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Middle East and Africa Chiller Market Research Report: By Type, End-User, Regional Insight - Industry Trend and Growth Forecast to 2024

  • ID: 4804021
  • Report
  • Region: Africa, Middle East
  • 111 pages
  • Prescient & Strategic Intelligence Private Limited
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FEATURED COMPANIES

  • Daikin Industries Ltd.
  • Ingersoll-Rand plc
  • Midea Group Co. Ltd.
  • Zamil Air Conditioners
  • MORE
The Middle East and Africa (MEA) chiller market is predicted to generate a revenue of $1.3 billion by 2024, progressing at a 3.6% CAGR during the 2019-2024 period. The increasing demand for chillers from the transportation and hospitality sectors and district cooling systems is responsible for the growth of the market. Furthermore, the rising adoption of inverter-based chillers is predicted to create huge opportunities for the players operating in the market during the forecast period.

During 2014-15, MEA market registered a fall in the revenue owing to slump in oil prices, which led to a drop in the revenue generated by the oil and gas sector in the region. But, various factors, such as upcoming events scheduled during the forecast period, including, FIFA World Cup 2022, Dubai Expo 2020, and Africa Confederation Cup 2019, are expected to revive the market. These events are leading to the increasing construction of new stadiums and hotels, which, in turn, is resulting in the growth of the chiller market in MEA. On the basis of type, the market is categorized into screw, scroll, reciprocating, centrifugal, and absorption chillers.

Out of these, in 2018, the screw category held the largest share in the market. The screw chiller category is further bifurcated into water-cooled and air-cooled, of which the water-cooled bifurcation dominated the market in terms of revenue in 2018. This is attributed to the fact that these chillers are mostly preferred when the consumption of power is over 5 MW. However, the air-cooled division led the market in terms of volume. Based on end-user, the MEA chiller market is classified into industrial, residential, and commercial.

Out of these, in 2018, the commercial classification contributed the highest revenue to the market. The commercial classification is further divided into hospitality, offices and buildings, healthcare, transportation, supermarket/hypermarket, and government. Among these, the transportation division is predicted to witness the fastest growth in the MEA chiller market during the 2019-2024 period. This is ascribed to the ongoing and upcoming metro projects in Saudi Arabia, Nigeria, Egypt, Qatar, U.A.E., and Israel. In Saudi Arabia, there are three projects that are under construction in Riyadh and Jeddah.

As compared to air conditioning systems, the inverter technology in chillers is more efficient. An inverter helps in the adjustment of the power operation automatically depending upon the actual amount required, which does away with the on/off feature of traditional systems. As a result, it lowers the energy bill by up to 50.0%. It offers several other benefits, such as quick cooling, longer life, stable temperature, and no sound disturbance. The nation is continuously aiming at the use of energy-efficient heating and cooling solutions. These factors are expected to boost the MEA chiller market growth during the forecast period.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Daikin Industries Ltd.
  • Ingersoll-Rand plc
  • Midea Group Co. Ltd.
  • Zamil Air Conditioners
  • MORE
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Segmentation by Type
1.3.2 Market Segmentation by End-User
1.3.3 Market Segmentation by Country
1.3.4 Analysis Period
1.3.5 Market Data Reporting Unit
1.3.5.1 Value
1.4 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown of Primary Research Respondents
2.2.1.1 By country
2.2.1.2 By industry participant
2.2.1.3 By company type
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Type
4.1.1.1 Screw
4.1.1.2 Centrifugal
4.1.1.3 Scroll
4.1.1.4 Absorption
4.1.1.4.1 Direct-fired
4.1.1.4.2 Hot water
4.1.1.4.3 Steam
4.1.1.5 Reciprocating
4.1.1.6 Air-cooled
4.1.1.7 Water-cooled
4.1.2 By End-User
4.1.2.1 Commercial
4.1.2.1.1 Hospitality
4.1.2.1.2 Transportation
4.1.2.1.3 Offices and buildings
4.1.2.1.4 Supermarket/Hypermarket
4.1.2.1.5 Healthcare
4.1.2.1.6 Government
4.1.2.1.7 Others
4.1.2.2 Industrial
4.1.2.2.1 Oil & gas
4.1.2.2.2 Food & beverage
4.1.2.2.3 Energy and utilities
4.1.2.2.4 Pharmaceutical
4.1.2.2.5 Automotive
4.1.2.2.6 Others
4.1.2.3 Residential
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Preference toward smart connected chillers
4.3.1.2 Inclination toward magnetic bearing chillers
4.3.2 Drivers
4.3.2.1 Growing construction industry
4.3.2.2 Adoption toward district cooling system
4.3.2.3 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 Growing demand for variable refrigerant flow (VRF) system
4.3.3.2 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Demand for solar powered absorption chillers
4.3.4.2 Surging demand for inverter-based chillers
4.4 Porter’s Five Forces Analysis

