Solar-powered centrifugal pumps have been widely adopted by the agricultural sector. In most emerging economies, where agriculture is significant to the economy, farmers frequently use conventional irrigation methods. Some of the factors impacting the market are increased demand from the agricultural sector, greater use of solar water pumps, and failures of centrifugal pumps due to the dry runs and cavitation effects. This is further backed by the increased number of facilities like the wastewater treatment sector. With significant social, economic, and environmental changes, much of the urbanization will occur in Africa and Asia. A projected 5 billion people will reside in towns and cities by 2030. The rate of urban expansion worldwide is at its highest level ever. As a percentage of all manufacturing in North America and Europe in 2019, medium- as well as high-tech manufacturing made up 47.7%, compared to sub-Saharan Africa’s 21.4% and least developed nations’ 10%. ![]() The main factor facilitating this increase in commercial and residential projects is population growth leading to rapid industrialization. New York, J(GLOBE NEWSWIRE) - announces the release of the report "Global Centrifugal Pump Market Size, Share & Industry Trends Analysis Report By Stage, By Type, By Operation Type, By End User, By Regional Outlook and Forecast, 2023 - 2030".
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