{"id":517431,"date":"2020-11-14T10:46:01","date_gmt":"2020-11-14T10:46:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=517431"},"modified":"2020-11-14T10:46:01","modified_gmt":"2020-11-14T10:46:01","slug":"hvac-industry-in-uae-is-booming-due-to-expansion-of-hospitality-sector","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/hvac-industry-in-uae-is-booming-due-to-expansion-of-hospitality-sector_517431.html","title":{"rendered":"HVAC Industry in U.A.E is Booming due to Expansion of Hospitality Sector"},"content":{"rendered":"
\"HVAC<\/a><\/div>\n
U.A.E. heating, ventilation, and air conditioning market at a CAGR of 5.2% during forecast period by P&S Intelligence.<\/div>\n

As per the government of the U.A.E., almost 7% of all investments made in the country in 2017 went to the travel and tourism sector. This factor is predicted to drive the U.A.E. heating, ventilation, and air conditioning (HVAC) market at a 5.2% CAGR between 2020 and 2030, to take it to $2,774.7 million by 2030, from $1,873.1 million in 2019. Sleek skyscrapers, luxurious hotels, thrilling amusement parks, grand mosques, and rich history and culture have made the U.A.E. a popular holiday destination.<\/p>\n

Seeing the country’s tourism potential, the government here is taking numerous steps to cater to the increasing number of vacationers and business travelers, by encouraging the construction of hotels, malls, public transport systems, and other commercial infrastructure. This would give a massive boost to the U.A.E. HVAC market<\/a>, as, after completion, all such commercial spaces would be equipped with an array of cooling and ventilation equipment.<\/p>\n

Download sample copy of this report: https:\/\/www.psmarketresearch.com\/market-analysis\/uae-hvac-market\/report-sample<\/a><\/strong><\/p>\n

In the years to come, the ventilation category, on the basis of equipment, is predicted to witness the highest CAGR, of 6.0%, in the U.A.E. HVAC market. A large number of commercial infrastructure projects, such as metro systems and shopping malls, are under construction in the country, and, once complete, numerous types of ventilation systems will be installed here.<\/p>\n

The consulting category, based on service, would witness the fastest advance in the U.A.E. HVAC market in the years to come. For awareness on whether their HVAC equipment requires maintenance, overall or complete replacement, users are hiring technicians for a thorough review, followed by a service recommendation.<\/p>\n

In the past, the commercial end-user division held the largest share in the U.A.E. HVAC market. The country, especially Abu Dhabi and Dubai, attracts a large number of businesspersons from overseas, which is why new office complexes are being constructed here. Similarly, the hospitality sector of the country is also witnessing growth, with more than 200 projects with around 56,700 rooms under construction here.<\/p>\n

Browse full report at: https:\/\/www.psmarketresearch.com\/market-analysis\/uae-hvac-market<\/a><\/strong><\/p>\n

The major players in the U.A.E. HVAC market are LG Electronics Inc., Johnson Controls International plc, Gree Electric Appliances Inc. of Zhuhai, Mitsubishi Electric Corporation, Danfoss A\/S, Trane Technologies plc, Midea Group Co. Ltd., Carrier Global Corporation, Zamil Air Conditioners, Daikin Industries Ltd., and S.K.M. Cooling LLC.<\/p>\n

Market Size Breakdown by Segment<\/strong><\/p>\n

By Offering<\/strong><\/p>\n