Chapter 5. MEA Market Size and Forecast
5.1 By Type
5.1.1 Screw Chiller, by Type
5.1.2 Scroll Chiller, by Type
5.1.3 Reciprocating Chiller, by Type
5.1.4 Absorption Chiller, by Type
5.2 By End-User
5.2.1 Commercial Chiller Market, by Application
5.2.2 Industrial Chiller Market, by Application
5.3 By Country

Chapter 6. Competitive Landscape
6.1 List of Key Players and Their Offerings
6.2 Ranking of Key Players
6.3 Competitive Benchmarking of Key Players
6.4 Recent Activities of Major Players
6.5 Strategic Developments of Key Players
6.5.1 Product Launches
6.5.2 Facility Expansions
6.5.3 Client Wins

Chapter 7. Company Profiles
7.1 Johnson Controls International Plc
7.1.1 Business Overview
7.1.2 Product and Service Offerings
7.1.3 Key Financial Summary
7.1.4 SWOT Analysis
7.2 Ingersoll-Rand plc
7.2.1 Business Overview
7.2.2 Product and Service Offerings
7.2.3 Key Financial Summary
7.2.4 SWOT Analysis
7.3 United Technologies Corporation
7.3.1 Business Overview
7.3.2 Product and Service Offerings
7.3.3 Key Financial Summary
7.3.4 SWOT Analysis
7.4 Daikin Industries Ltd.
7.4.1 Business Overview
7.4.2 Product and Service Offerings
7.4.3 Key Financial Summary
7.4.4 SWOT Analysis
7.5 S.K.M Air Conditioning LLC
7.5.1 Business Overview
7.5.2 Product and Service Offerings
7.6 Petra Engineering Industries Co.
7.6.1 Business Overview
7.6.2 Product and Service Offerings
7.7 Zamil Air Conditioners
7.7.1 Business Overview
7.7.2 Product and Service Offerings
7.8 Mitsubishi Electric Corporation
7.8.1 Business Overview
7.8.2 Product and Service Offerings
7.8.3 Key Financial Summary
7.8.4 SWOT Analysis
7.9 Midea Group Co. Ltd.
7.9.1 Business Overview
7.9.2 Product and Service Offerings
7.9.3 Key Financial Summary
7.9.4 SWOT Analysis
7.10 GAMI Air Conditioners Manufacturing Company L.L.C.
7.10.1 Business Overview
7.10.2 Product and Service Offerings

Chapter 8. Appendix
8.1 Abbreviations
8.2 Sources and References
8.3 Related Reports

