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

Report Description

Global Horizontal Multistage Pumps Market was valued at USD 800 million in 2021 and is expected to grow at a CAGR of 3% from 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. 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.

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 are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst end-user, the industrial category is expected to grow with a significant CAGR during the forecast period”

Based on end-user, the market is segmented into industrial, commercial, residential, and others. Based on what we have seen, 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.

“APAC is anticipated to grow at a substantial CAGR during the forecast period”

In 2021, 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. Additionally, the region has a large manufacturing sector that generates significant amounts of wastewater that can be treated before being discharged into the environment.  The pumps are also used because they can handle high levels of pollutants and can be designed to withstand the corrosive or abrasive nature of certain industrial wastewater streams. Furthermore, the increasing emphasis on sustainability and energy efficiency has also contributed to the popularity of horizontal multistage pumps in the APAC region.

Horizontal Multistage Pumps Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global horizontal multistage pumps market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Horizontal Multistage Pumps Market Analysis (2022-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global horizontal multistage pumps market were the three major steps undertaken to create and analyze the adoption of horizontal multistage pumps in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global horizontal multistage pumps market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the horizontal multistage pumps market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the horizontal multistage pumps market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the horizontal multistage pumps market. Further, we conducted factor analysis using dependent and independent variables such as various end-user of horizontal multistage pumps. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the horizontal multistage pumps market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global horizontal multistage pumps market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the horizontal multistage pumps market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global horizontal multistage pumps market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global horizontal multistage pumps market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of end-user in the global horizontal multistage pumps market.

The main objective of the Global Horizontal multistage pumps Market Study

The current & future market trends of the global horizontal multistage pumps market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the horizontal multistage pumps market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of end-user.
• Define and analysis of the regulatory framework for the horizontal multistage pumps
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the horizontal multistage pumps market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the horizontal multistage pumps market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

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price list?

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