The MEA HVAC system market is expected to grow from US$ 15,234.42 million in 2022 to US$ 24,901.11 million by 2028; it is estimated to grow at a CAGR of 8.5% from 2022 to 2028.

Need for Replacement of Traditional HVAC Systems with Newer HVAC Systems

A traditional HVAC system is a split system with units both inside and outside the premises. The furnace is often located in a basement or garage. The air conditioner’s condenser unit cools off the refrigerant gas that cools down the air in the evaporator within the furnace unit outside the premise. Outside units produce a lot of noise, while indoor units are mostly low on noise. These older systems have less energy efficiency, and they generate and contribute to the emission of greenhouse gases due to the use of components with old standards in the system. They also need frequent maintenance, increasing the overhead costs. Modern ductless HVAC systems, also known as mini splits, are built to function without ducts. They are made up of an exterior unit connected to an air conditioner or heat pump with a tiny fan coil. These systems are typically more expensive to install initially, but as they are usually more energy-efficient, they compensate for initial high installation costs in very less time. As a result of these systems’ zone-based functionality, individual units are deployed in various parts of the premise and used to regulate the temperature. These newer systems save and conserve energy by heating and cooling only the areas of premises that are in use. There is much less possibility of air pollution with ductless HVAC systems than with traditional ones. There is ductwork in traditional HVAC systems to hold a build-up of impurities that spread throughout the building. Since there is no ductwork in newer ones, there is no potential for leaks that could lead to energy loss. Such benefits provided by newer HVAC systems are creating the need for replacing traditional ones, eventually creating opportunities for the HVAC system market players.

Market Overview

The Middle East & Africa (MEA) is gradually witnessing a high growth potential for the HVAC system market. The regulations formed by the governments in Middle Eastern countries in accordance with energy efficiency and the preference for eco-friendly refrigerants which are the least detrimental to the environment increase the need for HVAC systems as these HVAC systems use eco-friendly refrigerants for energy efficiency in regions such as the South Africa, Saudi Arabia, and UAE. Extreme weather conditions, growth in infrastructure/urban development projects, increasing population are some of the few factors that will impede global as well regional players to invest in MEA HVAC system market. Several construction projects and rising number of global events are encouraging global players to invest in the market. For example, events such as FIFA World Cup 2022, “Dubai Expo 2020” and “Dubai 2022 Winter Olympics” have stimulated big companies and government agencies to build new age shopping centers, hospitals, hotels, airports, apartments and others. Some of the major HVAC regulations dominant in the MEA region are Arab Energy Efficiency Building Regulations, LEED (Leadership in Energy & Environmental Design) certification, and GCC Standardization Council (GSO). Moreover, Carrier Middle East shows latest HVAC solutions for more sustainable residential and commercial buildings in 2022. Measures taken by the major players in the market are boosting the demand for HVAC system in MEA.

MEA HVAC System Market Revenue and Forecast to 2028 (US$ Million)

MEA HVAC System Market Segmentation

The MEA HVAC system market is segmented based on component, type, implementation, application, and country.

Based on component, the MEA HVAC system market is segmented into thermostat, air handling units, central ACs, furnace, heat pump, compressor, and others. Central ACs segment held the largest market share in 2022.

Based on type, the MEA HVAC system market is segmented into split system, ductless system, and packaged system. Split system segment dominated the market in 2022.

Based on implementation, the MEA HVAC system market is bifurcated into new installation and retrofit. New installation segment held the larger market share in 2022.

Based on application, the MEA HVAC system market is segmented into residential, commercial, and industrial. Residential segment dominated the market in 2022.

Based on country, the MEA HVAC system market is segmented into the UAE, Saudi Arabia, South Africa, and rest of MEA. Saudi Arabia dominated the market in 2022.

