[324 Pages Report] The below 30 Hp centrifugal water pump market is anticipated to increase, from USD 37.1 million in 2022 to USD 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.
Over the projected period, there is likely to be a rise in demand for cost-effective and energy-efficient centrifugal water pumps, due to rising energy costs and increasing environmental consciousness among end users.
Sales of below 30 Hp centrifugal water pumps with the increased capacity and efficiency required for home and agricultural applications are anticipated to increase as a result of the need for new water sources.
| Attributes | Details |
|---|---|
| Below 30 Hp Centrifugal Water Pump Market CAGR (2022 to 2032) | 5.3% |
| Below 30 Hp Centrifugal Water Pump Market Size (2022) | USD 37.1 million |
| Below 30 Hp Centrifugal Water Pump Market Size (2032) | USD 68.95 million |
The market is expanding primarily as a result of rising investments in infrastructure and housing building. Due to the expansion of the water supply network and an increase in agriculture initiative operations, there is a growing demand for below 30 Hp centrifugal water pumps.
Exclusive Offer: 30% Off on Regional Reports
Get a free sample report and customize your regions for a 30% discount on your regional report!
The largest portion of water consumption-more four-fifths of the Nile River is in the agricultural sector. As of 2016, there were 3.8 million hectares of cultivable land available. Over 14% of the nation's GDP, or 256.9 billion Egyptian pounds, comes from agriculture. Furthermore, a rapidly growing population pool has increased the amount of water used for domestic uses, which leads to below 30 Hp centrifugal water pump market expansion.
When compared to 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.
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 performance of below 30 Hp centrifugal water pump in the market is further enhanced through technology, enabling it to be used in more downstream applications. Additionally, they save money by not having to buy and set up supplementary equipment like pulsation dampeners.
Due to the corrosion-resistant design, they can operate in environments where conventional pumps would quickly degrade. Over the projected period, there is likely to be a rise in demand for cost-effective and energy-efficient below 30 Hp centrifugal water pumps, due to rising energy costs and increasing environmental consciousness among end users.
The pumps enable producers, distributors, and users of chemicals to transport a wide range of fluids under diverse conditions, including ones that would quickly destroy other pumps.
Some of the factors limiting the growth of the below 30 Hp centrifugal water pump market include political instability and price volatility. One of the main issues for regional and international firms competing in this industry is the relatively lower cost of below 30 Hp centrifugal water pumps.
Below 30 HP centrifugal water pumps make up more than 50% of all pumps sold worldwide and are extensively employed in both small- and large-scale industrial applications like power, wastewater treatment, and chemicals.
Monobloc pumps, micro pumps, and submersible pumps are the three product categories below 30 HP centrifugal water pump sold in Egypt. The submersible pump is a popular choice for both household and commercial applications.
However, during the projected period, the monobloc pumps category is anticipated to grow rapidly. As submersible pumps are so popular in Egypt for agricultural purposes, the market for them generates more than 50% of the country's total sales.
In Egypt, the residential application segment presently holds a revenue share of more than 40% of the market for below 30 Hp centrifugal water pump, and it is anticipated that this share is likely to increase steadily over the course of the projection period.
The industrial application category, out of the three applications, is anticipated to grow at the highest CAGR of 5.5% in terms of revenue.
For all three of the aforementioned pump types, the market for below 30 Hp centrifugal water pumps in Egypt has been divided into segments based on capacity, from 0.5 HP (the minimum) to 30 HP (the maximum). The 25-30 HP pumps are the most popular across all product capacities.
The 1-2 HP pumps account for more than 50% of the overall market share for micro pumps, while the 25-30 HP pumps find more widespread uses for monobloc and submersible pumps.
The below 30 Hp centrifugal water pump market 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.
Check Free Sample Report & Save 40%!
Select your niche segments and personalize your insights for smart savings. Cut costs now!
The below 30 Hp centrifugal water pump market is estimated to record a CAGR of 5.3% through 2032.
The below 30 Hp centrifugal water pump market size is predicted to be valued at USD 68.95 million by 2032.
The below 30 Hp centrifugal water pump market share is valued at USD 37.1 million in 2022.
Monobloc pump category is expected to grow rapidly in below 30 Hp centrifugal water pump market.
Industrial Application is likely to grow at a CAGR of 5.5% in the below 30 Hp centrifugal water pump market through 2032.
| Estimated Market Size (2023) | USD 33 billion |
|---|---|
| Projected Market Size (2033) | USD 60 billion |
| CAGR (2023 to 2033) | 6.2% |
| Expected Market Value (2023) | USD 124.6 Million |
|---|---|
| Anticipated Forecast Value (2033) | USD 184.5 Million |
| Projected Growth Rate (2023 to 2033) | 4.0% CAGR |
| Estimated Size, 2021 | USD 689.8 million |
|---|---|
| Projected Size, 2031 | USD 1,229.6 million |
| Value-based CAGR (2021 to 2031) | 6.0% |
Explore Automation Auxiliary Insights
View Reports
Below 30 Hp Centrifugal Water Pump Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
