Saudi Arabia HVAC R Market By Region (Northern & Central, Western, Eastern and Southern), Competition, Forecast & Opportunities, 2014 - 2024

Saudi Arabia HVAC R Market Overview

The Saudi Arabian HVAC R market stood at $ 3.7 billion in 2018 and is projected to grow at a CAGR of 11.9% during 2019-2024 to reach $ 7.1 billion by 2024, owing to the growing demand from the residential building construction and tourism industries. Moreover, increasing need to reduce food wastage is expected to aid the refrigeration market in Saudi Arabia. To cater the increasing demand for HVAC R systems, the market players are expanding their product portfolio in the country.

Factors such as the increasing demand to reduce energy consumption and extreme climate conditions are anticipated to drive the Saudi Arabian HVAC R market. Additionally, growing urbanization rate in cities is resulting in the development of smart buildings, which require efficient HVAC R systems, thereby strengthening the demand for HVAC R systems in Saudi Arabia during forecast period.

Saudi Arabia HVAC Market Segment Insights

In terms of end-user, the Saudi Arabian HVAC market has been categorized into residential, commercial real estate, institutional, power, oil & gas, marine & offshore and others. Of the above end-users, residential and commercial real estate categories are anticipated to account for more than 50% market share, on account of increasing smart building construction and commercial registrations in different cities of Saudi Arabia. Furthermore, the Saudi Arabian HVAC market is segmented by product type, namely direct expansion and central air conditioning, with direct expansion system capturing the largest chunk of the market in 2018. Due to the factors such as low installation cost, low noise, and low energy consumption, direct expansion system is expected to lead the market during the forecast period.

Saudi Arabia HVAC R Market Regional Insights

The Northern & Central region is expected to exhibit the fastest growth in the Saudi Arabian HVAC R market during 2019-2024, on the back of the increasing demand for HVAC R systems from the growing residential and commercial sectors in areas such as Riyadh and Eastern Region. However, alarming pollution levels and stringent laws introduced by the government to curb pollution are expected to hinder the market growth in the coming years.

Saudi Arabia HVAC R market Competitive Landscape

The Saudi Arabian HVAC R market is highly competitive and fragmented in nature. Few of the major companies operating in the market are Trane Inc., Johnson Controls International PLC (Al Salem York), Carrier, LG Shaker, Zamil and Daikin. These companies, through strategic developments, aim at entering new markets and improve their product offerings in order to consolidate their position in the industry. With increasing number of collaborations between regional and global players, the Saudi Arabian HVAC R market is likely to grow steadily during forecast period.

Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020-2024

Objective of the Study:

• To analyze and forecast the Saudi Arabian HVAC R market size.


• To forecast the Saudi Arabian HVAC R market based on regional distribution.


• To identify drivers and challenges for the Saudi Arabian HVAC R market.


• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Saudi Arabian HVAC R market.


• To conduct the pricing analysis for the Saudi Arabian HVAC R market.


• To identify and analyze the profile of leading players operating in the Saudi Arabian HVAC R market.

Some of the leading players in the Saudi Arabian HVAC R market are Trane Inc., Johnson Controls International PLC (Al Salem York), Carrier, LG Shaker, Zamil, Daikin, Hitachi, CGS and Emerson Electric.

Both primary as well as exhaustive secondary research was conducted for this study. Initially, the researchers sourced a list of HVAC R manufacturers across the country. Subsequently, primary research surveys were conducted with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the manufacturers which could not be identified due to the limitations of secondary research could be included. The product offerings, distribution channels and presence of all major manufacturers across the country.

The Saudi Arabian HVAC R market size was calculated by using a top down approach, where data for various applications across various end-user segments was recorded and forecast for the future years. These values are sourced from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.

Key Target Audience:

• HVAC R system manufacturers, suppliers, distributors and other stakeholders


• HVAC R system end-user industries


• Government bodies such as regulating authorities and policy makers


• Organizations, forums and alliances related to the HVAC R market


• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and end-users. The study would also help them in identifying which market segments should be targeted over the coming years in order to strategize investments and capitalize on growth of the market.

Report Scope:

In this report, the Saudi Arabian HVAC R market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by Region:

• Northern & Central


• Western


• Eastern


• Southern

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Saudi Arabian HVAC R market.

Available Customizations:

With the given market data, customizations are offered according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

• Profit margin analysis in case of direct and indirect sales channel.