Qatar Building Automation and Control Systems Market Competition Forecast and Opportunities, 2021 - Focus on Hospitality, Commercial Buildings, Retail, BFSI, Transportation, Residential, Education and Others - Research and Markets
The BACS market in Qatar is projected to grow at a CAGR of over 10% during 2016-2021
Building Automation & Control Systems (BACS) constitutes the automatic centralized control of a building's lighting control solutions, security & access control, energy metering & monitoring systems, HVAC systems, etc. Backed by surging economy, increasing disposable income, growing number of infrastructure projects and rising government efforts to reduce carbon footprint in the country, the BACS market in Qatar is expected to register healthy growth rate over the next five years.
Widening energy deficit, fluctuating prices of conventional energy and growing security & environmental concerns are thrusting for an immediate need for efficient utilization of energy in Qatar. Moreover, demand for energy from commercial buildings is increasing rapidly in the country, and the same is anticipated to swell three times during 2015 - 2050.
Consequently, the need for optimizing energy consumption through building automation & control systems is becoming vital in Qatar, where over 50% of the energy produced is consumed for air conditioning.
Heating, Ventilation & Air Conditioning (HVAC) segment dominated Qatar BACS market in 2015 on account of growing demand for energy efficient air conditioning as well as ventilation systems coupled with increasing construction of residential buildings and stadiums due to FIFA World Cup 2022.
However, in terms of growth, Energy Metering and Monitoring segment is anticipated to outpace HVAC segment during the forecast period. In 2015, Doha dominated the Qatar BACS market, and the region is anticipated to continue its dominance over the next five years as well.
Market Scope
Market Trends & Developments
Companies Mentioned
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