Quick Overview of the Middle East & North Africa Water Pumps Market Analysis

The  Middle East & North Africa Water Pumps Market Analysis, research report provides an in-depth market study with qualitative and quantitative research of the continuing industry trends, opportunities, growth areas, drivers, and challenges, which would enable stakeholders to align their market strategies according to the present & future market dynamics.

Detailed Analysis of Middle East & North Africa Water Pumps Industry (2022-27): Reveals Further Growth &Market Expansion

According to the most recent study, 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. The report significantly addressed considerable changes, gap analyses, and competitive studies using qualitative and quantitative data. These include the widespread segmentation, regional landscape, and recent developments, entailing information on the fluctuation in the demand, sales, revenue, and other parameters experienced and expected in the industry for the forecasting year i.e. 2022-27.

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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.

Middle East & North Africa Water Pumps Market Segmentation Analysis

-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.

Key Players and Competitive Strategies in the Middle East & North Africa Water Pumps Market

The report provides a study that looks at the requirements for manufacturing and processing, project expenses, finance, and economics, as well as projected profit margins and returns on investment. This also helps in identifying the major market players in the market such 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,

·         Competitive Landscape Assessment,

·         Emerging Opportunities,

·         Market Trends and Indicators

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the globe?
4. How has the industry been evolving in terms of geography and product adoption?
5. How has the competition been shaping up across various regions?
6. How have buying behaviour, customer inclination, and expectations from product manufacturers been evolving during 2022-27?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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