Middle East and Africa compressor market - PowerPoint PPT Presentation

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Middle East and Africa compressor market

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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. – PowerPoint PPT presentation

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Title: Middle East and Africa compressor market


1
2022
Food and Beverage Sector To Create Lucrative
Opportunities for the Middle East and Africa
Compressor Market
2
According to PS 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 (20182023). 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.psmarketre
search.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.
3
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/m
arket-analysis/middle-east-and-africa-compressor-m
arket   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.
4
Market Segmentation
  • Market Segmentation by Type
  • Positive Displacement
  • Reciprocating
  • In-line
  • V shaped
  • Tandem piston
  • Single-acting
  • Double-acting
  • Diaphragm
  • Rotary
  • Screw
  • Vane
  • Lobe and scroll
  • Dynamic
  • Centrifugal
  • Axial flow
  • Market Segmentation by Lubrication Type
  • Market Segmentation by Portability
  • Stationary
  • Portable
  • Market Segmentation by Pressure
  • Market Segmentation by Application
  • Oil and Gas
  • Automotive
  • Construction
  • Food and Beverage
  • Textile
  • Others (includes Healthcare, Research, and
    Agriculture)
  • Market Segmentation by Country
  • Saudi Arabia Compressor Market
  • U.A.E. Compressor Market
  • Turkey Compressor Market
  • South Africa Compressor Market
  • Sudan Compressor Market

5
Disclaimer PS Intelligence always keeps its
customers interests at the core while carrying
out research activities. PS 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. PS
Intelligence is not responsible for any incorrect
data provided by the key industry players of the
concerned domain. the information or analysis in
PS 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. PS
Intelligence does not endorse any product,
service, or vendor depicted in its research
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