Market Size of Middle East and Africa Centrifugal Pumps Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.60 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Centrifugal Pumps Market Analysis
The Middle East and Africa Centrifugal Pumps Market are expected to register a CAGR of about 4.6% over the forecast period. The increasing demand for more efficient pumps and rapid industrialization in the Middle East & Africa region is expected to propel the growth of the centrifugal pumps market. The growing need for better efficiency, especially across the water and wastewater industry, is also one of the key factors supporting the studied market growth.
- Centrifugal pumps are hydraulically operated machines that transfer fluids through increased pressure. These pumps can have different structures, but their fluid dynamic characteristics and working principle are mostly the same. The swift increase in product demand from the industries such as water & wastewater, oil & gas construction, etc., across numerous emerging countries in the Middle East & Africa region is a crucial factor driving the growth of the centrifugal pumps market.
- Water is a scarce commodity across most of the countries in the studied region. Hence, the investment in the water & wastewater industry has been growing significantly. For instance, in March 2022, at MENA Desalination Projects Forum 2022, Saudi Arabia announced more than 60 water projects worth SR35 billion (USD9.33 billion). As centrifugal pumps are widely used for pumping applications across the water & wastewater industry, the demand is expected to grow during the forecast period.
- The centrifugal pumps are also essential to the daily operation of many facilities, as they are typically low in cost, have low maintenance requirements, and have long operating lives. Considering the benefits, several vendors in the Middle East & African region offer various types of centrifugal pumps. For instance, Sulzer Ltd. is among the leading provider of centrifugal pumps in Saudi Arabia; the company provides a broad range of centrifugal pumps used across various industries. The company has been working closely with Saline Water Conversion Corporation (SWCC), a Saudi Government Agency, on a project that is expected to increase the availability of fresh water, supporting the growth of economic and tourism activity in the West Coast region of the Kingdom, by 2030.
- As the rapid pace of urbanization and industrial advancement in the MEA region has considerably strengthened the growth prospects of the pumps market, centrifugal pump companies have started focusing on refining the technology of the pumps, producing more specialized pumps to increase performance in specific applications. For instance, to cover the widest spectrum for various applications ranging from water pumping to the oil & gas industry, EBARA Pumps Middle East FZE provides a wide range of 1.0 kW pumps to 10 MW pumps.
- However, the centrifugal pumps are highly susceptible to cavitation when the net positive suction head of the system is too low for the selected pump and corrosion inside the pump owing to fluid properties. Along with the availability of alternatives, these factors are challenging the studied market's growth.
- Furthermore, COVID-19 has negatively impacted the market growth in the middle eastern region, mainly due to a stoppage in discrete manufacturing industry operations. Due to restrictions in lockdowns, delays in project construction activities exponentially affected the whole supply and distribution network, hitting industrial equipment companies with a lag.
Centrifugal Pumps Industry Segmentation
Centrifugal pump uses are common throughout a diverse range of industrial, domestic, and commercial markets. The rapid growth of these sectors across the Middle East & African region is driving the demand for these pumps.
The Study tracks the usage of centrifugal pumps across major applications and end-user industries of the Middle East and African region. The study also covers demand across various countries and considers the impact of COVID-19 on the studied market.
By Flow Type | |
Axial | |
Radial | |
Mixed |
By Number of Stages | |
Single Stage | |
Multi Stage |
By End-User Industry | |
Oil & Gas | |
Food & Beverages | |
Water & Wastewater | |
Pharma | |
Power | |
Construction | |
Metal & Mining | |
Others |
By Country | |
Saudi Arabia | |
United Arab Emirates | |
South Africa | |
Rest of Middle East & Africa |
Middle East and Africa Centrifugal Pumps Market Size Summary
The Middle East and Africa centrifugal pump market is poised for growth, driven by rapid industrialization and increasing demand for efficient pumping solutions. Centrifugal pumps, known for their ability to transfer fluids through increased pressure, are essential in various industries, including water and wastewater, oil and gas, and construction. The scarcity of water resources in the region has led to significant investments in the water and wastewater sector, further boosting the demand for these pumps. Companies like Sulzer Ltd. and EBARA Pumps Middle East FZE are actively enhancing pump technology to cater to diverse applications, from water pumping to oil and gas operations. However, challenges such as susceptibility to cavitation and corrosion, along with the availability of alternatives, pose obstacles to market growth. The COVID-19 pandemic also impacted the market, causing delays in manufacturing and project activities.
Saudi Arabia, with its vast oil reserves and rapid economic development, plays a pivotal role in the region's centrifugal pump market. The country's investments in water and wastewater infrastructure, alongside its booming oil and gas industry, drive the demand for these pumps. The market is competitive, with key players like Baker Hughes Company, Flowserve Corporation, and Schlumberger Limited focusing on expanding their presence through partnerships and new product launches. Notable projects, such as the supply of bespoke pumps for the SABIC petrochemical refinery and contracts for Cryomec pumps in Jubail Industrial City, highlight the ongoing demand and investment in centrifugal pump solutions. These trends, supported by global organizations and regional initiatives, are expected to sustain market growth in the coming years.
Middle East and Africa Centrifugal Pumps Market Size - Table of Contents
-
1. MARKET INSIGHTS
-
1.1 Market Overview
-
1.2 Industry Attractiveness - Porter's Five Forces Analysis
-
1.2.1 Bargaining Power of Suppliers
-
1.2.2 Bargaining Power of Consumers
-
1.2.3 Threat of New Entrants
-
1.2.4 Threat of Substitutes
-
1.2.5 Intensity of Competitive Rivalry
-
-
1.3 Industry Value Chain Analysis
-
1.4 Impact of COVID-19 on the Middle East & Africa Centrifugal Pumps Market
-
-
2. MARKET SEGMENTATION
-
2.1 By Flow Type
-
2.1.1 Axial
-
2.1.2 Radial
-
2.1.3 Mixed
-
-
2.2 By Number of Stages
-
2.2.1 Single Stage
-
2.2.2 Multi Stage
-
-
2.3 By End-User Industry
-
2.3.1 Oil & Gas
-
2.3.2 Food & Beverages
-
2.3.3 Water & Wastewater
-
2.3.4 Pharma
-
2.3.5 Power
-
2.3.6 Construction
-
2.3.7 Metal & Mining
-
2.3.8 Others
-
-
2.4 By Country
-
2.4.1 Saudi Arabia
-
2.4.2 United Arab Emirates
-
2.4.3 South Africa
-
2.4.4 Rest of Middle East & Africa
-
-
Middle East and Africa Centrifugal Pumps Market Size FAQs
What is the current Middle East and Africa Centrifugal Pumps Market size?
The Middle East and Africa Centrifugal Pumps Market is projected to register a CAGR of 4.60% during the forecast period (2024-2029)
Who are the key players in Middle East and Africa Centrifugal Pumps Market?
Baker Hughes Company, Flowserve Corporation, The Weir Group PLC, Schlumberger Limited. and Xylem Inc. are the major companies operating in the Middle East and Africa Centrifugal Pumps Market.