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The centrifugal pump market is anticipated to witness significant growth throughout the forecast period. Centrifugal pumps are extensively used for pumping water, solvents, oil, acids, and any other liquid for industrial, agricultural, and domestic purposes.
They are used in food, beverage, and chemical processing industry. They have a simple design and prove to be a low-cost solution for various pumping processes. Radial and axial are two main types of centrifugal pumps. Radial pumps create an outward motion of liquid, whereas axial pumps generate fluid motion with the help of a lifting effect created by impeller vanes. Centrifugal pumps possess properties such as energy efficiency, delivery of smooth flow and reliability. They are also corrosion resistant and have a low maintenance cost. Major players in the industry are focusing on development of cost-effective and durable pumps to sustain competition in the centrifugal pump market.Â
DescriptionÂ
Centrifugal pumps are mechanical devices, which operate by transferring rotational energy from one or more driven rotors, called impellers. Impellers have a series of curved vanes that are typically sandwiched between two discs. The action of the impellers increases the velocity and pressure of the fluids. The pump casing is designed to constrict the fluid from the pump inlet and direct it into the impeller, and controlling the fluid flow prior to discharge. The simple design reduces the number of working parts in the centrifugal pumps, which makes them easy to operate.Â
COVID-19 Impact analysis
Top Impacting Factors
Increase in global population has fueled the demand for food and beverage products, thereby increasing the number of processing facilities. Rise in number of food, beverage, and other processing facilities drove the industrial demand for centrifugal pumps as fluids are extensively used in manufacturing of food and beverage products. Rise in number of buildings increased the number of wastewater treatment and water pumping facilities, thereby increasing the use of centrifugal pumps. Furthermore, the availability of centrifugal pumps in various sizes and capacities increased its usability in various applications. The efficiency of centrifugal pumps significantly decreases when pumping high viscosity fluids, so centrifugal pumps are best suited for low pressure, high-capacity pumping applications, which is a major restraint on the growth of centrifugal pump market. According to the UN Water, global water consumption is projected to increase by 1% annually until 2050, increasing the number of water and sewage treatment plants and providing favorable growth opportunities for the centrifugal pump market.
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Centrifugal Pumps Machines Market Report Highlights
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