Middle East and Africa Filters and Components Market - Industry Trends and Forecast to 2027

Viratpatil28 Oct, 2022Travel

Middle East and Africa filters & components market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with the CAGR of 16.6% in the forecast period of 2020 to 2027 and expected to reach USD 2,946.29 million by 2027. Increasing industrialisation in gulf countries and demand of high speed internet is augmenting the market growth. Increasing industrialisation in the Middle Eastern countries specifically in gulf region is augmenting the market growth. Owing to rising industrialisation new solution providers or existing ones are expanding their reach for the market. For instance, in February 2019, STC and Ericsson announced the launch of 5G network for Saudi Arabia market. The rising deployment of the 5G network increases the demand for commercial hardware and solutions which is driving the market growth.

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