Reports and Data have recently published a novel research report on the Global Centrifugal Pump Market covering the current market scenario and market developments between 2018 and 2026. The report offers an in-depth analysis of historical and latest market trends along with revenue growth, market size, drivers, restraints, limitations, and opportunities. The report is well-curated using statistical methods such as SWOT analysis and Porter’s Five Force and presented using tables, graphs, charts, figures, and other pictorial representations to help users understand the market dynamics. The data is collected using extensive primary and secondary research which is evaluated by experts and professionals in the industry.
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Growing construction, automotive, and manufacturing industries are expected to raise the demand for Centrifugal Pump in the Asia Pacific region. The Indian government has passed a policy for the promotion of FDI investment in the oil and gas sector. This will increase the production of petrochemicals and polymers in the country, hence propelling the demand in this region. Increased investment in desalination plants and wastewater is also expected to increase the sale of Centrifugal Pump. Centrifugal Pumps are also in high demand from the power generation sector.
Market Overview:
A substance or mixture of substances that make up an object is referred to as a material. Materials are used as inputs in manufacturing processes to create goods or more complex materials in the industry. The chemical industry is made up of businesses that manufacture industrial chemicals. Chemical reactions and refining technologies are used in this industry to convert basic resources including oil, air, water, natural gas, metals, and minerals into thousands of different products. The materials and chemicals sector trends range from solutions for lightweight, sustainability, surface engineering, 3D printing, nano-formulations (biomaterials), and developing advanced composites to meet the current industry demands.
Increasing demand for essential consumer products including soaps, detergents, perfumes, etc., growing production of environmentally sustainable chemicals and raw materials, and technological advancements in chemical and material manufacturing processes are some of the key factors driving the growth trend of the global materials chemicals market. Rapidly surging demand for organic chemicals and high-performance specialty chemicals in the oil gas, pharmaceutical, pulp paper, personal care cosmetics, food beverage, agriculture, and textile industries is another important parameter for market growth.
Top Key Players: Flowserve Corporation (U.S.), Grundfos Holding A/S (Denmark), ITT Inc. (U.S.), Suzler Ltd. (Switzerland), Titan Manufacturing Inc. (U.S.), Ebara Corp. (Japan), Weir Group PLC (Scotland), Schlumberger Ltd. (U.S.), Baker Hughes Inc. (U.S.), and Clyde Union Inc. (Scotland) among others.
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Type Outlook (Revenue, USD Million; 2018-2026)
Centrifugal Pumps
Reciprocating Centrifugal Pump
Rotary Centrifugal Pump
Diaphragm Centrifugal Pump
End Users Outlook (Revenue, USD Million; 2018-2026)
Construction
Water and wastewater
Chemicals
Oil Gas
Power Generation
Others
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