A surge in construction activities in the transportation sector of the U.A.E. has led to the widescale adoption of heating, air conditioning, and ventilating (HVAC) systems in the country. The gulf country is spending hefty amounts on the construction of airports and expansion of railway infrastructure. These new facilities adopt HVAC equipment to offer better amenities. For example, the U.A.E. government launched "Route 2020" in 2018, to extend the Red line of Dubai Metro. The government is making similar investments to improve the infrastructure of the country.
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These new units are largely focusing on the installation of smart HVAC systems that offer advanced monitoring systems, better controls, smart thermostats, and internet of things (IoT)-based temperature controls. Moreover, these smart systems help in building automation capabilities and provide enhanced temperature variability and cleaner air, in comparison to conventional equipment.
These factors will help the U.A.E. HVAC market to progress at a CAGR of 5.2% during 2020–2030. The market stood at $1,873.1 million in 2019 and it is projected to reach $2,774.7 million by 2030. Due to the desert climate of the U.A.E. and incoming humid breeze from the Persian Gulf, the country has a high requirement for cooling equipment.
Additionally, rapid urbanization, owing to the continuous influx of capital from private and government organizations, will lead to the large-scale installation of cooling systems in the coming years. These systems comprise mini splits and window room air conditioners (ACs), split units, water-cooled and air-cooled ducted splits/packaged units, heat pump and heat recovery variable refrigerant flow (VRF) systems, and screw, centrifugal, scroll, reciprocating, and absorption chillers.
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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