IMARC Group has recently released a new research study titled, “Double Suction Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the double suction pump market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
Market Performance:
The global double suction pump market reached a value of US$ 21.92 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 28.72 Billion by 2028 exhibiting a CAGR of 4.51% during 2023-2028.
Year Considered to Estimate the Market:
Base Year of the Analysis: 2022
Historical Period: 2017-2022
Forecast Period: 2023-2028
Double Suction Pump Market Market Overview:
A double suction pump represents a centrifugal pump that is used to increase the flow rate at a constant speed. It has a spiral casing wherein water can enter through both sides of the impeller to hold the hydraulic balance. A double suction pump offers higher efficiency and lower maintenance as compared to single-suction pumps, owing to the reduced axial force. It assists in providing water supply for domestic, industrial, and agricultural purposes. A double suction pump is used in wastewater treatment plants for the desalination of brackish water and in hydropower plants for electricity generation. In addition, this pump finds widespread applications in flood-prone regions for water control purposes.
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Double Suction Pump Market Trends:
The launch of several policies by the government bodies to invest in water pollution prevention programs and campaigns, the escalating demand for high yield of crop production, and the expanding agriculture sector are among the primary factors driving the double suction pump market. Besides this, the elevating requirement for pure water for various industrial, domestic, and agricultural applications, on account of the increasing population across the globe, is further augmenting the market growth. Moreover, the extensive utilization of double suction centrifugal pumps in the marine industry for a proper operational and compatible cooling water supply and the development of hydropower plants across countries to meet the rising electricity needs are also catalyzing the global market.
Apart from this, the easy availability of innovative product variants across online and offline distribution channels is acting as another significant growth-inducing factor. Furthermore, the inflating number of desalination plants, especially in regions wherein potable water is scarce, is expected to bolster the double suction pump market in the coming years.
| Report Coverage | Details |
| Market size value in 2022 | US$ 21.92 Billion |
| Market forecast in 2028 | US$ 28.72 Billion |
| Growth Rate | CAGR of 4.51% from 2023 to 2028 |
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Double Suction Pump Market Analysis and Segmentation:
The report has segmented the market on the basis of type, material type, and end user.
Type Insights:
- Vertically Split
- Horizontally Split
The report has provided a detailed breakup and analysis of the double suction pump market based on the type. This includes vertically split and horizontally split double suction pumps. According to the report, horizontally split double suction pumps represented the largest segment.
Material Type Insights:
- Cast Iron
- Steel
- Polymer and Composite
A detailed breakup and analysis of the double suction pump market based on the material type has also been provided in the report. This includes cast iron, steel, and polymer and composite. According to the report, cast iron accounted for the largest market share.
End Use Insights:
- Power Generation
- Water and Wastewater Treatment
- Industrial
- Irrigation
- Marine
- Others
A detailed breakup and analysis of the double suction pump market based on the end use has also been provided in the report. This includes power generation, water and wastewater treatment, industrial, irrigation, marine, and others. According to the report, water and wastewater treatment accounted for the largest market share.
Regional Insights:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa. According to the report, North America was the largest market for double suction pumps. Some of the factors driving the North America market included the growing population, rising industrial activities, a considerable consumption of water and electricity, etc.
Competitive Landscape With Key Players:
The competitive landscape of the double suction pump market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Hayward Tyler Ltd.
- KSB SE & Co. KGaA
- Buffalo Pumps Inc. (Ampco-Pittsburgh Corporation)
- Sintech Precision Products Ltd.
- ITT Inc.
- Flowserve Corporation
- Neptuno Pumps Ltda
- Xylem Inc.
- Habermann Aurum Pumpen GmbH
- Sulzer Ltd.
- Hunan Credo Pump. Co. Ltd.
- Torishima Pump Mfg. Co. Ltd.
Kindly note that this only represents a partial list of companies. The complete list has been provided in the report.
This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market.
Key Highlights of the Report:
- Value Chain
- Market Outlook (2023-2028)
- Market Drivers and Success Factors
- Comprehensive Mapping of the Competitive Landscape
- SWOT Analysis
- Porter’s Five Forces Analysis
- Impact of COVID-19
- Market Performance (2017-2022)
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
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