離心泵的全球市場規模預測（~ 2028 年）：按類型、容量、產品類型、最終用戶、地區分析
Centrifugal Pump - Global Market Outlook (2021 - 2028)
2020 年全球離心泵市場將達到 345.6 億美元，在預測期內以 7.9% 的複合年增長率增長，到 2028 年將達到 635 億美元。
According to Stratistics MRC, the Global Centrifugal Pump Market is accounted for $37.39 billion in 2021 and is expected to reach $64.92 billion by 2028 growing at a CAGR of 8.2% during the forecast period. Centrifugal pump is a mechanical device that is designed to increase the pressure of fluids during transportation. It converts the rotational kinetic energy to hydrodynamic energy, which is used for accelerating fluids, such as chemicals, water, wastewater, sludge treatment liquids, bleaches, oil and resins. The fluid enters the pump impeller, which is placed near the rotating axis and is accelerated and moved radially into a diffuser, from where it exits. Some of the common types of centrifugal pumps include single-stage, multi-stage, axial, submersible, circular flow and mixed flow pumps. These pumps offer steady delivery, convenience for operation, vertical or horizontal mounting, high-speed movements and minimal maintenance requirements.
Growing demand for water and wastewater management
The increasing product demand from the wastewater treatment sector is among the key factors driving the growth of the market. The water and wastewater treatment infrastructures are expected to develop significantly worldwide in the coming years. The modular designs of wastewater treatment plants have also reduced the initial massive investments, making them economically-viable solutions. These plants can readily be expanded as the capacity requirements of wastewater flow and treatment plants increase. The growing global population and increasing water usage across multiple industries are expected to promote the establishment of new water treatment plants globally, thereby enabling the growth of the water and wastewater sector. This, in turn, is expected to fuel the demand for centrifugal pumps. Moreover, the Clean Water Act (CWA) and the Safe Drinking Water Act (SDWA) are the two most important environmental laws governing water regulations in the US. These laws primarily require the US Environmental Protection Agency (EPA) to set regulatory standards for drinking water and approve various analytical methods to test the quality of drinking water and wastewater discharged into water bodies.
Cavitation refers to the process of formation of the vapor phase in a liquid when it is subjected to reduced pressures at a constant ambient temperature. Vapor bubbles that are formed within centrifugal pumps owing to inadequate liquid tend to move toward areas of high pressure within them to collapse under sufficient pressure and return to the liquid state. The implosion of these bubbles flakes off small portions of metal from impeller surfaces, resulting in low-frequency vibration and noise, along with extensive damage to centrifugal pumps. This impacts the performance of pumps, resulting in their reduced sales and high replacement costs. Thus, cavitation and dry-run related failures can hinder the growth of the centrifugal pump market.
Increased investments in wastewater treatment plants
Prominent countries in Asia Pacific, including China, Japan, and India, are witnessing increased population growth. Thus, the existing water resources in such countries are expected to be exhausted sooner than later. Moreover, the development of the water and wastewater sector in China is driving the demand for centrifugal pumps in Asia Pacific. Similarly, in India, the water and wastewater treatment market is thriving owing to strong policy support. The launch of AMRUT, a five-year plan to develop essential infrastructures in India, including water and wastewater treatment plants, is expected to propel the demand for centrifugal pumps in the country.
Increased competition from gray market players and unorganized sector
Gray market products pose serious challenges to brand owners by providing low-cost alternatives and cost-effective maintenance services. In the pump industry, these alternative products are provided by local and gray market players. The unorganized sector, which includes gray market players and local players, can overpower well-established companies in this market in terms of price competitiveness and an efficient local supply network. In emerging economies, such as India and China, the cost of centrifugal pumps is a key parameter considered during their procurement. It provides opportunities to the local players to offer substitutes for these pumps and similar products at comparatively low costs. Moreover, the proximity of local players to consumers results in their quick response to the requirements customers. This acts as an additional add-on for the purchase of alternative products manufactured locally. Thus, the easy availability of locally-manufactured alternative products restricts the entry of global manufacturers of centrifugal pumps in the local market and presents a challenge to the centrifugal pump market.
