Africa Centrifugal Pump Market Size to Reach $936 million by 2032 at a CAGR of 5.1% from 2022 to 2032

January 28 04:10 2023
Africa Centrifugal Pump Market Size to Reach $936 million by 2032 at a CAGR of 5.1% from 2022 to 2032
Browse 92 market data Tables and 49 Figures spread through 175 Pages and in-depth TOC on “Africa Centrifugal Pump Market”
The global Africa centrifugal pump market is expected to reach USD 936 million by 2032 from an estimated USD 568 million in 2022, at a CAGR of 5.1% from 2022 to 2032.

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 2032 “ published by MarketsandMarkets, the Africa centrifugal pump market size is estimated to be USD 936 million by 2032 (forecast year) from USD 568 million in 2022 (estimated year), at a CAGR of 5.1% during the forecast period. The demand for quality Africa centrifugal pumps is at an all-time high due to increasing agriculture sector and rise in usage of solar water pumps in the region.

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

Based on the type, the electrical segment is estimated to be the fastest-growing market from 2022 to 2032. The growth of electric segment is because electrical centrifugal pumps are efficient and reliable. They are used in artificial lifts to carry moderate to high volumes of fluids from wellbores. The key advantage of these pumps is that they prevent the formation of vapor cavities in liquids.

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

Based on the stage type, the multistage segment is estimated to be the largest market from 2022 to 2032. The multistage segment is attributed to the increasing demand for fluid pressure boosting pumps in industrial water supplies.

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

South Africa accounted for the largest share in the Africa centrifugal pump market during the forecast period. The growth of the centrifugal pump market in Africa is primarily driven by the oil and gas, water and wastewater, mining, power, and construction industries of the region. With most countries in Africa having scarce freshwater resources, wastewater treatment is a significant source of water for non-potable consumption.

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

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