HVACR Expo Saudi helds on 15 - 17 JANUARY 2017,at JEDDAH CENTRE FOR FORUMS & EVENTS, is a gateway for you to the world’s third largest market for Heating,Ventilation, Air Conditioning, and Refrigeration.
WHAT ARE THE MARKET OPPORTUNITIES IN SAUDI
By exhibiting at HVACR Expo Saudi your business is part of the world’s third largest market for Heating,Ventilation, Air Conditioning, and Refrigeration.
With multi-billion dollar developments and mega projects there is proven demand for HVACR products, services, and technologies.
The value of HVAC systems across the GCC is estimated at US$ 6.3 billion
Saudi Arabia is the largest in the region with 51% market share across the GCC.
HVACR Expo Saudi is the essential platform in 2016 which sits alongside the US$732 billion planned projects underway in KSA
Saudi Arabia set for record growth in HVAC sector for five years. Key facts include:
HVAC sector set for growth of up to 14 per cent every year until 2020
About 70% of electricity consumption in the Kingdom is used powering of air conditioners and with another half million homes needed in the country the demand for energy is also set to double.
HVAC R market grew at a CAGR of around 9.61% in value terms during 2010-14, and is further projected to witness growth at around 13.73%.
The building insulation market in Saudi Arabia is projected to grow at a CAGR of around 7.39% during 2015-20, mainly on account of increasing concerns regarding energy saving.
Building insulation saves around 40% of energy consumed in regulating air conditioning temperatures.
Refrigeration market in Saudi Arabia grew at a CAGR of around 11.80% during 2010-14, and is projected to grow at a CAGR of around 12.27% over the next five years.
