From US$ 37.1 million in 2022 to US$ 68.95 million in 2032, the global below 30 HP centrifugal water pump market is anticipated to expand. From 2022 to 2032, the market is projected to expand at a strong 5.3% CAGR.
Due to their high efficiency, sales of centrifugal water pumps with 30 HP are rising. In the short term as well as over the lifetime of each unit, this lowers agricultural costs.
In actuality, it is agriculture that uses the most water—more than four-fifths of the Nile River, according to estimates. A total of 3.8 million hectares of arable land were accessible in 2016. More than 14%, or 256.9 billion Egyptian pounds, of Egypt’s GDP is derived from agriculture. Additionally, as the population has grown, domestic water use has increased as well, driving up demand for centrifugal water pumps under 30 horsepower.
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The market for centrifugal water pumps with less than 30 horsepower is expected to grow as a result of rising infrastructure investments and increased construction activity. The demand for these water pumps is increasing as a result of the growth of the water supply network and an increase in agriculture initiative operations. Due to rising energy prices and growing environmental consciousness among end users, the demand for affordable and energy-efficient centrifugal water pumps has dramatically increased during the course of the evaluation period.
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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More Insights into the Below 30 Hp Centrifugal Water Pump Market
The below 30 Hp centrifugal water pumps are mostly used in irrigation, according to the estimations, the expanding agricultural sector along with the surging amount of fertile land in nations such as Morocco, India Thailand, and Egypt, offer sizable prospects for the market since these countries have a strong agricultural economic background.
Sales of below 30 Hp centrifugal water pump is increasing owing to their robust construction endures throughout time. A variety of businesses turns to this kind of fluid transfer pump as their preferred option.
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
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