New Revenue Pockets:
The Africa centrifugal pump market is expected to reach USD 936 million by 2032 from an estimated USD 568 million in 2022, at a CAGR of 5.1% from 2022 to 2032. Increasing focus on wastewater treatment infrastructures due to the water scarcity in the region is one of the primary driver accelerating the growth of the market. The waste water treatment is one of the key solutions to overcome the water requirements in the African region. The centrifugal pumps are utilized to process the used water in the waste water treatment plants. The growth of the market in Africa can be attributed by the increasing deployment of centrifugal pumps in waste water treatment plants.
The Africa centrifugal pump market, by type, is segmented into overhung impeller, between bearing and vertically suspended. The overhung impeller segment is expected to be the largest segment for the Africa centrifugal pump market, by type, during the forecast period due to the rising industrialization and growing commercial sector in the region. These pumps are commonly utilized for water supply systems in the residential and commercial setting due to the compact design.
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Electrical segment, by operation type, is projected to be the dominating segment of the Africa centrifugal pump market. Electrical centrifugal pumps are efficient and reliable. The key advantage of these pumps is that they prevent the formation of vapor cavities in liquids. Electrical centrifugal pumps can be used for both open-pit and bore well applications. The growth of the electrical segment of the market can be attributed to the high reliability and efficiency offered by electrical centrifugal pumps.
Multistage segment is expected to grow at the fastest CAGR in the Africa centrifugal pump market. The Africa centrifugal pump market has been segmented, based on stage, into single stage and multi stage. Centrifugal pumps can either be single stage or multistage, depending on the number of impellers used in them. They are widely used in oil and gas refineries, as well as in residential, commercial, municipal, and industrial water extraction applications. In Africa, multistage centrifugal pumps hold a larger market share owing to the increased demand from the industrial sector.
The Africa centrifugal pump market, by end user, is segmented into industrial and residential & commercial. Increasing investments in the industrial sector is expected to fuel the growth of the centrifugal pump market in Africa. The industries deploys centrifugal pumps for several applications such as dewatering activities in construction sites and production activities in oilfields for the artificial lifting purpose. They are also used in water and sewage treatment plants and manufacturing plants.
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Egypt is expected to grow at the highest CAGR during the forecast period. The demand for centrifugal pumps in Egypt is driven by their increased deployment in industrial applications in the water and wastewater sector. The flourishing oil production and mining industries in Egypt are expected to contribute to the demand for centrifugal pumps in the region. Moreover, the increased foreign investments in its oil and natural gas sector is one of key factor accelerating the growth of the centrifugal pumps market in African region. The ongoing urbanization and industrialization and the increasing deep-sea exploration activities are few of the key growth drivers for the growth of the Africa centrifugal pump market.
Browse Related Reports:
Centrifugal Pump Market by Type (Overhung Impeller, Between Bearing, Vertically Suspended), Operation (Electrical, Hydraulic, Air-driven), Stage (Single Stage, Multistage), End User (Industrial, Commercial & Residential) & Region – Global Forecast to 2028
