MEA Compressor Market is Expected to Witness Rapid Growth Over 2019 - 2024 For Manufacturers: General Electric Manufacturing Company (GEMAC), IDEX Corporation, Flowserve Corporation, Colfax Corporation & Mitsubishi Heavy Industries

The Middle East and Africa (MEA) compressor market is forecasted to cross 3.9 Billion by 2023. During the historical period, MEA compressor market recorded decline of 0.2%, with major decline witnessed during 2014-2015, predominantly due to falling oil prices, which affected most of the industries during this period.

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Based on type, Middle East and Africa compressor market has been segmented into positive displacement and dynamic compressors. Positive displacement compressor category held larger market share in terms of value in 2017, owing to its widespread application in automotive industry.

On the basis of positive displacement, the Middle East and Africa compressor market has been categorized into rotary and reciprocating. Rotary compressors held a major revenue share in 2017. Rotary compressors are used in a range of applications including power generation and industrial production.

Based on pressure, the Middle East and Africa compressor market has been divided into medium-pressure, high-pressure, low-pressure, hyper-pressure and ultra-low-pressure. Medium pressure compressor category held largest market share in 2017, due to its applications in HVAC-R and automotive industries.

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Among application, food and beverage application category is expected to offer lucrative opportunities for compressor market players due to rising government regulations regarding food safety and food packaging. Moreover, with increasing population coupled with high disposable income, the growing demand for packaged food is also expected to propel the demand for compressors.

Saudi Arabia accounted for major share in Middle East and Africa compressor market in 2017, and is expected to reach a value of $988.6 billion by 2023. The country is the largest oil producer with a total share of around 30% in MEA region.

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MEA compressor is a highly competitive market, with primary competitive parameters being price, brand loyalty, quality, and technical competence in the market. Siemens AG and Atlas Copco Group led the MEA compressor market in 2017.

Some the key players in the Middle East and Africa compressor market include General Electric Company, IDEX Corporation, Flowserve Corporation, Colfax Corporation, Burckhardt Compression Holding AG, Man SE, Gardner Denver Holdings Inc., Kaeser Kompressoren SE, Ingersoll-Rand plc, Mitsubishi Heavy Industries Ltd., Accudyne Industries LLC, Atlas Copco AB, Kobe Steel, Ltd., ANEST IWATA Corporation, Zhe Jiang Hongwuhuan Machinery Co., Ltd, MAHLE GmbH, Sanden Holdings Corporation, Valeo SA, Hanon Systems, and Toyota Industries Corporation.

Middle East and Africa compressor Market Segmentation

Market Segmentation by Type

• Positive Displacement
o Reciprocating
 In-line
 “V” shaped
 Tandem piston
 Single-acting
 Double-acting
 Diaphragm
o Rotary
 Screw
 Vane
 Lobe and scroll
• Dynamic
o Centrifugal
o Axial flow

Market Segmentation by Lubrication Type

• Oil-flooded
• Oil-free

Market Segmentation by Portability

• Stationary
• Portable

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