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.”
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