As per this study the Global Centrifugal Pumps Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated XX Units in 2019 and is expected to reach XX Units by 2026 with a CAGR of XX%.
The centrifugal pump is the hydraulic machine designed to move the fluids through conversion of mechanical energy into hydraulic energy. It uses impeller to transfer liquids by means of centrifugal force where the fluid is needed to raise from low to high level. The centrifugal pump finds application across agriculture, power generational plant, municipal, chemical, pharmaceutical and many other sector.
Rising demand in wastewater treatment, agriculture, chemical and other end use application areas owing to more effective and versatile is driving the market growth. Growing awareness regarding water treatment & reuse in further pushing the market demand higher. Ongoing urbanization followed by industrialization is also creating huge demand for centrifugal pumps across all end-use industries.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of centrifugal pumps.
The broad centrifugal pumps market has been sub-grouped into stage, impeller type and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Impeller Type
- Partially Open
- Oil & Gas
- Water & Wastewater
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for centrifugal pumps in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Centrifugal Pumps Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the centrifugal pumps market include Baker Hughes, Inc., Clyde Union, Inc., Dover Corporation, Ebara Corp., Flowserve Corporation, Grundfos Holding A/S, ITT Inc., KSB AG, Schlumberger Ltd., Sulzer Ltd. and Weir Group plc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.