Saudi Arabia Air Compressor market report thoroughly covers the market by types, lubrication, technology, applications and regions. The report provides an unbiased and detailed analysis of the on-going Saudi Arabia air compressor market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
In the recent past, Saudi Arabia air compressor market showed a decent growth on back of projects in oil & gas sector, industrial development, and growing construction sector over the years. Additionally, government reforms and mega developmental projects announced by the government in sectors such as educational institutions, hotels and office spaces are propelling the demand for air compressors in Saudi Arabia.
Moreover, reviving economic conditions due to changing government policies, establishment of special economic zones would further drive the demand for air compressors in the country over the coming years. However, the outbreak of the COVID-19 pandemic resulted in decline in the market revenues during the year 2020 as a result of the falling demand from the construction and manufacturing sector due to halt in the business operations owing to the stringent lockdown imposed across the country. Moreover, the supply chain across countries got disrupted due to the locked borders of exporting countries. Despite of the decline in market revenues during 2020, recovery is expected in market revenues by 2021, with gradual opening of economic activities and restart of construction projects.
According to the publisher, Saudi Arabia Air Compressor Market size is projected to grow at a CAGR of 3.6% during 2021-2027F. Saudi Vision 2030 is one of government mega initiatives which aims at developing and strengthening public service sectors such as healthcare, education, and infrastructure. The fulfilment of these initiatives would require the application of air compressors on large scale, and this would further spur the market growth for air compressors in the country. The Eastern region occupies 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 compressor market in Saudi Arabia.
In terms of Applications, Oil & gas sector in Saudi Arabia is expected to exhibit strong growth during the forecast period (2021-27) on account of various upcoming petrochemical and oil and gas projects. Additionally, upcoming projects such as SABIC - Oil-To-Chemicals Plant worth $30 Billion would be the primary reasons behind the dominance of oil & gas sector in the air compressor market in the country.
In terms of Technology, Rotary air compressor is anticipated to witness healthy growth in the forecast period. Further, petrochemical projects such as Jizan Refinery Project and COTC (a crude-oil-to-chemicals project) along with upcoming construction projects in commercial, residential, and healthcare sectors, would surge the demand for centrifugal air compressors in the country in the forecast period (2021-27).
The report provides a detailed analysis of the following market segments:
Saudi Arabia Air Compressor Market Synopsis
In the recent past, Saudi Arabia air compressor market showed a decent growth on back of projects in oil & gas sector, industrial development, and growing construction sector over the years. Additionally, government reforms and mega developmental projects announced by the government in sectors such as educational institutions, hotels and office spaces are propelling the demand for air compressors in Saudi Arabia.
Moreover, reviving economic conditions due to changing government policies, establishment of special economic zones would further drive the demand for air compressors in the country over the coming years. However, the outbreak of the COVID-19 pandemic resulted in decline in the market revenues during the year 2020 as a result of the falling demand from the construction and manufacturing sector due to halt in the business operations owing to the stringent lockdown imposed across the country. Moreover, the supply chain across countries got disrupted due to the locked borders of exporting countries. Despite of the decline in market revenues during 2020, recovery is expected in market revenues by 2021, with gradual opening of economic activities and restart of construction projects.
According to the publisher, Saudi Arabia Air Compressor Market size is projected to grow at a CAGR of 3.6% during 2021-2027F. Saudi Vision 2030 is one of government mega initiatives which aims at developing and strengthening public service sectors such as healthcare, education, and infrastructure. The fulfilment of these initiatives would require the application of air compressors on large scale, and this would further spur the market growth for air compressors in the country. The Eastern region occupies 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 compressor market in Saudi Arabia.
Market by Applications Analysis
In terms of Applications, Oil & gas sector in Saudi Arabia is expected to exhibit strong growth during the forecast period (2021-27) on account of various upcoming petrochemical and oil and gas projects. Additionally, upcoming projects such as SABIC - Oil-To-Chemicals Plant worth $30 Billion would be the primary reasons behind the dominance of oil & gas sector in the air compressor market in the country.
