You are on page 1of 42

MIDDLE EAST & AFRICA - HEATING

,
VENTILATION & AIR CONDITIONING (HVAC)
MARKET: FOCUS ON PRODUCT, EQUIPMENT
& COMPONENT, APPLICATION AND REGIONS
– Estimation & Forecast, 2015–2022

Middle East & Africa - Heating, Ventilation & Air Conditioning (HVAC) Market

– Estimation & Forecast, 2015–2022

BIS Research is a leading market intelligence and technology research company. BIS Research
publishes in-depth market intelligence reports focusing on the market estimations, technology
analysis, emerging high-growth applications, deeply segmented granular country-level market
data and other important market parameters useful in the strategic decision making for senior
management. BIS Research provides multi-client reports, company profiles, databases, and
custom research services.

Copyright © 2015 BIS Research
All Rights Reserved. This document contains highly confidential information and is the sole
property of BIS Research. Disclosing, copying, circulating, quoting or otherwise reproducing
any or all contents of this document is strictly prohibited. Access to this information is provided
exclusively for the benefit of the people or organization concerned. It may not be accessed by,
or offered whether for sale or otherwise to any third party.

BIS Research 2

Middle East & Africa - Heating, Ventilation & Air Conditioning (HVAC) Market

– Estimation & Forecast, 2015–2022

1 REPORT SCOPE

1.1 SCOPE OF THE STUDY

The scope of this report is focused to the market for the Heating, Ventilation and Air
Conditioning (HVAC) in the Middle East and Africa (MEA) region. The study includes the
analysis of products, equipments and components, applications, in addition to the market
study of the HVAC industry across different regions in the MEA. The study presents a detailed
examination of HVAC systems, end-use verticals, regulations and geography along these lines:
market volume, drivers, growth opportunity, and challenges.

This report includes the HVAC market trends and developments across the key geographic
regions of the MEA. The market size and Compound Annual Growth Rate (CAGR) have been
estimated considering and analyzing the use cases in different verticals and are discussed in
the report.

1.2 MIDDLE EAST AND AFRICA HVAC MARKET: REPORT
COVERAGE

The figure below displays the list of market coverage features which have been incorporated in
this research study.

BIS Research 3

Middle East & Africa - Heating, Ventilation & Air Conditioning (HVAC) Market

– Estimation & Forecast, 2015–2022

FIGURE 1

MIDDLE EAST AND AFRICA HVAC MARKET STUDY COVERAGE AREA

HVAC Market Classification

Equipment and Application
HVAC Products Geography
Component

Heating Fan Coil Unit Commercial Middle East

Ventilation Air Handling Unit Residential Africa

Air Conditioners Heating Equipment Institutional

Cooling Equipment Industrial

Ventilation Equipment Hospitality

Other Equipments Others

Source: BIS Research Analysis

Market Analysis includes an in-depth analysis of the market drivers, opportunities, challenges,
and growth trend in HVAC systems usage, end-use verticals, and geographies. The Industry
Analysis presents detailed insights into the trend followed in the HVAC market using the
Porter’s Five Force analysis. It also presents an exhaustive overview of the activities being
undertaken by various stakeholders.

1.2.1 BY PRODUCTS
HVAC market is segmented into three different products, namely-heating, ventilation, and air
conditioners. In each of the HVAC type, different products, application areas, key market
trends, developments and participants have been included.

BIS Research 4

2. different applications including commercial.2 BY EQUIPMENT A ND COMPONENT HVAC market is segmented into different equipments and its components. 1. and participants across different countries of the above mentioned regions. key market trends.2. BIS Research 5 . market players. application areas. industrial. The section also focuses on key market trends. 2015–2022 1. 1.Heating.3 BY APPLICATION HVAC market is segmented into different applications. different equipments and its related components. hospitality and others have been discussed.Middle East & Africa . and participants have been included. and independent consultants) and secondary sources (a host of paid and unpaid databases) along with analytical tools to build our forecast and predictive models. developments. residential. institutional. developments and participants. industry thought leaders. In this segment.4 BY GEOGRAPHY The HVAC market is segmented into Middle East and Africa. developments. In this segment.2.3 BIS RESEARCH METHODOLOGY We exhaustively use both primary sources (in-house experts. The section provides different insights on key market trends. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. 1.

2015–2022 FIGURE 2 PRIMARY AND SECONDARY RESEARCH FINDINGS Primary Research • Vendor Feedback & Opinion Qualitative Analysis • Interviews with industry stakeholders • Identifying market drivers.Middle East & Africa . manufacturers. opportunity • Questions exploring & validating the qualitative and trends market analysis • Case studies • Questionnaires with market size and forecast • Buyer Trend Analysis validation • Industrial Overview Research Findings • • Identifying market size and estimation Calculations and assumptions • Division of market size by each market classification Secondary Research • Thorough Secondary and Primary Research • Vendor reports and publications Quantitative Analysis • Industry reports and publications • Webinars and podcasts • Quantitative and Qualitative market analysis • Analysis of market Trends. Developments & Participants Source: BIS Research Analysis The figure above shows steps followed in doing primary as well as secondary research. alliances. The primary sources are comprised of industry experts from the industry being tracked and related industries as well as preferred suppliers. technology developers. standards & certification organizations from companies. BIS Research 6 . and other organizations related to the segments of this industry’s value chain.Heating. Saudi Standards. The research study involves the usage of extensive secondary sources. administrators. Heating and Refrigeration Institute (AHRI). distributors. gold standard & silver standard websites. Hoovers. company websites. All primary sources were interviewed to obtain and verify critical qualitative & quantitative information and assess the future prospects. (CEE). Bloomberg. solution providers. Business-week. Metrology and Quality Organization (SASO). It also makes use of databases such as Air-Conditioning. challenges. directories. articles from recognized authors. The research findings include both qualitative as well as quantitative analysis. white papers and annual reports. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. Consortium for Energy Efficiency Inc.

