GCC Chillers Market - Industry Trends and Forecast to 2028

MarkNtel Advisors, a prominent market research firm, has recently published a report titled GCC Chillers Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing GCC Chillers market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and Country while spotlighting the most recent developments in the market.

GCC Chillers Reports Highlights

What is the size of the GCC Chillers Market?

The GCC Chillers Market size is projected to grow at a CAGR of around 6.0% during the forecast period, i.e., 2023-28. The growth of the market would be driven mainly by rapid urbanization & population growth, extreme climate conditions with high temperatures & humidity levels, and massive investments by various countries in infrastructure development projects associated with commercial buildings, residential complexes, airports, hospitals, & hotels. These aspects create a strong demand for chiller systems to provide efficient & effective cooling solutions in these infrastructures and maintain comfortable indoor environments. More & more cities within the GCC region are expanding with the ever-increasing development of residential buildings, apartments, & housing complexes, i.e., augmenting the demand for cooling systems.

What do the growth prospects and trends look like in the GCC Chillers Industry?

Extreme Climate Conditions, characterized by High Temperatures & Humidity Levels: The hot and humid climate in the GCC region creates a high demand for cooling systems, including chillers, making it essential for maintaining comfortable indoor environments in residential, commercial, and industrial buildings. Thus, the extreme heat and humidity levels drive the need for efficient and powerful cooling solutions, leading to an increased demand.

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What Components are encompassed within GCC Chillers Market segmentation?

The report has divided the market into the following segments:

By Compressor Type

-Screw Chillers

-Scroll Chillers

-Reciprocating Chillers

-Turbocor Chillers

-Centrifugal Chillers

-Absorption Chillers

By Product

-Air-Cooled

-Water-Cooled

By End Users

-Oil & Gas

-Chemicals

-Food & Beverage

-Healthcare

-Hospitality

-Residential

-Power Utilities

-Others (Government & Transportation, etc.)

By Capacity

-Less than 150 Tons

-150-1000 Tons

-1001-2000 Tons

-Above 2000 Tons

By Country

-The UAE

-Saudi Arabia

-Qatar

-Kuwait

-Bahrain

-Oman.

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Who are the Primary Companies or Entities active in the Industry?

The report covers the major market players including:

Daikin Middle East and Africa FZE

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Johnson controls

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

S.K.M Air Conditioning LLC

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Petra Engineering Industries Company

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Midea Group

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Gami Air Conditioners Manufacturing Company L.L.C.

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Zamil Air conditioners

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Smardt Chiller Group FZE

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Dunham-Bush

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others

Carrier Corporation

-Business Description

-Product Portfolio

-Strategic Alliances or Partnerships

-Recent Developments

-Financial Details

-Others.

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Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

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