01 January 2017

More than 80 local and international firms will be showcasing their latest and most innovative solutions at HVACR Expo Saudi, to be staged this month (January 15 to 17) in Jeddah, Saudi Arabia.

To be held at the Jeddah Centre for Forums & Events, the event is targeted at the kingdom’s HVACR (heating, ventilation, air-conditioning and refrigeration) market, which is poised for solid growth mainly driven by the $80-billion Saudi construction boom.

A report from TechSci Research, commissioned by HVACR Expo Saudi, shows that between 2011 and 2015, Saudi Arabia’s HVACR market grew at a healthy CAGR (compound annual growth rate) of more than 13 per cent.

Currently valued at $3.2 billion, the kingdom’s HVAC market is expected to grow steadily over the next five years, according the report titled ‘Saudi Arabia HVACR Market Outlook 2021’.

Organised by dmg events Middle East, Asia & Africa, the expo will see experts discuss the current trends, challenges and opportunities in the kingdom’s growing HVACR market. It is expected to draw 3,500 visitors and industry peers.

Companies will promote their products and services across the exhibition’s four sections: Air-conditioning, ventilation systems and components, HVAC industry services, ducting systems and machinery, and heat pumps, heat exchangers and equipment. 

“The demand for HVAC equipment in Saudi Arabia will keep growing steadily, boosted by the government’s construction projects valued at around $80 billion,” remarked Firas Abou Ltaif, the expo manager.

According to the report, the refrigeration market in Saudi Arabia grew at a CAGR of around 11.8 per cent during 2010-14, and is projected to grow at a CAGR of around 12.27 per cent over the next five years.

Also, building insulation is projected to grow at a CAGR of around 7.39 per cent during 2015-20, mainly on account of increasing concerns regarding energy saving.

“Currently, about 70 per cent of electricity consumption in the kingdom is used to power air-conditioners. If more sustainable solutions are not implemented, energy consumption will soon double, as half a million new homes are needed to meet Saudi Arabia’s growing population demand,” stated Abou Ltaif.

“This is why district cooling is not only feasible in this country: it is necessary,” he added.

According to him, HVACR Expo Saudi addresses the need for a dedicated, focused event, offering products, training and education solutions for the entire industry.

The show will also offer 16 CPD (continuing professional development)-certified and free-to-attend workshops.

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