DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/1d4ba6/centrifugal_pumps) has announced the addition of GlobalData's new report "Centrifugal Pumps Market in Power Industry - Global Market Size, Average Pricing, Market Share and Distribution Channel Analysis to 2020" to their offering.
Centrifugal Pumps Market in Power Industry - Global Market Size, Average Pricing, Market Share and Distribution Channel Analysis to 2020 gives detailed information on the Global centrifugal pumps market. The report discusses the global and regional market trends, drivers, restraints, challenges, market share analysis and market revenue analysis. At the country level, the report covers the revenue breakdown for single-stage, multi-stage, axial and mixed flow centrifugal pumps; distribution channel analysis and market share analysis.
Asia-Pacific Accounts for the Largest Share of Revenues
The centrifugal pumps market in the Asia-Pacific region is expected to grow from $602m in 2010 to $1,162m in 2020. Increasing urbanization in growing economies is expected to attract investments to improve the availability of drinking water and sanitation. These Investments are expected to enhance the growth prospects of pump types such as submersible, and single and multi-stage radial flow pumps. These factors are expected to enhance growth in the centrifugal pumps market over the forecast period. Growing Demand for Power and Retrofits Drives Global Pumps Market
The scarce availability of clean drinking water, coupled with the growing need for power across the world, is expected to drive demand for pumps. In addition, the increasing global population and urbanization are also expected to enhance growth in the global pumps market. Among the various applications for pumps in the water and wastewater industry, investment in the treatment of brackish water through reverse osmosis is gaining prominence. Coupled with replacement opportunities, these factors are expected to drive the global pumps market over the forecast period, with expected revenues of $3,314m in 2020.
Read more inside Centrifugal Pumps Market in Power Industry
For more information visit http://www.researchandmarkets.com/research/1d4ba6/centrifugal_pumps