London, 21 October 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Compressors Market in Middle East 2014-2018, which is expected to grow at a CAGR of 7.74 percent during the period 2014-2018.
“Demand for high-quality and oil-free applications are expected to increase demand for rotary screw positive displacement compressors. These compressors require less maintenance than reciprocating compressors,” says Faisal Ghaus, Vice President of TechNavio.
“The newest products have features such as increased efficiency, noise-free compressors, portable designs, and the ability to shut off and restart as required, which offer substantial benefits over traditional products.”
Key Market Drivers
- Investments in Non-oil and Gas Sector in Middle East
- Need for Enhanced Productivity
- Demand for Rotary Screw Compressors
- Growing Awareness of Energy Efficiency
Key Market Trends
- Development of Application-specific Compressors
- Demand for Environment-friendly Compressors
- Emergence of New-generation Compressors
- Mergers and Acquisitions
Key Market Vendors
- Atlas Copco AB
- Dresser-Rand Inc.
- GE Co.
- Siemens AG
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
