GCC Industrial Pump market

GCC Industrial Pumps Market Size, Share, Growth Analysis, By Product(centrifugal, reciprocating), By Application(water and wastewater, oil and gas) - Industry Forecast 2023-2030


Report ID: SQMIG15J2032 | Region: Global | Published Date: February, 2024 | Pages: 242 | Tables: 67 | Figures: 75

GCC Industrial Pumps Market Insights

GCC Industrial Pumps Market size was valued at USD 2.7 billion in 2021 and is poised to grow from USD 2.9 billion in 2022 to USD 4.2 billion by 2030, growing at a CAGR of 4.5% in the forecast period (2023-2030).

Dewatering or getting rid of excess water is a common use for industrial pumps. The movement of a variety of fluids from one location to another is made possible by industrial pumps, which are used in a variety of industries.

Different industries use industrial pumps in different ways; for example, in the water and wastewater area, these are utilized to eliminate overabundance of water while in treatment facilities, they are utilized to eliminate overabundance of oil collection. It is anticipated that the expansion of the market will be aided by the rising use of these products in a variety of sectors, such as the power generation, chemical, oil and gas, and water and wastewater treatment sectors. Due to the closure of manufacturing facilities,

Throughout the projection period, price fluctuations in industrial pump components as a result of strong demand from end-user industries are anticipated to have a negative impact on capital investments. Over the coming years, major companies are likely to put more effort into developing low-cost manufacturing processes and cutting-edge technology for pump productivity enhancement.

Market snapshot - 2023-2030

Global Market Size

USD 2.7 billion

Largest Segment

Water and wastewater

Fastest Growth

Water and wastewater

Growth Rate

4.5% CAGR

Global GCC Industrial Pumps Market ($ Bn)
Country Share for GCC Region (%)
Global GCC Industrial Pumps Market By Type ($ Bn)
Global GCC Industrial Pumps Market By Type (%)

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GCC Industrial Pumps Market Segmental Analysis

The Industrial Pump Market is segmented on the basis of Product type, Application, and region. Whereas, By Product type, it is sub segmented into the centrifugal, reciprocating, rotary, and Other. By Application, it is sub segmented into the water and wastewater, oil and gas, chemicals and petrochemicals, power generation, mining industry, and others. By Region it is segmented into Saudi Arabia, Turkey, UAE, Rest of Middle East.

GCC Industrial Pumps Market Analysis by Product type

Based on the Product type, The centrifugal pumps dominate the market as they are widely used for water and wastewater treatment, hydrocarbon processing, refineries, water injection, and pipeline services. Due to their low upkeep, these products are used in a wide range of applications, including the chemical, food and beverage, water supply, fire protection, and sewage disposal industries.

The rapid construction of residential and commercial infrastructure as well as the expansion of the manufacturing sector are driving the expansion of the global market for centrifugal pumps. The rapid urbanization caused by increased infrastructure investment is to blame for the expansion. Over the next few years, the industry is anticipated to be driven by the demand for these products from the wastewater treatment sector.

As reciprocating pumps gain popularity due to their higher efficiency than centrifugal pumps and their use in precision dosing and high-pressure output applications, positive displacement pumps are anticipated to see significant growth over the forecast period. The increased investment in specialized reciprocating pumps is due to the current complex refining process, which involves high temperatures, high pressures, and the ability to handle volatile fluids. Consequently, this sector will be driven by an expanding positive displacement pump market during the forecast period.

GCC Industrial Pumps Market Analysis by Application

On the basis of application, Water and Wastewater segment is expected to dominate the market in the coming years owing to infrastructural development across the globe. In the power generation industry, these products are used for boiler feed water, cooling water, circulation water, condensate water, services for flue gas desulfurization, and auxiliary services.

Additionally, a number of products, such as boiler feed pumps, booster pumps, condensate pumps, and circulating pumps, are required for the production of steam, which is an essential part of power plants. As a source of raw materials for numerous industries, the chemical industry is one of the main drivers of industrial economic expansion. As environmental and worker safety concerns rise, it is anticipated that these products will be used more in the chemical industry.

