Centrifugal Pump Market Segmentation:
Type Segment Analysis
The single-stage pumps segment is predicted to gain the largest centrifugal pump market share of 35.2% during the projected period by 2035, due to their cost-effectiveness and efficient low-pressure performance. These pumps are widely used in agriculture, construction services, and light industrial applications where high flow rates at reasonable pressures are essential. With updated standards promoting their use, the U.S. Department of Energy emphasizes their role in energy-efficient fluid handling. Several industries prefer them over two-stage solutions due to their simple design, ease of maintenance, and reliability. Single-stage pumps should remain the dominant subsegment since companies prioritize cost savings in operation as number one.
End use Segment Analysis
The water and wastewater segment is anticipated to constitute the most significant growth by 2035, with 28.2% market share, due to rapid urbanization and strict government restrictions on wastewater management, which will likely make the centrifugal pump market dominated by the water and wastewater industry. The NRCP has addressed polluted stretches on 34 rivers located in 77 towns in 16 states in India, with a sanctioned cost for the project of Rs 5961.75 crore, for which sewage treatment capacity of 2677 million liters per day (mld) has been established. Under the Namami Gange program, there are a total of 353 projects sanctioned for a cost of Rs 30458 crore, which involves sewage treatment in 157 projects for 4952 mld and a sewer network of 5212 kms. Moreover, stressing worldwide efforts to increase access to clean water, especially in developing countries, the World Health Organization helps to fuel demand for effective pumping solutions. Ensuring ongoing market expansion, municipalities and industrial users are increasingly using centrifugal pumps for wastewater treatment, desalination, and water distribution.
Application Segment Analysis
The industrial process segment is anticipated to constitute the most significant growth by 2035, with 20.2% centrifugal pump market share, due to the chemical, oil & gas, food & beverage, and power generation industries, which involve fluid handling and transferring at large volumes constantly, and are involved in the moving of liquids and fluids under controlled pressure. Because the industries involved also have continuous demand and expansion in both the manufacturing and energy sectors, these industries all have the highest pump consumption compared to irrigation, potable water supply, and cooling water projects, making industrial pumps an important contributor to global revenue.
Our in-depth analysis of the centrifugal pump market includes the following segments:
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