The Saudi Arabian government is taking action by investing in Saudi Arabia’s commercial and industrial sectors to reorganize the country’s non-oil economy, and supplemented the title “Saudi Arabia’s Thermostat, Valve and Actuator and Damper Actuator Market (2014- 2024)” report.
In addition, the country’s development plans (such as the Saudi Vision 2030) will complement the launch of new projects in the health sector, education, public services, building infrastructure, tourism and other fields. As a result, the country’s commercial and industrial sectors are expected to maintain a healthy growth rate during the forecast period, resulting in demand for products such as thermostats, valves and actuators, and damper actuators.
With the emergence of several upcoming hotels, economy cities, healthcare centers and entertainment cities, Saudi Arabia’s business sector will achieve significant growth, which will help thermostats, valves and actuators, and damper actuators Further growth of the market. In addition, the increasing acceptance of HVAC products in the industrial and commercial sectors for cooling, heating and fluid flow regulation processes will drive the market to achieve substantial growth in the next few years.
Ravi Bhandari, deputy manager of research and consulting at 6Wresearch, said: “The thermostat market is expected to have the highest growth rate in the country. The growth trend of smart buildings and consumer preference for modern technologies (such as building management systems) will be the main drivers for automation. The development of the thermostat market.
“In addition, the Saudi government is taking further action in the number of more energy-efficient structures in various government and non-government buildings. As a result, constant temperature is increasingly deployed in different social infrastructures, mosques, public facilities and government buildings, which will reduce Energy costs and drive the country’s thermostat market.”
Priya Sharma, research assistant for research and consulting at 6Wresearch, said: “Due to the widespread use of valves and actuators in the country’s commercial and industrial sectors, they have achieved the highest market revenue share in the market.”
“The main demand for valves and actuators comes from the water and wastewater treatment industry and the HVAC industry. In the water treatment industry, valves are required to control the flow and pressure of fluids, while in the HVAC field, valves and actuators are mainly deployed for regulation Cooling system for temperature inside the building.
Sharma added: “The growth of the country’s HVAC market and the recovery of the construction industry are expected to increase the demand for damper actuators during the forecast period.”
Some of the major players in the thermostat, valve and actuator and damper actuator market in Saudi Arabia include-Salim Johnson Controls, Beijing Breeze Controls, Bellimo Automation FZE, Siemens AG, Schneider Electric SE, Emerson Process Manage Arabia Co., Ltd., Honeywell International Inc., ABB Automation Co., Ltd., according to the report, AVK Saudi Valve Manufacturing Co., Ltd., Bray International Inc. and Orton SRL.
