Middle East & Africa Oil Free Air Compressor Market Size & Outlook
Middle East & Africa oil free air compressor market, 2018-2030 (US$M)
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MEA oil free air compressor market highlights
- The MEA oil free air compressor market generated a revenue of USD 1,257.1 million in 2023.
- The market is expected to grow at a CAGR of 3.3% from 2024 to 2030.
- In terms of segment, stationary was the largest revenue generating product in 2023.
- Portable is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,257.1 million |
| Market revenue in 2030 | USD 1,581.1 million |
| Growth rate | 3.3% (CAGR from 2023 to 2030) |
| Largest segment | Stationary |
| Fastest growing segment | Portable |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Portable, Stationary |
| Key market players worldwide | Atlas Copco AB Class A, Hanwha, Ingersoll Rand Inc, Kaeser Kompressoren, Doosan Fuel Cell Ordinary Shares, Hitachi Ltd, Anest Iwata |
Other key industry trends
- In terms of revenue, MEA region accounted for 10.2% of the global oil free air compressor market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 5,857.9 million by 2030.
Stationary was the largest segment with a revenue share of 55.01% in 2023. Horizon Databook has segmented the Middle East & Africa oil free air compressor market based on portable, stationary covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East and Africa (MEA) region is witnessing a growing demand for oil free air compressors, driven by several factors. One of the main drivers is the increasing implementation of stringent environmental regulations by governments in the region, aimed at reducing carbon emissions and promoting sustainable development.
In addition, the focus on energy efficiency in MEA due to high electricity prices and unstable power supply has also led to the popularity of oil free air compressors, which are more energy-efficient than oil-lubricated compressors.
To meet this growing demand, industrialists in MEA are focusing on producing energy-saving equipment, including oil free air compressors. This has led to increased investment in research and development to produce more efficient and reliable oil free air compressors that can meet the specific needs of their customers.
Key Regions: U.S. , UK , Japan , Brazil , South Africa
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Oil Free Air Compressor Market Scope
Oil Free Air Compressor Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA oil free air compressor market size, by country, 2018-2030 (US$M)
Middle East & Africa Oil Free Air Compressor Market Outlook Share, 2023 & 2030 (US$M)
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