GCC HVACR Market | CAGR 4.67% By 2030

GCC HVACR Market Research Report: Forecast (2025-2030)

HVACR Market in GCC - By Type (Window AC (Up to 1 Ton, 1.1 to 2, Ton Above 2 Ton, Split AC (Up to 1 Ton, 1 to 1.5 Ton, 1.6 to 2 Ton, Floor Standing AC (Up to 2 Ton, Above 2 Ton), Cassette AC, Packaged... ... assette AC, Packaged AC, Ducted Split AC, Centralized AC( FCU/AHU, Chillers, VRF), Refrigeration)), By End User (Residential, Commercial Buildings, Retail, Healthcare, Hospitality, Government & Transportation, Oil & Gas, Industrial, Facilities, Other Developing Industries (Hydrofarms, etc.)), By Sales Channel (Direct Sales, Online Authorized, Distributors) and others Read more

Environment
Aug 2025
Pages 155
Report Format: PDF, Excel, PPT

Market Definition

HVACR stands for Heating, Ventilation, Air Conditioning, and Refrigeration, which describes the industry & technology related to the design, installation, and maintenance of systems that control indoor environmental conditions, including temperature, humidity, air quality, and refrigeration. These systems are used in various settings, such as residential, commercial, and industrial buildings, as well as in vehicles, to provide thermal comfort & regulate air quality.

Market Insights & Analysis: GCC HVACR Market (2025-30):

The GCC HVACR Market size was valued at around USD 6.79 billion in 2024 and is projected to reach USD 8.93 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.67% during the forecast period, i.e., 2025-30. The market growth is attributed to the increasing investments by the local real estate developers in housing schemes to enhance home-ownership rates, coupled with rising government spending on the tourism sector. Saudi Arabia is planning to pump nearly 4.8 billion Saudi riyals ($1.28 billion) into new housing projects in 2025 within an ongoing drive to boost housing supply for citizens. The new projects in various parts of the Gulf kingdom include nearly 16,000 houses, apartments, and villas, according to the Municipal Affairs and Housing Ministry. In addition, the commercial, oil & gas, and government & transportation sectors are major contributors to the growth of the GCC HVACR Market.

Moreover, the surging demand for air conditioners in the region is encouraging manufacturers to launch technologically advanced ACs, like those that consume less electricity, are integrated with image sensor technology, and have 4D swing functions, among others. Besides, the rising demand for energy-efficient air conditioners is leading to increasing collaborations among competitors to develop energy-efficient residential ACS to reduce energy consumption, which, in turn, is creating lucrative opportunities for the HVACR Market growth.

Besides, economic diversification plans like the UAE Vision 2021, Saudi Vision 2030, Kuwait Vision 2035, etc., to reduce the economy's dependence on hydrocarbon exports are contributing to the expansion of the logistics sector for long-term sustained economic growth. Thus, the increasing need for refrigeration systems in the GCC, owing to the flourishing logistics sector, is spurring the HVACR Market growth in the region.

GCC HVACR Market Scope:

Category	Segments
By Type	Window AC (Up to 1 Ton, 1.1 to 2, Ton Above 2 Ton, Split AC (Up to 1 Ton, 1 to 1.5 Ton, 1.6 to 2 Ton), Floor Standing AC (Up to 2 Ton, Above 2 Ton), Cassette AC, Packaged AC, Ducted Split AC, Centralized AC ( FCU/AHU, Chillers, VRF), Refrigeration
By End User	Residential, Commercial Buildings, Retail, Healthcare, Hospitality, Government & Transportation, Oil & Gas, Industrial, Facilities, Other Developing Industries (Hydrofarms, etc.)
By Sales Channel	Direct Sales, Online Authorized, Distributors

GCC HVACR Market Driver:

Expansion of Tourism Sector to Augment the Market Growth – Tourism is one of the fastest-growing sectors in the GCC region. Countries like the UAE, Oman, and Saudi Arabia, actively encourage medical tourism, business & leisure travel, etc., by providing easy visa clearance, world-class hospitality services, etc. Consequently, there's a mounting influx of foreign visitors to these countries. These developments have been encouraging the establishment of new hotels & resorts for commercial & cultural purposes by hotel groups like Ciel, Jumeriah, and others, thereby pushing the demand for HVAC systems, eventually aiding in enhancing the GCC HVACR Market share.