Carrier Global Corporation; Daikin Industries, Ltd.; Emerson Electric Co.; EVAPCO, Inc.; Honeywell International Inc.; Johnson Controls, Inc.; Lennox International Inc.; LG Electronics; Rheem Manufacturing Company; and Trane are among the leading companies in the MEA HVAC system market.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA HVAC System Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. MEA HVAC System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Demand for Energy-efficient Solutions
5.1.2 Development of Smart HVAC System
5.2 Key Market Restraints
5.2.1 Lack of Skilled Technical Workforce
5.3 Key Market Opportunities
5.3.1 Need for Replacement of Traditional HVAC Systems with Newer HVAC Systems
5.4 Future Trends
5.4.1 Integration of IoT into HVAC Systems
5.5 Impact Analysis of Drivers and Restraints
6. HVAC System Market – MEA Analysis
6.1 MEA HVAC System Market Overview
6.2 MEA HVAC System Market Revenue Forecast and Analysis
6.3 MEA HVAC System Market Volume Forecast and Analysis
7. MEA HVAC System Market Analysis – By Component
7.1 Overview
7.2 MEA HVAC System Market, by Component (2021 and 2028)
7.3 Thermostat
7.3.1 Overview
7.3.2 Thermostat: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Air Handling Units
7.4.1 Overview
7.4.2 Air Handling Units: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Central ACs
7.5.1 Overview
7.5.2 Central ACs: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
7.6 Furnace
7.6.1 Overview
7.6.2 Furnace: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
7.7 Heat Pump
7.7.1 Overview
7.7.2 Heat Pump: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
7.8 Compressor
7.8.1 Overview
7.8.2 Compressor: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
7.9 Others
7.9.1 Overview
7.9.2 Others: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
8. MEA HVAC System Market Analysis – By Type
8.1 Overview
8.2 MEA HVAC System Market, By Type (2021 and 2028)
8.3 Split System
8.3.1 Overview
8.3.2 Split System: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
8.4 Ductless System
8.4.1 Overview
8.4.2 Ductless System: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
8.5 Packaged System
8.5.1 Overview
8.5.2 Packaged System: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
9. MEA HVAC System Market Analysis – By Implementation
9.1 Overview
9.2 MEA HVAC System Market, By Implementation (2021 and 2028)
9.3 New Installation
9.3.1 Overview
9.3.2 New Installation: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
9.4 Retrofit
9.4.1 Overview
9.4.2 Retrofit: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
10. MEA HVAC System Market Analysis – By Application
10.1 Overview
10.2 MEA HVAC System Market, By Application (2021 and 2028)
10.3 Residential
10.3.1 Overview
10.3.2 Residential: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
10.3.3 Residential: HVAC System Market Volume and Forecast to 2028 (Thousand Units)
10.4 Commercial
10.4.1 Overview
10.4.2 Commercial: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
10.4.3 Commercial: HVAC System Market Volume and Forecast to 2028 (Thousand Units)
10.5 Industrial
10.5.1 Overview
10.5.2 Industrial: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
10.5.3 Industrial: HVAC System Market Volume and Forecast to 2028 (Thousand Units)
11. MEA HVAC System Market – Country Analysis
11.1 Overview
11.1.1 MEA HVAC System Market Breakdown, By Country
11.1.1.1 Saudi Arabia HVAC System Market, Revenue and Forecast to 2028 (US$ million)
11.1.1.1.1 Saudi Arabia HVAC System Market Breakdown, by Component
11.1.1.1.2 Saudi Arabia HVAC System Market Breakdown, by Type
11.1.1.1.3 Saudi Arabia HVAC System Market Breakdown, by Implementation
11.1.1.1.4 Saudi Arabia HVAC System Market Breakdown, by Application
11.1.1.1.5 Saudi Arabia HVAC System Market Breakdown, by Application (Volume)
11.1.1.2 UAE HVAC System Market, Revenue and Forecast to 2028 (US$ million)
11.1.1.2.1 UAE HVAC System Market Breakdown, by Component
11.1.1.2.2 UAE HVAC System Market Breakdown, by Type
11.1.1.2.3 UAE HVAC System Market Breakdown, by Implementation
11.1.1.2.4 UAE HVAC System Market Breakdown, by Application
11.1.1.2.5 UAE HVAC System Market Breakdown, by Application (Volume)
11.1.1.3 South Africa HVAC System Market, Revenue and Forecast to 2028 (US$ million)
11.1.1.3.1 South Africa HVAC System Market Breakdown, by Component
11.1.1.3.2 South Africa HVAC System Market Breakdown, by Type
11.1.1.3.3 South Africa HVAC System Market Breakdown, by Implementation
11.1.1.3.4 South Africa HVAC System Market Breakdown, by Application
11.1.1.3.5 South Africa HVAC System Market Breakdown, by Application (Volume)
11.1.1.4 Rest of MEA HVAC System Market, Revenue and Forecast to 2028 (US$ million)
11.1.1.4.1 Rest of MEA HVAC System Market Breakdown, by Component
11.1.1.4.2 Rest of MEA HVAC System Market Breakdown, by Type
11.1.1.4.3 Rest of MEA HVAC System Market Breakdown, by Implementation
11.1.1.4.4 Rest of MEA HVAC System Market Breakdown, by Application
11.1.1.4.5 Rest of MEA HVAC System Market Breakdown, by Application (Volume)
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 Merger and Acquisition
12.4 New Development
13. Company Profiles
13.1 Daikin Industries, Ltd.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Emerson Electric Co.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Honeywell International Inc.
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Johnson Controls, Inc.
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 LG Electronics
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Carrier Global Corporation
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Lennox International Inc.
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Service
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Trane
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 EVAPCO, Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Rheem Manufacturing Company
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index