List of Tables
TABLE 1 ANALYSIS PERIOD OF THE STUDY
TABLE 2 UPCOMING MAJOR EVENTS IN MIDDLE EAST
TABLE 3 DRIVERS FOR THE MARKET: IMPACT ANALYSIS
TABLE 4 RESTRAINT FOR THE MARKET: IMPACT ANALYSIS
TABLE 5 TOTAL NATURAL RESOURCES RENT AS A PERCENTAGE OF GDP, % (2014-2017)
TABLE 6 MEA CHILLER MARKET, BY TYPE, $M (2014–2018)
TABLE 7 MEA CHILLER MARKET, BY TYPE, $M (2019–2024)
TABLE 8 MEA SCREW CHILLER MARKET, BY TYPE, $M (2014–2018)
TABLE 9 MEA SCREW CHILLER MARKET, BY TYPE, $M (2019–2024)
TABLE 10 MEA SCROLL CHILLER MARKET, BY TYPE, $M (2014–2018)
TABLE 11 MEA SCROLL CHILLER MARKET, BY TYPE, $M (2019–2024)
TABLE 12 MEA RECIPROCATING CHILLER MARKET, BY TYPE, $M (2014–2018)
TABLE 13 MEA RECIPROCATING CHILLER MARKET, BY TYPE, $M (2019–2024)
TABLE 14 MEA ABSORPTION CHILLER MARKET, BY TYPE, $M (2014–2018)
TABLE 15 MEA ABSORPTION CHILLER MARKET, BY TYPE, $M (2019–2024)
TABLE 16 MEA CHILLER MARKET, BY END-USER, $M (2014–2018)
TABLE 17 MEA CHILLER MARKET, BY END-USER, $M (2019–2024)
TABLE 18 UPCOMING METRO PROJECTS IN SAUDI ARABIA
TABLE 19 UNDER-CONSTRUCTION/PROPOSED HOTELS IN SAUDI ARABIA
TABLE 20 MEA COMMERCIAL CHILLER MARKET, BY APPLICATION, $M (2014–2018)
TABLE 21 MEA COMMERCIAL CHILLER MARKET, BY APPLICATION, $M (2014–2018)
TABLE 22 MEA INDUSTRIAL CHILLER MARKET, BY APPLICATION, $M (2014–2018)
TABLE 23 MEA INDUSTRIAL CHILLER MARKET, BY APPLICATION, $M (2019–2024)
TABLE 24 UNDER-CONSTRUCTION/UPCOMING PROJECTS IN DUBAI REGION
TABLE 25 UNDER-CONSTRUCTION/UPCOMING PROJECTS IN ABU DHABI REGION
TABLE 26 MEA CHILLER MARKET, BY COUNTRY, $M (2014–2018)
TABLE 27 MEA CHILLER MARKET, BY COUNTRY, $M (2019–2024)
TABLE 28 LIST OF KEY PLAYERS AND THEIR OFFERINGS
TABLE 29 COMPETITIVE BENCHMARKING OF KEY PLAYERS
TABLE 30 JOHNSON CONTROLS INTERNATIONAL PLC–AT A GLANCE
TABLE 31 JOHNSON CONTROLS INTERNATIONAL PLC–KEY FINANCIAL SUMMARY
TABLE 32 INGERSOLL-RAND PLC–AT A GLANCE
TABLE 33 INGERSOLL-RAND PLC–KEY FINANCIAL SUMMARY
TABLE 34 UNITED TECHNOLOGIES CORPORATION–AT A GLANCE
TABLE 35 UNITED TECHNOLOGIES CORPORATION–KEY FINANCIAL SUMMARY
TABLE 36 DAIKIN INDUSTRIES LTD.–AT A GLANCE
TABLE 37 DAIKIN INDUSTRIES LTD.–KEY FINANCIAL SUMMARY
TABLE 38 S.K.M AIR CONDITIONING LLC–AT A GLANCE
TABLE 39 PETRA ENGINEERING INDUSTRIES CO.–AT A GLANCE
TABLE 40 ZAMIL AIR CONDITIONERS–AT A GLANCE
TABLE 41 MITSUBISHI ELECTRIC CORPORATION–AT A GLANCE
TABLE 42 MITSUBISHI ELECTRIC CORPORATION–KEY FINANCIAL SUMMARY
TABLE 43 MIDEA GROUP CO. LTD.–AT A GLANCE
TABLE 44 MIDEA GROUP CO. LTD.–KEY FINANCIAL SUMMARY
TABLE 45 GAMI AIR CONDITIONERS MANUFACTURING COMPANY L.L.C.–AT A GLANCE

