Market Introduction
The mechanical pump market in the Middle East & Africa is further segmented into South Africa, Saudi Arabia, the UAE, and rest of the Middle East & Africa. Economic diversification through the establishment of new business and industrial hubs as well as increase in number of infrastructure development projects such as the Shah Sour gas field’s pipeline and Zayed City Infrastructure have fueled the growth of the mechanical pump market across the Middle Eastern countries. Further, government-imposed environmental regulations have resulted in the mandatory installation of mechanical pump in the industrial sector in the inhouse wastewater treatment plants. Future international events such as the FIFA World Cup, to be hosted by Qatar in 2022, and the World Expo, to be organized in Dubai in 2020, are likely to attract greater expenditure in infrastructure developments in the Middle East & Africa countries, which would trigger the adoption of mechanical pump in the construction sector. Further, the growing demand for freshwater in African countries such as South Africa and Nigeria would boost the performance of the mechanical pump industry in the coming years. Countries such as Saudi Arabia and the UAE are rapidly growing in terms of infrastructure and economy. These countries are also characterized by huge oil resources and water management system, which generate huge demands for mechanical pump. Thus, the mechanical pump market players are investing in the improvement of their offerings to make them cheaper and more reliable.
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.
Market Overview and Dynamics
The mechanical pump market in Middle East & Africa is expected to grow from US$ 3,136.44 million in 2021 to US$ 4,692.27 million by 2028; it is estimated to grow at a CAGR of 5.9% from 2021 to 2028. Adoption of modern farming practices; conventional farming methods are likely to fall insufficient to meet the consequently rising food demands as environmental or climatic uncertainties influence the outcomes of these methods. Modern farming practices such as vertical farming are capable of producing more yield in smaller spaces, along with using 90% less water than conventional farming practices. Moreover, growing mass awareness about the long-term effects of pesticides used in conventional farming practices has propelled the demand for organic food produce. Vertical farming uses a controlled environment, and it can be employed to grow fruits, vegetables, and species organically. Mechanical pump are widely used for circulating the water in vertical farming. Thus, the increasing adoption of vertical farming practices owing to the surging demand for organic food is anticipated to bolster the Middle East & Africa mechanical pump market in the coming years.
Key Market Segments
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.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the mechanical pump market in Middle East & Africa are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are 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.; among others.
Reasons to buy report
MIDDLE EAST & AFRICA MECHANICAL PUMP MARKET SEGMENTATION
By Stage
By Type
By Application
By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 3,136.44 Million |
| Market Size by 2028 | US$ 4,692.27 Million |
| CAGR (2021 - 2028) | 5.9% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Stage
|
| Regions and Countries Covered |
Middle East and Africa
|
| Market leaders and key company profiles |
|
The Middle East and Africa Mechanical Pump Market is valued at US$ 3,136.44 Million in 2021, it is projected to reach US$ 4,692.27 Million by 2028.
As per our report Middle East and Africa Mechanical Pump Market, the market size is valued at US$ 3,136.44 Million in 2021, projecting it to reach US$ 4,692.27 Million by 2028. This translates to a CAGR of approximately 5.9% during the forecast period.
The Middle East and Africa Mechanical Pump Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East and Africa Mechanical Pump Market report:
The Middle East and Africa Mechanical Pump Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East and Africa Mechanical Pump Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East and Africa Mechanical Pump Market value chain can benefit from the information contained in a comprehensive market report.
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