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dublin, January 25, 2023 /PRNewswire/—— “QatarUAE and Oman Air Conditioning Services Market Outlook: Market Forecast – Qatar (by Application, by Region)), UAE (by Application, by Region), Oman (by Application, by Region) and Competitive Landscape” report added to ResearchAndMarkets.com’s supply.
The Qatar, UAE, and Oman air conditioning services market size is projected to grow at a CAGR of 2.9% during 2022-2028.
The market is expected to witness growth in the coming years owing to the rise in government ambitious vision initiatives such as Abu Dhabi Vision 2030, Dubai Vision 2030, Qatar National Vision 2030, and Oman Vision 2040, which aim to achieve growth from Economic diversification from oil to non-oil sectors such as industry, commerce and other social infrastructure sectors.
As a result of these initiatives, many upcoming large-scale development projects are in the pipeline, such as the construction of new hotels, offices, subway projects, sports stadiums and airports.This will exacerbate the demand for air conditioning services QatarUAE and Oman during the forecast period.
QatarUnited Arab Emirates, and Oman The air conditioning service market report comprehensively covers the market by application and region. The market report provides an unbiased and detailed analysis of current market trends, opportunities/high-growth areas, and market drivers, which will help stakeholders to formulate and align their market strategies in line with current and future market dynamics.
QatarUAE and Oman Air Conditioning Services Market Overview
QatarUAE and Oman Air-conditioning services have seen moderate growth in recent years as countries have increasingly focused on diversifying their economies by reducing dependence on the oil sector and investing heavily in non-oil sectors following the 2014 oil price crisis, which led to the establishment of nationwide Economic city, medical city, hotel, office building, data center and other large commercial buildings.
Market growth slowed down in 2020 due to the outbreak of the coronavirus pandemic, which led to the imposition of total lockdowns by governments to prevent the spread of Covid-19. This has disrupted the supply chain and halted all application development activities. However, even after the downturn in the construction sector, the services market only slowed rather than declined as technicians repaired air conditioners in existing deployments after lockdown protocols were eased.
Market Analysis by Application
In terms of application, the industrial segment captured 62.1% of the market revenue in 2021. This segment captures the largest revenue size owing to higher average repair cost and higher frequency of industrial air conditioning repair requests.
National market analysis
In terms of countries, the UAE captured 59% of the market revenue in 2021. The country accounted for the largest revenue share in the market owing to the ongoing large-scale construction projects in the country.
According to media reports published in 2018 September 2020, the UAE construction industry is expected to grow at a compound annual growth rate of 6.2% through 2024. Hence, growing construction activities in the country are expected to intensify the demand for air conditioning services in the coming years.
Report Highlights
QatarUAE and Oman Air Conditioning Services Market Overview
QatarUAE and Oman Air Conditioning Service Market Outlook
QatarUAE and Oman Air Conditioning Services Market Forecast
Historical Data and Forecast QatarUAE and Oman Air Conditioning Services Market Revenue, Period 2018-2028F
Historical Data and Forecast QatarUAE and Oman Air Conditioning Services Market Revenue, By Application, Period 2018-2028F
Historical Data and Forecast QatarUAE and Oman Air Conditioning Services Market Revenue by Country, Period 2018-2028F
Historical Data and Forecast QatarUAE and Oman Air Conditioning Market Revenue and Volume, by Country, Period 2018-2028F
market drivers
market trend
Market Industry Life Cycle
Porter’s Five Forces Analysis
market opportunity assessment
QatarUAE and Oman Air Conditioning Services Market Revenue Share by Company
competitive benchmark
Company Profile
key strategic recommendations
Company Profile
Carrier
Daikin Industries Co., Ltd.
Trane
Johnson Controls International Limited
SKM Air Conditioning LLC
Fujitsu Headquarters
Mitsubishi Electric Corporation
Refrigeration Industries
LG Electronics
Ecological door technology service
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
Qatar
by application
Residential
commercial
industrial
health care
by region
northern region
southern region
United Arab Emirates
by application
Residential
commercial
industrial
health care
by region
northern region
southern region
Oman
by application
Residential
commercial
industrial
health care
by region
northern region
southern region
For more information on this report, please visit https://www.researchandmarkets.com/r/krp7g9-uae-and?w=5
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