Market Overview:
The global ASME centrifugal pumps market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for these pumps from various end-use industries, such as oil and gas, chemical, general manufacturing, and others. In addition, the growing awareness about energy efficiency is also propelling the growth of this market. Based on type, the global ASME centrifugal pumps market can be segmented into horizontal ASME pumps and vertical ASME pumps. The horizontal ASME pump segment is expected to account for a larger share of the global market than the vertical ASME pump segment during the forecast period.
Product Definition:
A centrifugal pump is a type of pump that uses centrifugal force to push fluid through a pipe. The fluid enters the pump at the center of the impeller, and is forced outwards towards the edge of the impeller. This causes it to move faster than the surrounding fluid, which creates a pressure difference between the center and edge ofthe impeller.
Horizontal ASME Pumps:
Horizontal ASME pumps are used to transfer fluids in horizontal or vertical directions. Horizontal ASME pumps can be single-stage, multi-stage, and rotary. The most commonly used horizontal ASME pump is the single-stage pump which has a capacity of up to 10 M3/HR.
Vertical ASME Pumps:
Vertical ASME pumps are used in the oil & gas industry for moving fluids at high rates of speed and with significant force. These vertical pumps can be used to move liquids in a horizontal or inclined position. They are mainly designed to work under severe conditions, where other types of pumps would fail. Vertical ASME centrifugal pump is driven by a spinning rotor that creates pressure inside the pump casing, which increases its suction lift and reduces its discharge flow resistance.
Application Insights:
The general manufacturing segment dominated the global centrifugal pumps market in 2017, accounting for over 30.0% of the overall revenue share. The growth can be attributed to increasing demand for chemical products across various industries such as oil and gas, general manufacturing and others. Centrifugal pumps are used in several applications including oil & gas, chemical, food processing and paper mills among others.
Increasing product demand from emerging economies such as China Japan India has resulted in a shift of production facilities to low-cost areas thus driving manufacturers toward regional or local distribution channels thereby affecting General Manufacturing industry growth positively over the forecast period.
Regional Analysis:
Asia Pacific dominated the global centrifugal pumps market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Malaysia. These countries are experiencing strong economic growth owing to various factors such as increasing population, rising disposable income of consumers and businesses along with government support for infrastructure development.
The Asia Pacific region has a large number of oil & gas producing companies that are actively involved in exploration activities across different regions worldwide. This factor is anticipated to have a positive impact on the demand for centrifugal pumps over the next eight years or so.
In terms of volume consumption; Europe was at par with Latin America in 2017 due to high demand from chemical manufacturing sector located mainly across Russia followed by Turkey.
Growth Factors:
- Increasing demand from the power sector for efficient and reliable pumping solutions is expected to drive the centrifugal pumps market growth.
- Rising investments in infrastructure development, especially in developing countries, is anticipated to boost the demand for centrifugal pumps over the forecast period.
- Growing awareness about energy-efficient pump technologies is projected to propel the market growth during the forecast period.
- Rapid industrialization and urbanization are expected to create opportunities for centrifugal pumps manufacturers in Asia Pacific region during 2016-2022 timeframe . 5 Emerging economies such as India and China are likely to be key markets for centrifugal pumps over next five years owing to increasing investments by private players in various end-user industries such as oil & gas, water & wastewater treatment, power generation etc
Scope Of The Report
Report Attributes
Report Details
Report Title
ASME Centrifugal Pumps Market Research Report
By Type
Horizontal ASME Pumps, Vertical ASME Pumps
By Application
Oil and Gas, Chemical, General Manufacturing, Others
By Companies
KSB, Flowserve, Ruhrpumpen Group, Pentair, Xylem, Sulzer, Grundfos, WILO, Torishima, Sundyne, CECO Environmental, Ebara Corporation, Richter, Kaiquan
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
197
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global ASME Centrifugal Pumps Market Report Segments:
The global ASME Centrifugal Pumps market is segmented on the basis of:
Types
Horizontal ASME Pumps, Vertical ASME Pumps
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Oil and Gas, Chemical, General Manufacturing, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- KSB
- Flowserve
- Ruhrpumpen Group
- Pentair
- Xylem
- Sulzer
- Grundfos
- WILO
- Torishima
- Sundyne
- CECO Environmental
- Ebara Corporation
- Richter
- Kaiquan
Highlights of The ASME Centrifugal Pumps Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Horizontal ASME Pumps
- Vertical ASME Pumps
- By Application:
- Oil and Gas
- Chemical
- General Manufacturing
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the ASME Centrifugal Pumps Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
ASME centrifugal pumps are used to move fluids and slurries in a variety of industrial and commercial applications. These pumps use the principles of centrifugal force to create a rotating motion that transfers energy from the input fluid or slurry to the output fluid or product.
Some of the key players operating in the asme centrifugal pumps market are KSB, Flowserve, Ruhrpumpen Group, Pentair, Xylem, Sulzer, Grundfos, WILO, Torishima, Sundyne, CECO Environmental, Ebara Corporation, Richter, Kaiquan.
The asme centrifugal pumps market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ASME Centrifugal Pumps Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 ASME Centrifugal Pumps Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ASME Centrifugal Pumps Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the ASME Centrifugal Pumps Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global ASME Centrifugal Pumps Market Size & Forecast, 2020-2028
4.5.1 ASME Centrifugal Pumps Market Size and Y-o-Y Growth
4.5.2 ASME Centrifugal Pumps Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Horizontal ASME Pumps
5.2.2 Vertical ASME Pumps
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Oil and Gas
6.2.2 Chemical
6.2.3 General Manufacturing
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ASME Centrifugal Pumps Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 ASME Centrifugal Pumps Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Horizontal ASME Pumps
9.6.2 Vertical ASME Pumps
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Oil and Gas
9.10.2 Chemical
9.10.3 General Manufacturing
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Horizontal ASME Pumps
10.6.2 Vertical ASME Pumps
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Oil and Gas
10.10.2 Chemical
10.10.3 General Manufacturing
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Horizontal ASME Pumps
11.6.2 Vertical ASME Pumps
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Oil and Gas
11.10.2 Chemical
11.10.3 General Manufacturing
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Horizontal ASME Pumps
12.6.2 Vertical ASME Pumps
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Oil and Gas
12.10.2 Chemical
12.10.3 General Manufacturing
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Horizontal ASME Pumps
13.6.2 Vertical ASME Pumps
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Oil and Gas
13.10.2 Chemical
13.10.3 General Manufacturing
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 ASME Centrifugal Pumps Market: Competitive Dashboard
14.2 Global ASME Centrifugal Pumps Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 KSB
14.3.2 Flowserve
14.3.3 Ruhrpumpen Group
14.3.4 Pentair
14.3.5 Xylem
14.3.6 Sulzer
14.3.7 Grundfos
14.3.8 WILO
14.3.9 Torishima
14.3.10 Sundyne
14.3.11 CECO Environmental
14.3.12 Ebara Corporation
14.3.13 Richter
14.3.14 Kaiquan