and One-Source to collect useful and effective information for an extensive.Middle East & Africa . United Arab Emirates (UAE). Kuwait and Rest of the Middle East. 1.1 GEOGRAPHICAL ANALYSIS The Geographical Analysis of the report covers the region-wise trends in the market. 2015–2022 Factiva. The market statistics for each of the major geographies include the Middle East and Africa.Heating. Besides identifying the key growth enablers in the market based on a BIS Research 7 . The major countries covered in the Middle East region are Saudi Arabia. Africa region covers North Africa and South Africa geography.4 RESEARCH METHODOLOGY FOR REGIONAL MARKET STUDY FIGURE 3 DIFFERENT PHASES OF RESEARCH METHODOLOGY FOR REGIONAL MARKET Geographical Analysis Demand Side & Data Synthesis & Supply Side Bridging Analysis Source: BIS Research Analysis 1. Qatar. and commercial study of the market. technical.4. market-oriented. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast.

The GDP data for individual countries are then converted to the U. integrators.4. by equipment and component.S.4. to get a complete picture of the market and triangulate the market data. application and geography. and channel partners) the supply side dynamics were understood. Qatar)and individual countries' statistical bureaus. the European Bank for Reconstruction and Development (EBRD). by application and by geography). market channels and key segments. Ministry of Development Planning and Statistics (MDPS. For each of the HVAC product.Middle East & Africa . thereby addressing the issue of fluctuating exchange rate. UAE National Bureau of Statistics. Some of the key factors that were probed during this process include market size (value). In this process various suppliers were interviewed and probed to understand the buying behavior across different demography. market forecast. and data triangulation further primary research was undertaken to gather missing information. 1.Heating. equipment and component.S. the World Bank.2 DEMAND SIDE & SUPPLY SIDE ANALYSIS As the goal of the study was to estimate demand and identify growth opportunity in the market segment. Both. a detailed secondary and primary (suppliers) research was done to understand the dynamics of the industry leading players. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. market share (by HVAC product. dollars by valuing each country's output at the U. market share analysis. the chapter also undertakes extensive qualitative analysis. 2015–2022 detailed “push and pull” forces analysis. market size estimations. In estimating and forecasting the geographical market size (value) and potential. a thorough analysis of demand side dynamics was undertaken. purchasing power parity GDP (Gross Domestic Product) estimates for the benchmark year (2014) is derived from a host of sources such as the national income and products accounts from the Organization for Economic Co-Operation and Development (OECD). GCC Statistical Center (GCC-STAT). verify. and regulations among others. the organized and unorganized sector were interviewed and researched upon. With detailed analysis (both primary and secondary) of suppliers (manufacturers. 1. BIS Research 8 . prices for the benchmark year. market crackdown.3 DATA SYNTHESIS & BRIDGING Following comprehensive market engineering which involves calculations of market statistics.

2015–2022 and validate the critical numbers arrived at industry trends.Middle East & Africa . and key players of each type of product and application market. 1. top-down and bottom-up approaches are used extensively along with several data triangulation methods to perform market estimation and market forecast for the overall segment and sub-segment markets listed in the research scope. the government bodies are attempting to regulate the manufacturing standards of the Heating. It also assisted in market classification and segmentation according to industry trends to the bottom- most level. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast.4 REPORT DESCRIPTION The Heating. Extensive qualitative and further quantitative analysis are also undertaken from all the numbers arrived at in the complete market engineering process. geographical markets and important developments from both market and technology oriented perspectives.4. However. Ventilation and Air Conditioning (HVAC) units in the Middle East and Africa (MEA) region. Ventilation and Air Conditioning (HVAC) market growth in the Middle East and Africa (MEA) region is propelled by increasing demand for HVAC products and equipments in the commercial and residential applications. and end-use verticals. market’s monetary chain. For the complete market engineering done for the total market crackdown. in order to list key information throughout the study.Heating. The major aim of these regulations is to make the HVAC products and equipments more environmental friendly and energy efficient. The consumers/end users are benefitted indirectly by these regulations as their energy spending is reduced. continuing research and development (R&D) programs by the HVAC manufacturers aim to provide much better products across different applications. Secondary research was employed to obtain crucial information about the industry’s value chain. Commercial and residential applications are observed (currently) and expected (forecasted) to push the growth of HVAC market in the MEA region. Energy usage has increased significantly and many companies have BIS Research 9 . As global warming and other environmental concerns are increasing. total pool of key players.

BIS Research 10 . institutional. Ventilation and Air Conditioning (HVAC) industry of the MEA region. and industrial in the report. Kuwait and Rest of the Middle East. such as the factors driving the HVAC market. The application verticals are categorized into six major categories. among others have also created a demand for HVAC products in the region. HVAC equipment and component market types. and geographical regions. allowing the research to develop a comprehensive outlook of the market. The Middle East region is further segmented into countries including Saudi Arabia. commercial. Qatar. residential. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. Other factors such as harsh (warm) weather conditions and reduction of energy consumption. The research incorporates Porter’s Five Force Model for in-depth analysis of the market and an assessment of the factors governing it. the report also provides a comprehensive section of the government regulations and their involvement in the Heating. The MEA region has been covered in terms of the market penetration in the HVAC market as well as revenue generation to understand and utilize business opportunities. United Arab Emirates (UAE). Our study includes overview and analysis of the HVAC market in the MEA region by HVAC product market types.Heating. The report also includes the profiles of major players in the industry that shall allow its reader to get an insight into the industry trends. 2015–2022 started manufacturing and promoting the HVAC products which are running on renewable energy like geothermal and solar energy. The Africa region is further segmented into North Africa (including East Africa and West Africa) and South Africa. its threats that can possibly slow down the market growth and the current growth opportunities that are going to shape the HVAC market expansion. While highlighting the key driving and restraining forces for this dynamic market. different applications. viz. HVAC market regulations. The research tries to answer various aspects of the HVAC market in the Middle East and Africa (MEA) region. Major geographical regions covered in the report include the Middle East region and Africa (MEA) region.Middle East & Africa . these segments describe different use cases which cover the scope of the value chain from manufacturers to the end users. Further.

