TechNavio recognizes the following companies as the key players in the Compressors market in the Middle East: Atlas Copco AB., Dresser-Rand Group Inc., GE Co., and Siemens AG.
Commenting on the report, an analyst from TechNavio’s team said: “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.”
According to the report, 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.
Further, the report states that one of the main challenges is the lack of product differentiation. The market lacks new product development due to limited investment in R&D activities. Also, the lack of technical expertise required to develop advanced compressors is one of the prime reasons for the lack of product differentiation in the Compressors market in the Middle East.
The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Elliott Group, FS-Elliott Co. LLC, Gardner Denver Inc., Ingersoll-Rand plc, MAN Diesel & Turbo SE, and Neuman and Esser Group.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please https://www.technavio.com/report/compressors-market-middle-east-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/engineering-and-automation
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TechNavio Announces the Publication of its Research Report -Compressors Market in the Middle East 2012-2016
