Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services Market By Type (New Establishment and Refurbishments), By Application (Residential, Commercial, Industrial, and Public Sector), By End Use (Institutional, Healthcare, Commercial Real Estate, Hospitality, Housing, and Others (Retail, Airports, etc.)), By Region, Competition Forecast & Opportunities, 2028F

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Summary

Report Description

Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services market is projected to register exponential growth during the projected years owing to expanding tourism industry, rapid HVAC installation, and accelerating industrial and residential expansion throughout the nation. Furthermore, due to the nation's commercial construction industry's strong growth, the need for these services is anticipated to increase dramatically.

In testing, adjusting, and balancing, air and water flows are measured and modified to fulfil design specifications. The TAB procedure involves employing test instruments, sensors, and monitors to check that the HVAC system is operating at the right temperatures and with the proper airflow, among other things. To make sure HVAC systems are optimized for occupant comfort, energy economy, indoor air quality, and manufacturing processes, complex air and hydronic systems within buildings and throughout campuses must go through a crucial process called testing, adjusting, and balancing.

The need for HVAC systems and TAB services in Saudi Arabia is also anticipated to rise due to the country's harsh weather conditions, evolving lifestyles, and an expanding number of government measures aimed at revitalizing the economy of the oil-dependent nation. Additionally, it is anticipated that the market would expand due to the growing need for energy-efficient systems and the growing integration of smart devices into them. The demand for TAB products is further fueled by the country's increasing pace of urbanization. For instance, in 2021, 84.5% of the inhabitants of the kingdom resided in urban regions, which has resulted in a rising need for TAB services as well as temperature-control systems.

Events Organized by Government are Influencing the Market

Government of Saudi Arabia has organized HVAC R Expo Saudi. The event was the biggest HVACR (Heating, ventilation, Air Conditioning & Refrigeration) industry gathering in Saudi Arabia, and it was held at the Riyadh International Convention & Exhibition Center from February 11 to 13 in 2023. The development comes at a time when opportunities for HVACR industry participants in the Middle East are expanding rapidly. Over the next ten years, the GCC is expected to invest more than USD68 billion in HVACR systems. Saudi Arabia alone accounts for almost 50% of the total required investments for HVACR solutions in the GCC over the next 10 years, with USD34 billion worth of systems anticipated to be installed during that time, owing to a development boom in the nation. These opportunities are going to help increase the demand for HVAC, owing to which the market for testing, adjusting, and balancing services will also increase as these services are linked to the HVAC market.

Increasing demand from commercial sector to cater to the market demand

The commercial industry had the highest market share among the end users, and it is anticipated to increase at the fastest rate over the projected period. This might be attributed to the expansion of the hospitality industry as well as the increased number of commercial buildings and offices. Furthermore, the rental costs for Grade A office premises in Riyadh and Jeddah have increased as a result of the steady development in foreign direct investment into Saudi Arabia. In the first half of 2021, the Saudi Ministry of Investment granted 1,053 foreign investor licenses, a 108% increase from the previous year. This helped to meet the rising demand for office space.

Rising Investment in Infrastructure for Tourism is Propelling the Market Growth

The Saudi Arabian  TAB services industry is expanding as a result of the increased infrastructure and development spending. The significant investments made by Saudi Arabia in big projects, such as the USD500 billion NEOM City and AlUla, would help to establish the Kingdom as a top travel and tourism destination. By 2032, it is anticipated that the Kingdom's travel sector will have grown significantly and contributed USD100 billion to the nation's economy. The country has also put up a trillion-dollar pipeline of infrastructure projects meant to diversify the economy away from oil and gas and establish it as a major international hub for logistics and investment. The growth plan is concentrated on a number of key areas, including renewable energy, smart cities, and tourism. For instance, Saudi Arabia invested nearly USD10 billion in infrastructure development in 11 cities in 2022. A further 90 million square meters will be set aside for the construction of housing for about 750,000 people.


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Market Segmentation

Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services market is segmented based on type, application, end use, region, and competitional landscape. Based on type, the market is further fragmented into new establishment and refurbishments. In terms of application, the market is divided into residential, commercial, industrial, and public sectors. Based on end use the market is segmented into institutional, healthcare, commercial real estate, hospitality, housing and others (retail, airports, etc.).

