Double Suction Pump Market Size 2023-2028: Regional Report, Global Trends and Forecast
Industry Overview of Double Suction Pump Market
IMARC Group, a leading market research company, has recently releases report titled “Double Suction Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global double suction pump market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is a Double Suction Pump?
A double suction pump represents a centrifugal pump that is utilized to increase the flow rate at a constant speed. It has a spiral casing where water can enter via both sides of the impeller to maintain the hydraulic balance. A double suction pump aids in providing water supply for domestic, industrial, and agricultural purposes. It offers high efficiency and low maintenance. A double suction pump is extensively utilized in wastewater treatment plants for the desalination of brackish water and in hydropower plants for electricity generation. It also finds wide-ranging applications in flood-prone regions.
Report Highlights
How big is the Double Suction Pump market?
Report Attributes | Details |
Market Size in 2022 | US$ 21.92 Billion |
Market Forecast in 2028 | US$ 28.72 Billion |
Growth rate (2023 to 2028) | CAGR of 4.51% |
Base Year of the Analysis | 2022 |
Forecast Period | 2023-2028 |
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What Are the Growth Prospects and Trends in The Double Suction Pump Industry?
The rising number of industrial activities and the expanding global population are propelling the adoption of pure water for numerous industrial, domestic, and agricultural applications, which is primarily driving the double suction pump market. Additionally, the escalating demand for wastewater treatment plants, owing to the increasing water pollution levels, is further bolstering the market growth. Besides this, the inflating need for high yield of crop production is augmenting the usage of double suction pumps and advanced agricultural equipment, thereby positively influencing the global market. Moreover, the growing utilization of double suction centrifugal pumps in the marine industry for a compatible and proper operational cooling water supply is acting as another significant growth-inducing factor. Apart from this, the easy availability of product variants at affordable rates across offline and online distribution channels is also stimulating the market growth. Furthermore, numerous companies are focusing on strategic collaborations and partnerships, which is anticipated to fuel the double suction pump market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- Vertically Split
- Horizontally Split
Material Type Insights:
- Cast Iron
- Steel
- Polymer and Composite
End Use Insights:
- Power Generation
- Water and Wastewater Treatment
- Industrial
- Irrigation
- Marine
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Buffalo Pumps Inc. (Ampco-Pittsburgh Corporation)
- Flowserve Corporation
- Habermann Aurum Pumpen GmbH
- Hayward Tyler Ltd.
- Hunan Credo Pump. Co. Ltd.
- ITT Inc.
- KSB SE & Co. KGaA
- Neptuno Pumps Ltda
- Sulzer Ltd.
- Torishima Pump Mfg. Co. Ltd.
- Sintech Precision Products Ltd.
- Xylem Inc.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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