Market Size of Middle-East And Africa Compressor Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.61 Billion |
| Market Size (2029) | USD 4.51 Billion |
| CAGR (2024 - 2029) | > 4.59 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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MEA Compressor Market Analysis
The Middle-East And Africa Compressor Market size is estimated at USD 3.61 billion in 2024, and is expected to reach USD 4.51 billion by 2029, growing at a CAGR of greater than 4.59% during the forecast period (2024-2029).
- Over the medium term, the increasing growth of the oil and gas and industrial sectors in the region is expected to drive the market during the forecasted period.
- On the other hand, increasing fluctuations in oil and gas prices are expected to hinder the growth of the market during the forecasted period.
- Nevertheless, technological advancements in compressors like magnetic bearings and better energy efficiency are expected to create huge opportunities for the Middle-East and African diesel generator market.
- Saudi Arabia is expected to be a dominant region for the market due to the increasing demand for energy in the region being generated from natural gas.
