Our latest research report entitled Centrifugal Pump Market (by product type (single-stage pump, multistage pump, axial, mixed flow pumps, submersible pumps, seal-less, circulator pump), end-user (industrial, agricultural, domestic)) provides complete and deep insights into the market dynamics and growth of Centrifugal Pump.
The latest information on market risks, industry chain structure Centrifugal Pump cost structure, and opportunities are offered in this report. The past, present, and forecast market information will lead to investment feasibility by studying the essential Centrifugal Pump growth factors.
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Key Factors Responsible for Driving the Centrifugal Pump Market Includes the Use of Centrifugal Pumps in the Wastewater Treatment Plant
Pumps are generally grouped into two broad categories-positive displacement pumps and dynamic (centrifugal) pumps. Centrifugal pumps impart momentum to the fluid by rotating impellers that are immersed in the fluid. The momentum produces an increase in pressure or flow at the pump outlet. The biggest advantage of centrifugal pumps is its aforementioned simplicity.
They don’t require any valves or many moving parts. This makes it easy to produce with many different materials. It also allows them to move at high speeds with minimal maintenance. Centrifugal pumps are used for sewage, petroleum, and chemicals. It can be also used for most household or light industrial uses.
Key factors responsible for driving the centrifugal pump market includes the use of centrifugal pumps in the wastewater treatment plant. With the increasing number of wastewater treatment plants to overcome the pervasive storage of water, the demand for the centrifugal pump would increase. In addition, rapid urbanization across the globe would also augment the market growth.
However, the Centrifugal pumps market is expected to face certain challenges owing to stagnancy in the oil and gas industries. Market players are focusing on the development of energy-efficient pumps because of increasing energy costs and growing environmental awareness among end-users.
Asia-Pacific Has the Highest Market Share
Among the Geographies, Asia-Pacific has the highest market share in 2017 and is expected to increase its dominance over the forecast period. A large number of Chinese players in the market manufacturing low priced centrifugal products are responsible for driving growth in this region.
Moreover, the growth in various end-use industries such as Manufacturing, Industrial, Chemicals, Pharmaceutical, Food Production, waste management, and agriculture in Asia- Pacific region too would augment the market growth. North America and Europe to grow at a steady growth rate throughout the forecast period.
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Report on Global Centrifugal Pump Market Covers Segments Such as Product Type and End-User
On the basis of product type, the global centrifugal pump market is categorized into a single-stage pump, multistage pump, axial & mixed flow pumps, submersible pumps, and seal-less & circulator pump. On the basis of end-user, the global centrifugal pump market is categorized into industrial, agricultural, and domestic.
The report provides profiles of the companies in the global centrifugal pump market such as Flowserve Corporation, KSB AG, Sulzer AG, Ebara Corporation, Grundfos Holding A/S, Xylem Inc, ITT Inc., The Weir Group PLC, Wilo SE, and Tsurumi Manufacturing Co., Ltd.
Browse Detailed TOC, Description, and Companies Mentioned in Report @ https://www.infiniumglobalresearch.com/industry-automation/global-centrifugal-pump-market
Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Centrifugal Pump.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market.
- The company profile includes analysis of product portfolio, revenue, SWOT analysis, and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand, and/or diversify.