Middle East and Africa Sulfur Hexafluoride Market
Sulfur hexafluoride (SF6) is defined as a non-toxic, inert, potent greenhouse gas that possesses superior electrical insulation characteristics. The sulfur hexafluoride chemical formula is SF6 and constitutes one sulfur atom surrounded by six fluorine atoms. The gas is known for its chemical inertness, non-toxicity, non-combustibility, and non-corrosiveness primarily used as an insulating and arc interrupting agent in the power transmission & distribution sector and as an etching agent in the electronics & semiconductor sector. It is a colorless and odorless gas that is five times heavier than air and exhibits high dielectric strength and thermal stability. SF6 is extensively demanded in power energy, electronic, medical, aerospace, meteorology, and other industrial bases. Thus, the growth in the medical instruments sector is expected to create a significant demand for sulfur hexafluoride in the coming years, which is further anticipated to drive the sulfur hexafluoride market.
Strategic insights for the Middle East and Africa Sulfur Hexafluoride 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 2019 | US$ 20.32 Million |
| Market Size by 2027 | US$ 27.62 Million |
| Global CAGR (2020 - 2027) | 3.9% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Grade
|
| Regions and Countries Covered | Middle East and Africa
|
| Market leaders and key company profiles |
The geographic scope of the Middle East and Africa Sulfur Hexafluoride 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 sulfur hexafluoride market in MEA is expected to grow from US$ 20.32 million in 2019 to US$ 27.62 million by 2027; it is estimated to grow at a CAGR of 3.9% from 2020 to 2027. Sulfur hexafluoride possesses excellent properties that make it compatible with electrical appliances. The electric power industry utilizes about 80% of Sulfur hexafluoride produced worldwide. There are several factors affecting the Sulfur hexafluoride emissions, such as the type and age of equipment containing Sulfur hexafluoride, handling and maintenance methods, or procedures practiced by electric utilities. The electric power industry has decided to reduce the nationwide emission of Sulfur hexafluoride by upgrading equipment and adoption of cost-effective operational improvements. The emissions can be mitigated by improving the leak rate of new equipment, refurbishing older equipment and using more efficient maintenance and operation techniques. Thus, the sulfur hexafluoride market offer future growth opportunities for market players operating in the MEA market as the need for electric power are increasing in several industries. This is bolstering the growth of the sulfur hexafluoride market.
The presence of emerging economies backed by industrialization, large population, and increasing disposal income in MEA are the major factors propelling the growth of the sulfur hexafluoride market. However, the outbreak of COVID-19 is expected to affect the economic growth of the MEA region. Although, UAE is the leading manufacturing hub and raw material supplier of various industries, it is one the worst hit countries in MEA, where business activities were ceased due to nationwide lockdown. Other leading manufacturing economies like South Africa and Saudi Arabia were also hit severely. Various measure such as travel bans, business shutdowns, and lockdown are taken by the governments across MEA to control the COVID-19 outbreak.
In terms of grade type, the electronic grade segment accounted for the largest share of the MEA Sulfur Hexafluoride market in 2019. Further, the Power and Energy segment held a larger share of the market based on end user in 2019.
A few major primary and secondary sources referred to for preparing this report on the sulfur hexafluoride market in MEA are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Linde plc, Iwatani Corporation, Air Liquide, Solvay S.A., and SHOWA DENKO K.K. among others.
The List of Companies - Middle East and Africa Sulfur Hexafluoride Market
The Middle East and Africa Sulfur Hexafluoride Market is valued at US$ 20.32 Million in 2019, it is projected to reach US$ 27.62 Million by 2027.
As per our report Middle East and Africa Sulfur Hexafluoride Market, the market size is valued at US$ 20.32 Million in 2019, projecting it to reach US$ 27.62 Million by 2027. This translates to a CAGR of approximately 3.9% during the forecast period.
The Middle East and Africa Sulfur Hexafluoride 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 Sulfur Hexafluoride Market report:
The Middle East and Africa Sulfur Hexafluoride 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 Sulfur Hexafluoride Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Sulfur Hexafluoride Market value chain can benefit from the information contained in a comprehensive market report.
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