Product Code: ETC048079 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia Gas Equipment Market is expected to register a CAGR of 5.4% during the forecast period (2025-2031). The market is driven by rising demand for natural gas from power plants, petrochemical and industrial units, increasing investments in oil & gas projects, and technological advancements enabling easy installation and maintenance of the equipment used in the production process. However, fluctuations in crude oil prices and environmental issues are likely to restrain growth over the forecast period.
Growing population has resulted in increased energy consumption across the country which eventually led to an increase in demand for clean fuels such as natural gas fuel for generating electricity with fewer emissions than other fossil fuels like coal or oil thus driving up use of natural gas globally. This high demand has encouraged investment into various projects related to exploration and production activities of natural gas leading to an upsurge in demand for related equipment??s including separators, valves etc., thereby contributing towards growth of this market over recent years. Increasing Investment In Oil & Gas Projects : Government initiatives supporting infrastructural development coupled with higher spending on exploration activities have been instrumental in pushing up investments into numerous ongoing as well as upcoming projects associated with petroleum refinery operations across Saudi Arabia. Nonhydrocarbon revenue sources are estimated at SAR 126 billion that account nearly 23% share indicating towards government??s efforts directed towards diversification away from its hydrocarbon sector . As a result , large proportion of these revenues are being invested back into oil & gas industry leading to strong growth potential opportunities within upstream activities such as drilling , refining etc., eventually aiding market expansion prospects within Saudi Arabia during projected timespan.
High volatility observed within crude oil prices during past couple decades owing primarily on rising geopolitical tensions between major exporting countries have adversely affected revenue returns generated through export sales made by respective nations further affecting overall health economic condition among them due mainly on resource dependent economies like Saudi Arabia. Additionally, declining global demands along with resilient supplies also had tremendous impact upon energy price trends resulting into sustained downturns since 2014 until recently when gradual recoveries were observed which may not be sufficient enough resulting into weak prospects ahead thus restraining expansion prospects within regional markets.
However, with the outbreak of Covid-19 pandemic in 2025, many countries have been facing an economic slowdown due to falling oil prices and uncertainty regarding supply chains. This has had a direct negative impact on various industries including that of gas equipment manufacturers who are experiencing reduced orders from their customers across sectors. Moreover, delays or restrictions on international trade activities have affected cross border shipments as well as production processes leading to decreased revenue collections and profit margins for vendors operating in this space.
Some key players operating in Saudi Arabia Gas Equipment Market include Schlumberger Limited., Honeywell International Inc., ABB Ltd., Siemens AG , General Electric Company , Dresser-Rand Group Inc., Emerson Electric Co., Halliburton Company , National Oilwell Varco Inc., Weir Group PLC .
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 Gas Equipment Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Gas Equipment Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Gas Equipment Market - Industry Life Cycle |
3.4 Saudi Arabia Gas Equipment Market - Porter's Five Forces |
3.5 Saudi Arabia Gas Equipment Market Revenues & Volume Share, By Equipment Type, 2021 & 2031F |
3.6 Saudi Arabia Gas Equipment Market Revenues & Volume Share, By Process, 2021 & 2031F |
3.7 Saudi Arabia Gas Equipment Market Revenues & Volume Share, By End-Gas, 2021 & 2031F |
3.8 Saudi Arabia Gas Equipment Market Revenues & Volume Share, By End-Users, 2021 & 2031F |
4 Saudi Arabia Gas Equipment Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing industrialization and infrastructure development in Saudi Arabia leading to higher demand for gas equipment. |
