The global centrifugal pump market is estimated to
expand at ~4.01% CAGR during the forecast period. 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 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.
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Prominent
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).
Scope
of the Report
This research report provides insights into various
levels of analysis, such as industry analysis and market share analysis for the
leading industry competitors, along with their profiles. It also helps in
studying the target segments by providing views on the emerging & high-growth
segments. The market data comprises the basic assessment of the competitive
scenarios and strategies in the global centrifugal pump market, including
high-growth regions and/or countries, and political and economic environments.
The project report further provides both – historical market values and pricing
& cost analysis.
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Industry
Segmentation
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.
Regional
Outlook
Region wise, North America held the largest market
share of the global Centrifugal Pump market in 2017. It is estimated that
Asia-Pacific region would be the fastest growing market during the forecast
period, mainly due to the rising investment infrastructure development.
Moreover, he increased demand from the water and wastewater sector, moderate
demand from constructions sector, rising urbanization, and supportive
government plans are expected to drive the market for centrifugal pumps in Asia
Pacific region. The pumps market would be mainly driven by the growing need for
water conservation in the countries such as US and Canada.
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