Centrifugal Pump Market to Grow at 5.6% CAGR to reach USD 36,879.0 Million by 2027 - Impact of COVID-19 Pandemic and Global Analysis by The Insight Partners

According to our latest market study on "Centrifugal Pump Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Stage, Operation type, Type, and Sector," the market is expected to reach US$ 36,879.0 million by 2028 from US$ 25,154.3 million in 2021; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028.

Centrifugal pumps are widely used equipment in wastewater treatment facilities. Developed regions such North America and Europe have modern wastewater management facilities with well-established practices; however, in developing regions such as Asia Pacific and Middle East & Africa, the popularity of such practices is gradually increasing. According to the World Health Organization (WHO), ~50% of the total population is anticipated to live in water-stressed regions by 2026. According to Sustainable Water Alliance, countries such as Iran and Saudi Arabia are anticipated to deploy several new water and wastewater facilities by 2026. Moreover, in June 2021, an official of Saudi Water Partnership Company (SWPC) announced its plans to partner with the Saudi Arabian private sector with an investment of US$ 4 billion for water and wastewater projects. Under these projects, the country aims to deploy 158 projects, including 11 desalination plants and 147 wastewater plants, which would be operational by end of 2023. Meanwhile, in 2021, China's National Development and Reform Commission made announcements regarding its plans to improve sewage water treatment capabilities as well as to focus on the conversion of sewage into reusable resources by 2026. Thus, such initiatives by governments are generating ample growth opportunities for the centrifugal pumps market players.

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Centrifugal Pump Market - Company Profiles

EBARA CORPORATION
Grundfos Holding A/S
KIRLOSKAR BROTHERS LIMITED
KSB SE & Co. KGaA
PLEUGER INDUSTRIES
Sulzer Ltd
The Weir Group PLC
Tsurumi Manufacturing Co., Ltd.
WILO SE
Xylem Inc.

The latest research report on the "Centrifugal Pump Market - Industry Analysis, Market Size, Opportunities and Forecast, 2021 - 2028" provides a comprehensive assessment of the Centrifugal Pump market for the forecast period from 2021 to 2028. The investigative report provides a detailed analysis of the impact of COVID-19 on various segments in the Centrifugal Pump market based on product type, application, and end-use across numerous countries around the world. Further, the report also provides insights into market developments, trends, supply and demand changes across various regions across the globe. Thereby, the report provides a holistic view on the Centrifugal Pump Market in order to help decision makers with various strategic insights and future outlook. The Centrifugal Pump market is expected to witness continued growth during the forecast period from 2021 to 2028.

This is a professional and in-depth study on the current state of the Centrifugal Pump Market with a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Strategic Insights and Development plans are also discussed and manufacturing processes and cost structures analyzed. Centrifugal Pump Market import/export consumption, supply and demand figures and cost price and production value gross margins are also provided.

The centrifugal pump market has been segmented into three major regions-Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA). In 2020, APAC held the largest share of the market, followed by Europe and the MEA. The expansion of the centrifugal pump market in APAC is attributed to the region's development strategies, including the surging infrastructure investments. China reports the largest sales of centrifugal pumps. However, economic difficulties in China and the Eurozone have led to deceleration in the sales of these pumps, and the same is expected in the coming years. Moreover, the negative impact of falling oil and gas prices is another factor contributing to the projected slowdown in the global centrifugal pump market growth in the coming years. Further, Europe is experiencing significant adoption of modern farming practices such as hydroponics and vertical farming, creating substantial opportunities for centrifugal pumps market players. The MEA centrifugal pump market is expected to grow exponentially during the forecast period due to flourishing infrastructure in the commercial sector in several countries in the region.

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Note - The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on 'Centrifugal Pump Market' provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

The report segments the global Centrifugal Pump Market based on application, type, service, technology, and region. Each chapter under this segmentation allows readers to grasp the nitty-gritty of the market. A magnified look at the segment-based analysis is aimed at giving the readers a closer look at the opportunities and threats in the market. It also addresses political scenarios that are expected to impact the market in both small and big ways. The report on the global Centrifugal Pump Market examines changing regulatory scenarios to make accurate projections about potential investments. It also evaluates the risk for new entrants and the intensity of the competitive rivalry.

The report focuses on global major leading Centrifugal Pump Market players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out.

The centrifugal pump market is segmented based on stage, operation type, type, sector, and geography. Based on stage, the centrifugal pump market is sub-segmented into single stage and multistage. Based on operation type, the centrifugal pump market is categorized into electric, hydraulic, and air driven. Based on type, the market is segmented into overhung impeller, vertically suspended, and between bearing. Based on sector, the market is segmented into oil and gas, chemicals and petrochemicals, mining, power generation, automotive, agriculture, HVAC, wastewater management, and others. Additionally, based on region, the centrifugal pump market is segmented into Europe, Asia Pacific, and Middle East & Africa.

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Reasons to Buy
• Highlights key business priorities to assist companies realign their business strategies.
• Features key findings and crucial progressive industry trends in the global Centrifugal Pump market, thereby allowing players to develop effective long-term strategies.
• Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
• Scrutinizes in-depth market trends as well as key market drivers and restraints.
• Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.

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