LIST OF TABLES

Table 1.             MEA HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Table 2.             MEA HVAC System Market Revenue and Forecast to 2028 (Thousand Units)
Table 3.             Saudi Arabia HVAC System Market, Revenue and Forecast to 2028 – by Component (US$ million)
Table 4.             Saudi Arabia HVAC System Market, Revenue and Forecast to 2028 – by Type (US$ million)
Table 5.             Saudi Arabia HVAC System Market, Revenue and Forecast to 2028 – by Implementation (US$ million)
Table 6.             Saudi Arabia HVAC System Market, Revenue and Forecast to 2028 – by Application (US$ million)
Table 7.             Saudi Arabia HVAC System Market, Revenue and Forecast to 2028 – by Application (Volume) (Thousand Units)
Table 8.             UAE HVAC System Market, Revenue and Forecast to 2028 – by Component (US$ million)
Table 9.             UAE HVAC System Market, Revenue and Forecast to 2028 – by Type (US$ million)
Table 10.          UAE HVAC System Market, Revenue and Forecast to 2028 – by Implementation (US$ million)
Table 11.          UAE HVAC System Market, Revenue and Forecast to 2028 – by Implementation (US$ million)
Table 12.          UAE HVAC System Market, Revenue and Forecast to 2028 – by Application (Volume) (Thousand Units)
Table 13.          South Africa HVAC System Market, Revenue and Forecast to 2028 – by Component (US$ million)
Table 14.          South Africa HVAC System Market, Revenue and Forecast to 2028 – by Type (US$ million)
Table 15.          South Africa HVAC System Market, Revenue and Forecast to 2028 – by Implementation (US$ million)
Table 16.          South Africa HVAC System Market, Revenue and Forecast to 2028 – by Implementation (US$ million)
Table 17.          South Africa HVAC System Market, Revenue and Forecast to 2028 – by Application (Volume) (Thousand Units)
Table 18.          Rest of MEA HVAC System Market, Revenue and Forecast to 2028 – by Component (US$ million)
Table 19.          Rest of MEA HVAC System Market, Revenue and Forecast to 2028 – by Type (US$ million)
Table 20.          Rest of MEA HVAC System Market, Revenue and Forecast to 2028 – by Implementation (US$ million)
Table 21.          Rest of MEA HVAC System Market, Revenue and Forecast to 2028 – by Implementation (US$ million)
Table 22.          Rest of MEA HVAC System Market, Revenue and Forecast to 2028 – by Application (Volume) (Thousand Units)
Table 23.          List of Abbreviation
 
