PRESS RELEASE:
https://www.coherentmarketinsights.com/press-release/centrifugal-pump-market-3209


Market Trends

In order to achieve a competitive advantage in the market, Key players operating in the market are focused on mergers and acquisitions. For instance, In December 2015, Ebara Corporation acquired Brazil-based pump manufacturer Thebe Bombas Hydraulicas SA.

With the ongoing trends such as size reduction, portability, and variable frequency drive operation, demand for small, silent, energy-efficient and high-performance centrifugal pumps is gaining traction. Micro disc pumps are already being used in pharmaceuticals and medical applications such as for blood pressure measurement.


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Key Market Dynamics

1.Growing infrastructure development worldwide is expected to drive growth of the global centrifugal pump market during the forecast period. Governments of developing countries such as China and India are focusing on urbanization, which in turn, is expected to fuel demand for centrifugal pumps, particularly in domestic, Water & wastewater treatment industries. For instance, in 2015, the Government of China targeted urban wastewater infrastructure investments of around US$ 60 Bn.

Increasing demand for energy-efficient manufacturing operations in developed countries is expected to boost expenditure on new pumping equipment, thereby driving demand for a centrifugal pump. Moreover, this demand is typically witnessed by SMEs in emerging economies such as India and China.

Low-cost products offered by China-based pump producers is expected to restrain growth of the global centrifugal pump market during the forecast period. For instance, Chinese players sell centrifugal pumps at 25% to 30% lower prices as compared to global and regional brands.

Centrifugal pumps have low replacement rate which is expected to hinder the global centrifugal market growth in the near future. For instance, most manufacturers spend around 2% of their overall revenue on R&D of new technology and pump types, mainly focusing on pumps to be more energy-efficient and have a long operating life.


Major companies operating in the global centrifugal pump market are:

ITT Corporation, Ruhrpumpen Group, KSB AG, Xylem Inc., Flowserve Corporation, Wilo SE, Sulzer AG, Weir Group plc, Ebara Corporation, and Grundfos AG.


Geographics Covered:

North America: U.S., Canada
Latin America: Brazil, Argentina, Mexico, Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
Middle East: GCC Countries, Israel, Rest of Middle East
Africa: South Africa, North Africa, Central Africa


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Segments covered:

By Product Type: Single-stage Pump, Multi-stage Pump, Axial & Mixed Flow Pump, Submersible Pump, Sealless & Circulator Pumps.

By Capacity (HP): Small, Medium, High.

By End Use:
Industrial: Chemicals, Water & Wastewater Treatment, Power, Oil & Gas, Pharmaceuticals, Food & Beverages,
Others.
Agricultural, Domestic.