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The market for volute pumps is expected to be driven by the rising concrete pumps segment over the forecast period. Both product types, concrete as well as metallic pumps are in high demand, leading to a rise in the end-use segments, like oil and gas, building services, and water and wastewater treatment over the forecast period. Due to the growing demand for building facilities and construction activities globally, the market is predicted to strengthen in the coming years.
Regionally, the Asia Pacific region is anticipated to be a significant market in the forecast period. This can be attributed to the accelerating production activities, industrial production sectors, and the oil and gas industry in the region. Moreover, developing economies in the region, like China and India, are supporting the volute pumps industry in the region by providing substantial growth opportunities. North America is expected to significantly support the global volute pumps industry in the forecast period as a result of the high adoption of volute pumps in the region.
Further, the market is driven by the emerging demand for enhanced rainwater harvesting systems across the globe. Major players, such as KUBOTA Corporation (OTCMKTS: KUBTY) and Kirloskar Brothers Limited are aiding the market growth of volute pumps. Volute pumps, offered by KUBOTA Corporation, a pump manufacturer as well as an engineering company, has features such as high quality, high performance, easy installation, and maintenance. Innovations and R&D in the volute pumps are further expected to enhance the market growth of the product during the forecast period.
Market Analysis by Product, Stage, Type, Application, End Use, and Region:
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KUBOTA Corporation, Kirloskar Brothers Limited, Flowserve Corporation, Sulzer Ltd, Gardner Denver Industrials Group, and Honda Kiko Co Ltd, among others, are the key players in the global volute pumps market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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