Brooklyn, New York, USA, 2021-May-21 — /Meridian Market Consultants/ — 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%.
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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.
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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
By End User
Commercial and Residential
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.
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