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    Centrifugal Pump Market Size, Share & Forecast | 2020-25

    Centrifugal Pump Market Size, Share & Forecast | 2020-25
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    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.

    Centrifugal Pump Market- Snapshot

    Growth

    5.2% for the next five years

    Major Type

    Overhung Impeller Pumps

    Major Stage Type

    Multistage

    Dominant End-User Type

    Industrial

    Region with the highest demand

    Asia-Pacific

    Key Players

    Xylem Inc., The Flowserve Corporation, Grundfos, Sulzer Ltd., ITT Corporation, WILO SE, Circor International Inc., Ebara Corporation, and Baker Hughes (A GE Company).

                                                                                                                                                                                    

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    Centrifugal Pump Market Share: By Type

    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.

    Centrifugal Pump Market Share: By Stage Type

    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.

    Centrifugal Pump Market Share: By End-User Type

    Based on the end-user type, the market is segmented as industrial and commercial & residential. The industrial segment is expected to register a higher growth during the forecast period. The market is driven by the increasing demand from the water and wastewater and agricultural sectors majorly in the countries such as India, Thailand, Saudi Arabia, Malaysia, Vietnam, and Nigeria.

    Centrifugal Pump Market Share: By Region

    In terms of regions, 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.

    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).

     

    Market Scope & Segmentation

    Centrifugal Pumps majorly find use in moving water or any other fluid by means of inducing the flow by building up the pressure of the fluid. The pumps are of different types such as overhung impeller, vertically suspended, and between bearings.

    Centrifugal pumps are generally employed in power industries, oil & gas, water & wastewater, chemical, and others. The prominent advantages for the preference of a centrifugal pump entail its ease of operation, compactness in size, and foremost, it suitably aids to lift highly viscous liquid, such as sugar molasses, paper pulp, muddy and sewage water, and oil.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Centrifugal Pump Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    9

     

    The centrifugal pump market is segmented into the following categories. 

    Centrifugal Pump Market Size, Share, & Forecast, by Type:

    • Overhung Impeller (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Vertically Suspended (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Between Bearing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Centrifugal Pump Market Size, Share, & Forecast, by Stage Type:

    • Single Stage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Multistage (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Centrifugal Pump Market Size, Share, & Forecast, by End-User Type:

    • Industrial
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (End-User Type Analysis: Water and Wastewater, Oil & Gas, Chemical, Power, and Others)
    • Commercial & Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Centrifugal Pump Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the types by end-user type.   

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


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