Global MENA Oil & Gas Turbomachinery Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Generator Type;

Turbo compressors, Steam Turbines, Gas Turbines, Turbochargers, Generators, and Others.

By Deployment;

Onshore and Offshore

By Industry;

Upstream, Midstream, and Downstream

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn847649108 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global MENA Oil & Gas Turbomachinery Market (USD Million), 2021 - 2031

In the year 2024, the Global MENA Oil & Gas Turbomachinery Market was valued at USD 10461.08 million. The size of this market is expected to increase to USD 13766.07 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.

The Global MENA Oil & Gas Turbomachinery Market is witnessing significant growth, driven by the increasing demand for energy and the expansion of oil and gas infrastructure in the Middle East and North Africa (MENA) region. Turbomachinery plays a critical role in various stages of oil and gas production, including exploration, extraction, transportation, refining, and distribution. This report provides an in-depth analysis of the MENA oil and gas turbomachinery market, covering various market segments and offering insights into revenue trends for both historic and forecast periods.

The MENA region is a key player in the global oil and gas industry, accounting for a significant share of global oil and gas reserves and production. Countries such as Saudi Arabia, the United Arab Emirates, Qatar, and Kuwait are major producers and exporters of oil and gas, driving the demand for turbomachinery equipment and services. With increasing investments in oil and gas infrastructure, including refineries, petrochemical plants, liquefied natural gas (LNG) facilities, and pipeline networks, the demand for turbomachinery in the MENA region is expected to witness significant growth in the coming years.

The report covers various segments of the Global MENA Oil & Gas Turbomachinery Market, including Turbocompressors, Steam Turbines, Gas Turbines, Turbochargers, Generators, and Others. Each segment is meticulously examined, and the analysis is supported by relevant data points, facilitating a comprehensive assessment of market dynamics and emerging trends. With a focus on data-driven analysis, the report delivers valuable insights into the landscape of the Global MENA Oil & Gas Turbomachinery Market, empowering stakeholders to identify promising opportunities and devise strategies to capitalize on them.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Generator Type
    2. Market Snapshot, By Deployment
    3. Market Snapshot, By Industry
    4. Market Snapshot, By Geography
  4. Global MENA Oil & Gas Turbomachinery Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Energy
        2. Expansion of Refining and Petrochemical Industries
        3. Technological Advancements in Turbomachinery
        4. Rising Investments in Oil and Gas Infrastructure
        5. Growing Focus on Enhanced Oil Recovery Techniques
      2. Restraints
        1. Competition from Renewable Energy Sources
        2. Geopolitical Uncertainties in MENA Region
        3. Fluctuations in Global Economic Conditions
        4. High Initial Investment Costs
        5. Operational Challenges in Harsh Environments
      3. Opportunities
        1. Technological Advancements in Turbomachinery
        2. Increasing Investments in Oil and Gas Exploration and Production
        3. Growing Demand for LNG as a Fuel
        4. Expansion of Petrochemical Industry
        5. Adoption of Digital Solutions and IoT Technologies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bragaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global MENA Oil & Gas Turbomachinery Market, By Generator Type, 2021 - 2031 (USD Million)
      1. Turbocompressors
      2. Steam Turbines
      3. Gas Turbines
      4. Turbochargers
      5. Generators
      6. Others
    2. Global MENA Oil & Gas Turbomachinery Market, By Deployment, 2021 - 2031 (USD Million)
      1. Onshore
      2. Offshore
    3. Global MENA Oil & Gas Turbomachinery Market, By Industry, 2021 - 2031 (USD Million)
      1. Upstream
      2. Midstream
      3. Downstream
    4. Global MENA Oil & Gas Turbomachinery Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. General Electric Company
      2. Mitsubishi Heavy Industries, Ltd.
      3. Baker Hughes Company
      4. Dresser-Rand Group Inc. (Siemens Energy)
      5. MAN Energy Solutions SE
      6. Solar Turbines Incorporated (Caterpillar Inc.)
  7. Analyst Views
  8. Future Outlook of the Market