(MENAFN) Based on the recent TechSci Research in the lead up to the HVACR Saudi Expo, Saudi Arabia's HVAC-R systems market is forecast to arrive at $3.33 billion this year and by 2022 to double to $6.36 billion at a CAGR of roughly 13 percent.
Constructive market drivers, for instance the latest economic zones' escalating expansion witnessing a surge in building in addition to the necessity to deal with severe climate conditions, are reported in "an overview of the Heating, Ventilation, Air Conditioning and Refrigeration (HVAC-R) Market in Saudi Arabia."
The growing demand for cold chain infrastructure to facilitate food imports along with the plea from government demanding extra energy-efficient solutions from government are considered as further forces which helped create a surge in the HVAC-R market.
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