Market Forecast By - 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))) and Competitve Landscape
Product Code: ETC180933 | Publication Date: May 2022 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 91 | No. of Figures: 46 | No. of Tables: 13 |
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.
According to 6Wresearch, 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.
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 Attractiveness of the Report
Key Highlights of the Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
Table of Contents |
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Qatar, UAE and Oman Air Conditioner Services Market Overview |
3.1. Qatar, UAE and Oman Air Conditioner Services Market Revenues, 2018-2028F |
3.2. Qatar, UAE and Oman Air Conditioner Services Market - Industry Life Cycle |
3.3. Qatar, UAE and Oman Air Conditioner Services Market - Porter’s Five Forces |
3.4. Qatar, UAE and Oman Air Conditioner Services Market Revenue Share, By Applications, 2021 & 2028F |
3.5. Qatar, UAE and Oman Air Conditioner Services Market Revenue Share, By Countries, 2021 & 2028F |
3.6. Qatar, UAE and Oman Air Conditioner Services Market COVID-19 Impact Analysis |
4. Qatar, UAE and Oman Air Conditioner Services Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
5. Qatar, UAE and Oman Air Conditioner Services Market Trends |
6. Qatar Air Conditioner Services Market Overview |
6.1. Qatar Air Conditioner Services Market Revenues, 2018–2028F |
6.2. Qatar Air Conditioner Market Revenues and Volume, By Types 2018-2028F |
6.3. Qatar Air Conditioner Services Market Revenue Share, By Applications, 2021 & 2028F |
6.3.1. Qatar Air Conditioner Services Market Revenues, By Residential, 2018–2028F |
6.3.2. Qatar Air Conditioner Services Market Revenues, By Commercial, 2018–2028F |
6.3.3. Qatar Air Conditioner Services Market Revenues, By Industrial, 2018–2028F |
6.3.4. Qatar Air Conditioner Services Market Revenues, By Healthcare, 2018–2028F |
6.4. Qatar Air Conditioner Services Market Revenue Share, By Regions, 2021 & 2028F |
6.4.1. Qatar Air Conditioner Services Market Revenues, By Northern, 2018–2028F |
6.4.2. Qatar Air Conditioner Services Market Revenues, By Southern, 2018–2028F |
6.5. Qatar Air Conditioner Services Market Key Performance Indicators |
6.6. Qatar Air Conditioner Services Market Opportunity Assessment |
6.6.1. Qatar Air Conditioner Services Market Opportunity Assessment, By Applications, 2028F |
6.6.2. Qatar Air Conditioner Services Market Opportunity Assessment, By Regions, 2028F |
7. UAE Air Conditioner Services Market Overview |
7.1. UAE Air Conditioner Services Market Revenues, 2018–2028F |
7.2. UAE Air Conditioner Market Revenues and Volume, By Types 2018-2028F |
7.3. UAE Air Conditioner Services Market Revenue Share, By Applications, 2021 & 2028F |
7.3.1. UAE Air Conditioner Services Market Revenues, By Residential, 2018–2028F |
7.3.2. UAE Air Conditioner Services Market Revenues, By Commercial, 2018–2028F |
7.3.3. UAE Air Conditioner Services Market Revenues, By Industrial, 2018–2028F |
7.3.4. UAE Air Conditioner Services Market Revenues, By Healthcare, 2018–2028F |
7.4. UAE Air Conditioner Services Market Revenue Share, By Regions, 2021 & 2028F |
7.4.1. UAE Air Conditioner Services Market Revenues, By Northern, 2018–2028F |
7.4.2. UAE Air Conditioner Services Market Revenues, By Southern, 2018–2028F |
