Press release
Centrifugal Water Pump Market Set to Reach USD 47.51 Billion by 2030
Centrifugal Water Pump Market
The global centrifugal water pump market, valued at USD 36.57 billion in 2023, is projected to reach USD 47.51 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.81% during the forecast period.
๐๐๐ญ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/31673/
๐๐๐ง๐ญ๐ซ๐ข๐๐ฎ๐ ๐๐ฅ ๐๐๐ญ๐๐ซ ๐๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ
Centrifugal pumps are mechanical devices designed to move liquids through the transfer of rotational energy via impellers. They are extensively used for water pumping in both industrial and residential settings. Key drivers of market growth include advancements in pump automation, increased efficiency, reduced energy consumption, and rising demand from sectors such as agriculture and industrial processes. However, challenges such as limitations in handling high-pressure and viscous liquids may impede growth.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
The Asia-Pacific region is anticipated to lead the market, driven by substantial infrastructure development in countries like China, India, and Indonesia. For instance, under its 13th Five-Year Plan (2018-2022), China planned to invest around RMB 559 billion in its water treatment industry, bolstering the demand for centrifugal pumps.
In December 2018, the U.S. Department of Energy announced plans to invest USD 100 million in energy-water desalination hubs, indicating a positive outlook for the centrifugal pump market in the region.
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
๐๐๐ง๐ญ๐ซ๐ข๐๐ฎ๐ ๐๐ฅ ๐๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Vietnam's rapid industrialization and urbanization have led to increased investments in water infrastructure projects. The government's focus on improving water supply and sanitation facilities is expected to create significant opportunities for centrifugal pump manufacturers.
๐๐๐ง๐ญ๐ซ๐ข๐๐ฎ๐ ๐๐ฅ ๐๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Thailand's expanding agricultural sector, coupled with initiatives to enhance irrigation systems, is driving the demand for efficient water pumps. Additionally, the development of industrial estates is contributing to market growth.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: //www.maximizemarketresearch.com/request-sample/31673/
๐๐๐ง๐ญ๐ซ๐ข๐๐ฎ๐ ๐๐ฅ ๐๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
Japan's emphasis on technological innovation has led to the adoption of advanced centrifugal pumps in various industries, including chemical processing and wastewater treatment. The focus on energy efficiency and environmental sustainability is further influencing market trends.
๐๐๐ง๐ญ๐ซ๐ข๐๐ฎ๐ ๐๐ฅ ๐๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
South Korea's robust industrial base, particularly in sectors like electronics and automotive manufacturing, necessitates reliable water pumping solutions. The consolidation of key market players through mergers and acquisitions is enhancing the industry's competitive landscape.
๐๐๐ง๐ญ๐ซ๐ข๐๐ฎ๐ ๐๐ฅ ๐๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Singapore's commitment to water resource management and its status as a global business hub are driving the adoption of state-of-the-art centrifugal pump technologies. Continuous updates in infrastructure and emphasis on smart water management systems are propelling market growth.
๐๐๐ง๐ญ๐ซ๐ข๐๐ฎ๐ ๐๐ฅ ๐๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ง๐ข๐ญ๐๐ ๐๐ญ๐๐ญ๐๐ฌ
The U.S. is witnessing increased investments in energy-water desalination projects, creating opportunities for centrifugal pump manufacturers. The focus on infrastructure modernization and sustainable water management practices is further supporting market expansion.
๐๐๐ง๐ญ๐ซ๐ข๐๐ฎ๐ ๐๐ฅ ๐๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Europe's stringent environmental regulations and commitment to renewable energy sources are driving the demand for efficient centrifugal pumps. The region's focus on wastewater treatment and sustainable industrial practices is contributing to market growth.
๐๐๐๐๐ง๐ญ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ
In June 2024, ๐๐๐๐ก๐ง๐ข๐ฉ๐ ๐๐ ๐ฉ๐ฅ๐ collaborated with ๐๐ฎ๐ฅ๐ณ๐๐ซ ๐ ๐ฅ๐จ๐ฐ ๐๐ช๐ฎ๐ข๐ฉ๐ฆ๐๐ง๐ญ to develop new subsea carbon dioxide (COโ) pump systems, enhancing capabilities in carbon capture and storage applications.
In 2021, ๐๐๐๐ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง completed the acquisition of ๐๐ข๐ซ๐ญ๐๐๐ก ๐๐ซ๐จ๐ฎ๐ฉ ๐๐ง๐., strengthening its position in the centrifugal pump market.
๐๐จ๐ง๐๐ฅ๐ฎ๐ฌ๐ข๐จ๐ง
The global centrifugal water pump market is set for substantial growth, driven by technological advancements, increasing infrastructure development, and a focus on efficient water management solutions across various regions.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐จ๐ซ ๐๐จ๐ซ๐ ๐๐๐ญ๐๐ข๐ฅ๐ฌ:https://www.maximizemarketresearch.com/request-sample/31673/
๐๐๐ง๐ญ๐ซ๐ข๐๐ฎ๐ ๐๐ฅ ๐๐๐ญ๐๐ซ ๐๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
๐๐ฒ ๐๐ญ๐๐ ๐
Single Stage
Multistage
๐๐ฒ ๐๐ฎ๐ฆ๐ฉ ๐๐ฒ๐ฉ๐
Overhung Impeller
Vertically Suspended
Between Bearing
๐๐ฒ ๐๐ง๐ ๐๐ฌ๐๐ซ
Industrial
Commercial and Residential
๐๐๐๐ค๐ข๐ง๐ ๐ ๐ญ๐ก๐จ๐ซ๐จ๐ฎ๐ ๐ก ๐ฆ๐๐ซ๐ค๐๐ญ ๐ฎ๐ง๐๐๐ซ๐ฌ๐ญ๐๐ง๐๐ข๐ง๐ ? ๐๐ข๐ฏ๐ ๐ข๐ง๐ญ๐จ ๐ญ๐ก๐ ๐ฌ๐ฎ๐ฆ๐ฆ๐๐ซ๐ฒ ๐จ๐ ๐ญ๐ก๐ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก ๐ซ๐๐ฉ๐จ๐ซ๐ญ: https://www.maximizemarketresearch.com/market-report/global-centrifugal-water-pump-market/31673/
๐๐๐ง๐ญ๐ซ๐ข๐๐ฎ๐ ๐๐ฅ ๐๐๐ญ๐๐ซ ๐๐ฎ๐ฆ๐ฉ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
1. TT (US)
2. Flowserve (US)
3. KSB (Germany)
4. Sulzer (Switzerland)
5. Grundfos (Denmark)
6. Xylem Inc.
7. Sulzer
8. Danfoss A/S
9. Wilo SE.
10.Weir Group PLC.
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