The Qatar Air Conditioner Market is expecting around 5% CAGR during 2023-28, states MarkNtel Advisors in their recent research report. The growing government focuses on economic diversification, i.e., displaying massive investments in different sectors like commercial, residential, & industrial, is surging the demand for air conditioners for cooling & ventilation applications and driving the market.
Besides, since Qatar hosts multiple events and is observing a growing influx of tourists, pilgrims, & migrants, there are numerous ongoing & upcoming construction projects with respect to airports, hotels, resorts, shopping malls, metros & railways, among others. It, in turn, is demonstrating an accelerated demand for air conditioners across such facilities through 2028.
Moreover, the government is also working on enhancing the country's education system, i.e., leading to the rising establishment of institutes, universities, & schools and a positive growth prospect for the market in the coming years, further states the research report, “Qatar Air Conditioner Market Analysis, 2023.”
Increasing Infrastructural Developments to Fuel the Market Growth across the Commercial Sector
The commercial sector is expecting the largest share in the Qatar Air Conditioner Market during 2023-28. It attributes primarily to favorable government policies & various ongoing infrastructural development projects for airports, metro & railway stations, centrally-cooled stadiums & auditoriums, etc., i.e., surging the demand for air conditioners.
Besides, the escalating establishments of several multinational companies & start-ups are also contributing to the mounting demand for air conditioners across corporate offices in Qatar. Hence, based on these aspects, the market is expected to witness lucrative growth opportunities across the commercial sector in the coming years, reveals MarkNtel Advisors in their research report, "Qatar Air Conditioner Market Analysis, 2023."
The leading players in the Qatar Air Conditioner Market are LG Electronics, Fujitsu General, Carrier, Daikin Industries, York, Samsung, Gree, Mitsubishi, Midea, and Toshiba.
Key Questions Answered in the Research Report