10 months ago
Oil and Gas Application Boosts Middle East and Africa Compressor Industry
The Middle East and Africa compressor market is projected to rise in the near future. The automotive industry is projected to offer numerous opportunities more specifically in Africa, resulting in setting-up of numerous automobile production entities.
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Under the type segment, the MEA compressor industry is bifurcated into dynamic compressors and positive displacement. The positive displacement compressors demand is projected to rise extensively in the near future, due to expansion of the HVAC-R and automotive industries in the MEA region.
The rotary compressors, under the positive displacement category are projected to dominate the industry in the coming future, led by rising investments in the industrial infrastructure development and power generation. It aims at transforming economy based on petroleum to manufacturing-based.
The centrifugal compressor, under the dynamic compressors captures the extensive revenue share of the industry. The centrifugal compressors are majorly used in the oil and gas industry.
Under the lubrication type, MEA compressor industry is divided into oil-free and oil-flooded. Oil-flooded are widely adopted, due to their benefits over oil-free compressors, that requires low maintenance cost and low external cooling requirement.
Under portability segment, the stationary compressors generate substantial revenue, owed to the presence of the industries that utilise compressors such as chemical and cement, automotive, food and beverage, HVAC-R, and oil and gas. In construction industry, the portable compressors utilize portable compressors for majority of applications.
The highest revenue is generated by oil and gas application in the MEA compressor industry, led by the worldwide rising energy demand. The fluctuations in the oil prices impacts the sales of the compressor. The rising investments and increasing number of projects boost the compressors demand.
Saudi Arabia contributes significantly to the MEA compressor industry, and it is projected to proliferate the industry growth in the near future. It is the largest oil producing country in the MEA region, accounting for 30% share. The oil and gas application industry witnessed the highest demand for compressor. The Saudi Arabia compressor industry is projected to experience the demand from various sectors, more specifically from food and beverage, automotive, and chemical and cement industry.
The surging gas exploration projects in the MEA region is projected to create opportunities for industry players in the nearby future. The energy and chemical-based companies are focusing on partnering with other organizations to cater to the gas requirement in the UAE region.
The rising usage of the compressors in the oil and gas industry for carrying out activities including refinement, oil extraction, and transportation process. The surging number of oil and gas refineries, and increasing investments boosts the industry growth. The gas transportation and liquefication application largely requires compressors.
The major companies of the MEA compressor industry are IDEX Corporation, Man SE, Ingersoll-Rand plc, Atlas Copco AB, Accudyne Industries LLC, MAHLE GmbH, Gardner Denver Holdings Inc., ANEST IWATA Corporation, and Hanon Systems.
Therefore, the expansion of the oil and gas industry in the MEA is projected to boost the compressor industry in the region.
The Middle East and Africa compressor market is projected to rise in the near future. The automotive industry is projected to offer numerous opportunities more specifically in Africa, resulting in setting-up of numerous automobile production entities.
Get More Insights: https://www.psmarketresear...
Under the type segment, the MEA compressor industry is bifurcated into dynamic compressors and positive displacement. The positive displacement compressors demand is projected to rise extensively in the near future, due to expansion of the HVAC-R and automotive industries in the MEA region.
The rotary compressors, under the positive displacement category are projected to dominate the industry in the coming future, led by rising investments in the industrial infrastructure development and power generation. It aims at transforming economy based on petroleum to manufacturing-based.
The centrifugal compressor, under the dynamic compressors captures the extensive revenue share of the industry. The centrifugal compressors are majorly used in the oil and gas industry.
Under the lubrication type, MEA compressor industry is divided into oil-free and oil-flooded. Oil-flooded are widely adopted, due to their benefits over oil-free compressors, that requires low maintenance cost and low external cooling requirement.
Under portability segment, the stationary compressors generate substantial revenue, owed to the presence of the industries that utilise compressors such as chemical and cement, automotive, food and beverage, HVAC-R, and oil and gas. In construction industry, the portable compressors utilize portable compressors for majority of applications.
The highest revenue is generated by oil and gas application in the MEA compressor industry, led by the worldwide rising energy demand. The fluctuations in the oil prices impacts the sales of the compressor. The rising investments and increasing number of projects boost the compressors demand.
Saudi Arabia contributes significantly to the MEA compressor industry, and it is projected to proliferate the industry growth in the near future. It is the largest oil producing country in the MEA region, accounting for 30% share. The oil and gas application industry witnessed the highest demand for compressor. The Saudi Arabia compressor industry is projected to experience the demand from various sectors, more specifically from food and beverage, automotive, and chemical and cement industry.
The surging gas exploration projects in the MEA region is projected to create opportunities for industry players in the nearby future. The energy and chemical-based companies are focusing on partnering with other organizations to cater to the gas requirement in the UAE region.
The rising usage of the compressors in the oil and gas industry for carrying out activities including refinement, oil extraction, and transportation process. The surging number of oil and gas refineries, and increasing investments boosts the industry growth. The gas transportation and liquefication application largely requires compressors.
The major companies of the MEA compressor industry are IDEX Corporation, Man SE, Ingersoll-Rand plc, Atlas Copco AB, Accudyne Industries LLC, MAHLE GmbH, Gardner Denver Holdings Inc., ANEST IWATA Corporation, and Hanon Systems.
Therefore, the expansion of the oil and gas industry in the MEA is projected to boost the compressor industry in the region.
10 months ago
Why Are Modular Robots Important Part of Industry 4.0 Standards?
