Qatar Air Compressor Market report comprehensively covers the market by types. lubrication, technology, end-user applications and region. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas, market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
Qatar Air Compressor Market Synopsis
Qatar air compressor market witnessed negative growth in the past years due to falling oil prices along with the economic blockade imposed by the governments of Saudi Arabia, UAE, Bahrain and Egypt which negatively impacted the Qatar economy that transcended to the oil & gas and industrial sector as well due to which the country’s air compressor market witnessed a decline from 2017 till 2019.
Further, the uncertainties raised due to COVID-19 along with the drop in the oil prices in 2020 harmed the complex infrastructure and energy projects leading to delay and default in Qatar which led to declining demand for air compressors during the year. The delay in projects is anticipated to slow down the market growth in 2021 as well. However, the expected recovery of the oil & gas sector, expanding social infrastructure, development of ambitious transportation projects and recovering construction industry would act as the key drivers for the growth of the air compressor market in Qatar during the forecast period. Further, the government of Qatar is focusing on strengthening the economy by investing heavily in the non-oil and gas sector, which would ultimately spur the growth of the industrial sector in the country, increasing the demand for the air compressor market in the forthcoming period.
According to 6Wresearch, Qatar Air Compressor Market size is projected to grow at CAGR of 4.5% during 2021-27. Rising investment in industrial, residential and social infrastructure development projects under various programs such as the Qatar National Vision 2030 and National Development Strategy (2018-22) would drive the demand for air compressors in Qatar in the near future. Further, the projects such as Lusail City, Qetaifan Island North and construction of two residential projects worth more than $1.37 billion by UrbaCon Trading and Contracting (UCC) are expected to have a positive impact on the upcoming construction projects in the commercial and residential domain of the country stimulating the demand for air compressors in Qatar over the years to come. By technology type, rotary air compressor constitutes the major revenue share in the air compressor market on account of rising demand from the oil & gas sector, residential sector and the increasing investment in the industrial sector of the country.
Market Analysis by Applications
Based on applications, oil & gas sector registered the highest market share in the air compressor market for the year 2020 owing to the projects such as Barzan Gas Project and North Field Expansion which would lead to growth in demand for air compressors in the country. However, the construction sector is anticipated to witness the highest growth during the forecast period on account of projects such as Lusail City, Qetaifan Island North and the construction of two residential projects worth more than $1.37 billion by UrbaCon Trading and Contracting (UCC). These projects are expected to have a positive impact on the upcoming construction projects in the commercial and residential domain of the country stimulating the demand for air compressors in the country in the years to come.
Market Analysis by End user
Based on types, portable air compressor accounted for the highest revenue share for the year 2020 as the majority of the demand from construction, manufacturing and healthcare sector were for portable air compressors owing to the handy features, compact design and movability convenience of portable air compressors.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Qatar Air Compressor Market Overview
- Qatar Air Compressor Market Outlook
- Qatar Air Compressor Market Forecast
- Historical & Forecast data of Qatar Air Compressor Market Revenues & Volume, for the Period 2017-2027
- Historical & Forecast data of Qatar Air Compressor Market Revenues & Volume, By Types, for the Period 2017-2027
- Historical & Forecast data of Qatar Air Compressor Market Revenues & Volume, By Lubrications, for the Period 2017-2027
- Historical & Forecast data of Qatar Air Compressor Market Revenues & Volume, By Technology, for the Period 2017-2027
- Historical & Forecast data of Qatar Air Compressor Market Revenues & Volume, By Applications, for the Period 2017-2027
- Historical & Forecast data of Qatar Air Compressor Market Revenues & Volume, By Regions, for the Period 2017-2027
- Market Drivers and Restraints
- Industry Life Cycle & Porter’s Five Forces
- Opportunity Assessment and Competitive Benchmarking
- Players Market Share
- Recent Market Trends
- Recommendations
Market Scope and Segmentation
Thereport provides a detailed analysis of the following market segments:
By Types
- Portable and
- Stationary
By Lubrication Method
- Oil-Injected and
- Oil Free
By Technology
- Rotary (0-75kW 76-160kW and Above 160kW)
- Centrifugal (0-500kW and Above 500kW)
- Reciprocating (0-10kW and Above 10kW)
By Applications
- Industrial
- Construction
- Oil & Gas
- Food & Beverages and
- Others
By Regions
- Central
- Southern
- Western
- Eastern
