End Suction Single Stage Pump Industry - Regional Synopsis
On the basis of geographical analysis, the end suction single stage pump market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific industry is set to dominate majority revenue share by 2037, due to presence of large agriculture land, with a huge population engaged in farming. Moreover, the growing demand for water in middle-income countries, backed by water scarcity, is anticipated to propel the market growth. For instance, a report by Asia-Pacific Center for Security Studies (APCSS) stated that in China, over USD 11.2 billion loss is caused in industrial output each year due to water shortage. The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the presence of major market players in the region, manufacturing the centrifugal pumps. Moreover, the efficient industrial infrastructure in the region supports the growth of the regional end suction single stage pump market.