Heating. the readers will have a clear understanding of the market dynamics. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. (MHI) 9 Trane (Ingersoll Rand) 10 Gree Electric Appliances Inc. 2015–2022 Towards the end of the report. Ltd. major drivers and the underlying threats and challenges that the global HVAC industry is subjected to. 11 Hitachi 12 Fujitsu 14 Leminar Air Conditioning 15 National Central Cooling Company PJSC (Tabreed) 16 Emirates Central Cooling Systems Corporation (EMPOWER) 17 SKM Air Conditioning LLC BIS Research 11 . including the estimation of the industry’s growth in terms of production and revenue.Middle East & Africa . TABLE 1 SOME OF THE LEADING COMPANIES IN THE MIDDLE EAST AND AFRICA (MEA) HVAC MARKET 1 Zamil Air Conditioners 2 Carrier Corporation (UTC Building & Industrial Systems Company) 3 LG Electronics 4 Samsung Electronics 5 Daikin 6 Panasonic 7 Johnson Controls 8 Mitsubishi Heavy Industries.

Middle East & Africa . Air conditioners (ACs) products are expected to be the leader in the MEA HVAC market over the forecasted period (2015-2022). in the Middle East and Africa (MEA) region. by product. ACs share of HVAC units was XX million units which is expected to reach XX million units at a CAGR of XX% from 2015-2022. 2014-2022 (MILLION UNITS & $MILION) 2014 2015 2017 2019 2021 2022 Source: BIS Research Analysis The figure above shows volume (million units) of the HVAC market. BY PRODUCT.Heating. The figure above also shows the value ($ million) of the HVAC market. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. 2015–2022 2 EXECUTIVE SUMMARY FIGURE 4 MEA: HVAC MARKET SIZE. BIS Research 12 . in the Middle East and Africa (MEA) region. by product. As of year 2014.

ACs share of HVAC units was $XX billion which is expected to reach $XX billion at a CAGR of XX% from 2015-2022. industrial. The growth of HVAC products is forecasted because of surge in residential.Heating.Middle East & Africa . cooling equipments share of HVAC units was XX million units which is expected to reach XX million units at a CAGR of XX% from 2015-2022. by equipment and component. BIS Research 13 . 2015–2022 As of year 2014. Cooling equipments are expected to be the leader in HVAC units over the forecasted period (2015-2022). Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. (MILLION UNITS & $MILION) 2014 2015 2017 2019 2021 2022 Source: BIS Research Analysis The figure above shows the volume (million units) of the HVAC market. FIGURE 5 MEA: HVAC MARKET SIZE. 2014- 2022. As of year 2014. BY EQUIPMENT AND COMPONENT. in the Middle East and Africa (MEA) region. commercial and institutional projects in the MEA region by leading real estate developers as well as government projects.

the residential application share of HVAC BIS Research 14 . Engineering and Plumbing) contractors.Middle East & Africa . by application. BY APPLICATION. in the Middle East and Africa (MEA) region. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. in the Middle East and Africa (MEA) region. Residential applications are expected to be the leader in usage for HVAC units over the forecasted period (2015-2022). 2014-2022 (MILLION UNITS & $MILION) 2014 2015 2017 2019 2021 2022 Source: BIS Research Analysis The figure above shows volume (million units) of the HVAC market. FIGURE 6 MEA: HVAC MARKET SIZE. The growth of HVAC equipment and component is forecasted because of demand from global as well as regional HVAC manufacturers and MEP (Mechanical. As of year 2014.Heating. As of year 2014. by equipment and component. cooling equipments share of HVAC units was $XX billion which is expected to reach $XX billion at a CAGR of XX% from 2015-2022. 2015–2022 The figure above also shows the value ($ million) of the HVAC market.

Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. This growth is forecasted because of upcoming urban housing projects providing high end luxury apartments. The figure above also shows the value ($ million) of the HVAC market. by application. BY GEOGRAPHY. residential towers.Middle East & Africa . and dormitories in religious places. the residential application share of HVAC units was $XX billion which is expected to reach $XX billion at a CAGR of XX% from 2015-2022. 2014-2022 (MILLION UNITS & $MILLION) 2014 2015 2017 2019 2021 2022 Source: BIS Research Analysis BIS Research 15 . in the Middle East and Africa (MEA) region. villas. rooms. FIGURE 7 MEA:HVAC MARKET SIZE. 2015–2022 units was XX million units which is expected to reach XX million units at a CAGR of XX% from 2015-2022. As of year 2014.Heating.

