The Middle East & North Africa (MENA) Water Pumps Market is projected to grow at a CAGR of 3.81% in the forecast period of 2022-27, reveals MarkNtel Advisors in their recent research report. Middle East and North Africa is the most water scarce region across the globe, with less than 2% of the global fresh water reserves in 2021. In addition, rising temperature of the MENA region has caused the water crisis scenario in various countries such as Saudi Arabia, Oman, Kuwait, etc. Consequently, these circumstances have induced the need for recycling wastewater for further usage like irrigation facilities for agricultural lands. Moreover, the investments in desalination plants and wastewater treatment plants have grown extensively in the MENA region over the last few years in order to combat the water scarcity. Thus, owing to the factors aforementioned, the sales of water pumps in the MENA region witnessed significant growth in the historical years.
In addition, the rising construction projects of wastewater treatment plants in the MENA region have fueled the demand for water pumps like centrifugal pumps in recent years. Moreover, the burgeoning investments for the establishment of wastewater treatment plants have also amplified the sale of water pumps in recent years.
Centrifugal Pump to Continue its Prevalence in the Middle East & North Africa (MENA) Water Pumps Market
The MENA region water pump market bifurcates by type into centrifugal pumps and positive displacement pumps. The regional market was dominated by centrifugal pumps in 2021 due to their extensive deployment in the oil & gas, chemicals, water, and wastewater industry. Within centrifugal pumps, submersible and split case pumps grabbed the market share of more than 50% in 2021. The growth in oil & gas exploration and extraction in Saudi Arabia, UAE, Kuwait, etc., to cover up for the supply gap created by sanctions on Russia would further fuel the demand for centrifugal pumps in the region. Eventually, the centrifugal pumps are expected to register a CAGR of around 3.5% during 2022-27
Saudi Arabia to hold a Considerable Share in the MENA Water Pumps Market
In 2021, the market share of Saudi Arabia in Middle East & North Africa water pumps market exceeded well over 25%. Saudi Arabia water pumps market registered a subdued growth during 2017-21 owing to a slowdown in construction activities. The decline in government budget allocation towards infrastructure creation and reduced greenfield investments in oil and gas, tourism, etc., has also negatively impacted the growth of water pumps in Saudi Arabia. The market further nosedived due to global disruption in the supply chain owing to COVID-19. The imposition of lockdown led to the suspension of construction activities. Consequently, the sales of water pumps plummeted massively in 2020. However, the market is likely to perform comparatively better due to the gradual revitalization of construction activities, rising government investments in municipal water treatment, and desalination plants. For instance: In Dec 2020, Saline Water Conversion Corporation (SWCC), a publicly-owned Corporation in Saudi Arabia, awarded Shuqaiq 1 desalination unit construction projects to ACCIONA. Moreover, SWCC received Shuqaiq 4, Shuaiba 5 desalination plant projects in 2020. These projects would originate the demand for centrifugal pumps in the country., reveals MarkNtel Advisors in their research report, " Middle East & North Africa (MENA) Water Pumps Market, 2022."
Leading Companies in the Market
According to MarkNtel Advisors, the leading players in the Middle East & North Africa (MENA) 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., and others.
Key Questions Answered in the Study