 

LIST OF FIGURES

Figure 1.           MEA HVAC System Market Segmentation
Figure 2.           MEA HVAC System Market Segmentation – By Country
Figure 3.           MEA HVAC System Market Overview
Figure 4.           MEA HVAC System Market, by Application
Figure 5.           MEA HVAC System Market, by Country
Figure 6.           MEA – PEST Analysis
Figure 7.           MEA HVAC System Market- Ecosystem Analysis
Figure 8.           MEA HVAC System Market: Impact Analysis of Drivers and Restraints
Figure 9.           MEA HVAC System Market Revenue Forecast and Analysis (US$ Million)
Figure 10.        MEA HVAC System Market Revenue Forecast and Analysis (Thousand Units)
Figure 11.        MEA HVAC System Market Revenue Share, by Component (2021 and 2028)
Figure 12.        MEA Thermostat: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 13.        MEA Air Handling Units: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14.        MEA Central ACs: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15.        MEA Furnace: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16.        MEA Heat Pump: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17.        MEA Compressor: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18.        MEA Others: HVAC System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19.        MEA HVAC System Market, By Type (2021 and 2028)
Figure 20.        MEA Split System: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Figure 21.        MEA Ductless System: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Figure 22.        MEA Packaged System: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Figure 23.        MEA HVAC System Market, By Implementation (2021 and 2028)
Figure 24.        MEA New Installation: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Figure 25.        MEA Retrofit: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Figure 26.        MEA HVAC System Market, By Application (2021 and 2028)
Figure 27.        MEA Residential: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Figure 28.        MEA Residential: HVAC System Market Volume and Forecast to 2028 (Thousand Units)
Figure 29.        MEA Commercial: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Figure 30.        MEA Commercial: HVAC System Market Volume and Forecast to 2028 (Thousand Units)
Figure 31.        MEA Industrial: HVAC System Market Revenue and Forecast to 2028 (US$ Million)
Figure 32.        MEA Industrial: HVAC System Market Volume and Forecast to 2028 (Thousand Units)
Figure 33.        MEA HVAC System Market, by Key Country – Revenue (2021) (US$ Million)
Figure 34.        MEA HVAC System Market Breakdown, By Country, 2021 & 2028 (%)
Figure 35.        Saudi Arabia HVAC System Market, Revenue and Forecast To 2028 (US$ million)
Figure 36.        Saudi Arabia: HVAC System Market – Volume and Forecast to 2028 (Thousand Units)
Figure 37.        UAE HVAC System Market, Revenue and Forecast To 2028 (US$ million)
Figure 38.        UAE: HVAC System Market – Volume and Forecast to 2028 (Thousand Units)
Figure 39.        South Africa HVAC System Market, Revenue and Forecast To 2028 (US$ million)
Figure 40.        South Africa: HVAC System Market – Volume and Forecast to 2028 (Thousand Units)
Figure 41.        Rest of MEA HVAC System Market, Revenue and Forecast To 2028 (US$ million)
Figure 42.        Rest of MEA: HVAC System Market – Volume and Forecast to 2028 (Thousand Units)

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

The List of Companies – Middle East & Africa HVAC System Market

● Carrier Global Corporation
● Daikin Industries, Ltd.
● Emerson Electric Co.
● EVAPCO, Inc.
● Honeywell International Inc.
● Johnson Controls, Inc.    
● Lennox International Inc.
● LG Electronics     
● Rheem Manufacturing Company
● Trane