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Press Release: U.A.E. Chiller Market is Expected to Reach $186.4 Million by 2024: P&S Intelligence


U.A.E. Chiller Market by Type (Screw [Water-Cooled, Air-Cooled], Centrifugal, Scroll [Air-Cooled , Water-Cooled], Absorption [Direct-Fired, Hot Water, Steam], Reciprocating [Water-Cooled, Air-Cooled]), by End-User (Commercial [Hospitality, Transportation, Offices and Buildings, Healthcare, Supermarkets/Hypermarkets, Government], Industrial [Oil and Gas, Food and Beverage, Energy and Utilities, Pharmaceutical, Automotive], Residential), By Region (Dubai, Abu Dhabi & Al Ain, Sharjah & Other Northern Emirates) – Market Size, Share, Development, Growth and Demand Forecast, 2014–2024
NEW YORK, April 15, 2019 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Intelligence, U.A.E. chiller market is expected to reach $186.4 million by 2024, registering a CAGR of 5.9% during forecast period. Factors including rising demand from district cooling and overall growth in the construction industry are driving the growth of the market. Apart from this, growing demand for inverter chillers anticipated to provide significant opportunities in the forecast period.Request to get the sample pages of the report: https://www.psmarketresearch.com/market-analysis/uae-chiller-market/report-sampleDuring 2015-2017, the country registered a drop in the sales of chillers due to fall in oil prices in 2014-2015, resulted in contraction of the country’s GDP, where oil contributes 30% of GDP, however, diversification of its economy nullified oil price crisis to a great extent. The country is set to host World Expo 2020, which is driving the construction sector. The event is exhibiting increased investments in tourism-related projects, commercial infrastructure, and transportation development in the country; citing estimated cost of over $9 billion.On the basis of chiller type, the market is segmented into screw, scroll, centrifugal, reciprocating, and absorption. The absorption category is gaining traction across various industrial applications, wherein consumers are shifting toward solar powered absorption chill...


Posted: 2019-04-15 07:00:00

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2014–2024 NEW YORK, April 15, 2019 (GLOBE NEWSWIRE) -- According to the market research report published by P&S Intelligence, U.A.E. chiller market is expected to reach $186.4 million by 2024, ...

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