Middle East And Africa Commercial HVAC Market Size (2024 - 2029)

Middle East And Africa Commercial HVAC Market Analysis

The Middle East & Africa Commercial HVAC Market size is estimated at USD 1.09 billion in 2024, and is expected to reach USD 1.60 billion by 2029, growing at a CAGR of 7.90% during the forecast period (2024-2029).

• Due to rising temperatures and humidity levels in the region, there is a growing need for air conditioners and ventilation equipment. In addition, population growth, rising living standards, and the development of high-rise buildings, commercial spaces, shopping centers, and government institutions are propelling the market.
• The Middle East and Africa is known for its extreme weather conditions, with scorching hot summers and cold winters. HVAC systems play a crucial role in creating a comfortable and controlled indoor climate, protecting people and equipment from harsh weather. Because of their great potential for extreme temperatures, nations like Saudi Arabia, the United Arab Emirates, Qatar, and Egypt have an exceptionally high demand for HVAC equipment.
• The prevalent warm and hot climates across Africa are expected to create demand for air conditioning systems. Moreover, the efforts made by Africa to decrease carbon emissions and promote the implementation of energy-efficient solutions are anticipated to generate additional demand in the area throughout the projected timeframe.
• Moreover, increasing commercial building renovation projects in the region to make them more energy-efficient is significantly rising in the Middle East & Africa commercial market. This is because energy-efficient buildings can help reduce greenhouse gas emissions, lower energy bills for businesses, and improve indoor air quality, thus making them suitable for public health.
• For instance, in April 2024, Daikin announced that two air-cooled EWAD-C Series chillers were delivered. The R-134a refrigerant and Daikin single screw compressor units were selected to fulfill the cooling requirements of a mosque located in Al Ain, United Arab Emirates. The project's goal was to replace outdated chillers that were constantly breaking down because of leaks, malfunctioning compressors, and other important parts.
• Furthermore, in response to the continuous growth in commercial construction endeavors, numerous enterprises are making substantial investments in the Middle East and Africa. For instance, in July 2023, Lennox announced the expansion of its HVAC and refrigeration business in the Middle East and Africa market. This will entail expanding the company's distributor network throughout an increasing number of nations and offering a more targeted product portfolio for the area.
• Furthermore, the cost of labor, materials, and energy involved in the manufacture and installation of HVAC systems rises in tandem with inflation. This may result in higher HVAC installation costs and increased maintenance and repair expenses, which may cause some variations in the demand in the market.
• Moreover, macroeconomic factors such as government regulations in Middle Eastern countries will positively affect market growth. The government in the region is prioritizing energy-efficient and eco-friendly refrigerants to decrease energy consumption in the region, thus driving the demand for HVAC equipment and services. HVAC systems in countries like Saudi Arabia, South Africa, and the United Arab Emirates are increasingly using eco-friendly refrigerants to improve energy efficiency and reduce environmental impact.

Middle East And Africa Commercial HVAC Industry Segmentation

The report tracks the revenue accrued through the sale of commercial HVAC equipment and services by various players in the Middle East and Africa market. The report also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates between 2024 and 2029. The report’s scope encompasses market sizing and forecasts for the various market segments.

The Middle East and Africa Commercial HVAC market is segmented by type of component (HVAC equipment [heating equipment and air conditioning/ventilation equipment] and HVAC services), end user (hospitality, commercial buildings, public building, and others), and country (United Arab Emirates, Saudi Arabia, and South Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.