Population growth to drive pumps market in Middle East
Population growth, urbanisation, industrialisation and water scarcity will continue to drive the pumps market, said Gassan Mutwali, director of strategy and business development at Xylem
Population growth, urbanisation, industrialisation and water scarcity will continue to drive the pumps market, said Gassan Mutwali, director of strategy and business development at Xylem.
Mutwali was talking to MEP Middle East about the pumps market outlook in the year 2018.
He said: "The Middle East is a rapidly growing and diverse region with a large appetite for innovative water technology solutions. Fundamental drivers related to population growth, urbanisation, industrialisation and water scarcity will continue to drive investments in water infrastructure.
"We anticipate better market conditions driven by improving economic conditions and reform. Our optimism is also bolstered by knowing that regulations and end-users will continue to drive the need for pumps that are energy efficient and reliable, a space that Xylem is a world leader in."
He reiterated that fact that the Middle East is in need for innovative solutions when it came to water pumps. He added: "This is especially important for a region that has around 5% of the world population but less than 1.5% of the world’s renewable freshwater resources.
"Energy efficiency continues to be a very important topic with increased attention from both consumers and regulators in order to make water management more sustainable. Given that much of the energy consumption is tied to water infrastructure and management, pumps play a critical role in delivering energy savings in the overall system, whether it is a building, industrial complex, or sewage treatment plant.
"Therefore, while there is a need make more investment in water infrastructure; it is also of paramount importance to make investment in sustainable water technologies and pumps."
To read Mutwali's entire view, check out #1301 of MEP Middle East, which will be out on the first week of January 2018.