Middle East & North Africa (MENA) Centrifugal Water Pumps Market Poised for Robust Growth, Forecasted to Expand at 5.8% CAGR from 2024-30

MarkNtel Advisors has released its latest report highlighting strong growth in The Middle East & North Africa (MENA) Centrifugal Water Pumps Market size was valued at around USD 8.9 billion in 2023 & is estimated to reach around 12.5 billion by 2030. The market is expected to grow at a CAGR of around 5.8% during the forecast period, i.e., 2024-30. 

Report Coverage

This report offers a comprehensive analysis of the Middle East & North Africa (MENA) Centrifugal Water Pumps Market, providing valuable insights across historical trends, current dynamics, and future forecasts.

• Base Year: 2023
• Forecast Years: 2024-30
• Historical Years: 2019-22

Middle East & North Africa (MENA) Centrifugal Water Pumps Market Overview

Various benefits of centrifugal water pumps including reduced friction, magnetic coupling, energy efficiency, reliability, low maintenance, size, and application versatility are helping hands in the continuous growth of the pumps in the market. Low-viscosity fluids including solvents, water, light oils, and chemicals, simple solutions are offered by centrifugal pumps to these high-capacity pumping applications, including irrigation, water supply & circulation, and the transfer of chemicals in various plants.

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Middle East & North Africa (MENA) Centrifugal Water Pumps Market Segmentation Outlook

The Middle East & North Africa (MENA) Centrifugal Water Pumps is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:

By Type

• Overhung Pumps
  • Vertical Line
  • Horizontal End Suction
• Split Case Pumps
  • Single/Two Stage
  • Multi Stage
• Vertical Pumps
  • Turbine
    • Solid Handling
    • Non-Solid Handling
  • Axial
  • Mixed Flow
• Submersible Pumps
  • Solid Handling
  • Non-Solid Handling

By Operation Type

• Electrical
• Hydraulic
• Air- Driven

By End User

• Residential
• Commercial
• Industrial
  • Oil & Gas
  • Power Generation
  • Water & Waste Water Treatment
  • Mining & Metal
  • Others (Automotive, Textile, etc.)
• Agriculture and Irrigation

By Country

• The UAE
• Saudi Arabia
• Turkey
• Qatar
• Oman
• Egypt
• Bahrain
• Kuwait
• Israel
• Iraq
• Algeria
• Morocco

Middle East & North Africa (MENA) Centrifugal Water Pumps Market Challenge

Fluctuating Raw Materials Price & Increasing Inflation Rate to Hinder Market Growth –  The high inflation in the region is causing volatility in raw material prices, and impacting all the sectors with rising prices and unstable raw material costs. The high oil price in the region led by the Russia-Ukraine war hit the overall import-export balance and added to the high interest rates. The fluctuations in raw material prices are driven by many economic reasons, such as the Israel–Palestine war and political instability in various regional economies. These variations adversely affect the market players by making it difficult for them to decide the accurate prices of pumps in the market.

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Top Middle East & North Africa (MENA) Centrifugal Water Pumps Market Brands & Their Strategic Market Positioning

MarkNtel Advisors Research identifies PSG Dover, Ebara Corporation, Flowserve Corporation, Grundfos Gulf Distribution FZE, ITT Inc., Kirloskar Brothers Limited (KBL), KSB SE & Co. KGaA, SPX FLOW, Inc., Sulzer Management Ltd., Torishima Pump MFG. Co. LTD., Baker Hughes Company, WILO SE, Parker Hannifin Corp., Weir Group PLC, Xylem Inc., and Others as key players shaping the market landscape.

Middle East & North Africa (MENA) Centrifugal Water Pumps Market News

•  2023: Baker Hughes Company has launched a new reinforced thermoplastic pipe technology which will reduce the time to first production, lower the lifecycle emissions, and enable quick installation.
• 2023: Kirloskar Brothers Limited (KBL) has launched a new avatar of the “Lifter” series, that are particularly made for shallow pumps, having a strong performance with high suction lift and energy efficiency.

Key Questions Answered in the Report

• What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
• How the industry has been evolving, and which segments would dominate the market during the forecast period?
• What are the key opportunity areas that companies foresee in the coming years 2030?
• Who are the key players in the market, and what are their competitive strengths?
• What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?

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