Centrifugal water pump in the study refers to a rotodynamic pump that uses a rotating impeller to increase the pressure and flow rate of fluid. The pumps are the most dynamic mechanical devices with applications in various industries and households. The rapid growth of the urban population is creating pressure on the existing water infrastructure, which includes delivery of utility water and removal and treatment of wastewater. To overcome the situation, various governments in Asia and Africa are expected to increase their spending on irrigation and drinking water schemes.

The increasing urbanization, infrastructure investment and growing disposable income of people in Asian countries act as opportunities for the centrifugal water pump market. The growing urbanization has increased awareness levels among consumers about the importance of clean water to help maintain a healthy lifestyle; thus, providing greater opportunity to the leading players of the centrifugal water pump market. In Twelfth Five Year Plan, the Indian government announced an investment of $1 trillion in the infrastructure sector. This is expected to drive the demand for centrifugal water pumps in key end-use sectors in the country.

Geographically, Asia-Pacific is expected to maintain its dominance in the global centrifugal water pump market during the forecast period. This is mainly due to the increasing urban population and industrialization in the emerging markets of China and India. Currently, the developing economies such as India and China are witnessing rapid industrialization and China is the world’s largest industrial producer.

Some of the major players operating in the global centrifugal water pump market include Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, Sulzer Ltd., KSB Aktiengesellschaft, Kirloskar Brothers Limited, ITT Corporation, Gardner Denver Inc., The Weir Group PLC. and Torishima Pump Mfg. Co.