List of Figures
FIG 1 RESEARCH SCOPE
FIG 2 RESEARCH METHODOLOGY
FIG 3 BREAKDOWN OF PRIMARY RESEARCH BY COUNTRY
FIG 4 BREAKDOWN OF PRIMARY RESEARCH BY INDUSTRY PARTICIPANT
FIG 5 BREAKDOWN OF PRIMARY RESEARCH BY COMPANY TYPE
FIG 6 DATA TRIANGULATION APPROACH
FIG 7 MEA CHILLER MARKET SUMMARY
FIG 8 VALUE CHAIN ANALYSIS
FIG 9 BARGAINING POWER OF BUYERS
FIG 10 BARGAINING POWER OF SUPPLIERS
FIG 11 INTENSITY OF RIVALRY
FIG 12 THREAT OF NEW ENTRANTS
FIG 13 THREAT OF SUBSTITUTES
FIG 14 MEA CHILLER MARKET, BY TYPE, $M (2014–2024)
FIG 15 MEA SCREW CHILLER MARKET, BY TYPE, $M (2014–2024)
FIG 16 MEA SCROLL CHILLER MARKET, BY TYPE, $M (2014–2024)
FIG 17 MEA RECIPROCATING CHILLER MARKET, BY TYPE, $M (2014–2024)
FIG 18 MEA ABSORPTION CHILLER MARKET, BY TYPE, $M (2014–2024)
FIG 19 MEA CHILLER MARKET, BY END-USER, $M (2014–2024)
FIG 20 MEA COMMERCIAL CHILLER MARKET, BY APPLICATION, $M (2014–2024)
FIG 21 MEA INDUSTRIAL CHILLER MARKET, BY APPLICATION, $M (2014–2024)
FIG 22 MEA CHILLER MARKET, BY COUNTRY, $M (2014–2024)
FIG 23 TOP MEA CHILLER MARKET PLAYERS’ RANKING (2018)
FIG 24 RECENT ACTIVITIES OF MAJOR PLAYERS
FIG 25 JOHNSON CONTROLS INTERNATIONAL PLC–REVENUE SPLIT BY SEGMENT (2018)
FIG 26 SWOT ANALYSIS OF JOHNSON CONTROLS INTERNATIONAL PLC
FIG 27 INGERSOLL-RAND PLC–REVENUE SPLIT BY GEOGRAPHY AND SEGMENT (2018)
FIG 28 SWOT ANALYSIS OF INGERSOLL-RAND PLC
FIG 29 UNITED TECHNOLOGIES CORPORATION–REVENUE SPLIT BY GEOGRAPHY AND SEGMENT (2018)
FIG 30 SWOT ANALYSIS OF UNITED TECHNOLOGIES CORPORATION
FIG 31 DAIKIN INDUSTRIES LTD.–REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 32 SWOT ANALYSIS OF DAIKIN INDUSTRIES LTD.
FIG 33 MITSUBISHI ELECTRIC CORPORATION–REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2018)
FIG 34 SWOT ANALYSIS OF MITSUBISHI ELECTRIC CORPORATION
FIG 35 MIDEA GROUP CO. LTD.–REVENUE SPLIT BY SEGMENT AND GEOGRAPHY (2017)
FIG 36 SWOT ANALYSIS OF MIDEA GROUP CO. LTD.
Note: Product cover images may vary from those shown
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  • Johnson Controls International Plc
  • Ingersoll-Rand plc
  • United Technologies Corporation
  • Daikin Industries Ltd.
  • S.K.M Air Conditioning LLC
  • Petra Engineering Industries Co.
  • Zamil Air Conditioners
  • Mitsubishi Electric Corporation
  • Midea Group Co. Ltd.
  • GAMI Air Conditioners Manufacturing Company L.L.C.
Note: Product cover images may vary from those shown
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