Product Code: ETC023759 | Publication Date: Jul 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Compressors market currently, in 2023, has witnessed an HHI of 2383, Which has increased moderately as compared to the HHI of 1137 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The Saudi Arabia compressors market is expected to grow at a CAGR of over 4.1% during the forecast period 2025-2031. The rising industrialization along with growing demand for compressed air and refrigeration systems in numerous industries are the major factors driving the growth of this market. Additionally, increasing investments in infrastructure development projects are also contributing towards its growth.
Some of the key drivers that will drive the Saudi Arabia compressors market include increasing demand from various end-user industries such as oil & gas, manufacturing, automotive, construction and so forth; availability of advanced products; and government initiatives providing incentives for efficient energy utilization. Furthermore, advancements in technology have enabled manufacturers to develop more efficient compressor models with improved features which has resulted in higher adoption rates among users across different sectors. Moreover, public sector organizations are increasingly investing heavily into R&D initiatives aimed at enhancing product quality while reducing costs through technological advancements like variable speed drives (VSD). This factor is further expected to spur growth opportunities for compressor suppliers operating within the country??s boundaries.
However, some challenges might hinder growth prospects including high cost associated with maintenance and installation services as well as operational costs related to certain sophisticated models; lack of awareness about energy savings potential offered by these machines; presence of stringent environmental regulations on pollution emissions hindering industry growth prospects; availability issues due to geographical limitations posed by raw material sources or transportation networks etc.. These aforementioned challenges create uncertainties within supply chains thereby limiting short term expansion plans laid down by domestic firms operating within this space.
The COVID-19 pandemic has resulted in major disruptions throughout global markets including that of Saudi Arabia compressor industry. Decline or suspension of manufacturing activities coupled with reduced construction activities due their associated health hazards have limited demand from end users leading to decreased orders among compressed air equipment makers which will subsequently hamper overall growth prospects within this sector during 2025-2031 financial year when compared against previous years?? performance figures .Nonetheless emergence of digitalization technology is likely help ease operational cost burden faced by companies while aiding them maintain customer relationships even under lockdown restrictions imposed by governments worldwide
Some of key players offering products related compressing machineries include Gardner Denver Inc., Atlas Copco AB , Siemens AG , Ingersoll Rand plc , Kaeser Kompressoren SE , Eaton Corporation PLC , Hitachi Ltd., Sullair LLC etc.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Compressors Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Compressors Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Compressors Market - Industry Life Cycle |
3.4 Saudi Arabia Compressors Market - Porter's Five Forces |
3.5 Saudi Arabia Compressors Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Saudi Arabia Compressors Market Revenues & Volume Share, By Industry, 2021 & 2031F |
4 Saudi Arabia Compressors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Compressors Market Trends |
6 Saudi Arabia Compressors Market, By Types |
6.1 Saudi Arabia Compressors Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Compressors Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Saudi Arabia Compressors Market Revenues & Volume, By Positive Displacement, 2021-2031F |
6.1.4 Saudi Arabia Compressors Market Revenues & Volume, By Dynamic, 2021-2031F |
6.2 Saudi Arabia Compressors Market, By Industry |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Compressors Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Saudi Arabia Compressors Market Revenues & Volume, By Steel, 2021-2031F |
6.2.4 Saudi Arabia Compressors Market Revenues & Volume, By Chemical, 2021-2031F |
6.2.5 Saudi Arabia Compressors Market Revenues & Volume, By Medical, 2021-2031F |
6.2.6 Saudi Arabia Compressors Market Revenues & Volume, By Others, 2021-2031F |
7 Saudi Arabia Compressors Market Import-Export Trade Statistics |
7.1 Saudi Arabia Compressors Market Export to Major Countries |
7.2 Saudi Arabia Compressors Market Imports from Major Countries |
8 Saudi Arabia Compressors Market Key Performance Indicators |
9 Saudi Arabia Compressors Market - Opportunity Assessment |
9.1 Saudi Arabia Compressors Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Saudi Arabia Compressors Market Opportunity Assessment, By Industry, 2021 & 2031F |
10 Saudi Arabia Compressors Market - Competitive Landscape |
10.1 Saudi Arabia Compressors Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Compressors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |