As per current published report by Markntel Advisors the GCC HVAC Rental Market is estimated to grow at a CAGR of around 3.48% during the forecast period, i.e., 2023-28. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.
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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.
The GCC HVAC Rental Market has segmented the market into the following categories:
By Type
(Room Air Conditioners [Split & Window Units, Cassette, Packaged, Others], Centralized Air Conditioners [Chillers, VRFs, Others], Others [Heating Equipment, etc.]),
By Application
(Construction, Events, Breakdown of Equipment),
By Duration
(Short Term [>15 days], Long Term [15 days or more])
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By Region
- The UAE
- Saudi Arabia
- Qatar
- Kuwait
- Oman
- Bahrain
Competitive Environment Featuring Key Players:
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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-The present and projected market outlook in light of recent changes, which include growth prospects and drivers as well as obstacles and constraints in both developed and emerging regions
-Using Porter's Five Forces approach, provides a thorough examination of the market from a variety of angles.
-Uses the value chain to offer market intelligence.
-The state of the market dynamics and potential for future market expansion
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