Circulating Success: Insights into the Global Centrifugal Pump Market
The centrifugal pump market experienced a significant surge, marking revenues nearing US$35 Bn in 2021. Spurred by tightening regulations around water treatment and purification, the market finds itself poised for substantial growth in the foreseeable future.
Escalating Demand in Water and Wastewater Treatment PlantsWith water scarcity becoming an increasing global concern, the demand for wastewater treatment plants is projected to soar in the upcoming years. The World Health Organization (WHO) predicts that by 2026, almost half of the global population could find themselves in water-stressed areas. Centrifugal pumps, recognized for their adeptness in large-volume pumping, have become instrumental in water and wastewater treatments.Governmental bodies have taken note, laying down stringen...