Cooling Equipment Leads Saudi Thermal Products Market as Urban Growth Fuels Demand

According to the latest market research study published by P&S Intelligence, the Saudi Arabia thermal products market is projected to grow steadily, reaching an estimated USD 429.1 million in 2024, with a CAGR of 3.0% leading to USD 509.7 million by 2030. These products—ranging from cooling and heating equipment to compressors, thermal interface materials, and heat-transfer components—are key to managing temperature across high-growth sectors such as oil & gas, construction, IT & telecom, and consumer electronics.

Driven by rapid infrastructure expansion and intensified oil & gas operations in regions like Riyadh (the largest province) and Makkah (fastest-growing), the market benefits from supportive government investments and rising demand for energy-efficient thermal systems. Additionally, technological advancements in cooling equipment are enabling improved thermal management in critical facilities, aligning with Saudi Arabia’s Vision 2030 goals to enhance industrial efficiency and reduce energy consumption.

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Key Insights

• The market is fragmented, with no single powerhouse dominating the landscape and numerous small-to-mid-sized players competing on pricing and performance.
• Segmentation reveals cooling equipment as the largest product category, reflecting strong demand in HVAC systems across residential and commercial infrastructure.
• The product mix also includes liquid cooling systems, thermoelectric cooling, compressors, heating equipment, thermal interface materials, and heat transfer components, catering to diversified industrial and consumer applications.
• Regional breakdown:
• Al‑Riyadh stands out as the largest market, suggesting concentrated industrial and urban cooling needs.
• Makkah shows the fastest growth, likely driven by seasonal demand spikes and hospitality infrastructure expansion.
• Government regulation—such as energy efficiency standards—and rising awareness of carbon reduction targets are pushing manufacturers to offer more sustainable and low‑GWP (global warming potential) thermal solutions.
• Technology trends: innovation in cooling systems (e.g., advanced liquid-cooling and thermoelectric modules) is enhancing thermal control in high-density data centers and telecommunications sectors.
• Competitive dynamics: Companies are optimizing their value chains through partnerships, pricing strategies, and localized production to strengthen market foothold.
• Future opportunities:
• Increasing energy demand in mega‑projects (e.g., NEOM, Red Sea Development) opens doors for customized thermal systems.
• Rising need for thermal interface materials in electronics manufacturing and oil & gas plant modernization.
• Potential growth in service and maintenance segments for installed cooling/heating systems.

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Dental Equipment Industry IS Dominated by North America

The total revenue generated by the dental equipment industry of USD 6,349.4 million in 2022, which will reach at a rate of 7.9% in the years to come, to reach USD 11,632.4 million by 2030, as stated by a market research company, P&S Intelligence.

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The surge in the people count with oral problems, such as, oral cancer, periodontal disease, and oro-dental trauma, fundamentally leads to the expansion of the market. 

The occurrence of oral illness is increasing globally because of the unhealthy lifestyles of people, increasing elderly population, and altering living conditions. Furthermore, dental ailments mainly stem from a shift to softer, more-sugary foods than the ones people consumed till four or five decades ago.

The development in the geriatric population is also a key factor accountable for the growing incidence of more than a few oral problems. It turns out to be difficult to uphold oral health at an elder age because of physical incapability and confinement at home or institutionalization.

North America dominated the dental equipment market, of about 45%, in 2022. This is because of the continuing expansion in dental equipment, for example, digital radiographs, intraoral cameras, lasers, and CAD/CAM systems; speedily changing lifestyles, increasing occurrence of oral diseases, extensive acceptance of new techs, shifting demographic tendencies, and snowballing consumer consciousness of the link amid oral hygiene and general health.

It is because of the increasing older population and growing count of dental tourists, the demand for dental equipment market will continue to grow in the years to come.

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