According to Stratistics MRC, the Global Centrifugal Pump Market is accounted for $34.56 billion in 2020 and is expected to reach $63.50 billion by 2028 growing at a CAGR of 7.9% during the forecast period. Surged investments in the global construction industry and high demand for centrifugal pumps from the agricultural sector are the major factors propelling the market growth. However, the cavitation effect in centrifugal pumps is hampering the market growth.
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By geography, North America is going to have a huge demand due to the rise in expenditure on construction activities, coupled with rapidly developing industrial establishments. In addition, the increase in oil and gas production targets, coupled with substantial hydrocarbon reserves, is likely to aid in the expansion of this region.
Some of the key players profiled in the Centrifugal Pump Market include Baker Hughes Company, Circor International, Dover Corporation, Ebara Corporation, Flowserve Corporation, Grundfos, ITT Inc., and KSB SE & Co. KGaA, Pentair, Ruhrpumpen Group, Schlumberger Ltd, Someflu, Sulzer Ltd, Weir Group PLC, Wilo, and Xylem.
Stages Covered:
• Single Stage
• Multistage
• Flow Type
• Seal Less & Circular Pump
• Submersible Pump
• Two Stage Pump
• End Suction Pumps
• Positive Displacement Pump
Operation Types Covered:
• Air-Driven
• Electrical
• Hydraulic
Types Covered:
• Between Bearing
• Overhung Impeller
• Vertically Suspended
• Long-Coupled Centrifugal Pump
• Close-Coupled Centrifugal Pump
Impeller Types Covered:
• Enclosed
• Open
• Partially Open
Capacities Covered:
• Small Capacity
• Medium Capacity
• High Capacity
Product Types Covered:
• Petroleum Industry
• Jet Pumps
• Peripheral Pumps
End Users Covered:
• Commercial & Residential
• Industrial
• Domestic Centrifugal Pumps
• Heating Ventilation and Air Conditioning (HVAC)
• Construction
• Energy
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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