Middle East and Africa(MEA) Chiller Market Growing due to Rising Adoption of District Cooling Systems

The Middle East and Africa (MEA) chiller market generated a revenue of $1.1 billion in 2018 and is predicted to advance at a CAGR of 3.6% during the forecast period (2019-2024). The expanding construction industry and adoption of district cooling systems are the factors contributing to the growth of the market. A chiller is used for cooling large facilities; this is achieved by the removal of heat from a liquid through a vapor-compression or absorption refrigeration cycle. Chilled water is generated by chillers, which then facilitates the cooling of buildings.

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A key driving factor of the MEA chiller market is the growing adoption of district cooling systems. The region is increasingly deploying district cooling systems due the rising demand for energy-efficient cooling solutions. Since these systems consume 40-50% less energy than the traditional air conditioning systems, they are a better alternative for cooling requirements of a building. Other benefits of district cooling systems include reduced total installed capacity, less occupation of space, and reduced maintenance costs. Because of these factors, these systems are gaining huge momentum among the consumers.

The growing inclination toward magnetic-bearing chillers is a major trend in the MEA chiller market. In order to remove excess heat that is generated due to friction, chillers and their internal componentsrequire oil lubrication. However, magnetic bearing chillers require no oil lubrication as they have fewer moving parts, and therefore require less servicing and maintenance. This further results in reduced operational costs as tasks such as oil disposal and oil filter changes are eliminated. Moreover, these chillers are light-weight, produce less sound, and 40% more efficient.

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Middle East and Africa chiller market is consolidated with a few top players including Ingersoll Rand Plc, Johnson Controls International PLC, United Technologies Corporation, and Daikin Industries Limited, who are the leading contributors. The major players in the MEA chiller market have been involved in product launches, facility expansions, and client wins. For instance, in August 2018, Trane Inc., a provider of indoor comfort solutions and services and a brand of Ingersoll-Rand plc, introduced RTHF G, a new addition in the XStream range of water-cooled screw chillers. The new design would be available in countries including Europe, Middle East and Africa. It operates with R-1234ze, a near zero GWP refrigerant.

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