Global Volute Pumps Market Report and Forecast 2024-2032

Global Volute Pumps Market Outlook

The global volute pumps market is expected to grow at a CAGR of 7% in the forecast period of 2024-2032. The market is being driven by the rising expenditure on the infrastructure programmes.

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Asia Pacific to Present Major Growth Opportunities for the Volute Pumps Market

The Asia Pacific region is expected to be the leading region within the market, owing to the substantial growth opportunities in the region. Factors such as the rapid expansion of manufacturing and industrial production sectors, along with the rising oil and gas industry within the region, are expected to contribute to the development of the volute pumps market in the Asia Pacific.

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Volute Pumps: Market Segmentation

A volute pump is a curved funnel that develops as it reaches the discharge outlet. A centrifugal pump's volute is the case that receives the fluid pumped by the impeller, preserving the fluid's velocity to the diffuser.

Based on the product, the market is bifurcated into:

• Metallic Pumps
• Concrete Pumps

Based on the stage, the industry can be segmented into:

• Single
• Double

On the basis of type, the market is divided into:

• Horizontal
• Vertical

On the basis of application, the industry can be categorised into:

• Irrigation Schemes
• Drainage
• Seawater Intake
• Flood Control
• Cooling Water
• Others

By end-use, the industry is divided into:

• Water and Wastewater Treatment
• Agriculture and Lift Irrigation
• Chemicals
• Building Services
• Oil and Gas
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Rising Demand for the End-Use Sectors to Propel the Volute Pumps Market Forward

The global volute pumps market is driven by the rapid industrialisation, along with the increasing number of irrigation schemes around the world. Increasing expenditure on infrastructure programs and rising oil and gas production are some of the other factors fuelling the industry.

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During the forecast period, the increasing demand for better rainwater harvesting systems is expected to drive the industry. Additionally, some countries like India and China have introduced regulations enabling the private sector to actively engage in water and wastewater treatments. Volute pumps are also observing technological developments worldwide. These factors are expected to drive the global market in the forecast period.

On the other hand, rising raw material prices may hamper the industry growth. Prices of raw materials required to manufacture volute pumps have risen worldwide at a higher rate over the last few years. During the forecast period, this factor is expected to create a challenging environment for the industry.

Key Industry Players in the Global Volute Pumps Market

The report gives a detailed analysis of the following key players in the global volute pumps market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• KUBOTA Corporation
• Kirloskar Brothers Limited
• Flowserve Corporation
• Sulzer Ltd
• Gardner Denver Industrials Group
• Honda Kiko Co Ltd, 
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report