Global Centrifugal Water Pump Market was valued at USD 31.50 Bn in 2019 and is expected to reach USD 40.25 Bn by 2027 at a CAGR of 3.81% during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Centrifugal Water Pump Market
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Global Centrifugal Water Pump Market Dynamics:
Centrifugal pump is a mechanical device designed to move liquid by means of the transfer of rotational energy through impellers. These types of pumps are mainly used for pumping water in industrial and residential properties.
Drivers:
- Developing countries such as India and China are focusing on industrialization, thereby supporting the growth of centrifugal pumps.
- Advanced pump automation, increasing efficiency, and decreased energy usage of these pumps are the major factor boosting the growth of the centrifugal pumps market.
- Rising exploration activities for new sources of water and replacement of existing pumping systems & production plants with advance technologies have also encouraged the market growth.
- Urbanization along with increasing demand for water from agricultural sector is anticipated to boost the demand for centrifugal pumps
- Increasing investment for desalination plants across the world will propel centrifugal pumps market.
- Developments in the industrial sector, mainly in power, energy and agriculture, have considerably increased the current demand for centrifugal water pumps.
- Benefits of centrifugal pump include fast delivery, easy to operate, can be mounted horizontally or vertically, and it moves at high speeds with minimal maintenance will drive the market.
Restrains:
- Inability of function with high pressure and troubles in dealing with viscous liquids are accounted to be as restraints of the market growth
Opportunities:
- According to India Brand Equity Foundation (IBEF), India would require an investment USD 777.53 billion in infrastructure by 2022, to ensure sustainable development in the country. This would in turn increase the demand for centrifugal pumps.
- In December 2018 the US Department of Energy (DOE) stated that it plans to invest USD 100 million for energy water desalination hub.
- China, under the 13th Five-Year-Plan (2016-2020), has planned to invest around RMB 559 billion or 0.75 percent of its GDP on its water treatment industry.
Global Centrifugal Water Pump Market Regional Analysis:
Asia-Pacific is expected to lead the Global Centrifugal Water Pump Market during forecast period (2019-2027). Owing to a massive rise in infrastructure development activities, particularly in emerging economies such as China, India, and Indonesia. Additionally, Most of the countries in the Asia-pacific region have positive outlook pertaining to industries such as water & wastewater, etc. and Urbanization along with increasing demand for water from agricultural sector is anticipated to boost the demand for centrifugal water pumps market.
Global Centrifugal Water Pump Market, Key Highlights:
- Global Centrifugal Water Pump Market analysis and forecast, in terms of value.
- Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Centrifugal Water Pump Market
- Global Centrifugal Water Pump Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
- Global Centrifugal Water Pump Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
- Global Centrifugal Water Pump Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
- Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
- Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Centrifugal Water Pump Market are also profiled.
Scope of the Global Centrifugal Water Pump Market Report: Inquire before buying
Global Centrifugal Water Pump Market, by Pump Type
- Overhung Impeller
- Vertically Suspended
- Between Bearing
Global Centrifugal Water Pump Market, by Stage
- Single Stage
- Multistage
Global Centrifugal Water Pump Market, by End User
- Industrial
- Commercial and Residential
Global Centrifugal Water Pump Market, by Region
- Asia Pacific
- Europe
- North America
- Middle East and Africa.
Key Players Operating in the Global Centrifugal Water Pump Market:
- TT (US)
- Flowserve (US)
- KSB (Germany)
- Sulzer (Switzerland)
- Grundfos (Denmark)
- Xylem Inc.
- Sulzer
- Danfoss A/S
- Wilo SE.
- Weir Group PLC.
- Ebara Corporation
- Colfax Corporation
- Alfa Laval.
- Tsurumi Manufacturing Co., Ltd.
- Kirloskar Brothers Ltd.
- DESMI A/S
- WPIL Limited
- HERMETIC-Pumpen
- Shakti Pumps (India) Ltd.
- Klaus Union.
- Ruhrpumpen Group
- HOMA Pumpenfabrik GmbH
- CP Pumpen AG,
- Toyo Denki Industrial Co. Ltd.
- Speck Pumpen Walter Speck GmbH & Co.
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