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MEA HVAC Market Size, Trends, Company Profiles, Growth Rate, Trends and its Emerging Opportunities

The MEA HVAC market is witnessing the increasing need for energy-efficient HVAC systems, as these are very crucial to control the greenhouse gas emission and limit the impact of global warming. Moreover, the Gulf Cooperation Council (GCC) countries are introducing sustainable development policies and have strict regulations for energy-efficient solutions. 

Hence, to obey the regulations and support policies, market players are introducing energy-efficient systems in the region. For instance, due to violating the standards of Saudi Energy Efficiency Center, the customs department of Saudi Arabia seized 759,000 products in 2017. The type segment of the Middle East and Africa HVAC market is classified into heating, ventilation, and cooling. Among these, the cooling category held the largest market share in 2018. 



This is attributed to the fact cooling systems are required in almost all commercial and residential facilities. This category is further classified into ducted split/packaged unit, chiller, split unit, room air conditioner (AC), and variable refrigerant flow (VRF). Of these, the VRF category is expected to witness the fastest growth during the forecast period, owing to its economical nature and wide usage in commercial spaces.

Furthermore, based on country, Saudi Arabia accounted for the largest share in 2018 in the Middle East and Africa HVAC market. This is due to the increasing number of construction projects, with a focus on green buildings, in the country. King Abdullah Financial District (KAFD), a new financial hub in Saudi Arabia, is a key example of the green building project. The rising construction of green buildings is pushing the demand for high-efficient HVAC systems in the nation.

Thus, the growing construction industry and the increasing demand for HVAC systems in MEA are expected to propel the growth of the market during the forecast period.

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