An Incisive, In-depth Analysis on the Centrifugal Pumps Market
This study offers a comprehensive, 360 degree analysis on the Centrifugal Pumps market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Centrifugal Pumps market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Key Factors Shaping Centrifugal Pumps Market
Energy-efficient Centrifugal Pumps to Witness Elevated Demand
Growing awareness among a number of end-use industries for energy conservation and focus on reducing total cost of operation have been driving the demand for energy-efficient centrifugal pumps. Hence, manufacturers are focusing on delivering improved pump efficiency and reduced energy consumption of centrifugal pumps to attract a broad spectrum of customers. Energy-efficient centrifugal pumps reduce annual energy consumption and save thousands of dollars to the end user, along with having a positive impact on the environment. Owing to these factors, the demand for energy-efficient pumps is anticipated to remain prominent during the forecast period.
Rising Demand from SMEs and Process Industries
Centrifugal pumps have been experiencing elevated demand from process industries like oil & gas, pulp and paper chemicals, food & beverage, and agriculture, due to their wide applications in fluid handling. In addition, rising investments in water and wastewater treatment by a number of regional governments in developed and developing countries alike, is anticipated to further boost the demand for centrifugal pumps. Growing demand for centrifugal pumps from SMEs, particularly in developing economies of India and China, is a major factor driving sales of the same.
- For instance, China is expected to register second-strongest growth (after India) in paper and paperboard production through 2016, in turn boosting the demand for centrifugal pumps.
Adoption of Micro Disc Pumping and Variable Frequency Drive Technology for Centrifugal Pumps
Micro disc pumping technology enables manufacturers to create smaller and energy-efficient centrifugal pumps. With ongoing trends such as size reduction, portability and variable frequency drive operation, demand for small, silent, energy-efficient and high-performance centrifugal pumps is prominent among end users. Micro disc pumps are already being used in pharmaceutical and medical applications. Apart from this, adjustable frequency drives are gaining popularity and are more economically viable among end users, as they are capable of generating increased energy savings, in less floor space and deliver power output as per requirement, thus matching consumption and optimizing usage of energy.
Centrifugal Pumps Market Structure Analysis
- The global centrifugal pumps market is considered to be highly fragmented owing to the presence of a large number of global, as well as regional players in the market. Tier-1 players hold the dominant market share in the centrifugal pumps market, owing to their global sales network.
- Mergers and acquisitions have been a prominent trend among centrifugal pump manufacturers, while major players in the market are establishing manufacturing plants in developing economies such as India and China, where manufacturers consider economies of scale, to reduce their operational costs and increase profitability.
- For instance, in January 2015, Flowserve Corporation completed acquisition of SIHI Group B.V.
- In December 2015, Ebara Corporation acquired Brazil-based pump manufacturer Thebe Bombas Hydraulicas SA.
FREQUENTLY ASKED QUESTIONS ABOUT Centrifugal Pumps Market
How will the centrifugal pumps market be critical in the future?
Centrifugal pumps are anticipated to remain the preferred pump type over positive displacement pumps owing to their superior fluid handling capabilities. Centrifugal pumps are anticipated to make up crux of the global pump demand in the coming years due to their widespread usage in a number of end-use industries.
Will the rise of low-cost offerings from China-based manufacturers affect the future trajectory of the centrifugal pumps market?
The price of centrifugal pumps is expected to be affected by the growing number of China-based manufacturers who offer centrifugal pumps at a much lower cost than the global average. Global manufacturers are anticipated to face stiff competition from these China-based counterparts, which will result in significant lowering of prices during the forecast period.
Which application area holds potential growth opportunities for centrifugal pump market players?
Water & wastewater, domestic and agriculture segments are anticipated to drive the global demand for centrifugal pumps during the forecast period.
What is the degree of competition in the centrifugal pumps market?
The centrifugal market shows a perfect competition structure, with a large number of regional and local market players. In the current scenario, industry leaders such as Johnson Controls International Plc., GS Yuasa Corporation, Hitachi Chemical Company Ltd. and EnerSys collectively hold around one-fourth of the total revenue share.
Which region is expected to lead the global demand for centrifugal pumps?
Asia Pacific Excluding Japan (APEJ) is expected to dominate the global demand and projected to grow at a robust CAGR during the forecast period, owing to elevated demand from China and India.
Centrifugal Pumps Market: Global Industry Analysis 2012-2018 & Opportunity Assessment 2019-2027
Future Market Insights published its recent report on the global centrifugal pumps market, which comprises of the global industry analysis for 2012-2018 & opportunity assessment for 2019-2027. It includes a comprehensive assessment of relevant and related market dynamics. After conducting a complete analysis on the historical as well as current growth prospective of the centrifugal pumps market, the growth predictions for the market are obtained with maximum accuracy.
