The air-conditioner market in Qatar is expected to grow at a compound annual growth rate (CAGR) of 12.7 per cent during 2016 to 2021, according to a new report by TechSci Research, a research-based global management consulting firm.

The report is titled “Qatar Air Conditioners Market By Product Type, By End Use Sector, Competition Forecast and Opportunities, 2011-2021”.

The demand growth is backed by increasing construction activities being undertaken on account of upcoming Fifa World Cup to be held in Qatar in 2022, coupled with an increasing number of commercial and residential buildings as well as government mandating use of energy-efficient air-conditioners in the country, it said.

Two major end user segments of air-conditioners in Qatar are residential and commercial, with major demand for air-conditioners emanating from the residential sector. However, on the back of increasing construction activities in commercial sector for developing infrastructure to accommodate the huge anticipated inflow of visitors in Qatar during Ffia World Cup, the share of residential sector is expected to witness a slight decline during the forecast period, said the report.

LG, Gree, Daikin, Samsung and Carrier are few of the leading companies operating in Qatar's air-conditioners market in 2015, the report stated.

Karan Chechi, research director with TechSci Research, said: “The increasing number of hotels, villas and apartments for accommodating visitors during the Fifa World Cup, coupled with rising urbanisation, surging number of retail stores and service centres in Qatar is augmenting demand for air-conditioners in the country.”

“In terms of product category, split air-conditioners are expected to continue their dominance in the country's air-conditioners market through 2021,” he said.

“The report has evaluated the future growth potential of Qatar air-conditioners market and provides statistics and information on market structure, size, share and future growth of Qatar's air-conditioners market,” he added.

“It intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also analyses consumer behaviour which includes spending pattern, brand awareness level, frequency of purchasing air-conditioners through retail stores,” Chechi concluded. – TradeArabia News Service