Centrifugal Water Pump Market to grow by USD 7.40 billion| Evolving

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.

For more insights on Centrifugal Water Pump Market – Read Free Sample Report

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

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

Story continues

Get lifetime access to our Technavio Insights. Subscribe now to our most popular “Lite Plan” billed annually at USD 3000. View 3 reports monthly and Download 3 Reports Annually!

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

Related Reports:
Water Desalination Pumps Market in EMEA –The…