Middle East & Africa Axial Flow Pump Market Size & Outlook
Middle East & Africa axial flow pump market, 2018-2030 (US$M)
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MEA axial flow pump market highlights
- The MEA axial flow pump market generated a revenue of USD 371.6 million in 2022.
- The market is expected to grow at a CAGR of 3.5% from 2023 to 2030.
- In terms of segment, agriculture was the largest revenue generating end use in 2022.
- Chemical is the most lucrative end use segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2023 to 2030.
MEA data book summary
| Market revenue in 2022 | USD 371.6 million |
| Market revenue in 2030 | USD 487.5 million |
| Growth rate | 3.5% (CAGR from 2022 to 2030) |
| Largest segment | Agriculture |
| Fastest growing segment | Chemical |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Agriculture, Construction & Building Services, Water & Wastewater, Power Generation, Oil & Gas, Chemical |
| Key market players worldwide | Ebara Corp, Flowserve Corp, Hitachi Ltd, ITT Inc, Pentair PLC, Sulzer AG, Weir Group PLC, Xylem Inc, Grundfos |
Other key industry trends
- In terms of revenue, MEA region accounted for 9.3% of the global axial flow pump market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,542.0 million by 2030.
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Axial Flow Pump Market Scope
Axial Flow Pump Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa axial flow pump market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to axial flow pump market will help companies and investors design strategic landscapes.
Agriculture was the largest segment with a revenue share of 23.84% in 2022. Horizon Databook has segmented the Middle East & Africa axial flow pump market based on agriculture, construction & building services, water & wastewater, power generation, oil & gas, chemical covering the revenue growth of each sub-segment from 2018 to 2030.
Countries including Mauritania, Saudi Arabia, Egypt, Ghana, Mali, Tanzania and Guinea carry significant mining activities in Middle East and Africa. In addition, countries including Egypt, Oman, Sudan, Saudi Arabia and Mauritania present the great opportunities for investment in petroleum resources.
These factors are anticipated to drive axial flow pump market over the forecast period. The region is characterized by the presence of a large number of water and wastewater treatment plants due to the absence of significant freshwater sources.
Rising per-capita consumption of water in the region coupled with rise in population due to increased immigration into the region is expected to drive the market growth for the water and wastewater treatment resulting increase in demand for axial flow pump market on the region.
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Our clientele includes a mix of axial flow pump market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa axial flow pump market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa axial flow pump market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa Axial Flow Pump Market Outlook Share, 2022 & 2030 (US$M)
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