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Follow on Google News | Middle East & Africa - HVAC Market: Estimation & Forecast 2015–2022. As of 2014, the total unit shipments for HVAC in Middle east and Africa was 8.88 million and is expected to reach 14.76 million units by 2022, growing at an estimated CAGR of 6.40% from 2015 to 2022.
By: Bisresearch The growth in HVAC market in Middle East and Africa is anticipated on account of growing population, increasing global temperature, harsh weather conditions, rising purchasing power and upcoming construction projects among others. Further, various technological advancements and stringent government laws, aiming to make the HVAC products and equipments more environmental friendly and energy efficientare the two major driving factors of this market. However, high power consumption, increasing demand for energy and shortage of water resources are proving to be principal factors hindering market growth. “The report analyses the market trends for heating, ventilation and air conditioners in MEA with data and estimates from 2014 and projections of HVAC market (commercial and residential) The study has been segregated into HVAC product market types, HVAC equipment and component market types, applications, HVAC market regulations and geography. The research covers various aspects of the HVAC market in the Middle East and Africa (MEA) region, such as its threats responsible for possibly slowing down the market growth and the existing growth opportunities that are going to shape the HVAC market expansion. The report incorporates Porter’s Five Force Model and Value Chain analysis providing an in depth analysis of the market and an assessment of the factors governing it. Going by the growth trends, industry players throughout MEA are adopting different strategies so as to ensure higher market shares. Some of the key market players among others are Lennox International, Honeywell International and Gree Electric Appliances. Middle East and Africa are the geographical regions covered in the report. The Middle East region has been segmented into countries including Saudi Arabia, United Arab Emirates (UAE), Qatar, Kuwait and Rest of the Middle East. The Africa region is further segmented into North Africa (including East Africa and West Africa) and South Africa. About BIS Research(http://bisresearch.com): BIS Research publishes in-depth market intelligence reports focusing on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data and other important market parameters useful in the strategic decision making for senior management. BIS Research provides multi-client reports, company profiles, databases, and custom research services. The market conclusions drawn are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BIS Research as of the date of such statements, are inherently subject to market fluctuations and business, economic and competitive uncertainties and contingencies. End
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