Kuwait HVAC After-Market Research Report: Forecast (2021-2026)

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

  • Environment
  • Oct 2021
  • 143
  • PDF, Excel, PPT

HVAC after-market is the industry providing after-sales services, such as repair, maintenance, spare parts, etc., for the HVAC systems installed. Stakeholders like OEMs, Facility Management Companies, and In-house Maintenance play a crucial role in the market. 

The Kuwait HVAC After-Market is projected to grow at a CAGR of around 12.7% during the forecast period, i.e., 2021-26, says MarkNtel Advisors. The market is driven primarily by the increasing investments in the commercial & hospitality sectors, coupled with various government initiatives toward building Smart cities across Kuwait. Moreover, with new servicing methods, the number of participating companies increased, thereby driving the market.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR (2021-2026) 12.7%
Key Companies Profiled 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
Unit Denominations USD Million/Billion

 

COVID-19 Outbreak Minimally Impacted the Kuwait HVAC After-Market

Last year, the Covid-19 pandemic had a minimal impact on the Kuwait HVAC After-Market industry. The imposition of lockdown and movement restrictions halted the servicing of HVAC systems across the hospitality & commercial sectors. However, HVAC systems being an absolute necessity in the country, revenue losses got covered with the ease of norms and lockdown upliftment.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Macro-Economic Indicators
  4. Impact of COVID-19 on Kuwait HVAC After-Market
    1. Short Term
    2. Long Term
  5. Kuwait HVAC After-Market Analysis, 2016-2026
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Type
        1. Service & Retrofit (Strategies include Contracts, Repairs & Replacement)
        2. Spare parts
      2. By End User
        1. Residential
        2. Healthcare
        3. Commercial & Retail
        4. Government & Transportation
        5. Hospitality
        6. Oil & Gas
        7. Others (Education, Industrial, etc.)
      3. By Stakeholder
        1. OEM
        2. In-house Maintenance
        3. Facility Management Companies
      4. By Region
        1. Al Asimah
        2. Al Farwaniya
        3. Hawalli
        4. Al Ahmadi
        5. Al Jahra
      5. By Company (Leading Players in Window AC, Hi-Wall Split AC, Other Splits, VRF, Chillers, Ducted Split AC, Packaged AC)
      6. Type of Services (Facility Management Vs. Others)
        1. HVAC Facility Management Market (2016-2026)
        2. Revenue Share for Top Leading Facility Management Companies Managing HVAC Sector
      7. By Company (Aftermarket Services)
        1. Competitor Wise Revenue Share
        2. Strategic Factorial Indexing
        3. Competitor Placement on MarkNtel Quadrant
    3. Porter’s Five Forces Model
  6. Kuwait HVAC After-Market Attractive Indexing
    1. By Type
    2. By Region
    3. By End Users
  7. Kuwait HVAC After-Market Trends & Developments
  8. Kuwait HVAC After-Market Dynamics
    1. Impact Analysis
    2. Drivers
    3. Challenges
  9. Consumer Survey
    1. Voice of customers, By Residential and Non Residential Customer
      1. Awareness on impact of HVAC on energy bill. (Aware/Not Aware)
      2. Have they taken any steps to reduce energy wastage from HVAC side? (Yes/No) If yes, then what are these? If not, are they actively looking for solutions to save energy on HVAC side?
      3. What would be acceptable levels of ROI for HVAC energy saving solutions? (valid for Non-residential customers)
      4. Top 5 Brand Preferences
        1. Rate these Brands on the following factors: Quality Response, Service Professionalism, and Delivery Response-Fast/Slow & Overall Satisfaction.
  10. Competitive benchmarking
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target End Users
      4. Research & Development
      5. Strategic Alliances
      6. Strategic Initiatives
    2. Company Profiles
      1. Johnson Control
      2. Carrier Kuwait Air Conditioning K.S.C
      3. Trane
      4. Daikin Middle East & Africa FZE
      5. SKM Air Conditioning & Contracting Co. Ltd.
      6. United Facility Management
      7. EFS Facilities Services
      8. Fawaz Group
      9. Ecovert FM Kuwait
  11. Disclaimer


MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

Data Trangulation

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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