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Middle East and Africa (MEA) HVAC Market 2014–2024 Trends and Opportunities, Players - Johnson Controls, Ingersoll Rand, United Technologies, Daikin Industries, Ltd., Mitsubishi Electric and Toshiba
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On the basis of end-user, the Middle East and Africa HVAC market is segmented into commercial, industrial and residential, wherein commercial is further split into commercial offices/buildings, hospitality, supermarkets/hypermarkets, government, transportation and healthcare.
Chillers are the most commonly used HVAC systems in commercial buildings in the region. However, with rising construction of green building projects, such as King Abdullah Financial District (KAFD) in Saudi Arabia, the country’s new financial hub, is pushing the demand for high efficiency VRF systems.
Geographically, African continent is split into two by equator by an imaginary gridline, wherein the countries near equator have an average annual temperature of around 32°C with humidity level hovering around 40-50%. The economic stability in countries such as Republic of Congo, Kenya, Gabon, Uganda, and Nigeria, has led to rise in spending capacity among the populace.
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Some of the major players in the Middle East and Africa HVAC market are Johnson Controls International PLC, Ingersoll-Rand plc, United Technologies Corporation, Daikin Industries Ltd., Mitsubishi Electric Corporation, Toshiba Carrier Corporation, LG Electronics Inc., Fujitsu Limited, Midea Group Co. Ltd., Gree Electric Appliances, Inc. of Zhuhai, Danfoss A/S.
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