Below 30 Hp Centrifugal Water Pump Market Analysis 2022, Market Growth, Trends, Opportunities Forecast To 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
• 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)

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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. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

This release was published on openPR.