Industrial Machinery Industry Centrifugal Pump Market To Reach USD 9.44 Billion | Emerging trends, business risks and key leaders

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Read the 120-page report with TOC on ‘Centrifugal Pumps Market Analysis Report by Product (Axial, Mixed & Radial), End User (Water & Wastewater, Oil & Gas, Chemicals, Power Generation & others) and geography (APAC, Europe, North America, South America, and MEA) and Segment Forecast, 2021-2025 “. Obtain competitive insights from market leaders. Track key industry opportunities, trends and threats. Marketing, brand, strategy and market insights market development, sales and procurement functions. https://www.technavio.com/report/report/centrifugal-pumps-market-industry-analysis

The centrifugal pump market is driven by product developments and an increase in the use of centrifugal pumps among SMEs. In addition, the demand for centrifugal pumps from water and wastewater treatment plants is expected to drive the growth of the Centrifugal Pumps market.

The centrifugal pump market has seen various technological developments, which have helped the suppliers to improve their product offerings. Suppliers also use modeling software that helps them design wheels and other components. With the help of this software, the cost of product testing, manufacturing cost and operational costs can be reduced. Some of the 3D printed wheels have better performance than traditional wheels. The use of centrifugal pumps is expected to increase among SMEs during the forecast period, which will drive the market growth.

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Five major centrifugal pump companies:

Atlas Copco AB

Atlas Copco AB provides centrifugal water pumps designed and developed to provide high performance, reliability and ease of use for surface pumping in several industries for applications such as construction and mine site dewatering, l disposal of flood water and other municipal applications.

Dandong Colossus & Co.

Dandong Colossus & Co. offers a self-priming centrifugal pump, suitable for conveying neutral and corrosive fluids. The pump type is suitable for petroleum refining, petrochemical refining, chemical industrial engineering, electric power engineering, environmental protection engineering, offshore engineering , petroleum transport engineering and other departments.

Ebara Corp.

Ebara Corp. offers various types of centrifugal pumps such as single stage final suction pumps, double suction single stage centrifugal pumps, mixed flow vertical centrifugal pumps and others.

Flowserve Corp.

Flowserve Corp. offers different types of centrifugal pumps such as axial flow pumps, industrial process pumps, slurry pumps and others.

ITT Inc.

ITT Inc. offers the Goulds HS / HSD horizontal hydro-solid pumps which eliminate the clogging problems encountered with conventional centrifugal pumps.

Centrifugal Pump Market Product Outlook (Revenue, USD Billion, 2020-2025)

  • Axial – size and forecast 2020-2025
  • Mixed – size and forecast 2020-2025
  • Radial – size and forecast 2020-2025

Centrifugal Pump Market End-User Outlook (Revenue, USD Billion, 2020-2025)

  • Water and wastewater – size and forecast 2020-2025
  • Oil and Gas – Size and Forecast 2020-2025
  • Chemistry – size and forecast 2020-2025
  • Electricity production – size and forecast 2020-2025
  • Others – size and forecast 2020-2025

Geographic Outlook of Centrifugal Pump Market (Revenue, USD Billion, 2020-2025)

  • APAC – size and forecast 2020-2025
  • Europe – size and forecast 2020-2025
  • North America – size and forecast 2020-2025
  • South America – size and forecast 2020-2025
  • MEA – size and forecast 2020-2025

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