Press release
What are the Growth Drivers in Middle East and Africa Chiller Market? | Major Players : GAMI Air Conditioners Manufacturing, Midea Group, Mitsubishi Electric, Zamil Air Conditioners, Daikin Industries, Ltd., United Technologies
However, factors such as surging demand for inverter-based chillers is anticipated to provide huge opportunities for the market players in the coming years.
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However, during 2014-2015, Middle East and Africa chiller market recorded a dip in revenues due to slump in oil prices. This has also led to decrease in revenues generated by the oil & gas industry in the MEA region. However, factors like upcoming events, Dubai Expo 2020, FIFA World Cup 2022, and Africa Confederation Cup (AFCON) in 2019 has revived the MEA market.
Based on end-user, Middle East and Africa chiller market is being divided into commercial, industrial and residential where commercial category generated the highest revenue in 2018.
In Saudi Arabia, there are three metro projects that are under-construction in Jeddah and Riyadh. Jeddah Metro, a $8.5 billion project, would consist of three lines, with around 55 stations under-construction and is set to be operational by 2020.
On the basis of country, U.A.E. is expected to exhibit a growth rate of 5.9% during 2019-2024, predominantly ascribed to the increasing hotel projects. In U.A.E., tourists’ attraction is being built across the Dubai; some of which include, Dubai Creek Harbour 2025, Heart of Europe 2020, Jewel of the Creek 2019, Marasi Business Bay 2022, and Marsa Al Arab 2020.
One of the top companies that has been observed in market was Ingersoll-Rand Plc, an Ireland based company. The company offers its products and services under brands such as Ingersoll Rand, Trane, Club Car, and Thermo King, where Trane caters the chiller category, and is largely popular in the region, especially in Saudi Arabia, U.A.E., Nigeria, Qatar, and South Africa.
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Some of the key players in the Middle East and Africa chiller market include GAMI Air Conditioners Manufacturing Company L.L.C., Midea Group Co. Ltd., Mitsubishi Electric Corporation, Zamil Air Conditioners, Petra Engineering Industries Co., S.K.M Air Conditioning LLC, Daikin Industries Ltd., United Technologies Corporation, Ingersoll-Rand plc, and Johnson Controls International Plc.
Middle East and Africa Chiller Market Segmentation
Market Segmentation by Type
• Screw
o Water-cooled
o Air-cooled
• Centrifugal
• Scroll
o Air-cooled
o Water-cooled
• Absorption
o Direct-fired
o Hot water
o Steam
• Reciprocating
o Air-cooled
o Water-cooled
Market Segmentation by End-User
• Commercial
o Hospitality
o Transportation
o Offices and buildings
o Healthcare
o Supermarket/Hypermarket
o Government
o Others (Data centers, banks, departmental stores, and convenience stores)
• Industrial
o Oil & gas
o Food & beverage
o Energy and utilities
o Pharmaceutical
o Automotive
o Others (Electronics, textile, and chemical and cement industries)
• Residential
Read More Related Reports:
Chiller Market :
https://www.psmarketresearch.com/market-analysis/chiller-market
U.A.E. Chiller Market :
www.psmarketresearch.com/market-analysis/uae-chiller-market
Saudi Arabia Chiller Market :
https://www.psmarketresearch.com/market-analysis/saudi-arabia-chiller-market
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