Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Air Compressor Market Outlook (2021-2027): Market Forecast 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) And Competitive Landscape” under Heavy Industry Market Research Reports category. The Air Compressor Market Database in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
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.
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.
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
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
Up to 75kW
Up to 500kW
Up to 10kW
Oil & Gas
Food & Beverages
Browse our full report with Table of Contents:
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