Saudi HVAC market to hit $1.2bn by 2014
Riyadh, February 7, 2012
The Saudi heating, ventilation and air conditioning (HVAC) sector is expected to achieve between 30 and 50 per cent growth to emerge as a SR4.5 billion ($1.19 billion) market by 2014, said the organisers of an upcoming HVAC event in Riyadh.
Saudi Aircon 2012, the 13th international exhibition on air-conditioning heating, ventilation & refrigeration, will run from May 7 to 10 at the Riyadh International Convention & Exhibition Center.
Saudi Aircon 2012 will run in parallel with Saudi Energy, the 15th international trade exhibition for electricity, alternative energy, water technology, lighting and HVAC.
The domestic market for air conditioners continues to boom due to four major factors: a growing population, the establishment of new businesses, continuous declines in equipment prices due to technological advancements, and a year-round hot climate.
The event will feature exhibits on central units, instruments and controls; district cooling; split and window units; ducting systems; components and spare parts; ventilation systems; refrigeration and cooling; industrial fans; vents and grills; large-capacity food storage; and supermarket, hotel and restaurant refrigeration.
“HVAC is not just a luxury in the KSA; it is also a necessity for key sectors such as hospitality and food. Given its unique geography, vibrant business environment and growing population, the Kingdom is constantly in search of advanced air conditioning systems that can provide comfort while supporting economic growth,” said Khaled Daou, project manager of Saudi Energy at the Riyadh Exhibitions Company.
“Saudi Aircon 2012 provides a glimpse of what solutions are currently available and which are suited to the needs of Saudi consumers. This event ties up nicely with the bigger Saudi Energy expo as HVAC is one of Saudi Arabia’s biggest energy-consuming sectors as well,” he added. – TradeArabia News Service