According to Future Market Insights (FMI), 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. The new report released by the company namely ‘Centrifugal Pumps Market: Global Industry Analysis and Opportunity Assessment, 2015-2025' suggests that long replacement cycles and proliferation of low cost pumps made in China, can pose challenges to growth. Furthermore, it estimates that despite the challenge, the global centrifugal market revenue is expected to increase at 4.6 percent CAGR and reach US$ 48.3 Bn by 2025

The key trends identified in the centrifugal pumps market include preference for energy-efficient centrifugal pumps, high adoption of micro-disc pumping, and incorporation of variable frequency drive technology. Reducing the pump life cycle costs and development of supply chain network are key opportunities that leading players will look to leverage on going forward.

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