Multi-stage Radial Flow Pump for Water & Wastewater Treatment Market Outlook:
The global multi-stage radial flow pump for water & wastewater treatment market was estimated at USD 801.98 Million in 2023 and is anticipated to reach USD 1,843.64 Million by 2032, expanding at a CAGR of 9.9% during the forecast period.
A radial flow pump, also referred to as a centrifugal pump, is a type of velocity pump that uses a rotating impeller to displace different volumes of water per rotation, depending on the speed of rotation. Therefore, water is expelled perpendicular to the shaft. These pumps are highly beneficial in emergency situations and are well-suited for water and wastewater treatment applications, particularly for handling large volumes of pumping. The growth of the radial flow pump market is driven by the increasing demand for water and wastewater management in developed nations and the substantial investments in the wastewater treatment industry, prompted by rapid urbanization.
Multi-stage radial flow pumps have higher efficiency and have ability to pump fluids at high pressure. Thus, these pumps are preferred choice in the water and wastewater treatment industry. These pumps use centrifugal force to generate flow and pressure, which allows them to move liquids over long distances or against high pressures. They commonly transfer sewage and treated effluent in wastewater treatment plants. Multistage centrifugal pumps offer the benefit of improved efficiency, due to tight impeller clearances and small impeller diameters. Thus, these high-speed centrifugal pumps play a crucial role by efficiently and effectively moving the waste from the building sewage system to the treatment plant.
Macro-economic Factors
Rising Industrialization
The industrial sector plays a key role in fostering socioeconomic resilience. Industrialization is driven by many factors, such as government policy, labor-saving inventions, entrepreneurial ambitions, and high demand for goods & services. Industrialization has a significant impact on the mass production of goods and services across the globe. Thus, industrialization contributes to economic growth by enhancing productivity, innovations, and exports throughout the globe. Rapid urbanization and industrialization have inextricably linked to water consumption and wastewater generation.
The volume of wastewater generated annually has been increasing especially in the water scarce regions due to rising industrialization and growth in urbanization, causing serious threat to ecosystem and public health. Wastewater treatment plants play a pivotal role in valuing water resources and have a profound economic impact. The degradation of water quality globally is a consequence of heightened discharges of untreated sewage, along with agricultural runoff and the insufficient treatment of wastewater from industries. Thus, governments are taking efforts for the wastewater and sewage treatment, which surges the demand for essential equipment required in the wastewater treatment plants such as radial flow pumps.
Stringent Government Policies
Governments across the globe have acknowledged the urgency of addressing this issue and have taken various measures to enhance wastewater treatment infrastructure and promote sustainable practices. The primary focus lies in expanding treatment capacities, enacting strict regulations, and creating awareness about the significance of wastewater management. Proper wastewater treatment offers multiple environmental benefits that contribute to the overall well-being of ecosystems and communities. Many countries and governments are actively investing in wastewater treatment infrastructure, supporting public-private partnerships, strengthening regulatory frameworks, and raising awareness about the advantages of responsible wastewater management. Additionally, the implementation of decentralized treatment systems, encouragement of water recycling & reuse, and integration of sustainable practices across industries and sectors result in a comprehensive and effective wastewater management system. Thus, rising government initiatives and policies impact the water wastewater treatment market and further drive the multi-stage radial flow pumps market.
Multi-stage Radial Flow Pump for Water & Wastewater Treatment Market Dynamics
Market Driver- Declining Freshwater Sources
Extreme weather events become increasingly frequent with accelerating climate changes, and high temperatures pose a risk to freshwater supply and people's health. The changing climate is associated with an increase in drought occurrences, leading to a significant reduction in freshwater reserves in certain regions. The depletion of freshwater resources is influenced by various interconnected factors, which collectively contribute to the escalating global water crisis. Various environmental agencies and government authorities have imposed strict regulations and guidelines to reduce water pollution and promote water conservation to tackle this issue. Water and wastewater treatment lowers the contamination of fresh water. Thus, various economies and governments are taking efforts for the enhancement of wastewater treatment plants. These efforts include deploying technologically advanced machineries and equipment which are essential for the smooth functioning of treatment plants. Hence, increasing focus on wastewater treatment plants surges the demand for multi-stage radial flow pumps.
