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GCC Chillers Market Size to Reach USD 656 million in 2024

ReportTok - Daily news and Magazines August 29, 2024

 

Market Insights

As per recent research by MarkNtel Advisors, The GCC Chillers Market size is valued at USD 656 million in 2024 & is projected to grow at a CAGR of around 6.0% during the forecast period, i.e., 2023-28.

GCC Chillers Market Driver:

Extreme Climate Conditions, characterized by High Temperatures & Humidity Levels: The hot and humid climate in the GCC region creates a high demand for cooling systems, including chillers, making it essential for maintaining comfortable indoor environments in residential, commercial, and industrial buildings. Thus, the extreme heat and humidity levels drive the need for efficient and powerful cooling solutions, leading to an increased demand.

  • Daikin chiller for Middle-East EWAD-MZ, an air-cooled screw chiller, is meticulously engineered to thrive in the demanding Middle East environments, effortlessly enduring both the extreme heat prevalent in the region and the corrosive elements that often pose challenges. Using cutting-edge inverter technology, these MZ chillers demonstrate remarkable adaptability to various load demands, regardless of the prevailing conditions. The inverter system continuously fine-tunes the compressor motor's speed, enabling exceptional capacity control, delivering unparalleled efficiency even at partial loads, and generating substantial energy savings in the process.

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Market Segmentation and Consumer Behavior:

By Compressor Type

  • Screw Chillers
  • Scroll Chillers
  • Reciprocating Chillers
  • Turbocor Chillers
  • Centrifugal Chillers
  • Absorption Chillers

By Product

  • Air-Cooled
  • Water-Cooled

By End Users

  • Oil & Gas
  • Chemicals
  • Food & Beverage
  • Healthcare
  • Hospitality
  • Residential
  • Power Utilities
  • Others (Government & Transportation, etc.)

By Capacity

  • Less than 150 Tons
  • 150-1000 Tons
  • 1001-2000 Tons
  • Above 2000 Tons

Read Full Report: https://www.marknteladvisors.com/research-library/global-GCC Chillers-market.html

GCC Chillers Market Geographical Analysis:

By Country:

  • The UAE
  • Saudi Arabia
  • Qatar
  • Kuwait
  • Bahrain
  • Oman

Key Players and Competitive Strategies in the GCC Chillers Market

Several prominent players dominate the GCC Chillers Market, including:

  • Daikin Middle East and Africa FZE
  • Johnson controls
  • K.M Air Conditioning LLC
  • Petra Engineering Industries Company
  • Midea Group
  • Gami Air Conditioners Manufacturing Company L.L.C.
  • Zamil Air conditioners
  • Smardt Chiller Group FZE
  • Dunham-Bush
  • Carrier Corporation

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Questions Addressed in this Study

1.What factors are driving the GCC Chillers Market growth?

2.How is the GCC Chillers Market expected to grow over the next five years?

3.What are the key insights into the current trends in the GCC Chillers Market?

4.What is the current size of the GCC Chillers Market, and how is it projected to change in the future?

5.What is the future outlook for the GCC Chillers Market in terms of technological advancements and market expansion?

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Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

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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ReportTok - Daily news and Magazines

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