GCC HVAC Rental Market - Industry Trends and Forecast to 2028
MarkNtel Advisors, a prominent market research firm, has recently published a report titled GCC HVAC Rental Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028. This study offers an in-depth examination of the industry, encompassing GCC HVAC Rental market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
GCC HVAC Rental Reports Highlights
What is the size of the GCC HVAC Rental?
The GCC HVAC Rental market is projected to grow at a CAGR of around 3.48% during the forecast period, i.e., 2023-28. This is owing to the presence of hot & harsh climatic conditions in the region, which makes air cooling a requirement for all the inhabitants. This makes HVAC systems essential for maintaining comfortable indoor environments in residential, commercial, and industrial settings, which is further supporting the market for rental HVACs in the region.
GCC HVAC Rental Market Possible Restraint:
Dependency on Import to Disrupt the Market Growth - The GCC Rental HVAC market is highly dependent upon efficient & reliable imports & is vulnerable to disruptions in the global market. Any disruptions to shipping & transportation, such as natural disasters, strikes, or political instability, impact the delivery of HVAC equipment & spare parts to GCC countries, leading to delays & increased costs for companies. Thus, the dependency of HVAC rental companies on imports from countries across the globe may hinder the growth of the market in the upcoming years.
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What Components are Encompassed within GCC HVAC Rental Market segmentation?
The report has divided the market into the following segments:
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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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-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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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.
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