An increase in the investments in the infrastructure sector and expansion of the tourism industry will drive the growth of the U.A.E heating, ventilation, and air conditioning (HVAC) market at a CAGR of 5.2% during the forecast period of 2020–2030. In terms of revenue, the market stood at $1,873.1 million in 2019, and it is projected to generate around $2,774.7 million by 2030.
This growth will ride on the back of the growing residential, industrial, commercial, and hospitality sectors of the U.A.E. The construction industry is one of the key driving forces for the U.A.E. HVAC market growth. The U.A.E. government is dedicated to enhancing the quality of the transportation sector of the country, which is why projects such as the extension of the Red Line of Dubai Metro, under the Route 22 plan, and construction of new airports are underway.
The government is investing extensively in a new and renewed transportation sector to host Dubai Expo 2020. These ventures will inevitably increase the demand for HVAC systems in this Middle-Eastern nation.The segments of the U.A.E. HVAC market are offering, end-user, and region. The offering segment is divided into two categories: equipment and service.
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Further classifications of the equipment category include heating, ventilation, and cooling systems. The cooling category dominated the market in 2019, and it is also expected to hold the topmost position during the forecast period. This is primarily due to the hot and humid conditions of this desert nation and rapid urbanization, which will increase the demand for cooling equipment in the coming years.
This market research report provides a comprehensive overview of the U.A.E. HVAC market
This growth will ride on the back of the growing residential, industrial, commercial, and hospitality sectors of the U.A.E. The construction industry is one of the key driving forces for the U.A.E. HVAC market growth. The U.A.E. government is dedicated to enhancing the quality of the transportation sector of the country, which is why projects such as the extension of the Red Line of Dubai Metro, under the Route 22 plan, and construction of new airports are underway.
The government is investing extensively in a new and renewed transportation sector to host Dubai Expo 2020. These ventures will inevitably increase the demand for HVAC systems in this Middle-Eastern nation.The segments of the U.A.E. HVAC market are offering, end-user, and region. The offering segment is divided into two categories: equipment and service.
Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/uae-hvac-market/report-sample
Further classifications of the equipment category include heating, ventilation, and cooling systems. The cooling category dominated the market in 2019, and it is also expected to hold the topmost position during the forecast period. This is primarily due to the hot and humid conditions of this desert nation and rapid urbanization, which will increase the demand for cooling equipment in the coming years.
This market research report provides a comprehensive overview of the U.A.E. HVAC market
- Historical and the present size of the U.A.E. HVAC market
- Future potential of the market through its forecast for the period 2020– 2030
- Major factors driving the market and their impact during the short, medium, and long terms
- Market restraints and their impact during the short, medium, and long terms
- Recent trends and evolving opportunities for the market participants
- Historical and the present size of the market segments and understand their comparative future potential
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