Dec 5, 2017 SOURCE: BusinessWire

Saudi Arabia Industrial Pumps Market 2017-2023: Market Forecast By Type, Centrifugal Type, Positive Displacement Type, Applications and Competitive Landscape - Research and Markets

The "Saudi Arabia Industrial Pumps Market (2017-2023): Market Forecast By Type, By Centrifugal Type, By Positive Displacement Type, By Applications, By Regions and Competitive Landscape" report has been added to Research and Markets' offering.

Saudi Arabia industrial pumps market recorded sluggish demand in 2016 on account of decrease in government spending on the back of falling crude oil prices. The Kingdom of Saudi Arabia lowered its budget on transportation and infrastructure projects in 2016 by over 60% as compared to 2015, which in turn majorly impacted the market for industrial pumps in Saudi Arabia.

Saudi Arabia Industrial Pumps market is projected to grow at a CAGR of 2.4% during 2017-23. Following the decline in 2015 & 2016, similar trend is expected in 2017 as well. However, the market is anticipated to recover post 2017 due to expected recovery of oil prices, rebound of construction industry, exponential growth across industrial sector and establishment of petrochemical industries.

Amongst all applications, oil & gas and chemical primarily Petrochemical and Fertilizers (PCF) were key adopters of industrial pumps in Saudi Arabia. Significant growth lies ahead for chemical, power and water and wastewater treatment applications.

The key players in Saudi Arabia industrial pumps market include: Flowserve-Al Rushaid Company Ltd., ITT Saudi Co., Sulzer Saudi Pump Company LLC, KSB Pumps Arabia Ltd., EBARA PUMPS SAUDI ARABIA LLC, Grundfos Saudi Arabia Company Ltd. and SPX Flow Saudi Arabia LLC.

The report thoroughly covers the Saudi Arabia industrial pumps market by types, applications, and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities/ high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.

Markets Covered

The report provides detailed analysis of the following market segments:

By Type
- Centrifugal Pump
- Positive Displacement Pump
By Centrifugal Type
- Single-Stage Pump
- Multi-Stage Pump
- Axial & Mixed-Flow Pump
- Submersible Pump
- Sealless & Circular Pump
By Positive Displacement Type
- Reciprocating
- Rotary
By Applications
- Chemical
- Construction
- Oil & Gas
- Water & Wastewater Treatment
- Power
- Others
By Regions
- Central
- Western
- Southern
- Eastern