GCC HVAC Rental Market Overview: 2023-2028
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 2023-2028
The GCC HVAC Rental Market reports delivers an in-depth assessment of market size, share, and emerging trends, offering valuable insights into growth opportunities. It examines market segmentation and definitions, highlighting core components and key drivers of expansion. By applying SWOT and PESTEL analyses, the study evaluates the sector’s strengths, weaknesses, opportunities, and threats, while also considering political, economic, social, technological, environmental, and legal factors. Expert reviews of competitor strategies and recent developments provide a clearer view of regional dynamics and future market trajectories, establishing a strong foundation for strategic planning and informed investment decisions.
What will be the market size of GCC HVAC Rental market 2028?
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.
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Who are the top companies operating in the GCC HVAC Rental market?
The report features prominent companies operating in the GCC HVAC Rental market and the successful strategies they have adopted. It also provides detailed insights into each company’s market share and their role in driving the industry’s growth. As per MarkNtel Advisors, top companies in GCC HVAC Rental market: 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.
What is the key factor projected to fuel growth in the GCC HVAC Rental Market between 2023 and 2028?
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
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)
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How does the GCC HVAC Rental Market vary across different geography?
By Countries
-The UAE
-Saudi Arabia
-Qatar
-Kuwait
-Oman
-Bahrain.
This Section cover detailed analysis of revenue, market share and growth rate, historical data (2020-23) and forecast (2023-2028) of the following segmentation and geography.
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Comprehensive Table of Contents – GCC HVAC Rental Market Analysis and Forecast,
2023-2028
- Table 1: Introduction
- Table 2: Executive Summary
- Table 3: Market Regulations, Policies & Standards
- Table 4: GCC HVAC Rental Market Size, Share & Scope, 2020-2028F
- Table 5: Market Trends & Developments
- Table 6: Market Dynamics (Key Drivers, and Challenges)
- Table 7: Market Hotspots & Opportunities
- Table 8: Market Value Chain Analysis
- Table 9: Market Outlook, 2020-2028F
- Table 10: Market Size & Analysis by Revenues (USD Million):
- Table 11: Market Size & Forecast 2020–2028 by Segmentation
- Table 12: Market Size & Forecast 2020–2028 by Geography
- Table 13: Key Strategic Imperatives for Success & Growth
- Table 14: Competitor Analysis of GCC HVAC Rental Companies
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Key Benefits for Industry Participants and Stakeholders
- Insight into emerging market trends and investment opportunities
- Understanding of regional market dynamics and competitive landscapes
- Data-driven forecasts to support strategic decision-making
- Access to industry benchmarks for performance evaluation
- Identification of potential risks and growth challenges
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