Definitions, segmentations, and various classifications of the industry, applications of the industry, and chain structure are given in the Centrifugal Pump Market report presented by Stratview Research. Past, present, and future scenarios of the Centrifugal Pump Market in key regions, and industry policies and news are mentioned in this newly launched report.
Market Insights
The centrifugal pump market size was estimated at USD 35.77 billion in 2021 and is likely to grow at a CAGR of 5.84% during 2022-2028 to reach USD 53.32 billion in 2028.
In-depth analysis of the industry is a crucial part of any stakeholders like investors, manufacturers, traders, suppliers, and others. The Centrifugal Pump Market report is a precise source, that provides vital and minute details of the industry.
Investments in wastewater treatment plants in emerging economies majorly in the Middle East and Asia-Pacific are the key influencers that are driving the centrifugal pump market globally.
Linchpins in the Centrifugal Pump Market –
To provide detailed information on competitive landscape, this report includes detailed profiles of Centrifugal Pump Market key players. For each player, product details, price, gross and revenue numbers are also mentioned. Here is a list of the major key players, that are mentioned in the Centrifugal Pump Market report -
- Xylem Inc.
- The Flowserve Corporation,
- Grundfos,
- Sulzer Ltd.,
- ITT Corporation,
- WILO SE,
- Circor International Inc.,
- Ebara Corporation,
- Baker Hughes (A GE Company).
Region-wise analysis
The report sheds light on the locations or region-wise details of the Centrifugal Pump Market. Also, Centrifugal Pump Market industry growth in various regions and RD status are also covered such as:
In terms of regions, Asia-Pacific is expected to dominate the market in the coming five years. China and India are the growth engines of the region. The market is driven by the growing investments in the water and wastewater set-up in India and other South-Eastern countries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
Based on the type, the market is segmented as an overhung impeller, vertically suspended, and between bearings. The overhung impeller segment dominated the market in 2021, and the segment is likely to maintain its dominance during the forecast period. The growth of the segment is owing to the extensive use of overhung impellers in commercial, residential, and industrial applications. In addition, they are also used in different end-use industries for power generation owing to their low cost as compared to bearing pumps.
Based on the stage type, the market is segmented as single-stage and multistage. The multistage segment is estimated to have substantial growth in the coming five years. Multistage pumps offer several advantages as they are suitable for operating in a host of flow/head situations.
Based on the end-user type, the market is segmented as industrial and commercial residential. The industrial segment is expected to register higher growth during the forecast period. The market is driven by the increasing demand from the water and wastewater and agricultural sectors majorly in the countries such as India, Thailand, Saudi Arabia, Malaysia, Vietnam, and Nigeria.
Several important topics included in the Centrifugal Pump Market research report are as follows:
- Centrifugal Pump Market Overall Overview
- Centrifugal Pump Market Competition by Manufacturers, Type and Application
- Centrifugal Pump Market by Volume, Value and Sales Price
- Centrifugal Pump Market Manufacturers Analysis
- Centrifugal Pump Market Technology and Development Trend
Competitive Benchmarking
Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances.
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