power and energy

 The Middle East and Africa (MEA) is one of the hottest regions on earth, with a large part of it covered by two great deserts: the Sahara and Arabian. This is why air conditioners are an important requirement here, especially during the scorching summers. Moreover, with climate change, higher temperatures are being recorded in the region every year. For instance, in 2017, temperatures of around 54 degree Celsius were recorded in Iran, Kuwait, and Iraq. Further, the Max Planck Institute for Chemistry says that the temperature rise in the region will be two-times faster than the global average. This is why P&S Intelligence expects the Middle East and Africa heating, ventilation, and air conditioning (HVAC) market to reach $10.1 billion by 2024 from $7.8 billion in 2018, at a 4.9% CAGR during the forecast period (2019–2024). Similarly, countries near or on the equator have average humidity of 50%, which makes ventilation systems necessary here. Thus, with the strengthening of the...