MarkNtel Advisors has just published a new research report titled "GCC HVAC Rental Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". This study provides an extensive analysis of market drivers, segmentation, growth opportunities, trends, and competitive landscape, aiming to provide insights into current and future market scenarios.
What insights and analysis does the report provide on the GCC HVAC Rental market from 2023 to 2028?
The GCC HVAC Rental market size is valued at around USD 192 million in 2023 and is projected to grow at a CAGR of around 3.48% during the forecast period, i.e., 2023-28.
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GCC HVAC Rental Market by Segments
By 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.)
By Application
- Construction
- Events
- Breakdown of Equipment
By Duration
- Short Term (>15 days)
- Long Term (15 days or more)
A comprehensive report on the GCC HVAC Rental Market is available now- https://www.marknteladvisors.com/research-library/gcc-hvac-rental-market.html
GCC HVAC Rental Market Report Segment by Regions
- The UAE
- Saudi Arabia
- Qatar
- Kuwait
- Oman
- Bahrain
What are the current trends in the GCC HVAC Rental Market?
Emergence of Long-Term Rental Contracts in the GCC Rental Market - HVAC rental customers in the GCC countries to secure reliable and cost-effective HVAC solutions for extended periods have started indulging in long-term rental contracts in recent years. These contracts allow customers to avoid the high capital expenditure associated with purchasing HVAC equipment, as they only have to pay a fixed rental fee for the duration of the contract, which is why customers are seeking to secure their HVAC needs for several years, rather than just renting equipment for short-term projects. Further, it also helps customers to manage their cash flows more effectively and frees up capital for other investments. Thus, these long-term contracts are widening the revenue prospect for companies in the GCC region.
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Who are the key players in the GCC HVAC Rental Market?
- 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
Questions Addressed in this Study
- What factors are driving the GCC HVAC Rental Market growth?
- How is the GCC HVAC Rental Market expected to grow over the next five years?
- What are the key insights into the current trends in the GCC HVAC Rental Market?
- What is the current size of the GCC HVAC Rental Market, and how is it projected to change in the future?
- What is the future outlook for the GCC HVAC Rental Market in terms of technological advancements and market expansion?
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MarkNtel Advisors is a leading market research company, 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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