Press release
Middle East Pumps and Valves Services Market Size and Forecast to Grow at a CAGR of 9.17% Till Year 2021
Pumps are mechanical devices that are used to transfer fluids from a source to a delivery point. They are required in almost all sectors to transport oil, water, and slurry from place to place. On the other hand, valves are devices that controls the passage of fluid through pipes and ducts, and are required to allow the movement of fluid in one direction.
Valves are responsible in maintaining the flow of fluid through any pipe or duct and can be used to start, stop or throttle the flow of liquid. The main aim of the valves is to ensure safety and efficiency of the process. The demand of pumps and valves is majorly driven by the oil and gas industry as the core of the business involves handling oil/oil products, and throughout the plant, there are requirements of pumps and valves to transport the fluid and maintain safety.
Technavios analysts forecast the pumps and valves services market in the Middle East to grow at a CAGR of 9.17% during the period 2017-2021.
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Covered in this report
The report covers the present scenario and the growth prospects of the pumps and valves services market in the Middle East for 2017-2021. To calculate the market size, the report considers the new installations, retrofit, replacements, spares, commissioning and decommissioning, as well as maintenance services..
The market is divided into the following segments based on geography:
Egypt
Iran
Iraq
Kingdom of Saudi Arabia (KSA)
Kuwait
Oman
Qatar
UAE
Technavio's report, Pumps and Valves Services Market in the Middle East 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Key vendors
Gates
General Electric (GE)
KSB
LEWA
Other prominent vendors
Weir
MEOS
Nasico
Sulzer
Grundfos
SPP Pumps
Trinity Holding
Hydro Middle East
PowerFlow Middle East
Market driver
Significant growth in the pumps and valves market
For a full, detailed list, view our report
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Market challenge
Increasing labor cost and standardization in service
For a full, detailed list, view our report
Market trend
Emergence of artificial lift solutions
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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