U.A.E. Heating Equipment Market its Future Outlook and Trends

A combination of all these factors, P&S Intelligence claims, will drive the U.A.E. heating equipment market from $89.5 million in 2019 to $121.4 million by 2030, at a CAGR of 2.9% between 2020 and 2030 (forecast period). Already a vital part of the everyday life in temperate and colder countries, heating appliances are finding a widening installation base in the Gulf region, as people are now able to afford them, on account of their rising disposable income. Additionally, as mentioned above, the U.A.E. attracts lots of tourists with its lavish lifestyle, for which numerous luxurious hotels and resorts are being constructed, thereby pushing up the demand for heating equipment.

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Another key driver for the U.A.E. heating equipment market is the development of the transportation infrastructure. For instance, as part of the Route 2020 project launched in 2018, the Dubai Metro Red line was extended by 14 kilometers. In the same vein, Abu Dhabi is constructing more than 130 kilometers of metro lines. In another transport-related project, a new terminal is planned to come up at the Sharjah airport by the end of this year. At all such projects, heating appliances will be installed in large numbers to maintain the temperature, especially during the chilly nights.

Furnaces, heat pumps, boilers, and unitary heaters are the various types of heating equipment available in the U.A.E. Among these, the demand for heat pumps is set to skyrocket in the years to come, as these systems are cheaper and also more energy-efficient. With the declining reserves of oil and gas, on which the country’s economy greatly depends currently, the government is doing all it can to change this situation. Thus, efforts are being made to conserve electricity, so that the consumption of oil and gas in power plants can be reduced.

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During the historical period (2014–2019), Dubai held the largest share in the U.A.E. heating equipment market, and it will continue this trend till 2030. This is ascribed to the position of the city as the country’s economic and tourist hub. Thousands of people come to the city every year on business as well as to experience its cutting-edge infrastructure, immersive shopping malls, luxurious living, and thrilling amusement parks. Moreover, with the upcoming Dubai Expo this year, infrastructure is being developed here like never before. All these factors are resulting in the rising demand for heating equipment at hotels, stadia, cultural centers, shopping malls, transportation hubs, and business centers.

Hence, with the continuous development in the infrastructure in the U.A.E., the installation base of heating appliances will only expand.

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