Report : Middle East and Africa Centrifugal Pump Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Stage (Single Stage and Multistage), Operation Type (Electric, Hydraulic, and Air Driven), Type (Overhung Impeller, Vertically Suspended, and Between Bearing), and Sector (Oil and Gas, Chemicals and Petrochemicals, Mining, Power Generation, Automotive, Agriculture, HVAC, Wastewater Management, and Others)
Wastewater Management Segment to Dominate MEA Centrifugal Pump Market During 2021–2028
According to a new market research study on “MEA Centrifugal Pump Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Stage, Operation Type, Type, and Sector” is expected to reach US$ 3,803.48 million by 2028 from US$ 2,597.68 million in 2021. The market is estimated to grow at a CAGR of 5.6% from 2021 to 2028. The report provides trends prevailing in the MEA centrifugal pump market along with the drivers and restraints pertaining to the market growth. Growing emphasis on wastewater treatment and burgeoning adoption of modern farming practices are the major factor driving the growth of the MEA centrifugal pump market. However, cavitation problem in centrifugal pumps hinders the growth of MEA centrifugal pump market.
In case of COVID-19, MEA is highly affected especially South Africa. Other major countries in the MEA facing the economic impact of COVID-19 pandemic include Saudi Arabia, the UAE, Egypt, Morocco, and Kuwait. The region is projected to register a swift decline in exports due to lowered demands for raw materials and products from manufacturers across North America, Europe, and APAC; this can be attributed to lowered production activities and disruption of manufacturing in many countries in these regions. Irrespective of the previous projections regarding steady growth of the centrifugal pump market in the MEA due to escalating adoption of the IIoT for centrifugal pumps, and large number of oil refineries located in this region. To enhance resource utilization, improve efficiencies, and enhance worker safety, in Saudi Arabia and the UAE, the imposition of travel restrictions and disruption of supply chains are limiting the centrifugal pump market growth to a certain extent.
The MEA centrifugal pump market is segmented based on stage, operation type, type, sector, and country. Based on stage, the market is sub-segmented into single stage and multistage. The single stage segment dominated the MEA centrifugal pump market in 2020 and multistage segment is expected to be fastest growing during forecast period. Based on operation type, the market is categorized into electric, hydraulic, and air driven. The electric segment dominated the MEA centrifugal pump market in 2020 and hydraulic segment is expected to be fastest growing during forecast period. Based on type, the market is segmented into overhung impeller, vertically suspended, and between bearing. The overhung impeller segment dominated the MEA centrifugal pump market in 2020 and vertically suspended segment is expected to be fastest growing during forecast period. Based on sector, the market is segmented into oil and gas, chemicals and petrochemicals, mining, power generation, automotive, agriculture, HVAC, wastewater management, and others. The wastewater management segment dominated the MEA centrifugal pump market in 2020 and agriculture segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into the UAE, Saudi Arabia, South Africa, and rest of MEA.
EBARA CORPORATION; Grundfos Holding A/S; KIRLOSKAR BROTHERS LIMITED; KSB SE & Co. KGaA; PLEUGER INDUSTRIES; Sulzer Ltd; The Weir Group PLC; Tsurumi Manufacturing Co., Ltd.; WILO SE; and Xylem Inc. are among the leading companies in the MEA centrifugal pump 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 2021, Sulzer is increasing its presence in Denmark by building a new service center that will supply the entire region with its full range of product sales and maintenance services, all under one roof. The new location will be part of Sulzer's global network of service centers, which collaborate to provide local support backed by global knowledge.
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