Press Release

A USD 124.9 Million UAE Chiller Market to Accelerate at a CAGR of Around 6.3% During 2025-30

The UAE Chiller Market size was valued at around USD 124.9 million in 2024 and is projected to reach around USD 181.5 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.3% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report. This growth in the chiller market of the UAE is attributed to the growing construction and real estate activities. CBRE, a leading real estate service company has highlighted an estimated USD 400 billion worth of commercial real estate that is either under construction or in the planning stage in UAE during 2024. The expanding real estate will boost the deployment of the district cooling systems thereby driving the chiller market in the UAE.

Furthermore, the healthcare sector of the UAE is experiencing rapid growth. The growing effort of the government to establish the country as a regional hub for healthcare is driving market growth. This is further highlighted in the rising healthcare budget of the UAE. The development of these scenarios has resulted in the proliferation of healthcare facilities in the country with Dubai and Abu Dhabi being at the forefront of it. For example, there was a huge influx in the registration pertaining to the new healthcare facilities amounting to 26,279 reported by the Dubai Health Authority.

Apart from this, the UAE government is gradually diversifying its economy to non-oil sectors. This has resulted in the increasing focus on the tourism industry which is among the industries that are leading this transition. This is further witnessed as the government of UAE is planning to raise the tourism industry’s GDP contribution to USD 122 billion by 2031 and is planning to attract investments worth USD 27 billion for the industry. These developments will fuel the expansion of hotels commercial malls, etc. thereby driving the demand for chillers in the UAE, further states the research report, “UAE Chiller Market Analysis, 2025.”

UAE Chiller Market Segmentation Analysis

Water Cooled Chillers Hold the Largest Market Share

Based on the product, the market is further bifurcated into, air-cooled chiller and water-cooled chiller. Water-cooled chillers hold the largest market share. The water-cooled chiller is more efficient with efficiency that is near about twice that of air-cooled chillers. This is due to water being a more efficient medium for heat transfer than air, particularly in the geography of the UAE. Moreover, the high temperature in the country makes the air dry and saturated making water a much more suitable medium for heat transfer. The country uses its substantial electricity for air conditioning purposes, government in the UAE wants to deploy an energy-efficient solution for it. This leads to an increase in the usage of water-cooled chillers in the UAE Chiller Market.

Dubai Leads the UAE Chiller Market

Based on the regional segment of the UAE Chiller Market, Dubai holds the largest share. The commercial sector which contributes significantly to the economy of Dubai is driving this growth. The Emirate of Dubai has seen a significant increase in its real estate properties. These commercial properties extensively rely on the district cooling systems which use the chiller to provide efficient cooling. A significant portion of the country's commercial sector is made up of office and retail spaces. These commercial spaces are witnessing an ongoing expansion in Dubai. This will boost the need for a cooling system thereby augmenting the demand for chillers in Dubai.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including Johnson Controls, Atlas Copco, Trane, Carrier Corporation, Daikin Middle East & Africa FZE, LG Electronics Gulf, Zamil Air conditioners, Blue Star, Climaveneta, Emirates Jo Trade Co. LLC, and Others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the country?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across the country?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?