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Showing posts with the label Centrifugal Pump Market

Centrifugal Pump Market: Size, Growth, Regional Analysis, And Market Analysis

Centrifugal Pump: A centrifugal pump is a mechanical device that moves a fluid by transferring rotational energy from one or more impellers or driven rotors. Fluid enters the impeller along its axis and is cast out throughout its circumference by centrifugal force through the impeller's vane tips. The impeller's operation increases the fluid's velocity and pressure while also directing it to the pump's exit. The pump casing is designed to compress fluid entering the pump, direct it into the impeller, and then slow and control it before discharge. Market Growth: From an anticipated USD 36.6 billion in 2021, the global Centrifugal Pump Market will grow at a CAGR of 5.9% to USD 48.8 billion by 2026. The primary factors driving the growth of the centrifugal pump market are increased investments in the construction industry due to increasing urbanization and high demand for centrifugal pumps in the agriculture sector. The onset of the COVID-19 pandemic has halted the centri