Centrifugal Pumps Market Growth Analysis | New Product Development Set to Drive Growth

Atlas Copco AB, Dandong Colossus & Co., Ebara Corp., Flowserve Corp. are among the key vendors discussed in the research report

The centrifugal pumps market and it is expected to grow by $ 9.44 billion, accelerating at a CAGR of almost 4.95% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers to enable growth projections and insights. This analytical examination of the market will enable businesses to plan and set the path for future growth prospects.

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Centrifugal Pumps Market: Market Segments and Key Trends

The research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth. The market is segmented by Product (Axial, Mixed, and Radial), End-user (Water and wastewater, Oil and gas, Chemical, Power generation, and Others), and Geography (APAC, Europe, North America, South America, and MEA). 34% of the market growth will originate from APAC during the forecast period. However, volatility in raw material prices is one of the challenges that will need to be overcome to drive growth.

Centrifugal Pumps Market: Leading Factors to Drive Market Growth

New product development and increase in use of centrifugal pumps among SMEs is one of the primary factors that will drive the growth of the centrifugal pumps market. The report provides a detailed study of this and all the other drivers that are likely to boost the market growth. For a deeper understanding of this market request our FREE Sample Report. Our analysis will help the client to prepare for recovery and growth post the havoc caused by the pandemic.

Centrifugal Pumps Market: Vendor Analysis

The market is fragmented. The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Atlas Copco AB, Dandong Colossus & Co., Ebara Corp., Flowserve Corp., ITT Inc., KSB SE and Co. KGaA, Pentair Plc, Siemens AG, Smiths Group Plc, and Sulzer Ltd. are some of the major market participants.

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Centrifugal Pumps Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive centrifugal pumps market growth during the next five years
• Precise estimation of the centrifugal pumps market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the centrifugal pumps market industry across APAC, Europe, North America, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of centrifugal pumps market vendors

Browse through some of other related market research reports for more insights:

• Pumps Market: Accelerating at a CAGR of 5.73%, the pumps market is expected to post an incremental growth of $ 22.14 billion over the next five years.
• Screw Pumps Market: Accelerating at a CAGR of 6.43%, the screw pumps market is expected to post an incremental growth of $ 1.05 billion over the next five years.
• Sanitary Pumps Market in US: Sanitary pumps market in US is set to post an incremental growth of $ 69.92 million during 2022-2026.
• Industrial Heat Pumps Market: The industrial heat pumps market will grow by $ 562.43 million, fragmented at a CAGR of over 5.33% over the next five years.
• Water Desalination Pumps Market in EMEA: Global water desalination pumps market in EMEA will post an incremental growth of $ 143.73 million and progressing at a CAGR of almost 2.58% during the forecast period.

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market will accelerate at a CAGR of 4.95%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 9.44 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Product developments and increase in use of centrifugal pumps among SMEs will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   APAC, Europe, North America, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   34% growth will originate from APAC
    
6. Who are the leading market vendors?
   The leading vendors in this market are Atlas Copco AB, Dandong Colossus & Co., Ebara Corp., Flowserve Corp., ITT Inc., KSB SE and Co. KGaA, Pentair Plc, Siemens AG, Smiths Group Plc, and Sulzer Ltd.
    
7. What are the market segments covered in this report?
   The market is segmented by Product (Axial, Mixed, and Radial), End-user (Water and wastewater, Oil and gas, Chemical, Power generation, and Others), and Geography (APAC, Europe, North America, South America, and MEA)