Kuwait Air Conditioner Sector to Post 4.45% CAGR through 2022, Projects 6Wresearch in In-demand Report Available at MarketPublishers.com02 Aug 2016 • by Natalie Aster
LONDON – Among the 6 Gulf monarchies, Kuwait’s air conditioner market is one the key contributors due to the factors like the rise of construction activities, booming investments, upswing of commercial real estate real estates and apartment complexes. The Kuwaiti air conditioner market has posted stagnant growth over the past several years and is projected to stay flat through to 2022.
The country’s air conditioner market is forecast to register a 4.45% CAGR in the projected period. The sector’s growth pace has declined owing to decreasing oil costs in the global market space, which affected government expenditure across the country. Following 2017, oil prices are poised to recover which is expected to add to the growth of the public & private infrastructures hereby stimulating the growth of the national air conditioners market.
The centralized air conditioner segment captured the largest share of the total market revenue as of 2015, and the segment is expected to keep on taking the lead during the forecast period. Amongst the regions, Kuwait City has grabbed the biggest share of the market.
Insightful research report “Kuwait Air Conditioner Market” drawn up by 6Wresearch canvasses the air conditioners market on a national level. The study presents market categorisation based on AC types, end-use sectors and by geographic regions. The research report provides an unprejudiced and granular analysis of the current trends, opportunities and high-growth areas, market growth drivers and challenges. The report provides an in-depth evaluation of the current market dynamics as well as projects the sector’s future development path. The competitive landscape is investigated in detail and comprehensive profiles of the 12 leading market players are included in the report.
More studies by our market research partner are available at 6Wresearch page.