Horizontal Multistage Pumps Market: Current Analysis and Forecast (2022-2030)

Horizontal Multistage Pumps Market: Current Analysis and Forecast (2022-2030)

Horizontal Multistage Pumps are defined as centrifugal pumps containing two or more impellers. The Horizontal multistage centrifugal pumps are used for pressure boosting systems where there is a constant demand for pressure and flow including mining (mine dewatering), industrial, municipal, and agricultural (irrigation systems) applications. In addition, horizontal multistage pumps have compact designs, low noise, and long service life. They are easy to install and operate.

The Horizontal Multistage Pumps Market is expected to grow at a steady rate of around 3% owing to the increasing demand for water across the globe coupled with the growing adoption of automation and control systems. In addition, horizontal multistage pumps are majorly used in various industries such as food and beverage; pharmaceutical and biotech applications; silky machines & silky polishers; air conditioning systems and cooling systems; HVAC systems; water treatment (water purification); chemical transfer application; environmental application; agricultural application; industrial cleaning; fertilizer metering system; heat pump system; and many others. Thus, due to its extensive use, its demand is increasing in the market across the globe.

• Based on end-user, the market is segmented into industrial, commercial, residential, and others. The industrial category is expected to grow with a significant CAGR during the forecast period. This is mainly due to the growing demand for horizontal multistage pump mining, municipal operations, agricultural or irrigation sector, etc. Horizontal multistage pumps are being adopted due to the rising demand for water treatment globally as the need for clean water is also gradually increasing.
• For a better understanding of the market adoption of the horizontal multistage pumps industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, India, Japan, Rest of Asia-Pacific), Rest of World. APAC is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the increasing urbanization and infrastructure modernization and is backed by growing disposable income and surging per capita spending of individuals in the region's emerging economies is driving the market's growth. Moreover, the increasing demand to treat wastewater is increasing the demand for pumps in the region.
• Some of the major players operating in the market include Xylem; Sulzer Ltd; Flowserve Corporation; Grundfos Pumps India Private Ltd; The Weir Group PLC; Baker Hughes Company; HCP PUMP MANUFACTURER CO., LTD; Aquasub Engineering; Tsurumi Manufacturing Co., Ltd; NEW INDIA ELECTRICALS LTD.