GCC Air Compressor Market Outlook

gcc air compressor market outlook for 2018 to 2032 the 2030 initiative for sustainability and economic growth launched by government of the countries in the gulf cooperation council (gcc) states has increased the demand for air compressors significantly in the region. with the surge in investments in various sectors from healthcare, energy, hospitality to industrial sectors, air compressors play an important role in maintaining the growth and development of the regional economy. the most common air compressors utilized by end-users in the gcc region are rotary screw, reciprocating and centrifugal compressors. the geographical and economical advantages of the region have raised the demand for these air compressors due to the regional heavy industrialization activity. rotary screw compressors find the most use in commercial, industrial, and oil and gas sectors due to their improved air efficiency and low maintenance cost. reciprocating and centrifugal air compressors have witnessed good growth in demand due to their higher efficiency, low cost, and easier installation. there has been some stagnation in the centrifugal compressor demand due to its higher electricity consumption rate. oil and gas sector is the leading end-user industry of air compressors in gcc region. this sector utilizes air compressors for a range of operations such as coolers for tank ventilation, air nitrogen for safety, ventilation of chemicals, pump oil slurry in pipelines, treater units, dehydration units, and oil and gas refineries. in the foreseeable future, due to advances in technology, air compressors are likely to become more energy-efficient, thereby, reducing electricity consumption costs. this factor will further drive the demand for air compressors in the region and will have an overall positive outlook on the gcc air compressor market. in the coming years, there are expected to be various collaborations between leading compressor manufacturers and distributors to introduce sophisticated small-sized compressors as these prove to be cost-effective. prime examples of such joint efforts are ingersoll rand and dabeer group in bahrain. in conclusion, the outlook for gcc air compressor market over the period 2018 to 2032 looks promising and the region is expected to register impressive growth.