Uploaded on Sep 5, 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.
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