Qatar, UAE And Oman Air Conditioner Services Market Outlook and Competitive Landscape Report 2022-2028
DUBLIN, Jan. 25, 2023 /PRNewswire/ -- The "Qatar, UAE And Oman Air Conditioner Services Market Outlook: Market Forecast By - Qatar (By Applications, By Regions)), UAE (By Applications, By Regions), Oman (By Applications, By Regions) And Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
Qatar UAE And Oman Air Conditioner Services Market size is projected to grow at a CAGR of 2.9% during 2022-2028.
The market is anticipated to register growth in the upcoming years owing to increasing government ambitious vision initiatives like Abu Dhabi Vision 2030, Dubai Vision 2030, Qatar National Vision 2030, and Oman Vision 2040 which aims to diversify the economy from oil to non-oil sectors like industrial, commercial and other social infrastructure sectors.
Due to these initiatives, there are numerous upcoming large-scale developmental projects in the pipeline like the building of new hotels, offices, metro rail projects, stadiums, and airports. This would intensify the demand for air conditioner services in Qatar, UAE and Oman during the forecasted period.
Qatar, UAE, and Oman air conditioner services market report thoroughly covers the market by applications and regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Qatar, UAE and Oman Air Conditioner Services Market Synopsis
Qatar, UAE and Oman air conditioner services witnessed a modest growth in recent years owing to the increasing focus of the countries on diversifying the economy by reducing reliance on the oil sector and investing heavily in non-oil sectors after the oil price crisis of 2014, which lead to setting up of large-scale commercial buildings, such as economic cities, medical cities, hotels, offices and data centers across the countries.
The market growth slowed in 2020 due to an outbreak of coronavirus pandemic which resulted in the complete lockdown bought in force by the governments of the countries to prevent the spread of Covid-19. This led to supply chain disruptions and put a halt to the developmental activities across all the applications. However, there was only a slowdown of growth and no decline in the services market even after the decline in the construction sector as technicians were servicing the existing deployed air conditioners after the easing of lockdown protocols.
Market by Applications Analysis
In terms of applications, the industrial segment garnered 62.1% of the market revenue in 2021. The segment acquired maximum revenue size on account of higher average cost of servicing and more frequency of industrial air conditioner servicing requirements.
Market by Countries Analysis
In terms of countries, UAE have captured 59% of the market revenue in 2021. The country accounted for the largest revenue share in the market on account of large-scale construction projects being carried out in the country.
According to a media report released in Sept 2020, the UAE construction industry is projected to record a CAGR of 6.2% by 2024. Hence, growing construction activities in the country are expected to intensify the demand for air conditioner services in the coming years.
Key Highlights of the Report
- Qatar, UAE and Oman Air Conditioner Services Market Overview
- Qatar, UAE and Oman Air Conditioner Services Market Outlook
- Qatar, UAE and Oman Air Conditioner Services Market Forecast
- Historical Data and Forecast of Qatar, UAE and Oman Air Conditioner Services Market Revenues, for the Period 2018-2028F
- Historical Data and Forecast of Qatar, UAE and Oman Air Conditioner Services Market Revenues, By Applications, for the Period 2018-2028F
- Historical Data and Forecast of Qatar, UAE and Oman Air Conditioner Services Market Revenues, By Countries, for the Period 2018-2028F
- Historical Data and Forecast of Qatar, UAE and Oman Air Conditioner Market Revenues and Volume, By Countries, for the Period 2018-2028F
- Market Drivers
- Market Trends
- Market Industry Life Cycle
- Porter's Five Force Analysis
- Market Opportunity Assessment
- Qatar, UAE and Oman Air Conditioner Services Market Revenue Share, By Companies
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Company Profiles
- Carrier Corporation
- Daikin Industries, Ltd
- Trane Inc.
- Johnson Controls International PLC
- S.K.M Air Conditioning LLC
- Fujitsu General Ltd.
- Mitsubishi Electric Corporation
- Refrigeration Industries Co
- LG Electronics Inc.
- Eco Gate Technical Services
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
Qatar
By Applications
- Residential
- Commercial
- Industrial
- Healthcare
By Regions
- Northern Region
- Lusail
- Al Khor
- Dukhan
- Southern Region
- Doha
- Al Wakrah
- Ash Shaqra
UAE
By Applications
- Residential
- Commercial
- Industrial
- Healthcare
By Regions
- Northern Region
- Ajman
- Al Fujairah
- Dubai
- Ras Al-Khaimah
- Sharjah
- Umm al-Qaywayn
- Southern Region
- Al Ain
- Abu Dhabi
Oman
By Applications
- Residential
- Commercial
- Industrial
- Healthcare
By Regions
- Northern Region
- Musandam
- Al Buraymi
- Ad Dhahirah
- AL Batinah
- Muscat
- Ad Dakhiliyah
- Ash Sharqiyah
- Southern Region
- Al Wusta
- Dhofar
For more information about this report visit https://www.researchandmarkets.com/r/krp7g9-uae-and?w=5
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