7.5. UAE Air Conditioner Services Market Key Performance Indicators |
7.6. UAE Air Conditioner Services Market Opportunity Assessment |
7.6.1. UAE Air Conditioner Services Market Opportunity Assessment, By Applications, 2028F |
7.6.2. UAE Air Conditioner Services Market Opportunity Assessment, By Regions, 2028F |
8. Oman Air Conditioner Services Market Overview |
8.1. Oman Air Conditioner Services Market Revenues, 2018–2028F |
8.2. Oman Air Conditioner Market Revenues and Volume, By Types 2018-2028F |
8.3. Oman Air Conditioner Services Market Revenue Share, By Applications, 2021 & 2028F |
8.3.1. Oman Air Conditioner Services Market Revenues, By Residential, 2018–2028F |
8.3.2. Oman Air Conditioner Services Market Revenues, By Commercial, 2018–2028F |
8.3.3. Oman Air Conditioner Services Market Revenues, By Industrial, 2018–2028F |
8.3.4. Oman Air Conditioner Services Market Revenues, By Healthcare, 2018–2028F |
8.4. Oman Air Conditioner Services Market Revenue Share, By Regions, 2021 & 2028F |
8.4.1. Oman Air Conditioner Services Market Revenues, By Northern, 2018–2028F |
8.4.2. Oman Air Conditioner Services Market Revenues, By Southern, 2018–2028F |
8.5. Oman Air Conditioner Services Market Key Performance Indicators |
8.6. Oman Air Conditioner Services Market Opportunity Assessment |
8.6.1. Oman Air Conditioner Services Market Opportunity Assessment, By Applications, 2028F |
8.6.2. Oman Air Conditioner Services Market Opportunity Assessment, By Regions, 2028F |
9. Qatar, UAE and Oman Air Conditioner Services Market Competitive Landscape |
9.1. Qatar, UAE and Oman Air Conditioner Services Market Revenue Share/ Ranking, By Companies, 2021 |
9.2. Qatar, UAE and Oman Air Conditioner Services Market Competitive Benchmarking, By Operating Parameters |
10. Company Profiles |
10.1. Carrier Corporation |
10.2. Daikin Industries, Ltd |
10.3. Trane Inc. |
10.4. Johnson Controls International PLC |
10.5. S.K.M Air Conditioning LLC |
10.6. Fujitsu General Ltd. |
10.7. Mitsubishi Electric Corporation |
10.8. Refrigeration Industries Co |
10.9. LG Electronics Inc. |
10.10. Eco Gate Technical Services |
11. Key Strategic Recommendations |
12. Disclaimer |
List of Figures |
1. Qatar, UAE and Oman Air Conditioner Services Market Revenues, 2018-2028F ($ Million) |
2. Qatar, UAE and Oman Air Conditioner Services Market Revenue Share, By Applications, 2021 & 2028F |
3. Qatar, UAE and Oman Air Conditioner Services Market Revenue Share, By Countries, 2021 & 2028F |
4. Value of GCC Contracts Awarded by Qatar, UAE and Oman– 2019 & 2020 (Q2-Q4) ($ Million) |
5. Qatar, UAE and Oman Air Conditioner Market Revenues, 2019 & 2020, (in $ Million) |
6. Qatar, UAE and Oman Oil & Non-Oil Growth as a Percentage of GDP, 2019 |
7. Qatar Air Conditioner Services Market Revenues, 2018–2028F ($ Million) |
8. Qatar Air Conditioner Services Market Revenue Share, By Applications, 2021 & 2028F |
9. Qatar Air Conditioner Services Market Revenue Share, By Regions, 2021 & 2028F |
10. Qatar Investment in Industrial Sector, 2017-2020 ($ Billion) |
11. Qatar Total Number of factories, 2017-2020 |
12. Qatar Residential Supply, 2018-2022F (Thousand Units) |
13. Qatar Building Permits Issued for Residential Buildings, 2017- 2021 |
14. Qatar Office Supply, 2018-2022F (Million sq m GLA) |
15. Number of Commercial Building Permits Issued in Qatar, 2017-2021 |
