Centrifugal Pump Market to be Dominated by the Growing Use of Single-Stage Centrifugal Pumps Across the Globe Through 2028
Increasing demand for water and wastewater management are factors
driving the implementation of the Centrifugal Pump market across the globe.
According to
TechSci Research report, “Centrifugal Pump Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028”, The global Centrifugal Pump
market is growing owing to rising growth due to the
increasing demand for water and wastewater management and the expansion of the
wastewater treatment infrastructure. Manufacturers are integrating new
technologies, including internet of things, into the centrifugal pumps with an
aim to offer more enhanced and highly optimized products to cater the customer
needs and market requirements. Manufacturers have high expectations for
sustainability and innovation. A brand-new line of pumps is being introduced at
competitive pricing. These pumping systems are integrating smart water
technology. Moreover, the growing construction activities in the oil & gas,
chemical, water & waste management, agriculture activities along with the growing
collaboration within enterprises for simplifying the complex systems and
spreading presence of products in every region are further fueling the growth
in global Centrifugal Pump market.
A centrifugal
pump is a hydraulic device that transforms mechanical energy into hydraulic
energy by using the fluid's centrifugal force. Centrifugal pumps move fluids by
converting the kinetic energy of rotation into the hydrodynamic energy of the
fluid flow. Each centrifugal pump consists of mechanical components that allow
the pump to run. Companies are progressively using centrifugal pumps as they
are low maintenance, capable of smooth flow, have proven reliability, are energy
efficient and equipped with corrosion resistance ability. In general, due to
its large capacity and low-pressure capabilities, centrifugal pumps are
frequently used to pump liquids with viscosities between 0.1 and 200. Furthermore,
centrifugal pumps can also assist in high-pressure jetting for cleaning pipes involving low viscosity fluids
and other surfaces. Technology advancements like 3D printed impellers have
transformed the market for centrifugal pumps. The introduction of 3D printed
impellers has significantly reduced the cost of manufacturing centrifugal pumps
for the manufacturers. The expansion of residential and industrial sectors
the demand for centrifugal pumps applications is also expected to witness
significant growth in the future.
Browse over XX market data
Figures spread through XX Pages and an in-depth TOC on the "Global Centrifugal Pump Market."
Based on type, the market is segmented
into overhung impeller, vertically suspended, between bearing. Based on impeller
type, the market is segmented into open, partially open, enclosed. Based on operation
type, the market is segmented into electric, hydraulic, air driven. Based on stage,
the market is segmented into single-stage, multi-stage. Based on end-user, the
market is segmented into commercial, residential, and industrial. The industrial
segment market is further split into water and wastewater, chemicals, oil &
gas, power, and others. Regionally, the market is divided among North America,
Europe, Asia-Pacific, South America, and Middle East & Africa.
The single-stage segment
dominated the centrifugal pump market in 2022 and is expected to maintain its
dominance during the forecast period, owing to the widespread usage of these
single-stage centrifugal pump in industrial pumping, sewage pumping and slurry
pumping. As these are the most common types of centrifugal pumps, their use is
applied on various applications. Moreover, the low maintenance cost and high
reliability capability are further enabling industries to adapt the
single-stage centrifugal pumps. Furthermore, the single-stage centrifugal pumps
are mainly considered for transferring the low-viscosity fluid activity that
requires high flow rate. These pumps are often considered as a component of a
larger pump network that also includes horizontal multistage pump units for
transporting crude oil secondary oil and gas recovery. Hence, it is anticipated
that these advantages provided by centrifugal pump to various industries fulfilment
would obtain a sizable profit share throughout the projection period,
accelerating the segmental growth.
The industrial segment is
expected to register lucrative growth during the forecast period. The centrifugal
pumps are engineered with low-maintenance, highly efficient and flexible
capabilities, therefore the demand in the industrial sector is growing rapidly.
The industrial segment includes industries such as water and wastewater,
chemicals, oil & gas, power, and others. These pumps are being operated
easily in various applications such as chemical, oil refineries, food &
beverage manufacturing, sewage/slurry disposal, and removal in mines, etc. Due
to their numerous benefits, which are anticipated to propel market revenue
development, companies with significant inbound and outbound flows of products
are investing in cutting-edge pump products as varied industries are
integrating these centrifugal pumps in various applications. Furthermore, water
& wastewater category in industrial centrifugal pump is expected to acquire
high traction in the centrifugal pump market, as high-speed centrifugal pumps
are used to push wastewater through the pump and into the facility's pipelines
or other places for disposal.
Key market players in the global
centrifugal pump market include:
- KSB SE & Co. KGaA
- Flowserve Corporation
- Schlumberger Limited
- Baker Hughes Company
- Ebara Corporation
- ITT Inc.
- Weir Group PLC
- Circor International, Inc.
- Sulzer Ltd.
- Xylem Inc
Download Free Sample Report
Customers can also request
10% free customization on this report.
“The Asia Pacific region
shows substantial growth prospects for centrifugal pump which can be attributed
to the significant benefits it offers to enterprises, including improved
customer satisfaction, increased material flow, reduced operating costs, and
enhanced operating efficiency. The Centrifugal Pump is gaining traction and is
expanding to various countries in Asia Pacific, including India, China, and Japan.
Owing to the rapidly growing energy demand coupled with the increase in
manufacturing and processing industries, China leads the market and is expected
to continue its dominance in global centrifugal pump market during the forecast
period as well,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Centrifugal Pump Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028, Segmented By Type (Overhung Impeller,
Vertically Suspended, Between Bearing), By Impeller Type (Open, Partially Open,
Enclosed), By Stage (Single-Stage, Multi-Stage), By End User (Commercial,
Residential, Industrial (Water and Wastewater, Chemicals, Oil & Gas, Power,
Others)), By Region,
Competition Forecast & Opportunities, 2028”, has
evaluated the future growth potential of centrifugal pump and provides statistics and information on market structure,
size, share, and future growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global centrifugal pump
market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com