UAE Industrial Pumps Market Size & Outlook, 2023-2030
UAE industrial pumps market, 2018-2030 (US$M)
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UAE industrial pumps market highlights
- The UAE industrial pumps market generated a revenue of USD 505.4 million in 2023 and is expected to reach USD 707.4 million by 2030.
- The UAE market is expected to grow at a CAGR of 4.9% 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 505.4 million |
| Market revenue in 2030 | USD 707.4 million |
| Growth rate | 4.9% (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, UAE accounted for 1.2% 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 |
|---|
UAE 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 68.34% in 2023. Horizon Databook has segmented the UAE industrial pumps market based on centrifugal pump, positive displacement pump covering the revenue growth of each sub-segment from 2018 to 2030.
According to the International Monetary Fund, the GDP of the UAE contracted by 6.1% in 2020 due to COVID-19 pandemic. The GDP growth of the UAE was 3.0% in 2021 and is expected to be 3.1% in 2022. Oil & gas sector holds the major share in the country’s economy. Due to the pandemic, oil & gas sector in the country was impacted as international borders were closed for trade.
Furthermore, the suspension of labor visas and restriction of employees stranded in other countries have resulted in labor shortages, thereby impacting the activities in construction and oil & gas industries.
The industrial pumps market witnessed a decline during the pandemic owing to the reduced demand from major enduse industries. However, increasing vaccination across the country has opened the international borders, resulting in the reopening of construction and oil & gas industries.
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Target buyers of UAE 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the UAE industrial pumps market , including forecasts for subscribers. This country databook contains high-level insights into UAE industrial pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE industrial pumps market size, by product, 2018-2030 (US$M)
UAE Industrial Pumps Market Outlook Share, 2023 & 2030 (US$M)
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