Value of HVAC R solutions in Saudi Arabia to reach $6.36b by 2022

By District Energy posted 02-04-2019 12:06

  

Samar Yahya, Saudi Gazette

Summary

RIYADH — The industry for Heating, Ventilation, Air Conditioning and Refrigeration (HVAC R) solutions in Saudi Arabia is expected to reach a value of up to $6.36 billion by 2022. The total HVACR market in Saudi Arabia represents close to 2% of the global HVAC R market.

On the sideline of HVAC R Expo Saudi 2019 that wrapped up recently in Riyadh, industry experts shared their insights into the local market, the industry trends in Saudi, and the role of Saudi government in boosting the sector.

On Saudi government efforts to help push forward the industry, Arif Hussain, National Product Manager at Al Salem Johnson Controls said that in view of 2030 initiative, Saudi government enacted SASO regulations 2663 & 2874 which improve the efficiency level of all air conditioning equipment. They have also introduced District cooling framework for new developments exceeding 15,000 tons. More recently, the Saudi building efficiency code was revised & implemented. In addition, Saudi government is also encouraging efficiency improvements in existing buildings through registered ESCO companies.

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