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The global Centrifugal Pump market size was valued at USD 39,700 million in 2022 and is projected to reach USD 52,500 million by 2033, growing at a CAGR of 5.1% during the forecast period.
The report presents an in-depth assessment of the ‘Global Centrifugal Pump Market’. This includes enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, competitive analysis, operator case studies, opportunities, future trends, value chains, ecosystem player profiles, and strategies included. The report also presents a SWOT analysis and forecast for Global Centrifugal Pump investments from 2024 to 2033.
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Driver: Rising demand from agriculture sector
Farmers in emerging nations typically use conventional irrigation systems, and agriculture plays a significant role in their economy. The agricultural industry heavily favors centrifugal pumps. Notably, solar-powered centrifugal pumps were first adopted by the agriculture sector. As a result, governments in many developing nations offer financial incentives to improve irrigation system effectiveness and raise agricultural output. The growing worldwide population is the main factor driving the anticipated rise in the demand for staple foodstuffs, with South Asia and Sub-Saharan Africa predicted to expand at the quickest rates. Since 2000, Sub-Saharan Africa has shown exceptional growth in agricultural productivity, outpacing that of other regions globally. Africa has the capacity to contribute to the world food supply in addition to meeting its own food needs. Agriculture still exists.
Global Centrifugal Pump market: Key Trends
• Infrastructure Development and Industrial growth: Global infrastructure development and continuous industrial growth initiatives are key factors propelling the centrifugal pump market. The need for effective fluid handling systems is growing as industries develop and as infrastructure projects are started. Centrifugal pumps are essential to the efficient running of infrastructure projects and industrial facilities because they facilitate activities including fluid transfer, circulation, and boosting. The need for centrifugal pumps is rising as a result of growing investments in industries like power production, water treatment, construction, and oil and gas.
• Treatment of Water and Wastewater
The market for centrifugal pumps is mostly driven by the requirement for effective water and wastewater treatment. There is a greater emphasis now because of growing worries about environmental rules and water scarcity.
Top Companies in the Global Centrifugal Pump Market
• Flowserve Corporation
• Sulzer Ltd.
• Grundfos Holding A/S
• KSB SE & Co. KGaA
• Xylem Inc.
• ITT Inc.
• Ebara Corporation
• Weir Group PLC
• Wilo SE
• Pentair plc
• Others.
Global Global Centrifugal Pump Market Segments
Type:
• Single-stage Centrifugal Pumps
• Multi-stage Centrifugal Pumps
• Axial Flow Centrifugal Pumps
• Radial Flow Centrifugal Pumps
• Mixed Flow Centrifugal Pumps
End-User Industry:
• Oil & Gas
• Water & Wastewater
• Power Generation
• Chemicals
• Pharmaceuticals
• Food & Beverages
• Mining
• Construction
• Others
Regional Analysis for Global Centrifugal Pump Market
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
For a comprehensive understanding of market dynamics, the global Global Centrifugal Pump market is analysed across key geographies namely North America, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market research findings for the key countries in the region for a macro-level understanding of the market.
Important sections of the TOC
Economic Impact Variables on Global Centrifugal Pump Market: Illuminates the consequences of environmental, political and economic fluctuations, and explains changes in customer and consumer requirements. We also provide a detailed report of Global Centrifugal Pump on the technology risks and advancements in the global market.
Forecasts based on macro- and micro-economy: ensuring price, revenue and volume EV charging service forecasts for the market. It also includes, in addition to forecasting growth, revenue and import volume for the region, with revenue forecasting for the Global Centrifugal Pump application, along with revenue forecasting by cost, revenue and type.
Marketing Strategy Analysis: In this section, Global Centrifugal Pump analysis aims at niche positioning and provides information regarding target audience, new strategies and pricing strategies. We provide a comprehensive Global Centrifugal Pump marketing station analysis that investigates the problem. Marketing channel development trends, direct marketing as well as indirect marketing.
Business Intelligence: The Global Centrifugal Pump companies studied in this section are also assessed by key business, gross margin, price, sales, revenue, product category, applications and specifications, Global Centrifugal Pump competitors, and manufacturing base.
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