Qatar HVAC Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Qatar HVAC Market Report is Segmented by Product Type (Heating Equipment (Heat Pumps, Furnaces, and More), Ventilation Equipment (Air Handling Units, Energy Recovery Ventilators/Heat Recovery Ventilators, and More), and Air Conditioning Equipment (Unitary Air Conditioners, Variable Refrigerant Flow Systems, and More)), and End-User Industry (Residential, Commercial, and Industrial).

Qatar HVAC Market Size and Share

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Qatar HVAC Market Analysis by Mordor Intelligence

The Qatar HVAC Market size is estimated at USD 0.62 billion in 2025, and is expected to reach USD 0.83 billion by 2030, at a CAGR of 6% during the forecast period (2025-2030).

  • Qatar's economy has been experiencing robust growth, primarily due to its rich natural gas and oil reserves. The nation has successfully diversified its economy through investments in sectors such as finance, tourism, and real estate. This economic stability has bolstered employment rates and wages, leading to a substantial increase in disposable income for many residents.
  • One of the cornerstone policies driving the HVAC market in Qatar is the Qatar National Vision 2030. Launched in 2008, this strategic roadmap aims to transform Qatar into an advanced society capable of sustaining its development and providing a high standard of living for its people. The vision emphasizes sustainable development, economic diversification, and the establishment of an efficient and effective infrastructure. The emphasis on sustainable urban development has led to increased investments in the construction sector, which inherently boosts the demand for modern HVAC systems. Energy-efficient HVAC solutions are now prioritized to ensure that new buildings comply with sustainability goals.
  • Qatar's ambitious infrastructure projects, such as the Qatar Rail Project and the development of new urban areas like Lusail City, have significantly increased the demand for HVAC systems. These projects require advanced climate control solutions to ensure comfortable environments for residents and commuters.
  • Another significant driver of the HVAC market in Qatar is the government’s investment in renewable energy sources. The Qatar Renewable Energy Policy aims to increase the share of renewable energy in the national energy mix, promoting the use of solar and wind energy. This focus on renewable energy presents opportunities for the HVAC industry, particularly in the development of systems that can integrate with renewable energy sources. For instance, solar-powered HVAC systems and geothermal heat pumps are becoming more prevalent as the government encourages sustainable energy practices. The integration of renewable energy in HVAC systems not only enhances energy efficiency but also aligns with Qatar's goals for sustainable development, making it a critical factor in the market's growth.
  • Additionally, several macroeconomic factors like government initiatives and policies are anticipated to drive the growth of the studied market. The Qatari government has established various regulations and standards that directly impact the HVAC market. The Qatar Construction Specifications (QCS) outlines mandatory requirements for building materials and systems, including HVAC installations. Compliance with these standards is critical for all new constructions and renovations, thereby increasing the demand for high-quality HVAC systems. In addition, the Energy Efficiency and Conservation Program promotes energy-efficient technologies and practices, incentivizing the use of energy-saving HVAC systems. This regulatory framework encourages manufacturers and contractors to innovate and adopt advanced HVAC technologies, thus driving market growth.
  • However, one of the primary restraints affecting the HVAC market in Qatar is the high installation and maintenance costs associated with HVAC systems. The initial capital required for purchasing and installing HVAC equipment can be substantial, particularly for advanced systems that offer enhanced energy efficiency and automation features. This cost barrier often makes it difficult for both residential and commercial consumers to invest in modern HVAC solutions, especially in a market where budget constraints are prevalent.
  • Additionally, the ongoing maintenance costs can be a deterrent for potential buyers. Regular servicing is essential to ensure optimal performance and longevity of HVAC systems, which can add to the overall expenditure. This situation is exacerbated by the harsh climatic conditions in Qatar, where HVAC systems operate under extreme temperatures, leading to a higher frequency of maintenance and repair needs. Consequently, these financial constraints can slow down the adoption of innovative HVAC technologies, limiting market growth.