The global centrifugal pumps market is segmented into four segments in detail to cover every aspect of the market and present complete market intelligence to the reader.
Pump Capacity (HP)
Chapter 01 – Executive Summary
The report begins with the executive summary of the centrifugal pumps market, which includes a summary of the key findings and statistics. It also includes the market value (~US$ million) estimates of prime segments of the centrifugal pumps market.
Chapter 02– Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the centrifugal pumps market report.
Chapter 03 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain several conclusions as well as important qualitative and quantitative information about the centrifugal pumps market.
Chapter 04 – Market Overview
Readers can find detailed taxonomy and definitions for the centrifugal pumps market in this chapter, which will help them understand basic information about the centrifugal pumps market. This section also highlights the inclusions and exclusions, which help readers understand the scope of the centrifugal pumps market.
Chapter 05 – Market Dynamics
This chapter explains the key macroeconomic factors that are expected to influence the growth of the centrifugal pumps market over the forecast period. This section highlights the opportunity analysis and key market dynamics of the centrifugal pumps market such as drivers, restraints, trends, and opportunities.
Chapter 06 – Global Centrifugal Pumps Market Analysis 2012-2018 & Forecast 2019-2027, by Product Type
Based on product type, the centrifugal pumps market is segmented into single-stage pumps, multi-stage pumps, axial & mixed flow pumps, submersible pumps, and seal-less & circulator pumps. In this chapter, readers can find information about the key trends and developments in the centrifugal pumps market and market attractiveness analysis based on product type.
Chapter 07 – Global Centrifugal Pumps Market Analysis 2012-2018 & Forecast 2019-2027, by End Use
This chapter provides details about the centrifugal pumps market on the basis of end use – industrial, agriculture and domestic. Industrial segment is further bifurcated into chemical, water & wastewater, oil & gas, power, pharmaceutical, food & beverages and others.
Chapter 08 – Global Centrifugal Pumps Market Analysis 2012-2018 & Forecast 2019-2027, by Region
This chapter explains how the centrifugal pumps market will grow across several geographic regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, and the Middle East & Africa (MEA).
Chapter 09 – North America Centrifugal Pumps Market Analysis 2012-2018 & Forecast 2019-2027
This chapter includes detailed analysis of the growth of the centrifugal pumps market in North America, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on end uses and countries in North America.
Chapter 10 – Latin America Centrifugal Pumps Market Analysis 2012-2018 & Forecast 2019-2027
This chapter provides the growth scenario of the centrifugal pumps market in Latin American countries such as Mexico, Argentina, Brazil, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.
Chapter 11 – Western Europe Centrifugal Pumps Market Analysis 2012-2018 & Forecast 2019-2027
This chapter provides the growth scenario of the centrifugal pumps market in the Europe region with detailed country level analysis of Germany, the U.K., Spain, France, Italy, Nordic countries, BENELUX, and the Rest of Western Europe.
Chapter 12 – Eastern Europe Centrifugal Pumps Market Analysis 2012-2018 & Forecast 2019-2027
This chapter provides the growth scenario of the centrifugal pumps market in South Asian countries such as Russia, Poland, and Rest of Easter Europe. Along with this, an assessment of the market across target segments has been provided.
Chapter 13 – Asia Pacific Excluding Japan (APEJ) Excluding Oceania Centrifugal Pumps Market Analysis 2012-2018 & Forecast 2019-2027
This chapter provides the growth scenario of the centrifugal pumps market in Asia Pacific Excluding Japan (APEJ) countries such as India, China, ASEAN, Oceania and Rest of APEJ. Along with this, an assessment of the market across target segments has been provided.
Chapter 14 – Japan Centrifugal Pumps Market Analysis 2012-2018 & Forecast 2019-2027
This chapter provides the growth scenario of the centrifugal pumps market in Japan.
Chapter 15 – MEA Centrifugal Pumps Market Analysis 2012-2018 & Forecast 2019-2027
This chapter provides the growth scenario of the centrifugal pumps market in countries in Middle East & Africa such as GCC countries, Israel, Turkey, South Africa and the Rest of MEA. Along with this, an assessment of the market across target segments has been provided.
Chapter 16 – Competitive Landscape
This chapter includes company overview, revenue shares, strategic overview, and recent company developments. Some of the key market players featured in the report are Flowserve Corporation, KSB AG, Sulzer AG, Ebara Corporation, Grundfos Holding A/S, Xylem Inc., ITT Inc., The Weir Group PLC, Wilo SE, Tsurumi Manufacturing Co., Ltd., Kirloskar Brothers Ltd., DESMI A/S, WPIL Limited, among others.
Sources and Primary Research Splits (%)
Centrifugal Pumps Market Reports - Table of Contents
1. Centrifugal Pump Market- Executive Summary
2. Research methodology
3. Assumptions and Acronyms Used