Saudi Arabia Water Pump Sales to Cross $ 319 Million by 2023
Growing water &
wastewater treatment industry, expanding pump services & replacement
market, and increasing number of residential and commercial construction
projects to drive Saudi Arabia water pumps market through 2023
According
to TechSci Research report, “Saudi Arabia Water Pumps Market By Type, By Application, Competition Forecast &
Opportunities, 2013 – 2023’’, water pumps market in Saudi Arabia is
forecast to surpass $ 319 million by 2023. Increasing number of construction
activities in real estate, commercial and infrastructure sectors; installation
of new desalination and water treatment plants to meet the growing demand for
quality drinking water; and rising number of chemical processing, food &
beverage processing, and iron and steel manufacturing plants are the key
factors anticipated to boost demand for water pumps in the country. Moreover,
growth in the market is expected to be driven by government efforts towards
fixing the country’s aging water infrastructure.
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Based on application, the municipal water & wastewater treatment segment
holds the largest share in Saudi Arabia water pumps market. The development of new desalination plants in
the country, along with intensive cleaning activities of wastewater treatment
plants, is resulting in huge demand for water pumps in the segment. In Saudi
Arabia, demand for centrifugal water pumps is higher compared to positive
displacement water pumps, as the former type of water pumps are smaller in size,
easy to maintain and capable of dealing with large volumes of water. Thus, centrifugal
water pumps are extensively used across municipal water & wastewater
industry in the country. Grundfos Saudi Arabia Company Ltd. grabbed the largest
share in Saudi Arabia water pumps market in 2017. The company offers both
centrifugal and positive displacement water pumps in a wide range of designs
and capacities.
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“Northern & Central region is the largest demand generating region
for water pumps in Saudi Arabia, backed by increasing number of desalination
and municipal water treatment plants in the region. Moreover, growing construction
activities and setting up of new chemical processing and cement manufacturing
plants in Riyadh and installation of new oil & gas manufacturing facilities
in the Northern Province are expected to further boost demand for water pumps
in the region over the course of next five years.”, said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Saudi Arabia Water Pumps Market By Type, By
Application, Competition Forecast & Opportunities, 2013 – 2023” has
evaluated the future growth potential of Saudi Arabia water pumps market and
provides statistics and information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with major drivers,
challenges and opportunities in Saudi Arabia water pumps market.
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