UAE Chiller Market Size & Insights

As per recent study by MarkNtel Advisors The UAE Chiller Market size was valued at around USD 124.9 million in 2024 and is projected to reach around USD 181.5 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.3% during the forecast period, i.e., 2025-30. 

What are the Key DROs in the UAE Chiller Market?

Expansion of Residential Sector – The UAE is witnessing a burgeoning boom in its residential real estate especially in the high-rise residential homes and apartments. This is because of the government of UAE's plan to attract rich foreign people and businesses to enhance the spending and enterprise environment of the country. The UAE remains among the top destination choices for migrating wealthy individuals. More than 6,700 millionaires will migrate to the UAE by the end of 2024 states the Henley & Partner. The impact of this was seen in the rising of residential property prices. Moreover, Dubai Urban Master Plan 2040 aims to enhance infrastructure driving the construction work in Dubai. In 2024 Dubai is estimated to make around 64,000 residential units. This expansion of the residential sector will drive the chiller demand in the country for efficient cooling purposes thereby driving the market growth.

What are the Key Segments in the UAE Chiller Market?

The UAE Chiller is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

• By Compressor Type
  • Screw Chillers- Market Size & Forecast 2020-2030, USD Million & Thousand Units
  • Scroll Chillers- Market Size & Forecast 2020-2030, USD Million & Thousand Units
  • Reciprocating Chillers- Market Size & Forecast 2020-2030, USD Million & Thousand Units
  • Turbocor Chillers- Market Size & Forecast 2020-2030, USD Million & Thousand Units
  • Centrifugal Chillers- Market Size & Forecast 2020-2030, USD Million & Thousand Units
  • Absorption Chillers- Market Size & Forecast 2020-2030, USD Million & Thousand Units
• By Product
  • Air-Cooled- Market Size & Forecast 2020-2030, USD Million & Thousand Units
  • Water-Cooled- Market Size & Forecast 2020-2030, USD Million & Thousand Units
• By End Users
  • Oil & Gas- Market Size & Forecast 2020-2030, USD Million & Thousand Units
  • Chemicals- Market Size & Forecast 2020-2030, USD Million & Thousand Units
  • Food & Beverage- Market Size & Forecast 2020-2030, USD Million & Thousand Units
  • Healthcare- Market Size & Forecast 2020-2030, USD Million & Thousand Units
  • Commercial- Market Size & Forecast 2020-2030, USD Million & Thousand Units
  • Residential- Market Size & Forecast 2020-2030, USD Million & Thousand Units
  • Power Utilities- Market Size & Forecast 2020-2030, USD Million & Thousand Units
  • Others (Government & Transportation, etc.)- Market Size & Forecast 2020-2030, USD Million & Thousand Units
• By Capacity
  • Less than 150 Tons- Market Size & Forecast 2020-2030, USD Million & Thousand Units
  • 150-1000 Tons- Market Size & Forecast 2020-2030, USD Million & Thousand Units
  • 1001-2000 Tons- Market Size & Forecast 2020-2030, USD Million & Thousand Units
  • Above 2000 Tons- Market Size & Forecast 2020-2030, USD Million & Thousand Units

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By Region

·        Dubai

·        Abu Dhabi & Al Ain

·        Sharjah & Northern Emirates

Based on the Regional segment it is further bifurcated into Dubai, Abu Dhabi & Al Ain, Sharjah & Northern Emirates. Dubai has the largest share of the UAE Chiller Market.

Who are the Key Players in UAE Chiller Market?

Johnson Controls, Atlas Copco, Trane, Carrier Corporation, Daikin Middle East & Africa FZE, LG Electronics Gulf, Zamil Air conditioners, Blue Star, Climaveneta, Emirates Jo Trade Co. LLC, and Others

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UAE Chiller Market News

• September 2024: Daikin entered into a partnership with Softlogic in the UAE to capitalize on the opportunity in the country's booming chillers and air conditioning market.
• December 2023: Johnson Controls launched Abu Dhabi’s first “Cooling as a Service” (CaaS) project in collaboration with Aldar Properties.

Key pillars of the research methodology include:

·        Scope & Research Design – Clearly defined objectives with tailored qualitative and quantitative methods, backed by precise timelines and budgets.

·        Sample Selection & Data Collection – Representative samples achieved through proven techniques like random and stratified sampling, supported by reliable tools such as surveys, interviews, and observations.

·        Data Analysis & Validation – Rigorous cleaning, advanced statistical modeling, and thematic analysis ensure accuracy, reliability, and minimal bias.

• Forecasting & Finalization – Predictive modeling and time-series analysis anticipate future market behaviors, presented through insightful reports with charts, graphs, and strategic recommendations.

"Our methodology reflects the trust businesses place in us. By combining innovation with precision, we deliver not just numbers, but clarity and direction for decision-makers worldwide," said a spokesperson for MarkNtel Advisors.

Why This MarkNtel Advisors Research Report:

• In-depth Market Analysis: Understand trends and dynamics shaping growth.
• Segmented Insights: Target specific segments for focused strategies.
• Geographical Performance: Assess market opportunities by geographic area.
• Emerging Technologies: Discover advancements like AI integration.
• Risk Identification: Pinpoint challenges to inform strategic planning.
• Future Forecasts: Prepare for market changes with actionable projections.

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