Market Players

Abdullah H. Al Shuwayer Trading & Contracting Company, Zamil Air Conditioners Holding Company Ltd., Target for TAB Services, Cold Oasis Group (COG), Air-conditioning Balancing Services Co. (ABSCO), Shan International Company, Evolution Engineering Services (EES), Teamac Arabia, Saudi Aircon, Team Arabia Company, are the key market players operating in Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Type

Application

End Use

Region

Regional scope

Western, Central, Southern, Eastern and Northern

Key companies profiled

Abdullah H. Al Shuwayer Trading & Contracting Company, Zamil Air Conditioners Holding Company Ltd., Target for TAB Services, Cold Oasis Group (COG), Air-conditioning Balancing Services Co. (ABSCO), Shan International Company, Evolution Engineering Services (EES), Teamac Arabia, Saudi Aircon, Team Arabia Company

Customization scope

10% free report customization with purchase. Addition or alteration to regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Saudi Arabia Testing, Adjusting and Balancing (TAB) Service, By Type:
    • New Establishment

o   Refurbishments

  • Saudi Arabia Testing, Adjusting and Balancing (TAB) Services, By Application:
    • Residential
    • Commercial
    • Industrial
    • Public Sector
  • Saudi Arabia Testing, Adjusting and Balancing (TAB), By End Use:
    • Institutional
    • Healthcare
    • Commercial Real Estate
    • Hospitality
    • Housing
    • Others

        ·         Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services, By Region:

o   Western

o   Central

o   Southern

o   Eastern

o   Northern

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia Testing, Adjusting and Balancing (TAB) Services Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
Saudi Arabia Testing, Adjusting, and Balancing (TAB) Servicesis an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Service Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary      

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer Analysis

4.1.  Sample Size Determination

4.2.  Service Satisfaction Level

4.3.  Frequency of Service

4.4.  Factors Availing Purchase Decision

5.    Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Type Market Share Analysis (New Establishment and Refurbishments)

5.2.2.    By Application Market Share Analysis (Residential, Commercial, Industrial, Public Sector)

5.2.3.    By End Use Market Share Analysis (Institutional, Healthcare, Commercial Real Estate, Hospitality, Housing Others)

5.2.4.    By Region Market Share Analysis

5.2.4.1.        Western Region Market Analysis

5.2.4.2.        Central Region Market Analysis

5.2.4.3.        Southern Region Market Analysis

5.2.4.4.        Eastern Region Market Analysis

5.2.4.5.        Northern Region Market Analysis

5.2.5.    By Company Market Share Analysis

5.3.  Saudi Arabia Testing, Adjusting and Balancing (TAB) Market Mapping & Opportunity Assessment

5.3.1.    By Type Market Mapping & Opportunity Assessment

5.3.2.    By Application Market Mapping & Opportunity Assessment

5.3.3.    By End Use Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    Saudi Arabia Testing, Adjusting, Balancing Market Outlook in New Establishment

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Application Market Share Analysis (Residential, Commercial, Industrial, Public Sector)

6.2.2.    By End Use Market Share Analysis (Institutional, Healthcare, Commercial Real Estate, Hospitality, Housing Others)

6.2.3.    By Region Market Share Analysis (Northern & Central, Western, Southern, Eastern)

7.    Saudi Arabia Testing, Adjusting, Balancing Market Outlook in Refurbishments

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Application Market Share Analysis (Residential, Commercial, Industrial, Public Sector)

7.2.2.    By End Use Market Share Analysis (Institutional, Healthcare, Commercial Real Estate, Hospitality, Housing Others)

