Articles
Centrifugal Water Pump Market by Manufacturers, Regions, Type and Application, Forecast
by Devanshu Raizada A Digital Marketing ExecutiveThe global centrifugal water pump market was
valued at $26,649.2 million in 2015, and it is expected to grow at a CAGR of
4.5% during 2016 - 2022. The factors driving the growth of the global market
include increasing level of urbanization, rapid industrialization in developing
economies, growing water scarcity, and growing construction industry and
increasing disposable income.
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In 2015,
Asia-Pacific dominated the global centrifugal water pump market, accounting for
approximately 43.3% share, which is expected to become 44.8% by 2022. The
increasing level of urbanization, rapid industrialization and increasing
disposable income are some of the major growth driving factors in the
Asia-Pacific centrifugal water pump market, particularly in countries, such as
India and China. China was the largest market for centrifugal water pumps in
the region in 2015; however, India is expected to witness the highest growth
during the forecast period. Moreover, economic growth along with
industrialization has increased the demand for centrifugal water pumps. The
major companies operating in the Asia-Pacific centrifugal water pump market
include Torishima Pump Mfg. Co. Ltd., Kirloskar Brothers Limited, and Ebara
Corporation.
The growing
construction of residential and non-residential buildings is driving the demand
for centrifugal water pumps. With the increase in infrastructure investment,
the demand for centrifugal water pumps will increase. The increasing disposable
income of people across the globe has enhanced their living standards with
increased spending on houses, thus contributing to the increased demand for
centrifugal water pumps.
GLOBAL CENTRIFUGAL WATER PUMP MARKET SEGMENTATION
By End-User
·
Municipal Water and Wastewater
·
Chemical
·
Oil and Gas
·
Energy
·
Others
GEOGRAPHICAL SEGMENTATION
By Region
·
North America
o
U.S.
o
Canada
o
Rest of North America
·
Europe
o
Western Europe
o
Eastern and Central Europe
·
Asia-Pacific
o
China
o
India
o
Rest of Asia-Pacific
·
Rest of the World (RoW)
o
Brazil
o
South Africa
o
Saudi Arabia
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Among the
various end-users, the municipal water and wastewater segment held the largest
share in the global centrifugal water pump market in 2015. The rapid growth of urban
population is creating pressure on the existing water infrastructure, which
includes delivery of utility water and removal and treatment of wastewater. To
meet this growing demand, various governments in Asia and Africa are expected
to increase their spending on irrigation and drinking water schemes.
Some of the
major players operating in the global centrifugal water pump market include
Flowserve Corporation, Ebara Corporation, Sulzer Ltd., Grundfos Holding A/S,
Kirloskar Brothers Limited, KSB Aktiengesellschaft, Gardner Denver Inc., ITT
Corporation, Torishima Pump Mfg. Co., and The Weir Group PLC.
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About Devanshu Raizada 
A Digital Marketing Executive
5 connections, 0 recommendations, 26 honor points.Joined APSense since, April 2nd, 2019, From Delhi, India.
Created on Jul 10th 2019 03:24. Viewed 471 times.
