The global Industrial Pumps market is forecast to reach USD 95.09 Billion by 2030, according to a new report by Reports and Data. Centrifugal Pump find their application in various sectors and help in mainly transferring liquids from one location to another.
Technological trends like the introduction of magnetic drive pumps, intelligent pump systems, and next-generation industrial automation are boosting the growth of this market. Rapid infrastructural development is another driving factor. APAC countries are witnessing rapid construction which in turn is boosting the market for Centrifugal Pump. Demand for Centrifugal Pump from the process and manufacturing industries is a significant driving factor. The rise in product energy pumps for the transportation and extraction of oil and natural gas is having a positive effect on the market. An increase in crude oil price is also boosting the demand for the market as it fuels the energy sector’s revenue.
Growing construction, automotive, and manufacturing industries are expected to raise the demand for Centrifugal Pump in the Asia Pacific region. The Indian government has passed a policy for the promotion of FDI investment in the oil and gas sector. This will increase the production of petrochemicals and polymers in the country, hence propelling the demand in this region. Increased investment in desalination plants and wastewater is also expected to increase the sale of Centrifugal Pump. Centrifugal Pump are also in high demand from the power generation sector.
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A substance or mixture of substances that make up an object is referred to as a material. Materials are used as inputs in manufacturing processes to create goods or more complex materials in the industry. The chemical industry is made up of businesses that manufacture industrial chemicals. Chemical reactions and refining technologies are used in this industry to convert basic resources including oil, air, water, natural gas, metals, and minerals into thousands of different products. The materials and chemicals sector trends range from solutions for lightweight, sustainability, surface engineering, 3D printing, nano-formulations (biomaterials), and developing advanced composites to meet the current industry demands.
The global Centrifugal Pump market research report has been formulated with extensive primary and secondary research and also covers SWOT examination and Porter’s Five Forces Analysis to offer a detailed analysis of the leading companies. The report also offers a detailed analysis of market share, market size, market volume and value, product portfolio, product development and advancement, technological upgrades, and segmentation based on types, application, end-use, and region.
Top Key Players: Flowserve Corporation (U.S.), Grundfos Holding A/S (Denmark), ITT Inc. (U.S.), Suzler Ltd. (Switzerland), Titan Manufacturing Inc. (U.S.), Ebara Corp. (Japan), Weir Group PLC (Scotland), Schlumberger Ltd. (U.S.), Baker Hughes Inc. (U.S.), and Clyde Union Inc. (Scotland) among others.
Type Outlook (Revenue, USD Million; 2019-2030)
- Centrifugal Pumps
- Reciprocating Pumps
- Rotary Pumps
- Diaphragm Pumps
Capacity Outlook (Revenue, USD Million; 2019-2030)
- Small Capacity Pumps
- Medium Capacity Pumps
- High Capacity Pumps
End Users Outlook (Revenue, USD Million; 2019-2030)
- Water and wastewater
- Oil & Gas
- Power Generation
Regional analysis covers:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Reasons for Buying this Report:
- The report focuses on market share, market size, revenue share, industry growth rate, regional bifurcation, and overall industry outlook.
- The study provides a pinpoint analysis of changing competitive dynamics.
- The report helps readers in understanding the product segments and their future growth.
- Analysts in this research report can quickly expand their business by focusing on various business and market strategies.
- It helps in making informed business decisions by having complete insights into the market and by making in-depth analyses of market segments.
- PEST analysis of the market in the five major regions.
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