7.2.3.    By Region Market Share Analysis (Northern & Central, Western, Southern, Eastern)

8.    Market Dynamics

8.1.   Drivers

8.1.1.    Proper Need to Maintain HVAC Systems

8.1.2.    Increasing Need of Better Air and Water Quality

8.1.3.    Awareness of Energy Efficiency

8.2.   Challenges

8.2.1.    High Cost

8.2.2.    Low Availability of Certified Technicians

9.    Impact of COVID-19 on Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services Market

9.1.  Impact Assessment Model  

9.1.1.    Key Regions Impacted

9.1.2.    Key Sectors Impacted

10. Market Trends & Developments

10.1.             Increasing demand from Western Region

10.2.             Rising installation of new HVAC system    

10.3.             Growing construction activities

10.4.             Propelling consumer awareness towards maintenance

10.5.             Surge in demand from Commercial sector

11. SWOT Analysis

11.1.             Strengths

11.2.             Weaknesses

11.3.             Opportunities

11.4.             Threats

12. Policy & Regulatory Landscape

13. Saudi Arabia Economic Profile

14. Competitive Landscape

14.1.             Company Profiles

14.1.1. Abdullah H. Al Shuwayer Trading & Contracting Company

14.1.1.1.     Company Details

14.1.1.2.     Products & Services

14.1.1.3.     Financial (As Per Availability )

14.1.1.4.     Key Market Focus & Geographical Presence

14.1.1.5.     Market positioning

14.1.1.6.     Key Management Personnel

14.1.2. Zamil Air Conditioners Holding Company Ltd.

14.1.2.1.     Company Details

14.1.2.2.     Products & Services

14.1.2.3.     Financial (As Per Availability)

14.1.2.4.     Key Market Focus & Geographical Presence

14.1.2.5.     Market positioning

14.1.2.6.     Key Management Personnel

14.1.3. Target for TAB Services

14.1.3.1.     Company Details

14.1.3.2.     Products & Services

14.1.3.3.     Financial (As Per Availability)

14.1.3.4.     Key Market Focus & Geographical Presence

14.1.3.5.     Market positioning

14.1.3.6.     Key Management Personnel

14.1.4. Cold Oasis Group (COG)

14.1.4.1.     Company Details

14.1.4.2.     Products & Services

14.1.4.3.     Financial (As Per Availability)

14.1.4.4.     Key Market Focus & Geographical Presence

14.1.4.5.     Market positioning

14.1.4.6.     Key Management Personnel

14.1.5. Air-conditioning Balancing Services Co. (ABSCO)

14.1.5.1.     Company Details

14.1.5.2.     Products & Services

14.1.5.3.     Financial (As Per Availability)

14.1.5.4.     Key Market Focus & Geographical Presence

14.1.5.5.     Market positioning

14.1.5.6.     Key Management Personnel

14.1.6. Shan International Company

14.1.6.1.     Company Details

14.1.6.2.     Products & Services

14.1.6.3.     Financial (As Per Availability)

14.1.6.4.     Key Market Focus & Geographical Presence

14.1.6.5.     Market positioning

14.1.6.6.     Key Management Personnel

14.1.7. Evolution Engineering Services (EES)

14.1.7.1.     Company Details

14.1.7.2.     Products & Services

14.1.7.3.     Financial (As Per Availability)

14.1.7.4.     Key Market Focus & Geographical Presence

14.1.7.5.     Market positioning

14.1.7.6.     Key Management Personnel

14.1.8. Teamac Arabia

14.1.8.1.     Company Details

14.1.8.2.     Products & Services

14.1.8.3.     Financial (As Per Availability)

14.1.8.4.     Key Market Focus & Geographical Presence

14.1.8.5.     Market positioning

14.1.8.6.     Key Management Personnel

14.1.9. Saudi Aircon

14.1.9.1.     Company Details

14.1.9.2.     Products & Services

14.1.9.3.     Financial (As Per Availability)

14.1.9.4.     Key Market Focus & Geographical Presence

14.1.9.5.     Market positioning

14.1.9.6.     Key Management Personnel

14.1.10. Team Arabia Company

14.1.10.1.  Company Details

14.1.10.2.  Products & Services

14.1.10.3.  Financial (As Per Availability)

14.1.10.4.  Key Market Focus & Geographical Presence

14.1.10.5.  Market positioning

14.1.10.6.  Key Management Personnel

15. Strategic Recommendations/Action Plan

15.1.             Key Focus Areas

15.2.             Target Regions

15.3.             Target Type

16. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The major challenges faced by the market are low availability of the certified technicians and the high cost of the service.

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Testing, Adjusting, and Balancing (TAB) Services ensure that HVAC systems are optimized for occupant comfort, energy economy, indoor air quality, and manufacturing processes, complex air and hydronic systems within buildings and throughout sites.

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The Western region had the largest share in 2022 The various significant infrastructure development initiatives in places like Jeddah, Makkah, and Madinah are largely responsible for the positive market outlook in this region.

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The companies such as Abdullah H. Al Shuwayer Trading & Contracting Company, Zamil Air Conditioners Holding Company Ltd., Target for TAB Services, Cold Oasis Group (COG), Air-conditioning Balancing Services Co. (ABSCO), Shan International Company, Evolution Engineering Services (EES), Teamac Arabia, Saudi Aircon, Team Arabia Company are the key players are dominating in the Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services market.

Related Reports

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Parvati Sharma

Account Manager BD
Press Release

Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services Market to be Dominated by Commercial Sector

Feb, 2023

Increasing HVAC installations, growing infrastructure and increasing tourism sector are propelling the growth of Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services market.

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