#centrifugal pump market

[researchinenergyandpower]

Centrifugal Pump Market size is expected to reach USD 51.5 billion by 2028, at a CAGR of 5.4% during the forecasted period, as per the recent study by MarketsandMarkets™. Centrifugal pumps play a vital role across various stages of the oil & gas industry, spanning from exploration and processing to transportation to end consumers, covering the entire value chain of the industry. These pumps are predominantly employed for fluid transfer purposes in this sector. As the post-pandemic economy recovers and experiences growth, coupled with supply limitations arising from challenging geopolitical circumstances, there is a projected upsurge in oil & gas exploration and production. This, in turn, is expected to drive an increase in the demand for

[david843346]

Centrifugal Pump Market Analysis By Growth 2035

Research Nester’s recent market research analysis on “Centrifugal Pump Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global centrifugal pump market in terms of market segmentation by type, operation, stage, application, end users, and by region.

Growing Demand for More Electricity to Promote Global Market Share of Centrifugal Pump

The global centrifugal pump market is estimated to grow majorly on account of the rising generation of electricity and the setup of new power plants. Centrifugal pumps circulate water through feedwater heaters, where the water is preheated before entering the boiler. This improves the overall thermal efficiency of the power plant. Permission for coal power plants and new project announcements increased considerably in China in 2022, with fresh permits reaching a record high since 2015. China's coal power capacity began building six times greater than the rest of the world's combined.

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Furthermore, the rising initiatives for treating wastewater and the higher need for water desalination are also expected to boost the market growth of centrifugal pumps. Centrifugal pumps are employed to draw seawater from the ocean into the desalination plant. These pumps are designed to handle the corrosive nature of seawater and to withstand the challenging marine environment. Clean, fresh drinking water is essential for human survival. Nearly 1 billion people globally do not have access to it. Desalination is becoming a preferred solution to this problem.

Some of the major growth factors and challenges that are associated with the growth of the global centrifugal pump market are:

Growth Drivers:

Surging Water Desalination Process

Integration of New Technology in Centrifugal Pump

Challenges:

There are various additional expenditures in centrifugal pumps that is one of the major factor that anticipated to hamper the global market size of centrifugal pumps. Centrifugal pumps must be serviced on a regular basis to ensure peak performance and avoid breakdowns. Moreover, maintenance downtime can disrupt industrial processes and result in productivity losses. On the other hand, the lack of professional workers is also expected to stifle market growth. The centrifugal pump industry requires skilled professionals for design, installation, and maintenance. A shortage of skilled workers in the field can limit the growth potential of the market

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On the basis of stage, the global centrifugal pump market is segmented into single-stage and multistage. Out of the two, the single-stage segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR of 6% over the forecast period. Furthermore, based on various applications of centrifugal pumps including industrial, commercial, agriculture, and residential. The industrial segment is anticipated to dominate the market growth over the projected time frame.

By region, Europe's centrifugal pump market will be responsible for the notable revenue by the end of 2035. Centrifugal pump manufacturers are focusing on developing more energy-efficient pumps to comply with stringent energy efficiency regulations in Europe. As companies seek to reduce energy consumption and lower their environmental impact, there is a growing preference for modern, efficient centrifugal pumps. Furthermore, growing demand for centrifugal pumps in the chemical and food & beverage industry is also expected to drive market growth in the region.

This report also provides the existing competitive scenario of some of the key players of the global centrifugal pump market which includes company profiling of Flowserve Corporation, Schlumberger Ltd, Baker Hughes Company, KSB SE & Co. KGaA, Weir Group PLC, CPC Pumps International, Inc., Ebara Corporation, Xylem, Grundfos Holdings A/S, and ITT Inc.

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[insightslicelive]

Centrifugal Pump Market Growth Outlook, Regional Insights, Size Estimation to 2032 | Medtronic, Terumo Corporation, Getinge AB

Centrifugal Pump Market Growth Outlook, Regional Insights, Size Estimation to 2032 | Medtronic, Terumo Corporation, Getinge AB

Global research report named Centrifugal Pump market was recently published by insightSLICE to provide guidance for the business. The new research study on Centrifugal Pump market highlights on the current performance as well as on the upcoming opportunities. To understand the structure of global market, the report also gives statistical data on local and global consumption. The report includes…

[vantagemarketresearch]

Centrifugal Pump Market Size, Share, Demand & Trends Analysis

Market Synopsis:

The Global Centrifugal Pump Market was valued at USD 36.1 Billion in 2021 and is projected to garner a value of USD 49.7 Billion by 2028, and the market is estimated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 5.5% during the forecast period.

A centrifugal pump is a mechanical device used to increase the pressure of a fluid. It transfers rotational kinetic energy into hydrodynamic energy to propel fluids such as chemicals, sewage, sludge process fluids, water, oil, resins, and bleach. The liquid further enters the pump impeller, which is located near the axis of rotation, is accelerated, carried radially into the diffuser, and then leaves. One of the major factors driving the expansion of the market is the rapid industrialization of the country. Additionally, increasing demand for products in the wastewater treatment industry is fueling market growth.

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Who are the Key Players in Centrifugal Pump Market?

The major players in the Global Centrifugal Pump Market include- Grundfos (Denmark), Xylem (US), KSB (Germany), Flowserve (US), Sulzer (Switzerland), Wilo (Germany), Weir (UK), ITT Corporation (US), CIRCOR International (US), Baker Hughes - A GE Company (US), Gardner Denver (US), Pentair (US), Ebara Corporation (Japan), Kirloskar Brothers Limited (India), Tsurumi Manufacturing (Japan), Leo (China), HCP Pump (Taiwan) and others.

Regional Insight by Vantage Market Research:

The Asia Pacific region is projected to grow at the highest compound annual growth rate (CAGR) during the forecast period. Due to reduced labor and raw material costs, the region is attracting investors to set up manufacturing facilities. In addition, low production costs and support from local governments contribute to the expansion of industrial activity.

Regions & Countries Covered:

North America - (U.S., Canada, Mexico)

Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)

Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)

Latin America - (Brazil, Argentina, Rest Of Latin America)

The Middle East & Africa - (GCC Countries, South Africa, Rest Of the Middle East & Africa)

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Report Coverage

Market Growth Drivers, Restraints, Opportunities, Porter's Five Forces Analysis, PEST Analysis, Value Chain Analysis, Regulatory Landscape, Technology Landscape, Patent Analysis, Segment and North America, Company Market Share Analysis, and Covid-19 Impact Analysis.

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[poojascmi]

Centrifugal Pumps Transfer Rotational Energy from Driven Rotors, Known as Impellers, to Move Fluid

A centrifugal pump is a mechanical device that moves a fluid by transferring rotational energy from one or more driven rotors known as impellers. Fluid enters the quickly spinning impeller along its axis and is expended by centrifugal force throughout its circle via the vane tips. The impeller's movement increases the velocity and pressure of the fluid while simultaneously directing it towards the pump exit. The pump casing has been particularly built to compress fluid from the pump input, guide it into the impeller, and then slow and regulate the fluid before release.

Pumps are classified into two types: centrifugal pumps and positive displacement pumps. In comparison, Centrifugal Pump is often designed for larger flows and pumping lower viscosity liquids down to 0.1 cP. In certain chemical facilities, centrifugal pumps will account for 90% of the pumps in operation. Positive displacement pumps, on the other hand, are chosen for a variety of applications.

Read more- https://cmiblogdailydose.blogspot.com/2022/07/centrifugal-pump-is-widely-used-in.html

[balrajgis]

Centrifugal Pump Market to record robust growth rate in coming 10 years | Mody Pumps, WEG, VanSan, HCP Pump

Global Centrifugal Pump Market report from Global Insight Services is the single authoritative source of intelligence on Centrifugal Pump Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

A centrifugal pump is a type of pump that uses centrifugal force to create a vacuum that draws water or other fluids into the pump. The force created by the spinning of the impeller in the pump creates a vacuum that sucks water or other fluids into the pump. The fluid is then forced out of the pump by the centrifugal force and pressure created by the spinning of the impeller.

