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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

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

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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.

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