DUBLIN--(BUSINESS WIRE )--The "Egypt Air Compressor Market Outlook (2021-2027): Market Forecast By Technology (Rotary, Centrifugal, Reciprocating), By Types (Stationary, Portable), By Lubrication (Oil-Injected, Oil-Free), By Regions (Central, Western, Eastern, Southern) And Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
Egypt Air Compressor Market report comprehensively covers the market by types, technology, power, lubrication, application, and regions. Egypt air compressor market report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Egypt Air Compressor Market Synopsis
Egypt air compressor market witnessed a moderate growth during the period 2017-2020 owing to rapid urbanization and increase in construction activities in the country. The Egyptian government has placed a strong emphasis on infrastructure and construction as a key driver for urban growth and Egypt's major infrastructure projects which are underway and expected to shape a new future for the country.
However, the COVID-19 pandemic brought a decline in market revenues during the year 2020 as the Egypt air compressor market is both manufacturing and import dependent and the movement restrictions imposed during the pandemic period disrupted the supply chain leading to fall in market demand and hence the market revenues.
According to the publisher, the Egypt Air Compressor Market is projected to grow at a CAGR of 8.6% during 2021-2027F. The major reason for growth in the Egypt air compressor market can be attributed to the upcoming projects including Middle East's largest private medical city. Moreover, the increasing demand for oil exploration and mining operations along with advancements in energy & power generating sectors boosting the market of air compressors in the country. The advancement in energy and healthcare industries in Egypt will further augment the demand of air compressors in coming years.
By technology, centrifugal air compressor acquired more than 60% of the market share in terms of revenue. They are projected to show significant growth during the forecast period owing to technology innovation in rotary air compressors enables a high level of output ability to achieve high productivity. Moreover, rotary air compressors are highly efficient, easier to maintain and unlike reciprocating compressors which discharge air intermittently. 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.
Oil and gas dominate 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.
Key Attractiveness of the Report
The report provides a detailed analysis of the following market segments:
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900