Global Centrifugal Pump Market Overview:
A Centrifugal Pumps is Used to Induce Flow or Raise a Liquid from a Low Level to a High Level. A Centrifugal Pump Converts Rotational Energy, To Energy in a Moving Fluid. The Energy Conversion Takes Place Mainly Due to Two Main Parts, the Impeller & the Casing. The Rotating Part of the Pump is the Impeller & the Airtight Passage Which Surrounds the Impeller Is the Casing Part. It is Useful in a Wide Range of Applications in Cosmetic, Agriculture, Wine-Making, Dairy, Mining, Food Processing & in Other Industries
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Rise in the Utilization of Centrifugal Pumps in Pharmaceutical & Food & Beverage Industry
Market Growth Drivers:
Growth in of Oil And Gas Industry, Utilizing Centrifugal Pump to Move Oil & Petroleum Products, Liquefied Gases, & Other Fluids During Extraction Operations and Increase in the Waste Generated From Different Industries, Utilizing Centrifugal Pumps, For Wastewater Treatment Operations
Challenges:
Market Presence of Other Kind of Pumps May Pose a Challenge
Restraints:
The Slowdown in the Oil & Gas Exploration Operations
Opportunities:
There are Growing Prospects for the Market Expansion, Due To Rising Usage of Centrifugal Pump in the Agricultural Sector and There is an Increased Opportunity, Owing to the Surging Applications of Centrifugal Pumps in Power Generation & Chemical Industry
Competitive Landscape:
The Market for the Centrifugal Pump is Fragmented With the Presence of Many Players. Leading Players Can Adopt Strategies Like a Merger, Acquisition, Expansion, New Product Launch, In Order to Gain Share Within the Market. Owing to Booming Industrialization & Urbanization, There are Growing Prospects for the New Players to Enter the Market
Some of the key players profiled in the report are The Flowserve Corporation (United States), KSB SE & Co. KGaA (Germany), Grundfos (Denmark), Sulzer Ltd. (Switzerland), Wilo SE (Germany), The Gorman-Rupp Company (United States), Cornell Pump Company (United States), Franklin Electric Co. (United States), Ebara Corporation (Japan) and The Weir Group plc (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like Pentair plc (United States), Atlas Copco (Sweden), FNS Pumps (South Africa), Colfax Corporation (United States), V-Guard Industries (India) and CNP Pumps India Pvt Ltd (India). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Centrifugal Pump market by 2028. Considering Market by Impeller Design, the sub-segment i.e. Single Suction will boost the Centrifugal Pump market. Considering Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Centrifugal Pump market. Considering Market by Stage, the sub-segment i.e. Single Stage will boost the Centrifugal Pump market. Considering Market by Shaft Orientation, the sub-segment i.e. Horizontal will boost the Centrifugal Pump market.
What Can be Explored with the Centrifugal Pump Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Centrifugal Pump Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Centrifugal Pump
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Centrifugal Pump market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Centrifugal Pump market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Centrifugal Pump, Distributors, Traders, & Suppliers, Investors, Regulatory & Government Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.