Saudi Arabia Centrifugal Pump And Service & Spare Parts Market Outlook (2022-2028) | Trends, Growth, Size, COVID-19 IMPACT, Analysis, Industry, Revenue, Companies, Share, Forecast & Value

Market Forecast By Types (Pump (ISO/ASME Pump (Chemical Application), OH2 Pump (Oil & Gas Application), Vertical Multistage (Building Construction Application), End Suction (Building Construction & Water and Wastewater Application)), 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) and competitive landscape

Product Code: ETC180923 Publication Date: Mar 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 86 No. of Figures: 20 No. of Tables: 6

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 6Wresearch, 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
    • Pump
      • ISO/ASME Pump (Chemical Application)
      • OH2 Pump (Oil & Gas Application)
      • Vertical Multistage (Building Construction Application)
      • End Suction (Building Construction & Water and Wastewater Application)
      • Others
    • 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
Saudi Arabia Centrifugal Pump And Service & Spare Parts Market: FAQs

Does the report consider COVID-19 impact?

The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.

How much growth is expected in the Saudi Arabia Centrifugal Pump and Service & Spare parts market over the coming years?

The Saudi Arabia Centrifugal Pump and Service & Spare parts market revenue is anticipated to record a CAGR of 8.6% during 2022-28.

Which segment is exhibited to gain traction over the forecast period?

By types, pump segment would record key growth throughout the forecast period 2022-28.

Who are key the key players of the market?

The key players of the market include- Flowserve corporation, KSB SE & Co. KGaA, Sulzer Management Ltd., Grundfos Holding A/S, EBARA Corporation, ITT INC., Xylem INC., Wilo Group, Arabian Pumps and SPX FLOW, INC.

We also want to have market reports for other countries/regions.

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How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Table of Content

1. Executive Summary

2. Introduction

2.1. Report Description

2.2. Key Highlights of the Report

2.3. Market Scope & Segmentation

2.4. Research Methodology

2.5. Assumptions

3. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Overview

3.1. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, 2018-2028F

3.2. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Industry Life Cycle

3.3. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Porter's Five Forces

3.4. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenue Share, By Types, 2021 & 2028F

3.5. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenue Share, By Applications, 2021 & 2028F

3.6. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenue Share, By Pump Service Vs. Spare Parts, 2021 & 2028F

3.7. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenue Share, By Regions, 2021 & 2028F

4. Impact Analysis of COVID-19 on Saudi Arabia Centrifugal Pump and Service & Spare Parts Market

5. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Dynamics

5.1. Impact Analysis

5.2. Market Drivers

5.3. Market Restraints

6. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Trends

7. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Overview, By Types

7.1. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Pump Types, 2018-2028F

7.1.1. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By ISO/ASME Pump, 2018-2028F

7.1.2. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By OH2 Pump, 2018-2028F

7.1.3. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Vertical Multistage, 2018-2028F

7.1.4. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By End Suction, 2018-2028F

7.1.5. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Others, 2018-2028F

7.2. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Service & Spare Parts, 2018-2028F

8. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Overview, By Applications

8.1. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Water and Wastewater, 2018-2028F

8.2. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Oil & Gas, 2018-2028F

8.2.1. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Upstream Oil & Gas, 2018-2028F

8.2.2. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Midstream Oil & Gas, 2018-2028F

8.2.3. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Downstream Oil & Gas, 2018-2028F

8.3. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Energy (Renewable & Conventional), 2018-2028F

8.4. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Mining, 2018-2028F

8.4.1. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Slurry, 2018-2028F

8.4.2. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Non-Slurry, 2018-2028F

8.5. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Building Service, 2018-2028F

8.6. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Others, 2018-2028F

9. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Overview, By Service Types

9.1. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Pump Service, 2018-2028F

9.2. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Spare Parts, 2018-2028F

10. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Overview, By Regions

10.1. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Eastern Region, 2018-2028F

10.2. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Western Region, 2018-2028F

10.3. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Central Region, 2018-2028F

10.4. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Southern Region, 2018-2028F

11. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market - Key Performance Indicators

12. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Opportunity Assessment

12.1. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Opportunity Assessment, By Pump Types, 2028F

12.2. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Opportunity Assessment, By Applications, 2028F

13. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Competitive Landscape

13.1. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Company Ranking, By Companies, 2021

 13.2. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Competitive Benchmarking, By Technical Parameters

 13.3. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Competitive Benchmarking, By Operating Parameters

14. Company Profiles

14.1. Sulzer Management Ltd.

14.2. Grundfos Holding A/S

14.3. KSB SE & Co. KGaA

14.4. EBARA Corporation

14.5. Flowserve Corporation

14.6. ITT INC.

14.7. Xylem INC.

14.8. Wilo Group

14.9. Arabian Pumps

14.10. SPX FLOW, INC.

15. Key Strategic Recommendations

16. Disclaimer

List of Figures

Figure 1. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, 2018-2028F ($ Million)

Figure 2. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenue Share, By Types, 2021 & 2028F

Figure 3. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenue Share, By Applications, 2021 & 2028F

Figure 4. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenue Share, By Service Types, 2021 & 2028F

Figure 5. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenue Share, By Regions, 2021 & 2028F

Figure 6. Saudi Arabia Products of the chemical or allied industries, Exports, Q2 and Q3 2020 vs Q2 and Q3 2021, (Million Riyals)

Figure 7. Saudi Arabia Mining Sector Contribution to GDP, Q2 2021 vs Q3 2021, (Million Riyals)

Figure 8. Saudi Arabia ISO/ASME Pump Market Revenue, 2018-2028F ($ Million)

Figure 9. Saudi Arabia OH2 Pump Market Revenue, 2018-2028F ($ Million)

Figure 10. Saudi Arabia Vertical Multistage Pump Market Revenue, 2018-2028F ($ Million)

Figure 11. Saudi Arabia End Suction Pump Market Revenue, 2018-2028F ($ Million)

Figure 12. Saudi Arabia Other Pump Types Market Revenue, 2018-2028F ($ Million)

Figure 13. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Pump Service, 2018-2028F ($ Million)

Figure 14. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Spare Parts, 2018-2028F ($ Million)

Figure 15. Saudi Arabia Residential Supply, H2 2021 (Thousand Units)

Figure 16. Saudi Arabia Newly Discovered Oil & Gas Fields, 2021

Figure 17. Saudi Arabia Estimated Oil Production, 2021-2023F (million barrels/day)

Figure 18. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Opportunity Assessment, By Pump Types, 2028F

Figure 19. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Opportunity Assessment, By Applications, 2028F

Figure 20. Figure 19: Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Company Revenue Share, By Companies, 2021

List of Tables

Table 1. Saudi Arabia Upcoming Mega Projects, 2021

Table 2. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Types, 2018-2028F ($ Million)

Table 3. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Applications, 2018-2028F ($ Million)

Table 4. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Oil & Gas Applications, 2018-2028F ($ Million)

Table 5. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Mining Applications, 2018-2028F ($ Million)

Table 6. Saudi Arabia Centrifugal Pump and Service & Spare Parts Market Revenues, By Regions, 2018-2028F ($ Million)

 

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