Saudi Arabia Air Compressor Market 2018-2024: Forecast by Types, Lubrication Method, Technology, Centrifugal, Reciprocating, & Applications - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 18, 2018--The “Saudi Arabia Air Compressor Market (2018-2024): Market Forecast by Types, by Lubrication Method, by Technology, Centrifugal, Reciprocating, by Applications, by Regions and Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.
Saudi Arabia Air Compressor market is forecast to grow at a CAGR of 3.1% during 2018-24.
Air compressors are prominently used in the oil & gas industry in Saudi Arabia; however, with the government taking initiatives to expand other industrial segments, the market for air compressor in Saudi Arabia is expected to increase over the next six years. Saudi Vision 2030 and National Transformation Program would boost the demand for air compressors during 2018-24.
A major drop in oil prices in 2015 led to the downfall in construction and oil & gas industry resulting in negative growth of air compressors in Saudi Arabia. Post-2017, the market is expected to revive due to the increase in the oil prices after years of slump and shift towards non-oil sector would drive the growth of air compressors over the next six years. T
he ambitious Saudi Vision 2030 plan to improve the economy is exhibited to revitalize the construction market. The Eastern region occupies a maximum share of air compressor market due to the presence of major oil companies such as ARAMCO and SABIC. Moreover, ongoing and upcoming infrastructural advancement are escalating the growth of air compressors in Saudi Arabia.
By TypesPortable Stationary
By Lubrication MethodOil-Injected Oil Free
By TechnologyRotary: Up to 75kW76-160kWAbove 160kW Centrifugal: Up to 500kWAbove 500kW Reciprocating: Up to 10kWAbove 10kW
By ApplicationsIndustrial Construction Oil & Gas Food & Beverages Others (Petrochemicals, Mining, etc.)
By RegionsEastern Western Central Southern
Companies MentionedAtlas Copco AB BOGE Kompressoren Otto Boge GmbH & Co. KG Doosan Infracore Co. Ltd. Elgi Gulf (FZE) FS-Elliott Saudi Arabia Ltd Gardner Denver FZE Hokuetsu Industries Co. Ltd. Ingersoll Rand PLC Kaeser Kompressoren FZE Sullair LLC
For more information about this report visit https://www.researchandmarkets.com/research/k2xkfn/saudi_arabia_air?w=4
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KEYWORD: SAUDI ARABIA MIDDLE EAST
INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/18/2018 06:55 AM/DISC: 12/18/2018 06:56 AM