Future GCC HVACR Market: Key Dynamics, Size & Share Analysis

The GCC HVACR Market size was valued at around USD 6.79 billion in 2024 and is projected to reach USD 8.93 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.67% during the forecast period, i.e., 2025-30.

Top Trend Impacting the GCC HVACR Growth

Top Trend Preference for VRFs Over Chillers in the Commercial Buildings – With growing concerns over climate change & the optimum utilization of the available resources, there is a shift towards sustainability, i.e., encouraging the adoption of energy-efficient products like VRF for air cooling purposes. Along with this, the high energy consumption in commercial buildings of the GCC region, such as hotels & office complexes, is also elevating the demand for energy-efficient HVACs and, in turn, pushing the adoption of VRFs.

According to Kuwait Institute for Scientific Research, HVAC & lighting systems consume almost 65% of the annual electricity generation and about 85% of the yearly peak load. Hence, GCC’s commercial sector is witnessing the increasing adoption of VRFs as they are almost 30% more energy efficient than air-cooled chillers & packaged & mini-split systems. Therefore, the rising demand for energy-efficient HVAC systems is set to augment the GCC HVAC Market revenue growth in the years ahead.

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Understanding the Core Segments in the GCC HVACR Market

GCC HVACR Size, Share & Industry Trends Analysis -  By Type (Window AC (Up to 1 Ton, 1.1 to 2, Ton Above 2 Ton, Split AC (Up to 1 Ton, 1 to 1.5 Ton, 1.6 to 2 Ton, Floor Standing AC (Up to 2 Ton, Above 2 Ton), Cassette AC, Packaged AC, Ducted Split AC, Centralized AC( FCU/AHU, Chillers, VRF), Refrigeration)), By End User (Residential, Commercial Buildings, Retail, Healthcare, Hospitality, Government & Transportation, Oil & Gas, Industrial, Facilities, Other Developing Industries (Hydrofarms, etc.)), By Sales Channel (Direct Sales, Online Authorized, Distributors) and others

Geographical Analysis of the GCC HVACR Market

-By Region

  • The UAE
  • Saudi Arabia
  • Qatar
  • Oman
  • Kuwait
  • Bahrain

The UAE HVACR Market witnessed notable growth in the past, which was backed by rapid urbanization & an increased number of infrastructure development projects in the country.

 Who Dominates the GCC HVACR Insights on Key Industry Players?

Companies are strengthening their presence in the GCC HVACR by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services

  • LG Electronics
  • K.M. Air Conditioning
  • Carrier Corporation
  • Gree
  • Samsung
  • Daikin Industries
  • Mitsubishi
  • Trane Inc.
  • Johnson Controls Inc.
  • Zamil Air Conditioners Holding Co. Ltd.
  • Others

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