Market Driver- Growing Demand for Energy-Efficient and Advanced Water Treatment Technologies
The global multi-stage radial flow pumps market is being shaped by the growing demand for energy-efficient and advanced water treatment technologies. This increasing focus on sustainability, operational efficiency, and responsible resource management is driving the market. Businesses are recognizing the importance of energy efficiency in reducing operational costs and achieving their sustainability objectives. Multi-stage centrifugal pumps are able to operate at higher performances with a smaller motor size and using less energy. This pump has small impeller diameters and clearances, which accelerates the improved performance and efficiencies at less horsepower. Thus, the energy usage in this pump is lower than majority of alternatives. The adoption of energy-saving pumps offers industries a range of benefits in terms of cost savings and environmental impact. This factor contributes to the growth of multi-stage radial flow pumps market.
Market Restraint- Limited Space and Infrastructure for Treatment Plants
One of the biggest challenges in water and wastewater treatment industry is the availability of space and infrastructure. Wastewater treatment facilities require large land areas and produces pungent odor & unpleasant sight. Wastewater treatment plants require substantial land allocation, and the rising population, particularly in urban areas, has led to increased land prices, presenting a notable challenge for these facilities. Urban wastewater management represents a significant challenge in numerous countries, as infrastructure development and regulatory measures have not kept pace with population growth and urbanization trends. In urban settings, the acquisition of space for building new treatment plants or upgrading existing ones is a daunting task. Moreover, public opposition arises due to concerns about noise and odor, particularly when development is proposed near residential areas. All these factors pose a threat to the industrial and municipal wastewater treatment plants and further hinders the demand for multi-stage radial flow pumps.
Market Opportunity- Increasing Focus on Decentralized Wastewater Treatment Facilities
Decentralized wastewater treatment is a method of locating water or wastewater treatment facilities at the source of supply or demand. It offers a flexible and sustainable alternative to large-scale treatment plants that rely on extensive and expensive supply and delivery infrastructure. Advances in cost-effective technology, coupled with the use of containerized packaging, are making decentralized treatment more feasible than before. Onsite and decentralized wastewater treatment systems have the potential to provide affordable solutions and mitigate environmental risks in both urban and rural areas, even in challenging and unconventional locations. These treatment facilities offer a promising solution to address the growing sanitation challenges in developing countries. These systems serve as a viable alternative for both areas that lack access to sewer networks and newly developed regions. Therefore, various developing as well as developed economies are significantly investing and focusing on decentralized treatment facilities. This factor provides significant growth opportunity for the multi-stage radial flow pumps market. These pumps provide small footprint and are energy-efficient which are appropriate for decentralized treatment facilities.
Scope of Multi-stage Radial Flow Pump for Water & Wastewater Treatment Market Report
The report on the global multi-stage radial flow pump for water & wastewater treatment market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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Global Multi-stage Radial Flow Pump for Water & Wastewater Treatment Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
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Base Year
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2023
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Historic Data
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2017 and 2022
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Forecast Period
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2024–2032
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Segmentation
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Type (Horizontal Multistage Radial Flow Pump and Vertical Multistage Radial Flow Pump), Pump Casing Material (Cast Iron, Stainless Steel, Bronze and Others), Flow Rate (Up to 100 m³/h, 100 to 500 m³/h, and Above 500 m³/h), Sales Channel (Manufacturers to Consumers (Direct), and Distributors to Consumers (Indirect))
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Regional Scope
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North America, Europe, Asia Pacific, Latin America and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered
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EDUR, KIRLOSKAR BROTHERS LIMITED, Sintech Precision Products Ltd., Sulzer Ltd, Zhejiang Binter Electric Machinery Co.,Ltd., WILO SE, Haoshpump, Oswal Pumps, and others.
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Multi-stage Radial Flow Pump for Water & Wastewater Treatment Market Segmental Outlook
Based on type, the global multi-stage radial flow pump for water & wastewater treatment market is segmented into horizontal pumps and vertical pumps. The horizontal segment held 64.3% market share in 2023. Horizontal multi-stage radial flow pumps generate higher flow rates as compared to vertical centrifugal pumps. Therefore, this type of pump is well suited for large-scale applications or industries which requires high flow rate. The water and wastewater treatment industry requires high flow rate operating technology to transfer the fluid from long distances against high pressures. This factor contributes to the growth of this segment.
