PUBLISHER: Lucintel | PRODUCT CODE: 1418022
PUBLISHER: Lucintel | PRODUCT CODE: 1418022
Direct-Coupled Centrifugal Pump Trends and Forecast
The future of the direct-coupled centrifugal pump market looks promising with opportunities in the industrial, architecture, and agriculture markets. The global direct-coupled centrifugal pump market is expected to grow with a CAGR of 6.6% from 2024 to 2030. The major drivers for this market are increasing demand from industrial applications, such as manufacturing, petrochemical, and water treatment industries and growing adoption of energy-efficient pumps.
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Direct-Coupled Centrifugal Pump by Segment
The study includes a forecast for the global direct-coupled centrifugal pump by type, application, and region.
List of Direct-Coupled Centrifugal Pump Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies direct-coupled centrifugal pump companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the direct-coupled centrifugal pump companies profiled in this report include-
Direct-Coupled Centrifugal Pump Market Insights
Lucintel forecasts that single stage will remain the larger segment over the forecast period as it is compact and can be easily installed and maintained.
Within this market, industrial will remain the largest segment due to increasing usage of these pumps in wide range of industrial applications, such as chemical processing, power generation, oil and gas, mining, and manufacturing.
APAC is expected to witness highest growth over the forecast period due to rapid industrialization and urbanization and growing focus towards water and wastewater management in the region.
Features of the Direct-Coupled Centrifugal Pump Market
Market Size Estimates: Direct-coupled centrifugal pump market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Direct-coupled centrifugal pump market size by various segments, such as by type, application, and region in terms of value ($B).
Regional Analysis: Direct-coupled centrifugal pump market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the direct-coupled centrifugal pump market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the direct-coupled centrifugal pump market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the growth forecast for the global direct-coupled centrifugal pump market?
Answer: The global direct-coupled centrifugal pump market is expected to grow with a CAGR of 6.6% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the direct-coupled centrifugal pump market?
Answer: The major drivers for this market are increasing demand from industrial applications, such as manufacturing, petrochemical, and water treatment industries and growing adoption of energy-efficient pumps.
Q3. What are the major segments for direct-coupled centrifugal pump market?
Answer: The future of the direct-coupled centrifugal pump market looks promising with opportunities in the industrial, architecture, and agriculture markets.
Q4. Who are the key direct-coupled centrifugal pump market companies?
Answer: Some of the key direct-coupled centrifugal pump companies are as follows.
Q5. Which direct-coupled centrifugal pump market segment will be the largest in future?
Answer: Lucintel forecasts that single stage will remain the larger segment over the forecast period as it is compact and can be easily installed and maintained.
Q6. In direct-coupled centrifugal pump market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rapid industrialization and urbanization and growing focus towards water and wastewater management in the region.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.