Dec 13, 2018   SOURCE: BusinessWire

Global Centrifugal Pumps Market: Growth, Trends, and Forecast (2018-2023) - Rising Demand from the Water & Wastewater Sector - ResearchAndMarkets.com

The "Global Centrifugal Pumps Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global centrifugal pumps market has witnessed some volatility in its demand in the past few years mainly due to the downturn in the oil & gas upstream sector.

However, the industry has started to recover in 2017 with an increase in spending and outlook is seems to be positive on account of increasing crude oil price and an increase in activity, especially in North America.

Increasing concern towards wastewater treatment has been one of the major drivers in the past few years, which has helped to reduce the level of shock from oil & gas industry.

The commercial HVAC sector is expanding faster than any other industries and the growth in demand for centrifugal pumps in the commercial HVAC sector is expected to be the fastest in the Asia-pacific region.

In the Middle East & Africa region, Qatar is expected one of the largest markets in the recent years on the back of its initiative to diversify its economy and preparations for the upcoming World Cup.

Key Highlights

  • Rising Demand from Water & Wastewater Sector is Driving the Market
  • Asia-Pacific to Dominate the Centrifugal Pumps Market Share

Market Developments

  • Dover Corporation planned to spin off its upstream energy businesses within the Energy segment known as Wellsite. The new entity will be a standalone publicly traded company focused on providing a full range of oil & gas production technologies and solutions.

Companies Featured

  • Flowserve Corporation
  • Grundfos Holding A/S
  • KSB AG
  • ITT Inc.
  • Sulzer Ltd.
  • Ebara Corp.
  • Weir Group plc
  • Schlumberger Ltd.
  • Baker Hughes Inc.
  • Clyde Union Inc.
  • Dover Corporation

Topics Covered

1. Executive Summary

2. Research Methodology

3. Centrifugal Pumps Market Overview

4. Market Dynamics

5. Centrifugal Pumps Market Supply Chain Analysis

6. Industry Attractiveness - Porter's Five Force Analysis

7. Market Segmentation and Analysis

8. Regional Market Analysis

9. Key Company Analysis

10. Centrifugal Pumps Market Competitive Landscape

11. Future of the Centrifugal Pumps Market

For more information about this report visit https://www.researchandmarkets.com/research/vsch5j/global?w=4