Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Pump Type (Overhung Impeller, Vertically Suspended, Between Bearing), By Stage (Single Stage, Multistage), By End User (Industrial, Commercial and Residential) And Competitive Landscape
Product Code: ETC056194 | Publication Date: Feb 2021 | Updated Date: Apr 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Africa Centrifugal Pumps Market |
Forecast period | 2024-2030 |
CAGR | 8.3% |
Growing Sector | Agriculture |
Africa Centrifugal Pumps Market report thoroughly covers the market By Countries, By Pump Type, By Stage, and By End User. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Africa Centrifugal Pumps Market is expected to grow from approximately USD 2.3 billion in 2024 to around USD 2.6 billion by 2030, with a compound annual growth rate (CAGR) of 8.3% during this period. The market growth is driven by increasing investments in water and wastewater treatment, rising demand in the oil and gas sector, and expanding agricultural activities. Additionally, infrastructure development and industrialization across the region, coupled with the need for efficient water management solutions, are expected to further fuel the demand for centrifugal pumps in Africa through 2030.
Africa Centrifugal Pumps Market is experiencing steady growth, driven by increased investment in infrastructure development and the expansion of sectors such as water & wastewater treatment, oil & gas, and agriculture. The region's focus on improving water accessibility and sanitation standards has spurred the demand for efficient and reliable centrifugal pumps. Additionally, the exploration and production activities in the oil & gas sector present significant opportunities for market expansion.
According to 6Wresearch, the Africa Centrifugal Pumps Market size is projected to grow, reaching at a CAGR of 8.3% during the forecast period of 2024-2030. The growth of the market is propelled by several factors including the expanding water and wastewater management industry, urbanization, and industrialization across the continent. Increasing adoption of energy-efficient pumping systems, driven by growing environmental concerns and the desire to reduce operational costs, are the trends significantly contributing to Africa Centrifugal Pumps Market Growth. However, the industry faces restraints such as the high initial investment costs and the lack of infrastructure in remote areas, which could impede market growth. Despite these challenges, emerging opportunities are evident, particularly in the development of solar-powered centrifugal pumps, which offer a sustainable solution to water irrigation in off-grid regions. Furthermore, the growing mining sector and the ongoing efforts to improve water accessibility in rural areas present substantial growth opportunities for the centrifugal pumps market in Africa.
In recent years, the Africa Centrifugal Pumps Industry has witnessed substantial growth, bolstered by various policies and schemes aimed at enhancing water infrastructure and management. Key initiatives have focused on improving access to clean water in both urban and rural areas, encouraging the adoption of efficient irrigation techniques in agriculture, and promoting industrial growth. Investment incentives, subsidies for water management technologies, and partnerships with international technology providers have been pivotal in driving the adoption of centrifugal pumps across various sectors, including agriculture, municipal water services, and industries. These efforts underscore the commitment of African governments to harness technology for sustainable development. Some notable developments in the Africa Centrifugal Pumps Market include the introduction of solar-powered pumps, which have proven to be a game-changer for rural communities with limited access to electricity. These pumps are cost-effective, environmentally friendly, and provide a reliable source of water for domestic use and small-scale irrigation.
The Africa centrifugal pumps market is characterized by the presence of both global industry giants and regional players, fostering a competitive landscape. Notable companies such as Grundfos, KSB SE & Co. KGaA, and Xylem Inc. lead the market, offering a wide range of products tailored for different applications.
The Africa centrifugal pumps market is poised for significant expansion, driven by ongoing infrastructure development, industrialization, and urbanization across the continent. The increasing focus on sustainable and energy-efficient solutions is also expected to propel the adoption of technologically advanced centrifugal pumps. Strategic partnerships and initiatives aimed at addressing the water scarcity challenges in Africa will further stimulate market growth, making significant contributions to the continent's socio-economic development.
According to Shivani, Senior Research Analyst, 6Wresearch, the Overhung Impeller type is expected to gain traction owing to its extensive application in various industries due to its compact design and cost-effectiveness.
