Middle East & Africa Chillers Market Forecast to 2030

Middle East & Africa Chillers Market Forecast to 2030 – Regional Analysis – by Technology (Air-Cooled, Water-Cooled, and Steam-Fired), Type (Process Chillers, Scroll Chillers, Screw Chillers, Centrifugal Chillers, Absorption Chillers, Modular Chillers, and Reverse Cycle Chillers), and Application (Commercial, Industrial, and Residential)

Send Enquiry

$2,840$4,440

Description

The Middle East & Africa chillers market is expected to grow from US$ 361.99 million in 2022 to US$ 444.84 million by 2030. It is estimated to register a CAGR of 2.6% from 2022 to 2030.

Rising Demand from Various Industries Fuels Middle East & Africa Chillers Market

HVAC chillers play a crucial role in maintaining the required temperature of any space, machinery, or equipment. HVAC chillers remove the heat and transfer it somewhere else. These chillers can be utilized in numerous residential spaces, for example small to large size rooms, garages, basements, and crawlspaces. Popularity of HVAC chillers is increasing owing to various advantages such a portability, convenience, and quick and easy maintenance. Moreover, the adoption of HVAC chillers is rising in restaurants, hotels, kitchens, and dining rooms to handle the concerns regarding temperature levels. Other industry verticals where these chillers are used are rubber, petrochemicals, medical, plastic, commercial office buildings, sports venues, and others. Growing aviation sector and increasing count of new commercial construction buildings drives the demand for respective chillers. Thus, demand for respective chillers is also expected to increase. Screw chillers are vapor compressor chillers that make use of a screw compressor for transporting the coolant through the system. These chillers are suitable for high rise buildings considering quiet operation, compact installation, high energy efficiency and lower maintenance costs. With growing real estate sector all over the world, requirement for screw chillers is forecasted to increase remarkably.

Middle East & Africa Chillers Market Overview

Saudi Arabia, South Africa, and the UAE are among the major contributors to the Chillers market in the Middle East & Africa. Saudi Arabia, Iraq, the UAE, Iran, and Kuwait are the top 5 revenue economies in the region. The proliferation of the construction industry, with a prime focus on hotels and restaurants, is a major factor driving the Chillers market growth in the Middle East & Africa. Extreme weather conditions, increasing population, growth in infrastructure/urban development projects, and escalating food industry operations are other key factors encouraging the global as well regional players to invest in the HVAC business in the Middle East and Africa. Moreover, strict government regulations, encouraging the adoption of energy-efficient systems, is likely to support the Chiller market growth in the coming years. The Vision 2021 of the UAE government opened new avenues for the Chillers market to introduce energy efficient systems consuming less energy. The adoption of energy-efficient systems is very crucial to curb the levels of CO2 emissions and reduce the impact of global warming. In 2017, Saudi Arabia’s custom team seized 759,000 products for violating the standards of Saudi Energy Efficiency Center. Such strict government regulations promote the adoption of energy-efficient HVAC chiller in MEA. The Leadership in Energy & Environmental Design (LEED) certification, Arab Energy Efficiency Building Regulations, and GCC Standardization Council (GSO) are among the major HVAC-related regulations in the MEA. The Chiller market in the region is also expected to grow with the flourishment of industrial, commercial, and construction sectors. The increasing research and development activities of major players, and rising construction of green building projects, such as King Abdullah Financial District (KAFD) in Saudi Arabia, which is a new financial hub in the country, are providing additional push to the Chillers market. Recently, the Iraq-based team of Trane completed a centrifugal chiller overhauling and commissioning project at the Central Children’s Hospital in Iraq; the company also supplied eight chillers with total capacity 2,500 RT for the new Kirkuk governorate building.

Middle East & Africa Chillers Market Revenue and Forecast to 2030 (US$ Million)

Middle East & Africa Chillers Market Segmentation

The Middle East & Africa chillers market is segmented into technology, type, application, and country.

Based on technology, the Middle East & Africa chillers market is segmented into air-cooled, water-cooled, and steam-fired. The air-cooled segment held the largest share of the Middle East & Africa chillers market in 2022.

In terms of type, the Middle East & Africa chillers market is segmented into process chillers, scroll chillers, screw chillers, centrifugal chillers, absorption chillers, modular chillers, and reverse cycle chillers. The screw chillers segment held the largest share of the Middle East & Africa chillers market in 2022.

Based on application, the Europe chillers market is segmented into industrial, commercial, and residential. The industrial segment held the largest share of the Europe chillers market in 2022.

Based on country, the Middle East & Africa chillers market is segmented into South Africa, the UAE, Saudi Arabia, and the Rest of Middle East & Africa. The Rest of Middle East & Africa dominated the Middle East & Africa chillers market in 2022.

Africa LG Electronics Inc, Mitsubishi Electric Corp, Carrier Global Corp, Daikin Industries Ltd, Thermal Care, Inc, Trane Inc, Kaltra, SKM Air Conditioning, and Airedale International Air Conditioning Ltd are some of the leading companies operating in the Middle East & Africa chillers market.

Summary Info

Industry:

Pricing options:

, ,

Geographical coverage:

,

Year of Publication:

At 2.6% CAGR, Middle East & Africa Chillers Market is Speculated to be Worth US$ 444.84 Million by 2030, says the Research Team

According to the Research Team research, the Middle East & Africa chillers market was valued at US$ 361.99 million in 2022 and is expected to reach US$ 444.84 million by 2030, registering a CAGR of 2.6% from 2022 to 2030. Rising demand from various industries, increasing number of data centers, and development of IoT enabled HVAC chillers are among the critical factors attributed to the Middle East & Africa chillers market expansion.

The initial stage of the IoT revolution is on the horizon, and IoT is making its mark on the heat, ventilation, and air conditioning (HVAC) industry. IoT enabled HVAC products are helping many customers to maximize the efficiency of their HVAC systems. People in smart cities are transforming their houses into smart homes with latest technologies and devices. The crucial reason behind the adoption of advanced technology in developed countries is the strong economic condition along with supportive infrastructure. In short period of time, HVAC chillers will be able to fine-tune and make changes in settings for themselves, with lesser or no human input at all. In simple words, HVAC chillers will be able to make the required judgment as per the specific condition on their own. TCS is helping Voltas in developing a remote chiller monitoring system which will be able to prevent the chiller breakdowns. Intel deployed their IoT gateway, TCS made use of their IoT framework and Voltas leveraged their chiller expertise for jointly developing a centralized system which can monitor chillers remotely across distinct country. End to end solutions from TCS helps in diagnosing the real-time health of the chillers via live dashboard, identifying anomalies in the equipment parameters and raise notifications and alerts for the respective field engineer and predict failures in equipment for proactive maintenance.

On the contrary, less efficiency in humid environment and high maintenance cost hamper the Middle East & Africa chillers market.

Based on technology, the Middle East & Africa chillers market is segmented into air-cooled, water-cooled, and steam-fired. The air-cooled segment held 52.1% share of Middle East & Africa chillers market in 2022, amassing US$ 188.77 million. It is projected to garner US$ 223.51 million by 2030 to expand at 2.1% CAGR during 2022-2030.

In terms of type, the Middle East & Africa chillers market is categorized into process chillers, scroll chillers, screw chillers, centrifugal chillers, absorption chillers, modular chillers, and reverse cycle chillers. The screw chillers segment held 39.0% share of Middle East & Africa chillers market in 2022, amassing US$ 141.29 million. It is projected to garner US$ 180.83 million by 2030 to expand at 3.1% CAGR during 2022-2030.

Based on application, the Middle East & Africa chillers market is segmented into industrial, commercial, and residential. The industrial segment held 48.6% share of Middle East & Africa chillers market in 2022, amassing US$ 176.06 million. It is projected to garner US$ 205.43 million by 2030 to expand at 1.9% CAGR during 2022-2030.

By country, the Middle East & Africa chillers market has been categorized into South Africa, the UAE, Saudi Arabia, and Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 29.8% share of Middle East & Africa chillers market in 2022. It was assessed at US$ 107.82 million in 2022 and is likely to hit US$ 134.20 million by 2030, exhibiting a CAGR of 2.8% during 2022-2030.

Key players operating in the Middle East & Africa chillers market are LG Electronics Inc, Mitsubishi Electric Corp, Carrier Global Corp, Daikin Industries Ltd, Thermal Care, Inc, Trane Inc, Kaltra, SKM Air Conditioning, and Airedale International Air Conditioning Ltd, among others.

