This strategic assessment report provides a comprehensive analysis that reflects today’s Centrifugal Pump Market realities and future possibilities for the forecast period of 2022 to 2028.

Stratview Research announces the launch of a new research report on the Centrifugal Pump Market is Segmented by Type (Overhung Impeller, Vertically Suspended, and Between Bearing), by Stage Type (Single Stage, Multistage), by End-User Type (Industrial, Commercial & Residential), and by Region (North America, Europe, Asia-Pacific, and Rest of the World).

Report Features

The report delivers a detailed view of the industry based on global Centrifugal Pump Market size, market growth, and opportunities. The report also analyses market key aspects such as-

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Covid-19 Impact analysis.
• Market environment analysis: Growth drivers and constraints, and SWOT analysis.
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players

Highlights from the Report

The centrifugal pump market size was estimated at USD 35.77 billion in 2021 and is likely to grow at a CAGR of 5.84% during 2022-2028 to reach USD 53.32 billion in 2028.

Investments in wastewater treatment plants in emerging economies majorly in the Middle East and Asia-Pacific are the key influencers that are driving the centrifugal pump market globally.

What is a centrifugal pump?

Centrifugal Pumps majorly find use in moving water or any other fluid using inducing the flow by building up the pressure of the fluid. The pumps are of different types such as overhung impellers, vertically suspended, and between bearings.

Centrifugal pumps are generally employed in power industries, oil & gas, water & wastewater, chemical, and others. The prominent advantages of the preference for a centrifugal pump entail its ease of operation, compactness in size, and foremost, it suitably aids to lift highly viscous liquid, such as sugar molasses, paper pulp, muddy and sewage water, and oil.

According to the report, the key players in the market are –

• Xylem Inc.
• The Flowserve Corporation,
• Grundfos,
• Sulzer Ltd.,
• ITT Corporation,
• WILO SE,
• Circor International Inc.,
• Ebara Corporation,
• Baker Hughes (A GE Company).

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