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

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

About Pumps and Valves Services

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.

Technavio’s 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.

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.

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
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?


Press Release

Technavio Announces the Publication of its Research Report – Pumps and Valves Services Market in the Middle East 2017-2021

Technavio recognizes the following companies as the key players in the pumps and valves services market in the Middle East: Gates, General Electric (GE), KSB, and LEWA

Other Prominent Vendors in the market are: Weir, MEOS, Nasico, Sulzer, Grundfos, SPP Pumps, Trinity Holding, Hydro Middle East, and PowerFlow Middle East.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing adoption of intelligent pumps in GCC. The increasing focus on energy-efficient equipment and the rising awareness is influencing the adoption of intelligent pumps. Intelligent pumps have the capability to adjust the process changes in the pump systems and operate only when all the circumstances and conditions are checked to be safe.”

According to the report, one of the major drivers for this market is Significant growth in the pumps and valves market. The increasing production of oil and gas, petroleum and petrochemical products, along with the trends of water and wastewater treatment have increased the demand of pumps and valves market. Most of the industries are undertaking new exploration activities and pipeline projects, owing to the high demand for transporting oil and recycled water within industries. Pumps and valves are the key components. and the services related to their market are the basic requirements to maintain operations and sustain production in industries.

Further, the report states that one of the major factors hindering the growth of this market is Increasing labor cost and standardization in service. The services required by pumps and valves need highly skilled labor to achieve proper and continuous operations in process industries. However, the presence of unskilled labor and the lack of adequate expertise in the concerned market is a major threat. In addition, the rising labor costs have also become a major issue for vendors. These services require professional supervisors, skilled technicians, as well as unskilled labor for different tasks. The percentage increase in labor costs is a challenge for vendors offering services related to the pumps and valves market. It becomes difficult to retain the existing staff and maintain the required workforce.

Companies Mentioned

Gates, General Electric (GE), KSB, and LEWA, Weir, MEOS, Nasico, Sulzer, Grundfos, SPP Pumps, Trinity Holding, Hydro Middle East, and PowerFlow Middle East.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Market outline
      • Table Application of pumps and valves
  • Market landscape
    • Market overview
      • Table Segmentation of pumps and valves services market in Middle East
    • Market size and forecast
      • Table Pumps and valves services market in Middle East 2016-2021 ($ millions)
      • Table Comparative analysis of pumps and valves services between in-house services andoutsourced services
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by type
    • Market overview
      • Table Segmentation of pumps and valves services market in Middle East by type 2016and 2021 (% share)
      • Table Different types of pumps and valves used in industries
      • Table Comparison of the segments with the overall market
      • Table Global pumps and valves services market in Middle East by type 2016-2021($ millions)
      • Table CAGR of the segments with their respective revenues in 2016 and 2021
      • Table Growth rates of pumps and valves services market in Middle East (% growth)
    • Pumps Services Market in Middle East
      • Table Pumps services market in Middle East 2016-2021 ($ millions)
      • Table Pumps services
    • Valves services market in Middle East
      • Table Valves services market in Middle East 2016-2021 ($ millions)
      • Table Different valves services
  • Market segmentation by end-user
    • Market overview
      • Table Segmentation of pumps and valves services market in Middle East by end-user2016 and 2021 (% share)
    • Pumps and valves services market in Middle East in oil and gas industry
      • Table Pumps and valves services market in Middle East in oil and gas industry 2016-2021($ millions)
      • Table Segmentation of global pump and valves services market in oil and gas based on area of application (Middle East)
      • Table Pumps and valves service market in Middle East in oil and gas industry
    • Pumps and valves services market in Middle East in chemical and petrochemical industry
      • Table Pumps and valves services market in Middle East in chemical and petrochemicalindustry 2016-2021 ($ millions)
      • Table Pumps and valves service market in Middle East in chemical and petrochemical industry
    • Pumps and valves services market in Middle East in water and wastewater industry
      • Table Pumps and valves services market in Middle East in water and wastewater industry2016-2021 ($ millions)
      • Table Pumps and valves service market in Middle East in water and wastewater industry
    • Pumps and valves services market in Middle East in power industry
      • Table Pumps and valves services market in Middle East in power industry 2016-2021($ millions)
      • Table Pumps and valves service market in Middle East in power industry
    • Pumps and valves services market in Middle East in other industries
      • Table Pumps and valves services market in Middle East in other industries 2016-2021($ millions)
  • Geographical segmentation
    • Market Overview
      • Table Pumps and valves services market segmentation in Middle East by geography 2016and 2021 (% share)
    • Pumps and valves services market in KSA
      • Table Pumps and valves services market in KSA 2016-2021 ($ millions)
      • Table GDP of KSA ($ billions)
      • Table Forecasted % change in the GDP of KSA
      • Table Parameters that justify the growth of the concerned market in KSA
      • Table Plans in KSA to improve the non-oil sectors
    • Pumps and valves services market in Iraq
      • Table Pumps and valves services market in Iraq 2016-2021 ($ millions)
      • Table GDP of Iraq ($ billions)
      • Table Forecasted % change in the GDP of Iraq
      • Table Factors affecting the market of Iraq's economy
      • Table Major investments in Iraq to improve the economy
    • Pumps and valves services market in Iran
      • Table Pumps and valves services market in Iran 2016-2021 ($ millions)
      • Table GDP of Iran ($ billions)
      • Table Forecasted % change in the GDP of Iran
      • Table Factors affecting the market of Iran's economy
      • Table Major deals in Iran to improve the economy
    • Pumps and valves services market in UAE
      • Table Pumps and valves services market in UAE 2016-2021 ($ millions)
      • Table GDP of UAE ($ billions)
      • Table Forecasted % change in the GDP of UAE
      • Table Factors affecting the market of UAE's economy
      • Table Major strengths of UAE
    • Pumps and valves services market in Kuwait
      • Table Pumps and valves services market in Kuwait 2016-2021 ($ millions)
      • Table GDP of Kuwait ($ billions)
      • Table Forecasted % change in the GDP of Kuwait
      • Table Factors affecting the market of Kuwait 's economy
    • Pumps and valves services market in other countries
      • Table Pumps and valves services market in other countries 2016-2021 ($ millions)
      • Table Comparative study of the three countries
      • Table Major industries which will promote the concerned market in the three countries
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • Increasing adoption of intelligent pumps in GCC
      • Table Benefits of intelligent pumps
    • Emergence of artificial lift solutions
      • Table Benefits of artificial lift solutions
    • Enhancement of distributor-end-user relationship
  • Vendor landscape
    • Competitive landscape
      • Table Competition scenario in pumps and valves services market in Middle East
    • Other prominent vendors
      • Table Other prominent vendors
  • Key vendor analysis
    • Gates
      • Table Industries served by Gates
    • General Electric (GE)
      • Table GE: Business units
      • Table Service portfolio of GE
    • KSB
      • Table Industries served by KSB
      • Table Service portfolio of KSB
    • LEWA
      • Table Service portfolio of LEWA
  • Appendix
    • List of abbreviations
  • Explore Technavio

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