New York – December 10, 2023 - Research Nester’s recent market research analysis on “Multistage Pumps Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global multistage pumps market in terms of market segmentation by product type, material, application, end-use industry and by region.

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Surge in Demand for Agriculture Food to Boost the Growth of Global Multistage Pumps Market
The global multistage pumps market is set to grow on account of rising demand for agricultural food. The demand for agricultural products has increased. However, restricted access to electricity and water resources is just one of the many challenges that farmers face globally in their line of work. For agricultural irrigation to be efficient, there must be a constant flow of water, and agricultural pumps are designed and integrated as a part of the irrigation system to suit this need. These devices use mechanical force to move liquids from one place to another. By increasing the fluid's pressure, pumping allows water to move from a low-pressure area to a high-pressure one against gravity. The need for multistage pumps is increasing along with the increased demand for food produced by agriculture.

Furthermore, pumps with many stages can save a substantial amount of energy since they can achieve higher flow rates while consuming less power. The consequence might be a drop in energy costs for both people and businesses. Moreover, there has been an increasing inclination towards multistage pumps due to their much-decreased motor requirements. Governments and regulatory bodies are also putting in place several policies and initiatives that encourage the use of energy-efficient pumping systems, which will speed up the market's growth.

Some of the major growth factors and challenges that are associated with the growth of the global multistage pumps market are:
Growth Drivers:
• Growing Construction Activities
• Rising Concern for Sewage Water
Challenges:
Leading manufacturers face intense competition from unorganized sellers that provide low-cost, subpar products. The unorganized sector is made up of local and grey market players. Local businesses produce and market goods under their labels, whereas those involved in the grey market import and sell goods illegally. It is challenging for multinational corporations to match the pricing, competitiveness, and well-established local supply networks of these unorganized market actors, which offer them an advantage over larger competitors. The growing sales generated by local and grey market enterprises mean that international companies have fewer opportunities to increase their revenue and market share. This dynamic makes it challenging for foreign businesses to enter local markets, which restricts their investment in certain areas.

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By product type, the market for multistage pumps is segmented into horizontal, and vertical. Out of these, the horizon segment is set to grow over the forecast period. Numerous factors, including the world's expanding infrastructure construction activities, fast urbanization, and growing industrialization, can contribute to this expansion. The need for water and wastewater treatment facilities is also growing, which is propelling the market for horizontal multistage pumps.

By region, the market in Europe for multistage pumps is estimated to grow over the forecast period. The demand for multistage pumps in this region is anticipated to be driven by the growing population as well as government attempts to improve the infrastructure for the treatment of wastewater and water.

This report also provides the existing competitive scenario of some of the key players of the global multistage pumps market which includes company profiling of Franklin Electric, Atlas Copco Group, Shakti Pumps Ltd., Aquasub Engineering, Castle Pumps, Sulzer Ltd., VANSAN Water Technologies, Kirloskar Brothers Limited, Rovatti A. & Figli Pompe S.p.a., GUANGDONG LINGXIAO PUMP INDUSTRY CO., LTD., and others.

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