Centrifugal Pump Market
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Centrifugal Pump Market Overview
The report is titled ‘Centrifugal Pump Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the centrifugal pump market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The centrifugal pump market is expected to grow at a significant rate in the near future.
The global centrifugal pump market was valued US$ 34.1 Bn at the end of 2020 and expected to reach at a value of US$ 53.1 Bn by 2028 with a significant CAGR of 5.7%.
Centrifugal Pump Introduction
Centrifugal pump can be perceived as a mechanized device intended to stir and drive a fluid by way of the transference of rotatory force from a single or more than one driven rotors, known as impellers. The fluid embarks the briskly spinning impeller past its pivot and is tossed out by centrifugal force past its periphery through the impeller’s blade tips. The movement of the impeller escalates the fluid’s pressure and velocity and also leads it around the pump output. The pump sheath is particularly designed to compress the fluid from the pump intake, lead it into the impeller and further slow it down and regulate the fluid before release.
Centrifugal Pump Market Dynamics
The centrifugal pumps majorly finds application in moving fluids like water or any other fluids, and thus it serves great utility in water and wastewater management industries, chemical, oil & gas and other industries across the world, which primarily boosts the growth of the global centrifugal pump market.
Additionally, the higher investments in wastewater treatment plants and systems is also playing a positive role in accelerating the growth of the global centrifugal pump market.
By the same token, the swiftly evolving industrial, commercial as well as residential infrastructure further stimulates the demand of centrifugal pumps for several different uses. Owing to which, the global centrifugal pump market is expected to develop substantially over the forthcoming years.
Also, in present times, the revolutionizing manufacturing sector associated with various industry vertices posing huge demand for centrifugal pumps is also majorly expected to propel the growth of the global centrifugal pump market in the years to come.
However, the sluggish growth of the oil & gas industry in the current times, owing to the decreased investments in new projects as well as termination or annulment of existing projects, is likely to hold back the growth of the global centrifugal pump market over the coming years.
Centrifugal Pump Market Segmentation
The global centrifugal pump market is segmented on the basis of pump type, stage, end-use and regions. On the basis of pump type, the centrifugal pump market is segmented into overhung impeller, vertically suspended, and between bearings. On the basis of stage, the market is categorized into Single Stage and Multistage. On the basis of end-user, the market is divided into industrial, commercial and residential.
The research report classifies the global centrifugal pump market based on pump type, stage, end-use, and regions.
By Pump Type
Overhung Impeller
Vertically Suspended
Between Bearing
By Stage
Single Stage
Multistage
By End User
Industrial
Commercial and Residential
By Region
North America
Latin America
Africa
Europe
Asia Pacific
Middle East
Centrifugal Pump Market Key Players
Key participating players in global centrifugal pump market are Grundfos, Xylem, KSB, Flowserve, Sulzer, Wilo, Weir, ITT Corporation, CIRCOR International, Baker Hughes, Gardner Denver, Pentair, Ebara Corporation, Kirloskar Brothers Limited, Tsurumi Manufacturing, Leo, HCP Pump, Proril, CNP Pumps, PSP Pumps, Zhejiang Doyin Technology, Alfa Laval, SPT Pumpen, Grindex, Xavitech, Vansan, Griswold (A PSG Dover Company), Schlumberger, Mody Pumps, and WEG.
MMC Overview on Centrifugal Pump Market Report
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give a better opportunity for the customers to put their effort.
A research report on the centrifugal pump market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that support the market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of centrifugal pump
Advantage of centrifugal pump
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to make informed decisions.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
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1. Global Centrifugal Pump Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Centrifugal Pump Market Overview
2.1. Introduction
2.1.1. Introduction
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Centrifugal Pump Market Snapshot
