saudi arabia hvac market size, share, growth & forecast 2025

SAUDI ARABIA HVAC MARKET BY TYPE, BY END USER, COMPETITION

FORECAST & OPPORTUNITIES

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

2013 – 2023

Published: May 2018

© TechSci Research2

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T a b l e o f C o n t e n t s

S. No.

1. Product Classification & Overview

2. Research Methodology

3. Executive Summary

4. Voice of Customer

4.1. Brand Awareness Level

4.2. Factors Influencing Purchase Decision

4.3. Brand Satisfaction Level

4.4. Challenges Faced Post Purchase

5. Global HVAC Market Overview

6. Saudi Arabia HVAC Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value & Volume

6.2. Market Share & Forecast

6.2.1. By Type (Direct Expansion Systems and Central HVAC Systems)

6.2.2. By End User (Residential, Commercial, Institutional and Industrial)

6.2.3. By Region

6.2.4. By Company

6.3. Market Attractiveness Index

6.3.1. By Type

6.3.2. By End User

6.3.3. By Region

7. Saudi Arabia Direct Expansion Systems Market Outlook




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7.2.1. By Type (Split, Window, Ductable Split, VRF, Cassette and Others)


7.2.3. By Company

7.3. Product Benchmarking Matrix

7.4. Competition Outlook (Current Market Scenario, Growth Prospects and Future Outlook)

8. Saudi Arabia Central HVAC Systems Market Outlook




8.2.1.By Type (Chillers, Boilers, Cooling Towers, Air Handling Units, Fan Coil Units, HVAC Control Systems and Others)


8.2.3. By Company

8.3. Competition Outlook (Current Market Scenario, Growth Prospects and Future Outlook)

9. Supply Chain Analysis

10. Import & Export Analysis

11. Market Dynamics

11.1. Drivers/Opportunities

11.2. Challenges/Restraints

12. Market Trends & Developments

13. Policy & Regulatory Landscape

14. Saudi Arabia Economic Profile


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15. Competitive Landscape

15.1. Competition Outlook

15.2. Company Profiles

15.2.1. Trane Inc.

15.2.2. Johnson Control International Plc (Al Salem York)

15.2.3. Toshiba Carrier Corporation

15.2.4. LG Shaker Co. Ltd.

15.2.5. Zamil Air Conditioners Holding Co. Ltd.

15.2.6. Gree Electrical Appliances Inc.

15.2.7. Samsung Electronics Co. Ltd.

15.2.8. Fujitsu Ltd.

15.2.9. Daikin Air Conditioning Saudi Arabia LLC

15.2.10. Midea Middle East

15.2.11. Haier Saudi Arabia

15.2.12. Hitachi Saudi Arabia, Ltd.

15.2.13. Petra Engineering Industries Co.

15.2.14. Heating and Air Conditioning Enterprises (HACE)

16. Strategic Recommendations

17. About Us & Disclaimer


Pro

duct

Overv

iew

P r o d u c t C l a s s i f i c a t i o n & O v e r v i e w

Heating, ventilation and air conditioning (HVAC) is a technology used to create a comfortable indoor environment with

acceptable indoor air quality and thermal comfort. HVAC is considered to be an important part of apartment buildings,

single family homes, hotels, medium and large offices, and industrial buildings. Primary function of HAVC is to provide

thermal comfort along with acceptable indoor air quality and reasonable maintenance cost.

HVAC system is used for both commercial and residential

purposes. HVAC system maintains a proper equilibrium

between the air pressure and space in the facility, as well

as provides proper air ventilation and improves air

filtration.

Type of HVAC Systems

Direct Expansion

HVAC Systems

Central HVAC

Systems

Direct Expansion HVAC Systems – A direct expansion HVAC system uses a refrigerant vapor expansion/

compression (RVEC) cycle, which directly cools the air supplied to the building.

