According to the market report published by
MarketsandMarkets "Centrifugal
Pump Market by Type (Overhung Impeller, Vertically Suspended, and between
Bearing), Stage (Single Stage, Multistage), End-User (Water and Wastewater,
Chemicals, Oil & Gas, Power, Commercial and Residential), and Region -
Global Forecast to 2022", The centrifugal pump market is
expected to grow from an estimated USD 30.65 billion in 2017 to USD 36.98
billion by 2022, at a CAGR of 3.83%, during the forecast period. The market is
set to witness growth due to increasing investments in infrastructure
development and rising demand from the industrial sector.
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The single stage centrifugal
pump market is expected to be the largest centrifugal pump market, by stage, in
2017.
The single stage pump segment is expected to be the
largest segment of the centrifugal pump market, by stage, in 2017. These pumps
are widely used in the industrial sector as they can handle large flow volumes
of fluids. Increased investments in infrastructure and solar power plants and
the growing household sector in developing countries are the key drivers of the
single stage centrifugal pump market.
Browse and
in-depth TOC on “Centrifugal Pump Market”
69
- Tables
40
- Figures
154
- Pages
The vertically suspended
centrifugal pump market is expected to be the second-largest centrifugal pump
market, by type, during the forecast period.
Vertically suspended pumps are self-priming and use 75%
less floor space than horizontal pumps with electric motor drives. An increase
in the demand for multistage pumps with high pressure in high rise commercial
buildings, the petroleum, oil & gas, and industry process services, and
cooling power systems are the major factors driving the market for vertically
suspended pumps.
Europe: Key market for
centrifugal pumps during the forecast period.
In this report, the centrifugal pump market has been
analyzed with respect to 6 regions, namely, Asia Pacific, Europe, North America,
South America, the Middle East, and Africa. Europe is expected to be the
second-largest centrifugal pump market, by region, during the forecast period.
The increased demand from the water and wastewater sector, moderate demand from
the construction and mining sectors, the growing awareness of energy savings,
high per capita income, and supportive government plans are expected to drive
the market for centrifugal pumps in this region. Germany, Russia, and the UK
are the leading countries which will contribute to the growth of the
centrifugal pump market in Europe.
Objectives of the Study
·
To define, describe, and forecast the market by
type, by stage, by end-user, and region
·
To provide detailed information regarding the
major factors influencing the growth of the market (drivers, restraints,
opportunities, and industry-specific challenges)
·
To strategically analyze the market with respect
to individual growth trends, future projections, and the contribution of each
segment to the market
·
To track and analyze competitive developments
such as contracts & agreements, new product launches, expansions and
investments, mergers & acquisition, strategic alliances, and partnerships
and collaborations in the market
·
To profile key players and comprehensively
analyze their market ranking and core competencies
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To enable an in-depth understanding of the competitive
landscape, the report includes the profiles of some of the top players in the centrifugal
pump market such as ITT (US), Flowserve (US), KSB (Germany), Sulzer
(Switzerland), Grundfos (Denmark), and Ebara (Japan).
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