2.4. Global Centrifugal Pump Market Size And Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Centrifugal Pump Market Dynamics
2.5.1. Drivers
2.5.2. RestraintsË™
2.5.3. Opportunity
2.5.4. Trends
2.6. Porter’s Five Forces Model
2.7. SWOT Analysis
3. Centrifugal Pump Assessment and Analysis
3.1. Centrifugal Pump Impact Analysis
3.2. Actions to encourage use of Centrifugal Pump
3.3. Centrifugal Pump Promotional Strategy Recommendation
3.4. Road Map Analysis
3.5. GAP Analysis
3.6. Potential Analysis
4. Covid-19 Impact on Centrifugal Pump Market
4.1. Impact Analysis of Covid-19 on the global Centrifugal Pump market
4.2. Effect On Value Chain
4.3. Business Impact W.R.T Revenue
4.4. Fluctuation In Production
4.5. Volatility In Price
4.6. Effect On The Overall Trade
4.7. Market Impact Analysis In 2020 (Quarter Wise)
5. Global Centrifugal Pump Market, By Pump Type
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By Pump Type
5.1.2. BPS Analysis, By Pump Type
5.2. Market Revenue (US$Mn) and Forecast, By Pump Type
5.2.1. Overhung Impeller
5.2.2. Vertically Suspended
5.2.3. Between Bearing
5.3. Global Centrifugal Pump Market Attractiveness Index, By Pump Type
6. Global Centrifugal Pump Market, By Stage
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Stage
6.1.2. BPS Analysis, By Stage
6.2. Market Revenue (US$Mn) and Forecast, By Stage
6.2.1. Single Stage
6.2.2. Multistage
6.3. Global Centrifugal Pump Market Attractiveness Index, By Stage
7. Global Centrifugal Pump Market, By End-Use
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By End-Use
7.1.2. BPS Analysis, By End-Use
7.2. Market Revenue (US$Mn) and Forecast, By End-Use
7.2.1. Industrial
7.2.2. Commercial and Residential
7.3. Global Centrifugal Pump Market Attractiveness Index, By End-Use
8. Global Centrifugal Pump Market, By Region
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Region
8.1.2. BPS Analysis, By Region
8.2. Market Revenue (US$Mn) and Forecast, By Region
8.2.1. North America
8.2.2. Latin America
8.2.3. Europe
8.2.4. Asia Pacific
8.2.5. Middle East
8.2.6. Africa
8.3. Global Centrifugal Pump Market Attractiveness Index, By Region
9. North America Centrifugal Pump Market Analysis and Forecast, 2020–2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market Revenue (US$Mn) and Forecast, By Country
9.2.1. U.S. Centrifugal Pump Market
9.2.2. Canada Centrifugal Pump Market
9.3. North America Centrifugal Pump Market, By Pump Type
9.3.1. Overhung Impeller
9.3.2. Vertically Suspended
9.3.3. Between Bearing
9.4. North America Centrifugal Pump Market Revenue (US$Mn) and Forecast, By Stage
9.4.1. Single Stage
9.4.2. Multistage
9.5. North America Centrifugal Pump Market Revenue (US$Mn) and Forecast, By End-Use
9.5.1. Industrial
9.5.2. Commercial and residential
9.6. North America Centrifugal Pump Market Attractiveness Index
9.6.1. By Country
9.6.2. By Pump Type
9.6.3. By Stage
9.6.4. By End Use
10. Latin America Centrifugal Pump Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market (US$Mn) Forecast, By Country
10.2.1. Brazil Centrifugal Pump Market
10.2.2. Mexico Centrifugal Pump Market
10.2.3. Rest Of Latin America Centrifugal Pump Market
10.3. Latin America Centrifugal Pump Market, By Pump Type
10.3.1. Overhung Impeller
10.3.2. Vertically Suspended
10.3.3. Between Bearing
10.4. Latin America Centrifugal Pump Market Revenue (US$Mn) and Forecast, By Stage
10.4.1. Single Stage
10.4.2. Multistage
10.5. Latin America Centrifugal Pump Market Revenue (US$Mn) and Forecast, By End-Use
10.5.1. Industrial
10.5.2. Commercial and residential
10.6. Latin America Centrifugal Pump Market Attractiveness Index
10.6.1. By Country
10.6.2. By Pump Type
10.6.3. By Stage
10.6.4. By End Use
11. Europe Centrifugal Pump Market Analysis and Forecast, 2020–2028
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market (US$Mn) Forecast, By Country
11.2.1. U.K. Centrifugal Pump Market
11.2.2. Germany Centrifugal Pump Market
11.2.3. Italy Centrifugal Pump Market
11.2.4. France Centrifugal Pump Market
11.2.5. Spain Centrifugal Pump Market
11.2.6. Russia Centrifugal Pump Market
11.2.7. Rest Of Europe Centrifugal Pump Market
11.3. Europe Centrifugal Pump Market, By Pump Type
11.3.1. Overhung Impeller
11.3.2. Vertically Suspended
11.3.3. Between Bearing
11.4. Europe Centrifugal Pump Market Revenue (US$Mn) and Forecast, By Stage
11.4.1. Single Stage
11.4.2. Multistage
11.5. Europe Centrifugal Pump Market Revenue (US$Mn) and Forecast, By End-Use
11.5.1. Industrial
11.5.2. Commercial and residential
11.6. Europe Centrifugal Pump Market Attractiveness Index
11.6.1. By Country
11.6.2. By Pump Type
11.6.3. By Stage
11.6.4. By End Use
12. Asia Pacific Centrifugal Pump Market Analysis and Forecast, 2020–2028
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market (US$Mn) Forecast, By Country
