DUBLIN--(BUSINESS WIRE)--The "Centrifugal Pump Market by Type (Overhung Impeller, Vertically Suspended, and between Bearing), Stage (Single Stage, Multistage), End-User (Water & Wastewater, Chemicals, Oil & Gas, Power, Commercial & Residential) & Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The Centrifugal Pump Market is Projected to Grow from An Estimated USD 30.65 Billion in 2017 to USD 36.98 Billion By 2022, at a CAGR of 3.83%, from 2017 to 2022.
Increasing investments in modernizing water and wastewater infrastructure, infrastructure development, and power generation in emerging economies and the growth of industries such as chemicals and manufacturing is driving the market for centrifugal pumps across the world.
The industrial segment of the global centrifugal pump market is expected to grow at a fast pace during the forecast period. This can be attributed to rapid growth in industrialization and urbanization across the world. Use of centrifugal pumps in industries such as water and wastewater, oil & gas, process industries, chemicals, and mining is increasing due to their high efficiency, wide capacity range, flow rate, and ease of operation and maintenance.
Asia Pacific is the largest market for centrifugal pumps, followed by Europe and North America. While China will continue to drive demand, growing industrial demand and increasing investments in infrastructure development in emerging economies such as India, Thailand, and Malaysia are expected to boost the demand for centrifugal pumps. Furthermore, rising standards of living and growing urbanization, along with the rising demand for proper sanitation are driving the centrifugal pump market in Asia Pacific.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Centrifugal Pump Market, By Type
7 Centrifugal Pump Market, By Stage
8 Centrifugal Pump Market, By End-User Industry
9 Centrifugal Pump Market, By Region
10 Competitive Landscape
11 Company Profiles
- Baker Hughes (A GE Company)
- Circor International, Inc.
- Ebara Corporation
- Flowserve Corporation
- Grundfos Holding
- ITT Corporation
- KSB AG
- Wilo SE
For more information about this report visit https://www.researchandmarkets.com/research/9hwgw8/centrifugal_pump?w=4