Centrifugal
pump device which is required to move fluids by means of the transfer of
rotational energy through impellers. These types of pumps are mainly used for
pumping water in the industrial and residential properties. They are also
majorly used in agriculture sector, municipal water and wastewater plants,
power generation plants, petroleum, and chemical industries, among others. The global centrifugal pump market is estimated to expand at 4.01% CAGR
during the forecast period.
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.
The growing demand for centrifugal pump
market is attributed to the growing infrastructure development across the globe
and rising demand for water conservation and investment in water &
wastewater industry. Countries such as US, China, Germany, India, and others
are focusing on desalination and investment in water treatment plants to
improve the efficiency of water intensive industries such as power, paper &
pulp, chemical, oil & gas, and others. One of the major restraints for the
global centrifugal pump market is the cavitation effect in centrifugal pumps.
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).
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Industry Segmentation
The centrifugal pump market has been segmented based on type into overhung
impeller, vertically suspended, and between-bearing. Among these types, vertically
suspended is the fastest growing segment in the centrifugal pump market as it as
it used 75% less floor space compared to horizontal pumps with electric motor
drives. It is majorly used in water & wastewater treatment plants.
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.
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