Furthermore, Saudi Arabia & Qatar have set the target of increasing their tourist footfall annually by around 100 million & 6 million, respectively, by 2030 & for it, they are encouraging leisure activities, adventure sports, etc. As a result, Aman Hotel, Armani Hotels, etc., are expanding their hotel chains in these countries.

Also, as per the announcements from the Future Hospitality Summit 2024, Saudi Arabia’s $110 billion development pipeline is targeting over 362,000 new hotel rooms by 2030. The event also catalyzed significant business, with over $1.1 billion in business opportunities and 17 major deals announced in 2024, confirming its importance as a deal-making platform. It would then amplify the demand for centralized air conditioners and, in turn, fuel the HVACR Market growth in the upcoming years.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
GCC HVACR Market Trends & Developments
GCC HVACR Market Dynamics
1. Drivers
2. Challenges
GCC HVACR Market Porter’s Five Forces Analysis
GCC HVACR Market Regulations, Norms, & Product Standards
GCC HVACR Market Imports & Exports Statistics
GCC HVACR Market Winning Strategies, 2025
1. Investment Scenario
2. Hotspots
GCC HVACR Market Supply Chain & Stakeholder Margin Analysis
GCC HVACR Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. Market Revenues (USD Million)
  2. Unit Sold (Thousand Units)
2. Market Share & Analysis
  1. By Type
    1. Window AC
      1. Up to 1 Ton
      2. 1.1 to 2 Ton
      3. Above 2 Ton
    2. Split AC
      1. Up to 1 Ton
      2. to1.5 Ton
      3. 1.6 to 2 Ton
    3. Floor Standing AC
      1. Up to 2 Ton
      2. Above 2 Ton
    4. Cassette AC
    5. Packaged AC
    6. Ducted Split AC
    7. Centralized AC
      1. FCU/AHU
      2. Chillers
      3. VRF
    8. Refrigeration
  2. By End User
    1. Residential
    2. Commercial Buildings
    3. Retail
    4. Healthcare
    5. Hospitality
    6. Government & Transportation
    7. Oil & Gas
    8. Industrial Facilities
    9. Other Developing Industries (Hydrofarms, etc.)
  3. By Sales Channel
    1. Direct Sales
    2. Online
    3. Authorized Distributors
  4. By Country
    1. Saudi Arabia
    2. Oman
    3. Qatar
    4. Bahrain
    5. Kuwait
    6. The UAE
  5. By Company
    1. Revenue Shares & Analysis
    2. Competition Characteristics
Saudi Arabia HVACR Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. Market Revenues (USD Million)
  2. Units Sold
2. Market Share & Analysis
  1. By Type
  2. By End User
  3. By Sales Channel
  4. By Region
Oman HVACR Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. Market Revenues (USD Million)
  2. Units Sold
2. Market Share & Analysis
  1. By Type
  2. By End User
  3. By Sales Channel
  4. By Region
Qatar HVACR Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. Market Revenues (USD Million)
  2. Units Sold
2. Market Share & Analysis
  1. By Type
  2. By End User
  3. By Sales Channel
  4. By Region
Bahrain HVACR Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. Market Revenues (USD Million)
  2. Units Sold
2. Market Share & Analysis
  1. By Type
  2. By End User
  3. By Sales Channel
  4. By Region
Kuwait HVACR Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. Market Revenues (USD Million)
  2. Units Sold
2. Market Share & Analysis
  1. By Type
  2. By End User
  3. By Sales Channel
  4. By Region
The UAE HVACR Market Outlook, 2020-2030F
1. Market Size & Analysis
  1. Market Revenues (USD Million)
  2. Units Sold
2. Market Share & Analysis
  1. By Type
  2. By End User
  3. By Sales Channel
  4. By Region
Competitive Outlook
1. Company Profiles
  1. LG Electronics
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  2. S.K.M. Air Conditioning
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  3. Carrier Corporation
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  4. Gree
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  5. Samsung
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  6. Daikin Industries
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  7. Mitsubishi
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  8. Trane Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  9. Johnson Controls Inc.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  10. Zamil Air Conditioners Holding Co. Ltd.
    1. Business Description
    2. Product Portfolio
    3. Strategic Alliances or Partnerships
    4. Recent Developments
    5. Financial Details
    6. Others
  11. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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