In Apr 2021, rapidly expanding refrigeration and air conditioning wholesaler, TF Solutions, is stocking Mitsubishi Electric products in all its branches. These products include e-series chillers, heat pumps, air handling units etc.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa chillers market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in Middle East & Africa chillers market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Middle East & Africa Chillers Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 MEA
4.3 Ecosystem Analysis
5. Middle East & Africa Chillers Market – Key Industry Dynamics
5.1 Chillers Market – Key Industry Dynamics
5.2 Market Drivers
5.2.1 Rising Demand from Various Industries
5.2.2 Increasing Number of Data Centres to Boost Market Growth
5.3 Market Restraints
5.3.1 Less Efficiency in Humid Environment and High Maintenance Cost
5.4 Market Opportunities
5.4.1 Economic Growth in Developing Countries Across the World
5.5 Future Trends
5.5.1 Development of IoT enabled HVAC Chillers
5.6 Impact of Drivers and Restraints:
6. Chillers Market – Middle East & Africa Market Analysis
6.1 Chillers Market Revenue (US$ Million), 2022 – 2030
6.2 Chillers Market Forecast and Analysis
7. Middle East & Africa Chillers Market Analysis – Technology
7.1 Overview
7.1.1 Chillers Market , By Technology (2022 and 2030)
7.2 Air-Cooled
7.2.1 Overview
7.2.2 Middle East & Africa Air-Cooled Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Water-Cooled
7.3.1 Overview
7.3.2 Middle East & Africa Water-Cooled Market, Revenue and Forecast to 2030 (US$ Million)
7.4 Steam-Fired
7.4.1 Overview
7.4.2 Middle East & Africa Steam-Fired Market Revenue and Forecast to 2030 (US$ Million)
8. Middle East & Africa Chillers Market Analysis – Type
8.1 Overview
8.1.1 Middle East & Africa Chillers Market , By Type (2022 and 2030)
8.2 Process Chillers
8.2.1 Overview
8.2.2 Middle East & Africa Process Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.3 Scroll Chillers
8.3.1 Overview
8.3.2 Middle East & Africa Scroll Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.4 Screw Chillers
8.4.1 Overview
8.4.2 Middle East & Africa Screw Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.5 Centrifugal Chillers
8.5.1 Overview
8.5.2 Middle East & Africa Centrifugal Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.6 Absorption Chillers
8.6.1 Overview
8.6.2 Middle East & Africa Absorption Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.7 Modular Chillers
8.7.1 Overview
8.7.2 Modular Chillers Market Revenue, and Forecast to 2030 (US$ Million)
8.8 Reverse Cycle Chillers
8.8.1 Overview
8.8.2 Middle East & Africa Reverse Cycle Chillers Market Revenue, and Forecast to 2030 (US$ Million)
9. Middle East & Africa Chillers Market Analysis – Application
9.1 Overview
9.1.1 Middle East & Africa Chillers Market , By Application (2022 and 2030)
9.2 Commercial
9.2.1 Overview
9.2.2 Middle East & Africa Commercial Market Revenue, and Forecast to 2030 (US$ Million)
9.3 Industrial
9.3.1 Overview
9.3.2 Middle East & Africa Industrial Market Revenue, and Forecast to 2030 (US$ Million)
9.4 Residential
9.4.1 Overview
9.4.2 Middle East & Africa Residential Market Revenue, and Forecast to 2030 (US$ Million)
10. Middle East & Africa Chillers Market – Country Analysis
10.1 Middle East & Africa
10.1.1 Overview
10.1.2 Middle East & Africa Chillers Market, By Key Country – Revenue 2022 (US$ Mn)
10.1.3 Middle East & Africa Chillers Market Revenue and Forecasts and Analysis – By Country
10.1.3.1 Middle East & Africa Chillers Market Revenue and Forecasts and Analysis – By Country
10.1.3.2 South Africa Chillers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.2.1 South Africa Chillers Market Breakdown by Technology
10.1.3.2.2 South Africa Chillers Market Breakdown by Type
10.1.3.2.3 South Africa Chillers Market Breakdown by Application
10.1.3.3 Saudi Arabia Chillers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.3.1 Saudi Arabia Chillers Market Breakdown by Technology
10.1.3.3.2 Saudi Arabia Chillers Market Breakdown by Type
10.1.3.3.3 Saudi Arabia Chillers Market Breakdown by Application
10.1.3.4 UAE Chillers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.4.1 UAE Chillers Market Breakdown by Technology
10.1.3.4.2 UAE Chillers Market Breakdown by Type
10.1.3.4.3 UAE Chillers Market Breakdown by Application
10.1.3.5 Rest of Middle East & Africa Chillers Market Revenue and Forecasts to 2030 (US$ Mn)
10.1.3.5.1 Rest of Middle East & Africa Chillers Market Breakdown by Technology
10.1.3.5.2 Rest of Middle East & Africa Chillers Market Breakdown by Type
10.1.3.5.3 Rest of Middle East & Africa Chillers Market Breakdown by Application
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Product Development
12. Company Profiles
12.1 LG Electronics Inc
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Mitsubishi Electric Corp
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Carrier Global Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Daikin Industries Ltd
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Thermal Care, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Trane Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Kaltra
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 SKM Air Conditioning
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Airedale International Air Conditioning Ltd
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
13. Appendix
13.1 About the Research Team

