MEA Chiller Market Business Analysis, Growth and Forecast Report

The governments of several countries in the region have made huge investments in infrastructure development projects for upcoming events, such as the FIFA World Cup 2022 and the Dubai Expo 2020 (which has been postponed till 2021). Furthermore, Etihad Rail signed a memorandum of understanding (MoU) with ZonesCorp in March 2019 in order to establish logistics and railway facilities in the Industrial City of Abu Dhabi (ICAD). These facilities are expected to cover an area of around 6 million square meters. The agreement also aims to develop a sustainable railway network for connecting the entire U.A.E.

As per the estimates of the market research organization, P&S Intelligence, the revenue of the MEA chiller market will rise from $1.1 billion in 2018 to $1.3 billion by 2024, registering a CAGR of 3.6% from 2019 to 2024. Scroll, screw, reciprocating, absorption, and centrifugal are the most widely used chiller variants in the MEA region. Amongst these, the demand for screw chillers was found to be the highest during the last few years. Air-cooled and water-cooled are the two main types of screw chillers. Over the last few years, the popularity of the water-cooled variants surged sharply in the region.


This was because these chillers are highly effective, when more than 5 MW of power is required for cooling. However, the sales of the air-cooled variants were observed to be higher in the years gone by. Residential, industrial, and commercial sectors are the major end users of chillers in the region. Amongst these, the requirement for chillers was found to be the highest in the commercial sector in the past. Supermarkets/hypermarkets, government organizations, healthcare facilities, offices and buildings, transportation systems, and hotels and resorts are the major commercial establishments in which chillers are used.

Geographically, U.A.E. is predicted to demonstrate rapid expansion in the MEA chiller market in the upcoming years. This will be because of the surging number of hotel development projects in the country, owing to the soaring tourist footfall. The country is witnessing the development of several tourist attractions, especially in Dubai, such as the Heart of Europe 2020, Dubai Creek Harbour 2025, Marasi Business Bay 2022, Marsa Al Arab 2020, and Jewel of the Creek 2019, which is fueling the surge in the hospitality sector. This is, in turn, propelling the sales of chillers in the country.

Thus, the demand for chillers will soar in the MEA region in the coming years, mainly because of the increasing construction and infrastructure development activities.

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