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Innovation in the Driver's Seat: Exploring the Share and Demand of GCC HVAC Rental


A recent report by MarkNtel Advisors reveals that the GCC HVAC Rental Market is expected to grow at a compounded annual growth rate (CAGR) of approximately 3.48% during 2023-28. The report provides a detailed understanding of the industry, including key drivers, challenges, opportunities, and latest trends. It also examines the competitive landscape & recent advancements made by leading companies operating in the industry, along with their range of product/service offerings, growth strategies, and presence in different regions/countries.
Our experts have used both primary & secondary research methods to gather accurate and comprehensive information about the GCC HVAC Rental Market. The study also covers potential growth barriers to the market and highlights untapped opportunities while providing recommendations for stakeholders to prepare for unexpected situations that may arise in the future. The report considers historical data from 2023-28 as the starting point and provides forecasts for the years 2023 to 2028. All market values presented are in USD Million/Billion.
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Goals of the GCC HVAC Rental Market Research Study
  • To provide valuable insights into aspects like drivers, challenges, opportunities, threats that impact the growth of the GCC HVAC Rental Market
  • To have a complete understanding of the value chain through Porter's five forces model
  • To identify positioning of major participants in the GCC HVAC Rental Market, along with their competitive advancements like collaborations, mergers & acquisitions, new product releases, and investments in research & development.
  • To provide thorough information to stakeholders on growth opportunities in fast-growing segments
Market Dynamics
Key Driver: Rising Infrastructure Development Projects to Support the Market
The GCC region witnessed considerable growth in construction activity owing to the development of transportation, commercial & residential spaces, etc. The major economies of the region, such as the UAE, Saudi Arabia, Kuwait, etc., are more focused on constructing commercial buildings like airports, metro malls, and others. Therefore, the rise in construction activity is driving the market for rental HVAC across the region. Furthermore, the accelerating tourism in the countries such as the UAE, Egypt, Saudi Arabia, etc., has led to the construction of commercial buildings such as lavish hotels, retail malls, resorts, and various others.
Besides, the governments of the countries like the UAE, Saudi Arabia, and Oman, among others, have been extensively involved in boosting tourism by establishing recreational hubs, luxurious malls, etc., and also by preserving & maintaining historical monuments as well as cultural heritage sites. Therefore, the growing construction of commercial buildings in the GCC region will boost HVAC rental demand during the forecast period.
Recent Developments
  • In 2022, Andrews Sykes Climate Rental expanded its rental fleet by introducing dehumidifier rental services for its customers. This was done to incorporate modern technologies to provide customers with enhanced performance but lower operating costs.
A Detailed Analysis of Major Segments Driving the GCC HVAC Rental Market Growth
In this section, the report explores the GCC HVAC Rental Market's dynamic landscape, dissected into multiple segments and sub-segments, along with pivotal factors propelling industry growth, to help stakeholders optimize their positioning, target audience, and revenue tactics.
Based on Type
- Room Air Conditioners
-- Split & Window Units
-- Cassette
-- Packaged
-- Others (Floor Standing, etc.)
- Centralised Air Conditioners
-- Chillers
-- VRFs
-- Others (AHU & FCU)
- Others (Heating Equipment, etc.)
Based on Application
- Construction
- Events
- Breakdown of Equipment
Based on Duration
- Short Term (>15 days)
- Long Term (15 days or more)
Geographically, the GCC HVAC Rental Market expands across:
- The UAE
- Saudi Arabia
- Qatar
- Kuwait
- Oman
- Bahrain
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Note: The GCC HVAC Rental Market research report can be tailored as per individual client needs, providing comprehensive & valuable insights at various levels. This personalized approach enables clients to understand the industry's true potential, effectively tackle growth challenges, devise effective strategies, and make well-informed decisions to maintain a competitive edge in the industry.
GCC HVAC Rental Market Research Report: Key Questions Addressed
  • What is the estimated size, share, & CAGR of the GCC HVAC Rental Market during 2023-28?
  • Which segments & sub-segments are considered most prevalent in the GCC HVAC Rental Market research study?
  • What are the major regions/countries would offer remunerative prospects to the key players in the GCC HVAC Rental Market?
  • What are the geographical trends and recent developments in the GCC HVAC Rental Market?
  • Which products/services would witness rapidly growing demand in the GCC HVAC Rental Market through 2028?
A Detailed Assessment of Major Companies in the GCC HVAC Rental Market and their Key Growth Strategies
The competitive landscape section of the report unveils the top players in the GCC HVAC Rental Industry, their financials, resources, product offerings, market share, strategic initiatives, R&D investments, strengths, & weaknesses. All the findings & hypothesis on the market ecosystem have been carefully validated through a detailed Porter's five forces analysis.
Companies like,
- Johnson Controls (York)
- Aggreko
- Ingersoll Rand (Trane)
- Byrne Equipment Rental
- Andrews Sykes Climate Rental
- Rental Solutions & Services
- Foster International
- GAMI
- GEO Rental Solutions
- Energia
- Prime Chiller Cooling Systems PLC
- Others
often involve in collaborations for joint venture programs & resource sharing to achieve their objectives efficiently.
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About 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. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
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