Centrifugal Pump Market: Global Outlook, Key Developments, And Market Share Analysis | 2020-25


OCT 11,2021/IndustryNewsGlobal/ The unexpected shifts in the global markets because of the sudden outbreak of the COVID-19 virus have brought many major and minor tremors to industries of all sizes including the Centrifugal Pump Market.

Centrifugal Pump Market is likely to witness an impressive CAGR of 5.2% during the forecast period. Investments in wastewater treatment plants in the emerging economies majorly in the Middle East and Asia-Pacific are the key influencers that are driving the centrifugal pump market globally.

Centrifugal Pumps majorly find use in moving water or any other fluid by means of inducing the flow by building up the pressure of the fluid. The pumps are of different types such as overhung impeller, vertically suspended, and between bearings.

Centrifugal pumps are generally employed in power industries, oil & gas, water & wastewater, chemical, and others. The prominent advantages for the preference of a centrifugal pump entail its ease of operation, compactness in size, and foremost, it suitably aids to lift highly viscous liquid, such as sugar molasses, paper pulp, muddy and sewage water, and oil.

By Type

Based on the type, the market is segmented as an overhung impeller, vertically suspended, and between bearing. The overhung impeller segment dominated the market in 2019, 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 against bearing pumps.

By Stage Type

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 in operating in a host of flow/head situations.

By End-User Type

Based on the end-user type, the market is segmented as industrial and commercial & residential. The industrial segment is expected to register a 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.

By Region

In terms of regions, Asia-Pacific is expected to dominate the centrifugal pump 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.

Key Players:
  • Xylem Inc.,
  • The Flowserve Corporation,
  • Grundfos, Sulzer Ltd.,
  • ITT Corporation, WILO SE,
  • Circor International Inc.,
  • Ebara Corporation,
  • Baker Hughes (A GE Company).

Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

The Centrifugal Pump Market analysis report discusses the following heads in great detail:
  • Market structure: Overview, industry life cycle analysis, supply chain analysis
  • COVID-19 Impact Assessment
  • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • Market trend and forecast analysis
  • Market segment trend and forecast
  • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
  • Attractive market segments and associated growth opportunities
  • Emerging trends
  • Strategic growth opportunities for the existing and new players
  • Key success factors

Customization of the Report:

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