The below 30 Hp centrifugal water pump market is anticipated to increase, from US$ 37.1 million in 2022 to US$ 68.95 million in 2032.
The global market expected to reach US$ 37.1 million in 2022 to US$ 68.95 million in 2032. The below 30Hp centrifugal water pump is expected to witness a healthy CAGR of 5.3% over the course of the projection period from 2022 to 2032.
Due to their high efficiency, 30 HP centrifugal water pumps are seeing an increase in sales. This helps reduce costs in agriculture both immediately and over the course of each unit’s lifetime.
In actuality, the agriculture industry uses the largest proportion of water, which is estimated to be more than four-fifths of the Nile River. There were about 3.8 million hectares of arable land available in 2016. Agriculture accounts for more than 14% of the country’s GDP, or 256.9 billion Egyptian pounds. Additionally, the growing population has increased the amount of water used for domestic purposes, which has increased the market’s sales of centrifugal water pumps under 30 horsepower.
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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
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
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Below 30 Hp Centrifugal Water Pump Market Growth , Below 30 Hp Centrifugal Water Pump Market Demand
Dec 15, 2022