LIST OF TABLES

Table 1. Middle East & Africa Chillers Market Segmentation
Table 2. Chillers Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Middle East & Africa Chillers Market Revenue and Forecasts To 2030 (US$ Million) – Technology
Table 4. Middle East & Africa Chillers Market Revenue and Forecasts To 2030 (US$ Million) – Type
Table 5. Middle East & Africa Chillers Market Revenue and Forecasts To 2030 (US$ Million) – Application
Table 6. Middle East & Africa Chillers Market Revenue and Forecasts To 2030 (US$ Mn) – By Country
Table 7. South Africa Chillers Market Revenue And Forecasts To 2030 (US$ Mn) – Technology
Table 8. South Africa Chillers Market Revenue And Forecasts To 2030 (US$ Mn) – Type
Table 9. South Africa Chillers Market Revenue And Forecasts To 2030 (US$ Mn) – Application
Table 10. Saudi Arabia Chillers Market Revenue And Forecasts To 2030 (US$ Mn) – Technology
Table 11. Saudi Arabia Chillers Market Revenue And Forecasts To 2030 (US$ Mn) – Type
Table 12. Saudi Arabia Chillers Market Revenue And Forecasts To 2030 (US$ Mn) – Application
Table 13. UAE Chillers Market Revenue And Forecasts To 2030 (US$ Mn) – Technology
Table 14. UAE Chillers Market Revenue And Forecasts To 2030 (US$ Mn) – Type
Table 15. UAE Chillers Market Revenue And Forecasts To 2030 (US$ Mn) – Application
Table 16. Rest of Middle East & Africa Chillers Market Revenue And Forecasts To 2030 (US$ Mn) – Technology
Table 17. Rest of Middle East & Africa Chillers Market Revenue And Forecasts To 2030 (US$ Mn) – Type
Table 18. Rest of Middle East & Africa Chillers Market Revenue And Forecasts To 2030 (US$ Mn) – Application

LIST OF FIGURES

Figure 1. Middle East & Africa Chillers Market Segmentation, By Country
Figure 2. PEST Analysis
Figure 3. Ecosystem: Chillers Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Chillers Market Revenue (US$ Million), 2022 – 2030
Figure 6. Middle East & Africa Chillers Market Share (%) – Technology, 2022 and 2030
Figure 7. Air-Cooled Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Water-Cooled Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Steam-Fired Market Revenue and Forecasts To 2030 (US$ Million)
Figure 10. Middle East & Africa Chillers Market Share (%) – Type, 2022 and 2030
Figure 11. Process Chillers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Scroll Chillers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 13. Screw Chillers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Centrifugal Chillers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Absorption Chillers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 16. Modular Chillers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Reverse Cycle Chillers Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Middle East & Africa Chillers Market , By Application (2022 and 2030)
Figure 19. Commercial Market Revenue and Forecasts To 2030 (US$ Million)
Figure 20. Industrial Market Revenue and Forecasts To 2030 (US$ Million)
Figure 21. Residential Market Revenue and Forecasts To 2030 (US$ Million)
Figure 22. Chillers Market, By Key Country – Revenue 2022 (US$ Mn)
Figure 23. Chillers Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 24. South Africa Chillers Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 25. Saudi Arabia Chillers Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 26. UAE Chillers Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 27. Rest of Middle East & Africa Chillers Market Revenue and Forecasts To 2030 (US$ Mn)

The List of Companies – Middle East & Africa Chillers Market

1. LG Electronics Inc
2. Mitsubishi Electric Corp
3. Carrier Global Corp
4. Daikin Industries Ltd
5. Thermal Care, Inc.
6. Trane Inc.
7. Kaltra
8. SKM Air Conditioning
9. Airedale International Air Conditioning Ltd

Reviews

There are no reviews yet.

Be the first to review “Middle East & Africa Chillers Market Forecast to 2030”