Based on pump casing material, the global multi-stage radial flow pump for water & wastewater treatment market is segmented into cast iron, stainless steel, bronze, and others. The cast iron segment held 47.7% market share in 2023. Cast iron is significantly preferred material for pumps casing in water and wastewater treatment applications. Cast iron is a strong material which resists the pressure generated in the application. This material provides high tensile strength and abrasion resistance which is associated to high-pressure ratings. Cast iron offers excellent resistance to corrosion, making it well-suited for handling a wide range of aggressive fluids, including acids, alkalis, and saltwater.
On the basis of flow rate, the global market is categorized as up to 100 m³/h, 100 to 500 m³/h, and above 500 m³/h. The 100 to 500 m³/h segment held 49.4% in 2022. Multi-stage centrifugal pumps are often employed in water and wastewater treatment industry for its ability to handle high flow rates. These pumps have multiple impellers and are used for high-pressure applications, such as water supply.
On the basis of sales channel, the global multi-stage radial flow pump for water & wastewater treatment market is categorized into manufacturers to consumers (direct) and distributors to consumers (indirect). The indirect segment is growing rapidly as it is highly preferred by buyers for buying equipment or machines. However, the consumer companies are currently seeking the option of direct buying such as from manufacturers directly and eliminating the intermediaries. This helps them to reduce the purchasing cost and increases the visibility of the product.
Regional Outlook
On the basis of region, the global multi-stage radial flow pump for water & wastewater treatment market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
The market in Europe held XX% market share in 2023, and the market in Asia Pacific is projected to expand at XX% CAGR during the forecast period. Europe has historically been a world pioneer in the water industry. European Commission (EC) has adopted The Urban Wastewater Directive (UWWTD) on 21 May 1991. Since then, Europe has been investing heavily in water treatment industry and has now a well-established wastewater treatment sector driven by strict environmental directives and a focus on resource recovery. Various countries in Europe such as Germany, France, and the UK have implemented advanced treatment methods and are investing in research and development for efficient and eco-friendly wastewater treatment processes. The growth of multi-stage radial flow pumps in this region is driven by increasing focus on wastewater treatment plants, due to the increasing prevalence of waterborne diseases, rapidly diminishing freshwater resources, rising initiatives for zero liquid discharge, and stringent water treatment regulations.
Key Benefits for Industry Participants & Stakeholders
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In-depth Analysis of the Global Multi-stage Radial Flow Pump for Water & Wastewater Treatment Market
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Historical, Current, and Projected Market Size in terms of Value
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Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
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Industry Drivers, Restraints, and Opportunities Covered in the Study
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Recent Industry Trends and Developments
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Competitive Landscape & Strategies of Key Players
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Neutral Perspective on Global Multi-stage Radial Flow Pump for Water & Wastewater Treatment Market Performance
Segments
By Type
- Horizontal Multistage Radial Flow Pump
- Vertical Multistage Radial Flow Pump
By Pump Casing Material
- Cast Iron
- Stainless Steel
- Bronze
- Others
By Flow Rate
- Up to 100 m³/h
- 100 to 500 m³/h
- Above 500 m³/h
By Sales Channel
- Manufacturers to Consumers (Direct)
- Distributors to Consumers (Indirect)
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
By Key Players
- EDUR
- KIRLOSKAR BROTHERS LIMITED
- Sintech Precision Products Ltd
- Sulzer Ltd
- Zhejiang Binter Electric Machinery Co.,Ltd
- WILO SE
- Haoshpump
- Oswal Pumps
- Others
Competitive Landscape
Manufacturers operating in the global multi-stage radial flow pump for water & wastewater treatment market are EDUR, KIRLOSKAR BROTHERS LIMITED, Sintech Precision Products Ltd., Sulzer Ltd, Zhejiang Binter Electric Machinery Co.,Ltd., WILO SE, Haoshpump, Oswal Pumps, and others.
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