Saudi Arabia's Chiller Market 2014-2024: Size, Share, Development, Growth & Demand Forecast -

The "Saudi Arabia's Chiller Market 2014-2024: Size, Share, Development, Growth & Demand Forecast" report has been added to's offering.

The Saudi Arabian chiller market is predicted to generate a revenue of $291 million by 2024, progressing at a CAGR of 2.7% during the forecast period (2019-2024). This growth can be majorly attributed to the increasing investments in the tourism sector and commercial infrastructure, and expansion of the overall hospitality industry.

On the basis of chiller type, the Saudi Arabian chiller market is classified into scroll, reciprocating, centrifugal, screw, and absorption, wherein the scroll classification is further bifurcated into water-cooled and air-cooled. Of these, in 2018, the air-cooled type held the larger share of revenue in the market. Air-cooled chillers are being rapidly sold due to the increasing number of small industrial units, medium-sized buildings, and luxury villas that require low-capacity chiller units.

Coming to the end-user, the chiller market in Saudi Arabia is categorized into industrial, commercial, and residential. Out of these, in 2018, the commercial category dominated the market in terms of revenue. This is ascribed to the rise in the number of commercial offices/buildings and expansion in the hospitality sector. Also, the religious tourism sector of the nation is growing, especially on account of infrastructure investments of more than $50 billion in Makkah and Medina. Hence, developments in the construction industry are expected to be a major factor for the growth of the commercial chiller market, which is anticipated to exhibit a healthy CAGR during the 2019-2024 period.

Overall, the expanding tourism sector is accelerating the Saudi chiller market growth. The tourism sector has gained a major place in Saudi Arabia's Vision 2030 economic plan. According to the World Travel and Tourism Council, in 2017, the sector accounted for around 9.4% of the GDP of the country, which is observing a rise in both the international and domestic visitors. For instance, in 2017, international passengers spent nearly $26 billion on tourism, while the total spending from domestic tourists equaled $13 billion.

The food and beverages (F&B) industry use chillers for storing the food at a constant temperature. Chillers are essential to cool wine, sauces, soft drinks, and other foodstuff. Being a desert country with limited scope for farming, Saudi Arabia imports nearly 80% of its edible food items. Screw chillers are widely used in the F&B sector. The Saudi F&B sector is predicted to attain a size of $18.2 billion by 2020; therefore, the growing sales of screw chillers are expected to drive the chiller market in the country.

The Saudi chiller market is highly competitive due to the involvement of a large number of regional and global players. The market is led by Johnson Controls International, Daikin Industries, Zamil Air Conditioners, United Technologies Corporation, and Ingersoll-Rand.

Key Topics Covered

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.3.1 Market Segmentation by Type

1.3.2 Market Segmentation by End-User

1.3.3 Market Segmentation by Region

1.3.4 Analysis Period

1.3.5 Market Data Reporting Unit Value

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.2.1 Breakdown of Primary Research Respondents By Region By Industry Participant By Company Type

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.1.1 By Type Screw Centrifugal Scroll Absorption Reciprocating Direct-fired Hot water Steam Air-cooled Water-cooled

4.1.2 By End-User Commercial Hospitality Transportation Offices & Buildings Supermarket/Hypermarket Healthcare Government Others Industrial Oil & Gas Food & beverage Energy & Utilities Pharmaceutical Automotive Others Residential

4.2 Value Chain Analysis

4.3 Market Dynamics

4.3.1 Trends Increasing Adoption of Magnetic Bearing Chillers Increasing Inclination Toward Absorption Chiller

4.3.2 Drivers Increasing Number of Infrastructural Projects Growing Tourism Sector Increasing Demand from the Food & Beverage Industry Impact Analysis of Drivers on the Market Forecast

4.3.3 Restraint Variable Refrigerant Flow (VRF) System as an Alternative to the Chiller Impact Analysis of Restraints on the Market Forecast

4.3.4 Opportunity Growing Demand for Energy Efficient Chillers

4.4 Porter's Five Forces Analysis

Chapter 5. Saudi Arabia Market Size and Forecast

5.1 by Type

5.1.1 Screw Chiller, by Type

5.1.2 Scroll Chiller, by Type

5.1.3 Reciprocating Chiller, by Type

5.1.4 Absorption Chiller, by Type

5.2 by End-User

5.2.1 Commercial Chiller Market, by Type

5.2.2 Industrial Chiller Market, by Type

5.3 by Region

Chapter 6. Competitive Landscape

6.1 Analysis of Key Players in the Market

6.2 Competitive Benchmarking of Players

6.3 List of Key Players and their Offerings

6.4 Recent Activities of Major Players

6.5 Strategic Developments of Key Players

6.5.1 Product Launches

6.5.2 Partnerships

6.5.3 Facility Expansions

Chapter 7. Company Profiles

7.1 Johnson Controls International Plc

7.1.1 Business Overview

7.1.2 Product and Service Offerings

7.1.3 Key Financial Summary

7.1.4 SWOT Analysis

7.2 Ingersoll-Rand PLC

7.3 United Technologies Corporation

7.4 Daikin Industries Ltd.

7.5 S.K.M Air Conditioning LLC

7.6 Petra Engineering Industries Co.

7.7 Zamil Air Conditioners

7.8 Gree Electric Appliances, Inc. of Zhuhai

7.9 Mitsubishi Electric Corporation

7.10 Thermax Limited

7.11 Danfoss A/S

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