Product Code: ETC026761 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Qatar is a global leader in the production of gas and oil, with some of the largest reserves in the world. As a result, Qatar has an immense demand for air and gas compressors to meet its massive energy needs. The country???s current compressor market is expected to reach US$155 million by 2031, representing a compound annual growth rate (CAGR) of 6.8%. This increasing demand can be attributed to high investments in infrastructure projects related to oil & gas exploration activities as well as increased spending on renewable energy sources such as solar and wind power.
The primary driver of this growth is rising investment in Qatar upstream sector due to higher crude prices as well as increasing government support for new projects such as clean development mechanism projects. Additionally, strong economic growth along with rising industrial activity are also playing a major role in driving up demand for air and gas compressors throughout the region. Furthermore, technological advances have helped make these products more efficient while decreasing their costs significantly; this has further facilitated greater uptake from businesses across various industries including manufacturing and construction among others. Finally, there are plans underway by Qatar Petroleum which will involve construction of two new mega-refineries worth $10 billion dollars each; this move will create even more opportunities within the local compressor market over the coming years.
Despite all these positive factors, there are certain challenges that must be overcome before reaching full potential within this industry segment ??? most notably limited access to financing options due primarily to stringent banking regulations imposed by authorities across the region coupled with volatile geopolitical tensions that further complicate business operations here on occasion making it difficult or impossible at times for companies looking into investing large sums into infrastructure projects involving compressors or associated components/services thereof; other issues include fluctuating environmental conditions which may impact product performance negatively thus limiting their efficiency levels accordingly leading them needing frequent maintenance servicing etcetera which can add extra cost burdens onto customers who use them very often if not carefully planned out beforehand properly so forth.
The Qatar air and gas compressor market has been affected by the outbreak of the Covid-19 pandemic. The sharp decline in oil prices, which is one of Qatar main sources of income, had a negative effect on several industries such as construction and manufacturing. This caused a decrease in demand for air compressors from these sectors due to lower investment activity. As well, global supply chain disruptions have limited access to spare parts for compressors, impacting their maintenance and repair activities. On the other hand, there are some positive aspects that have emerged as a result of this situation such as increased investments into technological advancements such as automation which can reduce operational costs associated with compressor systems in the long run.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Qatar Air and Gas Compressors Market Overview |
3.1 Qatar Country Macro Economic Indicators |
3.2 Qatar Air and Gas Compressors Market Revenues & Volume, 2021 & 2031F |
3.3 Qatar Air and Gas Compressors Market - Industry Life Cycle |
3.4 Qatar Air and Gas Compressors Market - Porter's Five Forces |
3.5 Qatar Air and Gas Compressors Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Qatar Air and Gas Compressors Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Qatar Air and Gas Compressors Market Revenues & Volume Share, By Lubrication, 2021 & 2031F |
3.8 Qatar Air and Gas Compressors Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Qatar Air and Gas Compressors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Qatar Air and Gas Compressors Market Trends |
6 Qatar Air and Gas Compressors Market, By Types |
6.1 Qatar Air and Gas Compressors Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Qatar Air and Gas Compressors Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Qatar Air and Gas Compressors Market Revenues & Volume, By Portable, 2021-2031F |
6.1.4 Qatar Air and Gas Compressors Market Revenues & Volume, By Stationary, 2021-2031F |
6.2 Qatar Air and Gas Compressors Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 Qatar Air and Gas Compressors Market Revenues & Volume, By Reciprocating/Piston, 2021-2031F |
6.2.3 Qatar Air and Gas Compressors Market Revenues & Volume, By Rotary/Screw, 2021-2031F |
6.2.4 Qatar Air and Gas Compressors Market Revenues & Volume, By Centrifugal, 2021-2031F |
6.3 Qatar Air and Gas Compressors Market, By Lubrication |
6.3.1 Overview and Analysis |
6.3.2 Qatar Air and Gas Compressors Market Revenues & Volume, By Oil-Filled, 2021-2031F |
6.3.3 Qatar Air and Gas Compressors Market Revenues & Volume, By Oil-Free, 2021-2031F |
6.4 Qatar Air and Gas Compressors Market, By Applications |
6.4.1 Overview and Analysis |
6.4.2 Qatar Air and Gas Compressors Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.4.3 Qatar Air and Gas Compressors Market Revenues & Volume, By Semiconductors & Electronics, 2021-2031F |
6.4.4 Qatar Air and Gas Compressors Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.4.5 Qatar Air and Gas Compressors Market Revenues & Volume, By Healthcare/ Medical, 2021-2031F |
6.4.6 Qatar Air and Gas Compressors Market Revenues & Volume, By Home Appliances, 2021-2031F |
6.4.7 Qatar Air and Gas Compressors Market Revenues & Volume, By Energy, 2021-2031F |
6.4.8 Qatar Air and Gas Compressors Market Revenues & Volume, By Others, 2021-2031F |
6.4.9 Qatar Air and Gas Compressors Market Revenues & Volume, By Others, 2021-2031F |
7 Qatar Air and Gas Compressors Market Import-Export Trade Statistics |
7.1 Qatar Air and Gas Compressors Market Export to Major Countries |
7.2 Qatar Air and Gas Compressors Market Imports from Major Countries |
8 Qatar Air and Gas Compressors Market Key Performance Indicators |
9 Qatar Air and Gas Compressors Market - Opportunity Assessment |
9.1 Qatar Air and Gas Compressors Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Qatar Air and Gas Compressors Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3 Qatar Air and Gas Compressors Market Opportunity Assessment, By Lubrication, 2021 & 2031F |
9.4 Qatar Air and Gas Compressors Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Qatar Air and Gas Compressors Market - Competitive Landscape |
10.1 Qatar Air and Gas Compressors Market Revenue Share, By Companies, 2024 |
10.2 Qatar Air and Gas Compressors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |