Why Does Dubai Witness Most Chiller Sales in U.A.E.?
Situated on the eastern edge of the Arabian Desert, the U.A.E. is no stranger to blistering-hot summers and warm winters. Therefore, the need for cooling apparatus, including air conditioners and chillers, has always been high here. Moreover, since the 1950s, the booming oil trade, which led to the country’s economic boom, has been bringing in immigrants from around the world. As a result, infrastructure development continues to progress rapidly, being reflected in the rising number of hotels, houses, shopping malls, and other facilities.
P&S Intelligence credits this construction boom while forecasting that the U.A.E. chiller market will grow from $134.7 million in 2018 to $186.4 million by 2024, at a 5.9% CAGR between 2019 and 2024 (forecast period). Chillers are a popular choice of cooling systems in large settings, such as factories, hotels, office complexes, and shopping malls. In 2019, Dubai alone had over 3,000 under-construction projects valued at around $245 million, with many more under various stages of implementation.
Read More:
https://www.psmarketresearch.com/market-analysis/uae-chiller-market Why Does Dubai Witness Most Chiller Sales in U.A.E.?
Situated on the eastern edge of the Arabian Desert, the U.A.E. is no stranger to blistering-hot summers and warm winters. Therefore, the need for cooling apparatus, including air conditioners and chillers, has always been high here. Moreover, since the 1950s, the booming oil trade, which led to the country’s economic boom, has been bringing in immigrants from around the world. As a result, infrastructure development continues to progress rapidly, being reflected in the rising number of hotels, houses, shopping malls, and other facilities.
P&S Intelligence credits this construction boom while forecasting that the U.A.E. chiller market will grow from $134.7 million in 2018 to $186.4 million by 2024, at a 5.9% CAGR between 2019 and 2024 (forecast period). Chillers are a popular choice of cooling systems in large settings, such as factories, hotels, office complexes, and shopping malls. In 2019, Dubai alone had over 3,000 under-construction projects valued at around $245 million, with many more under various stages of implementation.
Read More: https://www.psmarketresearch.com/market-analysis/uae-chiller-market