Middle East & Africa Hydraulic Pumps Market
No. of Pages: 76 | Report Code: BMIRE00030456 | Category: Manufacturing and Construction
No. of Pages: 76 | Report Code: BMIRE00030456 | Category: Manufacturing and Construction
The Middle East & Africa hydraulic pumps market was valued at US$ 424.97 million in 2022 and is expected to reach US$ 539.48 million by 2030; it is estimated to register a CAGR of 3.0% from 2022 to 2030. Growing Wastewater Treatment Projects Bolster Middle East & Africa Hydraulic Pumps Market
Municipal wastewater treatment operations are continuously evolving to replace and upgrade aging infrastructure. Countries across the globe are sustainably investing in wastewater treatment activities, which is expected to create opportunities in the market. For instance, in 2024, Egypt's Minister of International Cooperation inked a US$ 53.6 million (50 million) funding agreement with the French Development Agency (AFD), in addition to a further grant of US$ 1.6 million (1.5 million). The partnership seeks to facilitate the completion of the Al Gabal Al Asfar Wastewater Treatment Plant's third phase. According to Hassan Allam Holding, the 1,800,000 m3/day wastewater treatment plant in Cairo is the biggest in the MENA region. Additionally, in February 2024, a ~US$ 434 million investment plans was introduced by the European Bank for Reconstruction and Development for Morocco's water sector, which has been experiencing significant difficulties as a result of the country's drought and water crises. The purpose of this funding is wastewater treatment and reuse.
Piston pumps are widely used in wastewater treatment plants. These pumps move liquids through a cylinder or hose and then transfer high-viscosity liquids, such as pastes or sludges. The pump allows consistent collection and separation of solid waste from liquid. It effectively removes large debris and sediments throughout the wastewater treatment cycle, which is expected to increase its adoption in the near future. Growing number of wastewater treatment projects and increasing investment in wastewater treatment plants are expected to boost the hydraulic pumps market growth during the forecast period.Middle East & Africa Hydraulic Pumps Market Overview
Geographically, the hydraulic pumps market in the Middle East & Africa is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The demand for cars among consumers is increasing in the Middle East, especially in Saudi Arabia and Dubai, which creates opportunities for hydraulic pump market players to streamline business operations. The demand for luxury cars is growing in Dubai, which increases the demand for hydraulic pumps among luxury car manufacturers. The pumps are in demand in luxury cars for various purposes, including active suspension systems, convertible roofs, and power steering. Hydraulic pumps offer smooth and precise operation in luxury cars by providing a high-end driving experience and comfort to the drivers. The government of Dubai estimated that the city will have 18 million cars and 9 million commercial vehicles by the end of 2023. The rising demand for cars and commercial vehicles has increased the adoption of hydraulic pumps among automotive manufacturers, propelling the market growth.
The market in North Africa is projected to grow in the near future due to the growing agricultural activities. Hydraulic pumps offer significant benefits to precise and smart agriculture. For instance, as per the GSM Association Report 2021, smart agriculture activities have the potential to reduce the ecological footprint of farming and reduce costs by increasing agricultural productivity in the countries of North Africa. The government of Morocco is prioritizing smart farming by launching its "Green Generation 2020-2030" strategy, which includes the introduction of new technologies, precise and smart farming, and digitalization in the agricultural sector. Hydraulic pumps are used in numerous agricultural equipment and machinery, including tractors, harvesting equipment, and irrigation systems. The use of hydraulic pumps in precision agriculture helps farmers control the working of tractors, such as lifting, lowering, and controlling numerous tools attached to them. However, significant benefits offered by hydraulic pumps to increase yield productivity are driving the market.
Middle East & Africa Hydraulic Pumps Market Revenue and Forecast to 2030 (US$ Million)
Strategic insights for the Middle East & Africa Hydraulic Pumps provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market. The geographic scope of the Middle East & Africa Hydraulic Pumps refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Get more information on this report Middle East & Africa Hydraulic Pumps Strategic Insights
Get more information on this report Middle East & Africa Hydraulic Pumps Report Scope
Report Attribute
Details
Market size in 2022
US$ 424.97 Million
Market Size by 2030
US$ 539.48 Million
Global CAGR (2022 - 2030)
3.0%
Historical Data
2020-2021
Forecast period
2023-2030
Segments Covered
By Type
By Application
Regions and Countries Covered
Middle East and Africa
Market leaders and key company profiles
Get more information on this report Middle East & Africa Hydraulic Pumps Regional Insights
Get more information on this report
Middle East & Africa Hydraulic Pumps Market Segmentation
The Middle East & Africa hydraulic pumps market is categorized into type, application, and country.
Based on type, the Middle East & Africa hydraulic pumps market is segmented into gear pump, piston pump, and vane pump. The gear pump segment held the largest Middle East & Africa hydraulic pumps market share in 2022.
In terms of application, the Middle East & Africa hydraulic pumps market is segmented into construction, commercial vehicles, agriculture vehicles, aerospace, and others. The construction segment held the largest Middle East & Africa hydraulic pumps market share in 2022.
By country, the Middle East & Africa hydraulic pumps market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. The UAE dominated the Middle East & Africa hydraulic pumps market share in 2022.
Bosch Rexroth Ltd, Danfoss LLC, Linde Hydraulics GmbH & Co KG, HYDAC International GmbH, Parker Hannifin Corp, Kawasaki Heavy Industries Ltd, Daikin Industries Ltd, and Bucher Hydraulics GmbH are some of the leading companies operating in the Middle East & Africa hydraulic pumps market.
1. Bosch Rexroth Ltd
2. Danfoss LLC
3. Linde Hydraulics GmbH & Co KG
4. HYDAC International GmbH
5. Parker Hannifin Corp
6. Kawasaki Heavy Industries Ltd
7. Daikin Industries Ltd
8. Bucher Hydraulics GmbH
The Middle East & Africa Hydraulic Pumps Market is valued at US$ 424.97 Million in 2022, it is projected to reach US$ 539.48 Million by 2030.
As per our report Middle East & Africa Hydraulic Pumps Market, the market size is valued at US$ 424.97 Million in 2022, projecting it to reach US$ 539.48 Million by 2030. This translates to a CAGR of approximately 3.0% during the forecast period.
The Middle East & Africa Hydraulic Pumps Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Middle East & Africa Hydraulic Pumps Market report:
The Middle East & Africa Hydraulic Pumps Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Middle East & Africa Hydraulic Pumps Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Middle East & Africa Hydraulic Pumps Market value chain can benefit from the information contained in a comprehensive market report.
Office No. 1011, First floor, Farena Corporate Park, Magarpatta-Mundhwa road, Pune - 411028, Maharashtra, India
UK+442030260021, US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For Middle East & Africa Hydraulic Pumps Market
