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Stock impact report

Saudi Arabia Deep Well Submersible Pumps Market Valuation Set to Worth Over USD 93.57 Million By 2033 | Borewell Applications and Agriculture Sector to Remain Largest Contributor Says Astu...

Flowserve Corporation (FLS) 
Last flowserve corporation earnings: 2/17 04:20 pm Check Earnings Report
US:NYSE Investor Relations: ir.flowserve.com
Company Research Source: Yahoo! Finance
efficiency and reliability, becoming indispensable in the quest for sustainable water solutions in challenging climates. New Delhi, Dec. 23, 2024 (GLOBE NEWSWIRE) -- According to the latest study from Astute Analytica research, the Saudi Arabia deep well submersible pumps market was valued at USD 51.37 million in 2024 and is anticipated to reach USD 93.57 million by 2033 at a CAGR of 6.89% during the forecast period 2025–2033. Deep well submersible pumps are extensively used in Saudi Arabia due to the country's severe water scarcity and reliance on groundwater. Saudi Arabia, being predominantly desert, receives an average annual rainfall of only 50 mm, making it one of the driest regions in the world. With no permanent rivers or lakes, the country depends heavily on groundwater to meet its water needs. Of the 17.41 billion cubic meters (BCM) of water used annually, agriculture accounts for the majority, consuming about 90% of the total water supply. Notably, most of this water com Show less Read more
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