9:26 AM Centrifugal Pump Market Size to experience an impressive growth of 5.2% |
| Centrifugal Pump Market is likely to witness an impressive CAGR of 5.2% during the forecast period. Investments in wastewater treatment plants in the emerging economies majorly in the Middle East and Asia-Pacific are the key influencers that are driving the centrifugal pump market globally.
Click here to get a Free Sample of the report (with additional insights): https://www.stratviewresearch.com/Request-Sample/655/centrifugal-pump-market.html Or Read the summary of the report here: https://www.stratviewresearch.com/655/centrifugal-pump-market.html Centrifugal Pump Market Insights: By Type: Based on the type, the market is segmented as an overhung impeller, vertically suspended, and between bearing. The overhung impeller segment dominated the market in 2019, and the segment is likely to maintain its dominance during the forecast period. The growth of the segment is owing to the extensive use of overhung impellers in commercial, residential, and industrial applications. In addition, they are also used in different end-use industries for power generation owing to their low cost as compared against bearing pumps. By Stage Type: Based on the stage type, the market is segmented as single stage and multistage. The multistage segment is estimated to have substantial growth in the coming five years. Multistage pumps offer several advantages as they are suitable in operating in a host of flow/head situations. By End-User Type: Based on the end-user type, the market is segmented as industrial and commercial & residential. The industrial segment is expected to register a higher growth during the forecast period. The market is driven by the increasing demand from the water and wastewater and agricultural sectors majorly in the countries such as India, Thailand, Saudi Arabia, Malaysia, Vietnam, and Nigeria. By Region: In terms of regions, Asia-Pacific is expected to dominate the centrifugal pump market in the coming five years. China and India are the growth engines of the region. The market is driven by the growing investments in the water and wastewater set-up in India and other South-Eastern countries. North America and Europe are also expected to offer substantial growth opportunities during the forecast period. Click below to run through the detailed ToC of the report: https://www.stratviewresearch.com/toc/655/centrifugal-pump-market.html Features of the Report This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. Based on the research, a proper report is crafted with the following key features:
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