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Key Trends

There are several key trends in centrifugal pump technology. One is the move towards more energy-efficient pumps. This is being driven by both government regulations and the need to reduce operating costs. Another trend is the development of more specialized pumps for specific applications. This is driven by the need for pumps that can handle increasingly difficult fluids and by the desire to improve performance in specific industries. Finally, there is a trend towards using more advanced materials in pump construction. This is driven by the need for more durable and corrosion-resistant pumps.

Key Drivers

There are several key drivers of the centrifugal pump market which include industrialization, population growth, and urbanization. These drivers are expected to lead to an increase in demand for centrifugal pumps in various industries such as water and wastewater, oil and gas, chemical, food and beverage, and others. Additionally, the replacement of existing pumps with more efficient centrifugal pumps is another key driver of the market.

Key Market Segments

By Product Type

Axial & Mixed Flow Pump

Submersible Pump

By Stage

Multi Stage

Single Stage

By Application

Agriculture

Commercial & Residential

By Region

North America

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Key Market Players

Mody Pumps

WEG

VanSan

HCP Pump

Leo

Proril

CNP Pumps

Xylem

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10-year forecast to help you make strategic decisions

In-depth segmentation which can be customized as per your requirements

Free consultation with lead analyst of the report

Excel data pack included with all report purchases

Robust and transparent research methodology

Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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[energyandpowerresearchreport]

Centrifugal Pump Market to Observe Huge Growth by 2026

Centrifugal Pump Market to Observe Huge Growth by 2026

New Revenue Pockets: The global centrifugal pump market size is projected to reach USD 48.8 billion by 2026 from an estimated value of USD 36.6 billion in 2021, at a CAGR of 5.9%. The key drivers for the centrifugal pump market include intensified demand for water and wastewater management in developed countries; surged investments in global construction industry; high demand for centrifugal…

[kajalfw12]

The Centrifugal Blood Pump Market in 2023 is US$ 0.12 billion, and is expected to reach US$ 0.17 billion by 2031 at a CAGR of 4.2%.

FutureWise Research published a report that analyzes Centrifugal Blood Pump Market trends to predict the market's growth. The report begins with a description of the business environment and explains the commercial summary of the chain structure. Based on the market trends and driving factors presented in the report, clients will be able to plan the roadmap for their products and services taking into account various socio-economic factors.

[researchinenergyandpower]

According to a new market research report, the global centrifugal pump market is estimated to grow from USD 39.7 billion in 2023 to USD 51.5 billion by 2028, at a CAGR of 5.4% during the forecast period. The requirement for desalination and water treatment has also contributed to the growth opportunities for centrifugal pump manufacturers. Desalination plants rely on centrifugal pumps for seawater intake, brine circulation, and product water transfer. As water scarcity becomes a pressing issue in many regions, the demand for desalination and water treatment solutions is rising, thereby driving the demand for centrifugal pumps in industrial sector.

[david843346]

Self-Priming Centrifugal Pump Market Size, Share, Latest Trends, and Growth Research Report 2024-2036

A comprehensive analysis of the “Self-Priming Centrifugal Pump Market Size, Share, Latest Trends, and Growth Research Report 2024-2036” provides an accurate overview and thorough analysis of the market industries in the present and the future. This report provides a comprehensive overview of the market, including current market trends, future projections, and an in-depth analysis of the major players in the industry. It provides a comprehensive overview of the market, including current market trends, future projections, and an in-depth analysis of the major players in the industry.

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Report findings provide valuable insights into how businesses can capitalize on the opportunities provided by these dynamic market factors. It also provides a comprehensive overview of the major players in the industry, including their product offerings, contact and income information, and value chain optimization strategies. Furthermore, it offers an in-depth analysis of the leading businesses in the industry based solely on the strength of their business plans, product descriptions, and business strategies.

