North America Centrifugal Pumps Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The North America Centrifugal Pumps Market is expected to register a CAGR of 5.1 % during the forecast period 2022-2027. Furthermore, the outbreak of COVID-19 has significantly impacted pump OEMs' business performance in 2021. The drop in oil prices to their lowest level in history, the deterioration of US-China trade relations, the closure of rigs by small oil enterprises, and massive job cuts in both the United States and Canada have all impacted the North American marketplace.
Key HighlightsThe Centrifugal Pumps Market in North America is significantly competitive, with various companies offering their products in the region. Companies to launch new products and form strategic alliances with other manufacturers to expand their product portfolios and meet the increasing demands of the end-users. Companies including Flowserve Corporation, Xylem, Inc., Schlumberger Ltd, and ITT Inc, among others, are the key players in this market.
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