NEW YORK, June 13, 2016 /PRNewswire/ --
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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Browse 11 market data Tables and 24 Figures spread through 102 Pages and an in-depth TOC on
"Qatar Air Conditioners Market"
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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