Middle East & Africa Positive Displacement Pumps Market Size & Outlook
Middle East & Africa positive displacement pumps market, 2018-2030 (US$M)
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MEA positive displacement pumps market highlights
- The MEA positive displacement pumps market generated a revenue of USD 1,778.6 million in 2023.
- The market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, rotary was the largest revenue generating type in 2023.
- Reciprocating is the most lucrative type 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 1,778.6 million |
| Market revenue in 2030 | USD 2,557.3 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Rotary |
| Fastest growing segment | Reciprocating |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Rotary, Reciprocating |
| Key market players worldwide | Ingersoll Rand Inc, SPX FLOW, Alfa Laval AB, IDEX Corp, Grundfos, Schlumberger Ltd, Weir Group PLC, KSB SE & Co KGaA, Sulzer AG, Flowserve Corp, Dover Corp, NOV Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 9.3% of the global positive displacement 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 11,340.2 million by 2030.
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Positive Displacement Pumps Market Scope
Positive Displacement Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa positive displacement 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 positive displacement pumps market will help companies and investors design strategic landscapes.
Rotary was the largest segment with a revenue share of 56.65% in 2023. Horizon Databook has segmented the Middle East & Africa positive displacement pumps market based on rotary, reciprocating covering the revenue growth of each sub-segment from 2018 to 2030.
The oil & gas industry in the MEA has been observing a steady growth rate for the past four to five years. The region is also witnessing a moderate surge in its investment in and implementation of new products, which is boosting the industry.
The oil & gas sector is the epicenter of the region’s economy. It is driven by the low cost of production and rising global crude oil prices & demand. The sector is a major application of PD pumps and uses various types of pumps.
Operations such as coiled tubing and hydraulic fracturing require PD pumps to transfer crude oil and its intermediates. In addition, increasing awareness about the functional and economic advantages of PD pumps in the sector is also a major factor for the market growth over the forecast period.
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Our clientele includes a mix of positive displacement pumps 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 positive displacement pumps market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa positive displacement pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA positive displacement pumps market size, by country, 2018-2030 (US$M)
Middle East & Africa Positive Displacement Pumps Market Outlook Share, 2023 & 2030 (US$M)
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