Quick Overview of the Middle East & North Africa Water Pumps Market Analysis
The objective of the Middle East & North Africa Water Pumps Market Research Report is to provide a detailed and useful data, and a geographical perspective for predictions of future. The recommendations included in the report are supposed to be insightful and actionable, offering a thorough understanding of the industry. Moreover, it includes a comprehensive table of contents, relevant data, and an analysis of numerous important aspects that have impacted the market.
According to the latest report analysis by MarkNtel Advisors, the Middle East & North Africa Water Pumps Market is projected to grow at a CAGR of around 3.81% during the forecast period, i.e., 2022-27. This detailed study provides a detailed overview of the current market state, including market trends, opportunities, along with the recent developments. In-depth analysis of market share, size, forecast, and competitive landscape is also covered in this report that presents a clear picture of the industry with relevant statistical data.
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Latest Restraint Contributing in the Middle East & North Africa Water Pumps Industry:
Growth Restraint: Challenges Related to Integration of IOT Based Water Pumps
IoT-based water pumps are a growing market. However, conventional water pumps hold the majority market share. The IoT-based water pumps require handling with appropriate labor & digital solutions. The demand for conventional water pumps in several developing countries is prevailing. Many developing countries in the region cannot operate the sophisticated technologies, which is likely to pose a substantial challenge for IoT-based water pumps. The market for IoT and intelligent water pumps would face roadblocks in many countries such as Egypt, Algeria, etc., and several other countries with penetration of high speed internet.
A Detailed Outlook of Middle East & North Africa Water Pumps Market Segmentation
The Market Segmentation analysis provides and accurate data of the industry to help the analysts make smart strategic investment decisions. Also, the prediction of the market is included for national, and level in the research. The study analyses latest trends of the industry from 2022-27 for each of the category. Different segments were used to classify the market for this study are listed below:
-By Type
- Centrifugal Pumps
- Positive Displacement
-By End User
- Oil & Gas
- Power Generation
- Residential
- Agriculture & Irrigation
- Commercial Building
- HVAC
- Fire
- Chemicals
- Water & Wastewater
- Food & Beverage
- Others
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Geographical Analysis:
-By Country
- UAE
- Saudi Arabia
- Turkey
- Qatar
- Oman
- Egypt
- Israel
- Iraq
- Algeria
- Morocco
- Rest of Middle East & North Africa
Saudi Arabia water pumps registered a subdued growth during 2017-21 owing to a slowdown in construction activities. The decline in government budget allocation towards infrastructure creation and reduced greenfield investments in oil and gas, tourism, etc., has also negatively impacted the growth of water pumps in Saudi Arabia. The market further nosedived due to global disruption in the supply chain owing to COVID-19. The imposition of lockdown led to the suspension of construction activities. Consequently, the sales of water pumps plummeted massively in 2020. However, the market performed comparatively better due to the gradual revitalization of construction activities, rising government investments in municipal water treatment, and desalination plants in 2021. The construction activities in the country are expected to be in full swing in the latter half of 2022, which would induce the demand for water pumps.
UAE and Egypt are expected to outperform the regional peers in the year-on-year growth of water pumps in the forecast period, due to their lower dependence upon crude revenues and comparatively lesser approval time for any major greenfield investment projects. The water pump sales in UAE are expected to grow at a CAGR of around 3.7% during 2022-27.
Lead the Middle East & North Africa Water Pumps Market with a Deep Evaluation of the Competition
This report also includes accurate facts, figures, and market data into income assessments, and projections in the industry by using a wide range of statistical tools and knowledge about the market by the experts. Each notable market participant has a SWOT evaluation, a profile and a complementary Porter’s Five Forces analysis.
Moreover, to take the benefits of new opportunities, dominating players have been constantly realigning their systems, and methods of operation. We also evaluate major businesses that are influences on a geographical scale along with the small and medium-sized businesses that plays crucial role and have substantial opportunity for expansion in order to accurately reflect the levels of market competition.
The details on the following key players is presented in this section as:
- Flowserve Corporation
- Sulzer Limited
- IDEX
- Dover
- Ebara
- SPX Flow
- Kirloskar Brothers Limited (KBL)
- Grundfos
- Xylem Inc
- KSB Group
- Wilo
- ITT Inc.
- Torishima Pump MFG. Co. LTD.
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Key Report Highlights
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
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