Market by Technology Analysis
In terms of Technology, Rotary air compressor is anticipated to witness healthy growth in the forecast period. Further, petrochemical projects such as Jizan Refinery Project and COTC (a crude-oil-to-chemicals project) along with upcoming construction projects in commercial, residential, and healthcare sectors, would surge the demand for centrifugal air compressors in the country in the forecast period (2021-27).
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Saudi Arabia Air Compressor Market Overview
- Saudi Arabia Air Compressor Market Outlook
- Saudi Arabia Air Compressor Market Forecast
- Historical & Forecast data of Saudi Arabia Air Compressor Market Revenues & Volume for the Period 2017-2027F
- Historical & Forecast data of Saudi Arabia Portable Air Compressor Market Revenues & Volume for the Period 2017-2027F
- Historical & Forecast data of Saudi Arabia Stationary Air Compressor Market Revenues & Volume for the Period 2017-2027F
- Historical & Forecast data of Saudi Arabia Oil Injected Air Compressor Market Revenues & Volume for the Period 2017-2027F
- Historical & Forecast data of Saudi Arabia Oil Free Air Compressor Market Revenues & Volume for the Period 2017-2027F
- Historical & Forecast data of Saudi Arabia Rotary Air Compressor Market Revenues & Volume for the Period 2017-2027F
- Historical & Forecast data of Saudi Arabia Centrifugal Air Compressor Market Revenues & Volume for the Period 2017-2027F
- Historical & Forecast data of Saudi Arabia Reciprocating Air Compressor Market Revenues & Volume for the Period 2017-2027F
- Historical & Forecast data of Saudi Arabia Air Compressor Applications Market Revenues for the period 2017-2027F
- Historical & Forecast data of Saudi Arabia Air Compressor Regional Market Revenues for the Period 2017-2027F
- Market Drivers and Restraints
- Industry Life Cycle & Porter’s Five Forces
- Opportunity Assessment and Competitive Benchmarking
- Saudi Arabia Air Compressor Market Share, By Technology
- Recent Market Trends
- Recommendations
- Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Types
- Portable
- Stationary
By Technology
- Rotary
- Up to 75kW
- 76-160kW
- Above 160kW
- Centrifugal
- Up to 500kW
- Above 500kW
- Reciprocating
- Up to 10kW
- Above 10kW
By Lubrication
- Oil Injected
- Oil Free
By Applications
- Oil & Gas
- Construction
- Industrial
- Food & Beverages
- Others
By Regions
- Central
- Western
- Eastern
- Southern
Table of Contents
1. Executive Summary5. Saudi Arabia Air Compressor Market Trends13. Saudi Arabia Air Compressor Market Key Performance Indicators17. Key Strategic Recommendations18. Disclaimer
2. Introduction
3. Saudi Arabia Air Compressor Market Over
4. Saudi Arabia Air Compressor Market Dynamics
6. Saudi Arabia Air Compressor Market Overview, By Types
7. Saudi Arabia Air Compressor Market Overview, By Lubrication
8. Saudi Arabia Rotary Air Compressor Market Overview
9. Saudi Arabia Centrifugal Air Compressor Market Overview
10. Saudi Arabia Reciprocating Air Compressor Market Overview
11. Saudi Arabia Air Compressor Market Overview, By Applications
12. Saudi Arabia Air Compressor Market Overview, By Regions
14. Saudi Arabia Air Compressor Market Opportunity Assessment
15. Saudi Arabia Air Compressor Market Competitive Landscape
16. Company Profiles
List of Figures
List of Tables
Companies Mentioned
- Atlas Copco AB
- Ingersoll Rand Inc.
- Doosan Portable Power
- Sullair LLC
- Kaeser Kompressoren FZE
- Gardner Denver FZE
- Elgi Gulf FZE
- BOGE Kompressoren Otto Boge GmbH & Co. KG
- Hokuetsu Industries Co. Ltd.
- FS-Elliott Saudi Arabia Ltd
