Middle East Pumps Market

Middle East Pumps Market Insights:

The Middle East Pumps market is estimated to generate revenue of USD 7.053 billion in 2018, and is projected to reach USD 9.627 billion by 2026. The market is primarily driven due to increasing applications of pumps in multiple end use industries such as oil & gas, mining, agriculture, residential, industrial, and municipal water among others. Increasing infrastructural development activities is one of the major factors expected to drive the market growth. The region is one of the largest producers of oil & gas. Favourable government initiatives to further propel the oil & gas industries productivity is among the major factors expected to drive the growth of market in the region. The Middle Eastern market is projected to grow at a CAGR of 3.97% during the forecast period. Furthermore, increasing use of pumps in various applications coupled with land drainage, storm water, waste water, cooling water and dock dewatering among others. 

On the basis of type, the pumps market can be segmented into portable and stationary. The stationary segment is expected to hold the largest market share by 2026. On the basis of position, the Middle East Pumps market can be segmented into submersible pump and non-submersible pump. The non-submersible pump segment is estimated to hold the largest market share in terms of revenue. The non-submersible pump segment is projected to grow at the highest CAGR of 4.16% owing to its increasing demand.

On the basis of product, the Pumps market is segmented into axial & blow pumps, volute pumps, and fish friendly pumps among others. The axial & bowl pumps segment is expected to lead the product segment between 2019 and 2026. The axial & bowl pumps segment is projected to grow at highest CAGR over the forecast period.

 On the basis of technology, the market is segmented into centrifugal pumps and diaphragm pumps. Centrifugal pumps segment is expected to lead the market of Pumps. On the basis of driving force, the market is segmented into engine driven and electrical driven. Electrical driven segment is expected to lead the market for pumps.

On the basis of application, the Middle East Pumps market can be segmented into land drainage, storm water, portable water, waste water, cooling water, dock dewatering, and ballast sea water transfer among others. The waste water segment is estimated to hold the largest market share in terms of revenue. The segment is also projected to grow at the highest CAGR of 5.24%.

On the basis of end use, the pumps market is segmented into agricultural, industrial, municipal, oil & gas, mining, and residential among others. Oil & gas segment is expected to lead the market for Pumps during the forecast period.

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Middle East Pumps Market Drivers:

Increasing Infrastructural Development Activities:

Pumps are mechanical devices used to transfer fluids, gases, using a direct lift, or gravity mechanics. Pumps can be operated by various energy sources including manual operation, electricity, engines, and wind power among others. Pumps have found applications in various end use industries such as agricultural, industrial, municipal, oil & gas, residential, and mining, among others. Increase in crude oil production and government efforts to diversify the economy are expected to drive investment in the UAE construction industry during the forecast period. The presence of leading construction companies such as AE Arma-Electropanc, Aegion Corp, Bechtel, CB&I LLC and Consolidated Contractors Group among others are expected to drive the market. The Dubai government allotted 21 per cent of the 2018 budget for infrastructure. The government has planned to spend approximately USD 9 billion from 2018 to 2020 on residential, retail, and hospitality among other projects. These factors are expected to boost pumps market in UAE.   The UAE and Qatar are the most attractive countries for infrastructure investment across the globe despite low oil prices. Saudi Arabia is also likely to grow during the forecast period. The presence of huge oil & gas resources in the region and presence of oil & gas companies is expected to drive the demand for pumps market. There are approximately 187 active projects with a total value of USD 32.4 billion in the transport sector, 203 projects in the utilities industry with a total value of USD 24.3 billion, 377 projects in the industrial sector and 12 projects in the oil and gas sector with a total value of USD 4.6 billion in UAE. These factors coupled with rising infrastructural expenditures in developing countries are further expected to boost market growth.

Exploration of new water sources:

The rapid growing trend of solar-powered irrigation in MEA countries is strengthening water, energy, and food security. Morocco expects to install more than 100,000 solar pumps by 2020. Egypt is planning to implement a program of desert agriculture, involving the irrigation of 630,000 hectares with solar technology. Wastewater is the only natural resource that increases with the growing population in cities. The governments in MEA region implemented many wastewater treatment programs to provide water for more than 2 billion hectares of agricultural land. Gulf countries are increasingly investing in the development of distribution networks, in sanitation services and in the development of alternative water resources, including seawater desalination and reuse of wastewater. These factors are expected to drive the pumps market during the forecast period. 

The Saudi Arabian ministry of water, environment and agriculture has announced to set up three wastewater treatment projects in the cities of Jeddah and Dammam besides the northern border region. The total length of the three wastewater transmission pipelines will be more than 1,400km. Moreover, in January 2019, the Ministry of Works, Municipalities Affairs & Urban Planning announced that they are actively seeking to develop a new sewage treatment plant (STP) in the southwest area of Bahrain. The project is part of Bahrain’s efforts to expand and upgrade its sewage network, which often struggles to deal with flow levels. In September 2018, the Ministry awarded an estimated USD 364 billion contract to a group of contractors for the expansion of the Tubli Wastewater plant. The expansion of the Tubli waste water plant is expected to double the capacity of the Tubli plant from 200,000 cubic metres a day (cm/d) to 400,000 cm/d. Tubli is currently processing more than 300,000 cm/d of wastewater, leading to raw sewage discharges into the sea. Development of various waste water plants in the country is expected to propel the demand for the pumps in the region.

Submersible and centrifugal pumps are commonly used pumps for waste water management projects. These pumps are mostly used to drain sewage or slurry. Submersible pumps are placed under the wastewater or sewage levels, and its operation is controlled with the help of level sensors.

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