Saudi Arabia Chillers Market Size & Outlook, 2023-2030
Saudi Arabia chillers market, 2018-2030 (US$M)
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Saudi Arabia chillers market highlights
- The Saudi Arabia chillers market generated a revenue of USD 224.9 million in 2023 and is expected to reach USD 334.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.8% from 2024 to 2030.
- In terms of segment, water-cooled was the largest revenue generating by product in 2023.
- Air-Cooled is the most lucrative by product segment registering the fastest growth during the forecast period.
Chillers market data book summary
| Market revenue in 2023 | USD 224.9 million |
| Market revenue in 2030 | USD 334.0 million |
| Growth rate | 5.8% (CAGR from 2023 to 2030) |
| Largest segment | Water-cooled |
| Fastest growing segment | Air-Cooled |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Water-Cooled, Air-Cooled |
| Key market players worldwide | Trane Technologies PLC Class A, Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Johnson Controls International PLC, Rite-Hite, Air Products & Chemicals Inc, Honeywell International Inc, ClimaCool, Fluid Chillers, General Air Products, Rite-Temp |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 2.3% of the global chillers market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia chillers market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 334.0 million by 2030.
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Chillers Market Scope
Chillers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia chillers market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to chillers market will help companies and investors design strategic landscapes.
Water-cooled was the largest segment with a revenue share of 62.61% in 2023. Horizon Databook has segmented the Saudi Arabia chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
In November 2023, Saudi Arabia’s mega project NEOM proclaimed to upscale the coastal destination in the northwest Saudi Arabia by unveiling two futuristic coastal skyscrapers. It involves construction of two skyscrapers with approximate heights of 225 meters and 275 meters, housing a premium of 41-hotels, 14-suites, and apartments.
In addition to that, the Saudi Arabian government has been focusing on its Vision 2030, where the government is giving more emphasis on the construction of airports, hospitals, and universities. Chillers are used to supply cold and dehumidified air to these commercial setups. Hence the growth in commercial construction has created a strong demand for chillers in Saudi Arabia.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia chillers market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia chillers market size, by by product, 2018-2030 (US$M)
Saudi Arabia Chillers Market Outlook Share, 2023 & 2030 (US$M)
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