Showing posts with label Africa’s Centrifugal Pump Industry. Show all posts
Showing posts with label Africa’s Centrifugal Pump Industry. Show all posts

Monday, September 23, 2024

Africa’s Centrifugal Pump Market Growth to $903.1 Million by 2030

According to a research report "Africa Centrifugal Pump Market by Type (Overhung Impeller, Between Bearing, Vertically Suspended), Operation Type (Electrical, Hydraulic, Air-driven), Stage (Single, Multi), End User (Industrial, Residential & Commercial) and Country - Forecast to 2030" published by MarketsandMarkets, With a compound annual growth rate (CAGR) of 5.5% over the forecast period, the Africa centrifugal pump market is expected to grow significantly, from   an estimated USD 653.8 million in 2024 to USD 903.1 million by 2030. The primary driver of this robust growth is the growing demand for superior centrifugal pumps, particularly in light of the region's expanding agricultural industry. Another important factor propelling the growth of the Africa centrifugal pump market is the increasing preference for solar water pumps, which make use of centrifugal pump technology. Because of their effectiveness and environmental friendliness, these solar-powered pumps are becoming more and more popular, especially in isolated and off-grid areas with limited access to traditional power sources. The growing uptake of solar water pumps is a testament to the region's commitment to sustainable solutions and the desire to harness renewable energy sources to address water management challenges. The transition to renewable energy solutions, coupled with the need for dependable water management systems in agriculture, is driving the growing demand for advanced centrifugal pumps in Africa.

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Electrical by operation type is expected to grow at the highest CAGR during the forecast period.

From 2024 to 2030, the electrical segment of the Africa centrifugal pump market is projected to grow at the fastest rate. Electrical centrifugal pumps are becoming increasingly popular in a variety of applications due to their efficiency and dependability, which is what is driving their growth. These pumps are mostly used in artificial lift systems, which are used in the oil and gas industry in particular, to move moderate to large volumes of fluids from wellbores. Electrical centrifugal pumps have the important benefit of not allowing vapor cavities (cavitation) to form in liquids. Cavitation can damage pumping systems and lower their efficiency. This capability, combined with their consistent performance and ease of operation, positions electrical centrifugal pumps as a preferred choice in the market, particularly in industrial and commercial settings where reliability is critical.

Single stage segment by stage type is expected to occupy the majority share in the Africa centrifugal pump market.

The single-stage segment is anticipated to hold a dominant market share in Africa's centrifugal pump market because of its ease of use, affordability, and extensive application in a variety of industries. Single-stage pumps are perfect for applications requiring low to moderate pressure, such as irrigation, general industrial processes, and water supply. Their attractiveness is further increased by their simplicity in installation, upkeep, and effective functioning, particularly in areas with inadequate infrastructure and technical know-how. Furthermore, the growing need for wastewater and water management in African cities and rural areas supports single-stage centrifugal pumps' market dominance.

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South Africa likely to emerge as the largest Africa centrifugal pump market.

Over the course of the forecast period, South Africa is anticipated to hold the largest share of the Africa centrifugal pump market. The nation's thriving mining, power, water and wastewater, oil and gas, and construction industries are the key drivers of this market's expansion. Wastewater treatment becomes an essential way to meet water needs in an area where freshwater resources are scarce, especially for non-potable uses. In these procedures, centrifugal pumps are crucial because they provide effective water distribution, treatment, and circulation. Centrifugal pumps are in high demand due to South Africa's growing emphasis on infrastructure and industrial development, which has helped the company maintain its dominant position in the continent's market.

Key Market Players

Grundfos Holding A/S (Denmark), Xylem Inc. (US), Sulzer (Switzerland), KSB (Germany), Wilo (Germany), Weir (UK), Ruhrpumpen Group (US), and EBARA Corporation (Japan) are the major companies in the centrifugal pump market in Africa.

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