Middle East and Africa Sulfur Hexafluoride Market to Grow at a CAGR of 3.9% to reach US$ 27.62 Million from 2020 to 2027

Middle East and Africa Sulfur Hexafluoride Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Grade (Electronic Grade, UHP Grade, and Standard Grade), End-user (Power and Energy, Electronics, Metal Manufacturing, Medical and Others)

Publication Month : Sep 2020

  • Report Code : TIPRE00014321
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 70
Inquire Before Buy

PRICING

$3000

$1800

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.

South Africa, Saudi Arabia, UAE, and Rest of MEA are the major economies in MEA. Sulfur Hexafluoride (SF6) is mainly used in electric-power industry. Sulfur hexafluoride possesses excellent properties that make it compatible with electrical appliances. The thermal stability and high dielectric strength of Sulfur hexafluoride proffer outstanding cooling and insulating properties. The application of Sulfur hexafluoride in the form of a dielectric medium in capacitors, switchgear, circuit breakers, and other electric appliances is a factor driving the growth of MEA Sulfur hexafluoride market. Many appliances having an operating range of 33 KV to 800 KV can be made with the help of Sulfur hexafluoride. These appliances are utilized in the power and energy generation plants, which further propels the demand for Sulfur hexafluoride in the energy and power industries. Sulfur hexafluoride allows simplified designs of medium and high voltage switchgear owing to its size & weight reduction, reliable handling, and maintenance. The use of Sulfur hexafluoride in place of other conventional dielectric providers enables space savings, low weight, and operational safety of the equipment. The high molar heat capacity, together with low viscosity enables Sulfur hexafluoride to transfer heat effectively. Besides this the ability of Sulfur hexafluoride to be chemically inert, non-flammable, non-toxic, non-corrosive and remain gaseous even at low temperature is expected to create a significant demand for electric instruments in the coming years, which is further anticipated to drive the sulfur hexafluoride market in MEA.

However, the outbreak of COVID-19 is expected to get worse in coming months affecting the economic stability of MEA. Although, UAE is the leading raw material supplier for various industries and manufacturing hub, it is the worst affected country due to COVID-19 outbreak in MEA where business operations were ceased due to lockdown. Several governments across MEA are taking major actions such as travel bans, business shutdowns, and lockdowns to mitigate the COVID-19 outbreak, which on the other hand is affecting the revenue generation and growth opportunities in MEA.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Considering these factors is likely to drive the MEA sulfur hexafluoride market is expected to grow at a good CAGR during the forecast period.

MEA Sulfur Hexafluoride Market Revenue and Forecast to 2027 (US$ Mn)

MEA Sulfur Hexafluoride Market Revenue and Forecast to 2027 (US$ Mn)
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities

MEA Sulfur Hexafluoride Market Segmentation

MEA Sulfur Hexafluoride Market – By Grade

  • Electronic Grade
  • UHP Grade
  • Standard Grade

MEA Sulfur Hexafluoride Market – By End User

  • Power and Energy
  • Electronics
  • Metal Manufacturing
  • Medical
  • Others

MEA Sulfur Hexafluoride Market, by Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

MEA Sulfur Hexafluoride Market-Companies Mentioned

  • Linde plc
  • Iwatani Corporation
  • Air Liquide
  • Solvay S.A.
  • SHOWA DENKO K.K.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Grade, End-user

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Saudi Arabia

The List of Companies - Middle East and Africa Sulfur Hexafluoride Market 

  1. Linde Plc
  2. Iwatani Corporation
  3. Air Liquide
  4. Solvay S.A.
  5. SHOWA DENKO K.K.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Middle East and Africa Sulfur Hexafluoride Market