GCC Chillers

GCC Chillers Market Research Report: Forecast (2021-2026)

By Compressor Type (Screw Chillers, Scroll Chillers, Reciprocating Chillers, Turbocor Chillers, Centrifugal Chillers, Absorption Chillers), By Product (Air-Cooled, Water-Cooled), By End-User (Rubber, Read more

  • Environment
  • Feb 2021
  • 178
  • ET33019

Chillers are machines used for cooling purposes as they remove heat from a liquid through vapor-compression. GCC Chillers Market Analysis, 2021 research report depicts a deep dive market analysis of statistics of GCC Chillers market consisting of regional and country-wise market size, forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end-users, applications, product type, technologies, competitive benchmarking, etc.

Market Segmentation

Absorption Chillers Accounted for Significant Market Share

Based on Compressor Type, Absorption Chillers accounted for significant market share in the GCC Chillers market in the previous few years. Absorption Chillers consume only 5-10% electric power, thus becoming an efficient solution when there is an electric power shortage. Besides this, the increasing number of customers toward solar-powered absorption chiller due to the extreme weather conditions, the deployment of these chillers is mostly in buildings with heated swimming pools and hospitals. Therefore, this is likely to drive the growth of the GCC Chillers Market in the future, reveals MarkNtel Advisors in their research report, "GCC Chillers Market Analysis, 2021.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR 6%
Regions Covered UAE, Saudi Arabia, Qatar, Bahrain, Kuwait, Oman
Key Companies Profiled Daikin Middle East and Africa FZE, Johnson Controls, SKM Air Conditioning LLC, Petra Engineering Industries Company, Midea Group, Gami Air Conditioners Manufacturing Company L.L.C., Zamil Air conditioners, Smardt Chiller Group FZE, Dunham-Bush, Carrier Corporation, etc.
Unit Denominations USD Million/Billion

 

GCC Chillers Market Research Report: Forecast (2021-2026)

Market Opportunities

According to MarkNtel Advisors' research report "GCC Chillers Market Analysis, 2021," the GCC Chillers market is likely to grow at a CAGR of around 6% during 2021-2026. The surging inclination toward district cooling to reduce the electricity consumption and increasing integration of district cooling in the various mega project is propelling the adoption of chillers in the region. The burgeoning spending toward commercial, transportation, and residential construction, rapidly growing hospitality sector on account of tourists, and snowballing inclination of millennials toward consuming frozen foods are factors leading to the market growth in the forecast period.

Competitive Landscape

According to MarkNtel Advisors, the key players with a considerable market share in the GCC Chillers Market are Daikin Middle East & Africa FZE, Johnson Controls, SKM Air Conditioning LLC, Petra Engineering Industries Company, Midea Group, Gami Air Conditioners Manufacturing Company LLC, Zamil Air conditioners, Smart Chiller Group FZE, Dunham-Bush, Carrier Corporation, etc.

Key Questions Answered in the Market Research Report:

  1. What are the overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of the GCC Chillers Market?
  2. What is the region-wise industry size, growth drivers, and challenges key market trends?
  3. What are the key innovations, technology upgrades, opportunities, regulations in the GCC Chillers Market? 
  4. Who are the key competitors or market players, and how do they perform in the GCC Chillers Market based on the competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the GCC Chillers Market study?   

Market Outlook, Segmentation and Statistics 

  • Impact of COVID-19 on GCC Chillers Market
  • Market Size & Analysis
    • By Revenue
  • Market Share & Analysis
    • By Compressor Type
      • Screw Chillers
      • Scroll Chillers
      • Reciprocating Chillers
      • Turbocor Chillers
      • Centrifugal Chillers
      • Absorption Chillers
    • By Product
      • Air-Cooled
      • Water-Cooled
    • By End Users
      • Rubber
      • Plastics
      • Medical & Pharmaceutical
      • Chemicals & Petrochemicals
      • Food & Beverage
      • Healthcare
      • Hospitality
      • Others (Residential, Government & Transportation, etc.)
    • By Region
      • UAE Chillers Market Outlook, 2016-2026F (USD Million)
      • Saudi Arabia Chillers Market Outlook, 2016-2026F (USD Million)
      • Qatar Chillers Market Outlook, 2016-2026F (USD Million)
      • Kuwait Chillers Market Outlook, 2016-2026F (USD Million)
      • Oman Chillers Market Outlook, 2016-2026F (USD Million)
      • Bahrain Chillers Market Outlook, 2016-2026F (USD Million)
    • By Company
      • Revenue Shares
      • Strategic Factorial Indexing
      • Competitor Placement in MarkNtel Quadrant
  • GCC Chillers Market Customer Analysis, 2021-26F
    • Factors Affecting Buying Decision
    • Consumer Trend and Preferences
  • GCC Chillers Market Policies & Regulations
  • GCC Chillers Market Hotspots & Opportunities
  • Competition Outlook
    • Competitor Wise Growth Strategies
    • Company Profiles

