6wresearch logo

Expo 2020 'biggest growth driver for UAE'

September 16, 2015

The World Expo 2020 has emerged as the biggest growth driver of the construction market in the UAE, said an expert.

"With 25 million visitors expected for the forthcoming event in the country, a sharp rise in public infrastructure, hospitality, transportation, leisure and entertainment and retail is anticipated," stated Avishrant Mani, a senior research analyst at leading research and consulting group 6Wresearch.

Significant growth would be exhibited especially in the areas of hospitality, transportation and leisure and entertainment. By 2016, in the UAE about 140 new hotels are expected to come up, he added

All these developments have resulted in a major demand for air-conditioners in the country.

According to him, the UAE air-conditioners market is estimated to reach $1.02 billion in 2015, thanks to the increasing construction activities in the country with the expansion of airports, metros, growing hospitality sector coupled with increasing investments on account of upcoming World Expo 2020.

During 2010-12, the UAE air-conditioners market recorded sluggish demand for air-conditioners due to weaker economic conditions, depreciating US dollars, declining oil prices, and low investments in the country, said Mani.

However, in 2013, the market recovered significantly but remained flat in 2014. A similar trend as to previous year is anticipated in 2015, he added.

Over the next six years, growth of the air-conditioning market would be witnessed owing to more than $200 billion investments, which would be invested to build new and expand various public and private infrastructure.

"Centralised air-conditioning systems have generated the majority of the market revenues in the UAE's air-conditioner market. Rise in mega infrastructure would be the prime driver for further expansion of centralised air-conditioner market share through the forecast period," noted Mani.

According to him, the UAE air-conditioners market is highly fragmented, where many local and international players are catering to the country's demands.

Some of the key players are Carrier, York, LG, Trane, Zamil, Fujitsu General, Daikin, and Samsung.

Media Source: Trade Arabia

      Browse More Report

Saudi Arabia Package Substation Market (2016-2022)

Market Forecast by Types (Less than 36KV and 36KV to 150KV), Verticals (Industrial, Public Infrastructure, Residential, Power Utilities and Others), Regions (Central, Western, Eastern and Southern) and Competitive Landscape

Read More

India Cheque Scanner Market (2017-2022)

Market Forecast By Types (Single Feed and Multi Feed), Applications (Desktop and Kiosks), Regions (North, South, East and Western), Specifications and Competitive Landscape

Read More

GCC Solar Equipment Market (2016-2022)

Market Forecast by Types (Solar Photovoltaics (PV Modules, Mounting Structures, Inverters and Others) and Concentrated Solar Power Power (Solar Collectors and Towers, Thermal Energy Storage, Receiver and Others)), Countries (Saudi Arabia, UAE, Kuwait, Qatar, Oman and Bahrain) and Competitive Landscape

Read More

India Solar Water Pumping System Market (2017-2022)

Market Forecast by Power Rating (Up to 3HP, 3.1 to 10HP and Above 10HP), Design Type (Surface and Submersible), Drive Type (AC Motor and DC Motor), Applications (Lift Irrigation and Others), Regions (North, South, East and West) and Competitive Landscape

Read More

India Router and Switch Market (2016-2022)

Market Forecast by Router Types (Wired and Wireless), Switch Types (Managed and Unmanaged), Verticals (Residential, MSME, Large Enterprise, Hospitality & Healthcare, Government, Transportation, Education, BFSI and Telecommunication), Regions (Northern, Western, Southern and Eastern), Specifications and Competitive Landscape

Read More

India Internet of Things Market (2016-2022)

According to 6Wresearch, India IoT market is projected to grow at a CAGR of 28.2% during 2016-22. For the growth of the overall market, smart cities project is expected to play vital role.

Read More

India Network Attached Storage (NAS) Systems Market (2016-2022)

Market Forecast by NAS Type (1 Bay, 2 Bay, 4 Bay and Others (5-24 Bay)), End Users (Home/SOHO and SME), Specifications Trend and Competitive Landscape

Read More

India Transport Air Conditioner and Refrigeration Market (2016-2022)

Market Forecast by Segments (Bus (12-20 Seater, 21-25 Seater, 26-35 Seater and 36-45 Seater), Rail (Indian Railway and Metro) and Truck (Milk and Dairy Products, Fruits And Vegetables, Meat & Fish and Pharmaceuticals & Chemicals)), Services (New Installation, Modernization and Maintenance), Regions (North, South, East and West) and Competitive Landscape

Read More


Our Key Clients
6wreserach client list