Centrifugal Pump Market Overview, Dynamics, Trends, Segmentation, Key Players, Application and Forecast to 2025
The global centrifugal pump market grew at a CAGR of around 4% during 2014-2019. A centrifugal pump refers to a mechanical system built to raise the fluid pressure during transportation. It helps in converting rotational kinetic energy to hydrodynamic energy, thereby allowing fluid acceleration. These pumps have consistent delivery, easy operation, vertical or horizontal installation, high-speed movement, and low maintenance requisites. Owing to these benefits, centrifugal pumps are used for different fluids, including chemicals, oil, resins, water, wastewater, sludge, bleaches, and other liquids. Explore full report with table of contents: https://www.imarcgroup.com/centrifugal-pump-market Rapid industrialization, along with surging demand for centrifugal pumps in the wastewater treatment industry, is catalyzing the market growth. Additionally, the high replacement rate of existing industrial pumps in the pharmaceutical and F&B sectors is also a demand-inducing factor. Furthermo