Dublin, June 06, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Middle East and Africa (MEA) Heating, Ventilation, Air-Conditioning, and Refrigeration (HVACR) Market - Analysis and Forecast: 2016-2022 (Focus on: Product Types and Refrigeration Cycle Components)" report to their offering. The demand of regulating temperature expanded from industries to large commercial buildings and household applications. HVACR systems are gradually becoming more of a necessity rather than mere luxury products in countries across the Middle East & Africa (MEA) region. Countries such as Saudi Arabia and the United Arab Emirates (U.A.E.) account for the major share of HVACR market in the MEA region primarily due to perennial hot climate, growing population, infrastructure, along with urban development among others. Middle East HVACR market volume is expected to reach a volume of 6,490.83 thousand units by 2022. The demand for HVACR products in the Middle East market is mainly driven by factors such as rising population, developments in the residential markets, along with growing commercial and industrial units, among others. The Middle East HVACR product market is witnessing a gradual emergence of new cost-effective and energy efficient technologies that meet the required standards and regulations, as well as attempts to fulfill growing customer demands. Africa HVACR market volume is expected to reach a volume of 3,595.48 thousand units by 2022. The demand for HVACR products in the African market is mainly driven by factors such as increasing consumer demands for low-cost, energy efficient products as well as rise in residential, commercial and industrial developments in the region. In 2015, Middle East mini split market volume was largest. The demand for mini split products in the Middle East market is mainly driven by factors such as ease of installation, small size, and less energy consumption in residential and commercial buildings. Highlights
- Qatar HVACR is expected to grow at the highest CAGR during 2016-2022 owing to the higher demand from hospitality and tourism industry because of the FIFA world cup in 2022.
- Saudi Arabia acquired largest volume in 2015. The country faces extreme climatic conditions throughout the year. Furthermore, growth in residential sector is elevating the demand of air conditioners in this country.
- The U.A.E. acquired second largest market in terms of volume because of the purchasing power of the population including the foreign resident workersliving in this country.
- Iran market is expected to remain flat during 2016-2022.
Key Topics Covered: Executive Summary 1 Research Scope and Methodology 1.1 Scope of the Report 1.2 Middle East and Africa HVACR Market Research Methodology 2 Market Dynamics 2.1 Introduction 2.2 Market Drivers 2.2.1 Extreme Weather Conditions 2.2.2 Growing Population and Rapid Urbanization 2.2.3 Increased Construction Activities in Middle East 2.2.4 Better Standards of Living 2.3 Market Challenges 2.3.1 Increasing Demand for Energy 2.3.2 Issue of Global Warming 2.3.3 Adhering to Energy Efficiency Standards 2.4 Market Opportunity 2.4.1 Shift Towards Renewable Sources of Energy 2.4.2 Rising Demand for Energy Efficient HVACR in Green Buildings and Smart Cities 3 Competitive Landscape 3.1 Key Players HVACR Market Share Analysis 3.1.1 Assumptions and Limitations for Market Share Analysis 3.1.2 HVACR Market Share Analysis 3.2 Key Market Developments & Strategies 3.2.1 Product Launches and Developments 3.2.2 Collaborations, Joint Ventures & Partnerships 3.2.3 Business Expansion 3.2.4 Mergers and Acquisitions 3.3 Industry Attractiveness 4 Industry Analysis 4.1 Patent Analysis 4.2 Consortiums, Associations, Acts and Regulatory Bodies 4.3 Value Chain Analysis 5 Middle East and Africa HVACR Market, Analysis and Forecast 6 Company Profiles - Abdul Latif Jameel Electronics and Air Conditioning Co. Ltd. - Al Shirawi Group - Carrier Corporation - Daikin - Delta Construction Manufacturing - Egicat - Egyptian German Air Treatment Co. (EGAT) Group - Golden Star General Enterprises LLC - ICAT International - Ingersoll Rand - Jahanpars Company - Johnson Controls - L.G. Corporation - Leminar Air conditioning LLC - Local HVACR Players in Africa - Local HVACR Players in Middle East region - MEHR ASL Manufacturing Corporation - Mace Macro Technical Services - Midea Group - Miraco Carrier co. - Munter - Petra Engineering Industries Co. - SARAVEL Corporation - SKM Air Conditioning LLC - SMC Air Conditioning - Samsung - Saran Company - Sauter Group - Seder Group - Tiba Manzalawi Group - Trane - Trent Technical - United Technologies Corporation (Carrier) - Zamil Air conditioners - Zamil Industrial (Zamil Air Conditioners) - Gree Electric Appliances Inc. For more information about this report visit http://www.researchandmarkets.com/research/22...e_east_and
CONTACT: Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Related Topics: HVAC (Heating, Ventilation, and Air Conditioning), Industrial Refrigeration
