Egypt Water Pump Market Synopsis
The Egypt Water Pump Market has grown significantly in recent years on the back of wastewater and water treatment plants development coupled with ongoing investment in infrastructure projects such as construction of new administrative capital with $40 billion worth of investment. The market was affected in 2020 by the COVID-19 pandemic, which caused a halt in construction projects, disruptions in the supply chain and temporary shutdown of industries. Furthermore, in the year 2022, Egypt has observed several economic disbalances such as rising inflation to 13.6% in July 2022 from 5.5% in July 2021 and increasing external foreign debt to $157.8 billion in March 2022 from $145.5 billion in December 2021, responsible for the ongoing economic crisis in Egypt. Hence, acting as a restraint for water pump market. However, the demand for water pumps would revive soon and is expected to further grow during the forecast period owing to continuation of development projects along with efforts to attract investments to support the government’s ambitious development targets.
According to 6Wresearch, Egypt Water Pump Market is expected to decline at a CAGR of -0.7% during 2022-2028. Egypt Water Pump Industry is likely to experience a decline in the forecast period on account of recurring effect of economic downfall in the country. The foreign currency reserves dropped from $37 billion to $35.5 billion from the period of March to May 2022. The devaluation of Egyptian pound more than 14% against US dollars and import restrictions imposed by Egyptian government has soared the price of water pumps in the country as majority of water pumps are imported from Europe and other countries. In addition, the conflict between Ukraine and Russia has increased economic uncertainty as the nation's debt to GDP ratio increased to 93.8%, requiring 54% of the state budget to be allocated for loan and interest repayment. Budget constraints for big projects and limitations on the imports would decline the water pump market in near future. The industry is one of the major parts of the Africa Water Pump Market.
Market by Types
Submersible water pump segment dominated the market in 2021 owing to its versatile use in agriculture and water treatment sector. Further, despite lack of liquidity and weak investment outlook for the Egyptian economy, submersible and split case segments would have positive growth over the forecast period due to expected recovery in water utility applications.
Market by Distribution Channels
Online channel is expected to see increase in market share in forecasted years owing to increasing usage of online tenders and procurement process to increase transparency in major projects.
Market by Applications
Water utility application dominated the water pump market in 2021 and same trend is expected to continue in upcoming years on account of rising number of water and wastewater treatment plants and irrigation systems. However, the slowdown in new wastewater, drainage and irrigation systems construction is one of the major factors for declining demand of water pumps in the near term.
Market by Region
The Sinai Peninsula region dominated the water pump market in 2021 and would be the largest market share in future on account of rising number of housing units, along with growing water treatment water industry. The current slump in demand is expected to subside over the forecast period and reposition the aforementioned region as the key growing markets for water pumps in Egypt.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 11 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2022
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Egypt Water Pump Market Overview
- Egypt Water Pump Market Outlook
- Egypt Water Pump Market Forecast
- Egypt Water Pump Revenues and Volume for the Period 2018-2028F.
- Historical Market Data and Forecast of Egypt Water Pump Revenues, By Distribution Channels for the Period 2018-2028F.
- Historical Market Data and Forecast of Egypt Water Pump Revenues, By Applications for the Period 2018-2028F.
- Historical Market Data and Forecast of Egypt Water Pump Revenues, By Region for the Period 2018-2028F.
- Historical Market Data and Forecast of Egypt Water Pump Revenues and Volume, By Types for the Period 2018-2028F.
- Egypt Water Pump Market Revenue Ranking, By Companies.
- COVID-19 Impact on Egypt Water Pump Market
- Market Drivers and Restraints
- Market Trends
- Market Opportunity Assessment
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
Thereportprovides a detailed analysis of the following market segments:
By Types
- End suction
- Split Case
- Self Priming
- Pressure boosting
- Submersible Pump
By Distribution Channels
- Online
- Offline
By Applications
- Residential
- Commercial
- Industrial
- Water Utilities
By Region
- Nile Valley and the Delta
- Western Desert
- Eastern Desert
- Sinai Peninsula
