Middle East & Africa Industrial Pumps Market Size & Outlook
Middle East & Africa industrial pumps market, 2018-2030 (US$M)
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MEA industrial pumps market highlights
- The MEA industrial pumps market generated a revenue of USD 2,747.5 million in 2023.
- The market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, centrifugal pump was the largest revenue generating product in 2023.
- Positive Displacement Pump is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 2,747.5 million |
| Market revenue in 2030 | USD 3,795.0 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Centrifugal pump |
| Fastest growing segment | Positive Displacement Pump |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Centrifugal Pump, Positive Displacement Pump |
| Key market players worldwide | Flowserve Corp, Sulzer AG, Pentair PLC, ITT Inc, Schlumberger Ltd, Ebara Corp, Weir Group PLC, Ingersoll Rand Inc, Grundfos |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.3% of the global industrial pumps 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 28,660.1 million by 2030.
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Industrial Pumps Market Scope
Industrial Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa industrial pumps 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 industrial pumps market will help companies and investors design strategic landscapes.
Centrifugal pump was the largest segment with a revenue share of 68.51% in 2023. Horizon Databook has segmented the Middle East & Africa industrial pumps market based on centrifugal pump, positive displacement pump covering the revenue growth of each sub-segment from 2018 to 2030.
Factors such as the vaccine rollout, improvement in oil pricing, and rolling out of fiscal stimulus packages by the governments are responsible for boosting the GDP growth in the Middle East. According to the World Bank, the African economy is expected to witness growth at around 4.3% in 2022.
Infrastructure, mining, and oil & gas are some of the key sectors promoting growth in Africa which is beneficial for the growth of the industrial pumps over the forecast period as it is used in these sectors for water procurement, distribution, and dewatering.
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Target buyers of Middle East & Africa industrial pumps market databook
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Our clientele includes a mix of industrial pumps market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa industrial pumps market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa industrial pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA industrial pumps market size, by country, 2018-2030 (US$M)
Middle East & Africa Industrial Pumps Market Outlook Share, 2023 & 2030 (US$M)
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