Global industry giants eyeing $6.3bn HVACR market

(12/27/2018 7:35:00 AM)

Leading international and regional players in the HVACR (heating, ventilation, air-conditioning and refrigeration) sector will be in Riyadh for three days of business and networking at the HVACR Expo Saudi.

The event, being held from January 28 to 30 at the Riyadh International Convention & Exhibition Center (RICEC), will feature prominent international brands from over 15 countries.

Major industry giants including Carrier, Zamil AC, York, Midea, Samsung, Alessa Group, LG, SKM, Caleffi Hydronic Solutions, VTS Clima, Hitachi, Haas, Gibson, Rheem, RIG and BNF will be showcasing their products and solutions at the event.

With the HVACR market in Saudi Arabia expected to reach a value of up to $6.36 billion by 2022, the region’s most anticipated HVACR event continues to gain interest from global industry leaders looking to invest in the Kingdom, said the organisers, dmg events.

The three-day expo is co-located with FM Expo Saudi and Saudi Clean Expo, HVACR Expo Saudi will run from 28 to 30 January 2019 at RICEC. Backed by strong support from the Saudi Standards, Metrology and Quality Organization (SASO) and GCC Standardization Organization (GSO), HVACR Expo Saudi is gearing up for its 4th edition in Riyadh this coming January, they added.

Roni El Haddad, the event director for HVACR Expo Saudi, said: "Saudi Arabia contributes close to 2 per cent of the global HVACR market and this has not gone unnoticed by major industry players abroad. We are witnessing a growing interest from these brands to present the latest HVACR products to the Saudi market, and to offer the technologies capable of pushing forward this promising sector."

"Thanks to the development of new regulations, and ongoing discussions between local market leaders and Saudi Authorities, international brands planning to enter the market or to expand their local production opportunities can look forward to strong business relations going forward," he added.

HVACR Expo Saudi will host industry leaders from over 15 countries including Turkey, China, Italy, USA, Kuwait, Malaysia, Singapore, Egypt, United Arab Emirates and KSA to showcase the most innovative industry solutions.

Faizal Babu Pallathody, the managing director at VTS Clima, said: "Extreme climatic conditions in Saudi Arabia, changing lifestyles and rising number of government initiatives towards restructuring the country’s oil-dependent economy are expected to boost demand for HVAC systems in the country."

"Growth in the market is anticipated to be driven by increasing integration of HVAC systems in smart products and continuously rising demand for energy-efficient HVAC systems," stated Pallathody.

To keep visitors up to date with the latest industry trends, HVACR Expo will offer a free-to-attend, CPD (continuing professional development) certified workshop agenda. Responding to the popularity of workshops conducted in the previous edition, and increasing its capacity to accommodate twice the number of delegates, the agenda will run across two workshop theatres conducting 30 sessions, said the organisers.

In 2018, HVACR Expo Saudi welcomed over 6000 industry professionals from more than 25 visiting countries and was 20 per cent larger than the previous edition.

Along with 75 exhibiting companies, the event featured 20 workshop sessions, exclusive product launches and the EU-Saudi Arabia Energy Efficiency Meeting.

The 2019 expo enjoys support from Carrier (Platinum Sponsor), Zamil Air Conditioners (Gold Sponsor), Al Salem Johnson Controls and YORK (Silver Sponsor), HH-Shaker & Midea AC (Exclusive Registration Sponsor), and Al Essa Industries Co. and Crafft (Official Catalogue Sponsor).

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