Middle East & Africa HVAC System Market Forecast to 2030 - Regional Analysis - by Component (Thermostat, Air Handling Units, Central ACs, Furnace, Heat Pump, Compressor, and Others), Type (Split System, Ductless System, and Packaged System), Implementation (New Installation, and Retrofit), and Application (Residential, Commercial, and Industrial)
The Middle East & Africa HVAC system market was valued at US$ 15,234.42 million in 2022 and is expected to reach US$ 30,058.55 million by 2030; it is estimated to grow at a CAGR of 8.9% from 2022 to 2030.
Need for Replacement of Traditional HVAC Systems with Newer HVAC Systems Fuels the Middle East & Africa HVAC System Market.
A traditional HVAC system is a split system with units both inside and outside the premises. The furnace is often located in a basement or garage. The air conditioner’s condenser unit cools off the refrigerant gas that cools down the air in the evaporator within the furnace unit outside the premise. Outside units produce a lot of noise, while indoor units are mostly low on noise. These older systems have less energy efficiency, and they generate and contribute to the emission of greenhouse gases due to the use of components with old standards in the system. They also need frequent maintenance, increasing the overhead costs.
Middle East & Africa HVAC System Market Overview
The Middle East & Africa (MEA) is gradually witnessing a high growth potential for the Middle East & Africa HVAC system market. The regulations formed by the governments in Middle Eastern countries in accordance with energy efficiency and the preference for eco-friendly refrigerants which are the least detrimental to the environment increase the need for HVAC systems as these HVAC systems use eco-friendly refrigerants for energy efficiency in regions such as the South Africa, Saudi Arabia, and UAE. Extreme weather conditions, growth in infrastructure/urban development projects, increasing population are some of the few factors that will impede global as well regional players to invest in MEA Middle East & Africa HVAC system market.
Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa HVAC System Market Segmentation
The Middle East & Africa HVAC system market is segmented based on component, type, implementation, application, and country. Based on component, the Middle East & Africa HVAC system market is segmented into thermostat, air handling units, central ACs, furnace, heat pump, compressor, and others. The central ACs segment held the largest market share in 2022.
Based on type, the Middle East & Africa HVAC system market is segmented into split system, ductless system, and packaged system. The split system segment held the largest market share in 2022.
Based on application, the Europe HVAC System Market is segmented into residential, commercial, and industrial. The residential segment held the largest market share in 2022.
Based on Implementation, the Middle East & Africa HVAC System Market is segmented into new installation and retrofit. the new installation segment held a larger market share in 2022.
Based on country, the Middle East & Africa HVAC system market is segmented into South Africa, Saudi Arabia, UAE, and Rest of MEA of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa HVAC
SAFID CO LTD, Blue Star Ltd, Mitsubishi Electric Corp, Hitachi Ltd, Daikin Industries Ltd, Emerson Electric Co, Honeywell International Inc, LG Electric Inc, Carrier Global Corp, and Johnson Controls Inc are some of the leading companies operating in the Middle East & Africa HVAC system market.
Need for Replacement of Traditional HVAC Systems with Newer HVAC Systems Fuels the Middle East & Africa HVAC System Market.
A traditional HVAC system is a split system with units both inside and outside the premises. The furnace is often located in a basement or garage. The air conditioner’s condenser unit cools off the refrigerant gas that cools down the air in the evaporator within the furnace unit outside the premise. Outside units produce a lot of noise, while indoor units are mostly low on noise. These older systems have less energy efficiency, and they generate and contribute to the emission of greenhouse gases due to the use of components with old standards in the system. They also need frequent maintenance, increasing the overhead costs.
Middle East & Africa HVAC System Market Overview
The Middle East & Africa (MEA) is gradually witnessing a high growth potential for the Middle East & Africa HVAC system market. The regulations formed by the governments in Middle Eastern countries in accordance with energy efficiency and the preference for eco-friendly refrigerants which are the least detrimental to the environment increase the need for HVAC systems as these HVAC systems use eco-friendly refrigerants for energy efficiency in regions such as the South Africa, Saudi Arabia, and UAE. Extreme weather conditions, growth in infrastructure/urban development projects, increasing population are some of the few factors that will impede global as well regional players to invest in MEA Middle East & Africa HVAC system market.
Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
Middle East & Africa HVAC System Market Segmentation
The Middle East & Africa HVAC system market is segmented based on component, type, implementation, application, and country. Based on component, the Middle East & Africa HVAC system market is segmented into thermostat, air handling units, central ACs, furnace, heat pump, compressor, and others. The central ACs segment held the largest market share in 2022.
Based on type, the Middle East & Africa HVAC system market is segmented into split system, ductless system, and packaged system. The split system segment held the largest market share in 2022.
Based on application, the Europe HVAC System Market is segmented into residential, commercial, and industrial. The residential segment held the largest market share in 2022.
Based on Implementation, the Middle East & Africa HVAC System Market is segmented into new installation and retrofit. the new installation segment held a larger market share in 2022.
Based on country, the Middle East & Africa HVAC system market is segmented into South Africa, Saudi Arabia, UAE, and Rest of MEA of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa HVAC
SAFID CO LTD, Blue Star Ltd, Mitsubishi Electric Corp, Hitachi Ltd, Daikin Industries Ltd, Emerson Electric Co, Honeywell International Inc, LG Electric Inc, Carrier Global Corp, and Johnson Controls Inc are some of the leading companies operating in the Middle East & Africa HVAC system market.
1. INTRODUCTION
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MIDDLE EAST & AFRICA HVAC SYSTEM MARKET LANDSCAPE
4.1 Market Overview
4.1.1 Middle East & Africa
4.2 Ecosystem Analysis
4.3 Expert Opinions
4.4 Cost Analysis
4.4.1 Cost Analysis
4.4.2 Cost Impacting Trends
5. MIDDLE EAST & AFRICA HVAC SYSTEM MARKET – KEY MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rise in Demand for Energy-efficient Solutions
5.1.2 Growth in Government Regulatory Policies for Energy Saving and Conservation
5.1.3 Development of Smart HVAC System Promoting Demand
5.2 Key Market Restraints
5.2.1 Lack of Skilled Technical Workforce
5.2.2 Higher Upfront Cost of Installation, Repair, and Maintenance of HVAC System
5.3 Key Market Opportunities
5.3.1 Need for Replacement of Traditional HVAC Systems with Newer HVAC Systems
5.3.2 Growing Adoption of Low Global Warming Potential Refrigerant
5.4 Future Trends
5.4.1 Integration of IoT into HVAC Systems
5.5 Impact Analysis of Drivers and Restraints
6. HVAC SYSTEM MARKET – MIDDLE EAST & AFRICA MARKET ANALYSIS
6.1 Middle East & Africa HVAC System Market Revenue Forecast and Analysis
7. MIDDLE EAST & AFRICA HVAC SYSTEM MARKET ANALYSIS – BY COMPONENT
7.1 Overview
7.2 Middle East & Africa HVAC System Market, by Component (2022 and 2030)
7.3 Thermostat
7.3.1 Overview
7.3.2 Thermostat: Middle East & Africa HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Air Handling Units
7.4.1 Overview
7.4.2 Air Handling Units: Middle East & Africa HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Central ACs
7.5.1 Overview
7.5.2 Central ACs: Middle East & Africa HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.6 Furnace
7.6.1 Overview
7.6.2 Furnace: Middle East & Africa HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.7 Heat Pump
7.7.1 Overview
7.7.2 Heat Pump: Middle East & Africa HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.8 Compressor
7.8.1 Overview
7.8.2 Compressor: Middle East & Africa HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.9 Others
7.9.1 Overview
7.9.2 Others: Middle East & Africa HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
8. MIDDLE EAST & AFRICA HVAC SYSTEM MARKET ANALYSIS – BY TYPE
8.1 Overview
8.2 Middle East & Africa HVAC System Market, By Type (2022 and 2030)
8.3 Split System
8.3.1 Overview
8.3.2 Split System: Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
8.4 Ductless System
8.4.1 Overview
8.4.2 Ductless System: Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
8.5 Packaged System
8.5.1 Overview
8.5.2 Packaged System: Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
9. MIDDLE EAST & AFRICA HVAC SYSTEM MARKET ANALYSIS – BY IMPLEMENTATION
9.1 Overview
9.2 Middle East & Africa HVAC System Market, By Implementation (2022 and 2030)
9.3 New Installation
9.3.1 Overview
9.3.2 New Installation: Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
