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Qatar HVAC Maintenance Service Market Overview
The Qatar HVAC maintenance service market stood at $ 206.5 million in 2017 and is predicted to witness a CAGR of 6.2% during 2018-2023. Steady growth in the HVAC industry is predominately the major factor contributing to the growth of the market. Besides, upcoming major events predominately FIFA World Cup 2022 is to propel market growth.
QATAR VENTILATION MAINTENANCE SERVICE MARKET, BY EQUIPMENT TYPE, $M (2013-2023)
Based on HVAC type, the Qatar HVAC maintenance service market has been categorized as heating, ventilation and cooling wherein, cooling category accounted for largest market share in 2017. With subtropical and dry hot desert climate, Qatar experiences low annual rainfall and intensely hot and humid summers; making it heavily dependent on HVAC systems for their cooling requirements. Moreover, since HVAC accounts for one of the highest electricity consumption segments, the government of Qatar is implementing new rules for promoting energy efficiency in the country, leading to the replacement of old cooling systems with more efficient systems.
Based on end-user, the Qatar HVAC maintenance service market is segmented into commercial, industrial and residential. Of these categories, commercial held the largest market share in 2017, primarily led by HVAC maintenance service growth in commercial offices/buildings and hospitality. Furthermore, commercial end-user category is expected to be fastest growing during the forecast period, owing to on-going expansions and under construction/proposed projects of commercial offices/buildings. For instance, Media Tower 1 and Media Tower 2, with 41 floors each is poised to build in Doha for office use.
On the basis of region, the market has been split into northern Qatar and southern Qatar. Southern Qatar HVAC maintenance service market is expected to hold a larger revenue share during the forecast period, owing to rapid urbanization, especially in Doha and surrounding cities, and large number of proposed and under-construction projects in the region. Key factors to drive the construction sector during 2018-2023, on account of upcoming FIFA World Cup 2022 and Qatar National Vision 2030, supported by ongoing construction activities across hospitality & tourism, commercial buildings, transportation, and infrastructure.
Qatar HVAC Maintenance Service Market Dynamics
A steady growth in HVAC industry characterized by the growth in construction industry and advent of FIFA World Cup 2022 Qatar are some of the factors driving the growth of Qatar HVAC maintenance service market. The HVAC market in Qatar is expected to grow at a rate of around 7.7%, during 2018-2023, with construction industry to register 20% year-over-year growth in 2018, primarily buoyed by the government’s National Vision 2030, under which government is focusing toward building non-oil sectors to reduce dependence on the country’s oil and gas industry, along with upcoming FIFA World Cup 2022.
Some of the key construction projects in Qatar include, Sheraton Park (2016), Sidra Medical Research Centre (2018), Hamad International Airport (2014), Lusail City planned to support FIFA World Cup and others.
The Qatar HVAC maintenance service market is exhibiting a boom in demand for AMC services which is annual maintenance charge service. This is a packaged solution typically provided by the company involved in the installation of HVAC on the premise. This service has witnessed high growth during the past five years and is also expected to provide lucrative opportunities in the coming years as well.
End-users such as commercial offices, retail stores, hospitals, hotels, residential and others are increasingly adopting these services due to the ease of maintenance of HVAC systems. Also, HVAC maintenance service providers are increasingly offering these services to the end users in order to maintain a continuous flow of revenue, as on demand has no certainty, while AMC provides workers to accordingly set their schedule. Moreover, it helps the end-user to prevent possible equipment failures.
End-users in HVAC market are increasingly adopting BEMS for their HVAC units as well as their building energy management. BEMS allows end-users to monitor their HVAC system in terms of their efficiency allowing them to optimize building energy consumption. BEMS and control systems require a minimum of two service maintenance visits carried out by highly trained and skilled professionals that have in-depth knowledge of the operation of HVAC system.
Stringent labor laws in the country is a key factor hampering Qatar HVAC maintenance service market growth. Labor workforce in Qatar mainly comprise of expatriates (mainly India descent), with some regulations hindering companies to employ workers. For instance, employers employing labor from the foreign countries have to go through many procedures before the employment. The employer has to seek permission from the government, as the government aims to prioritize the employment of local community. Moreover, the foreign nationalists are only allowed to work in the country under sponsorship which is not in the favor of the individual, as it binds the individual for longer period.
Qatar HVAC Maintenance Service Market Competitiveness
The Qatar HVAC maintenance service market is highly fragmented. Partnerships and client wins were the major activities performed by the major players. These partnerships were carried out to meet the growing demand of customers and serve the HVAC customers in MEA market.
Toshiba Carrier Corporation, Mitsubishi Electric Corporation, Al-Ta’adhod Group, Daikin Industries Ltd., United Technologies Corporation, Ingersoll-Rand plc (Trane), Leminar Air Conditioning Co. L.L.C., Johnson Controls International PLC, Cayan Facilities Management (FM), Standard Services Qatar, Crafter Qatar, Mitsubishi Electric Corporation, Metri Engineering Services (MES) Qatar WLL, EMCO Qatar and Electromechanical Maintenance Services (EMS) WLL are some of the major players operating in the Qatar HVAC maintenance service market.