Vertical Multistage Centrifugal Market Sales And Product Demand Analysis 2026
Vertical multistage centrifugal pump is a
mechanical device used for the transportation of liquid from one place to
another by creating suitable pressure on the head of pump. The vertical
multistage pumps provide several benefits such as saves energy, and is able to
operate in a wide range of flow/head scenarios. These vertical centrifugal
pumps are especially used for transporting large volumes of liquid with
substantial pressure head and are largely utilized for water, wastewater, and
industrial liquid transportation in power, steel, agriculture, and among others
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Increasing Number of Construction Activities
is one of the Major Factors Driving Growth of the Market
Factors such as rising urbanization across the
world and rapid growth in the global population, which has led to increase in
infrastructural and construction activities and this is expected to aid in
growth of the market For instance, according to World Bank ,the urban
population in 2014 was 53.8% of global population, which reached up to 54.3% in
2016, globally. Development in infrastructural activities results in increasing
construction activities, which eventually creates high demand for vertical
multistage centrifugal pump. These pumps are used to extract water from
surface, further creating new sources of water for the residential, industrial,
and commercial purposes, which in turn, is expected to propel the market over
the forecast period (2018-2026). Moreover, increasing government investments in
infrastructure development is another factor fostering growth of the market.
For instance, in January 2016, according to the press release of Financier
Worldwide Magazine, around US$ 700 billion and US$ 800 billion is invested in
infrastructure development worldwide each year, of which around US$ 550 billion
is invested in emerging economies. Therefore, increasing infrastructural
development is expected to drive growth of the vertical multistage centrifugal
market over the forecasted period. However, high prices of vertical multistage
centrifugal pumps is one of the main factors restraining growth of the market.
For instance, according to Big Brand Water Filter, Inc. the price of the
Grundfos 3HP 260Max-PSI vertical centrifugal was US$ 2,006.25 and
Grundfos 5HP 343Max PSI vertical multistage centrifugal was priced at US$
2,431.50.
Global Vertical Multistage Centrifugal Pump
Market: Regional Insights
On the basis of region, the global vertical
centrifugal pump market is segmented into North America, Europe, Asia-Pacific,
Latin America, Middle East, and Africa. Asia Pacific accounted for the largest
market share in 2017 and is expected to be dominant over the forecast period.
The key factor attributed to growth of the market is rising infrastructure
development activities, especially in emerging economies such as China, India,
and Indonesia. The reason for increasing infrastructural activities is growing
industrialisation, rising economic growth, and shifting of people from rural
areas to urban areas among others. According to the World Bank, by 2030,40.76%
of India’s population is expected to reside in urban areas in. These factors
have led to high demand for water in these economies, which is expected to
drive growth for vertical multistage centrifugal pumps.
Moreover, stringent rules and regulation by
government bodies and strict policies regarding recycling of wastewater and its
treatment, especially in India and China are expected to drive growth of the
vertical multistage centrifugal market in the region. For instance, in May
2018, Government of India launched the ‘Reuse of Treated Waste Water Policy' in
Gujarat state that aims to reduce the state's dependence on fresh water sources
such as Narmada river. Moreover, according to the National Development and
Reform Commission (NDRC) analysis, the Chinese government’s investment for
wastewater treatment was US$ 77.4 billion in 2015 and reached US$ 81.9 billion
in 2016.
Global Vertical Multistage Centrifugal Pump
Market: Competitive Landscape
Intense competition among vendors of vertical
multistage centrifugal pumps has led to adoption of various strategies such as
mergers and acquisitions and new product launches, in order to remain
competitive in this market. Major players use such strategic tactics to
increase their geographical foothold or to expand their products in the market.
For instance, in July 2018, Grundfos released a new range of CR vertical multi-stage
centrifugal in-line pumps, with efficiency upgrades and new features that will
further improve pump reliability. CR centrifugal pumps is equipped with three
new flow sizes (CR95, 125, and 155) and increases the maximum water flow to 220
cubic meters per hour.
Major players in the vertical multistage
centrifugal pumps market are Pentair Water Groups, Grundfos, C.R.I. Pumps
Private Limited, Crane Engineering, Carver Pump Company, Oswal Pumps Limited,
National Oilwell Varco., Desmi, Dab Pumps Spa P.I., Baiyun, Shakti Pumps (I),
Xylem, Inc., Kolmeks Oy, and Lenntech B.V.
Global Vertical Multistage Centrifugal Pump Market: Taxonomy
By Rated Flow
- Less
than10m3/h
- 10~20m3/h
- 20~40m3/h
- 40~80m3/h
- 80~150m3/h
- Above
150m3/h
By Applications
- Cooling
Water System
- Municipal
Water Supply and Boosting
- Irrigation
- Wastewater
Treatment
- Others
By Regions
- North
America
- Europe
- Asia
Pacific
- Latin
America
- Middle
East
- Africa
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