9.4 Retrofit
9.4.1 Overview
9.4.2 Retrofit: Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
10. MIDDLE EAST & AFRICA HVAC SYSTEM MARKET ANALYSIS – BY APPLICATION
10.1 Overview
10.2 Middle East & Africa HVAC System Market, By Application (2022 and 2030)
10.3 Residential
10.3.1 Overview
10.3.2 Residential: Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
10.4 Commercial
10.4.1 Overview
10.4.2 Commercial: Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
10.5 Industrial
10.5.1 Overview
10.5.2 Industrial: Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
11. MIDDLE EAST & AFRICA HVAC SYSTEM MARKET
11.1 Overview
11.1.1 Middle East & Africa HVAC System Market Breakdown, by Country
11.1.1.1 Saudi Arabia HVAC System Market, Revenue and Forecast to 2030 (US$ million)
11.1.1.1.1 Saudi Arabia HVAC System Market Breakdown, by Application
11.1.1.1.2 Saudi Arabia HVAC System Market Breakdown, by Type
11.1.1.1.3 Saudi Arabia HVAC System Market Breakdown, by Component
11.1.1.1.4 Saudi Arabia HVAC System Market Breakdown, by Implementation
11.1.1.2 UAE HVAC System Market, Revenue and Forecast to 2030 (US$ million)
11.1.1.2.1 UAE HVAC System Market Breakdown, by Application
11.1.1.2.2 UAE HVAC System Market Breakdown, by Type
11.1.1.2.3 UAE HVAC System Market Breakdown, by Component
11.1.1.2.4 UAE HVAC System Market Breakdown, by Implementation
11.1.1.3 South Africa HVAC System Market, Revenue and Forecast to 2030 (US$ million)
11.1.1.3.1 South Africa HVAC System Market Breakdown, by Application
11.1.1.3.2 South Africa HVAC System Market Breakdown, by Type
11.1.1.3.3 South Africa HVAC System Market Breakdown, by Component
11.1.1.3.4 South Africa HVAC System Market Breakdown, by Implementation
11.1.1.4 Rest of MEA HVAC System Market, Revenue and Forecast to 2030 (US$ million)
11.1.1.4.1 Rest of MEA HVAC System Market Breakdown, by Application
11.1.1.4.2 Rest of MEA HVAC System Market Breakdown, by Type
11.1.1.4.3 Rest of MEA HVAC System Market Breakdown, by Component
11.1.1.4.4 Rest of MEA HVAC System Market Breakdown, by Implementation
12. INDUSTRY LANDSCAPE
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
13. COMPANY PROFILES
13.1 Mitsubishi Electric Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Blue Star Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 SAFID CO LTD
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Hitachi Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Daikin Industries Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Emerson Electric Co
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Honeywell International Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 LG Electronics Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Carrier Global Corp
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Johnson Controls Inc
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. APPENDIX
14.1 About The Insight Partners
14.2 Word Index
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MIDDLE EAST & AFRICA HVAC SYSTEM MARKET LANDSCAPE
4.1 Market Overview
4.1.1 Middle East & Africa
4.2 Ecosystem Analysis
4.3 Expert Opinions
4.4 Cost Analysis
4.4.1 Cost Analysis
4.4.2 Cost Impacting Trends
5. MIDDLE EAST & AFRICA HVAC SYSTEM MARKET – KEY MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Rise in Demand for Energy-efficient Solutions
5.1.2 Growth in Government Regulatory Policies for Energy Saving and Conservation
5.1.3 Development of Smart HVAC System Promoting Demand
5.2 Key Market Restraints
5.2.1 Lack of Skilled Technical Workforce
5.2.2 Higher Upfront Cost of Installation, Repair, and Maintenance of HVAC System
5.3 Key Market Opportunities
5.3.1 Need for Replacement of Traditional HVAC Systems with Newer HVAC Systems
5.3.2 Growing Adoption of Low Global Warming Potential Refrigerant
5.4 Future Trends
5.4.1 Integration of IoT into HVAC Systems
5.5 Impact Analysis of Drivers and Restraints
6. HVAC SYSTEM MARKET – MIDDLE EAST & AFRICA MARKET ANALYSIS
6.1 Middle East & Africa HVAC System Market Revenue Forecast and Analysis
7. MIDDLE EAST & AFRICA HVAC SYSTEM MARKET ANALYSIS – BY COMPONENT
7.1 Overview
7.2 Middle East & Africa HVAC System Market, by Component (2022 and 2030)
7.3 Thermostat
7.3.1 Overview
7.3.2 Thermostat: Middle East & Africa HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.4 Air Handling Units
7.4.1 Overview
