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The Qatar Air Conditioner Market is projected to grow at a CAGR of around 5.0% during the forecast period, i.e., 2023-28. Owing to Qatar's hot & arid climate, Air conditioners have become an integral part of the country's infrastructure.
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MARKET RESEARCH REPORT Qatar Air Conditioner Market Research Report Forecast: (2023-2028) MARKNTEL ADVISORS
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Market Insights The Qatar Air Conditioner Market is projected to grow at a CAGR of around 5.0% during the forecast period, i.e., 2023-28. Owing to Qatar's hot & arid climate, Air conditioners have become an integral part of the country's infrastructure. When paired with the soaring economy of the nation, the demand for ACs is likely to witness optimistic growth over the coming years. The market is driven primarily by the increasing influx of tourists, pilgrims, & migrants in Qatar, instigating the government to fund construction projects.
Market Drivers Market Dynamics Key Driver: Augmenting Need for Architectural Optimization and Targeted Cooling With the adverse climatic conditions paired with swiftly improving economic conditions, growing purchasing power, and changing living standards of people, the production & sales of air conditioners are mounting swiftly across the country. Moreover, the rapidly developing smart cities, coupled with the active participation of the leading players in bringing energy-efficient air conditioners, are other crucial aspects projected to play a pivotal role in fueling the overall market growth. For instance, On November 20, 2022, the FIFA World Cup of 2022 kicked off in Qatar as the season's first temperatures began to drop. The Gulf will most certainly still experience temperatures that go up to 26 degrees Celsius. Thus, brand-new, eight fully conditioned stadiums were unveiled in Qatar. The stadiums contain cutting-edge cooling equipment to lower the temperature to a comfortable 18 to 24 degrees Celsius.
Market Segments By Type (Window AC, Split AC, Floor Standing AC, Cassette AC, Packaged AC, Ducted Split AC, Centralized AC), By End-User (Residential, Commercial Buildings, Retail, Health Care, Hospitality, Government & Transportation, Oil & Gas), By Sales Channel (Direct Sales, Online, Authorized Distributors), By Region (Al Khor, Ad Dawhah, Al Wakrah, Al Rayyan),
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