The global demand for Centrifugal Pump & Positive Displacement Pump Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Centrifugal and positive displacement pumps are devices used to move fluids, liquids, gases, or sometimes slurries, using mechanical power, and converting hydraulic energy into electrical energy. A Centrifugal pump is capable of higher flows. It can work with lower viscosity liquids. A positive displacement pump can handle higher viscosity fluids and operate at high pressures and relatively low flows more efficiently. Positive displacement pumps are preferred for applications involving thick oils, slurries, complex fluids such as emulsions, foodstuffs, and fluids in the healthcare sector, especially when accurate dosing is required.
Market Dynamics
Mechanical pumps being used across a wide range of industries is the critical trending factor for the market's growth. The manufacture and availability of pumps in various shapes and sizes to suit multiple sectors' demands will boost the market growth. Upgrading and constructing new water & wastewater treatment facilities and adopting solar-powered mechanical pumps in all industries, including agriculture, and oil exploration, will provide a steady flow of market growth opportunities. Rapid industrialization, urbanization, and heightened investments in infrastructure development across the globe will further propel market growth. Technological advancements and the design of alternative efficient pumps will hamper the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of centrifugal pump & positive displacement pump. The growth and trends of centrifugal pump & positive displacement pump industry provide a holistic approach to this study.
Market Segmentation
This section of the centrifugal pump & positive displacement pump market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Product Type
- Axial Flow Pumps
- Mixed/Radial Flow Pumps
- Peripheral Pumps
- Jet Pumps
By Application
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Centrifugal Pump & Positive Displacement Pump market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Centrifugal Pump & Positive Displacement Pump Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the centrifugal pump & positive displacement pump market include Grundfos, Flowserve, ITT, KSB, Sulzer, Ebara, Schlumberger, Weir Group, Wilo AG, Idex. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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