GCC HVAC Rental Market valued at approximately USD 192 million in 2024 With CAGR of 3.48% by 2028

A Quick Overview of GCC HVAC Rental Market

The key object of this report on the GCC HVAC Rental Market is to offer worthy data and a geographical perspective for predictions of market growth in the future. The recommendations added in this detailed report are insightful, and actionable offering a deep understanding of the industry. Moreover, it includes a comprehensive importance of aspects that have impacted the industry.

MarkNtel Advisors has recently studied an extensive market intelligence evaluation on the GCC HVAC Rental Market. Also, the newly released report exhibits an engaging format that comprises compelling graphs, tables, charts, and figures as well. These seamlessly combined visual aids are designed to support the clarity and accuracy of the details presented, offering analysts a deep knowledge of the topic at hand.

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GCC HVAC Rental Market Scenario:

The GCC HVAC Rental market size is valued at around USD 192 million in 2024 and is projected to grow at a CAGR of around 3.48% during the forecast period, i.e., 2023-28. This is owing to the presence of hot & harsh climatic conditions in the region, which makes air cooling a requirement for all the inhabitants. This makes HVAC systems essential for maintaining comfortable indoor environments in residential, commercial, and industrial settings, which is further supporting the market for rental HVACs in the region.

GCC HVAC Rental Market - Industry Dynamics, Size, And Opportunity Forecast To 2028:

Market Driver - Rising Infrastructure Development Projects to Support the Market

The GCC region witnessed considerable growth in construction activity owing to the development of transportation, commercial & residential spaces, etc. The major economies of the region, such as the UAE, Saudi Arabia, Kuwait, etc., are more focused on constructing commercial buildings like airports, metro malls, and others. Therefore, the rise in construction activity is driving the market for rental HVAC across the region. Furthermore, the accelerating tourism in the countries such as the UAE, Egypt, Saudi Arabia, etc., has led to the construction of commercial buildings such as lavish hotels, retail malls, resorts, and various others.

Besides, the governments of the countries like the UAE, Saudi Arabia, and Oman, among others, have been extensively involved in boosting tourism by establishing recreational hubs, luxurious malls, etc., and also by preserving & maintaining historical monuments as well as cultural heritage sites. Therefore, the growing construction of commercial buildings in the GCC region will boost HVAC rental demand during the forecast period.

GCC HVAC Rental Market Segmentation Analysis:

GCC HVAC Rental Industry, analyzes, identifies, and highlights the main trends and drivers which are affecting each segment of the market. The market has been further divided into the following categories:

By Type

Room Air Conditioners
- Split & Window Units
- Cassette
- Packaged
- Others (Floor Standing, etc.)
Centralised Air Conditioners
- Chillers
- VRFs
- Others (AHU & FCU)
Others (Heating Equipment, etc.)

By Application

Construction
Events
Breakdown of Equipment

By Duration

Short Term (>15 days)
Long Term (15 days or more)

By Countries

The UAE
Saudi Arabia
Qatar
Kuwait
Oman
Bahrain.

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Who are the Key Market Players in the GCC HVAC Rental Market?

In the fast-changing GCC HVAC Rental Market, understanding what our competitors are doing is crucial. By carefully analyzing things, we figured out some of the dominating players in the industry. So, the top companies of the GCC HVAC Rental market ruling the industry are:

List of Key Companies Profiled:

Johnson Controls (York)
Aggreko
Ingersoll Rand (Trane)
Byrne Equipment Rental
Andrews Sykes Climate Rental
Rental Solutions & Services
Foster International
GAMI
GEO Rental Solutions
Energia
Prime Chiller Cooling Systems PLC
Others.

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