Saudi Arabia Industrial Pumps Market Size & Outlook
Saudi Arabia industrial pumps market, 2018-2030 (US$M)
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Saudi Arabia industrial pumps market highlights
- The Saudi Arabia industrial pumps market generated a revenue of USD 882.1 million in 2023 and is expected to reach USD 1,259.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 5.2% 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.
Industrial pumps market data book summary
| Market revenue in 2023 | USD 882.1 million |
| Market revenue in 2030 | USD 1,259.0 million |
| Growth rate | 5.2% (CAGR from 2023 to 2030) |
| Largest segment | Centrifugal pump |
| Fastest growing segment | Positive Displacement Pump |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Saudi Arabia accounted for 2.0% of the global industrial pumps market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia industrial pumps market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 1,259.0 million by 2030.
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Industrial Pumps Market Scope
Industrial Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia 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 69.22% in 2023. Horizon Databook has segmented the Saudi Arabia industrial pumps market based on centrifugal pump, positive displacement pump covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia has invested in large petrochemical projects including the Petro Rabigh refinery, the Ras Tanura refinery, and the Jizan export refinery, which is expected to drive the demand for industrial pumps to set up chemical and petrochemical processing facilities in the country.
Rising tourism, population growth, and urbanization are the primary factors driving the construction sector in the country. According to the IMF, the country’s economy is expected to rebound by 2022, growing at around 4.8%.
The operations of various industries including manufacturing, oil & gas, chemical, power, and petrochemical have been normalized from the beginning of 2021, owing to the limited spread of COVID-19 in the country. Industrial pumps are used in the aforementioned industries for various applications such as boiler feed, sludge handling, and circulation.
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Target buyers of Saudi Arabia 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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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 country-level data and insights on the Saudi Arabia industrial pumps market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia industrial pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia industrial pumps market size, by product, 2018-2030 (US$M)
Saudi Arabia Industrial Pumps Market Outlook Share, 2023 & 2030 (US$M)
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