Central HVAC Systems – It is a process of cooling air through a centralized dehumidifier unit, which further cools

the air before circulating it in the building. In this system, air is treated at a central location and is then carried to all

the rooms by a system of ducts.


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R e s e a r c h M e t h o d o l o g y

Information regarding

Saudi Arabia HVAC

market was gathered

through primary

research surveys

across various

manufacturers,

distributors and

retailers in the

country, followed by

exhaustive secondary

research.

Research

All the collected

information was then

validated through

multiple sources and

data warehouses in

order to present the

most accurate and

precise market

information about

Saudi Arabia HVAC

market.

Evaluation&

Validation

Various aspects of the

market were

comprehensively

monitored and

analyzed by the team

of industry experts.

TechSci Research

identified and analyzed

the emerging trends,

drivers and challenges

in the market.

Analysis

The analyzed

information was then

presented in

chronological order to

depict a meaningful

and clear picture of

Saudi Arabia HVAC

market.

Presentation


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Baseline Methodology

Our dedicated team of industry experts has monitored and analyzed different aspects of Saudi Arabia HVAC market.

The team has analyzed the outlook of various segments of this market and speculated a positive future for this

industry, while considering the major influencing factors such as increasing government spending on infrastructure,

rise in population, increasing disposable income of the consumers, change in lifestyle and growing tourism. The study

includes market forecasting, which would enable our clients to take better decisions while planning their strategies for

operating in Saudi Arabia HVAC market.

Methodology Followed for Calculation of Market Size:

Market Size by Value: Market size, in value terms, for 2017 was calculated through exhaustive primary surveys,

across various key opinion leaders such as Saudi Arabia HVAC manufacturers (both foreign and local), distributors,

importers, retailers, etc.

The team interviewed more than 20 suppliers, 120 distributors/dealers and 10 industry experts for obtaining the

market size during 2013-2017, using the Delphi technique. Taking standard deviation into consideration, market

size figures were averaged out to arrive at the market size figures for 2013 to 2017.



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Respondents were asked about the current and future growth rates, market share by company, by region as well

as sales channel. Removing the outlier responses, geometric mean of growth estimates and product wise revenue

shares generated across various applications was taken, to arrive at the final revenue shares. Revenue shares

generated across various application areas were further triangulated from distributors, retailers and other

stakeholders, depending on the usage of various products. Producers and suppliers were asked about average

selling prices of HVAC products of their respective companies.

Final average selling prices of HVAC products were deduced by taking weighted average, which was calculated by

taking into account their revenue contribution in the overall market and average selling prices of various products.

During the process, sales of best HVAC products sold by various suppliers and producers were also taken into

consideration.

Methodology Followed for Calculation of Market Shares:

Market share by company, by type, by end use sector and by region was calculated based on the responses

received through primary surveys with industry experts, in which respondents were asked about market share or

revenue generated from various type of HVAC systems. The final data was calculated by taking geometric mean of

the responses gathered from over 100 key opinion leaders, after eliminating the outliers.



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Methodology Followed for Forecasting:

TechSci Research performed periodical checks on the data collected through surveys with logic checks and

analyzed survey results in SPSS/Tableau Software and data generated through its proprietary database.

TechSci Research applied data triangulation technique to fill gaps and present a meaningful picture of the

market. In order to forecast Saudi Arabia HVAC market, TechSci Research used various forecast techniques such

as:

❖ Moving Average

❖ Time Series Analysis

❖ Regression analysis

❖ Econometric and Judgmental Analysis

TechSci Research used its own forecast tool, based on growth of various distribution channels in Saudi Arabia.

TechSci Research also used impact analysis during short, medium and long term to estimate the demand and

arrive at accurate market figures.


