Global centrifugal pump market is poised to undergo a substantial CAGR during the forecast period owing to increasing investments in infrastructure development activities and high demand for wastewater treatment plants. Moreover, growing urbanization in developing regions such as Asia Pacific, Africa, and the Middle East are driving the demand for centrifugal pumps. The government’s support to industrialization is further supporting the growth of centrifugal pump market, especially in developing economies like India and China.
Centrifugal pumps are machines that use rotation to impart velocity to a liquid and then convert that velocity into flow. They basically convert rotational kinetic energy to hydrodynamic energy. They commonly find usage in water pumping, petroleum pumping and sewage water and petroleum. Technological innovations like 3D printed impellers have brough revolution into the centrifugal pumps industry. The launch of 3D printed impellers has made manufacture of centrifugal pumps much more affordable for the manufacturers.
Global centrifugal pump market can be segmented based on type, impeller type, stage, end user and region. Based on end user, the market is segmented into water and wastewater, chemicals, oil & gas, power, commercial and residential sector. The oil & gas industry accounted for the largest market share and the segment is expected to dominate the global centrifugal pump market owing to increasing demand for crude oil and increasing number of petrochemical plants.
Regionally, Asia Pacific is anticipated to dominate the global centrifugal pump market owing to increasing investments in water & wastewater infrastructure in South-East Asia and rapid industrialization in the region. Also, the increasing requirement of water supply in the region with its expanding population is supporting he demand for centrifugal pumps.
Major companies operating in global centrifugal pump market include Siemens AG, General Electric Company, Flowserve Corporation, ITT Inc., KSB Aktiengesellschaft, Grundfos Pumps India Private Limited, Sulzer Ltd., Wilo SE, Circor International and Ebara Corporation, among others. Companies are getting boost from favourable government policies. They are expanding their business through mergers & acquisitions and new product launches.
Objective of the Study:
- To analyse and forecast the market size of global centrifugal pump market.
- To forecast global Centrifugal Pump market based on type, impeller type, stage, end user, company and regional distribution.
- To identify drivers and challenges for global centrifugal pump market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in global centrifugal pump market.
- To identify and analyse the profile of leading players operating in the global centrifugal pump market.
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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of centrifugal pump manufacturing companies across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research.
TechSci Research calculated global centrifugal pump market size using a bottom-up approach, where data for various end user industries and its application across various service types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.
Key Target Audience:
- Centrifugal pump manufacturers/partners
- Supplier/Distributors
- Government bodies such as regulating authorities and policy makers
- Organizations, industry associations, forums and alliances related to centrifugal pump market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as Centrifugal Pump companies and service providers, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, global centrifugal pump market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global Centrifugal Pump Market, By Type:
- Overhung Impeller
- Vertically Suspended
- Between Bearing
- Global Centrifugal Pump Market, By Impeller Type:
- Open
- Partially Open
- Enclosed
- Global Centrifugal Pump Market, By Stage:
- Single Stage
- Multi Stage
- Global Centrifugal Pump Market, By End User:
- Water and Wastewater
- Chemicals
- Oil & Gas
- Power
- Commercial
- Residential
- Global Centrifugal Pump Market, By Region:
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Malaysia
- Singapore
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Poland
- Belgium
- Netherlands
- North America
- United States
- Mexico
- Canada
- South America
- Brazil
- Colombia
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Qatar
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global centrifugal pump market.
Available Customizations:
With the given market data, TechSci Research offers customizations according a company’s specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Profit Margin Analysis
- Profit margin analysis in case of direct and indirect sales channel.
It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]
Contact
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Tel: +1-646-360-1656
Email: [email protected]