the other alternate source is geothermal energy. The region is famous for its rich oil reserves and the growing economy because of high revenue generations by exporting oil worldwide. the cost of utility-scale solar installations is declining continuously and thus solar power in Saudi Arabia has achieved great parity which can produce electricity at costs comparable to conventional sources. Moreover. the current trends of energy consumption in the region suggest that in future.Heating. 2015–2022 3 MIDDLE EAST AND AFRICA HVAC – MARKET DYNAMICS 3. One such alternate source is solar energy. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast.1 MARKET OPPORTUNITY This section identifies the opportunities in the HVAC market across the Middle East and Africa (MEA) region.1. The market opportunity discussed in the following section include shift towards renewable sources of energy.Middle East & Africa . However. These opportunities come at a time when there is rise in urban population and unprecedented growth in infrastructure developments. BIS Research 16 . Though there are also certain challenges in the region for the HVAC market players but the opportunities are expected to overpower the challenges.1 SHIFT TOWARDS RENEWABLE S OURCES OF ENERGY Renewable energy resources will soon become indispensable across the Middle East and Africa (MEA) region. 3. HVAC market possesses a lot of opportunities across the MEA region which is untapped. countries across the MEA region need to develop alternate sources of energy (renewable) to fulfill its growing energy demands as the current oil prices are rising and reserves are depleting.

residential. FIGURE 8 KEY MARKET DEVELOPMENT STRATEGIES XX% A XX% B XX% C D XX% Source: BIS Research Analysis BIS Research 17 .Middle East & Africa . This is mainly because of the rise in infrastructure projects which require building. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast.1 COMPETITIVE LANDSCAPE The) heating. institutional and industrial projects.Heating. The governmental institutions across the region are also implementing essential regulations and encouraging HVAC manufacturers. ventilation. 2015–2022 4 MIDDLE EAST AND AFRICA HVAC – COMPETITIVE SUMMARY 4. designing and operating HVAC units for various applications. and air conditioning (HVAC) industry in the Middle East and Africa (MEA) region is proving to be a market full of opportunities for global as well as regional players. developers and system integrators to develop energy efficient HVAC units for various commercial.

buyers are concerned with the output and performance of an HVAC system. Hence. Buyer's switching cost: Any HVAC system has a product lifecycle of 15-20 years. Ingersoll Rand. Presence of substitutes: There are hardly any substitutes present in Middle East and Africa market for HVAC systems. However. However. Therefore. relative to the number of suppliers. the industry concentration relative to buyer’s concentration will change from medium to low.Heating. Brand Identity: HVAC market in Middle East and Africa is dominated by strong global market players such as Zamil Air Conditioners. the information about the product is perhaps on the medium-lower side among the buyers.Middle East & Africa . and Johnson Controls among others.2 PORTER’S FIVE FORCES ANALYSIS 4. there is very small product differentiation in HVAC systems provided by different suppliers. Buyer information about supplier’s product: Generally.1 BARGAINING POWER OF BUYER Industry concentration relative to buyer’s concentration: The number of buyers in the HVAC market of the Middle East and Africa is definitely more than the number of suppliers. therefore. LG. it is expected that due to the climate and growing population the number of buyers will only increase. Product Differentiation: HVAC systems that are currently available in Middle East and Africa market are more or less similar in nature. Very few are concerned about the technicalities of it like the cost required for its maintenance etc. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. 2015–2022 4. Installing an HVAC system requires a considerable amount of cost input. it will be difficult to switch from one supplier to another. due to the increasing energy consumption and related BIS Research 18 . Hence. buyers have more bargaining power in terms of product differentiation. The difference is not very high because Middle East and Africa has both local and international companies providing HVAC solutions with a range of prices suiting the needs of the customers. Shaker Group. therefore. These are established brand names and therefore the buyers have relatively lesser bargaining power.2.

2015–2022 factors. BIS Research 19 .Heating. renewable energy based HVAC units such as solar energy based HVAC systems and geothermal systems are gaining popularity. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast.Middle East & Africa .

cooling equipments are expected to be the leader in HVAC units over the forecasted period (2015-2022). VOLUME. BY EQUIPMENT AND COMPONENT. As of year 2014.1. in the Middle East and Africa (MEA) region. 2014-2022.1 INTRODUCTION 5.Middle East & Africa . Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast.Heating.1 MARKET STATISTICS TABLE 2 HVAC MARKET IN MEA. cooling equipments share of HVAC units was XX million units which is expected to reach XX million units at a CAGR of XX% from 2015- BIS Research 20 . by equipment and component. 2015–2022 5 HVAC EQUIPMENT AND COMPONENTS MARKET 5. (MILLION UNITS) CAGR% Equipment and 2014 2015 2017 2019 2021 2022 (2015- Component 2022) Fan coil unit XX XX XX XX XX XX XX Air handling unit XX XX XX XX XX XX XX Heating equipment XX XX XX XX XX XX XX Cooling equipment XX XX XX XX XX XX XX Ventilation equipment XX XX XX XX XX XX XX Other equipments XX XX XX XX XX XX XX Total XX XX XX XX XX XX XX Source: BIS Research Analysis The table above shows volume (million units) of the HVAC market. As per the table.

FIGURE 9 HVAC MARKET IN MEA. 2015–2022 2022. As of year 2014. ventilation equipment and other equipments are expected to show a growth trend over the period (2015-2022). BY EQUIPMENT AND COMPONENT. Heating equipment. VALUE.Heating. AHU share of HVAC units was XX million units which is expected to reach XX million units at a CAGR of XX% from 2015-2022. This growth trend of HVAC units is followed by air handling unit (AHU). 2014-2022 ($MILLION) XX XX XX XX XX XX XX XX XX XX XX XX 2014 2015 2017 2019 2021 2022 Fan coil unit Air handling unit Heating equipment Cooling equipment Ventilation equipment Other equipments Source: BIS Research Analysis BIS Research 21 . A major trend that can be seen from the table is that fan coil units (FCUs) are expected to show a decline in demand over the forecasted period as more advanced air handling units (AHUs) will take over them in different functions of modern HVAC units. This rate of growth is on account of surge in industrial and commercial projects in the MEA region by leading developers which are awarding big HVAC contracts to global as well as regional HVAC manufacturers and MEP (Mechanical. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. As of year 2014. Engineering and Plumbing) contractors.Middle East & Africa . FCU share of HVAC units was XX million units which is expected to reach XX million units at a CAGR of -XX% from 2015-2022.

