Global Centrifugal Pump Market Projected to Reach 34900 Million US$ by 2025, at a CAGR of 2.4%

This study focuses on the production side and consumption side of Centrifugal Pump, presents the global Centrifugal Pump market size by manufacturers, regions, type and application, history breakdown data from 2013 to 2018, and forecast to 2025.

Los Angeles, United States - October 2, 2018 /MarketersMedia/ —

In terms of production side, this report researches the Centrifugal Pump capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.

In terms of consumption side, this report focuses on the consumption of Centrifugal Pump by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.

Centrifugal pumps are a sub-class of dynamic axisymmetric work-absorbing turbo machinery. Centrifugal pumps are used to transport fluids by the conversion of rotational kinetic energy to the hydrodynamic energy of the fluid flow. The rotational energy typically comes from an engine or electric motor. The fluid enters the pump impeller along or near to the rotating axis and is accelerated by the impeller, flowing radially outward into a diffuser or volute chamber (casing), from where it exits. Common uses include water, sewage, petroleum and petrochemical pumping.

China is the dominate producer of centrifugal pump, the production was 89199 K Unit in 2015, accounting for about 58.19% of the total amount, followed by Europe, with the production market share of 17.94%. And China expected to remain the regions with the largest growth potential in the forecast period. Even though a huge space for growth in the Chinese market exists, the quality and technology should be further improved.

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At present, in the foreign industrial developed countries the centrifugal pump industry is generally at a more advanced level, the world's large enterprises are mainly concentrated in the Europe and North America, etc. accounted for most of the international market share. Meanwhile, these companies have more advanced equipment, strong R&D capabilities; the technical level is in a leading position. But foreign companies’ manufacturing cost is relatively high, compared with Chinese companies, the manufacturing cost is competitive disadvantage, as the Chinese centrifugal pump production enterprise technology continues to improve, their share in the international market is increasing, competitiveness in the international market gradually increase.

The industrial concentration of the whole industry is generally lower. Manufacturers are distributed around the world. Leading players in centrifugal pump industry are Grundfos, KSB, Sulzer, Ebara. Grundfos is the largest manufacturer, with the production market share of 2.59% in 2015. The top four companies occupied about 7.56% production share of the market in 2015.

Domestic water and wastewater accounted for the largest market with about 36.10% of the global consumption volume for centrifugal pump in 2015. Moreover, it is anticipated to grow at a CAGR of 2.94% from 2017 to 2022. With over 27.79% share in the centrifugal pump market, petroleum industry was the second largest application market in 2015, and is anticipated to grow at a CAGR of 4.69%, in terms of consumption volume, from 2017 to 2022.

Under the influence of raw material, market competitions and economic conditions, the price of centrifugal pump was lower year by year from 195 USD/Unit in 2011 to 180 USD/Unit in 2015. The profit margin is relatively high, about 33.51% in 2015, and was also descends in recent years. In the next few years, we predict that price will continue to decline. As competition intensifies, prices gap between different brands will go narrowing.

The Centrifugal Pump market was valued at 28800 Million US$ in 2017 and is projected to reach 34900 Million US$ by 2025, at a CAGR of 2.4% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Centrifugal Pump.

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This report includes the following manufacturers; we can also add the other companies as you want.

Grundfos

Flowserve

ITT

KSB

Sulzer

Ebara

Schlumberger

Weir Group

Wilo AG

Idex

Pentair

Clyde Union

Vano

Atlas Copco

DAB

FNS Pumps

Allweiler

Shanghai Kaiquan

FengQiu

Shandong Sure Boshan

LEO

CNP

Sanlian Pump Group

Hunan Changbeng

Shanghai East Pump

Shandong Shuanglun

Market Segment by Product Type

Axial Flow Pumps

Mixed/Radial Flow Pumps

Peripheral Pumps

Jet Pumps

Market Segment by Application

Domestic water and wastewater

Petroleum industry

Chemical industry

Food and beverage

Mining industry

Others

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