Centrifugal Pumps Market By Product Type Application & Region – Forecast 2021-2031
Global sales of centrifugal pumps are set to be valued at over US$ 29 Bn in 2021, with a steady long-term projection, according to the latest insights by Future Market Insights (FMI). The report estimates the market to expand at 4.6% CAGR from 2021 to 2031. In the centrifugal pumps market , the industrial and domestic segments totaled US$ 24.3 billion for 2021, according to the annual market analysis conducted by FMI. Strong demand from the water and wastewater sector and the food and beverage industry drives the centrifugal pump market in terms of volume. Get | Download Sample Copy with Graphs & List of Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-498 Demand for centrifugal pumps slumped in 2020 due to the COVID-19 pandemic. However, the water and wastewater segment of the industry was not affected as much due to the latest guidelines issued by World Health Organization (WHO) on water sanitation standards which bodes well for sales in the ne