HVAC Market in GCC 2012-2016
- ID: 2603834
- July 2013
- 56 Pages
The analysts forecast the Heating, Ventilation, and Air Conditioning (HVAC) market in Gulf Cooperation Council (GCC) to grow at a CAGR of 7.43 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing number of construction activities. The HVAC market in GCC has also been witnessing the increasing use of energy-efficient HVAC systems. However, increasing competition from local vendors could pose a challenge to the growth of this market.
The report, the HVAC Market in GCC 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the HVAC market in GCC landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this space include Carrier Corp., Daikin Industries Ltd., Ingersoll Rand plc, Johnson Control Inc., and Zamil Industrial Investment Co.
The other vendors mentioned in the report are Dwyer Instruments Inc., LG Corp., Mitsubishi Electric Corp., Samsung Electronics Co. Ltd., and Voltas Ltd.
Key questions answered in this report:
- What will the market size be in 2016 and what will be the growth rate?
- What are key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by key vendors?
- What are the strengths and weaknesses of each of these key vendors?
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01. Executive Summary
02. List of Abbreviations
04. Market Research Methodology
Market Research Process
05. Scope of the Report
06. Market Landscape
06.1 Market Size and Forecast
06.2 End-user Segmentation
06.3 Residential HVAC Segment
Market Size and Forecast
06.4 Commercial HVAC Segment
Market Size and Forecast
06.5 Five Forces Analysis
07. Geographical Segmentation
08. Vendor Landscape
09. Buying Criteria
10. Market Growth Drivers
11. Drivers and their Impact
12. Market Challenges
13. Impact of Drivers and Challenges
14. Market Trends
15. Key Vendor Analysis
15.1 Carrier Corp.
15.2 Daikin Industries Ltd.
15.3 Ingersoll Rand plc
15.4 Johnson Controls Inc.
15.5 Zamil Industrial Investment Co.
16. Other Reports in this Series
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: HVAC market in GCC 2012-2016 (US$ million)
Exhibit 3: HVAC Market in GCC by End-user Segmentation 2012
Exhibit 4: Residential HVAC Segment in GCC 2012-2016 (US$ million)
Exhibit 5: Commercial HVAC Segment in GCC 2012-2016 (US$ million)
Exhibit 6: HVAC Market in GCC by Geographical Segmentation 2012
Exhibit 7: HVAC Market in GCC by Geographical Segmentation 2016
Exhibit 8: HVAC Market and Construction Market in GCC 2012-2016
Exhibit 9: HVAC Market in GCC by Geographical Segmentation 2012-2016
Exhibit 10: HVAC Market in Saudi Arabia 2012-2016 (US$ million)
Exhibit 11: HVAC Market, Construction Market, and Population Growth in Saudi Arabia 2012-2016
Exhibit 12: HVAC Market in UAE 2012-2016 (US$ million)
Exhibit 13: HVAC Market, Construction Market, and Population Growth in UAE 2012-2016
Exhibit 14: HVAC Market in Qatar 2012-2016 (US$ million)
Exhibit 15: HVAC Market and Construction Market in Qatar 2012-2016
Exhibit 16: HVAC Market in Kuwait 2012-2016 (US$ million)
Exhibit 17: HVAC Market, Construction Market, and PPP Growth in Kuwait 2012-2016
Exhibit 18: HVAC Market in Oman 2012-2016 (US$ million)
Exhibit 19: HVAC Market and Construction Market in Oman 2012-2016
Exhibit 20: HVAC Market in Bahrain 2012-2016 (US$ million)
Exhibit 21: HVAC Market and Construction Market in Bahrain 2012-2016
Exhibit 22: HVAC Market in GCC by Vendor Segmentation 2012
Commenting on the report, an analyst from the team said: “The HVAC market in GCC is witnessing the use of highly advanced and innovative technologies in the HVAC systems. The evaporative cooling is one such technology that has huge growth potential in GCC. Unlike traditional air conditioning systems, which work on vapor-compression technique, evaporating cooling works on the concept of water's large enthalpy of vaporization. This can easily be used in open spaces such as schools, factories, bus stops, sports grounds, and outdoor swimming pools. The factors leading to the growing use of this technology in GCC are the increasing awareness of cooling systems' effectiveness, increasing electricity costs, and low-energy consumption of air-cooling systems. Also, the increased consciousness of health and safety in workplaces requiring comfortable conditions in hotter industrial and construction environments has led to the increased use of advance and innovative technologies in GCC. In addition, other technologies such as VFDs and VRF are also being adopted by HVAC vendors in GGC to incorporate customized temperature control functions in their HVAC systems.”
According to the report, the HVAC market in GCC is driven by many growth factors, one of which is the increase in construction activities. This has driven the growth of the HVAC market in the GCC countries as the sale of HVAC equipment is highly correlated with construction activities. The rising demand for commercial and residential buildings is fuelling the growth of the HVAC market in GCC.
Further, the report states that the increasing competition from local vendors is one of the key challenges. The HVAC market in GCC is highly fragmented because of the presence of several local vendors. Global vendors are finding it difficult to maintain the market share and are losing it to local vendors.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Dwyer Instruments Inc., LG Corp., Mitsubishi Electric Corp., Samsung Electronics Co. Ltd., and Voltas Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
- Carrier Corp.
- Daikin Industries Ltd.
- Dwyer Instruments Inc.
- Ingersoll Rand plc
- Johnson Control Inc.
- LG Corp.
- Mitsubishi Electric Corp.
- Samsung Electronics Co. Ltd.
- Voltas Ltd.
- Zamil Industrial Investment Co.