New York, NY, September 29, 2016 --(PR.com
)-- According to TechSci Research report “Saudi Arabia, UAE, Kuwait and Qatar Copper Pipes, Coils and Fittings Market By Type, By Application, Competition Forecast & Opportunities, 2011 - 2021,” the market for copper pipes, coils & fittings in Saudi Arabia, UAE, Kuwait and Qatar is projected to grow at a CAGR of over 8% through 2021, on account of robust infrastructure developments, increasing population and rising demand from HVAC and plumbing application segments. Dubai is slated to host ‘World Expo’ in 2020 and this is forecast to attract a large number of tourists to the region. As of July 2016, around 25,000 buildings were under construction in Dubai. Moreover, Qatar would host the FIFA World Cup in 2022 and this is projected to drive robust infrastructure developments in the country. Development of Lusail city in Qatar involves investments worth USD45 billion and this is anticipated to boost HVAC and plumbing infrastructure in the country, thereby augmenting demand for copper pipes, coils and fittings in the region.
Browse 24 market data Tables and 45 Figures spread through 148 Pages and an in-depth TOC on "Saudi Arabia, UAE, Kuwait & Qatar Copper Pipes, Coils & Fittings Market"
Copper pipes, coils and fittings are widely used in HVAC and plumbing infrastructure, and increase in infrastructure development would spur demand for copper pipes, coils and fittings in Saudi Arabia, UAE, Kuwait & Qatar in the coming years. Hot climatic conditions in Saudi Arabia, UAE, Kuwait & Qatar drive the need for air conditioners and refrigerators. Continuing growth in demand for air conditioners and refrigerators is anticipated to drive the copper pipes, coils and fittings market in the region through 2021. The market is also expected to be positively influenced by increasing government focus to diversify investments into industrial sector in order to reduce dependency on oil and gas business.
“Development of industrial infrastructure is expected to drive the market for copper pipes, coils and fittings in the region during the forecast period. Infrastructure growth coupled with expanding population in Saudi Arabia, UAE, Kuwait and Qatar is expected to boost HVAC and plumbing market in the coming years, which is expected to drive consumption of copper pipes, coils and fittings in these four countries through 2021,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia, UAE, Kuwait and Qatar Copper Pipes, Coils and Fittings Market By Type, By Application, Competition Forecast & Opportunities, 2011 - 2021” has evaluated the future growth potential of copper pipes, coils and fittings in Saudi Arabia, UAE, Kuwait and Qatar and provided statistics and information on market structure, industry behaviour and trends. The report includes market projections and demand forecasting. 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 copper pipes, coils and fittings in Saudi Arabia, UAE, Kuwait and Qatar market.
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