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Global Volute Pumps Market to Grow at a CAGR of 7% During 2021-2026, Aided by the Rising Demand for Concrete Pumps

According to a new report by EMR titled, 'Global Volute Pumps Market Report and Forecast 2021-2026', the global market for volute pumps is expected to grow at a CAGR of 7% in the forecast period of 2021-2026.

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:

  • The volute pumps industry, on the basis of product, is bifurcated into metallic pumps and concrete pumps.
  • Based on stage, the market is segmented into single volute pumps and double volute pumps.
  • On the basis of type, the market is divided into horizontal and vertical.
  • By application, the industry is segmented into irrigation schemes, drainage, seawater intake, flood control, and cooling water, among others.
  • Based on end use, the industry is categorised into the water and wastewater treatment, agriculture and lift irrigation, chemicals, building services, and oil and gas, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global volute pumps industry is being driven by the increasing spending on infrastructure programmes and increasing oil and gas production.
  • During the forecast period, the increasing demand for better rainwater harvesting systems is expected to drive the global volute pump market. 
  • The market is also invigorated by the growing demand for the product from existing building facilities. 
  • Technological advancements in the industry are further expected to enhance the market growth.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for volute pumps for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the products, stages, types, applications, end uses, and regional markets of volute pumps. 
  • It gives an in-depth look at the regional price trends in the global market for volute pumps.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

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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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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