As technology is steering the market toward predictive maintenance and diagnostics, manufacturers are looking out for efficient and automated smart pumps that are environmentally friendly. Centrifugal pumps help in the seamless transportation of fluids by converting mechanical energy into kinetic energy. Increase in the construction activities, rising need for power generation, and surge in the number of small-scale industries are the factors augmenting the adoption of centrifugal pumps market. However, the centrifugal pumps market is subjected to certain challenges such as unorganized oil and gas drilling activities and prevalence of low-cost alternatives. With years of expertise in market research, the industry experts at Infiniti offer actionable insights into the centrifugal pumps market in terms of the market dynamics, market players, and segmentation of the market.
The Business Challenge
A leading supplier of plants, equipment, and services for hydropower stations was facing challenges understanding the market landscape and the demand from end user industry verticals for various centrifugal pump types. The client also wanted to assess the current and expected market trends to determine potential business opportunities.
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Our Research Methodology
To gain an in-depth understanding of the market landscape, Infiniti’s industry experts carried out extensive research comprising of interviews and discussions with centrifugal pumps market experts, product managers, procurement experts, decision makers and influencers, and analysts. To identify stakeholders for primary research, the experts also conducted secondary research through proprietary and open data sources, centrifugal market research reports, white papers, magazines, and publications.
Our Solution Helped the Client
- Segment the market based on pump type and market size – vertically suspended pumps, between bearings pumps, and overhung impeller pumps.
- With the segmentation of the market based on end user verticals
- Identify major players, suppliers, and channel partners in the market
- Gain actionable insights on sales, demand, emerging applications in the market
Benefits of Our Integrated Approach
In a short span of eight weeks, the client gained a holistic view of the centrifugal pumps market in terms of the market size, market dynamics, market segmentation, market players, customers, and competitors. The engagement also identified the latest and emerging trends for centrifugal pumps, demand for various pump types, and uses in various industry verticals.