Qatar BACS Market Set to Cross $ 120 Million in 2016

Increasing trend of green building concept, upcoming FIFA World Cup 2022 and rising initiatives towards reducing carbon footprints to drive BACS market in Qatar until 2021

According to recently released TechSci Research report, “Qatar Building Automation & Control Systems Market By Product, By Application, By End Use, Competition Forecast and Opportunities, 2011 – 2021”, the country’s BACS market is projected to grow at a CAGR of over 10% during 2016 - 2021. Qatar is one of the fastest growing BACS markets in the Middle East region owing to growing urbanization, increasing investments in infrastructure projects and expanding population in the country. During the forecast period, Qatar BACS market is anticipated to grow at a robust pace on account of favorable policy and regulatory scenario coupled with financial incentives offered by the government.

Qatar is set to host FIFA world Cup 2022, and consequently, the government has announced the construction of 12 new sports stadiums across the country. The government plans to spend more than US$ 15 billion for hosting FIFA World Cup 2022. In addition, the government is planning to invest over US$ 200 billion on infrastructure development in the coming years under Qatar National Vision 2030. As a result of increasing focus towards high quality infrastructure, the demand for building automation systems is expected to increase over the next five years.

List of 2022 FIFA World Cup Stadium Under Execution in Qatar

Browse 36 market data Tables and 67 Figures spread through 171 Pages and an in-depth TOC on "Qatar BACS Market"

https://www.techsciresearch.com/report/qatar-building-automation-and-control-systems-market-by-product-heating-ventilation-and-air-conditioning-security-access-and-control-etc-by-application-by-end-use-competition-forecast-and-opportunities-2011-2021/718.html

Hospitality sector was the largest demand generator of BACS in Qatar in 2015, and the same trend is anticipated to continue over the next five years. Increasing government thrust to make Qatar a tourist hub of the Middle-East region, rising number of hotels and wellness centers and upcoming 2022 FIFA World Cup are among the major factors expected to drive hospitality industry in the country over the next 5-10 years, which in turn, is expected to boost BACS demand in the country through 2021. In 2015, Heating, Ventilation & Air Conditioning (HVAC) segment dominated the Qatar BACS market, followed by Security & Access Control and Lighting Control segments.

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“In April 2016, Arab Future Cities Summit was held at Doha, to promote the development of smart cities in the Middle East region, including Qatar. Growing population and rising migration towards urban centers requires efficient management of resources coupled with robust infrastructure development, control of traffic congestion and pollution, and better living standards. All these factors clearly indicate strong need to develop smart cities in Qatar. As a result, the Government of Qatar has announced the development of Lusail Smart City, which is expected to be completed by 2019. Increasing government support to promote the development of smart cities is anticipated to significantly contribute in boosting BACS market over the next five years.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Qatar Building Automation & Control Systems Market By Product, By Application, By End Use, Competition Forecast and Opportunities, 2011 – 2021” has evaluated the future growth potential of Qatar BACS market and provides statistics and information on market structure, policies and regulations in the Qatar BACS market. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities available in Qatar Building Automation & Control Systems market.

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