FCUs share in ACs was $XX million which is expected to decline to $XX million at a CAGR of -XX% from 2015-2022. As of year 2014. 5. by equipment and component. VALUE.Heating. 2014-2022 ($MILLION) XX XX ($Million) XX XX XX XX 2014 2015 2017 2019 2021 2022 Heating Ventilation Air Conditioners Source: BIS Research Analysis The figure above shows HVAC value ($Million) of fan coil units (FCUs) in the MEA region by product types.2. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. BY PRODUCT TYPE.1.2 FAN COIL UNIT FIGURE 10 FAN COIL UNIT: HVAC MARKET IN MEA.1 Market Trends The recent market trend in the fan coil unit (FCU) market in the Middle East and Africa region has been on introducing energy efficient FCUs that can be used for both residential and BIS Research 22 . 2015–2022 The figure above shows the value ($Million) of the HVAC market. in the Middle East and Africa (MEA) region. 5. This is followed by a decline in heating and ventilation products over the forecasted period (2015-2022).Middle East & Africa .1.

as on July 2015. UTC Building & Industrial Systems Middle East and Turkey was awarded the U.Heating. Some of the leading manufacturers have got global recognitions also for implementing latest FCUs in the next generation green buildings. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast.Middle East & Africa . Otis. The XX-sq-ft office on Sheikh Zayed Road (Dubai) includes group companies such as Carrier Middle East.S. BIS Research 23 . All the units are part of United Technologies Corp. and UTS Carrier and Kidde. 2015–2022 commercial HVAC projects. Green Building Council Leed (Leadership in Energy and Environmental Design) Gold certification for using latest FCU units in its office complex. For example.

Middle East & Africa . 2014-2022.1. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. by application. (THOUSAND UNITS) CAGR% Application 2014 2015 2017 2019 2021 2022 (2015- 2022) Commercial XX XX XX XX XX XX XX Residential XX XX XX XX XX XX XX Institutional XX XX XX XX XX XX XX Industrial XX XX XX XX XX XX XX Hospitality XX XX XX XX XX XX XX Others XX XX XX XX XX XX XX Total XX XX XX XX XX XX XX Source: BIS Research Analysis The table above shows volume (thousand units) of the HVAC heating products in the Middle East and Africa (MEA) market. VOLUME. BY APPLICATION. 2015–2022 6 MEA HVAC PRODUCTS MARKET 6. heating product share of industrial applications was XX million units which is expected to reach XX million units at a CAGR of XX% BIS Research 24 . As of year 2014. As per the table.1 MARKET STATISTICS TABLE 3 HEATING PRODUCTS: HVAC MARKET IN MEA. heating products are expected to be the leader in industrial applications over the forecasted period (2015-2022).Heating.1 HEATING 6.

Heating. Commercial. heating product share of hospitality applications was XX thousand units which is expected to reach XX thousand units at a CAGR of XX% from 2015-2022.Middle East & Africa . As of year 2014. residential. institutional and other applications also follow a growing demand for heating products over the forecasted period (2015-2022). This is followed by demand from hospitality applications. VALUE. This rate of growth is on account of large demand for heating products in industrial projects. 2015–2022 from 2015-2022. FIGURE 11 HEATING PRODUCTS: HVAC MARKET IN MEA. BY APPLICATION. by application. 2014-2022 ($MILLION) XX XX XX ($Million) XX XX XX XX XX 2014 2015 2017 2019 2021 2022 Commercial Residential Institutional Industrial Hospitality Others Source: BIS Research Analysis The figure above shows value ($Million) of the HVAC heating products in the Middle East and Africa (MEA) market. BIS Research 25 . Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast.

Heating. This rate of growth is on account of large demand for heating products in industrial projects. As of year 2014.Middle East & Africa . Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. 2015–2022 As per the figure. heating product share of industrial applications was $XX million which is expected to reach $XX billion at a CAGR of XX% from 2015-2022. BIS Research 26 . heating products are expected to be the leader in industrial applications over the forecasted period (2015-2022).

residential towers.Heating.1 RESIDENTIAL The HVAC market in the residential sector is also witnessing a major growth across the Middle East and Africa region.Middle East & Africa . and dormitories in religious places and energy efficient product launches for the high end and low end residential buildings.1. As per the table. rooms. 7. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast.1 MARKET STATISTICS TABLE 4 RESIDENTIAL APPLICATION: HVAC MARKET IN MEA. BY PRODUCT TYPE. villas. As of year 2014. VOLUME. owing to various upcoming urban housing projects providing high end luxury apartments. 2015–2022 7 MEA HVAC MARKET BY APPLICATION 7. 2014-2022. air conditioners share was XX million units which is expected to reach XX million units at a CAGR of XX% from 2015- BIS Research 27 . (THOUSAND UNITS) CAGR% Product Type 2014 2015 2017 2019 2021 2022 (2015- 2022) Heating XX XX XX XX XX XX XX Ventilation XX XX XX XX XX XX XX Air Conditioners XX XX XX XX XX XX XX Total XX XX XX XX XX XX XX Source: BIS Research Analysis The table above shows HVAC volume (thousand units) in residential applications in the MEA region by product types. air conditioners products are expected to be the leader in residential applications over the forecasted period (2015-2022).