Key Findings

Self-Priming Centrifugal Pump Market has experienced significant growth in recent years, driven by factors such as increasing consumer demand and technological advancements.

The market segmentation analysis revealed several key segments, including Product Type, Head-size, Horsepower and Application each with unique characteristics and growth potential.

Regional analysis highlighted the strong performance of Self-Priming Centrifugal Pump Market in regions such as North America, Europe, and Asia-Pacific, with emerging markets showing promising growth opportunities.

Analyzing the Self-Priming Centrifugal Pump Market

A thorough understanding of the Self-Priming Centrifugal Pump Market will provide businesses with opportunities for growth such as customer acquisition, enhancements to their services, and strategic expansions.

By incorporating market intelligence into their operations, businesses can anticipate changes in the economy, assess the effect these factors may have on their operations, and create plans to counteract any negative effects.

Market intelligence helps organizations stay ahead of the curve through insights into consumer behavior, technological advancements, and competitive dynamics.

Using Self-Priming Centrifugal Pump Market data can provide organizations with an edge in the competitive market and establish prices and customer satisfaction levels.

In a dynamic market environment, business validation helps companies develop business plans and assures their long-term survival and success.

What are the most popular areas for Self-Priming Centrifugal Pump Market?

The North American continent includes Canada, Mexico, and the United States.

The European Union is made up of the United Kingdom, France, Italy, Germany, the Republic of Turkey, and Russia.

The Asia-Pacific region is comprised of China, Japan, Korea, India, Australia, Vietnam, Thailand, Indonesia, and Malaysia.

The region of Latin America, which includes Brazil, Argentina, and Columbia

In addition to Africa, the Middle East includes South Africa, Egypt, Nigeria, Saudi Arabia and the United Arab Emirates.

Report highlights include:

There is a 360-degree synopsis of the industry in question in this study, which encompasses all aspects of the industry.

The report presents numerous pricing trends for the keyword.

Additionally, the report includes some financial data about the companies included in the competitive landscape.

The study enumerates the key regulatory norms governing the keyword market in developed and developing economies.

Additionally, the keyword report provides definitions of the market terms referred to in the document for the sake of convenience.

Future Potential

In the keyword research report, various primary and secondary sources are used to describe the methodology of conceptualizing the study. It has been discussed in the study what the scope of the report is and what elements it contains in terms of the growth spectrum of the keyword. The document also includes financial data of the companies profiled, along with the current price trends of the keyword.

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[futuretonext]

The Middle East & North Africa (MENA) Centrifugal Water Pumps Market is projected to grow at a CAGR of around 6.2% during the forecast period, i.e., 2023-28. Most of the market expansion is accredited to the rapid surge in the number of infrastructure development projects across Middle East countries such as Saudi Arabia, UAE, Qatar, and others, necessitating the need for advanced and efficient centrifugal water pumps in order to pump domestic water supplies in buildings. Besides, they are also equipped in fire protection sprinkler systems driven by gasoline, steam, or electricity. On top of it, the pumping design of a centrifugal pump makes it more suitable for sewage and slurries, thereby encouraging the speedy adoption of such pumps in waste management.

[pressreleasestrendsz]

Centrifugal Pump Market - Forecast (2022 - 2027)

The market for

Centrifugal pump

is forecast to reach $39.73 billion by 2025, growing at a CAGR of 3.57% from 2020 to 2025. The increasing off-field exploration activities in North American and APAC regions is set to boost the demand for the centrifugal pumps. The significant usage of suction pump, impeller pump and others in the extraction, processing and many other application in the oil and gas sector is set to boost the market growth rate during the forecast period 2020-2025. In addition the deployment of the centrifugal pumps in vacuum cleaners and the increasing demand for these products, especially robot vacuum cleaners is set to the demand for centrifugal pumps in the manufacturing sector.

