(Aug. 13, 2014)—Countries in the Middle East will spend nearly 2.2 billion U.S. dollars for pumps next year. This is the latest forecast in Pumps World Market, published by the McIlvaine Company.
The report breaks down the predicted spending by industry. Oil and gas, refinery services and water are the top three industries for pumps spending next year, according to the report.
Countries included in the totals are Iran, Iraq, Saudi Arabia, United Arab Emirates, Kuwait, Oman, Qatar and others.
Separate forecasts by industry and pump type for each of the next five years are provided for each of the eight countries and one aggregation of small countries.
The largest market is oil and gas and accounts for 26 percent of the total. An equal amount will be spent by municipalities for water and wastewater. Desalination is a very big market in the region.
There is a trend toward increased use of reverse osmosis (RO) rather than thermal desalination. The pump expenditure is much higher in plants using the RO approach due to the high osmotic pressures which must be overcome.
The McIlvaine Company is a market research and knowledge services company. Founded in 1974, the company provides research reports, newsletters, article abstracts, and library and consulting support.