Competitive Landscape

The Qatar HVAC market is fragmented, with specialized players and regional conglomerates operating across various segments. While multiple large multinational companies dominate certain high-value segments, numerous regional and niche players contribute to the overall competition, making the market highly diverse. This competition is driven by the wide range of applications for HVAC equipment, allowing both small and large companies to coexist and thrive in the market.

Several leading companies in the Qatar HVAC market include Mitsubishi Electric Corporation, Carrier Corporation, LG Electronics Inc., Daikin Industries, Ltd., Panasonic Corporation, and many others. With strong brand recognition and extensive regional operations, these companies command a significant market share. Their strengths include innovation, a broad solutions portfolio, and robust distribution networks. To maintain their competitive edge and broaden their market reach, these leaders frequently pursue strategic acquisitions and partnerships.

In the Qatar HVAC market, companies that prioritize innovation in heating, ventilation, and air conditioning equipment are more likely to succeed. As industries increasingly seek advanced solutions, HVAC equipment is set to become a key differentiator. Additionally, expanding service offerings and enhancing customer support will be essential for building long-term relationships and securing repeat business. Firms that invest in emerging markets and tailor their products to regional needs can gain a competitive advantage in this fragmented landscape.

Qatar HVAC Industry Leaders

  1. Daikin Industries Ltd.

  2. Carrier Global Corporation

  3. LG Electronics Inc.

  4. Panasonic Corporation

  5. Mitsubishi Electric Corporation

  6. *Disclaimer: Major Players sorted in no particular order
Qatar HVAC Market Concentration
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Recent Industry Developments

  • March 2025: Hisense forged a strategic alliance with Beijing Shengyi Weiye, the sole Chinese affiliate of the Qatar Chamber of Commerce and Industry. This collaboration is set to delve into innovative applications of commercial air conditioning technology within Qatar's agricultural realm. Harnessing Hisense's advanced technology and commitment to sustainable development, the partnership is claimed to be poised to weave in commercial HVAC solutions, like chillers, variable refrigerant flow (VRF) systems, and other energy-efficient products, into various agricultural endeavors. The goal is to bolster environmental oversight in farming, fine-tuning temperature and humidity controls to ensure consistent agricultural output, even amidst Qatar's demanding climate.
  • March 2025: Carrier Global Corporation, a global player in intelligent climate and energy solutions, and Google Cloud announced that they are joining forces to enhance grid flexibility and support smarter energy management. Led by Carrier Energy, Carrier's new energy solutions business, this initiative is anticipated to integrate Carrier's battery-enabled HVAC technology-delivered through its Home Energy Management System (HEMS) solutions-with Google Cloud's AI-powered analytics and WeatherNext AI models built by Google DeepMind and Google Research. The combined solution is expected to create intelligent, connected solutions for residential HVAC energy customers.
  • October 2024: Carrier Global Corporation announced the completion of the sale of its commercial refrigeration business to its decades-long joint venture partner, Haier, for an enterprise value of USD 775 million, including approximately USD 200 million of net pension liabilities. The sale, along with the completed divestitures of Industrial Fire and Global Access Solutions and the announced sale of Commercial and Residential Fire, is claimed to enable Carrier to focus on its core businesses and demonstrates meaningful progress as the company nears the completion of its portfolio transformation.
  • September 2024: Johnson Controls Residential & Light Commercial announced the launch of its Refrigerant Detection System (RDS) Calculator within the Ducted Systems Solutions (DS Solutions) mobile app. A first for the residential and light commercial HVAC industry, this innovative calculator is designed to help users determine the need for refrigerant detection systems based on specific conditions such as space dimensions and the amount of refrigerant being used. This calculator is part of Johnson Controls’ broader initiative to transition to more environmentally sustainable refrigerants, like R-454B, which has a lower global warming potential (GWP) compared to traditional refrigerants. The calculator is also designed to assist contractors and distributors with simple step-by-step installation instructions if they determine that an RDS is needed.

