Saudi Arabia HVAC Market
Research Report: By Offering (Equipment, Service), End-User (Commercial, Industrial, Residential) - Industry Analysis and Growth Forecast to 2030. The $23-billion Riyadh metro project, which is 109 miles long, was 83% complete in 2019.
May 28, 2021 07:51 ET | Source: ReportLinker ReportLinker Lyon, FRANCE
New York, May 28, 2021 (GLOBE NEWSWIRE) Reportlinker.com announces the release of the report Saudi Arabia HVAC Market - https://www.reportlinker.com/p06075971/?utm source=GNW Similarly, the three-line Jeddah metro network is under construction, which was set to be completed in 2020. Due to such rapid infrastructure development, the Saudi Arabian heating, ventilation, and air conditioning (HVAC) market is set to grow from $2,476.1 million in 2020 to $4,821.8 million by 2030, at an 8.1% CAGR between 2021 and 2030.
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NEW YORK, May 19, 2021 /PRNewswire/ The $23-billion Riyadh metro project, which is 109 miles long, was 83% complete in 2019. Similarly, the three-line Jeddah metro network is under construction, which was set to be completed in 2020. Due to such rapid infrastructure development, the Saudi Arabian heating, ventilation, and air conditioning (HVAC) market is set to grow from $2,476.1 million in 2020 to $4,821.8 million by 2030, at an 8.1% CAGR between 2021 and 2030.
This is because cooling and ventilation systems are a necessity in the stations and underground tunnels of such networks. Another major government project that is boosting the Saudi Arabian HVAC market advance is the NEOM megacity, the first phase of which was completed in mid-2019. In addition, a large number of HVAC systems have been installed at Vox Cinemas, which was opened to the public in May 2019.
China’s Central Bank Seeks to Calm Inflation Jitters
Consumers shop at a supermarket in Lianyun district of Lianyungang city, East China s Jiangsu province, on May 11. Photo: VCG
China’s central bank has sought to calm growing concerns that surging commodity costs will fuel increases in consumer prices, saying that imported inflation is “generally controllable” and factory-gate prices will stabilize after global production and supply recover from the
“As a large economy, the increase in international commodity prices is not, on its own, likely to trigger any obvious imported inflation in China as long as it is not accompanied by overheating domestic demand,” the People’s Bank of China (PBOC) said in its
Domestic (Floor Cleaning, Lawn Mowing, Pool Cleaning, and Others)
Medical (Surgery Assistance, Handicap Assistance, and Others)
Field (Harvest Management, Field Farming, Dairy & Livestock Management, and Others)
Defense, Rescue, and Security (Demining, Fire and Bomb Fighting, Border Security & Surveillance, and Others)
Entertainment, Educational, and Personal (Entertainment, Education, and Companionship and Elderly Assistance)
Public Relations
Logistics (Warehouse Automation and Last-mile delivery)
Construction and Demolition
Key Companies Operating in this Market
ABB Ltd., FANUC Corp., Festo SE & Co. KG, Hans Laser Technology Industry Group Co. Ltd., Kawasaki Heavy Industries Ltd., Midea Group Co. Ltd., Robert Bosch GmbH, Staubli International AG, Teradyne Inc., and Yaskawa Electric Corp.