Centrifugal Pump Market Size 2020: In-depth Analysis by Industry Size, Trends, Shares, Growth, Opportunities and Forecast by 2026

Report marketgrowthreports.com latest publication, Centrifugal Pump Market Research Report 2020, what's more, offers a wise interpretation of the drivers and limitations present in the market. It evaluates the verifiable information involving to the Centrifugal Pump market and looks at it to the present market patterns to give the checks a definite investigation of the direction of the market. A group topic specialists have given the subjective and quantitative information about the market and the different components related with it. Moreover, this report incorporates a precise serious investigation of significant market players and their systems during the projection course of events.

Centrifugal pumps are a sub-class of dynamic axisymmetric work-absorbing turbo machinery. Centrifugal pumps are used to transport fluids by the conversion of rotational kinetic energy to the hydrodynamic energy of the fluid flow. The rotational energy typically comes from an engine or electric motor. The fluid enters the pump impeller along or near to the rotating axis and is accelerated by the impeller, flowing radially outward into a diffuser or volute chamber (casing), from where it exits. Common uses include water, sewage, petroleum and petrochemical pumping.,

Centrifugal Pump  Market competition by Top Countries manufacturers/ Key player Data Profiled:

Grundfos,Flowserve,ITT,KSB,Sulzer,Ebara,Schlumberger,Weir Group,Wilo AG,Idex,Pentair,Clyde Union,Vano,Atlas Copco,DAB,FNS Pumps,Allweiler,Shanghai Kaiquan,FengQiu,Shandong Sure Boshan,LEO,CNP,Sanlian Pump Group,Hunan Changbeng,Shanghai East Pump,Shandong Shuanglun,

And More……

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Centrifugal Pump Market Segment by Type covers:

  • Axial Flow Pumps
  • Mixed/Radial Flow Pumps
  • Peripheral Pumps
  • Jet Pumps

Centrifugal Pump Market Segment by Applications can be divided into:

  • Domestic water and wastewater
  • Petroleum industry
  • Chemical industry
  • Food and beverage
  • Mining industry
  • Others

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China is the dominate producer of centrifugal pump, the production was 89199 K Unit in 2015, accounting for about 58.19% of the total amount, followed by Europe, with the production market share of 17.94%. And China expected to remain the regions with the largest growth potential in the forecast period. Even though a huge space for growth in the Chinese market exists, the quality and technology should be further improved., At present, in the foreign industrial developed countries the centrifugal pump industry is generally at a more advanced level, the world's large enterprises are mainly concentrated in the Europe and North America, etc. accounted for most of the international market share. Meanwhile, these companies have more advanced equipment, strong R&D capabilities; the technical level is in a leading position. But foreign companies’ manufacturing cost is relatively high, compared with Chinese companies, the manufacturing cost is competitive disadvantage, as the Chinese centrifugal pump production enterprise technology continues to improve, their share in the international market is increasing, competitiveness in the international market gradually increase. , The industrial concentration of the whole industry is generally lower. Manufacturers are distributed around the world. Leading players in centrifugal pump industry are Grundfos, KSB, Sulzer, Ebara. Grundfos is the largest manufacturer, with the production market share of 2.59% in 2015. The top four companies occupied about 7.56% production share of the market in 2015., Domestic water and wastewater accounted for the largest market with about 36.10% of the global consumption volume for centrifugal pump in 2015. Moreover, it is anticipated to grow at a CAGR of 2.94% from 2017 to 2022. With over 27.79% share in the centrifugal pump market, petroleum industry was the second largest application market in 2015, and is anticipated to grow at a CAGR of 4.69%, in terms of consumption volume, from 2017 to 2022. , Under the influence of raw material, market competitions and economic conditions, the price of centrifugal pump was lower year by year from 195 USD/Unit in 2011 to 180 USD/Unit in 2015. The profit margin is relatively high, about 33.51% in 2015, and was also descends in recent years. In the next few years, we predict that price will continue to decline. As competition intensifies, prices gap between different brands will go narrowing., The worldwide market for Centrifugal Pump is expected to grow at a CAGR of roughly 2.5% over the next five years, will reach 33500 million US$ in 2024, from 28800 million US$ in 2019, according to a new GIR (Global Info Research) study.This report focuses on the Centrifugal Pump in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.,

Regional analysis covers:

  1. North America (USA, Canada and Mexico)
  2. Europe (Germany, France, UK, Russia and Italy)
  3. Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  4. South America (Brazil, Argentina, Columbia etc.)
  5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

The report provides an in-depth knowledge of the Global Centrifugal Pump market scenario:

  • Market Overview
  • Market Analysis by Regions
  • Market Dynamics & Companies Profiles, Business Overview
  • Data Source
  • Research Findings and Conclusion
  • Market trends & developments
  • Company profiles of leading companies

The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Centrifugal Pump market in 2025 is also explained. Additionally, type wise and application wise consumption tables and figures of Centrifugal Pump market are also given.

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