7.4.2 Air Handling Units: Middle East & Africa HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.5 Central ACs
7.5.1 Overview
7.5.2 Central ACs: Middle East & Africa HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.6 Furnace
7.6.1 Overview
7.6.2 Furnace: Middle East & Africa HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.7 Heat Pump
7.7.1 Overview
7.7.2 Heat Pump: Middle East & Africa HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.8 Compressor
7.8.1 Overview
7.8.2 Compressor: Middle East & Africa HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
7.9 Others
7.9.1 Overview
7.9.2 Others: Middle East & Africa HVAC System Market – Revenue and Forecast to 2030 (US$ Million)
8. MIDDLE EAST & AFRICA HVAC SYSTEM MARKET ANALYSIS – BY TYPE
8.1 Overview
8.2 Middle East & Africa HVAC System Market, By Type (2022 and 2030)
8.3 Split System
8.3.1 Overview
8.3.2 Split System: Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
8.4 Ductless System
8.4.1 Overview
8.4.2 Ductless System: Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
8.5 Packaged System
8.5.1 Overview
8.5.2 Packaged System: Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
9. MIDDLE EAST & AFRICA HVAC SYSTEM MARKET ANALYSIS – BY IMPLEMENTATION
9.1 Overview
9.2 Middle East & Africa HVAC System Market, By Implementation (2022 and 2030)
9.3 New Installation
9.3.1 Overview
9.3.2 New Installation: Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
9.4 Retrofit
9.4.1 Overview
9.4.2 Retrofit: Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
10. MIDDLE EAST & AFRICA HVAC SYSTEM MARKET ANALYSIS – BY APPLICATION
10.1 Overview
10.2 Middle East & Africa HVAC System Market, By Application (2022 and 2030)
10.3 Residential
10.3.1 Overview
10.3.2 Residential: Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
10.4 Commercial
10.4.1 Overview
10.4.2 Commercial: Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
10.5 Industrial
10.5.1 Overview
10.5.2 Industrial: Middle East & Africa HVAC System Market Revenue and Forecast to 2030 (US$ Million)
11. MIDDLE EAST & AFRICA HVAC SYSTEM MARKET
11.1 Overview
11.1.1 Middle East & Africa HVAC System Market Breakdown, by Country
11.1.1.1 Saudi Arabia HVAC System Market, Revenue and Forecast to 2030 (US$ million)
11.1.1.1.1 Saudi Arabia HVAC System Market Breakdown, by Application
11.1.1.1.2 Saudi Arabia HVAC System Market Breakdown, by Type
11.1.1.1.3 Saudi Arabia HVAC System Market Breakdown, by Component
11.1.1.1.4 Saudi Arabia HVAC System Market Breakdown, by Implementation
11.1.1.2 UAE HVAC System Market, Revenue and Forecast to 2030 (US$ million)
11.1.1.2.1 UAE HVAC System Market Breakdown, by Application
11.1.1.2.2 UAE HVAC System Market Breakdown, by Type
11.1.1.2.3 UAE HVAC System Market Breakdown, by Component
11.1.1.2.4 UAE HVAC System Market Breakdown, by Implementation
11.1.1.3 South Africa HVAC System Market, Revenue and Forecast to 2030 (US$ million)
11.1.1.3.1 South Africa HVAC System Market Breakdown, by Application
11.1.1.3.2 South Africa HVAC System Market Breakdown, by Type
11.1.1.3.3 South Africa HVAC System Market Breakdown, by Component
11.1.1.3.4 South Africa HVAC System Market Breakdown, by Implementation
11.1.1.4 Rest of MEA HVAC System Market, Revenue and Forecast to 2030 (US$ million)
11.1.1.4.1 Rest of MEA HVAC System Market Breakdown, by Application
11.1.1.4.2 Rest of MEA HVAC System Market Breakdown, by Type
11.1.1.4.3 Rest of MEA HVAC System Market Breakdown, by Component
11.1.1.4.4 Rest of MEA HVAC System Market Breakdown, by Implementation
12. INDUSTRY LANDSCAPE
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
13. COMPANY PROFILES
13.1 Mitsubishi Electric Corp
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Blue Star Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 SAFID CO LTD
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Hitachi Ltd
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Daikin Industries Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Emerson Electric Co
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Honeywell International Inc
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 LG Electronics Inc
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Carrier Global Corp
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Johnson Controls Inc
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. APPENDIX
14.1 About The Insight Partners
14.2 Word Index
