Volute Pumps Market

Volute Pumps Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2021-2031

A volute pump is a type of centrifugal pump that is designed to move a fluid with the help of impellers. Its works on the principle of transfer of rotational energy. Rapidly entering fluid rotates the impeller along its axis and thus, centrifugal force produced due to the impeller’s action casts out the entering fluid through the impeller’s vane tips. The fluids velocity and pressure increases due to the impeller’s action and subsequently, high velocity, pressure fluid is directed toward the pump outlet. The volute shaped pump casing is specially designed to constrict the fluid from pump inlet and direct it to the impeller, thereby slowing down and controlling the fluid before discharge.
The pump’s name is derived from the shape of its casing, which is volute shaped. The design of the volute pump offers low cost solutions to most low pressure, high capacity pumping applications involving low viscosity fluids such as water, solvents, chemicals, and light oils.

The global construction industry expanded by 3.0% in 2019, after 3.5% in 2018, and 2.7% in 2017. According to the Statista (statistics portal for market data), the number of sold HVAC units is likely to surpass 151 million in 2024. In 2019, the most HVAC units were sold to the public sector, and the public sector accounted for around 33% share of the HVAC market. Most commonly used pump in HVAC system is the volute pump. Volute pumps possess more efficiency and offer less pressure losses, as compared to positive displacement pumps. These factors are anticipated to boost the global volute pumps market during the forecast period.
Prices of raw materials required for the manufacturing of volute pumps have been increasing at a rapid pace worldwide for the last few years. This factor is anticipated to create a challenging environment for the global volute pumps market during the forecast period.

Governments of several countries across the globe have imposed stringent lockdowns to limit the spread of the coronavirus. Movement of individuals and economic activities, related to goods and services, have come to a halt because of lockdowns. Some mines were temporarily closed due to lack of personnel, as volute pumps handle and withstand high abrasive slurries from mining. Consequently, closure of mines hampered the global volute pumps market.

The global volute pumps market can be segmented based on product, type, number of stages, application, and end-use
In terms of product, the global volute pumps market can be bifurcated into metallic pump and concrete pump
In terms of type, the global volute pumps market can be segregated into single suction and double suction
In terms of number of stages, the global volute pumps market can be split into single stage and double stage
In terms of application, the global volute pumps market can be classified into irrigation schemes, drainage, seawater intake, flood control, cooling water, and others
In terms of end-use, the global volute pumps market can be segmented into water & waste water treatment, agriculture & lift irrigation, chemicals, building services, oil & gas, and others. Certain countries such as India and China have introduced regulations enabling the private sector to actively engage in water and wastewater treatment. Thus, the water and waste water treatment segment is anticipated to expand at rapid pace during the forecast period.

In terms of region, the global volute pumps market can be split into Middle East & Africa, Latin America, Asia Pacific, Europe, and North America
According to BP Statistical Review, North America was the second-largest producer of oil and the largest producer of gas in the world in 2019. It achieved this feat through increase in production of shale oil & gas in the U.S. This has resulted in the U.S. becoming a leading exporter of crude oil for the first time in a decade. Application of volute pumps at pumping station for pumping oil is estimated to drive the volute pumps market in that region.
In Asia Pacific, The Government of India has proposed reforms in the mining sector by amending the Mines and Mineral (Development and Regulation) Act, 1957. Favorable government policies and rise in investment in the mining sector are anticipated to boost the volute pumps market in the region, as volute pumps are primarily employed to pump water containing solid debris. Furthermore, from a safety point of view, elimination of solid debris is essential step in the mining process.

Global Volute Pumps Market: Research Scope

Global Volute Pumps Market, by Product

Global Volute Pumps Market, by Type

Global Volute Pumps Market, by Number of Stages

Global Volute Pumps Market, by Application

Global Volute Pumps Market, by End-use

Global Volute Pumps Market, by Region

North America
- U.S.
- Canada
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Russia & CIS
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- ASEAN
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa