Qatar HVAC Maintenance Service Market to Grow at a Stayed CAGR with Huge Profits in Future

The Qatar HVAC maintenance service market was valued at $206.5 million in 2017 and is projected to grow at a CAGR of 6.2% during the forecast period (2018–2023). Stable growth in the HVAC market is the major factor attributing to the progress of this domain as is FIFA World Cup 2022.

HVAC (heating, ventilation, and air conditioning) maintenance services consist of monitoring, controlling, replacing, inspecting, upgrading, and associated activities, which help in streamlining the functionality of HVAC systems. 

The HVAC maintenance service market in Qatar is segmented by HVAC type, maintenance type, end-users, and region. Specifically talking about the HVAC type, the market has been divided into heating, ventilation, and cooling, among which the cooling category held the largest revenue share in 2017.

Due to the subtropical and dry hot desert climate types, Qatar experiences low annual rainfall and intensely hot summers, resulting in high dependency on HVAC systems for cooling.

As these are one of the largest electricity consumers, the Qatari government is introducing new rules for promoting energy efficiency in the country, such as taking steps to replace old cooling systems with new energy-efficient ones. 

Now, based on region, the market is categorized into northern and southern. Southern Qatari HVAC maintenance service market is projected to hold a larger revenue share during the analysis period.

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The reason for this is rapid urbanization, mainly in Doha and surrounding cities, where an ample number of projects are either under construction or proposed. With upcoming events, such as FIFA World cup 2022, and Qatar National Vision 2030, the construction activities across the commercial, transportation, hospitality and tourism, and infrastructure sectors have increased, thus leading to the growth of the market in the present And during the forecast period.