Centrifugal Water Pump Market
Centrifugal Water Pump Market:- The rising urbanization rate in several countries is fueling the demand for centrifugal water pumps across the world. For instance, in India, the urban population is predicted to rise to 404 million by 2050. Similarly, in China, the population of people living in urban areas is predicted to increase to 292 million by 2050. This growth in urban population will generate pressure on the already existing water supply network and infrastructure, that includes wastewater treatment facilities and utility water supply.
This is making several governments in Africa and Asia implement drinking water schemes and increase their irrigation spending. Moreover, there has been a sharp rise in the usage of water pumps during the past few years, especially in the urban households. The lifestyles of the people living in the urban areas is very modern and fast-paced as compared to the lifestyles of the rural people. Urban people mainly use water pumps for operating jacuzzi, shower panels, and bathtubs.
Population Action International
Besides the above-mentioned factors, the increasing water scarcity in various countries is also propelling the worldwide sales of centrifugal water pumps. As per the Population Action International, water scarcity is affecting nearly 2.8 billion of the global population in as many as 48 countries (including nearly 40 countries in West Asia, North Africa, and Sub-Saharan Africa). The growing water scarcity in these countries is pushing up the requirement for several new water sources.
This is augmenting the requirement for water pumps that can offer high efficiency and capacity. Additionally, the governments of many countries are implementing policies that are making water recycling and reusing necessary for commercial enterprises. Apart from this, the rapid expansion of the construction industry is also positively impacting the global demand for centrifugal water pumps. Due to these factors, the global centrifugal water pump market is recording huge expansion.
major end-use industries
Chemical, energy, oil and gas, and municipal water and waste water are the major end-use industries of centrifugal water pumps. Out of these, the usage of centrifugal water pumps was found to be the highest in the municipal water and waste water industry during the last few years, as per the observations of the market research company, P&S Intelligence. In the coming years, the requirement for these water pumps will increase significantly in the municipal water and waste water industry.
Globally, the centrifugal water pump market is predicted to register huge expansion in the Asia-Pacific (APAC) region in the upcoming years. The prominent factors propelling the sales of centrifugal water pumps in this region are the rising urbanization rate, rapid industrialization and surging disposable income of the people living in the regional countries such as China and India. In APAC, the sales of centrifugal water pumps will boom in India in the coming years.
The worldwide population is expected to grow to 10.9 billion by 2100 from 7.7 billion in 2019, says the United Nations (UN) in its World Population Prospects 2019 report. Along with food and air, water is the most important for the survival of the human species. But, with the rising population, the availability of clean water for drinking and other household purposes is reducing. “2.3 billion people live in water-stressed countries, of which 733 million live in high and critically water-stressed countries.”, says the UN.
As per P&S Intelligence
As per P&S Intelligence, the increasing demand for this precious resource will drive the centrifugal water pump market in the coming years. In such pumps, a rotating disc with blades (known as vanes), much like a turbine (but working opposite to it), pushes water forward. This, along with easy availability and cost-effectiveness, is why centrifugal variants are the most-popular type of domestic pumps in the world. Moreover, the design of this pump is simple, and it can accommodate numerous types of heads, for varying capacities.
This is the reason that among all sectors, including municipal water and wastewater, oil and gas, and chemical and energy, these pumps are used in the largest numbers in the municipal water and wastewater sector. Considering the widespread water pollution, water cannot be directly taken out of a waterbody or from beneath the ground and consumed. This is why a certain degree of treatment is necessary, which is why most cities and towns have municipal water departments that treat the water and then pump it across the area they serve.
Similarly, due to the global outcry on water pollution, which is the key reason for water scarcity, the effluents generated by industries and houses cannot be just discharged into lakes, rivers, ponds, and seas. They need to be properly treated and cleaned, to be, ideally, utilized again. This is why governments around the world are building wastewater treatment plants of several million liters in capacity. This is driving the demand for utility-scale centrifugal water pumps around the world, especially in emerging economies, which, due to the low strictness of water laws, have been discharging massive volumes of untreated effluents into waterbodies.
largest centrifugal water pump market
Due to all these reasons, Asia-Pacific (APAC) is the largest centrifugal water pump market currently. Even though only 35% and 61% of the Indian and Chinese populations lived in cities in 2020, as per the World Bank, their absolute urban population is the highest in the world. This is why these countries’ cities’ demand for potable water is the highest. Even otherwise, they are the two most-populated countries in the world; much of their rural population is not connected to a municipal water supply system, which is why a large number of people use individual centrifugal pumps at their houses.
Moreover, APAC also accounts for the highest industrial production and large-scale construction. With water being important in these sectors, the demand for industrial-grade centrifugal pumps is booming. As high-rises are being built in large numbers, the demand for pumps at construction sites is increasing so that water can be lifted to the higher storeys. Same is the reason that after the buildings and their individual units are leased out, water pumps are installed to aid in the human consumption of water.
Thus, with the burgeoning population, the installation of centrifugal water pumps will increase.
Hence, it can be safely said that the demand for centrifugal water pumps will shoot-up across the world in the coming years, mainly because of the rising urbanization and the increasing water scarcity in several countries.
