The global centrifugal pump market size reached US$ 32.3 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 47.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2023-2032.
A centrifugal pump is a mechanical device that is designed to increase the pressure of fluids during transportation. It converts the rotational kinetic energy to hydrodynamic energy, which is used for accelerating fluids, such as chemicals, water, wastewater, sludge treatment liquids, bleaches, oil and resins. The fluid enters the pump impeller, which is placed near the rotating axis and is accelerated and moved radially into a diffuser, from where it exits. Some of the common types of centrifugal pumps include single-stage, multi-stage, axial, submersible, circular flow and mixed flow pumps. These pumps offer steady delivery, convenience for operation, vertical or horizontal mounting, high-speed movements and minimal maintenance requirements.
Rapid industrialization, along with increasing product demand from the wastewater treatment sector, is among the key factors driving the growth of the market. Furthermore, the growing need to replace existing industrial pumps in the pharmaceutical and food and beverage industries is also providing a boost to the market growth. In line with this, there is widespread product adoption in the oil and gas industry for conducting exploratory activities in offshore and deep-water fields across the globe. Additionally, various technological advancements, such as the development of 3D printed impellers and the utilization of modeling software, is acting as another growth-inducing factor. These advancements aid in enhancing the performance of the pumps, minimizing production costs and delivering a higher flow rate and outlet pressure. Other factors, including the growing demand for energy-efficient centrifugal pumps and increasing investments for desalination in industrial plants, are projected to drive the market further.
Vertically Suspended
Between Bearing
Two Stage Pump
Multi-Stage Pump
Radial Flow Pumps
Mixed Flow Pumps
Medium Capacity
High Capacity
Oil and Gas
Power Generation
Construction
Pharmaceuticals
Food and Beverages
Metals and Mining
Water and Wastewater
Others
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
What are the key regional markets?
What has been the impact of COVID-19 on the global centrifugal pump market?
What is the breakup of the market based on the impeller type?
What is the breakup of the market based on the stage?
What is the breakup of the market based on the flow type?
What is the breakup of the market based on the capacity?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global centrifugal pump market and who are the key players?
What is the degree of competition in the industry?
A centrifugal pump is a mechanical device that is designed to increase the pressure of fluids during transportation. It converts the rotational kinetic energy to hydrodynamic energy, which is used for accelerating fluids, such as chemicals, water, wastewater, sludge treatment liquids, bleaches, oil and resins. The fluid enters the pump impeller, which is placed near the rotating axis and is accelerated and moved radially into a diffuser, from where it exits. Some of the common types of centrifugal pumps include single-stage, multi-stage, axial, submersible, circular flow and mixed flow pumps. These pumps offer steady delivery, convenience for operation, vertical or horizontal mounting, high-speed movements and minimal maintenance requirements.
Rapid industrialization, along with increasing product demand from the wastewater treatment sector, is among the key factors driving the growth of the market. Furthermore, the growing need to replace existing industrial pumps in the pharmaceutical and food and beverage industries is also providing a boost to the market growth. In line with this, there is widespread product adoption in the oil and gas industry for conducting exploratory activities in offshore and deep-water fields across the globe. Additionally, various technological advancements, such as the development of 3D printed impellers and the utilization of modeling software, is acting as another growth-inducing factor. These advancements aid in enhancing the performance of the pumps, minimizing production costs and delivering a higher flow rate and outlet pressure. Other factors, including the growing demand for energy-efficient centrifugal pumps and increasing investments for desalination in industrial plants, are projected to drive the market further.
Key Market Segmentation:
The report provides an analysis of the key trends in each sub-segment of the global centrifugal pump market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on impeller type, stage, flow type, capacity and end-user.Breakup by Impeller Type:
Overhung ImpellerVertically Suspended
Between Bearing
Breakup by Stage:
Single Stage PumpTwo Stage Pump
Multi-Stage Pump
Breakup by Flow Type:
Axial Flow PumpsRadial Flow Pumps
Mixed Flow Pumps
Breakup by Capacity:
Small CapacityMedium Capacity
High Capacity
Breakup by End-User:
ChemicalsOil and Gas
Power Generation
Construction
Pharmaceuticals
Food and Beverages
Metals and Mining
Water and Wastewater
Others
Breakup by Region:
North AmericaUnited States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Baker Hughes (A GE Company), Circor International Inc., Ebara Corporation, Flowserve, Grundfos Holding, ITT Corporation, Pentair Inc., Someflu, Tsurumi Manufacturing Co. Ltd., Weir, Wilo SE, Xylem Inc., etc.Key Questions Answered in This Report:
How has the global centrifugal pump market performed so far and how will it perform in the coming years?What are the key regional markets?
What has been the impact of COVID-19 on the global centrifugal pump market?
What is the breakup of the market based on the impeller type?
What is the breakup of the market based on the stage?
What is the breakup of the market based on the flow type?
What is the breakup of the market based on the capacity?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global centrifugal pump market and who are the key players?
What is the degree of competition in the industry?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Centrifugal Pump Market
6 Market Breakup by Impeller Type
7 Market Breakup by Stage
8 Market Breakup by Flow Type
9 Market Breakup by Capacity
10 Market Breakup by End-User
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Baker Hughes (A GE Company)
- Circor International Inc.
- Ebara Corporation
- Flowserve
- Grundfos Holding
- ITT Corporation
- Pentair Inc.
- Someflu
- Tsurumi Manufacturing Co. Ltd.
- Weir
- Wilo SE
- Xylem Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | July 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 32.3 Billion |
| Forecasted Market Value ( USD | $ 47.2 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