This rate of growth is on account of various activities happening to develop large residential projects in the region which will drive the demand for HVAC units.Middle East & Africa . This rate of growth is on account of various activities happening to develop large residential projects in the region which will drive the demand for HVAC units. air conditioners share was $XX billion which is expected to reach $XX billion at a CAGR of XX% from 2015-2022. BY PRODUCT TYPE.Heating. As per the figure. VALUE. 2014-2022 ($MILLION) XX XX XX ($Million) XX XX XX 2014 2015 2017 2019 2021 2022 Heating Ventilation Air Conditioners Source: BIS Research Analysis The figure above shows HVAC value ($Million) in residential applications in the MEA region by region. This growth trend of HVAC units is followed by ventilation and heating products. FIGURE 12 RESIDENTIAL APPLICATION: HVAC MARKET IN MEA. 2015–2022 2022. This growth trend of HVAC units is followed by ventilation and heating products. As of year 2014. BIS Research 28 . air conditioners products are expected to be the leader in residential applications over the forecasted period (2015-2022). Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast.

VOLUME. BY REGION. This rate of growth is on account of various activities going on in developing big real estate projects in the region which will drive the demand for HVAC units. Middle East share was XX million units which is expected to reach XX million units at a CAGR of XX% from 2015-2022. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. 2014-2022 (MILLION UNITS) CAGR% Region 2014 2015 2017 2019 2021 2022 (2015- 2022) Middle East XX XX XX XX XX XX XX Africa XX XX XX XX XX XX XX Total XX XX XX XX XX XX XX Source: BIS Research Analysis The table above shows HVAC volume (million units) in residential applications in the MEA region by region. Middle East region is expected to be the leader in residential applications over the forecasted period (2015-2022). As of year 2014.Middle East & Africa . BIS Research 29 . As per the table. 2015–2022 TABLE 5 RESIDENTIAL APPLICATION: HVAC MARKET IN MEA. the share of Africa region was XX million units which is forecasted to reach XX million units at a CAGR of XX% from 2015-2022.Heating. As of year 2014.

Middle East & Africa . Middle East share was $XX billion which is expected to reach $XX billion at a CAGR of XX% from 2015-2022. VALUE. This rate of growth is on account of various activities going on in developing big real estate projects in the region which will drive the demand for HVAC units. 2015–2022 FIGURE 13 RESIDENTIAL APPLICATION: HVAC MARKET IN MEA. the share of Africa region was $XX billion which is forecasted to reach $XX billion at a CAGR of XX% from 2015-2022.Heating. As of year 2014. 2014-2022 ($MILLION) XX XX XX XX ($Million) XX XX XX XX XX 2014 2015 2017 2019 2021 2022 Middle East Africa Source: BIS Research Analysis The figure above shows HVAC value ($Million) in residential applications in the MEA region by region. BY REGION. Middle East region is expected to be the leader in residential applications over the forecasted period (2015-2022). BIS Research 30 . Some of the key developments in the residential sector which have helped the growth of HVAC players across the region are discussed under the key developments section. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. As per the figure. As of year 2014.

The product supports XX square meters of cooling. refrigerant pump systems. automatic tube cleaning systems. and consumes up to 30 per cent less energy. 2015–2022 7.A. for the project. had a contract with partner Al Fouzan Trading & General Construction Co. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. Samsung Electronics introduced third generation Digital Variable Multi System (DVMS) for price conscious East African residential April 2015 Samsung market (Nairobi. Kenya). a wholly-owned subsidiary of Zamil Industrial Investment Company. Samsung launched latest VRF (Variable Refrigerant Flow) technology based air conditioning products for the African booming residential market. The product is best suited for high rise residential buildings (and smaller commercial outlets). ($XX million) to provide 80 custom water-cooled centrifugal chillers (total cooling Zamil Central Air capacity of XX tons of refrigeration). 43 per cent less building space.2 KEY MARKET DEVELOPMENTS TABLE 6 RESIDENTIAL APPLICATION: KEY MARKET DEVELOPMENTS (2014-2015) Company/ Date Development Organization Zamil Central Air Conditioners (ZAC).1. and inverters. Arabian Air Arabian Air Conditioning Company Limited and Carrier Saudi April 2015 Conditioning Service Company Limited (joint venture between Carrier and E.Heating.Middle East & Africa . being April 2015 Conditioners developed by the Saudi Real Estate Development Company. (ZAC) The Chiller package will include chiller plant management systems. BIS Research 31 .

UAE.Heating. The mega project is divided into 11 2014 Engineering projects. The Residences and South Ridge). The major project includes Dubai Mall. and building management for the project. (UAE) Burj Khalifa. The company will be providing HVAC services (including other MEP facilities) to various low-rise residential buildings (such as The Old Town and The Old Town Island) and high-rise residential buildings (such as Emaar Boulevard. the Address Downtown Dubai hotel. ventilation and air-conditioning). Al Shirawi Electrical and Mechanical Engineering (UAE) won luxury residential project. Japanese company Daikin was allowed the Emirates Quality Mark October (EQM) certification by the Emirates Authority for Standardization Daikin 2014 and Metrology (ESMA) for supplying residential air conditioners in UAE and other Middle Eastern markets. electrical systems. 118 at Downtown Dubai (earlier known as Downtown Burj Dubai).Middle East & Africa . plumbing and firefighting. Al Shirawi Electrical and The Downtown will provide unique package of 27 spacious. non-ozone depleting refrigerant and complies with the latest Saudi Arabian Standards Organization (SASO) regulations. The company will provide MEP systems such as the HVAC (heating. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. 2015–2022 Company/ Date Development Organization Company Juffali & Brothers Limited) launched energy efficient HVAC products Limited and (Xpression Pro Hi Wall unit with a unique ionizer filtration system Carrier Saudi and the DesertMaster roof top package units) for the regions Service residential (and light commercial) markets. and Dubai Fountain. July 2014 Saudi Arab Saudi Arab (Madinah) government launched a $XX billion housing BIS Research 32 . Company Limited Both the latest products work on Puron. full-floor November Mechanical unfurnished residences. Burj Park Island. the R-410A.

