VERTICAL MULTISTAGE CENTRIFUGAL PUMP MARKET ANALYSIS

Global Vertical Multistage Centrifugal Pump Market: Regional Insights

On the basis of region, the global vertical centrifugal pump market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa. Asia Pacific accounted for the largest market share in 2017 and is expected to be dominant over the forecast period. The key factor attributed to growth of the market is rising infrastructure development activities, especially in emerging economies such as China, India, and Indonesia. The reason for increasing infrastructural activities is growing industrialisation, rising economic growth, and shifting of people from rural areas to urban areas among others. According to the World Bank, by 2030,40.76% of India’s population is expected to reside in urban areas in. These factors have led to high demand for water in these economies, which is expected to drive growth for vertical multistage centrifugal pumps. 

Moreover, stringent rules and regulation by government bodies and strict policies regarding recycling of wastewater and its treatment, especially in India and China are expected to drive growth of the vertical multistage centrifugal market in the region. For instance, in May 2018, Government of India launched the ‘Reuse of Treated Waste Water Policy' in Gujarat state that aims to reduce the state’s dependence on fresh water sources such as Narmada river. Moreover, according to the National Development and Reform Commission (NDRC) analysis, the Chinese government’s investment for wastewater treatment was US$ 77.4 billion in 2015 and reached US$ 81.9 billion in 2016.

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East
• Africa