Yahoo FinanceCentrifugal Water Pump Market to grow by USD 7.40 billion| Evolving Opportunities with CIRCOR International Inc. & Ebara Corp. emerge as Key Contributors to growth| 17000+ Technavio Reports
NEW YORK, Nov. 24, 2021 /PRNewswire/ -- The centrifugal water pump market is set to grow by USD 7.40 billion, progressing at a CAGR of 5.34% from 2020 to 2025. CIRCOR International Inc., Ebara Corp., Flowserve Corp., Grundfos Holding AS, ITT Inc., KSB SE, and Co. KGaA, Sulzer Ltd., The Weir Group Plc, Wilo SE, and Xylem Inc. are some of the major market participants. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
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Centrifugal Water Pump Market 2021-2025: Drivers & Challenges
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. The increasing investments in the global construction industry and the high demand for centrifugal water pumps from the agricultural sector will offer immense growth opportunities. However, the cavitation effect in centrifugal pumps will hamper the market growth. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Centrifugal Water Pump Market 2021-2025: Scope
The report also covers the following areas:
Centrifugal Water Pump Market 2021-2025: Segmentation
Application
Geography
Centrifugal Water Pump Market 2021-2025: Key Regions & Revenue Generating Segment
40% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for centrifugal water pumps in APAC. The increasing demand for water and wastewater management in developed countries will facilitate the centrifugal water pump market growth in APAC over the forecast period.
The centrifugal water pump market share growth by the non-municipal segment has been significant for revenue-generating. Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the centrifugal water pump market size
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Centrifugal Water Pump Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist centrifugal water pump market growth during the next five years
Estimation of the centrifugal water pump market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the centrifugal water pump market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of centrifugal water pump market vendors
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Centrifugal Water Pump Market Scope | |
Report Coverage | Details |
Page number | 120 |
Base year | 2020 |
Forecast period | 2021-2025 |
Growth momentum & CAGR | Accelerate at a CAGR of 5.34% |
Market growth 2021-2025 | USD 7.40 billion |
Market structure | Fragmented |
YoY growth (%) | 5.14 |
Regional analysis | APAC, Europe, North America, South America, and MEA |
Performing market contribution | APAC at 40% |
Key consumer countries | China, US, Japan, Russian Federation, and UK |
Competitive landscape | Leading companies, competitive strategies, consumer engagement scope |
Companies profiled | CIRCOR International Inc., Ebara Corp., Flowserve Corp., Grundfos Holding AS, ITT Inc., KSB SE and Co. KGaA, Sulzer Ltd., The Weir Group Plc, Wilo SE, and Xylem Inc. |
Market Dynamics | Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
Customization preview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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