The product is specifically designed for July 2014 LG Electronics use with small capacity generators as per the consumer demand in Nigeria.000 people. LG Electronics introduced fourth-generation Multi V VRF May 2014 LG Electronics (Variable Refrigerant Flow) series for big residential developments such as Baniyas Investment and Development (Bawabat Al Sharq – 23 apartments and 129 villas). May 2014 Company PJSC (Tabreed) The cooling plant will provide XX tons of cooling (an energy saving of approximately XX% compared to traditional cooling methods) to residential towers (and commercial towers) in West Bay. Source: BIS Research Analysis BIS Research 33 . project The project will cover an area of around XX million square meters and the towers have the capacity to accommodate more than 120. Dubai based district cooling service provider. National Central Cooling Company PJSC (Tabreed) signed a contract with Qatari Cool (Qatar) to develop fourth district cooling plant in the State of Qatar. The project will also create an extra 40.Heating. Abu Dhabi (UAE).000 rooms close to the Prophet’s Mosque in Madinah to serve the requirements of visitors to the holy place. LG introduced “LG GEN COOL Inverter V Air Conditioner” for the Nigerian residential martket. one of Doha’s most high end developments. One of the leading HVAC players in the Middle East and African market. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. 2015–2022 Company/ Date Development Organization (Madinah) project that will comprise of 100 residential towers with four-star to government five-star hotels. National Central Cooling The project is expected to get completed by 2016.Middle East & Africa .

Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. BIS Research 34 . among others. 2015–2022 8 HVAC REGULATIONS IN MIDDLE EAST AND AFRICA 8. Each category is allocated a weight based on “Analytical Hierarchy Process” (AHP). The two major clauses in the standard that include energy efficiency and labeling requirements include UAE .Middle East & Africa .S 5010 – 5: 2014. 8. The prime purpose of GSAS/QSAS is to create a sustainable built atmosphere that lessens ecological impact while addressing the detailed regional requirements and environment of Qatar. IE4 is for mechanical ventilation and IE5 is for “Indoor Chemical and Pollutant Source Control”. non-ducted air conditioners (ACs). As per the standard.1 GLOBAL (OR QATAR) SUSTAINABILITY ASSESSMENT SYSTEM Gulf Organization for Research and Development (GORD) launched the Global Sustainability Assessment System (GSAS) on June 2012.Heating. It is a green building certification system build up for the State of Qatar. One of the eight categories is indoor environment (IE) having a weightage of XX%.2 EMIRATES AUTHORITY FOR STANDARDIZATION AND METROLOGY (ESMA) The origin of this standard is United Arab Emirates (UAE). UAE .S 5010 -1: 2014 addresses energy-efficiency-labeling requirements for single-package and split-system. The complete GSAS rating system determines and estimates every project on eight key aspects or categories that have a direct impact on easing environmental pressure. This includes IE3 which is for “Natural Ventilation”.S 5010 -1: 2014 and UAE . as the standard for excellence on sustainability in the MENA region (Qatar).

LG Electronics. Carrier Saudi Subsidiaries Service Company Limited (Joint Venture between Carrier and E. Trane Inc. Competitors Lennox International.S. Carrier provides high-technology heating. Controls & Security business segment which falls under UTC Building & Industrial Systems.Middle East & Africa . BIS Research 9. Year of Establishment 1902 Ownership Type Public Company Type Manufacturer Number of Employees 124.carrier.1.. Daikin Industries Ltd.1.A.1 SUMMARY Particular Specific (as of 2015) Website www.000 Parent Company United Technologies Arabian Air Conditioning Company Limited.com Carrier World Headquarters Contact Details One Carrier Place Farmington. among others Source: Carrier Corporation Website. Panasonic..2 PRODUCT PORTFOLIO Under the “Carrier” brand name (part of UTC Climate.1 CARRIER 9. and Zamil Air Conditioners. Juffali & Brothers Limited) Johnson Controls. 2015–2022 9 COMPANY PROFILES 9. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. air conditioning and refrigeration BIS Research 35 . Conneticut 06034-4015 U. a unit of United Technologies Corporation (UTC) group).Heating. Samsung. LinkedIn.

building automation and energy services for a variety of building types and applications including Green Buildings. 2015–2022 solutions for residential. vertical freezers.Middle East & Africa . BIS Research 36 . industrial and transportation markets. commercial. and refrigeration system and controls. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. Controls & Security Carrier Brand Home Building Transport Commercial Comfort Solutions Refrigeration Refrigeration Source: BIS Research Analysis Home Comfort category provides residential heating and air conditioning solutions. heating. The product portfolio of the Carrier brand includes four categories as shown in the following figure: FIGURE 14 CARRIER PRODUCTS SNAPSHOT UTC Building & Industrial Systems UTC Climate. heat pumps and ductless systems along with others. wall sited cases. This includes furnaces. air conditioners. central air conditioners. Commercial Refrigeration category includes refrigerated multi desks. Building Solutions category offers long term solutions in air conditioning.Heating.

Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. 2015–2022 Transport Refrigeration category provides refrigeration solutions that allow for precise control of temperature and humidity. 2012-2014 ($BILLION) XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX Source: UTC Annual Report.Heating. BIS Research Analysis BIS Research 37 . 9.Middle East & Africa . preserving all types of perishable cargo.1.3 FINANCIALS FIGURE 15 UNITED TECHNOLOGIES CORPORATION (UTC) OVERALL FINANCIALS.

