Quick Overview of the Middle East & North Africa (MENA) Centrifugal Water Pumps Market Analysis
The Middle East & North Africa (MENA) Centrifugal Water Pumps Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.
Detailed Analysis of Middle East & North Africa (MENA) Centrifugal Water Pumps Industry (2024-30): Reveals Further Growth &Market Expansion
According to the most recent study, the Middle East & North Africa (MENA) Centrifugal Water Pumps Market size was valued at around USD 8.9 billion in 2023 & is estimated to reach around 12.5 billion by 2030. The market is expected to grow at a CAGR of around 5.8% during the forecast period, i.e., 2024-30. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2024-30.
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Middle East & North Africa (MENA) Centrifugal Water Pumps Market Challenge:
Fluctuating Raw Materials Price & Increasing Inflation Rate to Hinder Market Growth – The high inflation in the region is causing volatility in raw material prices, and impacting all the sectors with rising prices and unstable raw material costs. The high oil price in the region led by the Russia-Ukraine war hit the overall import-export balance and added to the high interest rates. The fluctuations in raw material prices are driven by many economic reasons, such as the Israel–Palestine war and political instability in various regional economies. These variations adversely affect the market players by making it difficult for them to decide the accurate prices of pumps in the market.
Middle East & North Africa (MENA) Centrifugal Water Pumps Market Segmentation Analysis
-By Type
- Overhung Pumps- Market Size & Forecast 2019-2030, USD Million
- Split Case Pumps- Market Size & Forecast 2019-2030, USD Million
- Vertical Pumps- Market Size & Forecast 2019-2030, USD Million
- Submersible Pumps- Market Size & Forecast 2019-2030, USD Million
-By Operation Type
- Electrical- Market Size & Forecast 2019-2030, USD Million
- Hydraulic- Market Size & Forecast 2019-2030, USD Million
- Air- Driven- Market Size & Forecast 2019-2030, USD Million
-By End User
- Residential- Market Size & Forecast 2019-2030, USD Million
- Commercial- Market Size & Forecast 2019-2030, USD Million
- Industrial- Market Size & Forecast 2019-2030, USD Million
- Agriculture and Irrigation- Market Size & Forecast 2019-2030, USD Million
Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/mena-centrifugal-water-pumps-market.html
Geographical Analysis:
-By Country
- The UAE
- Saudi Arabia
- Turkey
- Qatar
- Oman
- Egypt
- Bahrain
- Kuwait
- Israel
- Iraq
- Algeria
- Morocco
- Rest of the Middle East and North Africa (MENA)
From all of these, Saudi Arabia is expected to remain a prevailing market for Centrifugal Water Pumps during the forecast period. Saudi Arabia’s centrifugal water pumps industry is driven by huge investments in the establishment of new businesses and industrial hubs, with the aim of economic diversification and rapid economic growth. For the efficient functioning of businesses and development projects, proper water supply is essential, for which investments are increasing in water and wastewater projects. Along with it, the country has a large number of oil & gas reserves, where various multistage pumping applications fuel the demand for centrifugal pumps.
Key Players and Competitive Strategies in the Middle East & North Africa (MENA) Centrifugal Water Pumps Market
The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such as:
- PSG Dover
- Ebara Corporation
- Flowserve Corporation
- Grundfos Gulf Distribution FZE
- ITT Inc.
- Kirloskar Brothers Limited (KBL)
- KSB SE & Co. KGaA
- SPX FLOW, Inc.
- Sulzer Management Ltd.
- Torishima Pump MFG. Co. LTD.
- Baker Hughes Company
- WILO SE
- Parker Hannifin Corp.
- Weir Group PLC
- Xylem Inc.
- Others
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Middle East & North Africa (MENA) Centrifugal Water Pumps Industry Recent Development:
- 2023: Baker Hughes Company has launched a new reinforced thermoplastic pipe technology which will reduce the time to first production, lower the lifecycle emissions, and enable quick installation.
- 2023: Kirloskar Brothers Limited (KBL) has launched a new avatar of the “Lifter” series, that are particularly made for shallow pumps, having a strong performance with high suction lift and energy efficiency.
Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the globe?
- How has the industry been evolving in terms of geography and product adoption?
- How has the competition been shaping up across various regions?
- How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2024-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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