Posted On: 2021-12-29
Centrifugal air compressor acquired the largest market revenue share in the Egypt air compressor market – 6Wresearch.
Egypt air compressor market witnessed a steady growth during 2018-19 owing the growing infrastructural development across Egypt, rapid industrialization along with investments to develop cross border oil & gas pipeline networks and growing demand for energy efficient air compressors. However, the covid-19 pandemic brought a decline in market revenues during the year 2020 owing to the lockdown imposed in the country. The lockdown has led to a tremendous decline in the business including the food and beverages industry and industrial operational processes. This has hampered the manufacturing sector and has created disruption in the supply chain. Thus, resulted in decline in the demand for air compressors. The Egypt air compressor market is anticipated to experience steady growth post-COVID-19 pandemic. The rising preference for the use of highly compressed air systems and demand in various industries would likely to further accentuate the market growth over the projected timeframe. Future investments in the construction and manufacturing sectors in the country would provide growth opportunities for industrial air compressors in Egypt.
According to 6Wresearch, Egypt Air Compressor Market size is projected to grow at a CAGR of 8.6% during 2021-2027. Egypt air compressor market is in the growing stage of industry life cycle. The market would continue to climb up owing to as demand is increasing with the growing infrastructure sector. With the ongoing development in the pharmaceutical sector as Egypt is targeting drug development at various stages. Egypt Vision 2030 would help in rapid expansion in infrastructure development and growing hospitality and residential sectors are anticipated to propel the demand for air compressors in Egypt.
According to Shivali Sharma, Research Analyst, 6Wresearch, “Rotary air compressor dominates the Egypt air compressor market volume share for the year 2020 as rotary air compressors are highly efficient, easier to maintain unlike reciprocating compressors which discharge air intermittently. Moreover, technology innovation in rotary air compressors enables a high level of output ability to achieve high productivity. With higher penetration of rotary air compressors in the industrial segments such as oil and gas, manufacturing etc. the market is expected to increase during forecast period.”
According to Vasudha Kaushik, Research Associate, 6Wresearch, “Oil and gas dominates the market revenue share in air compressor market in 2020 and same trend is expected to continue in the forecasted years on account of increase in demand for oil and oil-based products along with increase in demand for natural gas with rising population. With rapid urbanization and increasing investment in mechanical equipment the demand for air compressors would increase in oil and gas sector along with industrial sector in coming years.”
Some of the major companies in Egypt air compressor market includes Atlas Copco Equipment, Ingersoll Rand Inc, Kaeser Kompressoren, Bauer Kompressoren, FS Elliott co., LLC, Boge Kompressoren, Elgi Equipment and Coltri Compressors.
Egypt air compressor market (2021-2027)” report provides an in-depth analysis with 29 figures and 11 tables, covered in 88 pages. The report estimates and forecast the overall Egypt air compressor market by technology, power, types, lubrication, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.