- The key vendors in The Global Centrifugal Pump market are Flowserve Corp., ITT Corp., KSB AG and Sulzer Ltd.
London, 07 August 2014: TechNavio, an independent tech-focused global research firm, announced today the publication of its market research report on the Global Centrifugal Pumps Market 2014-2018. The report outlines the emerging trends in the market such as the development of micro disc pump technology. Moreover, emerging trends such as miniaturization, portability, and discrete operation drive the demand for small, silent, energy-efficient, and high-performance pumps within the market.
Centrifugal pumps are widely accepted globally by various end-user industries such as Mining, Oil and Gas Production, Oil Refining, Chemical Industry, Power Generation, Food and Beverage, Machinery, Marine, Water and Sewerage, Agriculture, and Construction. Several countries such as India and China are focusing on the development of their infrastructure along with urbanization to meet the demands of the growing population.
“The Global Centrifugal Pump market will witness maximum growth in East Asia, driven by the commissioning of more power plants, new infrastructure, and the presence of heavy industries,” says Faisal Ghaus, Vice President of TechNavio Research.
“The growth will be driven mostly by the APAC region, especially China and India. The major demand in these two countries is fueled by the Waste Water Treatment industry, followed by the Power, Oil and Gas, and Chemical and Petrochemical industries.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
