The report of Centrifugal Pump Market by Impeller Type (Open, Partially Open, Enclosed), End User (Oil and Gas, Power Generation, Other End User), Stage (Single-stage Pumps, Multi-stage Pumps), and Region (North America, Europe, Middle East & Africa, South America, Asia Pacific) is expected to reach US$ xx Mn. by 2027, at a CAGR of xx % during a forecast period.
Centrifugal pump is a mechanical device designed to move liquid using the transfer of centripetal energy through impellers. These types of pumps are used for pumping Oil, Gas and Water. Growth in oil exploration and production activities in deep-water oil & gas fields in the North America and Africa regions are anticipated to drive the global demand for centrifugal pumps. Oil and gas industry are expected to grow at a CAGR of xx% over the forecasted period.
By End User, the global centrifugal pumps market is majorly driven by Power Generation. Development of power generation sector in many countries are increasing demand for Centrifugal pump. Power generation plants such as coal, nuclear, and gas-based started have phased out. The development of gas-operated power generation plants are anticipated to fuel the growth of the centrifugal pumps market.
The report covers an analysis of the current global centrifugal pump market size and share in terms of revenues. The report also presents a 7-year outlook based on compound annual growth rates (CAGR) for each type of centrifugal pump covered in scope and the industry as a whole. Further, a detailed analysis of the products is provided in the report.
The report covers the changing market condition and adoption by how centrifugal pump manufacturers through key industry insights. The companies covered in the report are ranked and identified according to their market share and performance. Moreover, company benchmarking (company to company comparison) and Product benchmarking (product-to-product comparison) are including in the study to presents key competitive factors that are important for companies to outperform in challenging market conditions.
Global Centrifugal Pump Market: Regional Overview
By region, the Asia Pacific held the largest market share of XX% in 2019 and is expected to grow at a CAGR of XX% during the forecast period. Rising industrialization and development in the power generation sector, particularly in emerging economies such as China, Japan, and India are the leading contributor to the regional market growth. North America and Europe are expected to offer significant growth opportunities during the forecast period.
Key players operating in the Centrifugal Pump Market are KSB SE & Co. KGaA, Weir Group PLC, Flowserve Corporation, Schlumberger Ltd, Baker Hughes Company, ITT Corporation, Ruhrpumpen Group, Xylem Inc., Wilo SE, Sulzer AG, Ebara Corporation, Grundfos AG.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Centrifugal Pump Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Centrifugal Pump Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Centrifugal Pump Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Centrifugal Pump Market.”
https://www.maximizemarketresearch.com/market-report/global-centrifugal-pump-market/80023/
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