Press release
Centrifugal Pump Market worth 36.98 Billion US$ till 2022 | Leading Key Players, Industry Analysis, Trends, Market Concentration, Business Growth
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The Centrifugal Pump Market is projected to grow from an estimated US$ 30.65 Billion in 2017 to US$ 36.98 Billion by 2022, at a CAGR of 3.83%, from 2017 to 2022. Increasing investments in modernizing water and wastewater infrastructure, infrastructure development, and power generation in emerging economies and the growth of industries such as chemicals and manufacturing is driving the market for centrifugal pumps across the world.
Top Key Players in this “Centrifugal Pump Market” include are
• ITT (US)
• KSB (Switzerland)
• Flowserve (US)
• Sulzer (Switzerland)
• Ebara (Japan)
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The industrial segment of the global centrifugal pump market is expected to grow at a fast pace during the forecast period. This can be attributed to rapid growth in industrialization and urbanization across the world. Use of centrifugal pumps in industries such as water and wastewater, oil & gas, process industries, chemicals, and mining is increasing due to their high efficiency, wide capacity range, flow rate, and ease of operation and maintenance.
Asia Pacific is the largest market for centrifugal pumps, followed by Europe and North America. While China will continue to drive demand, growing industrial demand and increasing investments in infrastructure development in emerging economies such as India, Thailand, and Malaysia are expected to boost the demand for centrifugal pumps.
The Study Objectives of this report are:
• To strategically analyze the centrifugal pump industry with respect to individual growth trends, future projections, and the contribution of each segment to the market
• To provide detailed information regarding the major factors influencing the growth of the centrifugal pump market (drivers, restraints, opportunities, and industry-specific challenges)
• To track and analyze competitive developments such as contracts & agreements, new product launches, expansions and investments, mergers & acquisition, strategic alliances, and partnerships and collaborations in the centrifugal pump market
• To profile key players and comprehensively analyze their market ranking and core competencies
Target Audience:
• Consulting companies in the power and oil & gas sector
• Process and manufacturing plants
• Centrifugal pump manufacturing companies
• Government and research organizations
• Power transmission and distribution companies
• Centrifugal pump and equipment manufacturers
• Water Industry Forum
• State- or government-owned corporations
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Research Coverage:
The report provides a picture of the centrifugal pump market across the pump industry and regions. It aims at estimating the market size and future growth potential of the market across different segments such as type, stage, end-user, and region. Furthermore, the report includes an in-depth competitive analysis of the key players in the market along with their company profiles, recent developments, and key market strategies.
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