From $9.32 trillion in 2009, the manufacturing output, value-added, rose sharply to $13.672 trillion in 2019, as per the World Bank. This reflects both the burgeoning demand for every type of product, on account of the booming population, and the continuous advancements the manufacturing industry is undergoing to meet it. One of the best ways to boost productivity is automation, as it speeds up the process and makes it almost non-stop.
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Thus, with the Industrial 4.0 revolution sweeping across the world, P&S Intelligence expects the modular robotics market revenue to grow from $5.6 billion in 2019 to $15.1 billion by 2030, at a 9.9% CAGR between 2020 and 2030. Most large factories have robots to handle repetitive and critical processes, which also helps reduce companies’ operational expenditure. Robots are precise, can work throughout the day, and do not require salaries and fixed off days. However, since a factory may need an array of robots for different tasks, industrial automation can increase the initial capital investments.
As a result, manufacturers have begun integrating modular robots into their operations, as these systems can change their shape and size automatically, by changing the position of their individual active and passive components, much like in the Transformers movies. Thus, one robot can function in an array of settings within a factory, by reconfiguring itself, which could help companies save on capital expenditure and make the overall manufacturing process cheaper. This, in turn, would help industrialists reduce the prices of their end products and gain a wider consumer base.
With countries around the world investing in the advancement of their industrial sector to become a manufacturing hub, modular robots are being further improved via the integration of artificial intelligence (AI). Many companies in the robotics sector are now integrating AI in such products to analyze real-time operational data for better efficiency in the factory, as well as predictive maintenance. For instance, FANUC Corporation introduced the AI path control function in its ARC Mate cutting and welding robots in May 2020, to allow the robots to find their own path on the factory floor using machine learning, AI, and acceleration sensors.
With such advancements, manufacturers are now using a variety of modular robots, including articulated, selective compliance assembly robot arm (SCARA), cartesian, collaborative, parallel, spherical, and cylindrical modular robots. Among these, articulated variants are the most popular because of their ability to handle heavy parts and components in the automotive, plastics, rubber, food & beverages, chemicals, and mining & metal industries. Apart from these, collaborative modular robots are witnessing rapid adoption in factories, as they help reduce the involvement of humans even in the tasks where conventional robots need to work with people.
Therefore, on account of the burgeoning manufacturing activities and the need to make them faster and cost-efficient, Asia-Pacific (APAC) has been the largest modular robotics market till now. Led by China, Japan, South Korea, and India, APAC accounts for the highest industrial output in the world. In addition, governments here are taking steps to improve their manufacturing infrastructure in order to boost exports. Some of these steps are the Made in China 2025, Make in India, and Making Indonesia 4.0 initiatives.
Hence, as governments continue to pour millions into the advancement of their manufacturing sector, the demand for modular robots will keep rising.
From $9.32 trillion in 2009, the manufacturing output, value-added, rose sharply to $13.672 trillion in 2019, as per the World Bank. This reflects both the burgeoning demand for every type of product, on account of the booming population, and the continuous advancements the manufacturing industry is undergoing to meet it. One of the best ways to boost productivity is automation, as it speeds up the process and makes it almost non-stop.
To download free sample pages of this report@ https://www.psmarketresear...
Thus, with the Industrial 4.0 revolution sweeping across the world, P&S Intelligence expects the modular robotics market revenue to grow from $5.6 billion in 2019 to $15.1 billion by 2030, at a 9.9% CAGR between 2020 and 2030. Most large factories have robots to handle repetitive and critical processes, which also helps reduce companies’ operational expenditure. Robots are precise, can work throughout the day, and do not require salaries and fixed off days. However, since a factory may need an array of robots for different tasks, industrial automation can increase the initial capital investments.
As a result, manufacturers have begun integrating modular robots into their operations, as these systems can change their shape and size automatically, by changing the position of their individual active and passive components, much like in the Transformers movies. Thus, one robot can function in an array of settings within a factory, by reconfiguring itself, which could help companies save on capital expenditure and make the overall manufacturing process cheaper. This, in turn, would help industrialists reduce the prices of their end products and gain a wider consumer base.
With countries around the world investing in the advancement of their industrial sector to become a manufacturing hub, modular robots are being further improved via the integration of artificial intelligence (AI). Many companies in the robotics sector are now integrating AI in such products to analyze real-time operational data for better efficiency in the factory, as well as predictive maintenance. For instance, FANUC Corporation introduced the AI path control function in its ARC Mate cutting and welding robots in May 2020, to allow the robots to find their own path on the factory floor using machine learning, AI, and acceleration sensors.
With such advancements, manufacturers are now using a variety of modular robots, including articulated, selective compliance assembly robot arm (SCARA), cartesian, collaborative, parallel, spherical, and cylindrical modular robots. Among these, articulated variants are the most popular because of their ability to handle heavy parts and components in the automotive, plastics, rubber, food & beverages, chemicals, and mining & metal industries. Apart from these, collaborative modular robots are witnessing rapid adoption in factories, as they help reduce the involvement of humans even in the tasks where conventional robots need to work with people.
Therefore, on account of the burgeoning manufacturing activities and the need to make them faster and cost-efficient, Asia-Pacific (APAC) has been the largest modular robotics market till now. Led by China, Japan, South Korea, and India, APAC accounts for the highest industrial output in the world. In addition, governments here are taking steps to improve their manufacturing infrastructure in order to boost exports. Some of these steps are the Made in China 2025, Make in India, and Making Indonesia 4.0 initiatives.
Hence, as governments continue to pour millions into the advancement of their manufacturing sector, the demand for modular robots will keep rising.
