Report forecast the pumps and valves
services market in the Middle East to grow at a CAGR of 9.17% during the period
2017-2021.
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.
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
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.
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 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.
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?
Spanning over 88 pages “Pumps
and Valves Services Market in the Middle East 2017 - 2021” report
covers Executive summary, Introduction, Scope of the report, Research
Methodology, Market landscape, Market segmentation by type, Market segmentation
by end-user, Geographical segmentation, Decision framework, Drivers and
challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
Please visit this link for more details: http://mrr.cm/UNK
Find all Industry
& Manufacturing Reports at: https://www.marketresearchreports.com/industry-manufacturing
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