Recent Study: Centrifugal Pumps Market to Record a Sluggish CAGR of 4.6% Throughout 2015-2025
Refurbishing of ageing manufacturing plants and pumping systems, combined with increasing exploration activities for new sources of water is driving global demand for centrifugal pumps. However, long replacement cycles and proliferation of low cost pumps made in China, can pose challenges to growth. These insights are according to FMI's new report, "Centrifugal Pumps Market: Global Industry Analysis and Opportunity Assessment, 2015-2025", which estimates global centrifugal market revenues to increase at 4.6% CAGR and reach US$ 48.3 Bn by 2025.
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