Key Takeaways

APAC region holds the highest market share in 2019 and is estimated to grow at highest rate during the forecast period owing to the high consumption of crude oil as the centrifugal pumps are majorly deployed in this sector.

Oil and gas is analyzed to be the major end user industry holding a significant share during 2019. The high applications of centrifugal pumps in downstream and midstream sectors will drive the market.

The growing demand for the centrifugal pumps in waste water treatment in many major countries such as China, US and so on are set to drive the market during the forecast period.

By type - Segment Analysis

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Single stage pumps are analysed to hold highest market share in 2019 at 69.2% and are analysed to grow at highest rate during the forecast period. This is mainly attributed to the various applications in numerous industries including agriculture, industrial, power generation plants, petroleum, mining, chemical, pharmaceutical, and many others. Multi stage pumps are highly employed in the oil plants for the extraction as they require high pressure. As an impact of the global lockdowns due to COVID-19 the crude oil cost has decreased to a historical low level thereby impacting on the growth of the market.

By End user- Segment Analysis

Oil and gas is the dominant industry in 2019 owing to the wide spread applications of the centrifugal pumps in extraction and processing applications. However, the significant rise in the environmental issues requiring the mandatory addressing is curbing the production of crude oil and is set to impact the centrifugal pump market during the forecast period. Power generation is also analysed a significant share in the centrifugal pumps market owing to their deployment in natural-gas based production plants. This shift from conventional fuels is majorly due to the environmental impact. In addition, the significant usage of the centrifugal pumps in the washing machine dryers, vacuum cleaners and so on is set to boost the market growth rate driven by increased adoption in APAC region.

Geography - Segment Analysis

APAC is analysed to be the dominant region in the centrifugal pump market owing to their deployment in the oil and gas industry. As stated by OPEC, Asia- Pacific region has 13% of the global crude oil reserves and 38% of its gas accounting to its current production of around 37% and 58% of global oil and gas respectively. In August 2018, Indian Oil Corp. announced plans to double its refining capacity in India by 2030 from production of 80.7million metric tonnes in 2018 to 150 MMTPA by the year 2030. Adding to this, the growing projects for the wastewater treatment plants and the rising investment in the water wastewater treatment sector in the region is set to escalate the market growth rate during the forecast period.

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Drivers – Centrifugal pump market

Increasing demand for Waste water treatment

As stated by the World Economic Forum, water is one of the five global risks in 2018. As stated by United Nations Economic and Social Commission for Asia and the Pacific, about 90% of wastewater in Asia is discharged without proper treatment thereby impacting on health, ecosystems and water security. Therefore the dire need of treating the waste water has attracted many projects across the globe requiring the centrifugal pumps thereby contributing to the growth of the market.

Growing demand for alternate power generation

Owing to the growing environmental concerns many countries have posed stringent regulations to minimize the extraction of crude oil thereby reducing the crude oil extracts. The shift towards the alternative fuels such as natural gas for power generation and the deployment of the centrifugal pumps in the processing applications is also a major factor supporting the growth of the centrifugal pump market during the forecast period 2020-2025.

Challenges – Centrifugal pump market

Decreasing growth of the crude oil industry

The centrifugal pumps are majorly deployed in the crude oil extraction and processing applications. The breakdown of COVID-19 at a global level has majorly impacted an already declining crude oil industry. The prices of crude oil has severely declined in many regions due to the lockdown imposed by many countries. Adding to this, the rising environmental concerns with the crude oil derivatives and strict government regulations to curb them is set to further hinder the growth of the market during the forecast period.

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Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Centrifugal pump market. Centrifugal pump driver market is expected to be dominated by major companies such as Flowserve Corp., Schlumberger Ltd., General Electric (Baker Hughes), KSB SE & Co. KGaA and Weir Group PLC among others.

Acquisitions/Technology Launches/Partnerships

In 2017, GE has acquired Baker Hughes Co. for $7.4bn thereby expanding the product portfolio in the oil and gas sector including the centrifugal pumps as well.