DUBLIN , March 30, 2022 /PRNewswire/ -- The "Middle East Pump Market - Industry Outlook & Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The Middle East pump market is expected to grow at a CAGR of 5.33%. The rise in applications of pumps in industrial, agricultural, commercial, and residential sectors is expected to drive the Middle East pumps market. The considerable surge in the pace of infrastructural development is expected to propel the growth of the regional market.
MIDDLE EAST PUMP MARKET SEGMENT ANALYSIS
Based on product, the market is segmented into centrifugal pumps, reciprocating pumps, and rotary pumps. In 2021, the centrifugal pump segment dominated the market and accounted for a revenue share of nearly 70%.
The agricultural segment of the market is driven by developments such as Energy Efficiency Services Limited (EESL), which aims to replace 20 million BEE star-rated energy-efficient agricultural pumps with grid-connected pump sets.
In 2021, several countries in the Middle East announced an investment of about $3 billion on pump systems. The rising applications of pumps in various end-use industries, such as oil & gas, mining, agriculture, domestic, manufacturing, and municipal water, is a major growth driver for the market. In addition, the surge in infrastructural development projects is expected to propel market growth.
Vendors are actively investing in R&D initiatives to develop fundamental technologies to improve their core product technology and gain a competitive edge in the Middle East pumps market. The ability to use product portfolios, solutions, and services to meet customer requirements serves as a key competitive strength in the Middle East pumps market.
Surge in Infrastructure Development Projects
Key Topics Covered: 1 Research Methodology 2 Research Objectives 3 Research Process 4 Scope & Coverage 4.1 Market Definition 4.1.1 Inclusions 4.1.2 Exclusions 4.1.3 Market Estimation Caveats 4.2 Base Year 4.3 Scope of the Study 4.4 Market Segmentation 4.4.1 Market by Product 4.4.2 Market by End-user 5 Report Assumptions & Caveats 5.1 Key Caveats 5.2 Currency Conversion 5.3 Market Derivation 6 Market at a Glance 7 Introduction 7.1 Overview 7.2 Demand Insights 7.3 Economic Outlook 7.3.1 Crude Oil Prices 7.4 Construction Industry Overview 7.4.1 Residential Construction 7.4.2 Commercial & Industrial Construction 7.4.3 Public Infrastructural Constructions 7.4.4 Construction Industry in Saudi Arabia 7.4.5 Construction Industry in Turkey 7.4.6 Construction Industry in UAE 7.5 Value Chain Analysis 7.5.1 Material Suppliers 7.5.2 Manufacturers 7.5.3 Distributors 7.5.4 Application 7.6 Growth in Mergers & Acquisitions 7.7 Demand for Efficient & Advanced Pump Technology 7.8 Replacement Demand 7.9 Impact of Covid-19 8 Market Opportunities & Trends 8.1 Rising Number of Modular Construction Projects 8.2 Demand for Energy-Efficient Pumps 8.3 High Demand from Water & Wastewater Treatment Plants 8.4 Growing Potential for Pump Exports 9 Market Growth Enablers 9.1 Depleting Groundwater Levels 9.2 Growing Agriculture Sector 9.3 Surge in Infrastructure Development Projects 10 Market Growth Restraints 10.1 Fluctuations in Raw Material Prices 10.2 Highly Competitive and Fragmented Market 10.3 Volatility in Oil & Gas Industry 10.4 Climate Change & Natural Calamities 11 Market Landscape 11.1 Market Size & Forecast 11.2 Five Forces Analysis 11.2.1 Threat of New Entrants 11.2.2 Bargaining Power of Suppliers 11.2.3 Bargaining Power of Buyers 11.2.4 Threat of Substitutes 11.2.5 Competitive Rivalry 12 Product 12.1 Market Snapshot & Growth Engine 12.2 Market Overview 13 Centrifugal Pumps 13.1 Market Snapshot & Growth Engine 13.1.1 Market Overview 13.1.2 Market Size & Forecast 13.2 Single-Stage 13.3 Multi-Stage 13.4 Submersible 13.5 Turbine 14 Reciprocating Pumps 14.1 Market Snapshot & Growth Engine 14.1.1 Market Overview 14.1.2 Market Size & Forecast 14.2 Piston 14.3 Diaphragm 15 Rotary Pumps 15.1 Market Snapshot & Growth Engine 15.1.1 Market Overview 15.1.2 Market Size & Forecast 15.2 Gear 15.3 Lobe 15.4 Peristaltic 15.5 Vane 16 End-user 16.1 Market Snapshot & Growth Engine 16.2 Market Overview 17 Industrial 17.1 Market Snapshot & Growth Engine 17.1.1 Market Overview 17.1.2 Market Size & Forecast 17.2 Oil & Gas 17.3 Water & Wastewater 17.4 Food & Beverage 17.5 Chemical 17.6 Power 17.7 Mining 17.8 Pharmaceutical 18 Agriculture 18.1 Market Overview 18.1.1 Market Size & Forecast 19 Commercial 19.1 Market Overview 19.1.1 Market Size & Forecast 20 Residential 20.1 Market Overview 20.1.1 Market Size & Forecast 21 Country 21.1 Market Snapshot & Growth Engine 21.2 Market Overview 22 Saudi Arabia 23 Turkey 24 UAE 25 Rest of Middle East
For more information about this report visit https://www.researchandmarkets.com/r/mnnl18
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