The market for below 30 Hp centrifugal water pumps with a capacity is poised for substantial growth, projected to elevate from its 2022 value of US$ 37.1 million to an estimated US$ 68.95 million by 2032. This expansion is underpinned by a calculated Compound Annual Growth Rate (CAGR) of 5.3% forecasted by FMI throughout the envisaged period.
The driving forces behind this upward trajectory encompass several key factors. Notably, the demand for cost-effective and energy-efficient centrifugal water pumps is anticipated to witness a notable upswing, attributed in part to the escalating energy costs and a growing environmental consciousness among end-users.
Moreover, the sales of centrifugal water pumps with capacities below 30 Hp, equipped with enhanced efficiency and capabilities to cater to residential and agricultural applications, are expected to gain momentum. This surge is primarily attributed to the imperative need for new and sustainable water sources in these sectors.
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The below 30Hp centrifugal water pump market is predicted to expand owing to the surging investments in infrastructure and increased construction activities. Owing to the expansion of the water supply network and a surge in agriculture initiative operations, there is a rising demand for these water pumps. Over the assessment period, a phenomenal rise in demand for cost-effective and energy-efficient centrifugal water pumps can be seen attributing to the rising energy costs and increasing environmental consciousness among end users.
Key Takeaways
- With the help of technological advancements, the performance of a below 30 Hp centrifugal water pump in the market is anticipated to bolster, making it efficiently usable in several downstream applications. Furthermore, they save a chunk of money by not put hefty investments and setting up supplementary equipment like pulsation dampeners.
- Attributing to its corrosion-resistant design, the below 30Hp centrifugal water pumps efficiently operate in environments where conventional pumps degrade rapidly. Over the assessment period, the demand for below 30Hp centrifugal water pumps is likely to increase due to rising energy costs and increasing environmental consciousness among end users.
- These pumps are massively used in several end-use industries that allow producers, distributors, and users of chemicals to transport a wide range of fluids under diverse conditions, including ones that would quickly destroy other pumps.
- More than 50% of all the pumps sold around the globe are below 30 Hp centrifugal water pumps. These pumps are majorly utilized in both small as well as large-scale industrial applications including power, wastewater treatment, and chemicals.
- Over the projection period, a reasonable surge in the sales of below 30 Hp centrifugal water pumps witnessed owing to their efficiency, which is ideal for home and agricultural applications. This is resulting in a surging need for new water sources all over the world.
- As compared to various other pumping methods, below 30 Hp centrifugal chemical pumps have a good energy efficiency rating. Due to this, they have a big advantage over other pump designs in the market.
Competitive Landscape
The below 30 Hp centrifugal water pump market is massively consolidated, as prominent regional and local players account for a collective revenue share of around 70% of the total centrifugal water pump market in the country.
Key Players in Below 30 Hp Centrifugal Water Pump Market are Grundfos, KSB Pumps Ltd., Xylem Inc, Wilo SE, Flowserve Corporation, Calpeda S.p.A, Omega Egypt Co.
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Key Segments:
By Application:
- Industrial
- Agriculture
- Domestic
By Product:
- Mini Pumps (0.5-30 HP)
- Monobloc Pumps (0.5-30 HP)
- Submersible Pumps (0.5-30 HP)
By Capacity:
- 0.5 Hp (minimum)
- 30 Hp (maximum)
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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