The GCC HVACR Market reports delivers an in-depth assessment of market size, share, and emerging trends, offering valuable insights into growth opportunities. It examines market segmentation and definitions, highlighting core components and key drivers of expansion. By applying SWOT and PESTEL analyses, the study evaluates the sector’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors. Expert reviews of competitor strategies and recent developments provide a clearer view of regional dynamics and future market trajectories, establishing a strong foundation for strategic planning and informed investment decisions.
What will be the market size of GCC HVACR market 2030?
The GCC HVACR Market size was valued at around USD 6.79 billion in 2024 and is projected to reach USD 8.93 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.67% during the forecast period, i.e., 2025-30.
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Who are the top companies operating in the GCC HVACR market?
The report features prominent companies operating in the GCC HVACR market and the successful strategies they have adopted. It also provides detailed insights into each company’s market share and their role in driving the industry’s growth. As per MarkNtel Advisors, top companies in GCC HVACR market: LG Electronics, S.K.M. Air Conditioning, Carrier Corporation, Gree, Samsung, Daikin Industries, Mitsubishi, Trane Inc., Johnson Controls Inc., Zamil Air Conditioners Holding Co. Ltd
What is the key factor projected to fuel growth in the GCC HVACR Market between 2023 and 2030?
Expansion of Tourism Sector to Augment the Market Growth – Tourism is one of the fastest-growing sectors in the GCC region. Countries like the UAE, Oman, and Saudi Arabia, actively encourage medical tourism, business & leisure travel, etc., by providing easy visa clearance, world-class hospitality services, etc. Consequently, there's a mounting influx of foreign visitors to these countries. These developments have been encouraging the establishment of new hotels & resorts for commercial & cultural purposes by hotel groups like Ciel, Jumeriah, and others, thereby pushing the demand for HVAC systems, eventually aiding in enhancing the GCC HVACR Market share.
Furthermore, Saudi Arabia & Qatar have set the target of increasing their tourist footfall annually by around 100 million & 6 million, respectively, by 2030 & for it, they are encouraging leisure activities, adventure sports, etc. As a result, Aman Hotel, Armani Hotels, etc., are expanding their hotel chains in these countries.
Also, as per the announcements from the Future Hospitality Summit 2024, Saudi Arabia’s $110 billion development pipeline is targeting over 362,000 new hotel rooms by 2030. The event also catalyzed significant business, with over $1.1 billion in business opportunities and 17 major deals announced in 2024, confirming its importance as a deal-making platform. It would then amplify the demand for centralized air conditioners and, in turn, fuel the HVACR Market growth in the upcoming years.
GCC HVACR Market - Segmentation Analysis
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By Type (Window AC (Up to 1 Ton, 1.1 to 2, Ton Above 2 Ton, Split AC (Up to 1 Ton, 1 to 1.5 Ton, 1.6 to 2 Ton, Floor Standing AC (Up to 2 Ton, Above 2 Ton), Cassette AC, Packaged AC, Ducted Split AC, Centralized AC( FCU/AHU, Chillers, VRF), Refrigeration)),
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By End User (Residential, Commercial Buildings, Retail, Healthcare, Hospitality, Government & Transportation, Oil & Gas, Industrial, Facilities, Other Developing Industries (Hydrofarms, etc.)), By Sales Channel (Direct Sales, Online Authorized, Distributors) and others
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How does the GCC HVACR Market vary across different geography?
By Country
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The UAE
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Saudi Arabia
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Qatar
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Bahrain
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Oman
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Kuwait
This Section cover detailed analysis of revenue, market share and growth rate, historical data (2018-21) and forecast (2023-2030) of the following segmentation and geography.
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Comprehensive Table of Contents – GCC HVACR Market Analysis and Forecast, 2030
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Table 1: Introduction
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Table 2: Executive Summary
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Table 3: Market Regulations, Policies & Standards
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Table 4: GCC HVACR Market Size, Share & Scope, 2018-2030
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Table 5: Market Trends & Developments
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Table 6: Market Dynamics (Key Drivers, and Challenges)
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Table 7: Market Hotspots & Opportunities
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Table 8: Market Value Chain Analysis
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Table 9: Market Outlook, 2018-2030
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Table 10: Market Size & Analysis by Revenues (USD Million):
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Table 11: Market Size & Forecast 2018-2030 by Segmentation
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Table 12: Market Size & Forecast 2018-2030 by Geography
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Table 13: Key Strategic Imperatives for Success & Growth
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Table 14: Competitor Analysis of GCC HVACR Companies
Key Benefits for Industry Participants and Stakeholders
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Insight into emerging market trends and investment opportunities
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Understanding of regional market dynamics and competitive landscapes
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Data-driven forecasts to support strategic decision-making
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Access to industry benchmarks for performance evaluation
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Identification of potential risks and growth challenges
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