(MENAFN- PR Newswire)
CHICAGO, Jan. 24, 2023 /PRNewswire/ -- africa centrifugal pump market
is projected to grow from USD 568 million in 2022 to USD 936 million by 2032, at a CAGR of 5.1% according to a new report by MarketsandMarketsTM. The demand for quality Africa centrifugal pumps is at an all-time high due to increasing agriculture sector and rise in usage of solar water pumps in the region.
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Electrical by operation type is expected to grow at the highest CAGR during the forecast period
Based on the type, the electrical segment is estimated to be the fastest-growing market from 2022 to 2032. The growth of electric segment is because electrical centrifugal pumps are efficient and reliable. They are used in artificial lifts to carry moderate to high volumes of fluids from wellbores. The key advantage of these pumps is that they prevent the formation of vapor cavities in liquids.
Multistage segment by stage type is expected to occupy the majority share in the Africa Centrifugal Pump Market
Based on the stage type, the multistage segment is estimated to be the largest market from 2022 to 2032. The multistage segment is attributed to the increasing demand for fluid pressure boosting pumps in industrial water supplies.
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South Africa likely to emerge as the largest Africa Centrifugal Pump Market
South Africa accounted for the largest share in the Africa Centrifugal Pump Market during the forecast period. The growth of the centrifugal pump market in Africa is primarily driven by the oil and gas, water and wastewater, mining, power, and construction industries of the region. With most countries in Africa having scarce freshwater resources, wastewater treatment is a significant source of water for non-potable consumption.
Grundfos Holding A/S (Denmark), Xylem Inc. (US), Sulzer (Switzerland), KSB (Germany), Wilo (Germany), Weir (UK), Ruhrpumpen Group (US), EBARA Corporation (Japan), are the key players in the Africa Centrifugal Pump Market .
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