Middle East & North Africa Water Pumps market 2027: size, growth drivers & competitive landscape

The Middle East & North Africa (MENA) Water Pumps Market is projected to grow at a CAGR of around 3.81% during the forecast period, i.e., 2022-27, says MarkNtel Advisors. The surging investment in the energy and power sector would attribute to the increasing demand for water pumps in the region. Moreover, the water pump market in the Middle East & Africa has seen several highs and lows during the past couple of years. The volatility in crude prices had a significant impact on the sales of water pumps in the region. The crude prices crashed from an all-time high in Q1 2014 to a historical low in 2021, and again skyrocketed in early 2022 owing to the Russian-Ukraine military conflict.