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Middle East & Africa Electric Submersible Pump Market Size & Outlook

The electric submersible pump market in Middle East & Africa is expected to reach a projected revenue of US$ 1,183.5 million by 2030. A compound annual growth rate of 6% is expected of Middle East & Africa electric submersible pump market from 2024 to 2030.

Revenue, 2023 (US$M)
$786.3
Forecast, 2030 (US$M)
$1,183.5
CAGR, 2024 - 2030
6%
Report Coverage
Middle East & Africa

Middle East & Africa electric submersible pump market, 2018-2030 (US$M)

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MEA electric submersible pump market highlights

  • The MEA electric submersible pump market generated a revenue of USD 786.3 million in 2023.
  • The market is expected to grow at a CAGR of 6% from 2024 to 2030.
  • In terms of segment, borewell was the largest revenue generating product in 2023.
  • Borewell is the most lucrative product segment registering the fastest growth during the forecast period.


MEA data book summary

Market revenue in 2023USD 786.3 million
Market revenue in 2030USD 1,183.5 million
Growth rate6% (CAGR from 2023 to 2030)
Largest segmentBorewell
Fastest growing segmentBorewell
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBorewell
Key market players worldwideXylem Inc, Sulzer AG, KSB SE & Co KGaA, Grundfos, Atlas Copco AB ADR, Flowserve Corp, WILO, Pump Technology, LEO Group, Vansan Water Technologies, Grindex, Ebara Corp, Schlumberger Ltd, ITT Inc


Other key industry trends

  • In terms of revenue, MEA region accounted for 8.8% of the global electric submersible pump market in 2023.
  • 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 6,549.6 million by 2030.

Key Regions: U.S. , UK , Japan , Brazil , South Africa

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Electric Submersible Pump Market Scope

Electric submersible pump market segmentation & scope
Product
Borewell
Openwell
Non-Clog
End use
Agriculture
Construction & Building Services
Power Generation
Oil & Gas
Chemical
Others
Regions
Latin America
Europe
North America
Middle East & Africa
Asia Pacific
Countries
Argentina
Brazil
Denmark
France
Germany
Italy
Spain
Sweden
UK
Canada
Mexico
U.S.
Kuwait
Saudi Arabia
South Africa
Australia
China
India
Japan
South Korea
Thailand

Electric Submersible Pump Market Companies

Name Profile # Employees HQ Website

Middle East & Africa electric submersible pump market

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