Pumps and Valves Services Market in the Middle East 2017-2021

Overview of the pumps and valves services market in the Middle East

Research analysis on the pumps and valves services market in the Middle East identifies that the rising requirement for lowering the operational costs will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 9% by 2021. Currently, the new-age pumps consist of energy-efficient motors to lower the energy consumption which requires adequate services. Pumps and valves regulate the flow of liquids and are extremely susceptible to wear and tear. This affects the performance of the pumps and eventually results in mechanical loss, leakage, and energy losses. Components in these pumps such as the seals, rings, bearings, and shafts also damage due to continuous usage. This will lead to breakdowns during operation which can be avoided by investing in pumps and valves services, by maintaining a suitable schedule of services, and by keeping a track of changes in performances. Though this will increase initial investments, it will increase profits in the longer run by offering better productivity, increased equipment life, and secured assets.

In terms of geographic regions, KSA will be the major revenue contributor to the pumps and valves services market in the Middle East throughout the forecast period. The high dependence on the oil and gas industry and the growing investments for renewable energy, will be the major factors driving the market's growth in the region.

Competitive landscape and key vendors  

The pumps and valves services market in the Middle East consists of many established vendors. The vendors act according to the market trends and are concentrating on providing customized services with less response time. The market is likely to witness the entry of new vendors, which will intensify the market's competitive environment.

The leading vendors in the market are ?

• Gates
• General Electric (GE)
• KSB
• LEWA

The other prominent vendors in the market are Weir, MEOS, Nasico, Sulzer, Grundfos, SPP Pumps, Trinity Holding, Hydro Middle East, and PowerFlow Middle East.

Segmentation by type and analysis of the pumps and valves services market in the Middle East

• Pumps services
• Valves services

During 2016, the pumps services segment accounted for the major shares of the pumps and valves services market in the middle east. Factors such as the regular maintenance of pumps and the provision of technology upgrades, modifications, and pumps part replacements, will contribute to the growth of the pumps services market segment in the coming years.

Segmentation by end-user and analysis of the pumps and valves services market in the Middle East

• Oil and gas industry
• Water and wastewater industry
• Chemical and petrochemical industry
• Power industry

According to this market research report, the oil and gas industry will be the major end-user to the pumps and valves services market in the Middle East until 2021. High investments in oil field projects, improved technology incorporation, and the rise in onshore field projects, will drive the growth of the market in the oil and gas industry segment. 

Key questions answered in the report include

• What will the pumps and valves services market size and the growth rate be in 2021?
• What are the key factors driving the pumps and valves services market in the Middle East?
• What are the key market trends impacting the growth of the pumps and valves services market in the Middle East?
• What are the challenges to market growth?
• Who are the key vendors in the pumps and valves services market in the Middle East?
• What are the market opportunities and threats faced by the vendors in the pumps and valves services market in the Middle East?
• Trending factors influencing the market shares of KSA, Iraq, Iran, UAE, and Kuwait.
• What are the key outcomes of the five forces analysis of the pumps and valves services market in the Middle East?

Technavio also offers customization on reports based on specific client requirement.

The automation industry has experienced a shift due to digitalization in the end user industries like building automation and control systems and distribution automation solutions. This upcoming market research report on pumps and valves services, for the forecast period of 2017 to 2021 includes an analysis of cohesive components like installation, repair, replacement, and refurbishment of pumps and valves in industries.

This industry report on the pumps and valves services market also covers vendors like ACTION, LEWA, GE, Weir, and KSB to offer clients insights into the market's competitive landscape. As per our market research experts, the advent of intelligent pump solutions is a major trend in this industry. Additionally, to help clients grow in this market space, this upcoming market research report on the pumps and valves services also covers geographies like the KSA, UAE, Qatar, and Kuwait. Additionally, this report also segments the market space in terms of end-user and analyzes the growth potential of market segments like oil and gas, chemical and petrochemical, water and wastewater treatment, mining, power, and food and beverages.

Our market research reports for the automation industry also offer an analysis of rapidly-growing market segments like the global SCADA market and the global modular tower lights market, which are anticipated to post an impressive CAGR of around 7% and 2%, respectively by 2021.

Our market research methodology for the pumps and valves services market in the middle east

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.