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Middle East and Africa Pump Market Will Create More than $3 Billion Opportunities by 2028, the Market to Reach $11.93 Billion in the Next 6 Years - Exclusive Research Report by Arizton
Arizton publishes the latest research report, Middle East and Africa pump market - industry outlook & forecast 2023-2028. The Middle East and Africa pump market is expected to reach USD 11.93 billion by 2028, growing at a CAGR of 5.94% from 2022-2028.
The rise in applications of pumps in industrial, agricultural, commercial, and residential sectors is expected to drive the growth of the Middle East & Africa pump market. The considerable surge in the pace of infrastructural development is expected to propel the regional market's growth.
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In the African region, the pandemic increased the demand for pumps as mining organizations quickly return to their local roots by supporting South African’s based pump operations. Stainless steel pumps are becoming more prevalent in local mining because the quality and quantity of water continues to deteriorate in the region. Due to challenges in maintaining access to and providing services for mines across sub-Saharan Africa, Integrated Pump Technology intends to expand its network of twelve distributors by appointing new distributors. Integrated Pump Technology is a supplier of pump technology across sub-Saharan Africa. The company focused on appointing distributors in key areas, including Mozambique, Namibia, and Zimbabwe, in 2021. The distributors are based in South Africa, Zambia, the Democratic Republic of Congo, Botswana, and Lesotho.
- New agriculture innovations are being implemented to improve total catering productivity to meet the increasing demand for farm products, which will speed up the development of the rotary pump market.
- For higher viscosity applications such as pipeline initialization, tank stripping, and distiller bottom pumping, downstream oil & gas (refinery) utilize centrifugal pumps and positive displacement pumps.
- The demand for pumps is expected to increase in the coming years as refineries are expected to undergo improvements, pushing more market growth.
- The increased adaptation to IoT is anticipated to be an advantage for the commercial pump industry, as pumps are supplied with embedded hardware and can use advanced technology to adapt themselves to applications.
- Demand for pumps is expected to increase from end-user industries such as oil and gas, water and wastewater, chemicals and petrochemicals, and the mining industry, among others.
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In 2021, several areas of the MEA region experienced severe drought. Numerous reservoirs around Istanbul—the most populous city (15 million) in Turkey—have reached their lowest water storage levels in 15 years. The persistence of such dry conditions could severely affect crop production. The low precipitation level and the drop in the occupancy rates in dams in the country are attributable to several seasons of low rainfall. Similarly, Iran has been experiencing water shortages owing to years of mismanagement. In Isfahan, water has been abstracted through underground pipes away from farmlands toward industrial facilities in the desert province of Yazd and for drinking water to the holy city of Qom. The groundwater levels have declined from 10 to 100 cm/y in several regions, averaging 49 cm/y across the country owing to the average non-renewable water withdrawals of 5.4 km3/y. Therefore, all these factors have propelled the demand for pumps across MEA.
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- Centrifugal: Single Stage, Multistage, Submersible, and Turbine
- Reciprocating: Piston and Diaphragm
- Rotary: Gear, Lobe, Peristaltic, and Vane
- Industrial: Oil & Gas, Water & Wastewater, Food & Beverage, Chemical, Power, Mining, Pharmaceutical, and Others
- Geography: Middle East & Africa (Saudi Arabia, Turkey, UAE, South Africa, Egypt, Algeria, Nigeria, Republic of Congo, Libya, and the Rest of the Middle East)
- Alfa Laval
- The Weir Group
- SPX FLOW
- Kirloskar Brothers
- Franklin Electric
- Baker Hughes
- Arian Pumps
- Norm Hydrophore Pump
- Sumak Pump
- Vesta Pump
- Samsun Makina Sanayi
- Sahinler Submersible Pump
- Jetox Pumps
- SAM Engineering
- Donnlee Pump Tech
- Rapid Allweiler
- Prochem Pump Manufacturing
Key Questions Answered in the Report:
- How big is the Middle East and Africa pump market?
- What is the growth rate of the Middle East and Africa pump market?
- What factors drive the Middle East and Africa pump market?
- What is the growth rate of the Middle East and Africa Centrifugal Pump Market?
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