Table of content
Chapter 1. Research Scope & Methodology
1.1 Market Definition
1.2 Market Scope
1.2.1 Global centrifugal water pump market breakdown by end-user
1.2.2 Global centrifugal water pump market breakdown by geography
1.3 Research Methodology and Sources
Chapter 2. Executive Summary
2.1 Key Findings
2.2 Research Summary
Chapter 3. Market Outlook
3.2 Trends in the Global Centrifugal Water Pump Market
3.2.1 Increasing number of merger and acquisition activity in water pump market
3.3 Opportunities in the Global Centrifugal Water Pump Market
3.3.1 Emerging markets offering prospects for centrifugal water pump manufacturers
3.4 Factors Driving Growth of the Market and its Impact on Market Forecast
3.4.1 Increasing level of urbanization
3.4.2 Rapid industrialization in developing economies
3.4.3 Growing water scarcity
3.4.4 Growing construction industry and rising disposable income
3.4.5 Impact analysis of drivers on market forecast
3.5 Factors Hindering Growth of the Market and its Impact on Market Forecast
3.5.1 Growing threat from unorganized players in Asia-Pacific
3.5.2 Impact analysis of restraints on market forecast
Chapter 4. Global Centrifugal Water Pump Market Size and Forecast
4.1 Global Centrifugal Water Pump Market, by End-User
4.1.1 Municipal water and wastewater
4.1.3 Oil and gas
4.2 Global Centrifugal Water Pump Market, by Region
Chapter 5. Global Centrifugal Water Pump Market, by Geography
5.1 North America Centrifugal Water Pump Market
5.1.1 North America centrifugal water pump market, by end-user
5.1.2 North America centrifugal water pump market, by country
188.8.131.52 U.S. centrifugal water pump market
184.108.40.206.1 U.S. centrifugal water pump market, by end-user
220.127.116.11 Canada centrifugal water pump market
18.104.22.168.1 Canada centrifugal water pump market, by end-user
5.2 Europe Centrifugal Water Pump
5.2.1 Europe centrifugal water pump, by end-user
5.2.2 Europe centrifugal water pump, by sub- region
22.214.171.124 Western Europe centrifugal water pump
126.96.36.199.1 Western Europe centrifugal water pump, by end-user
188.8.131.52 Eastern and Central Europe centrifugal water pump
184.108.40.206.1 Eastern and Central Europe water pump market, by end-user
5.3 Asia-Pacific Centrifugal Water Pump
5.3.1 Asia-Pacific centrifugal water pump, by end-user
5.3.2 Asia-Pacific centrifugal water pump, by country
220.127.116.11 China centrifugal water pump
18.104.22.168.1 China centrifugal water pump, by end-user
22.214.171.124 India centrifugal water pump
126.96.36.199.1 India centrifugal water pump, by end-user
5.4 Rest of the World (RoW) Centrifugal Water Pump
5.4.1 Rest of the World centrifugal water pump, by end-user
5.4.2 Rest of the World centrifugal water pump, by country
188.8.131.52 Brazil centrifugal water pump
184.108.40.206.1 Brazil centrifugal water pump, by end-user
220.127.116.11 South Africa centrifugal water pump
18.104.22.168.1 South Africa centrifugal water pump, by end-user
22.214.171.124 Saudi Arabia centrifugal water pump
126.96.36.199.1 Saudi Arabia centrifugal water pump , by end-user
Chapter 6. Competitive Positioning Analysis
6.1 Porter’s Five Forces of Competitive Position Analysis
6.1.1 Bargaining power of buyers
6.1.2 Bargaining power of suppliers
6.1.3 Threat of new entrants
6.1.4 Intensity of rivalry
6.1.5 Threat of substitutes
6.2 Competitive Positioning of Global Centrifugal Water Pump, by End-User
Chapter 7. Company Profiles and Strategic Developments
7.1 Key Company Profiles
7.1.1 Flowserve Corporation
188.8.131.52 Business overview
184.108.40.206 Product and service offerings
7.1.2 Ebara Corporation
220.127.116.11 Business overview
18.104.22.168 Product and service offerings
7.1.3 Sulzer Ltd.
22.214.171.124 Business overview
126.96.36.199 Product and service offerings
7.1.4 Grundfos Holding A/S
188.8.131.52 Business overview
184.108.40.206 Product and service offerings
7.1.5 Kirloskar Brothers Limited
220.127.116.11 Business overview
18.104.22.168 Product and service offerings
7.1.6 KSB Aktiengesellschaft
22.214.171.124 Business overview
126.96.36.199 Product and service offerings
7.1.7 Gardner Denver, Inc.
188.8.131.52 Business overview
184.108.40.206 Product and service offerings
7.1.8 ITT Corporation
220.127.116.11 Business overview
18.104.22.168 Product and service offerings
7.1.9 Torishima Pump Mfg. Co.
22.214.171.124 Business overview
126.96.36.199 Product and service offerings
7.1.10 The Weir Group PLC
188.8.131.52 Business overview
184.108.40.206 Product and service offerings
7.2 Strategic Developments in the Centrifugal Water Pump
7.2.1 Merger & acquisition
7.2.2 Product launch
7.2.3 Contract/ client win
7.2.4 New establishment
7.2.5 Other developments
Chapter 8. Appendix
8.1 List of Abbreviations