By End-User, the Industrial segment is forecast to dominate the Africa Centrifugal Pumps Market Share over the forecast period. This trend is driven by the expanding manufacturing sector, rising investment in water and wastewater treatment, and the increasing need for efficient fluid management in process industries.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Centrifugal pumps Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Centrifugal pumps Market Revenues & Volume, 2020 & 2030F |
3.3 Africa Centrifugal pumps Market - Industry Life Cycle |
3.4 Africa Centrifugal pumps Market - Porter's Five Forces |
3.5 Africa Centrifugal pumps Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Africa Centrifugal pumps Market Revenues & Volume Share, By Pump Type, 2020 & 2030F |
3.7 Africa Centrifugal pumps Market Revenues & Volume Share, By Stage, 2020 & 2030F |
3.8 Africa Centrifugal pumps Market Revenues & Volume Share, By End User, 2020 & 2030F |
4 Africa Centrifugal pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Centrifugal pumps Market Trends |
6 Africa Centrifugal pumps Market, 2020 - 2030 |
6.1 Africa Centrifugal pumps Market, Revenues & Volume, By Pump Type, 2020 - 2030 |
6.2 Africa Centrifugal pumps Market, Revenues & Volume, By Stage, 2020 - 2030 |
6.3 Africa Centrifugal pumps Market, Revenues & Volume, By End User, 2020 - 2030 |
7 South Africa Centrifugal pumps Market, 2020 - 2030 |
7.1 South Africa Centrifugal pumps Market, Revenues & Volume, By Pump Type, 2020 - 2030 |
7.2 South Africa Centrifugal pumps Market, Revenues & Volume, By Stage, 2020 - 2030 |
7.3 South Africa Centrifugal pumps Market, Revenues & Volume, By End User, 2020 - 2030 |
8 Nigeria Centrifugal pumps Market, 2020 - 2030 |
8.1 Nigeria Centrifugal pumps Market, Revenues & Volume, By Pump Type, 2020 - 2030 |
8.2 Nigeria Centrifugal pumps Market, Revenues & Volume, By Stage, 2020 - 2030 |
8.3 Nigeria Centrifugal pumps Market, Revenues & Volume, By End User, 2020 - 2030 |
9 Kenya Centrifugal pumps Market, 2020 - 2030 |
9.1 Kenya Centrifugal pumps Market, Revenues & Volume, By Pump Type, 2020 - 2030 |
9.2 Kenya Centrifugal pumps Market, Revenues & Volume, By Stage, 2020 - 2030 |
9.3 Kenya Centrifugal pumps Market, Revenues & Volume, By End User, 2020 - 2030 |
10 Rest of Africa Centrifugal pumps Market, 2020 - 2030 |
10.1 Rest of Africa Centrifugal pumps Market, Revenues & Volume, By Pump Type, 2020 - 2030 |
10.2 Rest of Africa Centrifugal pumps Market, Revenues & Volume, By Stage, 2020 - 2030 |
10.3 Rest of Africa Centrifugal pumps Market, Revenues & Volume, By End User, 2020 - 2030 |
11 Africa Centrifugal pumps Market Key Performance Indicators |
12 Africa Centrifugal pumps Market - Opportunity Assessment |
12.1 Africa Centrifugal pumps Market Opportunity Assessment, By Countries, 2020 & 2030F |
12.2 Africa Centrifugal pumps Market Opportunity Assessment, By Pump Type, 2020 & 2030F |
12.3 Africa Centrifugal pumps Market Opportunity Assessment, By Stage, 2020 & 2030F |
12.4 Africa Centrifugal pumps Market Opportunity Assessment, By End User, 2020 & 2030F |
13 Africa Centrifugal pumps Market - Competitive Landscape |
13.1 Africa Centrifugal pumps Market Revenue Share, By Companies, 2023 |
13.2 Africa Centrifugal pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |