Exploring GCC Chillers Market Opportunity, Latest Trends, Demand, and Development By 2028
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Exploring GCC Chillers Market Opportunity, Latest Trends, Demand, and Development By 2028
The GCC Chillers Market size is valued at USD 656 million in 2023 & is projected to grow at a CAGR of around 6.0% during the forecast period, i.e., 2023-28.
Key Findings of the Study: GCC Chillers Market
GCC Chillers Market Latest Trend: Advent of Remote Monitoring Cooling Solutions
Remote monitoring has emerged as the GCC Chillers Market latest trend, driven by the need for efficient monitoring and troubleshooting solutions. Industry leaders like Carrier, Daikin Applied, and Johnson Controls have developed advanced systems that enable remote chiller connectivity. With these solutions, facility managers can remotely monitor, predict, and diagnose maintenance and repair needs without dispatching service vehicles, leading to significant time and resource savings, thereby minimizing operational disruptions.
The COVID-19 pandemic has further accelerated the adoption of remote connectivity in the GCC region. The focus on indoor air quality and the need to mitigate virus transmission risks have made remote inspection a critical requirement for customers. By leveraging remote monitoring and virtual inspection technologies, building owners can ensure uninterrupted maintenance while minimizing the risk of exposure to service personnel, thereby contributing to market growth.
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Scope of the Report and GCC Chillers Market Segmentation
By Compressor Type
-Screw Chillers
-Scroll Chillers
-Reciprocating Chillers
-Turbocor Chillers
-Centrifugal Chillers
-Absorption Chillers
- centrifugal compressors hold a significant share of the GCC Chillers Market.
By Product
-Air-Cooled
-Water-Cooled
By End Users
-Oil & Gas
-Chemicals
-Food & Beverage
-Healthcare
-Hospitality
-Residential
-Power Utilities
-Others (Government & Transportation, etc.)
By Capacity
-Less than 150 Tons
-150-1000 Tons
-1001-2000 Tons
-Above 2000 Tons
Top leading companies in the GCC Chillers Market includes:
Daikin Middle East and Africa FZE, Johnson controls, S.K.M Air Conditioning LLC, Petra Engineering Industries Company, Midea Group, Gami Air Conditioners Manufacturing Company L.L.C., Zamil Air conditioners, Smardt Chiller Group FZE, Dunham-Bush, Carrier Corporation, Other
GCC Chillers Market Development
- In May 2023, Johnson Controls launched the YORK YVAM air-cooled magnetic-bearing centrifugal chiller for hyperscale and colocation data center cooling. It operates with the low-GWP refrigerant R-1234ze, delivering exceptional efficiency. It eliminates the need for free cooling coils and improves efficiency by 49% compared to traditional air-cooled screw chillers in data center conditions. It offers a sustainable and high-performance solution for data center cooling.
For more detailed information about the GCC Chillers market report, click here – https://www.marknteladvisors.com/research-library/gcc-chillers-market.html
Geographical analysis:
The UAE
Saudi Arabia
Qatar
Kuwait
Bahrain
Oman
- the UAE dominates the Chillers Market, owing mainly to the robust construction sectors in Dubai & Abu Dhabi.
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