Direct Expansion Systems to Lead Saudi Arabia HVAC Market through 2023
Increasing construction and
infrastructure development activities, growing demand for energy-efficient HVAC
systems, expanding tourism sector and Saudi Vision 2030 to drive HVAC market in
Saudi Arabia through 2023
According to TechSci Research report, “Saudi
Arabia HVAC Market By Type, By End User, Competition
Forecast & Opportunities, 2013 – 2023”, Saudi Arabia HVAC market is projected
to surpass $ 2.7 billion by 2023. Growth in the market is anticipated on
account of technological advancements, robust and expanding distribution
network, and growing construction activities in the country. Additionally,
Saudi Vision 2030, which is aimed at bringing huge investments, massive
privatization of state assets, and spending and subsidy cuts, is expected to
positively influence the country’s HVAC market during the forecast period.
Direct expansion systems segment dominates Saudi Arabia HVAC market, as these
systems are available with smart technologies, such as smartphones, for
controlling the HVAC devices through Wi-Fi.
Browse 12
Tables and 31 Figures spread through 90 Pages and an in-depth TOC on "Saudi Arabia HVAC Market"
https://www.techsciresearch.com/report/saudi-arabia-hvac-market-by-type-direct-expansion-systems-and-central-hvac-systems-by-end-user-residential-commercial-institutional-and-industrial-competition-forecast-opportunities/1064.html
Trane Inc.,
Carrier, Johnson Controls International PLC and LG Shaker are some of the
leading players operating in Saudi
Arabia HVAC market.
Favorable
government rules and regulations, hot and arid climatic conditions requiring HVAC
systems to be highly efficient in cooling as well as energy consumption, and adoption
of western culture are some of the driving factors in the country’s HVAC
market. Northern & Central and Western regions are the largest demand generating regions in HVAC market in Saudi Arabia. Northern & Central
region includes cities like Riyadh (Capital of Saudi Arabia), which have well
developed distribution network, while Western region includes cities such as
Jeddah, Mecca, and Madinah, which are witnessing increasing demand for HVAC
systems due to rising tourism, extreme climatic conditions, growing
infrastructure investments and increasing government spending.
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"Implementation
of zero-energy systems, increasing shift towards green technology adoption, continuous
development in supply chain network, changing consumer preferences and increasing
adoption of smart technologies are anticipated to drive HVAC market in Saudi
Arabia in the coming years. Further, increasing population and per capita
income levels, coupled with growing tourism sector would also provide growth
opportunities to HVAC manufacturers and suppliers in the country through 2023.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Saudi
Arabia HVAC Market By Type, By End User, Competition Forecast & Opportunities, 2013
– 2023’” has evaluated the future growth potential
of HVAC market and provides statistics and information on market structure,
size, share and future growth. The report is intended to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in Saudi Arabia HVAC market.
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