By Type (Service, Spare Parts & Retrofit), By Region (Dubai, Abu Dhabi, Sharjah & Northern Emirates), By End User (Residential, Commercial Buildings, Retail, Health Care , Hospitality, Government &, Transportation, Oil & Gas, Others), By Type of Service (Facility Management Vs Others), By Company
The growing foreign investments in the country on an account of the political and economic stability are projected to positively impact the growth of UAE HVAC after market. Moreover, the UAE is emphasizing to diversify its economy and boost investments in different sectors excluding from oil & gas. The increasing greenfield investment in the country is projected to boost the establishment of numerous buildings. Hence, these factors are anticipated to positively impact the HVAC after market industry as an increased number of HVAC units are expected to be installed in the upcoming projects.
According to MarkNtel Advisors’ research report titled “UAE HVAC After Market Analysis, 2020”, the HVAC after market is projected to register a CAGR of around 3% during 2020-25. The government and transportation sectors acquired a significant market share in the UAE HVAC after market in 2019. In UAE, a huge investment is made in the HVAC aftermarket across government as well as transportation industry as these sectors require the HVAC units to be operated almost 24*7.
The maintenance of the HVAC units installed at airports and metros are done through the annual maintenance contracts. Several projects which would boost the growth of the government & transportation sectors in the UAE HVAC Aftermarket include the Dubai Metro project which is introduced by the Dubai Roads and Transport Authority and is estimated to get completed by 2030. Moreover, the extension of Al Maktoum Airport which would get completed by 2030 is anticipated to boost the growth of UAE HVAC aftermarket in the forthcoming period.
In addition, the HVAC spare parts & retrofit segment captured a considerable market share in the UAE HVAC Aftermarket in 2019. The rising demand for energy-efficient air conditioners and increasing awareness regarding star-labelled products are two prime factors that are driving the demand for spare parts market (up-gradation of technology) across UAE. A key component of spare parts which frequently needs replacement is filters, especially for health care application where fresh and clean air is a basic necessity.
As perMarkNtel Advisors’ study, the companies that have captured a significant market share in the UAE HVAC aftermarket include Carrier, Aftron, Trane, Daiken, LG, Mitsubishi, etc. The companies are increasingly collaborating to provide aftermarket services to several facilities.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Revenue, Forecast Numbers, Market Segmentation, Market Shares) of UAE HVAC aftermarket?
What are the region-wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the UAE HVAC aftermarket?
Who are the key competitors or market players and how they perform in UAE HVAC After Market on the basis of a competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of the UAE HVAC aftermarket study?
Revenue Share for Top Leading Facility Management Companies Managing HVAC Sector (2018), in Percentage
By Company (Aftermarket Services)
Competitor Wise Revenue Share
Strategic Factorial Indexing
Competitor Placement on MarkNtel Quadrant
UAE HVAC After-Market SWOT Analysis, By Country
Frequently Asked Questions
What would be the growth rate or CAGR of UAE HVAC After Market during 2020-25?
A. The market size of UAE HVAC After-Market during 2020-25 is forecast to be around 3%.
Q. Which End-User would grab the highest market share during 2020-25?
A. It is forecast that the government and transportation sector grabbed a significant market share in the UAE HVAC aftermarket in 2019. In UAE, a huge investment is made in the HVAC aftermarket across Government and transportation industry as these sectors require the HVAC units to be operated almost 24*7.
Q. Who are the key competitors or players operating in UAE HVAC After Market?
A. Carrier, Aftron, Trane, Daiken, LG, Mitsubishi, and a few others are the leading players in the UAE HVAC After-Market.
Q. Does the report scope cover Emirates wise market statistics also?
A. Yes, the scope of the report encompass detailed Emirates wise statistics such as market size, market segmentation, market overview based on various subcategories.
Q. Which Type segment would emerge as an opportunity area for players in UAE HVAC After-Market?
A. The HVAC spare parts & retrofit segment captured a considerable market share in the UAE HVAC aftermarket in 2019.
1.1. Product Definition
1.2. Research Process
1.4. Market Segmentation
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Macro-Economic Indicators
5. UAE HVAC After-Market Analysis, 2015-2025F
5.1. Market Size & Analysis
5.1.1. Market Revenues
5.2. Market Share & Analysis
5.2.1. By Type
22.214.171.124. Spare parts & Retrofit
5.2.2. By End User
126.96.36.199. Commercial & Retail
188.8.131.52. Government & Transportation
184.108.40.206. Oil & Gas
5.2.3. By Emirates
220.127.116.11. Abu Dhabi & Al Ain
18.104.22.168. Sharjah & Northern Emirates
5.2.4.By Company (Leading Players in Window AC, Hi-Wall Split AC, Other Splits, VRF, Chillers, Ducted Split AC, Packaged AC)
5.2.5.Type of Services (Facility Management Vs. Others)