BY BUSINESS SEGMENT.Middle East & Africa . Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast.Heating. 2012-2014 ($BILLION) XXXX XXXX XXXX Source: UTC Annual Report. 2012-2014 ($BILLION) XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX Source: UTC Annual Report. BY REGION. 2015–2022 FIGURE 16 UNITED TECHNOLOGIES CORPORATION (UTC): FINANCIALS. BIS Research Analysis Note: “Others” include Middle East Region HVAC Market Revenue BIS Research 38 . BIS Research Analysis FIGURE 17 UNITED TECHNOLOGIES CORPORATION (UTC): FINANCIALS.

EnergyX and SystemVu controller. Green Building Council Leed (Leadership in Energy and July Environmental Design) Gold certification.1. Carrier introduced latest system. Certification 2015 The office includes Carrier’s (UTC Building & Industrial Systems company) high-efficiency chilled water fan coil units. Middle East and Turkey (Dubai office).Middle East & Africa . 2015 Product Launch monitoring operations in a chiller plant. 2015–2022 9. Product Carrier introduced Infinity Series systems for providing January. Carrier introduced an energy efficient air ventilation January.A. Arabian Air Conditioning Company Limited and Carrier Saudi Service Company Limited (joint venture between Carrier and E.4 KEY DEVELOPMENTS Date Strategy Description UTC Building & Industrial Systems.S. The AC products were launched at the 2015 China Refrigeration Exhibition in Shanghai. WeatherMaker for rooftop units.Heating. Juffali & Brothers Limited) launched April 2015 Product Launch energy efficient HVAC products (Xpression Pro Hi Wall unit with a unique ionizer filtration system and the DesertMaster roof top package units) for the regions residential (and light commercial) markets. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. 2015 Product Launch system. was awarded the U. Carrier introduced AquaForce 30XAV air-cooled variable- speed screw chiller. AquaFlow VWV family and the Carrier Floor Standing series air conditioning solutions for light commercial and residential market (including April 2015 Product Launch Middle East and Africa). 2015 Development upgraded ductless solution to commercial and residential BIS Research 39 . ChillerVu for January.

2015–2022 Date Strategy Description applications. Carrier (UTC Building & Industrial Systems) was awarded a contract for the Midfield Terminal Complex at December. Alarko Carrier introduced latest air conditioning August Product Launch equipments. the ActivAIR 361U that featured improved energy January 2014 Product Launch efficiency and performance along with providing increased value and benefit to the building owner. the 30RB January 2014 Product Launch with Greenspeed intelligence that enabled higher efficiency and optimized performance. Carrier introduced latest anti-tamper refrigerant seal system that guaranteed an advanced level of refrigerant May 2014 Product Launch reliability and traceability for container refrigeration systems Carrier released redesigned perimeter induction terminal unit. Product Carrier redesigned Airstream 42V Vertical Floor Fan Coil January 2014 Development to enhance performance and serviceability. systems and apparature for public and 2014 private hospitals across Turkey. Carrier 39HQ air handling units. manufactured at Alarko Gebze Plant were selected for the Dubai International April Airport project (Concourse 4).Heating. 2014 Contract the Abu Dhabi International Airport for supplying 16 expanded-capacity chillers Carrier wins patent rights for Infinity Series technology September. Contract 2014 The total AHUs order cost for the project was $XX million. Carrier announced newest AquaSnap chiller. BIS Research 40 . Patent Rights against lawsuit filed against Goodman Manufacturing 2014 Company for patent breach.Middle East & Africa . Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast.

2015–2022 Date Strategy Description Carrier introduced new comfort series energy recovery September 2013 Product Launch ventilator provided with compact design and easy installation Carrier released Performance 80 58C TW two-stage. Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. BIS Research Analysis Daikin Industries Ltd. variable-speed gas furnace.Middle East & Africa .Heating. which offers unmatched September 2013 Product Launch comfort in its class with Comfort Heat Technology and up o XX% Annual Fuel Utilization Efficiency Carrier earned coveted Partners Of Choice Award from July 2013 Event David Weekly Homes marking the first time the company had been honored for this distinction Carrier expanded its Geothermal Water Source Heat Product January 2013 Pumps to include a 100 percent dedicated outdoor air Development application from XX to XX tons Carrier introduced ADVANTE3C optimized central plant January 2013 Product Launch solutions that reduced cooling energy consumptions up to XX% Source: Carrier Corporation Website. BIS Research 41 .

Ventilation & Air Conditioning (HVAC) Market – Estimation & Forecast. Market reports are based on expectations. are inherently subject to market fluctuations and business. economic and competitive uncertainties and contingencies For more details regarding permission. by any medium or in any form for any purpose. published or reproduced. in whole or in part. without the express written consent of BIS Research. report or otherwise. 2015–2022 DISCLAIMER BIS Research provides valuable market intelligence to an exclusive group of customers in response to orders. Customer will not disclose the contents of the report.Heating. Any recommendation contained in this report may not be suitable for all investors or businesses. whether directly in any media or indirectly through incorporation in a database. or use or permit the use of Information to generate any statistical or other information that is or will be provided to third parties. while considered reasonable by BIS Research as of the date of such statements. The report is licensed for the customer's internal use only and is subject to restrictions set henceforth. This document and its contents are confidential and may not be further distributed. or voluntarily produce Information in legal proceedings.Middle East & Africa . The market conclusions drawn are necessarily based upon a number of estimates and assumptions that. please contact us: Email: sales@bisresearch.com Tel: +1 650 228 0182 BIS Research 42 . estimates and projections as of the date such information is available. marketing list.