In order to take advantage of the expanding market, manufacturing companies operating on the global market are concentrating on growing their network in Gulf nations. These actions by the major players will increase the level of competition in the GCC mini cranes market and influence consumers to choose better products at lower prices.
The United Arab Emirates recently announced plans to increase the manufacturing sector’s current contribution to the local economy by more than doubling it by raising industrial revenues to US$ 81 billion over the next ten years. This is due to the ongoing growth of the industrial sector in the Gulf region, which has increased demand for related products.
The Made in Saudi programme was established by Saudi Arabia with the goal of assisting businesses in expanding locally and increasing exports to key markets. The rising industrialization and rising awareness towards the reducing air pollution & safety of work force operating in industrial sector is expected to drive the demand of Industrial Air filtration systems in coming years.
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Key Takeaways from Market Study
- By Product Type, Odour Control Units is expected to grow at a CAGR of 5.1%during the forecast period.
- By Product Type, the Baghouse Filters segment is anticipated to dominate the market of GCC Industrial Air Filtration and is further expected to account for about 24.7% of the market share.
- By Country, the Saudi Arabia is projected to lead the demand of Industrial Air Filtration in GCC market and is further anticipated to create an absolute dollar opportunity worth US$ 168.4 Million in between the forecast period.
- In terms of country, industrial air filtration sales in UAE are estimated to exhibit a CAGR of 6.1%.
“Increasing industrial manufacturing and warehousing coupled with growing industrial infrastructural development, particularly will yield the market growth in the forecast period.” says a Future Market Insights analyst.
GCC Industrial Air Filtration Market Competitive Landscape
The GCC Market is moderately fragmented with presence of large no. of local & global players, some of Key playes present in the market are Esta Extraction Technology, Intensive Filter Himenviro, Wam Group, Tama Aernova, Absolent Air Care Group, Hanza Environment Technology Factory, CAMFIL GROUP, Donaldson Company, Inc, AGET Manufacturing, Filter Concept Pvt. Ltd and others
Summary:
The research report analyses the market demand trend for the GCC Industrial Air Filtration. The GCC market is based on COVID-19 impact, macroeconomic factors, market trends & market background. As per Future Market Insights’ research scope, the GCC Industrial Air Filtration Market report is studied and analyzed in the following segments such as by product type, application, & country. The GCC Industrial Air Filtration Market report gives us qualitative and quantitative information about the companies.
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Key Segments Covered in GCC Industrial Air Filtration Market Analysis
GCC Industrial Air Filtration Market by Product Type:
- Dust Collectors
- Baghouse Filters
- Odour Control Units
- Paint & blasting booth Filters
GCC Industrial Air Filtration Market by Application:
- Cement
- Food
- Metals
- Power
- Pharmaceuticals
- Others
GCC Industrial Air Filtration Market by Country:
- Saudi Arabia
- UAE
- Qatar
- Kuwait
- Oman
- Bahrain
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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