Global Centrifugal Pump Market size was valued US$ xx Mn in 2019 and the total revenue is expected to grow about xx% from 2020 to 2027, reaching nearly US$ xx Mn.
Global Centrifugal Pump Market
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The report includes an analysis of the impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lockdown was implemented differently in different regions and countries, the impact of the same is also different by regions and segments. The report has covered the current short term and long term impact on the market will help decision-makers to prepare the outline for short term and long term strategies for companies by region.
A Centrifugal pump is a mechanical device designed to move liquid by means of 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. The oil and gas industry is expected to grow at an XX% CAGR in the forecasted period. The volatility of prices of gas and crude oil is estimated to be the major restraint in the growth of the centrifugal pumps market.
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 Market1
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.
The report covers an in-depth analysis of key development, marketing strategies, supply-side and demand-side indicators, and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as mergers & acquisitions, joint ventures, collaborations, expansion, new product launches, and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Centrifugal Pump Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Centrifugal Pump Market dynamics, structure by analyzing the market segments and project Global Centrifugal Pump Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Centrifugal Pump Market the report investor’s guide.
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Centrifugal Pump Market, by Impeller Type
• Partially Open
Centrifugal Pump Market, by End User
• Oil and Gas
• Power Generation
• Other End Users
Centrifugal Pump Market, by Stage
• Single-stage Pumps
• Multi-stage Pumps
Centrifugal Pump Market, by Region
• Asia Pacific
• North America
• South America
• Middle East & Africa
Key players operating in Centrifugal Pump Market
• 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
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