Middle East and Africa Pump Market Report 2023-2028 Reveals Growing Potential For Pump Exports, Bodes well for Future Growth

According to the World Health Organization (WHO), approximately half of the region's population is expected to live in water-stressed countries by 2026. Wastewater management practises are gaining traction in the region.

As mentioned in the report, according to the Sustainable Water Alliance, countries such as Saudi Arabia and Iran are estimated to deploy numerous new water and wastewater facilities during the projected period. Further, the rise in applications of pumps in the industrial, agricultural, commercial, and residential sectors is expected to drive the Middle East and Africa pump market.

New innovations in agriculture are being used to increase overall farm productivity and meet the growing demand for farm products. This will speed up the growth of the market for rotary pumps.

For higher viscosity applications such as pipeline initialization, tank stripping, and distiller bottom pumping, downstream oil and gas (refineries) utilise centrifugal pumps and positive displacement pumps.

According to the report, "demand for pumps is expected to increase from end-user industries such as oil and gas, water and wastewater, chemicals and petrochemicals, and the mining industry, among others."

Exports of pumps have been growing as the world supplies a broad range of high-quality pumps and as globalisation is one of the main drivers of demand.

A report says Turkey’s pump market manufacturer exports several kinds of pumps, including pumps fitted with a measuring device for dispensing fuel in filling stations or garages.

Exports of centrifugal pumps from the Middle East and Africa pump market are projected to rise in the coming years due to the high demand for orders and increased global applications of centrifugal pumps, such as submersible pumps, single-stage pumps, and others.

Metal prices are highly volatile and have risen due to inflation and competitive pressures, forcing vendors to pay more in the Middle East and Africa pump market.

Fluctuations in raw material prices are further passed on to the customer, and the margins are anticipated to be positively or negatively affected by fluctuations in raw material prices. "Fluctuations in the currency exchange rate, as well as fluctuations in raw material prices, risk net revenue, and the operating margin of manufacturers, create significant challenges in the Middle East and Africa pump market," said the report.

According to the report, "the Middle East and Africa pump market by industrial end-user is expected to reach USD 8.97 billion by 2028."

Strict government controls and pollution reduction initiatives are expected to limit oil and gas demand growth and thus market development throughout the forecast period.

Centrifugal pumps are widely used in processing hydrocarbons, in refineries, for water injection, and in pipelines, and the demand for centrifugal pumps is projected to expand as the refining capacity grows.

The report concludes that Saudi Arabia dominates the Middle East and Africa pump market, is growing at a CAGR of 6.34%, and is expected to reach USD 3.7 billion by 2028. The Saudi Arabian government is focused on treating wastewater to meet the accelerating demand for water.

The Saudi Arabian government's focus on wastewater treatment is on the need for industrial pumps in the Middle East and Africa region.

 By Sumita Pawar