Middle East and Africa (MEA) Chiller Market to Reach $1.3 Billion by 2024: P&S Intelligence

NEW YORK, May 27, 2019 (GLOBE NEWSWIRE) — According to the market research report published by P&S Intelligence, Middle East and Africa chiller market is expected to reach $1.3 billion by 2024, recording a CAGR of 3.6% during 2019-2024. Growing demand for chillers from the district cooling system, transportation and hospitality sectors is propelling the growth of the market. However, factors such as surging demand for inverter-based chillers is anticipated to provide huge opportunities for the market players in the coming years. Request to get the sample pages of the report: https://www.psmarketresearch.com/market-analysis/mea-chiller-market/report-sample However, during 2014-2015, Middle East and Africa chiller market recorded a dip in revenues due to slump in oil prices. This has also led to decrease in revenues generated by the oil & gas industry in the MEA region. However, factors like upcoming events, Dubai Expo 2020, FIFA World Cup 2022, and Africa Confederation Cup (AFCON) in 2019 has revived the MEA market. This has led to the construction of new stadiums and hotels, resulting in increased demand for chillers in the region. Based on end-user, Middle East an...

Middle East and Africa (MEA) Chiller Market to Reach $1.3 Billion by 2024: P&S Intelligence

NEW YORK, May 27, 2019 (GLOBE NEWSWIRE) — According to the market research report published by P&S Intelligence, Middle East and Africa chiller market is expected to reach $1.3 billion by 2024, recording a CAGR of 3.6% during 2019-2024. Growing demand for chillers from the district cooling system, transportation and hospitality sectors is propelling the growth of the market. However, factors such as surging demand for inverter-based chillers is anticipated to provide huge opportunities for the market players in the coming years. Request to get the sample pages of the report: https://www.psmarketresearch.com/market-analysis/mea-chiller-market/report-sample However, during 2014-2015, Middle East and Africa chiller market recorded a dip in revenues due to slump in oil prices. This has also led to decrease in revenues generated by the oil & gas industry in the MEA region. However, factors like upcoming events, Dubai Expo 2020, FIFA World Cup 2022, and Africa Confederation Cup (AFCON) in 2019 has revived the MEA market. This has led to the construction of new stadiums and hotels, resulting in increased demand for chillers in the region. Based on end-user, Middle East a...