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.

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.

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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