Vertical Multistage Centrifugal Market Opportunity Analysis, 2018 – 2026 Top Leading Player Included Pentair Water Groups, Grundfos, C.R.I. Pumps Private Limited, Crane Engineering, Carver Pump Company, Oswal Pumps Limited, National Oilwell Varco

Global Vertical Multistage Centrifugal Pump Market: Regional Insights

On the basis of region, the global vertical centrifugal pump market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Asia Pacific accounted for the largest market share in 2017 and is expected to be dominant over the forecast period. The key factor attributed to growth of the market is rising infrastructure development activities, especially in emerging economies such as China, India, and Indonesia. The reason for increasing infrastructural activities is growing industrialisation, rising economic growth, and shifting of people from rural areas to urban areas among others. According to the World Bank, by 2030,40.76% of India’s population is expected to reside in urban areas in. These factors have led to high demand for water in these economies, which is expected to drive growth for vertical multistage centrifugal pumps.

Moreover, stringent rules and regulation by government bodies and strict policies regarding recycling of wastewater and its treatment, especially in India and China are expected to drive growth of the vertical multistage centrifugal market in the region. For instance, in May 2018, Government of India launched the ‘Reuse of Treated Waste Water Policy' in Gujarat state that aims to reduce the state's dependence on fresh water sources such as Narmada river. Moreover, according to the National Development and Reform Commission (NDRC) analysis, the Chinese government’s investment for wastewater treatment was US$ 77.4 billion in 2015 and reached US$ 81.9 billion in 2016.

Global Vertical Multistage Centrifugal Pump Market: Competitive Landscape

Intense competition among vendors of vertical multistage centrifugal pumps has led to adoption of various strategies such as mergers and acquisitions and new product launches, in order to remain competitive in this market. Major players use such strategic tactics to increase their geographical foothold or to expand their products in the market. For instance, in July 2018, Grundfos released a new range of CR vertical multi-stage centrifugal in-line pumps, with efficiency upgrades and new features that will further improve pump reliability. CR centrifugal pumps is equipped with three new flow sizes (CR95, 125, and 155) and increases the maximum water flow to 220 cubic meters per hour.

Download PDF Brochure of this Report Made by an Industry Experts @ https://www.coherentmarketinsights.com/insight/request-pdf/2095

Major players in the vertical multistage centrifugal pumps market are Pentair Water Groups, Grundfos, C.R.I. Pumps Private Limited, Crane Engineering, Carver Pump Company, Oswal Pumps Limited, National Oilwell Varco., Desmi, Dab Pumps Spa P.I., Baiyun, Shakti Pumps (I), Xylem, Inc., Kolmeks Oy, and Lenntech B.V.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: sales@coherentmarketinsights.com

This release was published on openPR.