As per Future Market Insights, the self-priming centrifugal pump market is anticipated to attain a value pool of US$ 33 billion by 2023-end. Global demand for self-priming centrifugal pumps is expected to rise at a CAGR of 5.2% to US$ 55 billion in 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 33 billion |
| Projected Market Value in 2033 | US$ 55 billion |
| Growth Rate (2023 to 2033) | 5.2% CAGR |
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The self-priming centrifugal pump market is driven by the increasing demand for self-priming pumps in the industrial and municipal sectors. Self-priming centrifugal pumps are widely used in the industrial sector for applications such as water supply, cooling, and process water. They are also used in the municipal sector for applications such as sewage treatment and water supply. The increasing demand for these pumps in these sectors is driving the growth of the self-priming centrifugal pump market.
The increasing population and industrialization are leading to the generation of more wastewater and the need to treat it effectively. Self-priming centrifugal pumps are used in water and wastewater treatment plants to pump water, sewage, and other liquids. The growing need for water and wastewater management is driving the growth of the self-priming centrifugal pump market.
The agricultural sector is also a prominent driver of the self-priming centrifugal pump market. Self-priming centrifugal pumps are used in irrigation systems to pump water from rivers, lakes, and other sources to the fields. The increasing adoption of self-priming pumps in the agricultural sector is driving the growth of the self-priming centrifugal pump market.
The development of advanced technology such as IoT and automation in self-priming centrifugal pumps is an eminent opportunity for the market to grow. This will lead to the development of smart pumps that can be controlled and monitored remotely, providing more convenience and efficiency to the end-users. Companies that can capitalize on these opportunities by developing cutting-edge products and expanding their reach will be well-positioned to succeed in this rapidly growing market.
With the growing trend of industrialization and urbanization, the demand for self-priming centrifugal pump will also increase in various sectors such as agriculture, mining, and construction, providing more opportunities for the market to grow.
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The development of the self-priming centrifugal pump market in Europe is driven by several factors, including the growing need for water and wastewater management, increasing industrialization, and government initiatives to improve water management.
The increasing population and industrialization in Europe are leading to the generation of more waste water and the need to treat it effectively. This, in turn, is driving the demand for self-priming centrifugal pumps in the region. The market is expected to continue to grow in the coming years as the demand for self-priming centrifugal pumps in Europe continues to increase.
The most lucrative application segment in the self-priming centrifugal pump market is waste water management. Waste water management is the process of removing contaminants from water and sewage to produce clean water that can be reused or discharged back into the environment. Self-priming centrifugal pumps are widely used in waste water management plants to pump water, sewage, and other liquids.
The growing need for water and wastewater management and the increasing focus on water management and conservation are driving the demand for self-priming centrifugal pumps in this application. The increasing population and urbanization are also leading to the growth of the waste water management segment.
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The core differentiator between a centrifugal pump and a self-priming centrifugal pump is the presence of water in the casing in the latter. Self-priming centrifugal pump eliminates the risk of delay or hindrance by air in its operation.
Self-priming centrifugal pumps are also known as self-primers, and the water reservoir/case is either in the front of the self-priming centrifugal pump or on the top of it. Self-priming centrifugal pumps are primarily used is in waste and water management sewage lift facilities where the sewage need to be pumped for treatment or disposal.
They are also used for pumping water (dewatering) from construction site or mining location. Self-priming centrifugal pumps are either electric powered or run on diesel.
Numerous end use industries such as oil & gas, mining, power generation, and chemical are focusing on refurbishment activities of their facilities and assets aiming to increase the overall throughput. Spurring demand from developed and developing region that are inclined towards waste and water management are expected to drive the volume sales of self-priming centrifugal pumps during the projected period.
Handling of solids upto 3 inches is the one of the main benefits of a self-priming centrifugal pump. Also they are gradually replacing submersible pumps in some applications due to the ability of the said product to continuously pump fluid from pit. Optimum cost of operation is one of the other add-on of a self-priming centrifugal pumps.
However, diesel operated self-priming centrifugal pumps could lose some basis point share by the end of the forecast period owing to the diminishing petroleum resources in many regions and resulting regulatory mandates to curb the emission.
The growing agricultural sector and the increasing arable land in agriculture driven countries such as Morocco, India, Thailand, and Egypt are estimated to create significant opportunities for the self-priming centrifugal pumps market owing to it application in irrigation. This demand is expected to be particularly for below 30 m self-priming pumps.
Of the all the regions, Europe is expected to be at the fore-front of the global self-priming centrifugal market as a result of existing industrial infrastructure and expanding horticulture. According to the EEA (Europe Environment Agency), about one-third of the region’s land is either grassland or cropland.
This, in turn, is expected to drive the self-priming centrifugal pumps market throughout the forecast period. In terms of growth rate, India, Morocco, and Thailand are expected to be emerging countries especially due to their inclination towards agriculture.
China, North America, Latin America, and the Middle East Africa are projected to find better scope in mining and oil & gas sector.
Some of the market participants in the global self-priming centrifugal pumps market identified across the value chain include:
The self-priming centrifugal pumps research report presents a comprehensive assessment of the self-priming centrifugal pumps market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.
It also contains projections using a suitable set of assumptions and methodologies. The Self-Priming Centrifugal Pumps research report provides analysis and information according to market segments, such as geographies, application, and industry.
The global report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Self-Priming Centrifugal Pump Market
