Press Release

Kuwait HVAC After-Market to Witness 12.7% CAGR during 2021-26

According to MarkNtel Advisors’ research report, the Kuwait HVAC Aftermarket is projected to grow at a CAGR of 12.7% during 2021-26, mainly due to the surging installations of HVAC systems in commercial, residential, healthcare, and oil & gas sectors and significant developments in construction activities in the country due to Kuwait’s Vision 2035. Moreover, the aim of the government to diversify the economy from oil-based to service-based economy & lure foreign investments & companies into the country and make Kuwait a business-friendly country is another crucial aspect driving the market.

Service & Retrofit to Hold Significant Share of the Kuwait HVAC After-Market

The surging requirements for HVAC annual servicing & up-gradation of technology are the prime aspects that would drive the demand for Service & Retrofitting in the coming years. HVAC servicing is a crucial part due to hot & humid weather & increasing air pollution in the country. It increases the need for filter cleaning to avoid emergency system failures, improve the efficiency of HVAC systems, and minimize the equipment's wear & tear.

“Kuwait HVAC After-market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, trends available for Animal Feed providers across the country. Moreover, the report also encompasses the porter’s five forces model for the competitors' success and strategic factorial indexing measuring competitor's capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings

Al Ahmadi to Witness Fastest Growth Rate During 2021-26

The Al Ahmadi is projected to register the fastest market growth during 2021-26 due to surging expansion of the oil & gas sector. Moreover, the burgeoning government investments in the oil & gas sector to boost the national revenue of the country shall also boost the market growth in Al Ahmadi, reveals MarkNtel Advisors in their research report, “Kuwait HVAC After-market Analysis, 2021.”

Key Competitors

According to MarkNtel Advisors, the major leading players in the Kuwait HVAC After-market are Carrier Kuwait Air Conditioning K.S.C, Trane, Daikin Middle East & Africa FZE, SKM Refrigeration, Air Conditioning & Contracting Co. Ltd., United Facility Management, EFS Facilities Services, Fawaz Group, Ecovert FM Kuwait, etc.

Key Questions Answered in the Study

1. What are the current & future trends in the Kuwait HVAC After-Market?
2. How has the industry been evolving in terms of geography & service adoption?
3. How has the competition been shaping across Kuwait, followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Kuwait HVAC After-Market?
5. What are the customer orientation, purchase behavior, and expectations from HVAC after-market service providers across Kuwait?

Market Segmentation:

1. By Type (Service & Retrofit, Spare Parts)
2. By Stakeholders (OEMs, In-house Maintenance, Facility Management Companies)
3. By End User (Residential, Healthcare, Commercial & Retail, Government & Transportation, Hospitality, Oil & Gas, Others)
4. By Region (Al Asimah, Al Farwaniya, Hawalli, Al Ahmadi, Al Jahra)
5. By Competitors (Carrier Kuwait Air Conditioning K.S.C, Trane, Daikin Middle East & Africa FZE, SKM Refrigeration, Air Conditioning & Contracting Co. Ltd., United Facility Management, EFS Facilities Services, Fawaz Group, Ecovert FM Kuwait, etc.)