PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1558156
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1558156
The market for centrifugal pumps in Africa is expected to grow at a compound annual growth rate (CAGR) of 5.5% from USD 653.8 million in 2024 to USD 903.1 million by 2030. The expansion of the construction sector, which raises demand for HVAC systems, is directly linked to this growth. Centrifugal pumps are essential for a number of uses in both commercial and residential settings, such as HVAC systems, building services, and construction dewatering. These pumps, which are made to last and require little upkeep, are vital to preserving effective operation in these applications. Businesses are making significant investments in the development of cutting-edge centrifugal pump technologies in order to meet the growing demand and accelerate market growth. By enhancing performance and dependability, these developments hope to facilitate the development of new residential and commercial buildings and ensuring long-term value for stakeholders.
Scope of the Report | |
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Years Considered for the Study | 2020-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Units Considered | Value (USD Million) and Volume (Thousand Units) |
Segments | By Type, By Operation Type, By Stage, and By Vertical |
Regions covered | Africa |
"Overhung Impeller Market: The largest segment by type in the Africa centrifugal pump market"
In the African market, the overhung impeller segment is expected to have the largest market share and fastest growth rate among all the different types of centrifugal pumps between 2024 and 2030. The prominence of this segment can be attributed to the unique advantages of the overhung impeller, which include its simple design, ease of installation, and ease of maintenance. These qualities support its broad adoption in a variety of applications, which raises demand and gives it a sizeable market share. Many users choose overhung impeller pumps because of their ease of use and effectiveness, which contributes to the growth of their market in the area.
"Electrical: The largest segment by operation type in Africa centrifugal pump market"
When it comes to operation type, the electrical segment dominates the Africa centrifugal pump market. The main applications for these pumps are in the industrial, agricultural, and residential sectors. They are primarily used for fluid transfer. Electrical centrifugal pumps have an outstanding track record of dependability and efficiency, which contributes to their substantial market share. One of their main benefits is that they are easier to operate and maintain because they don't need priming because they are usually submerged in the fluid being pumped. Their innate effectiveness and simplicity of use are factors in their broad acceptance and ongoing expansion in the African market.
"Single Stage: The largest segment by stage in Africa centrifugal pump market"
In the African centrifugal pump market, the single-stage segment is the largest because of its adaptability, low cost, and effectiveness in managing a variety of applications. Because single-stage pumps can handle low-to-medium pressure applications like irrigation, water distribution, and basic industrial processes, they are widely used in a variety of industries. Their comparatively simple design makes them easier to maintain and lowers manufacturing costs, which is especially helpful in African regions where infrastructure and technical support may be scarce. Furthermore, the increasing focus on enhancing sanitation and water supply in both urban and rural regions reinforces the market dominance of single-stage pumps.
"Industrial: The largest segment by end user in Africa centrifugal pump market"
Among the end-user categories, the industrial segment holds the biggest share of the global centrifugal pump market in Africa. The rise in exploration and production (E&P) activities and the expanding demands of the mining and metals industries are the main causes of this prominence. In these sectors, centrifugal pumps are essential for dewatering applications because they keep mines dry and stop flooding. The need for these pumps is being driven primarily by the expansion of mining operations and industrial processes throughout Africa. It is anticipated that this demand will keep rising as businesses look for dependable ways to manage water and maintain operational effectiveness in difficult situations.
"South Africa: The fastest growing CAGR in the Africa centrifugal pump market"
South Africa's strong industrial and infrastructure development, especially in areas like mining, energy, and water management, is predicted to give rise to the fastest-growing CAGR in the Africa centrifugal pump market. Centrifugal pump demand is rising significantly as a result of the nation's continuous investments in renewable energy projects, expanding its power generation capacity, and upgrading its water and wastewater infrastructure. Furthermore, government initiatives to modernize and expand essential services, along with South Africa's well-established industrial base, are fostering a favorable environment for the centrifugal pump market's rapid growth. This faster growth is also attributed to the adoption of sophisticated pumping technologies and the drive for energy efficiency.
By Company Type: Tier 1- 45%, Tier 2- 30%, and Tier 3- 25%
By Designation: C-Level- 30%, Director Level- 20%, and Others- 50%
By Region: North America- 5%, Europe- 5%, Asia Pacific- 30%, South America-5%, Middle East & Africa- 55%,
Note: Others include sales managers, engineers, and regional managers.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2023. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The top companies in the centrifugal pump market in Africa are KSB (Germany), Wilo (Germany), Sulzer (Switzerland), Xylem Inc. (US), and Grundfos Holding A/S (Denmark).
The report offers a comprehensive examination, description, and forecast of the global Africa centrifugal pump market, segmented by type, operation type, stage, end user, and country. It provides an in-depth qualitative and quantitative analysis, including a detailed assessment of key market drivers, restraints, opportunities, and challenges. Additionally, the report reviews various critical aspects of the market, such as the competitive landscape, market dynamics, value estimates, and emerging trends in the Africa centrifugal pump sector.
Key Benefits of Buying the Report
The Africa centrifugal pump market report is meticulously designed to address the needs of both established industry experts and newcomers. This comprehensive report serves as a crucial resource for stakeholders aiming to grasp the competitive landscape thoroughly, offering precise revenue forecasts for the market as a whole and its various sub-segments. This information is essential for formulating effective market strategies. Additionally, the report provides valuable insights into the drivers, constraints, challenges, and growth opportunities influencing the market, enabling stakeholders to stay informed and adapt to the evolving centrifugal pump industry landscape.