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Saudi Arabia HVAC-R market outlook, 2021

A market forecast in different sectors of refrigeration was presented during the 2017 edition of HVAC-R Expo Saudi.

According to HVAC-R Expo Saudi's website, Saudi Arabia is the world's third largest market for indoor climate and refrigeration.


On the occasion of the 2017 edition of the exhibition, a report entitled Saudi Arabia HVAC-R market outlook, 2021 was prepared by TechSci Research. It gives interesting figures on a period going from 2016 to 2021 in the following sectors:

  • Thermal insulation
  • District cooling
  • Refrigeration market
  • HVAC-R market outlook

According to the report, the district cooling market size should grow at a CAGR of 24.24% by value and by 17.15% by volume between 2016 and 2021.


The refrigeration market size should grow at a CAGR of 13.38% by value for the same period, because of the rising demand from commercial and industrial sectors in the country.


The HVAC-R market size should grow at a CAGR of 13.11% by value between 2016 and 2021.