Surging development of water and wastewater infrastructure and expanding industrial infrastructure are the major factors proliferating the global centrifugal pumps market.
September, 2018: The global centrifugal pumps market is expected to grow, owing to factors such as increasing demand from water and wastewater treatment plants and development and expansion in industrial sector.The centrifugal pumps have significant advantages, in terms of ease of repair and installation. Moreover, centrifugal pumps have no drive seal; hence, leakage is nonexistent from the same. The centrifugal pumps have very less frictional loss and minimum wear, in comparison to others. The technological benefits associated with the centrifugal pumps favors its adoption, among the end-user industries.
The demand for centrifugal pumps, from water and wastewater industry, is growing rapidly, on account of massive development of water infrastructure. The development of water and wastewater infrastructure has become an imperative, due to surging demand for water.The awareness level of water reuse has increased in recent years, majorly attributed to decreasing level of ground water across the world. The amount of water required in industrial sector is very high, and due to depleting reserves of ground water, the reuse of water has become an imperative. The water infrastructure is receiving huge impetus from development of water desalination facilities across the world, which, in turn, provides a big boost to centrifugal pumps market.
Globally, the governments have formulated policies to promulgate the industrial sector, in order to provide impetus to economic growth. The resurgence in crude oil prices and anticipated stability of the same is likely promulgate the upstream activities. Moreover, the policy level initiatives in various countries to develop midstream and downstream sector is expected provide huge impetus to centrifugal pumps market, in coming years.
Many regions around the world have begun offshore explorations, in order to exploit their fair share of natural resources, and to kick start their economy, knowing well about the windfall in returns that these successful oil ventures could bring. Such developments pertaining to water infrastructure is expected to foment the demand for centrifugal pumps in near future.
The report “Centrifugal Pumps Market Segmentation by Stage, by Product Type, by End User, and by Geography” is now available, and can be purchased directly at: https://www.mordorintelligence.com/industry-reports/centrifugal-pumps-market
Pumps market segmentation, based on product type, end users, and regional coverage,
Pumps Market, by Stage:
Pumps Market, by Impeller Type:
Pumps Market, by End User:
Pumps Market, by Region:
Middle East & Africa
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