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Centrifugal Pump & Positive Displacement Pump Market Share & Market Analysis - Growth Trends & Forecasts for period from (2024 - 2031)

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The Global Centrifugal Pump & Positive Displacement Pump market is expected to grow annually by 8.5% (CAGR 2024 - 2031). The Global Market Overview of "Centrifugal Pump & Positive Displacement Pump Market" provides a special perspective on the major patterns influencing the market in the biggest markets as well as globally from 2024 to 2031 year.

Introduction to Centrifugal Pump & Positive Displacement Pump Market Insights

In the futuristic approach to gathering insights on the Centrifugal Pump & Positive Displacement Pump market, advanced technologies such as artificial intelligence and big data analytics are being leveraged. These technologies enable real-time data collection, analysis, and prediction of market trends with higher accuracy and efficiency. The potential impact of these insights is significant in shaping future market trends, driving innovation, optimizing production processes, and identifying new growth opportunities. The Centrifugal Pump & Positive Displacement Pump Market is expected to grow at a CAGR of % during the forecasted period, and these advanced insights will play a crucial role in helping companies stay ahead of the competition and capitalize on emerging opportunities in this rapidly growing market.

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Market Trends Shaping the Centrifugal Pump & Positive Displacement Pump Market Dynamics

1. Rising demand for energy-efficient pumps: Centrifugal and positive displacement pumps that are more energy-efficient are in high demand, as companies seek to reduce operating costs and decrease their carbon footprint.

2. Increasing adoption of smart pump technologies: The integration of smart technologies, such as sensors and IoT connectivity, is becoming more prevalent in the pump industry. This allows for real-time monitoring, predictive maintenance, and improved efficiency.

3. Growing focus on wastewater treatment: With the increasing global focus on environmental sustainability, there is a rising demand for pumps used in wastewater treatment processes. This trend is driving innovation in pump technology to address the specific requirements of this sector.

4. Emphasis on pump reliability and durability: Industries are placing greater importance on the reliability and durability of pumps, leading to the development of more robust and long-lasting pump designs. This trend is fueled by the need for reduced downtime and maintenance costs.

Market Segmentation:

This Centrifugal Pump & Positive Displacement Pump Market is further classified into Overview, Deployment, Application, and Region. 

In terms of Components, Centrifugal Pump & Positive Displacement Pump Market is segmented into:

  • Grundfos
  • Flowserve
  • ITT
  • KSB
  • Sulzer
  • Ebara
  • Schlumberger
  • Weir Group
  • Wilo AG
  • Idex
  • Pentair
  • Clyde Union
  • Vano
  • Atlas Copco
  • DAB
  • FNS Pumps
  • Allweiler
  • Shanghai Kaiquan
  • FengQiu
  • Shandong Sure Boshan
  • LEO
  • CNP
  • Sanlian Pump Group
  • Hunan Changbeng
  • Shanghai East Pump
  • Shandong Shuanglun
  • NETZSCH
  • PROCON
  • Blackmer Viking Pump Unibloc-Pump Lakeside Equipment CEMO Pumps Mingzhu M&E Huangshan RSP Hangzhou Xinglong Pump Nanjing Pump

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The Centrifugal Pump & Positive Displacement Pump Market Analysis by types is segmented into:

  • Axial Flow Pumps
  • Mixed or Radial Flow Pumps
  • Peripheral Pumps
  • Jet Pumps

Centrifugal pumps and positive displacement pumps are two main types of pumps in the market. Centrifugal pumps include axial flow pumps, mixed or radial flow pumps, peripheral pumps, and jet pumps. Axial flow pumps are designed for high flow rates, while mixed or radial flow pumps are suitable for medium flow rates. Peripheral pumps are used for low flow rates, and jet pumps are commonly used for deep well applications. Each type of pump serves different purposes based on flow rates and application requirements.

