
Middle East & Africa Automatic Tube Cleaning System Market
No. of Pages: 91 | Report Code: TIPRE00022943 | Category: Electronics and Semiconductor
No. of Pages: 91 | Report Code: TIPRE00022943 | Category: Electronics and Semiconductor
Increasing population, infrastructure/urban development projects’ growth, extreme weather conditions, and rising healthcare concerns are among other factors compelling global, as well regional players, to invest in the automatic tube cleaning system business in the MEA. LG Electronics aims to expand its presence in this region; it aims to deliver more optimized HVAC and energy management solutions for every project to achieve the minimal total cost of ownership (TCO) for its clients that will boost the automatic tube cleaning system market growth. Ongoing developments in various commercial, residential, industrial, and institutional projects across Middle East and Africa, is anticipated to contribute to the market growth. In addition, industry leaders such as Daikin Industries, Ltd.; LG Electronics; Samsung Electronics; Panasonic Corporation; Midea Group; and Carrier Corporation, among others, are continuously involved in launching cost-effective, innovative HVAC products specific to various residential and commercial applications, further contributing to the automatic tube cleaning market growth in the MEA. Escalating number of new power projects and mounting number of desalination projects are the major factor driving the growth of the MEA automatic tube cleaning system market.
In case of COVID-19, MEA is highly affected specially countries such as Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait. It is becoming clear with the COVID-19 pandemic spreading through the above-mentioned countries that few can avoid its effects, posing major challenges for all sectors. The rising volatility of the region's power sector, as well as changing market dynamics, would have an effect on the ATCS market in the region. The outbreak of the COVID-19 has severely disrupted the supply chain and manufacturing of industrial equipment across MEA region. The emergence of COVID-19 virus across the MEA region which led to lockdown scenarios has led the industry experts to analyze that the industry would face up to a quarter of lag in industrial equipment supply chain. This disruption is expected to create tremors through 2020 till mid-2021. The manufacturing industry is likely to pick up pace sooner as governments across the MEA region lifted the various containment measure steadily to revive the economy. The production of the industrial equipment is anticipated to gain pace from 2021 which is further foreseen to positively influence the industrial equipment manufacturing including automatic tube cleaning system.
Strategic insights for the Middle East & Africa Automatic Tube Cleaning System provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 3.87 Million |
Market Size by 2028 | US$ 5.60 Million |
Global CAGR (2021 - 2028) | 5.4 % |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Type
|
Regions and Countries Covered | Middle East and Africa
|
Market leaders and key company profiles |
The geographic scope of the Middle East & Africa Automatic Tube Cleaning System refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The MEA automatic tube cleaning system market is expected to grow from US$ 3.87 million in 2021 to US$ 5.60 million by 2028; it is estimated to grow at a CAGR of 5.4 % from 2021 to 2028. Surging usage of automatic tube cleaning systems in refinery industry is expected to escalate the MEA automatic tube cleaning system market. Many processes in oil refineries suffer from heavy fouling, which affects overall plant efficiency and profitability. Increased fuel costs, elevated CO2 emissions from the fired heater, increased pumping strength, and reduced throughput and capability of processed products are all common operating costs associated with fouling in refinery heat exchangers. Fouling of crude and product streams in oil refineries is an unavoidable issue that has serious economic, environmental, and safety consequences. Fouling has always been a problem in refinery preheat train (PHT) networks, resulting in lower throughput, higher energy usage, and more frequent shutdowns. ATCS manufacturers across MEA region are offering refineries with a customizable automatic tube cleaning system to remove fouling from their machinery. Heat exchanger fouling has a major effect on profitability in refinery operations. The most important effect on profit arises when manufacturing capacity is harmed by fouling. Profits may be reduced by up to 17% in such circumstances. As a result, ATCS is gaining popularity in refineries all over the MEA region, with large no. of units in high-fouling processes like fluid catalytic cracking, coking, desalting, and wastewater treatment. These factors are expected to influence the demand for automatic tube cleaning systems across MEA region.
In terms of type, the automatic ball tube cleaning system segment accounted for the largest share of the MEA automatic tube cleaning system market in 2020. In terms of industry, the commercial space segment held a larger market share of the MEA automatic tube cleaning system market in 2020.
A few major primary and secondary sources referred to for preparing this report on the MEA automatic tube cleaning system market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Ball Tech Energy Ltd.; Conco Services LLC; Ecomax Solutions Pvt. Ltd.; Ovivo; Watco Group; and WesTech Engineering, Inc.
The Middle East & Africa Automatic Tube Cleaning System Market is valued at US$ 3.87 Million in 2021, it is projected to reach US$ 5.60 Million by 2028.
As per our report Middle East & Africa Automatic Tube Cleaning System Market, the market size is valued at US$ 3.87 Million in 2021, projecting it to reach US$ 5.60 Million by 2028. This translates to a CAGR of approximately 5.4 % during the forecast period.
The Middle East & Africa Automatic Tube Cleaning System Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Automatic Tube Cleaning System Market report:
The Middle East & Africa Automatic Tube Cleaning System Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Automatic Tube Cleaning System Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Automatic Tube Cleaning System Market value chain can benefit from the information contained in a comprehensive market report.