CONSTRUCTION PORTFOLIO OF EVENTS
Driven by the rising demand from expanding construction industry, the HVAC market in Saudi Arabia is expected to grow at a CAGR of 5.1% from 2022 – 2027, to reach $4,821.8 million by 2030.
The market is majorly driven by increasing infrastructure spending. Supportive government policies such as the Saudi Vision 2030 and the construction of giga-projects which are expected to run on clean energy infrastructure – are expected to create lucrative opportunities for the HVAC market growth. Many clients are turning to smart and energy-efficient technology to cut energy consumption and increase sustainability. Better controls, improved monitoring systems, and smart thermostats define these systems
Source: Mordor Intelligence
Source: PS Market Research