Market Share of Multi-Stage Centrifugal Pumps Industry
The multi-stage centrifugal pump market comprises several global and regional players vying for attention in a contested space. Although the market studied poses high barriers to entry for new players, several new entrants have gained traction.
Market leaders, such as Kirloskar Brothers Limited, Baker Hughes Company, Xylem Inc., and others, have a considerable influence on the overall market, with access to well-established distribution networks.
The brand identity associated with the major vendors has become synonymous with various product offerings in the global market. These firms have continuously expanded their operational scales by focusing on market expansions and acquisitions. Furthermore, many vendors in the market are dedicating their R&D efforts to capturing unexplored domains and forming partnerships for sustainability. The same is true for geographic expansion strategies.
Market growth is supported by the development of highly energy-efficient, reliable, and operationally productive multi-stage centrifugal pumps, which increase competition in the market’s supply side. Overall, the intensity of competitive rivalry among the vendors in the market studied is expected to be high and remain the same over the forecast period.
Multi-Stage Centrifugal Pumps Market Leaders
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Kirloskar Brothers Limited
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Baker Hughes Company
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Circor International Inc.
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Ebara Corporation
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The Weir Group
*Disclaimer: Major Players sorted in no particular order