Frequently Asked Questions

A. The historical data has been provided since 2016, while the base year is 2020, and the data forecast is up to 2026.

A. The measuring units of market size/industry size or the market value are USD Million.

A. The growth rate of the GCC Chillers Market during 2021-2026 is forecast to grow at a CAGR of 6% through 2026.

A. Daikin Middle East & Africa FZE, Johnson Controls, SKM Air Conditioning LLC, Petra Engineering Industries Company, Midea Group, Gami Air Conditioners Manufacturing Company L.L.C., Zamil Air conditioners, Smardt Chiller Group FZE, Dunham-Bush, and Carrier Corporation are a few leading players in the GCC Chillers Market.

A. The hospitality segment is likely to attain the highest CAGR during the forecast period and maintain its significant market share.

A. UAE continues to grow at the highest CAGR, thereby offering immense opportunities to market players of GCC Chillers Market.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on GCC Chillers Market
  5. GCC Chillers Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
      2. By Unit Sold
    2. Market Share & Analysis
      1. By Compressor Type
        1. Screw Chillers
        2. Scroll Chillers
        3. Reciprocating Chillers
        4. Turbocor Chillers
        5. Centrifugal Chillers
        6. Absorption Chillers
      2. By Product
        1. Air-Cooled
        2. Water-Cooled
      3. By End Users
        1. Oil & Gas
        2. Chemicals
        3. Food & Beverage
        4. Healthcare
        5. Hospitality
        6. Residential
        7. Power Utilities
        8. Others (Government & Transportation, etc.)
      4. By Country
        1. UAE
        2. Saudi Arabia
        3. Qatar
        4. Kuwait
        5. Bahrain
        6. Oman
      5. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Metrix
  6. UAE Chillers Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
      2. By Unit Sold
    2. Market Share & Analysis
      1. By Compressor Type
      2. By Product
      3. By End Users
  7. Saudi Arabia Chillers Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
      2. By Unit Sold
    2. Market Share & Analysis
      1. By Compressor Type
      2. By Product
      3. By End Users
  8. Qatar Chillers Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
      2. By Unit Sold
    2. Market Share & Analysis
      1. By Compressor Type
      2. By Product
      3. By End Users
  9. Kuwait Chillers Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
      2. By Unit Sold
    2. Market Share & Analysis
      1. By Compressor Type
      2. By Product
      3. By End Users
  10. Bahrain Chillers Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
      2. By Unit Sold
    2. Market Share & Analysis
      1. By Compressor Type
      2. By Product
      3. By End Users
  11. Oman Chillers Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. By Revenues
      2. By Unit Sold
    2. Market Share & Analysis
      1. By Compressor Type
      2. By Product
      3. By End Users
  12. GCC Chillers Market Customer Analysis, 2021-26F
    1. Factors Affecting Buying Decision
    2. Consumer Trend and Preferences
  13. GCC Chillers Market Trends & Insights
  14. GCC Chillers Market Dynamics
    1. Drivers
    2. Challenges
    3. Impact Analysis
  15. GCC Chillers Market Regulations & Policy Standards
  16. GCC Chillers Value Chain Analysis
  17. GCC Chillers Market Hotspots & Opportunities
  18. Key Strategic Imperatives for Success and Growth
  19. Competition Outlook
    1. Competition Matrix
      1. Product Portfolio
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profile
      1. Daikin Middle East and Africa FZE
      2. Johnson controls
      3. S.K.M Air Conditioning LLC
      4. Petra Engineering Industries Company
      5. Midea Group
      6. Gami Air Conditioners Manufacturing Company L.L.C.
      7. Zamil Air conditioners
      8. Smardt Chiller Group FZE
      9. Dunham-Bush
      10. Carrier Corporation
  20. Disclaimer
GCC Chillers Market Segmentation