Table of Contents for Qatar HVAC Industry Report

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.2.1 Bargaining Power of Suppliers
    • 4.2.2 Bargaining Power of Consumers
    • 4.2.3 Threat of New Entrants
    • 4.2.4 Threat of Substitute Products
    • 4.2.5 Intensity of Competitive Rivalry
  • 4.3 Industry Value Chain Analysis
  • 4.4 Impact of Macroeconomic Factors on the Market

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Economic Growth and Infrastructure Development
    • 5.1.2 Regulatory Standards and Energy Efficiency Initatives
  • 5.2 Market Restraints
    • 5.2.1 High Initial Investment Costs

6. MARKET SEGMENTATION

  • 6.1 By Product Type
    • 6.1.1 Heating Equipment
    • 6.1.1.1 Heat Pumps (Air Source, Ground Source)
    • 6.1.1.2 Furnaces (Gas, Electric, Oil)
    • 6.1.1.3 Boilers (Condensing, Non-condensing)
    • 6.1.1.4 Unit Heaters
    • 6.1.1.5 Others (Radiators & Baseboard Heaters, Solar Water Heating Systems)
    • 6.1.2 Ventilation Equipment
    • 6.1.2.1 Air Handling Units (AHUs)
    • 6.1.2.2 Energy Recovery Ventilators (ERVs) / Heat Recovery Ventilators (HRVs)
    • 6.1.2.3 Exhaust and Supply Fans
    • 6.1.2.4 Dehumidifiers / Humidifiers
    • 6.1.3 Air Conditioning Equipment
    • 6.1.3.1 Unitary Air Conditioners
    • 6.1.3.1.1 Split Air Conditioners
    • 6.1.3.1.2 Packaged Terminal ACs (PTACs)
    • 6.1.3.1.3 Rooftop Packaged Units (RTUs)
    • 6.1.3.2 Variable Refrigerant Flow (VRF) Systems
    • 6.1.3.3 Chillers (Air-Cooled, Water-Cooled)
    • 6.1.3.4 Fan Coil Units (FCUs)
    • 6.1.3.5 Others (Window and Portable Air Conditioners)
  • 6.2 By End-User Industry
    • 6.2.1 Residential
    • 6.2.2 Commercial
    • 6.2.3 Industrial

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles*
    • 7.1.1 Daikin Industries Ltd.
    • 7.1.2 Robert Bosch GmbH
    • 7.1.3 Mitsubishi Electric Corporation
    • 7.1.4 Danfoss A/S
    • 7.1.5 Vaillant Group
    • 7.1.6 Carrier Global Corporation
    • 7.1.7 Trane Technologies plc
    • 7.1.8 Rheem Manufacturing Company
    • 7.1.9 Midea Group
    • 7.1.10 LG Electronics Inc.
    • 7.1.11 Panasonic Corporation
  • 7.2 Vendor Positioning Analysis

8. INVESTMENT ANALYSIS

9. FUTURE OF THE MARKET

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Qatar HVAC Market Report Scope

HVAC is a comprehensive system designed to create and maintain comfortable indoor environmental conditions in residential, commercial, and industrial spaces. Heating is the first component, which involves warming interior spaces during cold weather through various methods such as furnaces, heat pumps, and radiant heating systems. These technologies convert energy into heat, distributing warmth evenly throughout a building to ensure occupant comfort and prevent temperature-related issues.

Ventilation represents the critical process of exchanging indoor and outdoor air, ensuring proper air circulation, removing pollutants, controlling humidity, and maintaining air quality. This aspect of HVAC involves mechanical and natural ventilation techniques that introduce fresh air, filter contaminants, and regulate oxygen levels. Proper ventilation is essential for preventing the buildup of harmful gases, reducing moisture-related problems, and creating a healthy indoor environment.