12.2.1. China Centrifugal Pump Market
12.2.2. India Centrifugal Pump Market
12.2.3. Japan Centrifugal Pump Market
12.2.4. Australia and New Zealand Centrifugal Pump Market
12.2.5. South Korea Centrifugal Pump Market
12.2.6. Rest of Asia Pacific Centrifugal Pump Market
12.3. Asia Pacific Centrifugal Pump Market, By Pump Type
12.3.1. Overhung Impeller
12.3.2. Vertically Suspended
12.3.3. Between Bearing
12.4. Asia Pacific Centrifugal Pump Market Revenue (US$Mn) and Forecast, By Stage
12.4.1. Single Stage
12.4.2. Multistage
12.5. Asia Pacific Centrifugal Pump Market Revenue (US$Mn) and Forecast, By End-Use
12.5.1. Industrial
12.5.2. Commercial and residential
12.6. Asia Pacific Centrifugal Pump Market Attractiveness Index
12.6.1. By Country
12.6.2. By Pump Type
12.6.3. By Stage
12.6.4. By End Use
13. Middle East Centrifugal Pump Market Analysis and Forecast, 2020–2028
13.1. Introduction
13.1.1. Annual Growth Rate Comparison, By Country
13.1.2. BPS Analysis, By Country
13.2. Market (US$Mn) Forecast, By Country
13.2.1. GCC Countries Centrifugal Pump Market
13.2.2. Israel Centrifugal Pump Market
13.2.3. Rest Of Middle East Centrifugal Pump Market
13.3. Middle East Centrifugal Pump Market, By Pump Type
13.3.1. Overhung Impeller
13.3.2. Vertically Suspended
13.3.3. Between Bearing
13.4. Middle East Centrifugal Pump Market Revenue (US$Mn) and Forecast, By Stage
13.4.1. Single Stage
13.4.2. Multistage
13.5. Middle East Centrifugal Pump Market Revenue (US$Mn) and Forecast, By End-Use
13.5.1. Industrial
13.5.2. Commercial and residential
13.6. Middle East Centrifugal Pump Market Attractiveness Index
13.6.1. By Country
13.6.2. By Pump Type
13.6.3. By Stage
13.6.4. By End Use
14. Africa Centrifugal Pump Market Analysis and Forecast, 2020–2028
14.1. Introduction
14.1.1. Annual Growth Rate Comparison, By Country
14.1.2. BPS Analysis, By Country
14.2. Market (US$Mn) Forecast, By Country
14.2.1. South Africa Countries Centrifugal Pump Market
14.2.2. Egypt Centrifugal Pump Market
14.2.3. North Africa Centrifugal Pump Market
14.2.4. Rest of Africa Centrifugal Pump Market
14.3. Africa Centrifugal Pump Market, By Pump Type
14.3.1. Overhung Impeller
14.3.2. Vertically Suspended
14.3.3. Between Bearing
14.4. Africa Centrifugal Pump Market Revenue (US$Mn) and Forecast, By Stage
14.4.1. Single Stage
14.4.2. Multistage
14.5. Africa Centrifugal Pump Market Revenue (US$Mn) and Forecast, By End-Use
14.5.1. Industrial
14.5.2. Commercial and residential
14.6. Africa Centrifugal Pump Market Attractiveness Index
14.6.1. By Country
14.6.2. By Pump Type
14.6.3. By Stage
14.6.4. By End Use
15. Competitive Landscape
15.1. Company Profiles
15.1.1. Grundfos
15.1.1.1. Company Overview
15.1.1.2. Financial Overview
15.1.1.3. Key Developments
15.1.1.4. Strategies
15.1.1.5. Product Analysis
15.1.2. Xylem
15.1.3. KSB
15.1.4. Flowserve
15.1.5. Sulzer
15.1.6. Wilo
15.1.7. Weir
15.1.8. ITT Corporation
15.1.9. CIRCOR International
15.1.10. Baker Hughes
15.1.11. Gardner Denver
15.1.12. Pentair
15.1.13. Ebara Corporation
15.1.14. Kirloskar Brothers Limited
15.1.15. Tsurumi Manufacturing
15.1.16. Leo
15.1.17. HCP Pump
15.1.18. Proril
15.1.19. CNP Pumps
15.1.20. PSP Pumps
15.1.21. Zhejiang Doyin Technology
15.1.22. Alfa Laval
15.1.23. SPT Pumpen
15.1.24. Grindex
15.1.25. Xavitech
15.1.26. Vansan
15.1.27. Griswold (A PSG Dover Company)
15.1.28. Schlumberger
15.1.29. Mody Pumps
15.1.30. WEG.
16. Acronyms
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Frequently Asked Questions
The global centrifugal pump market was valued US$ 34.1 Bn at the end of 2020 and expected to reach at a value of US$ 53.1 Bn by 2028 with a significant CAGR of 5.7%.
The centrifugal pumps majorly finds application in moving fluids like water or any other fluids, and thus it serves great utility in water and wastewater management industries, chemical, oil & gas and other industries across the world, which primarily boosts the growth of the global centrifugal pump market Additionally, the higher investments in wastewater treatment plants and systems is also playing a positive role in accelerating the growth of the global centrifugal pump market.
The research report classifies the global centrifugal pump market based on pump type, stage, end-use, and regions.
Grundfos, Xylem, KSB, Flowserve, Sulzer, Wilo, Weir, ITT Corporation, CIRCOR International, Baker Hughes, Gardner Denver, Pentair, Ebara Corporation, Kirloskar Brothers Limited, Tsurumi Manufacturing, Leo, HCP Pump, Proril, CNP Pumps, PSP Pumps, Zhejiang Doyin Technology, Alfa Laval, SPT Pumpen, Grindex, Xavitech, Vansan, Griswold (A PSG Dover Company), Schlumberger, Mody Pumps, and WEG are the key participating players in the market
