A centrifugal pump is designed to move fluid through the transfer of rotational energy from one or more driven rotors, known as impellers. It converts the rotational energy of the fluid to energy in a moving fluid. The increasing urbanization in the developing countries and demand for water treatment plants is causing the centrifugal pump market to expand during the forecast period. The Middle East and the Asia Pacific region are hence likely to experience high growth in the coming years owing to the rising industrial demands in these regions. The centrifugal pump market is anticipated to grow in the forecast period owing to driving factors such as robust demand form water & wastewater and infrastructure industry. However, the cavitation effect in centrifugal pumps is acting as a restraining factor for the growth of the centrifugal pump market during the forecast period. On the other hand, the developing countries are likely to offer lucrative opportunities to the market players on account of the increasing investments in wastewater treatment plants in the coming years.
GRUNDFOS HOLDING A/S, KSB SE & CO. KGAA, SULZER LTD, THE WEIR GROUP PLC, AND XYLEM INC. – PROMINENT MARKET PARTICIPANTS IN CENTRIFUGAL PUMP MARKET
Grundfos Holding A/S, KSB SE & Co. KGaA, Sulzer Ltd, The Weir Group PLC, and Xylem Inc. are some of the key market players operating in the global centrifugal pump market. The listing of key players is derived by considering multiple factors such as overall revenue, current centrifugal pump product portfolio, geographical reach, new product launches, market initiatives, investment in technology upgradation, partnerships, and other market related activities. In addition to these players, there are several other important players operating in the centrifugal pump ecosystems which were studies analyzed during the course of this market research study, such as, EBARA CORPORATION, KIRLOSKAR BROTHERS LIMITED, PLEUGER INDUSTRIES, Tsurumi Manufacturing Co., Ltd., and WILO SE.
Most of the market initiatives were observed in APAC and Europe region, which have a high potential of market-related products, solutions, and services. Few of the important market initiatives from the industry are mentioned below:
|2021||EBARA Pumps Europe launches the Model EVMS-K Pump. The Model EVMS-K Pump is a new product that combines the Model EVMS Pump and the Model E-SPD Inverter, both of which are EPE products. It is possible to conserve energy by integrating a motor with an inverter, drive a pump more efficiently, minimize installation space, and simplify wiring and installation labor.||Europe|
|2020||KBL is now the first Indian pump manufacturing company to receive the prestigious Integrated Management System (IMS) certification for four single stages, namely ISO 9001: 2015, ISO 14001: 2015, ISO 45001: 2018 and ISO 50001:2018 by the certification Body, M/s TUV-SUD.||APAC|