DUBLIN, March 3, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/4dh5wf/global) has announced the addition of the "Global Centrifugal Pumps Market 2016-2020" report to their offering.
The global centrifugal pumps market to grow at a CAGR of 4.15% during the period 2016-2020
Global Centrifugal Pumps Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Centrifugal pumps are utilized in operations such as circulating coolants or lubricants throughout machines and equipment. They find extensive use in industrial applications and others in which such machines and equipment are used.
Mergers and acquisitions (M&A) have become an effective way for established players to penetrate new markets and diversify their product portfolio. These M&A activities are being increasingly seen in the pump markets in the developed countries.
According to the report, the primary factors driving the overall growth of the water and wastewater industry include rising population, urbanization, increase in manufacturing activities, and oil and gas production. Industries such as power, pharmaceuticals, and food and beverage that are heavily water-reliant will have a significant impact on the global demand for water. Increased production in these manufacturing industries makes water conservation and adherence to stringent environmental guidelines more significant.
Further, the report states that one of the major factors hindering the market growth is fluctuating raw material prices.
To calculate the market size, the report considers the demand for centrifugal pumps from the following end-users:
- Water and wastewater
- Commercial building
- Oil and gas
- Food and beverages
Other prominent vendors:
- Atlas Copco
- Baker Hughes
- Clyde Union
- Weir Group
For more information visit http://www.researchandmarkets.com/research/4dh5wf/global
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets