Centrifugal Pump Market Revenue Opportunity, Growth, Forecast, 2030

Global Centrifugal Pump Market Overview:

The Centrifugal Pump Market is driven by a rapidly increasing infrastructure development with a healthy CAGR of 4.01% during the forecast period of 2022 to 2030.

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A centrifugal pump is a type of pump that uses a rotating impeller to increase the velocity of a fluid and then converts that velocity into pressure to move the fluid through the pump and the system. Centrifugal pumps are commonly used in a wide range of industrial and commercial applications, including water supply, irrigation, mining, oil and gas, and chemical processing. During the COVID-19 pandemic, the demand for centrifugal pumps may have been affected differently depending on the industry. For example, the pandemic has caused a slowdown in the oil and gas industry and subsequently, the demand for centrifugal pumps used in that industry may have decreased. However, the demand for centrifugal pumps used in water supply and irrigation may have increased as people spend more time at home and the water demand may have increased. Additionally, the pandemic has caused disruptions in the supply chain and labor force which may have delayed the production and delivery of centrifugal pumps in some areas.

Regional Analysis

North America is the leader in the centrifugal pump market share. Additionally, their industrial sectors have consumed a large volume of water, leading to depletions in the reservoir of underground water. In addition to this, people are beginning to believe in water reuse as a way to help conserve this natural resource.

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Market Segmentation

The Global Centrifugal Pump market has been segmented into type, stage, and end-user.

Based on the type, the market has been segmented into Overhung Impellers, Vertically Suspended, and Between Bearings.

Based on the stage, the market has been segmented into Single and Multistage.

Based on the end user, the market has been segmented into Water & Wastewater, Oil & Gas, Chemical, and Power.

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Key Players

Some of the key market players are Xylem, Grundfos, Flowserve, KSB, Circor International, Sulzer, ITT Corporation, Wilo, Ebara Corporation, Pentair, Someflu, Baker Hughes, A GE Company.

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