The "U.A.E. Heating Equipment Market Research Report: By Type, End User - Global Industry Size, Share and Growth Analysis, Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The U.A.E. is one of the most popular holiday destinations in the world, owing to its modern skyscrapers, luxurious hotels, rich desert culture, amazing theme parks, and all-inclusive shopping malls. Compared to 5.2% in 2016, the revenue generated by tourist activities is projected to account for 5.4% of the nation's GDP in 2027.
With a huge number of people expected to arrive in the country to attend Dubai Expo 2020, the hospitality sector here is already witnessing a massive boom. An increasing number of hotels are being built to cater to tourists, because of which the U.A.E. heating equipment market revenue, which was $89.5 million in 2019, is predicted to surge to $121.4 million by 2030, at a CAGR of 2.9% between 2020 and 2030 (forecast period).
Heat Pumps to Continue Dominating Market till 2030
Till 2030, heat pumps would observe the highest CAGR in the U.A.E. heating equipment market, in terms of revenue. The key factor driving the sale of these systems are their lower costs compared to boilers and furnaces and the fact that their energy management mechanism is better than other equipment types.
During the historical period (2014-2019), the highest revenue to the market was contributed by commercial end users. The country, especially Dubai, is witnessing a high number of construction projects, many as part of the preparations for Dubai Expo 2020. Upon completion, heating equipment are being installed in all such hotels, office complexes, shopping malls, transit stations, and other commercial spaces.
The Abu Dhabi & Al Ain region would observe the fastest revenue growth in the U.A.E. heating equipment market, at a CAGR of 3.5%, during the forecast period. This is attributed to the efforts of the government of Abu Dhabi to boost its tourism sector, in a bid to become less dependent on crude oil. Further, the government plans to add 7.5 million square meters of office space and 4 million square meters of retail space by 2030.
Geographical Expansion the Strongest Strategic Measure in the Market
In recent years, geographical expansion has been the strongest measure taken by the prominent U.A.E. heating equipment market players to gain a larger share of the industry. For instance, in October 2018, Daikin Industries Ltd. opened a showroom in the Ras Al Khaimah emirate, in collaboration with Al Daman Electrical Equipments. Via this showroom, Daikin aims to increase the sale of its variable refrigerant volume (VRV) range and inverter Direct Expansion heating, ventilation, and cooling (HVAC) system.
The major players in the U.A.E. heating equipment market include Johnson Controls International plc, Ingersoll-Rand plc, LG Electronics Inc., Danfoss A/S, Gree Electric Appliances Inc. of Zhuhai, Mitsubishi Electric Corporation, United Technologies Corporation, Thermax Ltd., Midea Group Co. Ltd., S.K.M Cooling LLC, Zamil Air Conditioners, and Daikin Industries Ltd.
Key Topics Covered:
CHAPTER 01 RESEARCH SCOPE
CHAPTER 02 RESEARCH METHODOLOGY
CHAPTER 03 EXECUTIVE SUMMARY
3.1 U.A.E. Heating Equipment Market Volume Summary
3.2 U.A.E. Heating Equipment Market Revenue Summary
CHAPTER 04 MARKET INDICATORS
CHAPTER 05 INDUSTRY OUTLOOK
5.1 Voice of Industry Experts/KOLs
5.2 Market Dynamics
5.2.4 Impact analysis of drivers/restraints
5.3 Value Chain Analysis
5.4 Porter's Five Forces Analysis
5.5 Roadmap Analysis
5.6 Industry Life Cycle
5.7 Ecosystem Analysis
CHAPTER 06 U.A.E. MARKET
6.2 Market Volume, by Type (2014-2030)
6.3 Market Revenue, by Type (2014-2030)
6.3.1 Heat pumps market revenue, by type (2014-2030)
6.3.2 Furnaces market revenue, by type (2014-2030)
6.3.3 Boilers market revenue, by type (2014-2030)
6.4 Market Revenue, by End User (2014-2030)
6.4.1 Heat pumps market revenue, by end user (2014-2030)
6.4.2 Furnaces market revenue, by end user (2014-2030)
6.4.3 Boilers market revenue, by end user (2014-2030)
6.5 Market Revenue, by Region (2014-2030)
6.5.1 Dubai market revenue (2014-2030)
6.5.2 Abu Dhabi & Al Ain market revenue (2014-2030)
6.5.3 Sharjah & Other Northern Emirates market revenue (2014-2030)
CHAPTER 07 COMPETITIVE LANDSCAPE
7.1 List of Market Players and Their Offerings
7.2 Market Share Analysis of Key Players
7.2.1 Heat pumps market share analysis of key players
7.2.2 Furnaces market share analysis of key players
7.2.3 Boilers market share analysis of key players
7.3 Competitive Analysis of Key Players
7.4 Recent Strategic Developments of Key Players
CHAPTER 08 COMPANY PROFILES
Johnson Controls International plc
LG Electronics Inc.
Mitsubishi Electric Corporation
Gree Electric Appliances, Inc. of Zhuhai
United Technologies Corporation
Midea Group Co. Ltd.
Daikin Industries Ltd.
Zamil Air Conditioners
S.K.M Air Conditioning LLC
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