GCC HVAC Rental Market: Forecasted 3.48% CAGR by 2028, Examining Size, Share, and Demand

MarkNtel Advisors has recently published "GCC HVAC Rental Market Analysis Share, Growth, Demand, Forecast  2028," a comprehensive research report that provides in-depth analysis of various factors driving the industry's growth across different geographic regions. This report offers reliable insights into the historical, current, and projected trends, in the GCC HVAC Rental Market, presented through detailed explanations, tables, and figures. It equips stakeholders with valuable knowledge of the industry dynamics, enabling them to strategize effectively before making investment decisions.

The report indicates that the GCC HVAC Rental Market is anticipated to experience a CAGR of approximately 3.48% during the period of 2023-2028. Our analysis encompasses a thorough examination of various environmental factors, economic and social issues, technological advancements, and other relevant aspects that are crucial for stakeholders during decision-making processes. In order to provide a reliable, accurate, and comprehensive understanding of the industry, our analysts have conducted extensive research utilizing tools such as SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and Porter's Five Forces Analysis.

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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.

Recent Developments

• In 2022, Andrews Sykes Climate Rental expanded its rental fleet by introducing dehumidifier rental services for its customers. This was done to incorporate modern technologies to provide customers with enhanced performance but lower operating costs.

Segmenting Success: Unveiling Opportunities in the GCC HVAC Rental Market 2023-2028

The GCC HVAC Rental Market, characterized by its fragmented nature and numerous subdivisions, is thoroughly examined in the report. We provide detailed insights on each segment and geographical location, empowering stakeholders and industry leaders to comprehend the market dynamics and devise new strategies and investments. Furthermore, by gaining a deeper understanding of the ebb and flow within each segment, investors can make well-informed decisions and expand their production and revenue streams in the coming years. The report focuses on key market dynamics, including recent developments, trends, demand and supply chain analysis, purchase patterns, and product/service pricing, among others, within the following segments:

Based on 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.)

Based on Application

- Construction

- Events

- Breakdown of Equipment

Based on Duration

- Short Term (>15 days)

- Long Term (15 days or more)

Geographically, the GCC HVAC Rental Market expands across the following:

- The UAE

- Saudi Arabia

- Qatar

- Kuwait

- Oman

- Bahrain

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Unveiling the Competitive Landscape: Insights into Key Players in the GCC HVAC Rental Market 2023-2028

The report provides a comprehensive competitive analysis, highlighting a key aspect of the industry—the existing players. Each player is extensively profiled, covering vital aspects such as business overview, demand and supply chain, key strategies, latest news, product launches, pricing catalog, recent developments, revenue generation, stakes and investments, and trends. These insights aim to assist stakeholders in diversifying and strategizing their investments and participation in the GCC HVAC Rental Market, ultimately seeking substantial revenue generation over the forecasted years.

- 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

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

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