Volute Pump Market Poised to Garner Maximum Revenues during 2021 - 2031

A volute pump is a type of centrifugal pump, in which the pump casing has two parts, i.e., volutes and diffusers. Metallic pumps and concrete pumps are the two major types of volute pumps available in the market. Metallic pumps are used in large-capacity water-handling applications. On the contrary, concrete pumps are used at the construction site in transferring/conveying liquid mixed concrete from the containers to where it needs to be filled.

Both of these types of volute pumps are further categorized into two types, i.e., single volute pump and double volute pump, where double volume pump has two cutwaters and single volume pump has just one cutwater.

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COVID-19 scenario

Companies are trying to manage lost income and disrupted supply chains due to industrial facility shutdowns, quarantines, and lockdowns implemented across the globe. With coronavirus impacting numerous segments, including venture advancements, development works, assembling, and travel/tourism, interest in crude materials, for example, oil and coal has dropped and costs are declining. These factors further influence new projects in the volute pump market growth.

Furthermore, the outbreak of COVID-19 has resulted in a lack of new developments in the energy, gas, and oil sectors, leading to sluggish demand for volute pumps across the globe. On the contrary, the hygiene, medical, and pharmaceutical industries are expected to witness considerable growth due to the significant role played by these pumps in the piping system and in making processes efficient. This is further expected to create potential opportunities for market expansion in the near future.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis

An increase in the consumption of oil &gas around the world is likely to drive the growth of the global volute pump market. In addition, a rise in interest in vitality effectiveness ventures sponsored by governments boosts the development of the market. Another major factor that is likely to fuel the growth of this market is the active participation of state and federal governments in irrigation schemes across various geographies. Awareness among the population pertinent to rainwater harvesting is expected to create growth opportunities for this market.

Apart from these, rapid increases in industrialization, higher investment in infrastructure programs, and development of the irrigation sector significantly contribute toward the growth of the global market.

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Market Key Segments:

By Type
• Metallic Pumps
• Concrete Pumps

By Application
• Cooling Water
• Irrigation Schemes
• Drainage & Flood Control
• Others

By End Use
• Water & Wastewater Treatment
• Agriculture & Lift Irrigation
• Chemicals
• Building Services
• Oil & Gas
• Others

By Region
• North America (US, Canada)
• Europe (Germany, UK, France, rest of Europe)
• Asia-Pacific (China, Japan, India, rest of Asia-Pacific)
• LAMEA (Brazil, Saudi Arabia, UAE, South Africa, rest of LAMEA)
• Middle East
• Africa

Key Market Players: KSB, Rodelta, Shanghai Kai Quan Pump (Group) Co. Ltd, Watson-Marlow Fluid Technology Group, Kubota Pump, Sulzer Ltd., Watson-Marlow Inc., GRUNDFOS Holding A/S, Andritz AG, Kaiquan Group

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Key benefits of the report

• This study presents the analytical depiction of the global volute pump market along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global volute pump market share.
• The current market is quantitatively analyzed to highlight the global volute pump market growth scenario.
• Porter's five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in the coming years.

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