Centrifugal Pump Market to Grow $36.98 Billion by 2022 | Leading key players are Resideo, Legrand, Schneider Electric, Johnson Controls, Siemens, Ingersoll Rand

According to the new market research report "Centrifugal Pump Market by Type (Overhung Impeller, Vertically Suspended, and between Bearing), Stage (Single Stage, Multistage), End-User (Water and Wastewater, Chemicals, Oil & Gas, Power, Commercial and Residential), and Region - Global Forecast to 2022", The centrifugal pump market is expected to grow from an estimated USD 30.65 billion in 2017 to USD 36.98 billion by 2022, at a CAGR of 3.83%, during the forecast period.

Browse 69 tables and 40 figures spread through 154 pages and in-depth TOC on "Centrifugal Pump Market - Global Forecast to 2022"

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The market is set to witness growth due to increasing investments in infrastructure development and rising demand from the industrial sector.

The single stage centrifugal pump market is expected to be the largest centrifugal pump market, by stage, in 2017.

The single stage pump segment is expected to be the largest segment of the centrifugal pump market, by stage, in 2017. These pumps are widely used in the industrial sector as they can handle large flow volumes of fluids. Increased investments in infrastructure and solar power plants and the growing household sector in developing countries are the key drivers of the single stage centrifugal pump market.

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The vertically suspended centrifugal pump market is expected to be the second-largest centrifugal pump market, by type, during the forecast period.

Vertically suspended pumps are self-priming and use 75% less floor space than horizontal pumps with electric motor drives. An increase in the demand for multistage pumps with high pressure in high rise commercial buildings, the petroleum, oil & gas, and industry process services, and cooling power systems are the major factors driving the market for vertically suspended pumps.

Target Audience:

The report’s target audience includes:

Centrifugal pump manufacturing companies
Consulting companies in the power and oil & gas sector
Process and manufacturing plants
Government and research organizations
Centrifugal pump and equipment manufacturers
Water Industry Forum
State- or government-owned corporations
Power transmission and distribution companies

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Scope of the Report:

By Pump Type
Overhung Impeller
Vertically Suspended
Between Bearing
By Stage
Single Stage
Multistage
By End User
Industrial
Commercial and Residential
By Region
Asia Pacific
Europe
North America
Middle East
South America
Africa

Europe: Key market for centrifugal pumps during the forecast period.

In this report, the centrifugal pump market has been analyzed with respect to 6 regions, namely, Asia Pacific, Europe, North America, South America, the Middle East, and Africa. Europe is expected to be the second-largest centrifugal pump market, by region, during the forecast period. The increased demand from the water and wastewater sector, moderate demand from the construction and mining sectors, the growing awareness of energy savings, high per capita income, and supportive government plans are expected to drive the market for centrifugal pumps in this region. Germany, Russia, and the UK are the leading countries which will contribute to the growth of the centrifugal pump market in Europe.

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To enable an in-depth understanding of the competitive landscape, the report includes the profiles of some of the top players in the centrifugal pump market such as ITT (US), Flowserve (US), KSB (Germany), Sulzer (Switzerland), Grundfos (Denmark), and Ebara (Japan).

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