Transportation Segment to Dominate MEA Small ICE Market during 2019-2027
According to this research study titled “MEA Small ICE Market to 2027 - COVID-19 Impact and Regional Analysis and Forecast by Fuel Type, Cylinders, Power Output Range and End User,” the market is expected to reach US$ 289.39 million by 2027 from US$ 209.98 million in 2020. The market is estimated to grow at a CAGR of 4.7% from 2020 to 2027. The report provides trends prevailing in the MEA small ice market along with the drivers and restraints pertaining to the market growth. Emulsion of Turbocharging and Remote Monitoring are the major factor driving the growth of the MEA small ice market. However, issues associated with the Inclination Toward Electric Energy over Fossil Fuels hinder the growth of MEA Small Internal Combustion Engine (ICE) Market
To reduce the impact of COVID-19, the governments in the MEA region have adopted contingency plans such as complete lockdown and a 24-hour sterilization program. The introduction of lockdowns has resulted in a halt of manufacturing and transportation activities in the region. The slowdown in manufacturing and transportation activities in the region has directly impacted small ICE sales in the region. Also, most businesses in the region have come to a halt and are expected to continue slower than the usual pace. The countries are taking significant containment measures to reduce the number of infected patients. COVID-19 pandemic outbreak, which has severely affected the manufacturing and transportation industry and oil & gas industry projects, resulted in the declining sales of the small ICE in the Middle East and Africa. Several giants in the African oil & gas industry, such as ExxonMobil, Total SE, BP, and Royal Dutch, reduced their CAPEX by more than 20% in 2020. It has resulted in getting upcoming projects delayed or stalled. The decline in FDI flows across the region. However, positive demand has been noticed from ongoing renewable energy projects in the MEA region.
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The MEA small ice market is segmented based on fuel type, cylinders, power output, end-use industry, and country. Based on fuel type, the market is segmented into gasoline, diesel, and Gas. The gasoline segment is further sub segmented into compressed natural gas (CNG), liquefied petroleum gas (LPG), and liquefied natural gas (LNG). In terms of cylinders, the market is segmented into 1, 2, 3, and 4. Based on power output, the market is segmented into 1-5 kW, 6-10 kW, and 11-20 kW. In terms of end-use industry, the market is segmented into power generation, manufacturing, oil and gas, transportation, and others.
Caterpillar Inc., Kawasaki Heavy Industries, Ltd., MITSUBISHI HEAVY INDUSTRIES, LTD, Liebherr, YANMAR HOLDINGS CO., LTD., Cummins, Inc, INNIO, Wärtsilä Corporation, Rolls-Royce Holdings plc are among the leading companies in MEA small ice market ,The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, INNIO announces that the acquisition of ECI-Distribution GmbH and PowerUp GmbH, announced on November 4, 2020, has been completed effective December 1, 2020. The energy technology company ECI-Distribution GmbH, which was acquired by INNIO, covers numerous parts of the gas engine value chain. They produce state-of-the-art components for reducing emissions and increasing the efficiency of gas engines. Founded in 2014, the company also has a worldwide distribution network.\
The report segments the MEA Small ICE Market as follows:
Small ICE Market - By Fuel Type
Small ICE Market - By Gas Type
Small ICE Market - By Cylinder
Small ICE Market - By Power Output
Small ICE Market - By End-Use Industry
Small ICE Market - By Country
To reduce the impact of COVID-19, the governments in the MEA region have adopted contingency plans such as complete lockdown and a 24-hour sterilization program. The introduction of lockdowns has resulted in a halt of manufacturing and transportation activities in the region. The slowdown in manufacturing and transportation activities in the region has directly impacted small ICE sales in the region. Also, most businesses in the region have come to a halt and are expected to continue slower than the usual pace. The countries are taking significant containment measures to reduce the number of infected patients. COVID-19 pandemic outbreak, which has severely affected the manufacturing and transportation industry and oil & gas industry projects, resulted in the declining sales of the small ICE in the Middle East and Africa. Several giants in the African oil & gas industry, such as ExxonMobil, Total SE, BP, and Royal Dutch, reduced their CAPEX by more than 20% in 2020. It has resulted in getting upcoming projects delayed or stalled. The decline in FDI flows across the region. However, positive demand has been noticed from ongoing renewable energy projects in the MEA region.
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The MEA small ice market is segmented based on fuel type, cylinders, power output, end-use industry, and country. Based on fuel type, the market is segmented into gasoline, diesel, and Gas. The gasoline segment is further sub segmented into compressed natural gas (CNG), liquefied petroleum gas (LPG), and liquefied natural gas (LNG). In terms of cylinders, the market is segmented into 1, 2, 3, and 4. Based on power output, the market is segmented into 1-5 kW, 6-10 kW, and 11-20 kW. In terms of end-use industry, the market is segmented into power generation, manufacturing, oil and gas, transportation, and others.
Caterpillar Inc., Kawasaki Heavy Industries, Ltd., MITSUBISHI HEAVY INDUSTRIES, LTD, Liebherr, YANMAR HOLDINGS CO., LTD., Cummins, Inc, INNIO, Wärtsilä Corporation, Rolls-Royce Holdings plc are among the leading companies in MEA small ice market ,The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, INNIO announces that the acquisition of ECI-Distribution GmbH and PowerUp GmbH, announced on November 4, 2020, has been completed effective December 1, 2020. The energy technology company ECI-Distribution GmbH, which was acquired by INNIO, covers numerous parts of the gas engine value chain. They produce state-of-the-art components for reducing emissions and increasing the efficiency of gas engines. Founded in 2014, the company also has a worldwide distribution network.\
The report segments the MEA Small ICE Market as follows:
Small ICE Market - By Fuel Type
- Gasoline
- Diesel
- Gas
Small ICE Market - By Gas Type
- CNG
- LPG
- LNG
Small ICE Market - By Cylinder
- 1
- 2
- 3
- 4
Small ICE Market - By Power Output
- 1-5 kW
- 6-10 kW
- 11-20 kW
Small ICE Market - By End-Use Industry
- Power Generation
- Manufacturing
- Oil and Gas
- Transportation
- Others
Small ICE Market - By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
Table of Contents
1. Introduction
3. Research Methodology
4. Market Landscape
5. MEA Small Internal Combustion Engine Market - Key Market Dynamics
6. Small Internal Combustion Engine Market - MEA Analysis
7. MEA Small Internal Combustion Engine Market Analysis 2027 - by Fuel Type
8. MEA Small Internal Combustion Engine Market Analysis 2027- By Cylinders
9. MEA Small Internal Combustion Engine Market Analysis 2027 - by Power Output
10. MEA Small Internal Combustion Engine Market Analysis 2027- By End User
11. Small Internal Combustion Engine Market - Country Analysis
12. Impact of COVID-19 Pandemic on MEA Small ICE Market
13. Industry Landscape
14. Company Profiles
15. Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Caterpillar Inc.
- Kawasaki Heavy Industries, Ltd.
- MITSUBISHI HEAVY INDUSTRIES, LTD
- Liebherr
- YANMAR HOLDINGS CO., LTD.
- Cummins, Inc
- INNIO
- Wärtsilä Corporation
- Rolls-Royce Holdings plc
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 106 |
| Published | June 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 209.98 Million |
| Forecasted Market Value ( USD | $ 289.39 Million |
| Compound Annual Growth Rate | 4.7% |
| Regions Covered | Africa, Middle East |
