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Impact of COVID-19 Outbreak on Saudi Arabia Chiller Market Growth Strategies, Rising Trends and Revenue Analysis

The expanding food and beverages industry along with infrastructural developments is fueling the growth of the Saudi Arabia chiller market. A chiller is an electrical device, which provides cooling to large spaces by removing the heat from the liquid contained within. The ‘chilled’ liquid, which is usually just water, is then used to cool the space.

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This market research report provides a comprehensive overview of the Saudi Arabia chiller market

  • Historical and the present size of the Saudi Arabia chiller market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential

For instance, once constructed, Jazan International Airport and Hail International Airport will require such chillers in significant numbers. Further, based on region, the domain has been categorized into central, western, southern, and eastern. Among all these, the Saudi chiller market is expected to grow the fastest in the western part of the country (at over 4.0% CAGR), as it is the location of its major cities, including Makkah, Jeddah, Tabuk, and Madinah.

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Market Dynamics

Trends

4.3.1.1 Increasing adoption of magnetic bearing chillers

4.3.1.2 Increasing inclination toward absorption chiller

Drivers

4.3.2.1 Increasing number of infrastructural projects

4.3.2.2 Growing tourism sector

4.3.2.3 Increasing demand from food and beverage industry

4.3.2.4 Impact analysis of drivers on market forecast

Restraint

4.3.3.1 Variable refrigerant flow (VRF) system as an alternative to chiller

4.3.3.2 Impact analysis of restraints on market forecast

Opportunity

4.3.4.1 Growing demand for energy efficient chillers

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