The Middle East & North Africa (MENA) Centrifugal Water Pumps Market size was valued at around USD 8.9 billion in 2023 & is estimated to reach around 12.5 billion by 2030. The market is expected to grow at a CAGR of around 5.8% during the forecast period, i.e., 2024-30.
Increasing Demand from Mining & Mineral Extraction Industries – The region covering the Middle East and North Africa is rich with oil and gas reserves, even some of the economies of the region are reliant on oil extraction and mining only. For human civilization, mineral extraction is an essential activity, as the extracted minerals are widely used in different industries, including manufacturing, healthcare, pharmaceuticals, chemicals & petrochemicals, and power generation. Also, we know that water pumps are an indispensable part of the mining and extraction industries.
Other mining activities include balancing the temperature using cooling systems near the power generators, dewatering mines, and repression of dirt and fine particles throughout minerals processing, all these activities require large amounts of water. The expansion of all these mineral extracting industries and the associated vital role played by centrifugal water pumps in the industries during mining activities is augmenting the growth & expansion of the centrifugal industry in the region and is anticipated to drive effective demand during the forecast period as well.
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Agrivoltaics Size, Share & Industry Trends Analysis - By Type (Overhung Pumps, (Vertical Line, Horizontal End Suction), Split Case Pumps, (Single/Two Stage, Multi Stage), Vertical Pumps, (Turbine, (Solid Handling, Non-Solid Handling), Axial, Mixed Flow, (Submersible Pumps, (Solid Handling, Non-Solid Handling)), By Operation Type (Electrical, Hydraulic, Air- Driven), By End User (Residential, Commercial, Industrial, (Oil & Gas, Power Generation, Water & Waste Water Treatment, Mining & Metal, Others (Automotive, Textile, etc.)), Agriculture and Irrigation)), and Others
- By Region
From all of these, Saudi Arabia is expected to remain a prevailing market for Centrifugal Water Pumps during the forecast period.
Companies are strengthening their presence in the Middle East & North Africa (MENA) Centrifugal Water Pumps Market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.
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