GCC HVAC Rental Market Comprehensive Analysis and Forecast 2023 to 2028

GCC HVAC Rental Market Overview: 2023-2028
Base Year: 2022
Historical Years: 2018-21
Forecast Years: 2023-2028
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. The GCC HVAC Rental Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.
Markntel Advisor’s GCC HVAC Rental Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, GCC HVAC Rental Market drivers, barriers, GCC HVAC Rental Market Trends, and Key Players in GCC HVAC Rental Market.
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GCC HVAC Rental Market Dynamics: 2023-2028
GCC HVAC Rental Market 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..
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GCC HVAC Rental Market (2023-30): Segmentation Outlook
The market report has segmented the market 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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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.
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