Saudi Arabia HVAC Market Size and Share - Outlook Report, Forecast Trends and Growth Analysis 2025-2034

The Saudi Arabia HVAC market is driven by the growing demand from residential building construction. The industry is further expected to grow at a CAGR of 5.10% in the forecast period of 2025-2034.

Upgradation Section forms the Largest Sub-Sector in the Saudi Arabia HVAC Industry

Saudi Arabia's HVAC demand is expected to rise rapidly, thanks to rising construction activity in the country's residential and industrial sectors. During the forecast period, extreme climatic conditions in Saudi Arabia, changing habits, and a growing number of government measures aimed at reforming the country's oil-dependent economy are all expected to fuel the demand for HVAC systems. The central area of Saudi Arabia, which is home to some of the country's largest and most populated cities, including the capital, Riyadh, has historically contributed the most revenue to the Saudi Arabia HVAC industry. Previously, the upgradation or replacement section of the service segment had the largest share of the Saudi Arabia HVAC industry. Increased incorporation of HVAC systems in smart devices, as well as the demand for energy-efficient HVAC systems, are expected to drive market growth.

HVAC: Industry Definition and Segmentations

The infrastructure of indoor and vehicular environmental comfort is known as heating, ventilation, and air conditioning (HVAC). Its aim is to provide adequate thermal comfort and indoor air quality. HVAC device architecture is a branch of mechanical engineering that is focused on thermodynamics, fluid mechanics, and heat transfer concepts.

The HVAC industry can be divided by equipment into:

• Heating
• Heat Pumps
• Furnaces
• Unitary Heating
• Ventilation
• Air-handling Units
• Air Filters and Purifiers
• Ventilation Fans
• Dehumidifiers and Humidifiers
• Others
• Cooling
• Unitary Air Conditioners
• VRF Systems
• Chillers
• Coolers
• Cooling Towers
• Others

It may be classified on the basis of implementation type as follows

• New Constructions
• Retrofits

The end uses for HVAC industry include:

• Residential
• Commercial
• Industrial

Technological Advancements Bolstering the Market Growth of HVAC in Saudi Arabia

The HVAC-R industry in Saudi Arabia is expected to benefit significantly from upcoming commercial ventures such as airports, high-rise hotels, and investments in luxury homes and villas in the residential sector. The rise in demand from the country's commercial sector is largely due to technical advancements and inventions such as district cooling, solar air conditioning systems, and HVAC systems that incorporate new technologies. The COVID-19 pandemic has had a negative effect on both the demand and supply sides of the Saudi Arabia HVAC industry. The building industry is facing problems as a result of the government-induced lockdown, including a reduction in project financing, the closure of construction sites, and the postponement of existing projects due to a lack of materials, equipment, and labourers, as well as economic instability.

Key Industry Players in the Saudi Arabia HVAC Market

The report gives a detailed analysis of the following key players in the Saudi Arabia HVAC market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Zamil Air Conditioners
• AirTech Riyadh
• Green Air Electro-Mechanical Contracting Company
• LG Electronics Inc.
• Others

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.