Saudi Arabia Centrifugal Pump And Service & Spare Parts Market report comprehensively covers the market by types, applications, service types, and regions. The market report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Saudi Arabia Centrifugal Pump and Service & Spare parts Market Synopsis
Saudi Arabia centrifugal pump and service & spare parts market grew considerably in 2018-2021 owing to increasing construction and infrastructure in the country. Further, the country being second largest oil reserve in the world coupled with positive outlook of rules and regulations in the mining sector such as Mining Investment Code and Mineral Resources Executive Regulation to encourage private investment in the sector augmented the growth of pump and service & spare parts in the country in the previous period. Furthermore, the spread of COVID-19 in 2020 resulted in turmoil product growth due to the lockdown measures adopted to curb the spread of the virus, which in turn led to a downfall in revenues during pandemic. However, with the gradual upliftment of lockdown restrictions, sales of centrifugal pumps begun to get back on track as operations in industries and construction resumed, which led Saudi Arabia centrifugal pump and service & spare parts market back to its growth trajectory.
According to the publisher, Saudi Arabia Centrifugal Pump And Service & Spare Parts Market size is projected to grow at a CAGR of 8.6% during 2022-2028. The government tourism project Journey Through Time, recreational and education facilities project Qiddiya, smart city projects, construction of tallest building Jeddah Tower among others would augment the demand for centrifugal pump and service & spare parts market in the coming years. Additionally, government initiatives such as Vision 2030 and Green Saudi for sustainable infrastructure would provide opportunities for deployment of pump and service & spare parts in the country in the years to come.
Market by Types Analysis
By types, pump segment accounted for maximum revenue size in 2021 and the same trend is expected to follow in the upcoming years as well on the back of rising buildings and mining sector. Further, the high adoption rate of pump is due to its applicability in chemical, oil and gas and energy sectors along with water and wastewater treatment plants would fuel the demand for pump and service & spare parts in the forthcoming years.
Market by Application Analysis
Amongst the applications, the building service segment witnessed the maximum market share centrifugal pumps in 2021 followed by the mining sector in the forecasted time frame and is expected to grow with a CAGR of 9.4%. Mining has been designated as a transformation target in the country's Vision 2030, and as the third pillar of the oil, gas, and petrochemical industries.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Overview
- Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Outlook
- Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Forecast
- Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Growth
- Historical Data and Forecast of Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, and Market Growth for the Period 2018-2028F
- Historical Data and Forecast of Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Types, for the Period 2018-2028F
- Historical Data and Forecast of Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Service Types, for the Period 2018-2028F
- Historical Data and Forecast of Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Applications, for the Period 2018-2028F
- Historical Data and Forecast of Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Regions, for the Period 2018-2028F
- Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Share, By Market Players
- Market Drivers and Restraints
- Market Trends
- Competitive Benchmarking
- Key Strategic Recommendations
- Market Ranking, By Companies
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Types
(a) Pumps
- ISO/ASME Pump (Chemical Application)
- OH2 Pump (Oil & Gas Application)
- Vertical Multistage (Building Construction Application)
- End Suction (Building Construction & Water and Wastewater Application)
- Others
(b) By Service & Spare Parts
By Applications
- Water and Wastewater
- Oil & Gas (including Chemicals and focus on Chemicals Downstream)
- Oil & Gas Upstream
- Oil & Gas Midstream
- Oil & Gas Downstream
- Energy (Renewable & Conventional)
- Mining
- Slurry
- Non-Slurry
- Building Service
- Others
By Service Types
- Pump Service
- Spare Parts
By Regions
- Western Region
- Eastern Region
- Central Region
- Southern Region
Table of Contents
1. Executive Summary
Companies Mentioned
- Sulzer Management Ltd.
- Grundfos Holding A/S
- KSB SE & Co. KGaA
- EBARA Corporation
- Flowserve Corporation
- ITT INC.
- Xylem INC.
- Wilo Group
- Arabian Pumps
- SPX FLOW, INC.
