Centrifugal Pump Market

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CENTRIFUGAL PUMP MARKET ANALYSIS

• Centrifugal Pump Market, By Product Type
  (Single-stage Pump, Multi-stage Pump, Axial
  Mixed Flow Pump, Submersible Pump and Sealless
  Circulator Pumps), By Capacity(HP) (High, Medium
  and Low), By End Use (Industrial (Chemicals,
  Water Wastewater Treatment, Power, Oil Gas,
  Pharmaceuticals, Food Beverages and Others),
  Agricultural and Domestic) and by Region (North
  America, Europe, Asia Pacific, RoW) - Size,
  Share, Outlook, and Opportunity Analysis, 2020 -
  2027

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• Market Overview
• The global centrifugal pump market is estimated
  to account for US 52,918 MN in terms of value by
  the end of 2027.
• Market Dynamics Drivers
• Growing infrastructure development worldwide is
  expected to drive growth of the global
  centrifugal pump market during the forecast
  period
• Rising demand from SMEs and process industries is
  expected to propel the global centrifugal pump
  market growth over the forecast period

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Figure 1. Global Centrifugal Pump Market Share
(), in terms of Value, By Region, 2019
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• Market Dynamics Restraints
• Low-cost products offered by China-based pump
  manufacturers is expected to restrain growth of
  the global centrifugal pump market during the
  forecast period
• Low rate of replacement and energy-efficiency is
  expected to hinder the global centrifugal pump
  market growth over the forecast period

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• Market Opportunities
• Optimizing centrifugal pumping system and
  production speed can present lucrative growth
  opportunities
• Rising focus on pump life cycle cost can provide
  major business opportunities

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Figure 2. Global Centrifugal Pump Market Value
(US MN), 2017 2027
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• Market Trends
• Constant consolidation by market players is a
  major trend
• Rising adoption of micro-disc pumping and
  variable frequency drive technology

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• Global Centrifugal Pump Market - Impact of
  Coronavirus (Covid-19) Pandemic
• Due to Covid-19 pandemic, many industries
  witnessed significant shift in their business.
  There is significant impact on centrifugal pump
  market, as these centrifugal pumps are used in
  oil gas industries.
• Competitive Section
• Major companies operating in the global
  centrifugal pump market are ITT Corporation,
  Ruhrpumpen Group, KSB AG, Xylem Inc., Flowserve
  Corporation, Wilo SE, Sulzer AG, Weir Group plc,
  Ebara Corporation, and Grundfos AG

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