Centrifugal Pump Market Size To Expand at a Notable CAGR Of 4.01% During 2023-2030

Pune, India, January, 2019 /MRFR Press Release/- Market Research Future published a half-cooked research report on global Centrifugal Pump market. The Centrifugal Pump market is expected to expand at ~ 4.01% CAGR during the period 2023 to 2030.

Market Highlights

Centrifugal Pump is a type of pump that uses impeller to move water or other fluids. These pumps are used to induce flow by increasing the pressure of the fluid. The centrifugal pump is commonly used in industries such as water & wastewater, power, chemical, oil & gas, and others. Advantages of centrifugal pump includes easy to handle, compact in size, and can be used to lift highly viscous liquid such as paper pulp, muddy and sewage water, sugar molasses, and oil.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Centrifugal Pump Market Research Report

Based on end-user, the market is segmented as water & wastewater, oil & gas, chemical, power, and others. Water & wastewater segment is estimated to dominate the market during the forecast period due to rising investment in waste water industry across the globe. The awareness level of water reuse has increased due to the decreasing level of groundwater globally. Industrial sector consumes a large volume of water, and due to depleting reserves of groundwater, the reuse of water has become essential. The governments across the world are focusing on the development of strict regulatory policies to build sustainable water systems which would in turn drive the use of centrifugal pumps in this industry.

The global Centrifugal Pump market is expected to grow at ~ 4.01% CAGR during the forecast period.

Drivers

Market Research Analysis

North America accounts for the largest market share whereas Asia-Pacific is the fastest growing region.

Region wise, North America held the largest market share of the global Centrifugal Pump market in 2017. It is estimated that Asia-Pacific region would be the fastest growing market during the forecast period, mainly due to the rising investment infrastructure development. Moreover, he increased demand from the water and wastewater sector, moderate demand from constructions sector, rising urbanization, and supportive government plans are expected to drive the market for centrifugal pumps in Asia Pacific region. The pumps market would be mainly driven by the growing need for water conservation in the countries such as US and Canada.

GLOBAL CENTRIFUGAL PUMP MARKET 2022-2030

Scope of the Report

This report provides an in-depth analysis of the global Centrifugal Pump market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East, Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Centrifugal Pump market by its type, stage, end-user, and by region

• By Type


• Overhung Impeller


• Vertically suspended


• Between-Bearing

• By Stage


• Single stage


• Multistage

• By End-User


• Water and Wastewater


• Oil & Gas


• Chemical


• Power


• Others

• By Regions


• North America 


• Asia-Pacific 


• Europe


• Middle East


• Africa


• South America

Key Players

The key players of the global centrifugal pump market are Xylem (US), Grundfos (Denmark), Flowserve (US), KSB (Germany), Circor International (US), Sulzer (Switzerland), ITT Corporation (US), Wilo (Germany), Ebara Corporation (Japan), Pentair (US), Someflu (France), Baker Hughes, A GE Company (US), and Weir (UK).