4.2.2 Favorable government initiatives and policies to boost the oil and gas sector, driving the demand for gas equipment. |
4.2.3 Growing investments in natural gas exploration and production activities in the region. |
4.3 Market Restraints |
4.3.1 Volatility in oil prices impacting investment decisions in the gas equipment market. |
4.3.2 Stringent environmental regulations and compliance requirements affecting the adoption of gas equipment technologies. |
4.3.3 Intense competition from global and regional market players leading to pricing pressures. |
5 Saudi Arabia Gas Equipment Market Trends |
6 Saudi Arabia Gas Equipment Market, By Types |
6.1 Saudi Arabia Gas Equipment Market, By Equipment Type |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Gas Equipment Market Revenues & Volume, By Equipment Type, 2021-2031F |
6.1.3 Saudi Arabia Gas Equipment Market Revenues & Volume, By Gas Delivery Systems, 2021-2031F |
6.1.4 Saudi Arabia Gas Equipment Market Revenues & Volume, By Gas Regulators, 2021-2031F |
6.1.5 Saudi Arabia Gas Equipment Market Revenues & Volume, By Flow Devices, 2021-2031F |
6.1.6 Saudi Arabia Gas Equipment Market Revenues & Volume, By Purifiers & Filters, 2021-2031F |
6.1.7 Saudi Arabia Gas Equipment Market Revenues & Volume, By Gas Generating Systems, 2021-2031F |
6.1.8 Saudi Arabia Gas Equipment Market Revenues & Volume, By Gas Detection Systems, 2021-2031F |
6.1.9 Saudi Arabia Gas Equipment Market Revenues & Volume, By Accessories, 2021-2031F |
6.1.10 Saudi Arabia Gas Equipment Market Revenues & Volume, By Accessories, 2021-2031F |
6.2 Saudi Arabia Gas Equipment Market, By Process |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Gas Equipment Market Revenues & Volume, By Gas Generation, 2021-2031F |
6.2.3 Saudi Arabia Gas Equipment Market Revenues & Volume, By Gas Storage, 2021-2031F |
6.2.4 Saudi Arabia Gas Equipment Market Revenues & Volume, By Gas Detection, 2021-2031F |
6.2.5 Saudi Arabia Gas Equipment Market Revenues & Volume, By Gas Transportation, 2021-2031F |
6.3 Saudi Arabia Gas Equipment Market, By End-Gas |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Gas Equipment Market Revenues & Volume, By Nitrogen, 2021-2031F |
6.3.3 Saudi Arabia Gas Equipment Market Revenues & Volume, By Hydrogen, 2021-2031F |
6.3.4 Saudi Arabia Gas Equipment Market Revenues & Volume, By Helium, 2021-2031F |
6.3.5 Saudi Arabia Gas Equipment Market Revenues & Volume, By Oxygen, 2021-2031F |
6.3.6 Saudi Arabia Gas Equipment Market Revenues & Volume, By Carbon Dioxide, 2021-2031F |
6.3.7 Saudi Arabia Gas Equipment Market Revenues & Volume, By Others, 2021-2031F |
6.4 Saudi Arabia Gas Equipment Market, By End-Users |
6.4.1 Overview and Analysis |
6.4.2 Saudi Arabia Gas Equipment Market Revenues & Volume, By Metal Fabrication, 2021-2031F |
6.4.3 Saudi Arabia Gas Equipment Market Revenues & Volume, By Chemicals, 2021-2031F |
6.4.4 Saudi Arabia Gas Equipment Market Revenues & Volume, By Healthcare, 2021-2031F |
6.4.5 Saudi Arabia Gas Equipment Market Revenues & Volume, By Oil and Gas, 2021-2031F |
6.4.6 Saudi Arabia Gas Equipment Market Revenues & Volume, By Food and Beverage, 2021-2031F |
6.4.7 Saudi Arabia Gas Equipment Market Revenues & Volume, By Others, 2021-2031F |
7 Saudi Arabia Gas Equipment Market Import-Export Trade Statistics |
7.1 Saudi Arabia Gas Equipment Market Export to Major Countries |
7.2 Saudi Arabia Gas Equipment Market Imports from Major Countries |
8 Saudi Arabia Gas Equipment Market Key Performance Indicators |
8.1 Utilization rate of existing gas equipment in Saudi Arabia. |
8.2 Investment in research and development for innovative gas equipment technologies. |
8.3 Number of partnerships and collaborations between local and international gas equipment companies. |
8.4 Adoption rate of advanced gas equipment solutions in key industries in Saudi Arabia. |
8.5 Energy efficiency and sustainability metrics of gas equipment deployed in the market. |
9 Saudi Arabia Gas Equipment Market - Opportunity Assessment |
9.1 Saudi Arabia Gas Equipment Market Opportunity Assessment, By Equipment Type, 2021 & 2031F |
9.2 Saudi Arabia Gas Equipment Market Opportunity Assessment, By Process, 2021 & 2031F |
9.3 Saudi Arabia Gas Equipment Market Opportunity Assessment, By End-Gas, 2021 & 2031F |
9.4 Saudi Arabia Gas Equipment Market Opportunity Assessment, By End-Users, 2021 & 2031F |
10 Saudi Arabia Gas Equipment Market - Competitive Landscape |
10.1 Saudi Arabia Gas Equipment Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Gas Equipment Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |