Dublin, Jan. 07, 2019 (GLOBE NEWSWIRE) -- The "Kuwait Air Compressor Market (2018-2024): Market Forecast by Types, by Lubrication Method, by Technology, by Applications, by Regions, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
Kuwait Air Compressor market revenues are forecast to grow at a CAGR of 3.9% during 2018-24.
Oil revenues accounts for almost the entirety of Kuwait's export earnings and contributes more than 50% towards the country's nominal GDP. In light of the slump in oil prices during 2014-17, the government spending was severely affected in Kuwait, leading to the scrapping of multiple new projects which were expected to hit the market.
A major drop in oil prices in 2014 led to the downfall of the oil & gas industry in the country, resulting in negative growth for the air compressor market in Kuwait. The stabilizing of oil prices and the increasing role of the non-oil sector is expected to lead to positive growth for the air compressor market in 2018. The ambitious Kuwait Vision 2035 Plan, which aims to diversify the economy, is revitalizing the construction market in the country. Ongoing and upcoming infrastructural advancement in Kuwait is further escalating the demand for air compressors in the country.
In Kuwait, rotary air compressors captured the majority of the market revenue share in 2017, and the segment is expected to dominate the overall market during the forecast period as well. The oil & gas application segment accounted for the maximum revenue share in the overall air compressor market on account of the several upcoming oil and gas projects.
The report thoroughly covers Air Compressor market by types, technology, power rating, lubrication method, applications, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers, which would help the stakeholders to decide and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Historical & Forecast data of Global Air Compressor Market for the Period 2014-2024
- Historical & Forecast data of Kuwait Air Compressor Market Revenues & Volume for the Period 2014-2024
- Historical & Forecast data of Kuwait Portable Air Compressor Market Revenues & Volume for the Period 2014-2024
- Historical & Forecast data of Kuwait Stationary Air Compressor Market Revenues & Volume for the Period 2014-2024
- Historical & Forecast data of Kuwait Oil Injected Air Compressor Market Revenues & Volume for the Period 2014-2024
- Historical & Forecast data of Kuwait Oil-Free Air Compressor Market Revenues & Volume for the Period 2014-2024
- Historical & Forecast data of Kuwait Rotary Air Compressor Market Revenues & Volume for the Period 2014-2024
- Historical & Forecast data of Kuwait Centrifugal Air Compressor Market Revenues & Volume for the Period 2014-2024
- Historical & Forecast data of Kuwait Reciprocating Air Compressor Market Revenues & Volume for the Period 2014-2024
- Historical & Forecast data of Kuwait Air Compressor Applications Market Revenues for the period 2014-2024
- Historical & Forecast data of Kuwait Air Compressor Regional Market Revenues for the Period 2014-2024
- Market Drivers and Restraints
- Players Market Share, By Technology
- Recent Market Trends
- Recommendations
Markets Covered
By Types
- Portable
- Stationary
By Lubrication Method
- Oil-Injected
- Oil Free
By Technology
- Rotary:
- 0-75kW
- 76-160kW
- Above 160kW
- Centrifugal:
- 0-500kW
- Above 500kW
- Reciprocating:
- 0-10kW
- Above 10kW
By Applications
- Industrial
- Construction
- Oil & Gas
- Food & Beverages
- Others
By Regions
- Central
- Southern
- Western
- Eastern
Companies Mentioned
- Atlas Copco AB
- Bauer Kompressoren GCC FZE
- BOGE Kompressoren
- Doosan Infracore Co. Ltd.
- Elgi Gulf (FZE)
- Gardner Denver FZE
- Ingersoll Rand PLC
- Kaeser Kompressoren FZE
- Sullair LLC
For more information about this report visit https://www.researchandmarkets.com/research/5zwpcs/kuwait_air?w=12
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.