The electrical segment is expected to be the largest during the forecast period
The electrical segment is estimated to have a lucrative growth. The electrical centrifugal pump segment held a largest market size as these pumps can handle both solids & liquids and are used across numerous sectors to boost production. Electrical centrifugal pumps are typically used to pump liquid. They use an electric motor to drive the pump, which helps in increasing the fluid's kinetic energy. Electrical centrifugal pumps are used in different sectors, such as industrial, agricultural, and domestic. For instance, in the oil & gas industry, electrical centrifugal pumps are used to increase the flow of fluids from wells when a reservoir does not have enough energy to produce at economical rates naturally, and boost production to improve financial performance. The growth of this segment is due to its increasing demand attributed to high reliability and efficiency, and as it never has to be primed as it is already submerged in the fluid.
The single stage segment is expected to have the highest CAGR during the forecast period
The single stage segment is anticipated to witness the fastest CAGR growth during the forecast period. Single-stage centrifugal pump has only one impeller installed inside it and is designed as a relatively low head or low flow centrifugal pump. It is mostly used for sewage pumping, domestic, general industrial pumping, and slurry pumping. It is the most commonly used type of centrifugal pump and suitable for use when the total dynamic head (TDH) is low-to-moderate. The reliability and low maintenance costs of single-stage pumps in applications with moderate dynamic heads such as water pumping stations, which are some of the most common applications of centrifugal pumps, are expected to boost their demand for single-stage pumps across the globe.
Region with highest share:
North America is projected to hold the largest market share during the forecast period. The countries of North America such as the US have started the department of energy which states its plan for investment of USD hundred million for energy water desalination. This makes North America have the largest centrifugal pump market share. Also in their region, industrial sectors have consumed a large volume of water, there are depletions in the reservoir of underground water. In addition to this people believe in reusing water. Moreover, Canada has the world's third-largest oil reserves and is also the world's fourth-largest oil producer and exporter. There are numerous oil rigs and crude oil sources in the country which account for the demand. The chemical industry is another field of application which generates high figures of income in the centrifugal pumps market of Canada.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period owing to low manufacturing costs and the support of the local governments. Increasing investments in R&D is also one of the factors driving the centrifugal pumps market in Asia Pacific. According to the World Bank, Asia Pacific is the fastest-growing region in the world, experiencing continued economic growth. The International Monetary Fund (IMF) has deemed China and India to be two of the fastest-growing economies in the world. This is expected to increase industrial activities and population, which will, in turn, play a significant role in driving the demand for water & wastewater treatment plants and further boost the centrifugal pumps market in the region.
Key players in the market
Some of the key players profiled in the Centrifugal Pump Market include DESMI A/S, Ebara Corporation, Flowserve Corporation, Grundfos, HERMETIC-Pumpen GmbH, Kirloskar Brothers Ltd., Klaus Union GmbH & Co. KG, KSB Group, Shakti Pump, Sulzer AG, Tsurumi Manufacturing Co., Ltd., Wier Group, WILO SE, WPIL Limited, and Xylem Inc.
In April 2021, Xylem Inc., forged a partnership with Esri, the global leader in location intelligence. The two companies serve utilities around the world. Working together, the two companies will pursue joint technical road mapping, solution development, joint marketing and collaborative selling.
In June 2021, Kirloskar Brothers Limited announced the launch of a new manufacturing division -Advanced Technology Product Division for nuclear end use applications including specialized pumps.
In May 2020, Wilo has expanded its presence with the establishment of a new headquarter and production facility in Cedarburg, Wisconsin, US. The new headquarters will bring the combined operations of Wilo USA, Weil Pump, Scot Pump, and Wilo Machine Co. to a single production site.
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Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.