Middle East Pumps Market Size & Analysis - Forecasts To 2026

1. Middle East Pumps Market Size & Analysis – By Type (Portable, Stationary), By Position (Submersible Pump, Non-Submersible Pump), By Product Type (Axial & Bowl Pumps, Volute Pumps, Fish Friendly Pumps, Others), By Technology (Centrifugal Pumps, Diaphragm Pumps), By Driving Force (Engine Driven, Electrical Driven), By Application (Land Drainage, Storm Water, Potable Water, Waste Water, Cooling Water, Dock Dewatering, Ballast Sea Water Transfer, Others), By End Use (Agricultural, Industrial, Municipal, Oil & Gas, Residential, Mining, Others), End-Use Landscape, Vendor Landscape and Competitive Landscape - Forecasts To 2026 Middle East Pumps Market Opportunities: Evolving Platform Player Ecosystem: The production rate of pumps is increasing across the MEA region, which is backed by increasing demand from countries including UAE, Saudi Arabia, Qatar and Kuwait among others. Growing investments in wastewater treatment and water supply activities, along with rising urbanization in developing economies, such as Qatar, Israel and Egypt among others are driving the market for pumps in the region. The demand for submersible pumps in water and wastewater treatment is increasing momentum in MEA economies. Pumps find applications in multiple end use industries such as the oil & gas industries, mining, residential, and agriculture among others. The development of several large- scale projects such as the USD 100 billion King Abdullah Economic City in Saudi Arabia, the USD 23 billion Barakah Nuclear Power Plant in UAE and the USD 563 billion Doha South Sewage Treatment infrastructure in Qatar among others are creating an opportunity for new market players to enter in the market space. The presence of key pumps manufactures in MEA region such as KSB LLC, Xylem Inc, Wilo LLC, Sulzer LLC, Novomet Jsc, Arabi Company WLL, and Grundfos Holding A/S among others is expected to spur the market of pumps in the region. These manufactures are developing low-cost pumps to attract end use customers to increase the sales of pumps in the market. The raw material required to manufacture pumps include cast iron, steel pipes, pump impellers, ball bearings and winding wires along with copper among others. There are more than two hundred pumps companies in UAE involved in manufacturing all kinds of pumps for various industries. The region has emerged as a major transshipment hub, with its strategic location advantage and improvement in air and sea port infrastructures. The transportation fares are low compared to other regions such as Asia Pacific, North America and Europe. Adoption of technologies in UAE and Saudi Arabia transportation sector is more advanced compared to other emerging economies in the region. Presence of oil & gas companies and growing municipal and water management project are the major factors driving the market during the forecast period. In December 2018, Xylem formed partnership with Imagine H2O to build and scale solutions to solve the world’s water challenges Technological Advancement: The manufacturers are focusing on new trends and technologies in developing pumps for various industries. The demand for smart pumping technology is rising due to failure of conventional pumps, compressors and other pumps. The transformation from conventional oil & gas production to multi- phase pumping has become the latest trend in the oil & gas industry in MEA region. Multi-phase pumps help manufacturers to separate oil, water or gas. They help manufacturers to transport the extracted material from arena to the central processing unit. The multi-phase oil & gas pumps are installed at both highpressure and low-pressure in offshore, onshore and subsea. Centrifugal pump is developed for different applications, including single or multi-stage, axial or radial split, and horizontal or vertical rotor position. In July 2019, Xylem launched Flygt N3069 stainless steel submersible pump, designed to solve the toughest pumping challenges in complex industrial applications such as

2. industrial food and aquaculture. In February 2019, KSB launched SISTO-16TWA valve type series for drinking water applications with new materials for wetted components. Request for a sample copy of the report @:https://www.globalmarketestimates.com/report- summary.php?report_id=1969&report_name=middle-east-pumps-market Middle East Pumps Market Challenges: Increasing Pricing Pressure: The volatile raw material prices are the major challenge for pumps market. The raw material involved for manufacturing pumps include ball bearings, terminal blocks, capacitors, cast iron, metal cold forming, and electrical wires among others. Further, manufacturers of pumps are concentrated in MEA region which make it difficult for enterprises in other regions to procure them. The competitive nature of market and presence of huge number manufacturers are forcing to reduce the prices of pumps in the MEA region. High initial investment cost for manufacturing and high installation cost of pumps are the major challenges. The demand for pumps is still expected to increase during the forecast period, owning to presence of many end users like oil & gas, mining, municipality and residential among others. High installation and raw material prices are the major challenges for pumps market during the forecast period. Moreover, stringent government rules and regulations are increasingly pressurizing pumps manufacturers to keep the price in check and regulate it along with government guidelines and regulations Browse the complete report @:https://www.globalmarketestimates.com/report- summary.php?report_id=1969&report_name=middle-east-pumps-market