Global Distributed Energy Resource Management System MARKET By Others
Global hydraulic component market [2018-2026] Middle East and Africa by End-Use
By End-Use, the market is segmented into Middle East and Africa, South Africa, Rest of Middle East and Africa, Saudi Arabia, and UAE (2018-2026)
| Label | Middle East and Africa | South Africa | Rest of Middle East and Africa | Saudi Arabia | UAE |
|---|---|---|---|---|---|
| 2018 | 4424.508988 USD Mn | 593.3637564 USD Mn | 1212.370532 USD Mn | 1526.883215 USD Mn | 1091.891484 USD Mn |
| 2019 | 4591.92 USD Mn | 611.643744 USD Mn | 1259.563656 USD Mn | 1588.80432 USD Mn | 1131.90828 USD Mn |
| 2020 | 4767.750116 USD Mn | 630.7626969 USD Mn | 1309.166279 USD Mn | 1653.916186 USD Mn | 1173.904954 USD Mn |
| 2021 | 4960.865882 USD Mn | 651.8659449 USD Mn | 1363.623034 USD Mn | 1725.321754 USD Mn | 1220.055149 USD Mn |
| 2022 | 5171.841816 USD Mn | 674.9853258 USD Mn | 1423.107126 USD Mn | 1803.263797 USD Mn | 1270.485567 USD Mn |
| 2023 | 5396.484788 USD Mn | 699.5332249 USD Mn | 1486.479194 USD Mn | 1886.319927 USD Mn | 1324.152443 USD Mn |
| 2024 | 5655.722825 USD Mn | 728.1717026 USD Mn | 1559.522025 USD Mn | 1981.855341 USD Mn | 1386.173757 USD Mn |
| 2025 | 5928.328666 USD Mn | 758.0995596 USD Mn | 1636.406461 USD Mn | 2082.498721 USD Mn | 1451.323924 USD Mn |
| 2026 | 6215.032628 USD Mn | 789.3791945 USD Mn | 1717.346159 USD Mn | 2188.536738 USD Mn | 1519.770537 USD Mn |
Data Source: Wantstats Repository
Market Dynamics
Saudi Arabia accounted for the largest market share in 2019 in the Middle East and Africa hydraulic component market, and is expected to reach USD 2188.54 Million in 2026 from USD 1588.80 Million in 2019.This market is projected to grow at a CAGR of 4.78% during the forecast period from 2020 - 2026. mobile segment accounted for the larger market share in 2019, this market is expected to reach USD 3533.10 Million in 2026 from USD 2661.00 Million in 2019. This market is projected to grow at a CAGR of 4.23% during the forecast period from 2020 - 2026. However, industrial segment is the fastest growing market, which is expected to grow at a CAGR of 4.90% during the forecast period 2020 - 2026. construction segment accounted for the largest market share in 2019, this market is expected to reach USD 1735.00 Million in 2026 from USD 1236.10 Million in 2019. This market is projected to grow at a CAGR of 5.05% during the forecast period from 2020 - 2026. cylinder segment accounted for the largest market share in 2019, this market is expected to reach USD 1970.40 Million in 2026 from USD 1427.60 Million in 2019. This market is projected to grow at a CAGR of 4.81% during the forecast period from 2020 - 2026.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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