GCC HVAC Rental Market Insight: Industry Size, Growth & Trends From 2023-2028

Markntel Advisors’ report, GCC HVAC Rental Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2028, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the GCC HVAC Rental presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.

GCC HVAC Rental Market Industry Research Report & Market Summary:

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.

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GCC HVAC Rental Market Dynamics:

Key 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:

According to MarkNtel study the market is segmented 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.)

Among these, Centralized Air Conditioners created significant demand for rental HVAC equipment in GCC in the historical years owing to the vast short-term requirement of such air conditioners in different events, exhibitions, and conferences organized in all the countries across the region. In addition, a prerequisite of such systems in halls and large spaces to provide comfort to players and audiences in an increasing number of sports events & cultural programs in countries such as Qatar, and the UAE is widening the market for rental HVAC systems in the region.

By Application

• Construction
• Events
• Breakdown of Equipment

Of these, Construction acquired a considerable share in the GCC Rental market in the past years on account of the large-scale infrastructural development in countries such as the UAE, Saudi, Qatar, Kuwait, etc.

By Duration

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

By Countries

• The UAE
• Saudi Arabia
• Qatar
• Kuwait
• Oman

Among all the countries, the UAE witnessed a huge demand for rental HVAC systems during 2018-2022. This is due to the rapid urbanization and infrastructure development in the country which increased the demand for HVAC rental solutions in the construction sector. Also, the UAE has become a hub for international events and exhibitions, which require temporary HVAC solutions to ensure attendee comfort.

As indicated in the latest market research report published by Markntel Advisors, “GCC HVAC Rental Research Report: Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the GCC HVAC Rental. It encompasses competitor and geographical analyses, as well as recent advancements in the market.

Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/gcc-hvac-rental-market.html

Top Companies Operating in the 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.

Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

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Key Report Highlights:

• Market Dimensions & Projections
• Pricing Evaluation,
• Recent Strategic Moves by Companies,
• Primary Stakeholders,
• Analysis of Import and Export Trends,
• Competitive Landscape Assessment,
• Emerging Opportunities,
• Market Trends and Indicators

Frequently Asked Questions (FAQs)-

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What leading factors would propel and impede the industry across the geography?
4. How has the industry been evolving in terms of geography & GCC HVAC Rental Market adoption?
5. How has the competition been shaping up across the geography?

6. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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