Africa Centrifugal Pump Market Size to Reach $903.1 million by 2030 | MarketsandMarkets.

DELRAY BEACH, Fla., Sept. 16, 2024 /PRNewswire/ -- The global Africa Centrifugal Pump Market is growing at a CAGR of 5.5% and is expected to reach USD 903.1 million by 2030, up from USD 653.8 million in 2024. The primary driver of this robust growth is the growing demand for superior centrifugal pumps, particularly in light of the region's expanding agricultural industry. Another important factor propelling the growth of the Africa Centrifugal Pump Market is the increasing preference for solar water pumps, which make use of centrifugal pump technology. Because of their effectiveness and environmental friendliness, these solar-powered pumps are becoming more and more popular, especially in isolated and off-grid areas with limited access to traditional power sources. The growing uptake of solar water pumps is a testament to the region's commitment to sustainable solutions and the desire to harness renewable energy sources to address water management challenges. The transition to renewable energy solutions, coupled with the need for dependable water management systems in agriculture, is driving the growing demand for advanced centrifugal pumps in Africa.

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Electrical by operation type

From 2024 to 2030, the electrical segment of the Africa Centrifugal Pump Market is projected to grow at the fastest rate. Electrical centrifugal pumps are becoming increasingly popular in a variety of applications due to their efficiency and dependability, which is what is driving their growth. These pumps are mostly used in artificial lift systems, which are used in the oil and gas industry in particular, to move moderate to large volumes of fluids from wellbores. Electrical centrifugal pumps have the important benefit of not allowing vapor cavities (cavitation) to form in liquids. Cavitation can damage pumping systems and lower their efficiency. This capability, combined with their consistent performance and ease of operation, positions electrical centrifugal pumps as a preferred choice in the market, particularly in industrial and commercial settings where reliability is critical.