Middle East & Africa Hvac Systems Market Size & Outlook
Middle East & Africa hvac systems market, 2018-2030 (US$M)
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MEA hvac systems market highlights
- The MEA hvac systems market generated a revenue of USD 19,524.8 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, air conditioning was the largest revenue generating equipment in 2023.
- Air Conditioning is the most lucrative equipment segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 19,524.8 million |
| Market revenue in 2030 | USD 30,346.4 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Air conditioning |
| Fastest growing segment | Air Conditioning |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Heat Pump, Furnace, Unitary Heaters, Boilers, Air Purifier, Dehumidifier, Air Handling Units, Ventilation Fans, Air Conditioning, Chillers, Cooling Towers |
| Key market players worldwide | Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Fujitsu Ltd, Haier, Hitachi Ltd, Johnson Controls International PLC, LG Electronics Inc ADR, Lennox International Inc, Mitsubishi Electric Corp, Samsung Electronics Co Ltd, Trane Technologies PLC Class A |
Other key industry trends
- In terms of revenue, MEA region accounted for 8.4% of the global hvac systems market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 185,553.2 million by 2030.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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HVAC Systems Market Scope
HVAC Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa hvac systems 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 hvac systems market will help companies and investors design strategic landscapes.
Air conditioning was the largest segment with a revenue share of 53.02% in 2023. Horizon Databook has segmented the Middle East & Africa hvac systems market based on heat pump, furnace, unitary heaters, boilers, air purifier, dehumidifier, air handling units, ventilation fans, air conditioning, chillers, cooling towers covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East has been witnessing rising investment in residential, industrial, and commercial building construction. HVAC systems are used in residential, commercial, and industrial buildings to maintain the ambient temperature, humidity, and ventilation.
In November 2023, the U.A.E.’s largest real estate development company, Wasl, launched a premium hillside housing project. In addition, Saudi Arabia invested heavily in infrastructure projects like King Salman Energy Park, NEOM, and others.
The NEOM project reached a total investment of USD 1.1 trillion. The below table shows the timelines and total investment attracted by these projects in the region. Moreover, climatic conditions in the Middle East & Africa are mostly dry and hot throughout the year.
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Our clientele includes a mix of hvac systems market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa hvac systems market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa hvac systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA hvac systems market size, by country, 2018-2030 (US$M)
Middle East & Africa HVAC Systems Market Outlook Share, 2023 & 2030 (US$M)
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