Kuwait HVAC Aftermarket Research Report: Forecast (2021-2026)

Kuwait HVAC Aftermarket 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 Read more

  • Environment
  • Oct 2021
  • 143
  • ET10223

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
Kuwait HVAC Aftermarket Segmentation
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