Air Conditioning focuses on cooling and dehumidifying interior spaces during warm weather. Modern air conditioning systems use refrigeration cycles to remove heat and moisture from the air, creating a comfortable and controlled climate. These systems range from central air conditioning units to ductless mini-splits, providing precise temperature management and improving overall indoor comfort. The integration of these three components- heating, ventilation, and air conditioning- creates a sophisticated environmental control system that adapts to changing weather conditions and occupant needs.

The study tracks the revenue accrued through the sale of HVAC product types by various players in Qatar. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyses the overall impact of macroeconomic factors on the market. The report's scope encompasses market sizing and forecasts for the various market segments.

The Qatar HVAC Market is Segmented by product type (heating equipment [heat pumps (air source, ground source), furnaces (gas, electric, oil), boilers (condensing, non-condensing), unit heaters, and others (radiators & baseboard heaters, solar water heating systems)], ventilation equipment [air handling units (AHUs), energy recovery ventilators (ERVs)/heat recovery, ventilators (HRVs), exhaust and supply fans, dehumidifiers/humidifiers], air conditioning equipment [unitary air conditioners, variable refrigerant flow (VRF) systems, chillers (air-cooled, water-cooled), fan coil units (FCUs), and others (window and portable air conditioners)]) and end-user industry (residential, commercial, and industrial). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.

By Product Type Heating Equipment Heat Pumps (Air Source, Ground Source)
Furnaces (Gas, Electric, Oil)
Boilers (Condensing, Non-condensing)
Unit Heaters
Others (Radiators & Baseboard Heaters, Solar Water Heating Systems)
Ventilation Equipment Air Handling Units (AHUs)
Energy Recovery Ventilators (ERVs) / Heat Recovery Ventilators (HRVs)
Exhaust and Supply Fans
Dehumidifiers / Humidifiers
Air Conditioning Equipment Unitary Air Conditioners Split Air Conditioners
Packaged Terminal ACs (PTACs)
Rooftop Packaged Units (RTUs)
Variable Refrigerant Flow (VRF) Systems
Chillers (Air-Cooled, Water-Cooled)
Fan Coil Units (FCUs)
Others (Window and Portable Air Conditioners)
By End-User Industry Residential
Commercial
Industrial
By Product Type
Heating Equipment Heat Pumps (Air Source, Ground Source)
Furnaces (Gas, Electric, Oil)
Boilers (Condensing, Non-condensing)
Unit Heaters
Others (Radiators & Baseboard Heaters, Solar Water Heating Systems)
Ventilation Equipment Air Handling Units (AHUs)
Energy Recovery Ventilators (ERVs) / Heat Recovery Ventilators (HRVs)
Exhaust and Supply Fans
Dehumidifiers / Humidifiers
Air Conditioning Equipment Unitary Air Conditioners Split Air Conditioners
Packaged Terminal ACs (PTACs)
Rooftop Packaged Units (RTUs)
Variable Refrigerant Flow (VRF) Systems
Chillers (Air-Cooled, Water-Cooled)
Fan Coil Units (FCUs)
Others (Window and Portable Air Conditioners)
By End-User Industry
Residential
Commercial
Industrial
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Key Questions Answered in the Report

How big is the Qatar HVAC Market?

The Qatar HVAC Market size is expected to reach USD 0.62 billion in 2025 and grow at a CAGR of 6% to reach USD 0.83 billion by 2030.

What is the current Qatar HVAC Market size?

In 2025, the Qatar HVAC Market size is expected to reach USD 0.62 billion.

Who are the key players in Qatar HVAC Market?

Daikin Industries Ltd., Carrier Global Corporation, LG Electronics Inc., Panasonic Corporation and Mitsubishi Electric Corporation are the major companies operating in the Qatar HVAC Market.

What years does this Qatar HVAC Market cover, and what was the market size in 2024?

In 2024, the Qatar HVAC Market size was estimated at USD 0.58 billion. The report covers the Qatar HVAC Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Qatar HVAC Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Qatar HVAC Industry Report

Statistics for the 2025 Qatar HVAC market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Qatar HVAC analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.