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 per MarkNtel 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
Market Outlook, Segmentation, and Statistics
Frequently Asked Questions
A. The market size of UAE HVAC After-Market during 2020-25 is forecast to be around 3%.
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.
A. . Carrier, Aftron, Trane, Daiken, LG, Mitsubishi, and a few others are the leading players in the UAE HVAC After-Market.
A. Yes, the scope of the report encompass detailed Emirates wise statistics such as market size, market segmentation, market overview based on various subcategories.
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
18.104.22.168. Spare parts & Retrofit
5.2.2. By End User
22.214.171.124. Commercial & Retail
126.96.36.199. Government & Transportation
188.8.131.52. Oil & Gas
5.2.3. By Emirates
184.108.40.206. Abu Dhabi & Al Ain
220.127.116.11. 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)
18.104.22.168. HVAC Facility Management Market Revenues (2014-2024)
22.214.171.124. Revenue Share for Top Leading Facility Management Companies Managing HVAC Sector (2018), in Percentage
5.2.6. By Company (Aftermarket Services)
126.96.36.199. Competitor Wise Revenue Share
188.8.131.52. Strategic Factorial Indexing
184.108.40.206. Competitor Placement on MarkNtel Quadrant
6. UAE HVAC After-Market Attractive Indexing
6.1. By Type
6.2. By Emirates
6.3. By End Users
7. UAE HVAC After-Market Trends & Developments
8. UAE HVAC After-Market Dynamics
8.1. Impact Analysis
9. UAE HVAC After-Market SWOT Analysis, By Country
10. Consumer Survey
10.1. Voice of customers, By Residential and Non Residential Customer
10.1.1. Awareness on impact of HVAC on energy bill. (Aware/Not Aware)
10.1.2. Have they taken any steps to reduce energy wastage from HVAC side? (Yes/No) If yes, then what are these? If not, are they actively looking for solutions to save energy on HVAC side?
10.1.3. What would be acceptable levels of ROI for HVAC energy saving solutions? (valid for Nonresidential customers)
10.1.4. Top 5 Brand Preferences
10.1.4.1. Rate these Brands on the following factors: Quality Response, Service Professionalism, and Delivery Response-Fast/Slow & Overall Satisfaction.
11. Competitive benchmarking
11.1. Mapping top players on the basis of services offered & pricing