Partial List of Companies Interviewed

Trane Inc., Johnson Control International Plc (Al Salem York), Toshiba Carrier

Corporation, LG Shaker Co. Ltd., Zamil Air Conditioners Holding Co. Ltd., Gree

Electrical Appliances Inc., Samsung Electronics Co. Ltd., Fujitsu Ltd., Daikin Air

Conditioning Saudi Arabia LLC, Midea Middle East, Haier Saudi Arabia, Hitachi Saudi

Arabia, Ltd., Petra Engineering Industries Co., Heating and Air Conditioning

Enterprises (HACE) among Others

Secondary Sources

Company Annual Reports, Saudi Arabia Customs, Ministry of Civil Services of Saudi

Arabia, World Bank, Industry Magazines, Industry Reports, News Dailies, Electricity &

Cogeneration regulatory authority of Saudi Arabia, etc.


Str

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I N D U S T R Y B R I E F

According to TechSci Research report, “Saudi Arabia HVAC R Market By Region, Competition, Forecast & Opportunities, 2024”, Saudi

Arabia HVAC R market is projected to grow at a CAGR of around 11.9% during 2019-2024, on the back of increasing government initiatives

towards economic development. Another major factor expected to drive the market is the growing tourism industry, on account of increasing

number of religious tourists in Makkah and Madinah. Moreover, extreme climate conditions of the country, increasing demand for food &

beverages and growing building automation & control systems market would have a positive impact on the country’s HVAC R market.

By region, Saudi Arabia HVAC R market has been categorized into four regions namely Northern & Central, Western, Eastern and

Southern. Of these regions, Northern & Central region holds the leading position in the market and is expected to maintain its dominating

position during the forecast period, owing to population intensity and upcoming residential and commercial infrastructural projects in the

region. Demand for HVAC R would continue to increase during forecast period, owing to the recovering economy and growing travel &

tourism industry of Saudi Arabia. As the demand for HVAC R systems is increasing in Saudi Arabia, market players are expanding their

product portfolio and geographic reach. This is expected to boost competition in the market during the forecast period.

“Major factors contributing to the growth of Saudi Arabia HVAC R market are increasing number of construction and infrastructure projects,

rising demand for food & beverages and growing travel & tourism industry. Moreover, government initiatives towards reducing food wastage

are expected to propel the country’s HVAC R market over the course of next five years.”, said Mr. Karan Chechi, Research Director with

TechSci Research, a research based global management consulting firm.


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S A M P L E D A TA – S N A P S H O T

Saudi Arabia Central HVAC Systems Market Size, By Value (USD Million) & Volume (Thousand Unit), 2013–2023F

CAGR 2013-2017By Value: xx%

By Volume: xx%

CAGR 2018E-2023FBy Value: xx%

By Volume: xx%

2013 2014 2015 2016 2017 2018E 2019F 2020F 2021F 2022F 2023F

By Value (USD Million) By Volume (Thousand Unit)

Saudi Arabia HVAC Market Share, By Region, By Value, 2013-2023F

10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00% 10.00%

20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00% 20.00%

30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00% 30.00%

40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00% 40.00%

2013 2014 2015 2016 2017 2018E 2019F 2020F 2021F 2022F 2023F

Northern & Central Region Western Region Eastern Region Southern Region

2013 2014 2015 2016 2017 2018E 2019F 2020F 2021F 2022F 2023F

By Value (USD Million) By Volume (Thousand Unit)

Saudi Arabia Central HVAC Systems Market Size, By Value (USD Million) & Volume (Thousand Unit), 2013–2023F


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R E P O R T O R D E R I N G

REPORT NAME : SAUDI ARABIA HVAC MARKET BY TYPE, BY END USER,COMPETITION.

FORECAST & OPPORTUNITIES, 2013 – 2023

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A b o u t U s & D i s c l a i m e r

About Us

TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market

research reports in a number of areas to organizations. The company uses innovative business models that focus on improving productivity, while

ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic

variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the

detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.

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Partial List of Clients

Disclaimer

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which itconsiders reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsiblefor any errors or omissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to thesubscribers / users of this report. The information herein, together with all estimates and forecast, can change without notice. All the figures provided in thisdocument are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require priorapproval of TechSci Research.

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