16. Qatar Retail Supply, Q1 2021 (Thousand sq m GLA) |
17. Distribution of GLA of Shopping Centres/Malls Across Municipalities of Qatar, Q1 2021 |
18. Qatar Hotel Supply, 2018-2022F (Thousand Keys) |
19. Qatar Upcoming First Class and Luxury Hotel Projects (No. of Projects), 2021E-2024F |
20. Qatar Air Conditioner Services Market Opportunity Assessment, By Applications, 2028F |
21. Qatar Air Conditioner Services Market Opportunity Assessment, By Regions, 2028F |
22. UAE Air Conditioner Services Market Revenues, 2018–2028F ($ Million) |
23. UAE Air Conditioner Services Market Revenue Share, By Applications, 2021 & 2028F |
24. UAE Air Conditioner Services Market Revenue Share, By Regions, 2021 & 2028F |
25. Abu Dhabi Residential Supply, 2018-2022E (Thousand Units) |
26. Dubai Residential Supply, 2018-2022E (Thousand Units) |
27. UAE Expected Retail Supply, 2021 (Thousand sq m GLA) |
28. Abu Dhabi and Dubai Retail Supply in SQFT GLA (Million), H1-2020 – 2022F |
29. Dubai Hotels RevPAR, Apr,2020-Apr,2021 (USD) |
30. Dubai Hotel Occupancy Levels (%), Apr,2020-Apr,2021 |
31. Dubai Hotels ADR, Apr,2020-Apr,2021 (USD) |
32. UAE Number of Branded Hotel Keys, Q3 2020 – FY 2023F |
33. Number of Hotels in Dubai & Abu Dhabi, 2018-2020 |
34. UAE Air Conditioner Services Market Opportunity Assessment, By Applications, 2028F |
35. UAE Air Conditioner Services Market Opportunity Assessment, By Regions, 2028F |
36. Oman Air Conditioner Services Market Revenues, 2018–2028F ($ Million) |
37. Oman Air Conditioner Services Market Revenue Share, By Applications, 2021 & 2028F |
38. Oman Air Conditioner Services Market Revenue Share, By Regions, 2021 & 2028F |
39. Oman Number of Tourist Arrival, 2016-2020 (Thousands) |
40. Oman Hotel Room Inventory, 2016-2020 |
41. Oman Air Conditioner Services Market Opportunity Assessment, By Applications, 2028F |
42. Oman Air Conditioner Services Market Opportunity Assessment, By Regions, 2028F |
43. Qatar Air Conditioner Services Market Revenue Share, By Companies, 2021 |
44. UAE Air Conditioner Services Market Revenue Share, By Companies, 2021 |
45. Oman Air Conditioner Services Market Revenue Ranking, By Companies, 2021 |
46. Qatar, UAE and Oman Air Conditioner Services Market Opportunity Assessment, By Countries, 2028F |
List of Tables |
1. Upcoming Projects in Qatar, UAE and Oman Construction Sector as of 2021 ($ Million) |
2. Qatar Air Conditioner Market Revenues, By Types, 2017-2027F ($ Million) |
3. Qatar Air Conditioner Market Volume, By Types, 2017-2027F (Thousand Units) |
4. Qatar Air Conditioner Services Market Revenues, By Applications, 2018–2028F ($ Million) |
5. Qatar Air Conditioner Services Market Revenues, By Regions, 2018–2028F ($ Million) |
6. UAE Air Conditioner Market Revenues, By Types, 2017-2027F ($ Million) |
7. UAE Air Conditioner Market Volume, By Types, 2017-2027F (Thousand Units) |
8. UAE Air Conditioner Services Market Revenues, By Applications, 2018–2028F ($ Million) |
9. UAE Air Conditioner Services Market Revenues, By Regions, 2018–2028F ($ Million) |
10. Oman Air Conditioner Market Revenues, By Types, 2017-2027F ($ Million) |
11. Oman Air Conditioner Market Volume, By Types, 2017-2027F (Thousand Units) |
12. Oman Air Conditioner Services Market Revenues, By Applications, 2018–2028F ($ Million) |
13. Oman Air Conditioner Services Market Revenues, By Regions, 2018–2028F ($ Million) |