The Middle East & North Africa Water Pumps Market is anticipated to grow at a CAGR of around 3.81% in 2022-27, according to MarkNtel Advisors in their recent research report. The installation of wastewater treatment plants has grown significantly in the MENA region due to the growing need for recycling wastewater to combat water crisis scenarios in Saudi Arabia, Oman, Sudan, Egypt, etc. The rising temperature in the Middle East & North Africa region and the prevalence of epidemics such as cholera, diarrhea, dysentery, etc., caused by contaminated water has also been the prime reason for installing the water treatment plant. Apart from drinking purposes, the treated wastewater has also been supplied to construction sites, the agriculture sector, etc. Thus, the growing need & delivery of water would require a huge number of pumps, which would surge the market of water pumps in the Middle East & Africa regions.
Furthermore, wastewater treatment plants include structures for the sedimentation of water, rapid filtration of water, and the application of chemicals to ensure that the water is safe to drink. Therefore, the installation of these tanks in the plant requires different types of water pumps such as centrifugal pumps, positive displacement pumps, and overhung pumps, which have fuelled the market for water pumps in the Middle East & North Africa regions. Besides, Crude oil price volatility negatively affected the sale of water pumps in the region. In early 2022, the price of crude oil skyrocketed, owing to the military conflict between Russia & Ukraine. The crash occurred from a record high in Q1 2014 to a historic low in 2021.
Moreover, the surging investment by the government in the construction of wastewater treatment plants has beefed up the market of water pumps in the Middle East & Africa region. For instance, in 2019, the Algerian government announced that it would invest approximately USD4.03 billion in the construction of a wastewater treatment plant in the city of Béchar, Algeria, and it is expected to be completed by 2023.
Water Pumps Market to be Dominated by Centrifugal Pumps
Based on type, the market is divided into Centrifugal Pumps & Positive Displacement Pumps. Among them, the Centrifugal pump held a significant share during the historical years, owing to its simple design & capability to discharge maximum fluid by exerting more pressure. However, the demand has primarily been generated due to the growth of the industries such as oil & gas, dairy, food & beverages, construction, etc.
Additionally, the surging construction of residential, commercial & industrial buildings and the expansion of infrastructural projects in countries such as the UAE, Qatar, Egypt, etc., have proliferated the market of centrifugal pumps in the region. For instance, the expansion of Istanbul Airport in Turkey is expected to be completed by 2028, with an investment of around USD5.8 billion, which would require a heavy number of water pumps to sustain the immense construction activities.
Besides, the national governments have played a significant role in the expansion of oil & gas industries through their continuous investment in the projects.
Saudi Arabia is Poised to Witness Significant Growth During the Forecast Period
The market for water pumps in Saudi Arabia witnessed considerable growth during the historical period. The presence of oil & gas companies and large crude oil reserves drove the market for water pumps. Furthermore, the government's increasing initiatives & investments in the oil & gas industries have spurred the demand for water pumps in the region. Additionally, the region witnessed a significant surge in the development of infrastructure projects, which will lead to the growth of the region's water pumps market.
Moreover, after the outbreak of COVID-19, the demand for water pumps is anticipated to increase significantly in Saudi Arabia as a result of an increase in the construction of residential & commercial buildings, wastewater treatment plants, chemical plants, etc., reveals MarkNtel Advisors in their research report, the "Middle East & North Africa Water Pumps Market Analysis, 2022."
Leading Companies in the Market
According to MarkNtel Advisors, the leading players in the Middle East & North Africa Water Pumps Market are Flowserve Corporation, Sulzer Limited, IDEX, Dover, Ebara, SPX Flow, Kirloskar Brothers Limited (KBL), Grundfos, Xylem Inc, KSB Group, Wilo, ITT Inc., Torishima Pump MFG. Co. LTD.
Key Questions Answered in the Study