DUBLIN--(BUSINESS WIRE)--The "Middle East Industrial Refrigeration Systems Market (2018-2024): Market Forecast by Equipment Types, by Refrigerants, by Applications, by Countries, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
Several upcoming government initiatives such as Dubai Vision 2020, Turkey Vision 2023 and Saudi Arabia National Vision 2030 are anticipated to strengthen the industrial sector across the Middle East region, paving way for the growth of industrial refrigeration systems market over the coming years.
Upcoming projects such as FIFA World Cup 2022 (Qatar) and Dubai World Expo 2020 are expected to increase the tourist footfall in the country, which would boost the growth of food processing industry across the region.
Moreover, recovering oil & gas sector would also lead to an upsurge in the production of several by-products such as petrochemicals and lubricants and are anticipated to propel the growth of Middle East industrial refrigeration systems market over the coming years.
According to this research, the Middle East industrial refrigeration systems market is forecast to reach $1,023 Million by 2024.
The countries across the Middle East region lags agricultural activities, resulting in an increased dependence on imported food & beverage products and thereby driving the demand for industrial refrigeration system market in the Middle East region across all the countries in order to preserve the perishable edible items.
The market for these systems recorded a decline in the past few years owing to declining oil prices in the Middle East region. However, with recovering crude oil prices, Middle East Industrial Refrigeration Systems Market revenues are anticipated to increase.
Carbon Dioxide based industrial refrigeration systems is expected to register the highest growth during 2018-24 due to their eco-friendly characteristics such as low ozone depleting potential. Further, many Middle East countries follow norms and regulations under the Montreal Protocol, leading to higher adoption of systems utilizing ammonia, carbon dioxide or a mixture of air & water for refrigeration purposes.
The trend is anticipated to eliminate the utilization of systems based on hydrochlorofluorocarbons as these gases result in the depletion of the ozone layer and pose a potential threat to the environment. Additionally, Saudi Arabia and UAE are the key countries constituting a major pie of the overall market.
The report provides a detailed analysis of the following market segments:
By Equipment Types
- Compressors
- Condensers
- Evaporators
- Controls
- Others (Pumps, Valves, Vessels and Auxiliary Equipment)
By Refrigerants
- Ammonia
- Carbon Dioxide
- Hydrochlorofluorocarbons
- Others (Chlorofluorocarbon, Fluorocarbon, Hydrocarbon, Air and Water)
By Applications
- Food & Beverage
- Oil & Gas
- Chemicals & Pharmaceuticals
- Others (Manufacturing & Construction)
By Countries
- Saudi Arabia
- UAE
- Turkey
- Kuwait
- Oman
- Qatar
- Rest of Middle East (Lebanon, Jordan, Cyprus, Yemen and Bahrain)
Companies Profiled
- Bitzer Kuhlmaschinenbau GmbH
- Daikin Industries Ltd.
- Danfoss A/S
- Emerson FZE
- GEA
- Guntner GmbH & Co. KG
- Johnson Controls International PLC
- Zamil Air Conditioners
Topics Covered
1. Executive Summary
2. Introduction
3. Middle East Industrial Refrigeration Systems Market Overview
4. Middle East Industrial Refrigeration Systems Market Dynamics
5. Middle East Industrial Refrigeration Systems Market Trends
6. Saudi Arabia Industrial Refrigeration Systems Market Overview
7. UAE Industrial Refrigeration Systems Market Overview
8. Turkey Industrial Refrigeration Systems Market Overview
9. Kuwait Industrial Refrigeration Systems Market Overview
10. Qatar Industrial Refrigeration Systems Market Overview
11. Oman Industrial Refrigeration Systems Market Overview
12. Rest of the Middle East Industrial Refrigeration Systems Market Overview
13. Middle East Industrial Refrigeration Systems Market Competitive Landscape
14. Company Profiles
15. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/research/h4jms6/middle_east?w=4
