Qatar Air Compressor Market Growth, Latest Technologies and Forecast 2027
Posted by arshiyashaikh on September 5th, 2022
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.
Market Forecast 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 And Eastern) And Competitive Landscape
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About the Authorarshiyashaikh
Joined: February 5th, 2019
Articles Posted: 552
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