GCC HVAC Rental Market to Grow at 3.48% CAGR by 2028 | MarkNtel Advisors - Australia News Network , Free Guest Posting Sites, Article Submission Sites

Overview of the GCC HVAC Rental Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “GCC HVAC Rental Market By Type (Room Air Conditioners [Split & Window Units, Cassette, Packaged, Others], Centralized Air Conditioners [Chillers, VRFs, Others], Others [Heating Equipment, etc.]), By Application (Construction, Events, Breakdown of Equipment), By Duration (Short Term [>15 days], Long Term [15 days or more]), By Countries (The UAE, Saudi Arabia, Qatar, Kuwait, Oman, Bahrain), By Company (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), The GCC HVAC Rental market size is valued at around USD 192 million in 2024 and is projected to grow at a CAGR of around 3.48% during the forecast period, i.e., 2023-28. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

GCC HVAC Rental Market Growth and Scope:

Base Year: 2022

Forecast Period: 2023-28

Historical Data: 2018-21

CAGR (2023-2028): 3.48%

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GCC HVAC Rental Market Key Trend:

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.

A Comprehensive Analysis of Leading Companies of GCC HVAC Rental Market by MarkNtel Advisors:

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

Key GCC HVAC Rental Market Segmentation:

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/gcc-hvac-rental-market.html

-By Type

Room Air Conditioners
Centralized Air Conditioners
Others (Heating Equipment, etc.)

Among these, Centralized Air Conditioners created significant demand for rental HVAC equipment in GCC in the historical years owing to the vast short-term requirement of such air conditioners in different events, exhibitions, and conferences organized in all the countries across the region.

-By Application

Construction
Events
Breakdown of Equipment

Of these, Construction acquired a considerable share in the GCC Rental market in the past years on account of the large-scale infrastructural development in countries such as the UAE, Saudi, Qatar, Kuwait, etc.

-By Duration

Short Term (>15 days)
Long Term (15 days or more)

Geographical Analysis

-By Country

The UAE
Saudi Arabia
Qatar
Kuwait
Oman
Bahrain

Among all the countries, the UAE witnessed a huge demand for rental HVAC systems during 2018-2022. This is due to the rapid urbanization and infrastructure development in the country which increased the demand for HVAC rental solutions in the construction sector.

Key Reports Highlights:

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

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