UAE Chillers Market Size & Outlook, 2023-2030
UAE chillers market, 2018-2030 (US$M)
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UAE chillers market highlights
- The UAE chillers market generated a revenue of USD 103.6 million in 2023 and is expected to reach USD 150.5 million by 2030.
- The UAE market is expected to grow at a CAGR of 5.5% 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 103.6 million |
| Market revenue in 2030 | USD 150.5 million |
| Growth rate | 5.5% (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, UAE accounted for 1.0% 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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UAE 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 60.91% in 2023. Horizon Databook has segmented the UAE chillers market based on water-cooled, air-cooled covering the revenue growth of each sub-segment from 2018 to 2030.
The building construction sector in UAE observed a huge growth prospect for commercial building construction sector. UAE also attracted a huge influx of investments to set up the commercial and residential building structures.
Due to the hot climatic conditions, there exists a high demand for cold air supply. In November 2023, the U.A.E.’s largest real estate development company, Wasl, launched a premium hillside housing project. Hence, to supply cold air at lower cost to these big housing projects, the demand for chillers is likely to remain high in coming years.
Further, the UAE has invested heavily to accustom with the industry 4.0 and data. Currently, the country has 19 working listed data centers. As the data centers house a large number of storage systems, servers, and other electronic devices, they require efficient atmospheric temperature control systems.
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Our clientele includes a mix of chillers market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE chillers market , including forecasts for subscribers. This country databook contains high-level insights into UAE chillers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE chillers market size, by by product, 2018-2030 (US$M)
UAE Chillers Market Outlook Share, 2023 & 2030 (US$M)
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