middle East and Africa compressor market


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middle East and Africa compressor market

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middle East and Africa compressor market

202 2 Food and Beverage Sector To Create Lucrative Opportunities for the Middle East and Africa Compressor Market © P&S Intelligence. All Rights Reserved 1 According to P&S Intelligence, the Middle East and Africa (MEA) compressor market stood at $3.0 billion in 2017 and it is projected to reach 3.9 billion by 2023, progressing at a CAGR of 5.1% during the forecast period (2018–2023). This growth can be majorly ascribed to the strong oil and gas sector in the region. Compressors are widely used in oil extraction, transportation, and refining processes. Moreover, the growing construction and food and beverage industries will also add to the market growth in the foreseeable future. The construction sector uses compressors to supply compressed air to air-operated machinery at construction sites. Moreover, surging focus on infrastructure development plans, such as the Saudi Vision 2030, will drive the Middle East and Africa compressor market. With this vision, Saudi Arabia aspires to reduce the dependency on the oil and gas sector and shift investments toward other public service sectors like tourism, health, education, and infrastructure. Under this, this country plans to complete the construction of around 26,500 sq. km by 2025 in the new city of Neom. Request for sample copy of this report: https://www.psmarketresearch.com/market-analysis/middle-east-and-africa-compressor-market/report-sample Additionally, growth in the food and beverage sector is creating lucrative opportunities for players in the market. Compressed air finds wide application in fluid pumps, packaging, product handling, air cleaning of containers, and food-filling machines. The fluid pumps are used for the movement of liquid products in production and filing processes. Whereas, the product handling involves moving of items at exceptional speed during the production process. © P&S Intelligence. All Rights Reserved 2 Additionally, compressed air is used to generate vacuum in packaging, as it helps in protecting food from contaminants during storage and shipment. Categories under the type segment of the Middle East and Africa compressor market include positive displacement and dynamic. In 2017, the positive displacement category accounted for the larger market share, due to the widescale application of positive displacement compressors in the automobile industry. Moreover, automotive original equipment manufacturers (OEMs) of North Africa are setting up new manufacturing units in Tunisia, Algeria, Morocco, and Egypt. This is acting as a catalyst to the growth of the market in this category. Currently, the Middle East and Africa compressor market is observing an increasing use of rotary compressors. This emerging trend can be owed to the surging application of such compressors in industries like oil and gas, mining, and construction. The Middle Eastern economy is primarily dependent on the oil and gas sector and expansion of this sector will boost the demand for rotary compressors in the coming years. These compressors are used to supply high-powered compressed air for producing crude oil. Browse full report at: https://www.psmarketresearch.com/market-analysis/middle-east-and-africa-compressor-market Geographically, South Arabia held the largest share in the Middle East and Africa compressor market in 2017 and it is expected to generate significant revenue during the forecast period as well. This is because the country is the largest producer of oil in the MEA region. Additionally, the food and beverage, automotive, cement, and chemical sectors of this nation have been the leading user of compressors. Moreover, the increasing investment of the Saudi government in non-oil oil sectors will fuel the demand for compressors in the coming years. Thus, the expansion of the food and beverage and construction industries will propel market growth in the coming years. © P&S Intelligence. All Rights Reserved 3 Market Segmentation • Market Segmentation by Type • Market Segmentation by Portability  Positive Displacement  Stationary o Reciprocating  Portable  In-line • Market Segmentation by Pressure  “V” shaped • Market Segmentation by Application  Tandem piston  Oil and Gas  Single-acting  Automotive  Double-acting  Construction  Diaphragm  Food and Beverage o Rotary  Textile  Screw  Others (includes Healthcare, Research, and  Vane Agriculture)  Lobe and scroll • Market Segmentation by Country  Dynamic  Saudi Arabia Compressor Market o Centrifugal  U.A.E. Compressor Market o Axial flow  Turkey Compressor Market • Market Segmentation by Lubrication Type  South Africa Compressor Market  Sudan Compressor Market © P&S Intelligence. All Rights Reserved 4 Disclaimer: P&S Intelligence always keeps its customers’ interests at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations, as it is based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided by the key industry players of the concerned domain. the information or analysis in P&S Intelligence publications represents opinions based on research and should not be interpreted as statements of fact. Information in this report was believed to be correct at the time of publication, but cannot be guaranteed. P&S Intelligence does not endorse any product, service, or vendor depicted in its research publications. 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