Middle East and Africa (MEA) Heating, Ventilation, Air-Conditioning, and Refrigeration (HVACR) Market - Analysis and Forecast: 2016-2022
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.
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.
For North Africa, Morocco is expected to grow at the highest CAGR during 2016-2022 because of increasing housing projects in this country. Egypt dominated the HVACR market in 2015 owing to its strategic location (convenient logistic routes) proximity with other markets such as Middle East along with young demographics.
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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.
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.
For North Africa, Morocco is expected to grow at the highest CAGR during 2016-2022 because of increasing housing projects in this country. Egypt dominated the HVACR market in 2015 owing to its strategic location (convenient logistic routes) proximity with other markets such as Middle East along with young demographics.
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