Report : Middle East and Africa Mechanical Pump Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Stage (Single Stage and Multi Stage), Type (Positive Displacement and Centrifugal Pumps), and Application (Industrial, Commercial, and Residential)
Single Stage Segment to Dominate Middle East & Africa Mechanical Pump Market during 2019–2028
According to a new market research study on “Middle East & Africa Mechanical Pump Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Stage, Type, and Application,” is expected to reach US$ 4,692.27 million by 2028 from US$ 3,136.44 million in 2021. The market is estimated to grow at a CAGR of 5.9% from 2021 to 2028. Growth in construction sector is the major factor driving the growth of the Middle East & Africa mechanical pump market. However, cavitation in pumps may hinder the growth of Middle East & Africa mechanical pump market. The report provides trends prevailing in the Middle East & Africa mechanical pump market along with the drivers and restraints pertaining to the market growth.
The major countries in the Middle East & Africa facing the economic impact of the 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 Asia Pacific; 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 mechanical pump market in the Middle East & Africa due to escalating adoption of the IIoT for mechanical pumps and many oil refineries 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 mechanical pump market growth to a certain extent.
The Middle East & Africa mechanical pump market is segmented into stage, type, application, and country. Based on stage, the mechanical pump market is segmented into single stage and multistage. In 2020, the single stage segment held the largest share Middle East & Africa mechanical pump market. Based on type, the mechanical pump market is categorized into positive displacement and centrifugal pumps. In 2020, the centrifugal pumps segment held the largest share Middle East & Africa mechanical pump market. Based on application, the mechanical pump market is segmented into residential, commercial, and industrial. In 2020, the industrial segment held the largest share Middle East & Africa mechanical pump market. On the basis of country, the mechanical pump market is segmented into South Africa, Saudi Arabia, UAE, and rest of MEA. The rest of MEA accounts for largest market share in the 2020.
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 Middle East & Africa mechanical 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, Grundfos Holding A/S started the construction work of expanding its India facility in Serbia. Upon completion the around 17,000 new square meters would be added to the facility.
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