The market is dominated by foreign suppliers, as imports account for 87.2% of total market size in 2023. Investments drive market demand, with investments representing 59.1% of total demand in 2023. Saudi Arabia has the largest market size for pumps, compressors, taps and valves regionally, with demand reaching USD4.3 billion in 2023. Dresser Al-Rushaid Valve & Instrument Co Ltd is the largest company in Saudi Arabia, generating 42.6% of the industry’s total production value in 2023. The industry is concentrated, with the top five companies generating 63.2% of total production value in 2023. The total number of companies remains unchanged in 2023. The costs of the industry decrease by 4.4% in 2023, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 30.9% of production value in 2023, the sixth highest regionally. The industry’s exports share increases in 2023 to 10.1% of total production output. With production value of USD531 million, Saudi Arabia accounts for 17.0% of the Middle East and North Africa total in 2023.
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This Euromonitor industrial report provides unique information on Pumps, Compressors, Taps and Valves in Saudi Arabia: ISIC 2912. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Pumps, Compressors, Taps and Valves in Saudi Arabia: ISIC 2912 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
This is the aggregation of general purpose machinery and special purpose machinery.
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