According to a market report by Lucintel, the future of the global centrifugal pump market looks promising with opportunities in the industrial, commercial, and residential markets. The global centrifugal pump market is expected to reach an estimated $52.5 billion by 2030 from $38.5 billion in 2024,at a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are increasing demand for this pump in agricultural sector, rising number of home and business building, and escalating adoption of solar water pumps.

A more than 150-page report to understand trends, opportunity and forecast in centrifugal pump market to 2030 by type (overhung impeller, between bearing, and vertically suspended), operation type (electrical, hydraulic, and air-driven), stage (single stage and multistage), end use (industrial, commercial, and residential), and region (North America, Europe, Asia Pacific, and the Rest of the World).

Lucintel forecast that, within the type category, overhung impeller is expected to witness the highest growth over the forecast period due to its diverse configurations and compact nature making it highly versatile and well-suited for various industries.

Within the end use category, industrial will remain the largest segment over the forecast period.

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In terms of regions, APAC is expected to witness highest growth over the forecast period due to continual population growth, increasing demand for food production, and presence of key manufacturing sectors in the region.

Grundfos, Flowserve, KSB, Xylem, Sulzer, Wilo, ITT, CIRCOR International, EBARA, Weir are the major suppliers in the centrifugal pump market.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]To get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056

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