Market Size of GCC and MENA Valves Industry
| 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 |
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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).
