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Middle East compressors market: 8.5% CAGR growth forecast between 2012-2016

Press Release   •   Aug 08, 2013 14:22 BST

The Middle East Compressors market is to grow at a CAGR of 8.48 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for compressors from manufacturing industries. The Compressors Market in the Middle East has also been witnessing the development of application-specific compressors. However, the fluctuating raw material prices could pose a challenge to the growth of this market.

One of the main trends witnessed in the Compressors market in the Middle East is the increase in mergers and acquisitions. The market is fragmented, with the presence of many international and local vendors. The major players are trying to increase their market shares. In order to access the untapped market, a number of mergers and acquisitions and strategic alliances are expected to take place in the market during the forecast period. Also, the market players are creating alliances with regional, small, and large companies as a way to increase their market share. This also enhances their distribution channels and improves their market reach.

One of the main factors driving the market is the increasing awareness about end-users of energy efficiency conservation. End-users are increasingly focusing on ways to enhance energy efficiency which also require changing existing compressors with the latest technology enabled compressors. These latest energy enabled compressors saves energy that paves way for reduced overall cost of ownership.

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