GCC & MENA Valves Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 5.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
GCC & MENA Valves Market Analysis
The GCC and MENA valves market is expected to register a CAGR of over 5% during the forecast period (2022-2027).
The COVID-19 pandemic had negatively impacted the market, but the market has since stabilized, and it is expected to grow further in the future.
One of the major factors driving the growth of the market is the expanding power generation sector in the GCC countries.
By type, gate valves accounted for the largest share in the market. By application, the gate valve segment accounted for the largest market share, and it is expected to witness the fastest CAGR during the forecast period. Saudi Arabia dominated the market, and it is expected to witness a CAGR of over 7% during the forecast period (2022-2027).
GCC & MENA Valves Market Trends
This section covers the major market trends shaping the GCC & MENA Valves Market according to our research experts:
Increasing Demand from Industrial Applications
Valves are extensively used for industrial applications to control the flow of any fluid through a system. In industries, valves are used to start, throttle, or stop the fluid flow to ensure safe and efficient operation. They are used in various parts of daily mechanical devices, including applications in heating, ventilation, and air conditioning (HVAC) and water systems in offices and gasoline mechanisms for vehicles.
The usage of valves includes application in pipelines and the oil and gas, marine, power, food and beverage, and pharmaceutical industries.
Pipelines stand to be one of the most integral arrangements in various industries, such as oil and gas, refineries, and power generation, to transport oil/gas from their source to the place where they are to be used or transformed into final products.
Hence, all such industrial applications of valves and the anticipated growth of such industries in MENA and GCC countries are expected to drive the demand for valves for industrial applications at a steady pace in the coming years.
Saudi Arabia is Expected to Dominate the Market
The Saudi Arabian economy was majorly driven by the growth of the oil and gas industry, with the limited contribution of the non-oil sector to the Kingdom's GDP.
However, in its 10th development plan, the government came up with initiatives to reform the economic plans with investments in diversified sectors. It has been trying to attract private investments in the country to make it a diversified economy that is not dependent on oil. There are numerous oil and gas, refinery, and pipeline projects in the Kingdom, which are either in the planning, exploration, or construction phase. Such projects are likely to drive the demand in the valves market in the coming years.
The government further plans to diversify the economy through investments in non-oil industries, such as chemical, construction, healthcare, and automotive. This is expected to lead to an increase in water treatment plants, as pollution and water waste are expected to increase.
Moreover, water shortage increases the water treatment activities in the Kingdom, further driving the industrial valves market. In this regard, over USD 66 billion in long-term capital investments have been committed for water and sanitation projects in the Kingdom in the next decade, while the government aims to achieve 100% reuse of wastewater from cities with 5,000 inhabitants or more by 2025.
Owing to all these factors, the valves market in the region is likely to grow during the forecast period.
GCC & MENA Valves Industry Overview
The GCC and MENA valves market is partially consolidated in nature. The major companies (not in any particular order) include Baker Hughes, a GE Company, Crane Co., Emerson Electric Co., Schlumberger Limited, and Alfa Laval AB, among others.
GCC & MENA Valves Market Leaders
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Schlumberger Limited
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Baker Hughes, a GE Company
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Emerson Electric Co
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Alfa Laval AB
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Crane Co.
*Disclaimer: Major Players sorted in no particular order
GCC & MENA Valves Market News
The recent developments pertaining to the major players in the market are being covered in the complete study.
GCC & MENA Valves Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Expanding Power Generation Sector in GCC Countries
- 4.1.2 Surge in Oil Refining in the MEA Region
- 4.2 Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Consumers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Butterfly Valve
- 5.1.2 Ball Valve
- 5.1.3 Globe Valve
- 5.1.4 Gate Valve
- 5.1.5 Plug Valve
- 5.1.6 Other Types
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5.2 Application
- 5.2.1 Industrial
- 5.2.2 Municipal
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5.3 Geography
- 5.3.1 Saudi Arabia
- 5.3.2 United Arab Emirates
- 5.3.3 Qatar
- 5.3.4 Algeria
- 5.3.5 Egypt
- 5.3.6 Iran
- 5.3.7 Iraq
- 5.3.8 Rest of GCC and North Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share(%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Alfa Laval AB
- 6.4.2 AVK Gulf And Watecom International Water Network LLC
- 6.4.3 Emerson Electric Co.
- 6.4.4 Flowserve Corporation
- 6.4.5 IMI Critical Engineering
- 6.4.6 Baker Hughes, a GE Company
- 6.4.7 Georg Fischer Ltd
- 6.4.8 Danfoss AS
- 6.4.9 Crane Co.
- 6.4.10 Circor International Inc.
- 6.4.11 Honeywell International Inc.
- 6.4.12 Saint-Gobain
- 6.4.13 Schlumberger Limited
- 6.4.14 TechnipFMC PLC
- 6.4.15 The Weir Group PLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 GROWING NEED FOR WATER TREATMENT FACILITIES IN THE REGION
GCC & MENA Valves Industry Segmentation
Valves play an important role in fluid transfer and are especially important in the GCC and MENA region with oil production and low natural water resources. The GCC and MENA valves market is segmented by type (butterfly valve, ball valve, globe valve, gate valve, plug valve, and other types), application (industrial and municipal), and geography (Saudi Arabia, United Arab Emirates, Qatar, Algeria, Egypt, Iran, Iraq, and Rest of GCC and North Africa). The report offers the market sizes and forecasts for GCC and MENA in terms of revenue (USD million) for all the above segments.
| Type | Butterfly Valve |
| Ball Valve | |
| Globe Valve | |
| Gate Valve | |
| Plug Valve | |
| Other Types | |
| Application | Industrial |
| Municipal | |
| Geography | Saudi Arabia |
| United Arab Emirates | |
| Qatar | |
| Algeria | |
| Egypt | |
| Iran | |
| Iraq | |
| Rest of GCC and North Africa |
GCC & MENA Valves Market Research FAQs
What is the current GCC and MENA Valves Market size?
The GCC and MENA Valves Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in GCC and MENA Valves Market?
Schlumberger Limited, Baker Hughes, a GE Company, Emerson Electric Co, Alfa Laval AB and Crane Co. are the major companies operating in the GCC and MENA Valves Market.
What years does this GCC and MENA Valves Market cover?
The report covers the GCC and MENA Valves Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the GCC and MENA Valves Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
GCC & MENA Valves Industry Report
Statistics for the 2024 GCC & MENA Valves market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. GCC & MENA Valves analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