The Centrifugal Pump & Positive Displacement Pump Market Industry Research by Application is segmented into:

  • Domestic water and wastewater
  • Petroleum industrial
  • Chemical industrial
  • Food and beverage
  • Mining industrial
  • Others

Centrifugal pumps are commonly used in domestic water and wastewater applications, as well as in petroleum, chemical, food and beverage, mining, and various other industrial sectors. They are known for their efficiency in moving fluids at high flow rates. Positive displacement pumps, on the other hand, find significant application in the same markets due to their ability to deliver a constant flow rate and handle viscous fluids, making them suitable for applications where accuracy and consistency are crucial.

In terms of Region, the Centrifugal Pump & Positive Displacement Pump Market Players available by Region are:

North America:

  • United States
  • Canada

Europe:

  • Germany
  • France
  • U.K.
  • Italy
  • Russia

Asia-Pacific:

  • China
  • Japan
  • South Korea
  • India
  • Australia
  • China Taiwan
  • Indonesia
  • Thailand
  • Malaysia

Latin America:

  • Mexico
  • Brazil
  • Argentina Korea
  • Colombia

Middle East & Africa:

  • Turkey
  • Saudi
  • Arabia
  • UAE
  • Korea

The centrifugal pump market is expected to witness growth in North America, particularly in the United States and Canada, and in Europe, with Germany, France, the ., Italy, and Russia leading the way. In Asia-Pacific, countries like China, Japan, South Korea, India, and Australia are projected to see significant market growth, along with Indonesia, Thailand, and Malaysia. Latin America, including Mexico, Brazil, Argentina, and Colombia, is also expected to experience growth. Meanwhile, the Middle East & Africa region, including Turkey, Saudi Arabia, UAE, and Korea, will also see market expansion.

The regions expected to dominate the centrifugal pump market and its market share valuation are Asia-Pacific, particularly China with a dominant market share of around 45%, followed by North America with approximately 25% market share. Europe is expected to hold a market share of around 20%, while Latin America and the Middle East & Africa regions are projected to account for the remaining 10% of the market share.

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Centrifugal Pump & Positive Displacement Pump Market Expansion Tactics and Growth Forecasts

In order to expand the Centrifugal Pump & Positive Displacement Pump market, companies can explore innovative tactics like cross-industry collaborations and ecosystem partnerships. For example, collaborating with industries such as oil & gas, water treatment, and agriculture can help pump manufacturers tap into new markets and access a wider customer base. Ecosystem partnerships with technology companies can also provide opportunities for developing smart pumps with advanced monitoring and control features.

In terms of disruptive product launches, companies can introduce new pump technologies that offer improved efficiency, reliability, and sustainability. For example, the development of high-speed, low-energy pumps or pumps that can handle a wider range of fluids could disrupt the market and drive growth.

Overall, with the adoption of these strategies and the increasing demand for pumps in industries such as construction, manufacturing, and energy, the Centrifugal Pump & Positive Displacement Pump market is expected to witness substantial growth in the coming years. Forecasts suggest a CAGR of 4-6% over the next five years, with the market reaching a value of over $40 billion by 2025.

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Competitive Landscape

One of the leading players in the competitive centrifugal pump market is Grundfos. Founded in 1945, Grundfos is a Danish company that specializes in advanced pump solutions and water technology. The company has seen significant growth over the years and has established a strong presence in the global market. Grundfos' revenue for the fiscal year 2020 was approximately $ billion.

Another key player in the centrifugal pump market is Flowserve Corporation. Founded in 1997, Flowserve is an American multinational corporation that specializes in the manufacture and supply of pumps, valves, and seals. The company has a strong market presence and has experienced steady growth over the years. Flowserve's revenue for the fiscal year 2020 was approximately $3.5 billion.

In the positive displacement pump market, Viking Pump is a significant player. Viking Pump, founded in 1911, is an American company that specializes in the design and manufacture of positive displacement pumps for a variety of industries. The company has a long history of providing reliable pumping solutions and has expanded its market presence globally. Viking Pump's revenue for the fiscal year 2020 was approximately $500 million.

Overall, these companies, along with others in the market, have demonstrated strong growth and market presence, establishing themselves as key players in the centrifugal and positive displacement pump markets.

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