Press Release

A USD 8.9 Billion Middle East & North Africa (MENA) Centrifugal Water Pumps Market to Accelerate at a CAGR of Around 5.8% During 2024-30

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 anticipated to grow at a CAGR of around 5.8% during the forecast period, i.e., 2024-30, cites MarkNtel Advisors in their recent research report.

The main function of the centrifugal water pumps is to move the fluid, with the help of impellers which keep on rotating, these impellers also help in the entry of fluid through vane tips and after that, the fluid is discharged by centrifugal force. Mineral extraction along with the mining industry has always been the consistent seeker of centrifugal pumps. All the major types of industries, require to use of the minerals which are extracted by this industry. Most of the activities during mining need water pumps, some of these activities are with the help of cooling equipment balancing the temperature, and transporting the ore waste in the landfills or holes, which is driving the growth of the MENA Centrifugal Water Pumps Market.

However, the region is so close to the most disputed areas like Israel and Palestine, which keep on impacting the regional economies, and disturb the supply chain for raw materials, which leads to shortages and higher prices sometimes.  For instance, the ongoing war between Russia and Ukraine affected the oil prices in the region, leading to high prices and, it also results in high inflation. All these activities led to unstable raw material prices and high inflation, which became a restraint for the key players in the market of centrifugal water pumps.

These days the installation of solar water pumps is increasing, they are easy to maintain, and even the maintenance cost can be saved with the installation of solar pumps, they also help cut the consumption of diesel and provide high quantities of water. Solar pumps are promoted by the governments as well and they are aligned with the goal of sustainable development and cutting CO2 emissions. Moreover, the region is lacking in the proper availability of water resources compared to the population on the land area, therefore to maintain the balance between demand and supply, local governments are increasingly investing in projects that are helpful in water and wastewater management, which is another aspect fuelling the demand for centrifugal water pumps across the MENA countries, further states the research report, “Middle East & North Africa (MENA) Centrifugal Water Pumps Market Analysis, 2024.”

Segmentation Analysis

Industrial Segment Holds the Largest Market Share

Based on the end-user, the market is further bifurcated into residential, commercial, industrial, agriculture & irrigation, etc. The industrial sector held the largest share of the Middle East & North Africa (MENA) Centrifugal Water Pumps Market in recent times and is also expected to hold the same in the coming years as well. Some of the industries that require water pumps are power generation, oil & gas, water & wastewater treatment, and mining, and the related activities are mineral processing, dewatering plants, cooling, etc. Also, these industries require huge amounts of water for many activities, which contributes to the largest share of centrifugal water pumps in the industrial sector.

 Saudi Arabia to Lead the Centrifugal Water Pumps Industry

The largest market share over the forecast period is expected to be held by Saudi Arabia in the centrifugal water pump industry across the MENA countries. The centrifugal water pump market in the region is driven by the setup of industrial and business hubs, economic diversification, and huge investments in these projects that are contributing to rapid economic growth. In the MENA region Saudi Arabia is working hard on economic diversification plans as a result there is a rapid growth & expansion of the industrial units. As industrial units require centrifugal water pumps for smooth functioning, chances for growth & expansion of the centrifugal water pump industry are bright in the coming years.

Competitive Landscape

With strategic initiatives such as mergers, collaborations, and acquisitions, the leading market companies, including 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., and others are looking forward to strengthening their market positions.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the MENA region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping up across various countries?
6. How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2019-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?