Dewatering, the removal of excess water to prevent waterlogging, cement production, dyeing processes, roofing tile production, and dust trapping are all applications in the construction industry that require industrial pumps. In construction, peristaltic pumps are utilized for the transfer of cement slurry and chemical dosing.

Global GCC Industrial Pumps Market By Type, 2021 (%)

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GCC Industrial Pumps Market Regional Insights

Smart Tek Log is a leading industrial pump manufacturer in Saudi Arabia. Over the next few years, the USD 23 billion Barakah Nuclear Power Plant in the United Arab Emirates and the USD 563 million Doha South Sewage Treatment infrastructure in Qatar are anticipated to drive demand for industrial pumps in Saudi Arabia.

Additionally, it is anticipated that a number of sectors, including oil and gas and food and beverage, will experience significant growth in the near future due to the fact that a number of countries in the Middle East have launched their vision initiatives to achieve economic diversification.

During the forecast period, this would result in an increase in the use of industrial pumps in non-oil sectors across multiple Middle Eastern nations.

One of Saudi Arabia's leading dealers, suppliers, and exporters of centrifugal pumps. Fluids are moved through centrifugal pumps by converting the fluid's hydrodynamic energy into rotational kinetic energy.In Saudi Arabia, we offer a wide range of centrifugal pumps that are widely used in fluid-based, engineering, and other industries to transport milk, juice, water, and chemicals, among other things.

Global GCC Industrial Pumps Market By Region, 2023-2030
  • Largest
  • Fastest

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GCC Industrial Pumps Market Dynamics

GCC Industrial Pumps Market Drivers

In-Demand Oil & Gas Industry is Creating Lucrative Opportunities for Players in the GCC Industrial Pumps Market

  • The requirement that refineries produce low-sulfur crude oil end products in order to comply with government regulations is the primary market driver for the industrial pumps market. Heavy investments in new infrastructure projects, the expansion of the oil and gas industry, and the expanding industrial sector worldwide are additional drivers of growth.

GCC Industrial Pumps Market Restraints

Concerns related to Carbon Emission to Hinder Market Growth

  • The main factor limiting the market for industrial pumps is the carbon emissions produced by the pumps while they are in use. As a result, the nation's environmental organizations might pursue legal action against the sector. Another obstacle to the market is the necessity for frequent maintenance on the pumps to maintain their effectiveness.

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GCC Industrial Pumps Market Competitive Landscape

The market is characterized by the presence of both international and local producers due to the ongoing development in demand for water treatment in the coming years. Companies use a variety of channels to sell their products, such as company websites, e-commerce websites, merchant websites, distributor websites, and websites for end users.

Product pricing, performance, design, technology, reputation, and availability are all areas in which manufacturers compete. New product launches, expanding distribution networks, investing in research and development (R&D), and mergers and acquisitions are some of the strategies that businesses are employing to increase their market share and reach.

GCC Industrial Pumps Market Top Players Company Profile

  • Sulzer Ltd.

  • Flowserve Corporation

  • KSB AG

  • ITT Goulds Pumps

  • Ebara Corporation

  • Weir Group PLC

  • SPX Flow Inc.

  • Alfa Laval AB

  • Baker Hughes Company

  • Wilo SE

  • Kirloskar Brothers Limited

  • Gorman-Rupp Company

  • Pentair PLC

  • Tsurumi Manufacturing Co., Ltd.

  • Calpeda S.p.A.

  • Verder Group

  • ClydeUnion Pumps (SPX FLOW)

  • DESMI A/S

GCC Industrial Pumps Market Recent Developments

  • In 2022, Two of four old petrol pumps operated by Chandigarh Industrial and Tourism Development Corporation’s (CITCO’s) have reported a dip in profit, indicating that they are struggling to bring in customers and maintain sales.

