A key trend in the U.A.E. heating equipment market is the rising demand for energy-efficient heating systems. As compared to traditional options, energy-efficient systems utilize a lot less power, which aids in decreasing the emission of greenhouse gases.
Apart from this, since these systems use less energy, the expenditure on energy is decreased significantly as well. The country’s government is increasingly focusing reducing the utilization of energy and is also encouraging residents to utilize power efficiently, which will also help in conserving resources such as natural gas and crude oil.
In order to increase their share, the companies in the domain are collaborating with each other. In U.A.E. a number of key players have collaborated with regional firms for working together on new products and to gain more revenue and customers.
For example, in February 2020, Groupe Atlantic, a company which offers calorifiers, water heater solutions, ventilation solutions, and heat pumps through its office in Dubai, announced that it is collaborating with Auqaplex for introducing energy-efficient water heaters for people in the Persian Gulf region.
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This increasing construction of hotels and other buildings will result in a rising requirement for heating systems as well. As per a P&S Intelligence report, the U.A.E. heating equipment market attained a value of $89.5 million in 2019 and is projected to generate a revenue of $121.4 million by 2030, advancing at a 2.9% CAGR during the forecast period (2020–2030).