Industry Overview of Double Suction Pump Market
IMARC Group, a leading market research company, has recently releases report titled “Double Suction Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global double suction pump market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is a Double Suction Pump?
A double suction pump is a type of centrifugal pump designed to enhance the flow rate while maintaining a constant speed. It features a spiral casing that allows water to enter from both sides of the impeller, ensuring hydraulic balance. The primary purpose of a double suction pump is to provide a reliable water supply for domestic, industrial, and agricultural needs. It is known for its high efficiency and low maintenance requirements.
The applications of a double suction pump are diverse. It is commonly employed in wastewater treatment plants for desalinating brackish water and in hydropower plants to generate electricity. Additionally, it finds extensive use in flood-prone areas to manage water levels effectively. Overall, a double suction pump serves as a crucial component in various industries, offering efficient water supply solutions.
How big is the Double Suction Pump market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 21.92 Billion |
| Market Forecast in 2028 | US$ 28.72 Billion |
| Growth rate (2023 to 2028) | CAGR of 4.51% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What Are the Growth Prospects and Trends in The Double Suction Pump Industry?
The double suction pump market is being primarily driven by the increasing number of industrial activities and the growing global population, which has led to a rising demand for pure water in various industrial, domestic, and agricultural applications. Furthermore, the escalating levels of water pollution have resulted in a higher need for wastewater treatment plants, further contributing to the market growth. The demand for double suction pumps and advanced agricultural equipment is also on the rise due to the increasing requirement for higher crop yields, positively impacting the global market.
Another significant factor driving market growth is the growing use of double suction centrifugal pumps in the marine industry to ensure a compatible and efficient cooling water supply for operations. Moreover, the availability of a wide range of product variants at affordable rates through both offline and online distribution channels is stimulating market growth. Additionally, the market is expected to receive a boost from strategic collaborations and partnerships among various companies, leading to further expansion of the double suction pump market in the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- Vertically Split
- Horizontally Split
Material Type Insights:
- Cast Iron
- Steel
- Polymer and Composite
End Use Insights:
- Power Generation
- Water and Wastewater Treatment
- Industrial
- Irrigation
- Marine
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Buffalo Pumps Inc. (Ampco-Pittsburgh Corporation)
- Flowserve Corporation
- Habermann Aurum Pumpen GmbH
- Hayward Tyler Ltd.
- Hunan Credo Pump. Co. Ltd.
- ITT Inc.
- KSB SE & Co. KGaA
- Neptuno Pumps Ltda
- Sulzer Ltd.
- Torishima Pump Mfg. Co. Ltd.
- Sintech Precision Products Ltd.
- Xylem Inc.
If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.
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