
Middle East and Africa Geotechnical Construction Services Market
No. of Pages: 98 | Report Code: TIPRE00028809 | Category: Manufacturing and Construction
No. of Pages: 98 | Report Code: TIPRE00028809 | Category: Manufacturing and Construction
With the escalating prices of fossil fuel energy, making it non-feasible for industrial use, organizations are heavily opting for renewable energy to leverage the benefits such as decreased operational costs and government support in the form of tax incentives and subsidies. For instance, Busch-Jaeger, a subsidiary of ABB, runs completely on solar power on sunny days. In 2018, Apple Inc. claimed that the company runs completely on renewable energy due to its commitment to climate change. Likewise, various companies are investing in the development of dedicated in-house clean energy sources by harnessing wind, solar, geothermal energy, and bioenergy. Moreover, companies are exploring options to develop new facilities or relocate their existing facilities to countries in proximity to renewable and clean energy sources. Geotechnical construction expertise plays a crucial role in setting up the infrastructure for clean energy facilities. Thus, with the growing corporate preference for the use of clean energy, the MEA geotechnical construction services market is witnessing significant growth.
In case of COVID-19, MEA is highly affected especially South Africa, followed by Saudi Arabia and the UAE. The MEA region has a smaller number of companies that offer market-specific solutions. According to the Institute of Chartered Accountants in England and Wales (ICAEW), the Middle East economy is anticipated to witness a sharp slowdown in the first half of 2020, regardless of impetus packages as well as monetary rate cuts to relax the economic setback of the COVID-19 outbreak. Further, the Middle East economy has pickup in the second half of 2021, after both demand and supply-side disruptions disappear. In the MEA, the requirement for geotechnical construction services in commercial and industrial applications is more than the residential sector, owing to major use of geotechnical construction services in industries. With the imposition of lockdown, the factories are unable to operate; therefore, there were a dip in the demand in 2020. However, as the lockdown restrictions have been lifted in 2021, the manufacturing and other industrial activities have started again. The number of factories is also growing in the region, leading to the requirements of geotechnical construction services for the factories. Therefore, this factor will have a positive impact on the growth of the geotechnical construction services market in the region.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the MEA geotechnical construction services market. The MEA geotechnical construction services market is expected to grow at a good CAGR during the forecast period.
Strategic insights for the Middle East and Africa Geotechnical Construction Services 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$ 106.26 Million |
Market Size by 2028 | US$ 178.46 Million |
Global CAGR (2021 - 2028) | 7.7% |
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 and Africa Geotechnical Construction Services 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 Middle East and Africa Geotechnical Construction Services Market is valued at US$ 106.26 Million in 2021, it is projected to reach US$ 178.46 Million by 2028.
As per our report Middle East and Africa Geotechnical Construction Services Market, the market size is valued at US$ 106.26 Million in 2021, projecting it to reach US$ 178.46 Million by 2028. This translates to a CAGR of approximately 7.7% during the forecast period.
The Middle East and Africa Geotechnical Construction Services 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 and Africa Geotechnical Construction Services Market report:
The Middle East and Africa Geotechnical Construction Services Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Geotechnical Construction Services Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Geotechnical Construction Services Market value chain can benefit from the information contained in a comprehensive market report.