Heating & Cooling - United Arab Emirates

In the United Arab Emirates, the revenue generated in the Heating & Cooling market is estimated to reach US$693.70m in 2024.
It is projected to experience an annual growth rate of 2.83% (CAGR 2024-2029).
When compared to other countries globally, United States leads with a revenue of US$126bn in 2024.
In terms of per capita figures, in the United Arab Emirates generates revenues of US$72.32 per person in 2024.
The United Arab Emirates is experiencing a rise in demand for energy-efficient air conditioning systems due to the country's hot and arid climate.

Definition:

In the segment of Heating & Cooling, the focus lies on various heating and cooling systems which can be found inside buildings. Included in this segment regarding cooling are mainly air conditioners and cooling supplies.

Additional Information:

The market consists of revenue and average revenue per capita data. Per capita figures take into account the whole population. This market includes only B2C (business to consumer) sales. B2B (business to business) sales (e. g., hardware for coffee shops, offices, etc.) are excluded. For more information on the displayed data, click the info button on the right hand side of each box.

Air conditioners & coolers
Heating systems & heaters
Stoves, fireplaces & chimneys
Heating & cooling supplies

Air treatment devices (purifier, humidifier, etc.)
Ventilators
Solar systems for heating support

The Heating & Cooling Market in the DIY & Hardware Store Market in the UAE is experiencing negligible growth due to various factors such as low consumer awareness and limited availability of online services. Additionally, slow adoption of digital technologies and high reliance on traditional methods also contribute to the slow growth rate.

Customer preferences: As the UAE continues to experience extreme temperatures, consumers are increasingly looking for energy-efficient and cost-effective heating and cooling options in the DIY and hardware store market. This demand is further driven by a growing awareness of sustainability and the importance of reducing carbon footprint. Additionally, the rise of smart home technology has led to a trend of integrated heating and cooling systems, allowing for greater convenience and control for consumers.

Trends in the market: In the United Arab Emirates, the Heating & Cooling market within the DIY & Hardware Store Market is experiencing a shift towards energy-efficient products. This is in response to the increasing demand for sustainable living and rising electricity costs. Furthermore, there is a growing trend of smart home technology integration in heating and cooling systems, allowing for remote control and optimization. This trend is significant as it aligns with the UAE's goal of reducing carbon emissions and promotes the adoption of smart and sustainable solutions. It also presents opportunities for industry stakeholders to offer energy-efficient products and services. Additionally, with the rise of e-commerce and online shopping, DIY & hardware stores are also implementing online strategies to reach more customers, making it convenient for them to purchase heating and cooling products. This trend has implications for stakeholders as they need to adapt to the changing consumer behavior and invest in online platforms to stay competitive in the market.

Local special circumstances: In the United Arab Emirates, the Heating & Cooling market is also influenced by the country's hot and humid climate. This has led to a higher demand for energy-efficient cooling systems and innovative cooling solutions. Additionally, the government's efforts to diversify the economy have resulted in a construction boom, contributing to the growth of the DIY & Hardware store market. However, strict energy efficiency regulations and cultural preferences for traditional cooling methods pose challenges for foreign companies entering the market.

Underlying macroeconomic factors: The Heating & Cooling Market within the DIY & Hardware Store Market in the United Arab Emirates is influenced by several macroeconomic factors. The country's strong economic growth, supported by diversification efforts towards non-oil sectors, has increased consumer spending power and boosted demand for home renovation and improvement projects. The favorable regulatory environment and government initiatives, such as the Dubai 3D Printing Strategy and National Innovation Strategy, are also driving the adoption of innovative cooling and heating solutions in the market. Moreover, the growing focus on sustainable development and energy efficiency is spurring the demand for eco-friendly heating and cooling systems, further propelling market growth.

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as product value, import value, and export value to determine domestic supply. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing. The main drivers are turnover indices, GDP per capita, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

The heating, ventilation, and air conditioning (HVAC) technology provides environmental comfort through thermal manipulation (heating and air conditioning) and acceptable indoor air quality (ventilation). Sometimes refrigeration is also included in the field as HVACR. The HVAC industry is largely fueled by regional regulations and differences: Asia was said to have one of the largest HVAC market sizes, with a larger demand for air conditioners than in other regions. Meanwhile, Italy was one of the European countries with the biggest heat pump markets in 2020. Due to these differences between countries, there is little to no comparative information on this competitive market. In the United States alone, for example, a certain level of fragmentation can be observed, as the number of employees in the plumbing and HVAC industry varied widely from state to state.