Middle East & Africa HVAC Controls Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Component Type (Sensors, Controllers, Smart Vents, and Others), Installation Type (New Installation and Retrofit), System (Temperature Control System, Humidity Control System, Ventilation Control System, and Integrated Control System), and End User (Residential, Commercial, and Industrial)
The Middle East & Africa HVAC controls market is expected to grow from US$ 904.80 million in 2022 to US$ 2,285.42 million by 2028; it is estimated to grow at a CAGR of 16.7% from 2022 to 2028.
With significant investments in commercial construction, infrastructural, and institutional projects such as railway stations, bus terminals, airports, and educational institutions, the construction sector is expanding dramatically in emerging countries of the Middle East & Africa. The growth of the building industry is driven by the rapidly expanding urban population's desire for a higher standard of living. The development of commercial structures, including office buildings, movie theatres, retail malls, and recreational facilities, is accelerating the installation of HVAC systems. A few economies intend to expand their industrial sectors by fostering a welcoming business environment for foreign investors and aiding domestic firms. Moreover, several multinational companies are moving their manufacturing operations to low-cost economies in ASEAN, which is expected to accelerate the number of industrial buildings. As one of the essential systems in the construction process, HVAC system deployment is rising with the expansion of construction activities. Thus, the growing construction sector would drive the demand for HVAC controls in the coming years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Middle East & Africa HVAC controls market. The Middle East & Africa HVAC controls market is expected to grow at a good CAGR during the forecast period.
Middle East & Africa HVAC controls market Revenue and Forecast to 2028 (US$ Million )
Middle East & Africa HVAC controls market Segmentation
The Middle East & Africa HVAC controls market is segmented based on by component type, installation, system, end user, and country. Based on component, the Middle East & Africa HVAC controls market is divided into Sensors, controllers, smart vents, and others. The Sensors segment dominated the Middle East & Africa HVAC controls market in 2022. Based on installation, the Middle East & Africa HVAC controls market is categorized into new installation and retrofit. The retrofit segment dominated the Middle East & Africa HVAC controls market in 2022. Based on system, the Middle East & Africa HVAC controls market is categorized into temperature control system, humidity control system, ventilation control system, and integrated control system. The humidity control system segment dominated the Middle East & Africa HVAC controls market in 2022. Based on end user, the Middle East & Africa HVAC controls market is categorized into residential, commercial, and industrial. The commercial segment dominated the Middle East & Africa HVAC controls market in 2022. Based on country, the Middle East & Africa HVAC controls market is segmented into Saudi Arabia, South Africa, the UAE, and Rest of the Middle East & Africa. The UAE dominated the Middle East & Africa HVAC controls market in 2022.
Carrier Global Corporation; DAIKIN INDUSTRIES, Ltd.; Delta Controls; Distech Control; Emerson Electric Co.; Honeywell International Inc.; Johnson Controls, Inc.; Schneider Electric SE; Siemens AG; and Lennox International Inc. by Altair are among the leading companies in the Middle East & Africa HVAC controls market.
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