Transparency Market Research
The demand within the global volute pumps market has been rising on account of advancements in the field of hydraulic applications. Volute pump is a type of diffusion pump that can be used across a wide range of industrial processes. The relevance of volute pumps across a wide range of industries has played a pivotal role in market growth. The centrifugal push of volute pumps gives them a mark of supremacy over other types of pumps. Hence, the global volute pumps market has been expanding at a stellar pace in recent times. The presence of a seamless industry for fluid management has also created new opportunities in the global market.
The investment indices of the global volute pumps market have improved over the past decade. Moreover, the need for seamless management of water facilities across multiple industries has created tremendous growth opportunities for market growth. Several research organisations are engaged in finding ways of developing highly-efficient volute pumps. This factor is prognosticated to pave way for the growth of the global volute pumps market in the years to come. The high velocity of volute pumps also gives them an edge over other similar devices.
The global outreach of volute pumps market has been magnifying over the past decades. On the basis of geography, the global volute pumps market can be segmented into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. The market for volute pumps in Asia Pacific has been expanding on account of the presence of an expansive industrial sector in India and China.
Volute pumps are the type of centrifugal pumps that are in curved shaped. Pump casings have been classified into volutes and diffusers. There are two types of volute pumps: concrete pumps and metallic pumps. Metallic pumps are used for large-capacity water-handling applications. A volute pump is used for providing pressure casing to fluid flow path and hydraulic flow path. These volute pumps are of two types: single volute pumps and double volute pumps. Compared to single volute pumps, double volute pumps require higher maintenance. Single volute pumps have one cutwater, while double volute pumps have two cutwaters. The cutwater directs the flow of the liquid toward the pump discharge.
Various factors are expected to drive the global volute pumps market during the forecast period, for example, rapidly growing industrialization and rising number of irrigation schemes across the world. Increasing spending on infrastructure programs and rising production of oil and gas are a few other factors fueling the volute pumps market. The increasing demand for better rainwater harvesting systems is expected to drive the global volute pumps market during the forecast period. Certain countries such as India and China have introduced regulations enabling the private sector to actively engage in the water and wastewater treatment.
Moreover, building services are witnessing rising demand for volute pumps. Technological advancements in volute pumps are taking place across the world. All these factors are expected to drive the global volute pumps market during the forecast period. On the other hand, the increase in prices of raw materials is hampering the global volute pumps market. For the last few years, prices of raw materials required for the manufacture of volute pumps have been increasing at a higher rate worldwide. This factor is anticipated to create a challenging environment for the global volute pumps market during the forecast period.
The global volute pumps market has been classified based on product, application, end-use, and geography. Based on product, the volute pumps market has been segmented into concrete pumps and metallic pumps. The concrete pumps segment is likely to be more attractive than the metallic pumps segment during the forecast period. In terms of application, the volute pumps market has been classified into irrigation schemes, drainage, seawater intake, flood control, cooling water, and others.
Based on end-use, the volute pumps market has been divided into water & wastewater treatment, agriculture & lift irrigation, chemicals, building services, oil & gas, and others. Due to high demand for concrete pumps as well as metallic pumps; segments such as building services, oil & gas, and water & wastewater treatment are expected to dominate the global volute pumps market, in terms of volume, during the forecast period.
In terms of geography, the global volute pumps market can be classified into Asia Pacific, South America, Europe, Middle East & Africa, and North America. Asia Pacific is expected to dominate the global volute pumps market during the forecast period. Developing economies in the region such as China and India are providing substantial growth opportunities to the volute pumps market in Asia Pacific. This can be attributed to rapid growth of manufacturing and industrial production sectors as well as the oil & gas industry in the region. North America is expected hold a significant share of the global market during the forecast period, due to high adoption of volute pumps in the region.
Major players operating in the global volute pumps market are Kubota Pump, Shanghai Kai Quan Pump (Group) Co. Ltd, Sulzer Ltd., Watson-Marlow Inc., GRUNDFOS Holding A/S, Kirloskar Brothers Limited, Watson-Marlow Inc., Gardner Denver, Inc., Flowserve Corporation, Honda Kiko Co Ltd, WPIL Limited, Andritz AG, Sulzer Ltd, Kaiquan Group, and Watson-Marlow Fluid Technology Group.
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