GCC HVACR Market Research Report: Forecast (2025-2030)
The GCC HVACR Market size was valued at around USD 6.79 billion in 2024 and is projected to reach USD 8.93 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.67% during the forecast period, i.e., 2025-30. The market growth is attributed to the increasing investments by the local real estate developers in housing schemes to enhance home-ownership rates, coupled with rising government spending on the tourism sector. Saudi Arabia is planning to pump nearly 4.8 billion Saudi riyals ($1.28 billion) into new housing projects in 2025 within an ongoing drive to boost housing supply for citizens.
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