The UAE’s chiller market showed a strong performance in 2015, increasing by 21.1% to US$ 149.2 million. Centrifugal chillers were a growth driver with a 35.5% increase to US$ 48.7 million. Screw chillers represent about two-thirds of the total chiller market with US$ 97.9 million and experienced double-digit growth of 15.3%.
The construction sector is considered to be one of the key pillars of the UAE’s economy. Especially Dubai is slated to host the World Expo in 2020, which is expected to increase construction of large-scale facilities. According to a re-cent international report, the value of Dubai’s construction projects in the execution and planning stages is expected to reach a record of US$ 390.7 billion in 2015. In 2016, Dubai is expected to award an additional US$ 36.5 billion worth of projects, which will boost the growth potential of chiller demand.