GCC Industrial Pumps Key Market Trends

  • Rising exploration activities in the oil and gas sector due to the escalating energy demand represent one of the main factors driving the market growth. The market is also expanding as a result of the increasing emphasis placed on upgrading existing wastewater treatment facilities. This can also be a result of a lack of potable water, growing environmental concerns, and a growing awareness of the negative effects of drinking contaminated water.

GCC Industrial Pumps Market SkyQuest Analysis

Sky Quest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.

According to our GCC industrial pumps market analysis, The centrifugal pumps dominate the market as they are widely used for water and wastewater treatment, hydrocarbon processing, refineries, water injection, and pipeline services.

Report Metric Details
Market size value in 2021 USD 2.7 billion
Market size value in 2030 USD 4.2 billion
Growth Rate 4.5%
Base year 2021
Forecast period 2023-2030
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • centrifugal, reciprocating, rotary, and Other
  • Application
    • water and wastewater, oil and gas, chemicals and petrochemicals, power generation, mining industry, and others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Sulzer Ltd.

  • Flowserve Corporation

  • KSB AG

  • ITT Goulds Pumps

  • Ebara Corporation

  • Weir Group PLC

  • SPX Flow Inc.

  • Alfa Laval AB

  • Baker Hughes Company

  • Wilo SE

  • Kirloskar Brothers Limited

  • Gorman-Rupp Company

  • Pentair PLC

  • Tsurumi Manufacturing Co., Ltd.

  • Calpeda S.p.A.

  • Verder Group

  • ClydeUnion Pumps (SPX FLOW)

  • DESMI A/S

Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on GCC Industrial Pumps Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on GCC Industrial Pumps Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the GCC Industrial Pumps Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the GCC Industrial Pumps Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the GCC Industrial Pumps Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the GCC Industrial Pumps Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

GCC Industrial Pumps Market size was valued at USD 2.7 billion in 2021 and is poised to grow from USD 2.9 billion in 2022 to USD 4.2 billion by 2030, growing at a CAGR of 4.5% in the forecast period (2023-2030).

The market is characterized by the presence of both international and local producers due to the ongoing development in demand for water treatment in the coming years. Companies use a variety of channels to sell their products, such as company websites, e-commerce websites, merchant websites, distributor websites, and websites for end users. 'Grundfos Holding A/S', 'Xylem', ' Sulzer Ltd. ', ' Flowserve Corporation ', ' KSB AG ', ' ITT Goulds Pumps ', ' Ebara Corporation ', ' Weir Group PLC ', ' SPX Flow Inc. ', ' Alfa Laval AB ', ' Baker Hughes Company ', ' Wilo SE ', ' Kirloskar Brothers Limited ', ' Gorman-Rupp Company ', ' Pentair PLC ', ' Tsurumi Manufacturing Co., Ltd. ', ' Calpeda S.p.A. ', ' Verder Group ', ' ClydeUnion Pumps (SPX FLOW) ', ' DESMI A/S '

The requirement that refineries produce low-sulfur crude oil end products in order to comply with government regulations is the primary market driver for the industrial pumps market. Heavy investments in new infrastructure projects, the expansion of the oil and gas industry, and the expanding industrial sector worldwide are additional drivers of growth.

Rising exploration activities in the oil and gas sector due to the escalating energy demand represent one of the main factors driving the market growth. The market is also expanding as a result of the increasing emphasis placed on upgrading existing wastewater treatment facilities. This can also be a result of a lack of potable water, growing environmental concerns, and a growing awareness of the negative effects of drinking contaminated water.

Smart Tek Log is a leading industrial pump manufacturer in Saudi Arabia. Over the next few years, the USD 23 billion Barakah Nuclear Power Plant in the United Arab Emirates and the USD 563 million Doha South Sewage Treatment infrastructure in Qatar are anticipated to drive demand for industrial pumps in Saudi Arabia.

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GCC Industrial Pump market

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