Centrifugal Pump Market to Grow $36.98 Billion by 2022 | Leading key players are Resideo, Legrand, Schneider Electric, Johnson Controls, Siemens, Ingersoll Rand

According to the new market research report "Centrifugal Pump Market by Type (Overhung Impeller, Vertically Suspended, and between Bearing), Stage (Single Stage, Multistage), End-User (Water and Wastewater, Chemicals, Oil & Gas, Power, Commercial and Residential), and Region - Global Forecast to 2022", The centrifugal pump market is expected to grow from an estimated USD 30.65 billion in 2017 to USD 36.98 billion by 2022, at a CAGR of 3.83%, during the forecast period.

Browse 69 tables and 40 figures spread through 154 pages and in-depth TOC on "Centrifugal Pump Market - Global Forecast to 2022"

https://www.marketsandmarkets.com/Market-Reports/centrifugal-pump-market-17494785.html

The market is set to witness growth due to increasing investments in infrastructure development and rising demand from the industrial sector.

The single stage centrifugal pump market is expected to be the largest centrifugal pump market, by stage, in 2017.

The single stage pump segment is expected to be the largest segment of the centrifugal pump market, by stage, in 2017. These pumps are widely used in the industrial sector as they can handle large flow volumes of fluids. Increased investments in infrastructure and solar power plants and the growing household sector in developing countries are the key drivers of the single stage centrifugal pump market.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=17494785

The vertically suspended centrifugal pump market is expected to be the second-largest centrifugal pump market, by type, during the forecast period.

Vertically suspended pumps are self-priming and use 75% less floor space than horizontal pumps with electric motor drives. An increase in the demand for multistage pumps with high pressure in high rise commercial buildings, the petroleum, oil & gas, and industry process services, and cooling power systems are the major factors driving the market for vertically suspended pumps.

Target Audience:

The report’s target audience includes:

Centrifugal pump manufacturing companies
Consulting companies in the power and oil & gas sector
Process and manufacturing plants
Government and research organizations
Centrifugal pump and equipment manufacturers
Water Industry Forum
State- or government-owned corporations
Power transmission and distribution companies

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=17494785

Scope of the Report:

By Pump Type
Overhung Impeller
Vertically Suspended
Between Bearing
By Stage
Single Stage
Multistage
By End User
Industrial
Commercial and Residential
By Region
Asia Pacific
Europe
North America
Middle East
South America
Africa

Europe: Key market for centrifugal pumps during the forecast period.

In this report, the centrifugal pump market has been analyzed with respect to 6 regions, namely, Asia Pacific, Europe, North America, South America, the Middle East, and Africa. Europe is expected to be the second-largest centrifugal pump market, by region, during the forecast period. The increased demand from the water and wastewater sector, moderate demand from the construction and mining sectors, the growing awareness of energy savings, high per capita income, and supportive government plans are expected to drive the market for centrifugal pumps in this region. Germany, Russia, and the UK are the leading countries which will contribute to the growth of the centrifugal pump market in Europe.

Sample Copy @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=17494785

To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the centrifugal pump market such as ITT (US), Flowserve (US), KSB (Germany), Sulzer (Switzerland), Grundfos (Denmark), and Ebara (Japan).

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
newsletter@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

This release was published on openPR.