Centrifugal Pump Market to offer profitable growth during 2020-25 with a healthy CAGR of 5.2%
March 18, 2020
Centrifugal Pump Market Overview:
Centrifugal Pump Market is likely to witness an impressive CAGR of 5.2% during the forecast period. Investments in wastewater treatment plants in the emerging economies majorly in the Middle East and Asia-Pacific are the key influencers that are driving the centrifugal pump market globally.
The Diverse Stand Points:
The true picture of the market shall not emerge till the time the market is analysed from various point of views. Each vantage point gives better understanding of the market. The market of Centrifugal Pump has been viewed from various perspectives such as:
- By Type (Overhung Impeller, Vertically Suspended, Between Bearing)
- By Stage Type (Single Stage, Multistage)
- By End-Use Type (Industrial, Commercial & Residential)
- By Region (North America, Europe, Asia-Pacific, and RoW)
Each view helps us answer a prominent question, and we bring out the best market intelligence which is of interest to each and every player in the market, no matter where he lies in the value chain.
The answers to the prominent questions which are evinced out of above slicing of the market are:
- Which are the best performing segments of the market?
- Which is the most dominant region?
- Who are the movers and shakers of the market?
- What are the regional growth hotspots?
- What are the segmental growth forecasts?
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Centrifugal Pump Market Segment Insights:
Overhung Impeller: The growth engine
Based on the type, the market is segmented as an overhung impeller, vertically suspended, and between bearing. The overhung impeller segment dominated the market in 2019, and the segment is likely to maintain its dominance during the forecast period. The growth of the segment is owing to the extensive use of overhung impellers in commercial, residential, and industrial applications. In addition, they are also used in different end-use industries for power generation owing to their low cost as compared against bearing pumps.
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Dominance of: The Multistage Segment
Based on the stage type, the market is segmented as single stage and multistage. The multistage segment is estimated to have substantial growth in the coming five years. Multistage pumps offer several advantages as they are suitable in operating in a host of flow/head situations.
A highly/moderately/fragment consolidated Market
Some of the centrifugal pump manufacturers are Xylem Inc., The Flowserve Corporation, Grundfos, Sulzer Ltd., ITT Corporation, WILO SE, Circor International Inc., Ebara Corporation, and Baker Hughes (A GE Company).
Regional Hegemony of Asia-Pacific
Asia-Pacific is expected to dominate the centrifugal pump market in the coming five years. China and India are the growth engines of the region. The market is driven by the growing investments in the water and wastewater set-up in India and other South-Eastern countries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.
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Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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