Centrifugal Pump Market - Global Industry Analysis, Market Size, Share, Trends Analysis, Growth and Forecast 2017 - 2025

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Centrifugal Pump Market - Global Industry Analysis, Market Size, Share, Trends Analysis, Growth and Forecast 2017 - 2025

Status : March, 2020 | Energy & Mining | PPT format

Report Digest


Global Centrifugal Pump Market: Overview

The global centrifugal pump market is likely to gain from increasing investment in infrastructural development on account of rapid urbanization. This is to cater to the increasing number of wastewater treatment plant to serve water needs due to pervasive shortage of water.

Global Centrifugal Pump Market: Trends and Opportunities

Primarily fuelling the centrifugal pump market is high demand for wastewater treatment plants to serve the water needs of the growing global population. Industrialization and urbanization especially in developing economies have contaminated water resources and have been reasons for water from these resources to be unfit for municipal use. This has necessitated industrial and municipal water to be treated to fill the demand – supply gap of water to some extent. Centrifugal pumps are an essential component of water treatment plants to treat industrial and municipal water and make it suitable for reuse.

However, factors such as volatile oil and gas prices that may impact the uptake and operability of centrifugal pump is a roadblock to the market’s growth. Moreover, availability of low-priced Chinese products that compete with branded products is posing a challenge to the growth of global centrifugal pump market. To address this, top players are focused on developing energy efficient pumps that serve to reduce energy costs and help to protect the environment as well.

Global Centrifugal Pump Market: Market Potential

Centrifugal pumps are witnessing a leap with integration of Industrial Internet of Things (IIoT), and digitization. This is likely to pave way for the development of smart pumps.

Global Centrifugal Pump Market: Geographical Analysis

The report classifies the global centrifugal pump market into North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Of them, Asia Pacific is predicted to dominate the centrifugal pump market due to increased investments in wastewater treatment plants. Lack of proper infrastructure and sewage disposal in emerging economies such as India have been reasons for industrial and municipal water to get discharged into water resources and thus create a situation of perpetual water shortage. This has necessitated industrial and municipal water to be treated to make it suitable for reuse.

Rapid industrialization and urbanization in emerging economies such as India have necessitated industrial and municipal water to be treated to be available for several operations.

North America centrifugal pump market is expected to rise at a steady pace due to increasing hydrogen fracturing activity in the region.

Global Centrifugal Pump Market: Competitive Analysis

The global centrifugal pump market is likely to witness the prominence of some key players, namely Flowserve Corporation, Sulzer AG, Grundfos Holding A/S, ITT Inc., Wilo SE, Kirloskar Brothers Ltd., WPIL Limited, Shakti Pumps (India) Ltd., Ruhrpumpen Group, CP Pumpen AG, Speck Pumpen Walter Speck GmbH & Co. KG, KSB AG, Ebara Corporation, Xylem Inc., The Weir Group plc, Tsurumi Manufacturing Co. Ltd., DESMI A/S, HERMETIC-Pumpen GmbH, Klaus Union GmbH & Co. KG, HOMA Pumpenfabrik GmbH, and Toyo Denki Industrial Co. Ltd.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.

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