Global Split Casing Pump Market Size By Type (Vertical and Horizontal), By Application (Sprinkler Systems, Hydrant Systems, Deluge Systems, Water Curtains), By End Use Verticals (Oil and Gas, Chemicals, Agriculture, Construction, Power, Waste Water), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Split Casing Pump Market Size By Type (Vertical and Horizontal), By Application (Sprinkler Systems, Hydrant Systems, Deluge Systems, Water Curtains), By End Use Verticals (Oil and Gas, Chemicals, Agriculture, Construction, Power, Waste Water), By Geographic Scope And Forecast
Split Casing Pump Market Size And Forecast
Split Casing Pump Market size was valued at around USD 7050 Million in 2021 and is projected to reach USD 12800 Million by 2030, growing at a CAGR of 6.89% from 2023 to 2030.
The rising demand from sectors including electricity generating, chemical processing, oil and gas, and water and wastewater treatment. Split Casing Pumps thrive in these sectors because they can handle both high flow rates and high-pressure applications. The market for Split Casing Pump is being propelled by technological developments that are enhancing pump performance, dependability, and efficiency. For instance, the use of variable frequency drives (VFDs) and Internet of Things (IoT)-enabled pumps enables real-time performance monitoring and optimization, while the use of 3D printing technology enables quick prototyping and more affordable manufacturing. The Global Split Casing Pump Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Split Casing Pump Market Definition
A Split Casing Pump is a kind of centrifugal pump that has a split casing construction. It is also referred to as a horizontal split case pump or a double suction pump. The split casing design of the pump allows for simple access to the interior parts for maintenance and repair since it divides the pump casing into two distinct portions. Split Casing Pump can efficiently handle enormous amounts of fluid and is frequently utilized in high flow rate applications. They are made to handle a variety of fluids, including chemicals, hydrocarbons, and water.
Split Casing Pumps are often utilized in several industrial applications, including oil and gas production, irrigation, HVAC systems, water supply and treatment, and power generation. The capacity of the Split Casing Pump to handle high flow rates and high-pressure applications is one of its main advantages. Due to their split casing design, which enables fast and simple access to interior components, they are also made to be maintenance-friendly. Split Casing Pumps, in general, are a significant kind of centrifugal pump that is frequently utilized in several industrial applications.
Global Split Casing Pump Market Overview
The Split Casing Pump Market is expanding as a result of the rising need for pumps that can handle high flow rates and high-pressure applications. Water supply and treatment, irrigation, HVAC systems, power generation, and the extraction of oil and gas are just a few of the industrial uses for Split Casing Pump. With so many competitors vying for customers, the market is fiercely competitive in terms of product performance, price, and quality.
Each company has a different flying strategy. For instance, KSB’s strategy is to continuously develop and improve its Split Casing Pump to meet the evolving needs of its customers. The company invests heavily in research and development to create new and innovative Split Casing Pump that offers improved performance and efficiency. With over maximum market share of the worldwide market share, Asia-Pacific is the region with the largest market for Split Casing Pumps.
The increasing need for pumps from several end-user sectors, including water and wastewater, oil and gas, and power production, is what propels the area. In addition, the region is anticipated to have the quickest rate of growth in the Split Casing Pump Market due to the rising industrialization and urbanization of nations like China and India.
Global Split Casing Pump Market Segmentation Analysis
The Global Split Casing Pump Market is segmented on the Basis of Type, Application, End Use Verticals, And Geography.
Split Casing Pump Market, By Type
Vertical
Horizontal
Based on the Type, the market for Split Casing Pump is bifurcated into Vertical and Horizontal. Horizontal Split Casing Pump are anticipated to make up the majority of the total revenue share during the projected period. Applications that call for a high flow rate, such water supply and HVAC systems, frequently employ horizontal Split Casing Pump. They work well in high pressure situations as well.
Split Casing Pump Market, By Application
Sprinkler Systems
Hydrant Systems
Deluge Systems
Water Curtains
Others
Based on the Application, the market for Split Casing Pump is bifurcated into Sprinkler Systems, Hydrant Systems, Deluge Systems, Water Curtains and Others. The market is expanding as a result of an increase in the use of Split Casing Pump in water and fire sprinkler systems for different commercial, industrial, and agricultural applications. The market is expanding due to increased installation of this system in various end-use applications to prevent potential fire hazards as well as rising adoption in residential applications such as apartments and buildings.
Split Casing Pump Market, By End Use Verticals
Oil and Gas
Chemicals
Agriculture
Construction
Power
Waste Water
Others
Based on the End Use Verticals, the market for Split Casing Pump is bifurcated into Oil and Gas, Chemicals, Agriculture, Construction, Power, Waste Water, and Others. The category of water and wastewater has shown the fastest expansion over the last several years. Split-case pumps are frequently used in water supply and treatment systems, as well as in flood prevention, irrigation, and desalination. Moreover, they can be utilized in industrial facilities, district heating systems, and power plants as cooling or circulating water pumps.
Split Casing Pump Market, By Geography
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
On the basis of Geography, the Global Split Casing Pump Market is classified into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Asia Pacific now has the biggest market share in the Split Casing Pump market and is expected to continue to do so for some time. The market has grown as a result of the expansion of the manufacturing sector, increased industrialization, increasing private and public investment in end-use sectors, and expanding government measures to support manufacturing and the economy. In addition, the region’s water, agricultural, and construction sectors are all growing.
Key Players
The “Global Split Casing Pump Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are ANDRITZ, Flowserve Corporation, Gardner Denver Inc., Grundfos Holding A/S, Hunan M&W Pump Co. Ltd, KSB SE & Co. KGaA, Ruhrpumpen Group amongst others. The competitive landscape section also includes information about the above competitors’ key development strategies, market share analyses, and market positioning analyses on a global scale.
Key Developments
In 2021, the US-based water technology company Xylem unveiled the e-XC single-stage, double-suction centrifugal pump. It has a split casing design. The pump has a distinctive hydraulic design that offers excellent efficiency and dependability and is intended for use in commercial and industrial applications.
In 2021, Grundfos acquired the Danish water treatment business Eurowater. The acquisition is anticipated to improve Grundfos’ competitive position in the water treatment industry and broaden its selection of products, which already includes Split Casing Pump.
In 2020, The new Omega split case pump series, developed for use in water supply, building services, and industrial applications, was introduced by KSB. The new pump series has a double volute casing, which lessens hydraulic radial forces and lengthens the life of the pump.
In 2019, Flowserve declared the release of its new Durco Mark 3 ISO chemical process pump with a split casing design. The pump has a small, space-saving design that makes installation and maintenance simple and is intended for use in chemical processing applications.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Split Casing Pump market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. The porter’s five forces model can be used to assess the competitive landscape in global Split Casing Pump market, gauge the attractiveness of a certain sector, and assess investment possibilities.
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