Saudi Arabia HVAC TAB Services Market Insights Report 2022-2030: Rising Adoption of Smart HVAC Systems and Demand for Clean Air Bodes well for the Sector

DUBLIN, March 6, 2023 /PRNewswire/ -- The "Saudi Arabia HVAC TAB Services Market Insights by Type, End Use - Industry Growth and Forecast to 2030" report has been added to  ResearchAndMarkets.com's offering.

The total size of the Saudi Arabian HVAC TAB services market was $45.0 million in 2021, which will touch $94.6 million by 2030, with a CAGR of 8.6% during 2021-2030. This is because of the growing tourism industry, rapid installation of HVAC appliances, and increasing development activities in the nation's industrial and residential sectors.

Balancing Category To Dominate Market

The balancing service category had the largest share, of about 64%, in 2021, and it will maintain its dominance in the near future.

Air balancing is a significant part of the planning of large commercial projects, but the principles of balancing can be applied to apartment complexes and individual homes too.

HVAC issues that can be identified through an air balancing examination include perforated or damaged air ducts, blockages, loose duct joints, undersized ducts, extremely long ductwork, and sharply turning ductwork.

Service Demand in Commercial Sector To Increase in Future

The commercial industry dominates the market, and it will have the highest growth rate in the future. This is due to the increasing count of commercial offices and buildings and the budding hospitality industry.

Additionally, because of the sustained growth in FDI into Saudi Arabia, the rental value of office spaces classified as Grade A in Jeddah and Riyadh is continuously on the rise.

Rising Spending on Infrastructure Boosts Market Growth

The increasing spending on construction is supporting the growth of the industry. The nation has planned a trillion-dollar pipeline of infrastructure projects, for the diversification of its economy beyond oil and gas and to place itself as an international hub for logistics and investments.

Tourism, Smart Cities, and Sustainable Energy are a Few Key Areas the Development Strategy Emphasizes

Eastern Saudi Arabia has some of the most-important infrastructure projects underway, such as Red Sea International Airport, Riyadh Metro, and AlUla International Airport. Much of this construction is supported by the NIF, the government's mega investment plan for financial development.

Western Region Most Widely Uses HVAC TAB Services

The western region dominated the industry, with an around 40% share, in the past. This was because of the numerous key construction projects completed and underway in Jeddah, Madinah, Makkah, and Neom.

Additionally, the central region follows the western region in revenue generation. With the speedy development of tourist spots, introduction of more entertainment options, and growth of the hospitality industry, the region has numerous growth opportunities for HVAC TAB service providers.

Market Dynamics

Trends

• Adoption of smart HVAC systems
• Rising demand for clean air

Drivers

• Rising infrastructure spending
• Growing hospitality industry
• Increasing need to minimize food wastage
• Rising demand due to climate changes
• Impact analysis of drivers on market forecast

Restraint

• Lack of skilled professionals
• High service cost
• Impact analysis of restraints on market forecast

Companies Covered

• Fahad Nazer Corporation
• Saudi Aircon
• CSI
• Abdullah H. Al Shuwayer Company
• Cold Oasis Group (COG)
• Al-Fainaq Int'l Trading & Contracting Est.
• Shan International Environmental Solutions
• Zamil Air Conditioners
• Applus Servicios Tecnologicos S.L.U.
• Teamac Arabia
• Saudi Taab Contracting Co.
• Evolution Engineering Services

Key Topics Covered:

Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Analysis Period
1.4 Market Data Reporting Unit
1.5 Market Size Breakdown by Segment
1.6 Key Stakeholders

Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Currency Conversion Rates

Chapter 3. Executive Summary

Chapter 4. Definition of Market Segments
4.1 By Type
4.1.1 Testing
4.1.1.1 Equipment
4.1.1.2 Automatic controls
4.1.1.3 Vibration and sound
4.1.2 Balancing
4.1.2.1 Air distribution system
4.1.2.2 Hydronic system
4.1.3 Adjusting
4.2 By End Use
4.2.1 Commercial
4.2.2 Industrial
4.2.3 Residential

Chapter 5. Industry Outlook
5.1 Market Dynamics
5.1.1 Trends
5.1.2 Drivers
5.1.3 Restraint
5.2 Impact of COVID-19
5.3 Porter's Five Forces Analysis
5.4 How to Register Non-GCC HVAC TAB Services Companies in Saudi Arabia
5.4.1 Application for investment license
5.4.2 Articles of Association
5.4.3 Registration with MERAS
5.4.4 Issuance of SAGIA Foreign Business License
5.4.5 Creation of Company Seal
5.4.6 Registration at the Chamber of Commerce

Chapter 6. Saudi Arabia Market Size and Forecast (Current Scenario)
6.1 Overview
6.2 Market Revenue, by Type (2017-2030)
6.2.1 Testing Services Market Revenue, by Type (2017-2030)
6.2.2 Balancing Services Market Revenue, by Type (2017-2030)
6.3 Market Revenue, by End Use (2017-2030)
6.4 Market Revenue, by Region (2017-2030)

Chapter 7. Saudi Arabia Market Size and Forecast (Optimistic Scenario)
7.1 Overview
7.2 Market Revenue, by Type (2017-2030)
7.2.1 Testing Services Market Revenue, by Type (2017-2030)
7.2.2 Balancing Services Market Revenue, by Type (2017-2030)
7.3 Market Revenue, by End Use (2017-2030)
7.4 Market Revenue, by Region (2017-2030)

Chapter 8. Saudi Arabia Market Size and Forecast (Highly Optimistic Scenario)
8.1 Overview
8.2 Market Revenue, by Type (2017-2030)
8.2.1 Testing Services Market Revenue, by Type (2017-2030)
8.2.2 Balancing Services Market Revenue, by Type (2017-2030)
8.3 Market Revenue, by End Use (2017-2030)
8.4 Market Revenue, by Region (2017-2030)

Chapter 9. Competitive Landscape
9.1 Market Share Analysis of Key Players (2021)
9.2 Recent Strategic Developments of Key Players
9.2.1 Mergers and Acquisitions
9.2.2 Product Launches

Chapter 10. Company Profiles
10.1 Business Overview
10.2 Product and Service Offerings

For more information about this report visit https://www.researchandmarkets.com/r/i413kb

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