The Middle East and Africa centrifugal pumps market is expected to register a CAGR of about 4.6% over 2024-2029 period, according to a report.
The increasing demand for more efficient pumps and rapid industrialisation in the Middle East & Africa region is expected to propel the growth of the centrifugal pumps market. The growing need for better efficiency, especially across the oil and gas and water and wastewater industry, is also one of the key factors supporting the studied market growth, the Mordor Intelligence report said.
Centrifugal pumps are hydraulically operated machines that transfer fluids through increased pressure. These pumps can have different structures, but their fluid dynamic characteristics and working principle are mostly the same.
Centrifugal pumps are the most common types of pumps used in the oil and gas industry. These pumps use centrifugal force through the rotation of the pump impeller to draw fluid into the intake of the pump and force it through the discharge section via centrifugal force. The flow through the pump is controlled by discharge flow control valves. Single stage centrifugal pumps are primarily used for transferring low-viscosity fluids that require high flow rates. They are typically used as part of a larger pump network comprising other centrifugal pumps like horizontal multistage pump units for crude oil shipping or water injection pumps used in secondary oil and gas recovery.
The centrifugal pumps are also essential to the daily operation of many facilities, as they are typically low in cost, have low maintenance requirements, and have long operating lives. Considering the benefits, several vendors in the Middle East and Africa region offer various types of centrifugal pumps.
The swift increase in demand for centrifugal pumps from the industries such as oil and gas, water and wastewater, construction, etc., across numerous emerging countries in the Middle East & Africa region is a crucial factor driving the growth of the centrifugal pumps market.
As the rapid pace of urbanisation and industrial advancement in the MEA region has considerably strengthened the growth prospects of the pumps market, centrifugal pump companies have started focusing on refining the technology of the pumps, producing more specialised pumps to increase performance in specific applications. For instance, to cover the widest spectrum for various applications ranging from water pumping to the oil and gas industry, EBARA Pumps Middle East provides a wide range of 1.0 kW pumps to 10 MW pumps.
SAUDI ARABIA MARKET SHARE
The growing size of Saudi Arabia's oil and gas industry is driving the demand for centrifugal pumps. Single-stage centrifugal pumps, especially, are growing in order as they are primarily used to transfer low viscosity fluids. These pumps are typically part of a larger pump network comprising other centrifugal/other pumps like horizontal multistage pump units for water injection pumps used in secondary oil and gas recovery or crude oil shipping.
The Saudi Arabia Government is also increasing its investment in water and wastewater plants as the growth of the industrial sector and rapid urbanisation drive the demand for water in the country. The investments are being made mostly in the form of new wastewater treatment plants or water desalination plants wherein centrifugal pumps play an important role. Additionally, the demand for centrifugal pumps is also growing from other industries. For instance, in November 2021, Fives, a major supplier of centrifugal pumps, received a new contract for Cryomec centrifugal pumps from a major industrial gas complex in Jubail Industrial City, Saudi Arabia.
The Middle East and Africa Centrifugal Pumps Market is competitive and consists of several partakers like Baker Hughes Company, Flowserve Corporation, Schlumberger Limited, Sulzer and Xylem, among others. The companies are focusing on increasing their market presence by forming multiple partnerships, investing in projects, and launching new products in the market.
