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Increasing Tourist Footfall Driving Chiller Sales in Middle East and Africa

In recent years, the sales of chillers have increased considerably in the Middle East and Africa (MEA) region, primarily because of the surging construction activities in the region. According to reports, the region’s construction industry registered a year-over-year (YoY) rate of 7.5% from 2018 to 2019, and it is predicted to grow at an average rate of 6.8% till 2022.

Moreover, the launch of several infrastructure development projects has propelled the demand for chillers, as they are deployed in large numbers in railway stations, offices, supermarkets, buildings, and metro stations. The governments of several countries in the region have made huge investments in infrastructure development projects for upcoming events, such as the FIFA World Cup 2022 and the Dubai Expo 2020 (which has been postponed till 2021).

Furthermore, Etihad Rail signed a memorandum of understanding (MoU) with ZonesCorp in March 2019 in order to establish logistics and railway facilities in the Industrial City of Abu Dhabi (ICAD). These facilities are expected to cover an area of around 6 million square meters. The agreement also aims to develop a sustainable railway network for connecting the entire U.A.E.

Additionally, the Dubai Silicon Park smart city project, which is an initiative of Dubai Silicon Oasis Authority, was completed by mid-2019, which propelled the MEA chiller market to unprecedented heights. It consists of 71,000 sq. m of office space, 46,000 sq. m of residential area, 25,000 sq. m of commercial space, and cafes, fitness centers, and restaurants. Apart from the aforementioned factors, the growing public awareness about inverter-powered chillers is also expected to create lucrative growth opportunities for the players operating in the industry.

This market research report provides a comprehensive overview of the market
  • The 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
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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