Sales of below 30 HP centrifugal water pump are encouraged by their efficiency, which lowers expenses in agriculture both immediately and over the course of each unit's lifetime.
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. According to FMI, the market is expected to expand at a CAGR of 5.3% over the course of the projected period.
The demand for affordable and energy-efficient centrifugal water pumps is expected to rise over the forecasted period due to rising energy prices and growing environmental consciousness among end users.
With the increased capacity and efficiency required for residential and agricultural applications, sales of centrifugal water pumps under 30 HP are expected to rise.
The market is expanding primarily as a result of increased investments in infrastructure and housing construction. Because of the expansion of the water supply network and the increase in agriculture initiative operations, there is a growing demand for centrifugal water pumps with less than 30 HP.
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Below 30Hp centrifugal water pumps are the most used types of pumps in the world due to robust and effective nature. Below 30 Hp centrifugal water pumps find application in various large and small scale industries such as chemicals, construction, waste water treatment and agriculture. On the basis of application type, the market has been segmented into industrial, agriculture and domestic use. The domestic application segment accounted for around 40% revenue share of the overall Egypt below 30Hp centrifugal water pump market in 2014, and is expected to register a CAGR of 4.8% over the forecast period.
Agriculture application is estimated to grow at the fastest CAGR during the forecast period. Every application segment is further sub-segmented into monobloc, mini pump and submersible pump. Submersible pumps are widely preferred for all the above mentioned applications; however, monobloc pumps is expected to register a high CAGR over the forecast period. Submersible centrifugal water pumps are widely preferred in Egypt, and account for over 50% share of the Egypt below 30Hp centrifugal water pumps market.
This report covers trends driving growth of each segment and respective sub-segments and offers pricing analysis and insights for each pump type and their respective capacities. From the capacity perspective, segmentation is done on the basis of horsepower for all three types of pumps. A detailed pricing analysis is done for the same. The 25 to 30 Hp pump in the monobloc and submersible pump category are more preferred, while the 1 to 2 Hp capacity pumps account for over 50% share in the mini centrifugal water pump category.
Increasing investment in housing construction, infrastructure development, expansion of water supply network and increase in agriculture initiatives are some of the macro-economic drivers for the Egypt below 30Hp centrifugal water pump market. Political instability and price volatility are some of the factors restricting growth of the Egypt below 30Hp centrifugal water pump market. Prices of China-made centrifugal water pumps are relatively lower and this is one of the major concerns for global and regional players operating in this market. Adoption of photovoltaic powered centrifugal water pumps and solar powered centrifugal water pumps is trending in the Egypt below 30Hp centrifugal water pumps market.
Key players in the Egypt below 30Hp centrifugal water pump market include Grundfos, KSB Pumps, Xylem Inc., Wilo, Flowserve Corporation, Calpeda and Omega Engineering Egypt. Egypt centrifugal water pump market is largely dominated by regional and local players, and these collectively account for around 70% share of the total centrifugal water pump market. Grundfos accounts for largest share among all others, followed by KSB Egypt and Wilo.
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Key Players
Major players in the below 30 Hp centrifugal water pump market in Egypt include Grundfos, KSB Pumps Ltd., Xylem Inc., Wilo SE, Flowserve Corporation, Calpeda S.p.A, and Omega Egypt Co. The centrifugal water pump industry in Egypt is largely consolidated, as the regional and local players hold a collective revenue share of 70% of the total centrifugal water pump market in the country. Grundfos accounts for largest share in the centrifugal water pump market, followed by KSB Pumps Egypt and Wilo SE.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Below 30 Hp Centrifugal Water Pump Market , Below 30 Hp Centrifugal Water Pump Market Share , Below 30 Hp Centrifugal Water Pump Market Growth
Nov 17, 2022
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