Middle East Modularization Market Growth, Regions, Technology, Analysis of Trends and Forecasts 2028

The Middle East is poised to see a surge in drilling and exploration endeavors for oil, particularly in countries like Qatar and Kuwait, which is expected to drive market growth. Furthermore, increased utilization of piping spools, pipe racks, and skids across sectors such as petroleum and transportation is anticipated to bolster the modularization market in the region. Factors like the growing preference for stainless-steel pipes, valued for their aesthetic appeal and durability, are also likely to contribute to market expansion.

The rising adoption of various modular components including pipe spools, racks, and skids across diverse industries such as oil and gas, power, and pharmaceuticals presents promising opportunities for market growth. Key players like United Engineering Services LLC, TOCO, and United Gulf Pipe Manufacturing Co. LLC are actively involved in offering modular construction solutions, with TOCO, for instance, specializing in modules, skids, manifolds, and fabrication services tailored for oil and gas projects.

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The Middle East modularization market size is expected to reach $0.74 billion by 2028, from $0.49 billion in 2020, and registering a CAGR of 5.3% from 2021 to 2028.

In 2020, South Arabia country dominated the Middle East modularization market, in terms of revenue, accounting for around 28.10% share of the Middle East modularization market.

Nevertheless, challenges such as significant capital investment requirements and fluctuations in raw material prices are expected to hinder market growth. The recent lockdown measures imposed in countries like the UAE and Qatar have directly impacted the operations of modularization companies, leading to disruptions in supply chains due to shortages in raw materials and manpower. However, with the gradual resumption of activities in the modularization industry and the availability of COVID-19 vaccines, there are optimistic projections for the Middle East modularization market to resume operations at full capacity.

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Segmentation Based On:
By Service
• Prefabricated Pipes (Spools)
• Process and Fabrication
• Process and Pipe Rack Modules
• Others

By End User Industry
• Oil & Gas
• Mining & Metallurgy
• Petrochemicals & Chemicals
• Power
• Others

By Country
• Bahrain
• Kuwait
• Oman
• Qatar
• Saudi Arabia
• UAE

Key Players
• Fluor Corporation
• SHV Holdings N.V. (Mammoet)
• Arabian International Company for Steel Structures
• Larsen & Toubro Limited (L & T Piping Center)
• ENKA INSAAT VE SANAYI (CIMTAS PIPE FABRICATION AND
TRADING CO. LTD.)
• YENA ENGINEERING B.V.
• PROSAIC STEEL AND ALLOYS
• Metal Forge India
• ChelPipe Group
• Honeywell International Inc (Honeywell UOP)

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