Qatar Air Conditioners Market Set to Grow at CAGR 12% till 2021
Increasing construction activity, rising disposable
income and introduction of energy efficient air conditioner technologies to
boost sales of air conditioners in Qatar
According to TechSci Research report, “Qatar Air Conditioners Market By Product Type, By End Use Sector, Competition Forecast
and Opportunities, 2011-2021’’, air conditioners market in Qatar is
anticipated to grow at a CAGR of around 12.7% during 2016-2021. Backed by increasing
construction activities being undertaken on account of upcoming FIFA World Cup to
be held in Qatar in 2022, coupled with an increasing number of commercial and
residential buildings as well as government mandating use of energy efficient
air conditioners in the country, Qatar air conditioners market is anticipated
to grow over the next five years. Two major end user segments of air
conditioners in Qatar are residential and commercial, with major demand for air
conditioners emanating from the residential sector. However, on the back of
increasing construction activities in commercial sector for developing
infrastructure to accommodate the huge anticipated inflow of visitors in Qatar
during FIFA World Cup, the share of residential sector is expected to witness a
slight decline during the forecast period.
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Air Conditioners Market"
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East & Central regions of Qatar accounted
for a cumulative revenue share of over 56% in 2015 in Qatar air conditioners
market. This cumulative regional share is expected to increase further in the
coming years on account of various ongoing and upcoming mega construction
projects such as Lusail City, worth $45 billion, in North Doha in East region, and
Al-Rayyan stadium in the Central region. LG, Gree, Daikin, Samsung and Carrier
are few of the leading companies operating in Qatar air conditioners market in
2015.
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“Increasing number of
hotels, villas and
apartments for accommodating visitors during the FIFA World
Cup,
coupled with rising urbanization, surging number of retail stores and service centers in Qatar is augmenting demand
for air conditioners in the country.
In terms of product category, split air conditioners are expected to continue
their dominance in the country’s air conditioners market through 2021”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Qatar Air Conditioners Market
By Product Type, By End Use Sector, Competition Forecast and Opportunities,
2011-2021’’, has evaluated the future growth potential of Qatar air conditioners market
and provides statistics and information on market structure, size, share and
future growth of Qatar air conditioners market. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
evaluation. Besides, the report also analyzes consumer behavior which includes
spending pattern, brand awareness level, frequency of purchasing air
conditioners through retail stores.
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