Direct Expansion Systems to Lead c through 2023
Increasing construction and infrastructure development activities, growing demand for energy-efficient HVAC systems, expanding tourism sector and Saudi Vision 2030 to drive HVAC market in Saudi Arabia through 2023 According to TechSci Research report, “ Saudi Arabia HVAC Market By Type, By End User, Competition Forecast & Opportunities, 2013 – 2023 ”, Saudi Arabia HVAC market is projected to surpass $ 2.7 billion by 2023. Growth in the market is anticipated on account of technological advancements, robust and expanding distribution network, and growing construction activities in the country. Additionally, Saudi Vision 2030, which is aimed at bringing huge investments, massive privatization of state assets, and spending and subsidy cuts, is expected to positively influence the country’s HVAC market during the forecast period. Direct expansion systems segment dominates Saudi Arabia HVAC market, as these systems are available with smart technologies, such as smartphones, for contro