Market Overview The U.A.E. HVAC market was approximately valued at USD 1,910.4 million in 2023 and is anticipated to grow to USD 2,773.3 million by 2030, with a compound annual growth rate (CAGR) of 5.6% from 2024 to 2030. This can be credited to the growing infrastructure expenditure in residential, commercial, and industrial sectors and development in the tourism sector of the nation. The trend that is emerging is the use of energy-efficient HVAC systems which is gaining more popularity in the market. Thermal comfort is the one element, that will never be compromised by new advanced technological designs of integrated mechanical and electric components and control and operation of HVAC systems reducing the power consumption. Heating, Ventilation and Air Conditioning systems with energy efficiency are gaining traction because they use less energy than the older types and utilize less fuel, which lowers carbon emissions. Furthermore, hydroelectric power is an environmentally friendly energy source because it does not produce greenhouse gases, which are bad for the environment. In addition, the country at present implements energy-efficiency programs to save natural resources e.g., coal and oil. For instance, it decided to come up with the “Energy Strategy 2050” whose goal is to increase the share of clean energy production to 50% of the overall energy mix by 2050. Its investment is about USD 163.8 billion. The U.A.E. Energy Report qualifies that by the end of 2050, Dubai's Clean Energy Strategy will provide $27.3 billion worth of investment amounting to about 75% renewable energy support. Key Insights • In 2023, the equipment category had a higher industry share but the category is also projected to be exceeded by services in the future. • Augmented need for advanced equipment propels the requirement for installation and retrofitting facilities. • Services are estimated to produce higher revenue by the end of the decade because of their long-term association and significance in upholding system performance. • In 2023, the cooling category led the industry and is projected to endure this trend because of the hot desert weather and high humidity levels in the UAE, needful extensive cooling solutions. • In 2023, Dubai had the largest industry share at approximately 55% because of growing construction activities. • Dubai government affairs aimed at reducing oil and gas industries' dependence and concentrating on tourism and infrastructure as foundations of major sector growth. • Abu Dhabi & Al Ain region is forecasted to witness the highest CAGR during the entire projection time. • Abu Dhabi's 2030 vision aims at reaching the number of tourists arriving to 7.9 million/ year through diversification away from oil and gas. • The UAE HVAC industry is consolidated, and characterized by strong competition. • Rivalry is driven by factors of price, energy efficiency, name of brand, quality, and technical skills. • A dramatic rise in population and tourism makes way for the HVAC industry players to step in but promote tougher competition simultaneously. • Market contestants are active to hold their ground position in the competitive environment.