DUBLIN--(BUSINESS WIRE)--Jul 13, 2018--The "Centrifugal Pump Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.

The report on global centrifugal pump market provides qualitative and quantitative analysis for the period of 2016 to 2024. The report predicts the global centrifugal pump market to grow with a CAGR of 5.9% over the forecast period of 2018-2024.

The study on centrifugal pump market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific and RoW for the period of 2016 to 2024.

Key factors responsible for driving the centrifugal pump market includes use of centrifugal pumps in wastewater treatment plant. With increasing number of wastewater treatment plants to overcome the pervasive storage of water the demand for centrifugal pump would increase. In addition, rapid urbanization across the globe would also augment the market growth.

However, the Centrifugal pumps market is expected to face certain challenges owing stagnancy in oil and gas industries. Market players are focusing on development of energy efficient pumps because of increasing energy costs and growing environmental awareness among end users.

Asia Pacific has the highest market share in 2017 and is expected to increase its dominance over the forecast period. Large number of Chinese players in the market manufacturing low priced centrifugal products are responsible for driving growth in this region.

Moreover the growth in various end-use industries such as Manufacturing, Industrial, Chemicals, Pharmaceutical, Food Production, waste management and agriculture in Asia pacific region too would augment the market growth. North America and Europe to grow at steady growth rate throughout the forecast period.

The report on centrifugal pump market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global centrifugal pump market over the period of 2016 to 2024. Moreover, the report is collective presentation of primary and secondary research findings.

Companies Mentioned

Flowserve Corporation KSB AG Sulzer AG Ebara Corporation Grundfos Holding A/S Xylem Inc ITT Inc. The Weir Group PLC Wilo SE Tsurumi Manufacturing Co., Ltd

For more information about this report visit https://www.researchandmarkets.com/research/r4tc6q/centrifugal_pump?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180713005414/en/

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Related Topics:Pumps

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING OTHER MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 07/13/2018 01:49 PM/DISC: 07/13/2018 01:49 PM

http://www.businesswire.com/news/home/20180713005414/en