Vertical Multistage Centrifugal Market Top Keyplayers 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),

Vertical multistage centrifugal pump is a mechanical device used for the transportation of liquid from one place to another by creating suitable pressure on the head of pump. The vertical multistage pumps provide several benefits such as saves energy, and is able to operate in a wide range of flow/head scenarios.

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Increasing Number of Construction Activities is one of the Major Factors Driving Growth of the Market
Factors such as rising urbanization across the world and rapid growth in the global population, which has led to increase in infrastructural and construction activities and this is expected to aid in growth of the market For instance, according to World Bank ,the urban population in 2014 was 53.8% of global population, which reached up to 54.3% in 2016, globally. Development in infrastructural activities results in increasing construction activities, which eventually creates high demand for vertical multistage centrifugal pump.

Global Vertical Multistage Centrifugal Pump Market: Regional Insights

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.

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Global Vertical Multistage Centrifugal Pump Market: Competitive Landscape

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.

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