Global Volute Pumps Market: Overview
Volute pumps are the type of centrifugal pumps that are in curved shaped. Pump casings have been classified into volutes and diffusers. There are two types of volute pumps: concrete pumps and metallic pumps. Metallic pumps are used for large-capacity water-handling applications. A volute pump is used for providing pressure casing to fluid flow path and hydraulic flow path. These volute pumps are of two types: single volute pumps and double volute pumps. Compared to single volute pumps, double volute pumps require higher maintenance. Single volute pumps have one cutwater, while double volute pumps have two cutwaters. The cutwater directs the flow of the liquid toward the pump discharge.
Various factors are expected to drive the global volute pumps market during the forecast period, for example, rapidly growing industrialization and rising number of irrigation schemes across the world. Increasing spending on infrastructure programs and rising production of oil and gas are a few other factors fueling the volute pumps market. The increasing demand for better rainwater harvesting systems is expected to drive the global volute pumps market during the forecast period. Certain countries such as India and China have introduced regulations enabling the private sector to actively engage in the water and wastewater treatment. Moreover, building services are witnessing rising demand for volute pumps. Technological advancements in volute pumps are taking place across the world. All these factors are expected to drive the global volute pumps market during the forecast period. On the other hand, the increase in prices of raw materials is hampering the global volute pumps market. For the last few years, prices of raw materials required for the manufacture of volute pumps have been increasing at a higher rate worldwide. This factor is anticipated to create a challenging environment for the global volute pumps market during the forecast period.
The global volute pumps market has been classified based on product, application, end-use, and geography. Based on product, the volute pumps market has been segmented into concrete pumps and metallic pumps. The concrete pumps segment is likely to be more attractive than the metallic pumps segment during the forecast period. In terms of application, the volute pumps market has been classified into irrigation schemes, drainage, seawater intake, flood control, cooling water, and others. Based on end-use, the volute pumps market has been divided into water & wastewater treatment, agriculture & lift irrigation, chemicals, building services, oil & gas, and others. Due to high demand for concrete pumps as well as metallic pumps; segments such as building services, oil & gas, and water & wastewater treatment are expected to dominate the global volute pumps market, in terms of volume, during the forecast period.
Global Volute Pumps Market: Regional Outlook
In terms of geography, the global volute pumps market can be classified into Asia Pacific, South America, Europe, Middle East & Africa, and North America. Asia Pacific is expected to dominate the global volute pumps market during the forecast period. Developing economies in the region such as China and India are providing substantial growth opportunities to the volute pumps market in Asia Pacific. This can be attributed to rapid growth of manufacturing and industrial production sectors as well as the oil & gas industry in the region. North America is expected hold a significant share of the global market during the forecast period, due to high adoption of volute pumps in the region.
Global Volute Pumps Market: Key Players
Major players operating in the global volute pumps market are Kubota Pump, Shanghai Kai Quan Pump (Group) Co. Ltd, Sulzer Ltd., Watson-Marlow Inc., GRUNDFOS Holding A/S, Kirloskar Brothers Limited, Watson-Marlow Inc., Gardner Denver, Inc., Flowserve Corporation, Honda Kiko Co Ltd, WPIL Limited, Andritz AG, Sulzer Ltd, Kaiquan Group, and Watson-Marlow Fluid Technology Group.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.