|By Business Wire||
|August 20, 2014 06:09 AM EDT||
Research and Markets (http://www.researchandmarkets.com/research/pp92rj/global) has announced the addition of the "Global Centrifugal Pump Market 2014-2018" report to their offering.
The Global Centrifugal Pump market to grow at a CAGR of 4.22% over the period 2013-2018
Micro disc pump technology enables manufacturers to develop small-size energy-efficient disc pumps. Emerging trends such as miniaturization, portability, and discrete operation drive the demand for small, silent, energy-efficient, and high-performance pumps. The disc pump is already being used in wound therapy applications and it is also now suitable for other portable medical applications such as blood pressure measurement. In addition, disc pumps can be used in micro-fluidic and centrifugal applications where size, noise, and controllability are important factors.
According to the report, The Global Centrifugal Pump market has many growth drivers. One of the main drivers is the increase in infrastructural development. Several countries such as India and China are focusing on the development of their infrastructure along with urbanization to meet the demands of the growing population. Increasing demand from the Process industries is another factor that is contributing to the growth of the market.
Further, the report states that despite the impressive growth, the Global Centrifugal Pump market faces some serious challenges. One of the main challenges is the lack of product differentiation. There are several local and regional vendors present in the market providing end-to-end industrial solutions at lower prices.
The report also includes a discussion of the other vendors operating in this market. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
- Flowserve Corporation
- ITT Corporation
- KSB AG
- Sulzer Ltd.
Other Prominent Vendors
- Baker Hughes
- Clyde Union
- Weir Group
For more information visit http://www.researchandmarkets.com/research/pp92rj/global