
Published On: Jan 2024
Published On: Jan 2024
At 4.3% CAGR, the Middle East & Africa Chopper Pumps Market is Projected to be worth US$ 89.17 million by 2030, says Business Market Insights
According to Business Market Insights research, the Middle East & Africa chopper pumps market was valued at US$ 63.84 million in 2022 and is expected to reach US$ 89.17 million by 2030, registering a CAGR of 4.3% from 2022 to 2030. Augmented preference for customized products and growing demand from biogas and oil & gas industries are among the critical factors attributed to the Middle East & Africa chopper pumps market expansion.
Economical cost offerings, customer-driven designs, and tailored products and solutions are major trends in the Middle East & Africa chopper pumps market. Several market players are launching their pumping technologies in new markets and competing to meet consumers' demands by presenting innovative products. Long-term alliances with suppliers and distributors are one of the major trends in the market. With ongoing trends, including size modifications, portability, and different frequency drive operation, the demand for small-sized, less noise, energy-efficient, and high-performance chopper pumps is growing rapidly. The increasing proliferation of chopper pumps with features such as replaceable chopping bars and increased operating speeds for heavy-duty plants is also anticipated to boost the market growth. Mounting energy costs and escalated environmental awareness among end users are anticipated to encourage the demand for cost-effective and energy-efficient chopper pumps.
On the contrary, high cost of maintenance hurdles the growth of Middle East & Africa industrial robotics market.
Based on type, the Middle East & Africa chopper pumps market is segmented into submersible chopper pump, cantilever chopper pump, vertical dry pit chopper pump, self-priming chopper pump, end suction chopper pump, and vertical wet well chopper pump. The submersible chopper pump segment held 30.9% share of Middle East & Africa chopper pumps market in 2022, amassing US$ 19.73 million. It is projected to garner US$ 29.78 million by 2030 to expand at 5.3% CAGR during 2022–2030.
Based on end user, the Middle East & Africa chopper pumps market is segmented into agriculture, food and beverages, water and wastewater treatment plant, chemical and petrochemical, and others. The water and wastewater treatment plant segment held 40.5% share of Middle East & Africa chopper pumps market in 2022, amassing US$ 25.85 million. It is projected to garner US$ 35.56 million by 2030 to expand at 4.1% CAGR during 2022–2030.
Based on country, the Middle East & Africa chopper pumps market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that South Africa captured 42.1% share of Middle East & Africa chopper pumps market in 2022. It was assessed at US$ 26.87 million in 2022 and is likely to hit US$ 36.12 million by 2030, exhibiting a CAGR of 3.8% during 2022–2030.
Key players operating in the Middle East & Africa chopper pumps market are Cri-Man SpA, Landia AS, Sulzer Ltd, T-T Pumps Ltd, Vaughan Co Inc, WAMGROUP SpA, and Xylem Inc, among others.
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