Split Casing Pump Market

Global Split Casing Pump Market Size (2024-2032):

The size of the global split casing pump market was worth USD 7,951 million in 2023. The global market is anticipated to grow at a CAGR of 6.2% from 2024 to 2032 and be worth USD 13,663 million by 2032 from USD 8,444 million in 2024.

Current Scenario of the Global Split Casing Pump Market

A Split Casing Pump is a strong water pump that can move lots of water quickly. The pump uses a special spinning part called an impeller to suck water in from both sides and push it out fast. These pumps are commonly used for tasks requiring significant water flow, like supplying water to extensive areas or cooling down buildings. They are durable and have a long lifespan, but they are not ideal for applications requiring extremely high pressure. Overall, Split Casing Pumps are essential for efficiently moving substantial amounts of water in various industries.

MARKET DRIVERS

The split casing pump market is growing due to the rising demand for water supply systems and irrigation in cities and industries.

As more places urbanize, the Split Casing Pump market is growing due to expanding urban areas and industries that need more water supply and distribution systems. These pumps are widely used in water treatment plants, supplying water networks, and irrigation systems, these factors making them in high demand. As cities and industries continue to grow, the need for Split Casing Pumps keeps increasing to handle the growing market demand for water.

The Split Casing Pump market is booming because these pumps are widely used in industries for many tasks. They play a big role in HVAC systems, power generation, mining, and oil & gas operations. As industries grow and need more water-moving power, the market demand for Split Casing Pumps keeps rising. They are trusted for their efficiency and reliability; This makes them essential tools in various industrial processes. 

MARKET RESTRAINTS

The Split Casing Pump market may face challenges due to its higher initial cost.

These pumps are bigger and more intricate, leading to higher purchase and installation expenses compared to some other pumps. For cost-conscious buyers or smaller businesses, this higher investment might be a drawback. However, these pumps' durability and efficiency still make them a valuable choice for industries that require high water flow rates, where the long-term benefits outweigh the initial costs.

MARKET OPPORTUNITIES

The split casing pump market has a great opportunity in the emerging renewable energy sector, especially in hydropower projects. These pumps are well-suited for moving large amounts of water in hydropower plants, making them essential for generating clean energy from water. As the demand for renewable energy grows, the market demand for split casing pumps in hydropower projects is expected to increase and provide a chance for pump manufacturers to cater to this expanding sector and contribute to sustainable energy production.

The split casing pump market has promising opportunities with the expansion of oil and gas exploration. These pumps play a crucial role in handling different fluids during extraction and transportation processes. As the market demand for oil and gas rises, the need for reliable pumps like Split Casing Pumps will also grow. Pump manufacturers have a chance to cater to this sector by providing efficient and durable pumps that meet the demanding requirements of the oil and gas industry. 

IMPACT OF COVID-19 ON THE GLOBAL SPLIT CASING PUMP MARKET

The COVID-19 pandemic had a big impact on the split casing pump market. When the pandemic started, industries faced disruptions and had to delay projects due to lockdowns and supply chain problems. This led to a drop in pump demand as companies cut back on spending. However, as things got better and industries started operating again, the market began to recover. The focus on water management, renewable energy, and infrastructure projects created opportunities for pump sales. Also, the need for energy-efficient solutions boosted the demand for split casing pumps. Despite challenges, the market shares are slowly getting back on track and adjusting to the new post-pandemic situation.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Split Casing Pump Market Analysis By Pump

Horizontal split casing pumps hold a significant market share due to their versatility in handling various flow rates and pressures, space efficiency requiring less floor space, ease of maintenance with accessible internal components, and high efficiency that reduces energy consumption and operating costs.

Global Split Casing Pump Market Analysis By Application

Water and wastewater management dominates the split casing pump market value due to increasing urbanization, which demands efficient water distribution and sewage management systems and stricter environmental regulations that require reliable and efficient pumps for large-scale water treatment processes.

Global Split Casing Pump Market Analysis By End-User

Water and wastewater treatment plants dominate the split casing pump market size due to population growth and rapid urbanization. Increasing populations drive the demand for clean water, leading to the need for efficient treatment plants with reliable split casing pumps. Urbanization strains existing water infrastructure, prompting upgrades and expansions that rely on these pumps for effective water management.

REGIONAL ANALYSIS

North America is dominating the split casing pump market shares, followed by Europe because they have strong industries and advanced water systems. Industries like oil & gas, chemicals, power generation, and manufacturing need these pumps. They also care about water management and follow strict environmental rules, so they use reliable pumps for water treatment. In Asia-Pacific, rapid urbanization and a growing population create a big market for split casing pumps. The region's industries and energy demand also boost the need for these pumps. In the Middle East and Africa, water scarcity leads to investments in water management and treatment plants using split casing pumps. Their oil & gas activities also rely on these pumps. Latin America's growing industries, such as mining and agriculture, use split casing pumps for fluid handling and water management. Infrastructure projects also need these pumps for construction and water supply.

KEY PLAYERS IN THE GLOBAL SPLIT CASING PUMP MARKET

Companies playing a prominent role in the global split casing pump market include Grundfos, Sulzer, KSB Group, Ebara Corporation, Flowserve Corporation, Xylem Inc., Wilo SE, Weir Group PLC, ITT Inc., Ruhrpumpen Group, and Others.

RECENT HAPPENINGS IN THE GLOBAL SPLIT CASING PUMP MARKET

• In 2021, Grundfos has been focusing on developing energy-efficient split casing pumps with advanced technologies to meet the growing demand for sustainability and energy conservation.
• In 2022, Sulzer has been actively expanding its product portfolio in the split casing pump market by introducing innovative designs and incorporating smart technologies to improve pump performance and reliability.

DETAILED SEGMENTATION OF THE GLOBAL SPLIT CASING PUMP MARKET INCLUDED IN THIS REPORT

This research report on the global split casing pump market has been segmented and sub-segmented based on pump, application, end-user and region.

By Pump

• Horizontal 
• Vertical 

By Application

• Water and Wastewater Management
• Industrial Processes 
• Agriculture and Irrigation 
• HVAC Systems
• Others 

By End-User

• Municipal
• Oil & Gas
• Chemicals
• Power Generation
• Water and Wastewater Treatment Plants
• Agriculture
• Construction
• Others

By Region

• North America 
• Europe 
• Asia Pacific
• Latin America 
• Middle East & Africa