Centrifugal Pump Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031

The Global Centrifugal Pump Market is projected to expand from USD 43.91 Billion in 2025 to USD 59.25 Billion by 2031, reflecting a CAGR of 5.12%. These mechanical devices, which function by converting rotational kinetic energy into hydrodynamic energy to transport fluids, are witnessing heightened demand due to the urgent need for effective water and wastewater management systems amidst rapid urbanization and population growth. Additionally, the steady progress of industrialization in developing economies, coupled with the persistent necessity for advanced irrigation methods in the agricultural sector, underpins a reliable baseline for capital investment in fluid handling infrastructure.

However, the sector encounters significant hurdles arising from strict energy efficiency mandates, which elevate manufacturing expenses and require ongoing technical modifications to ensure compliance. Despite these regulatory pressures, emerging markets continue to offer substantial avenues for expansion, particularly in infrastructure development. For instance, data from the VDMA highlights that orders for large-scale plant engineering from Africa reached 2.4 billion euros in 2024, demonstrating the growing potential for fluid management initiatives in developing regions and suggesting that the industry can successfully balance regulatory challenges with geographical expansion.

Market Drivers

The substantial development of water and wastewater treatment infrastructure serves as a major engine for market growth, driving the need for high-capacity fluid handling systems in both municipal and industrial settings. Utilities and governments are heavily investing in the modernization of aging networks and the construction of new facilities to address sanitation needs and water scarcity, requiring reliable pumps for processes such as desalination, filtration, and sewage transport. Illustrating this commitment, the regulator Ofwat proposed an 88 billion GBP spending package in July 2024 for water companies in England and Wales to execute vital infrastructure upgrades, translating into significant procurement opportunities for centrifugal units.

Simultaneously, the revival of upstream and downstream activities within the oil and gas sector is profoundly impacting market dynamics, as rising energy consumption prompts increased capital expenditure for extraction and refining enhancements. Centrifugal pumps are essential for these rigorous operations, handling crude transfer and injection in demanding environments. According to the International Energy Agency's June 2024 report, global upstream oil and gas investment is projected to rise by 7 percent to 570 billion USD in 2024, ensuring continued demand for high-pressure, API-compliant pumps. This strong industrial demand is reflected in the financial results of major players, such as Flowserve Corporation, which reported total bookings of 4.33 billion USD in its 2023 Annual Report.

Market Challenges

Rigorous energy efficiency mandates pose a formidable obstacle to the expansion of the Global Centrifugal Pump Market by inflating production costs and distorting competitive dynamics. Manufacturers are forced to direct substantial capital toward research and development to redesign hydraulic systems and incorporate advanced motor technologies, which inevitably raises unit production costs and final prices. This inflationary pressure can suppress demand, particularly within cost-conscious industrial sectors where initial expenditure is a critical factor, effectively retarding the uptake of compliant, high-efficiency pumping solutions.

Furthermore, the industry struggles with a significant disparity between regulatory standards and their actual enforcement, resulting in an uneven playing field. Manufacturers who strictly adhere to these costly standards frequently lose market share to lower-priced competitors that circumvent the rules. A 2024 study by the British Pump Manufacturers Association notably found that 85% of circulator pumps imported into the UK failed to meet current energy efficiency regulations. This widespread presence of non-compliant goods inhibits market growth by undermining the revenue of legitimate manufacturers and disincentivizing the continuous investment required for technological innovation.

Market Trends

The adoption of Industrial IoT and intelligent monitoring ecosystems is radically altering the Global Centrifugal Pump Market, moving the focus from pure hardware to comprehensive lifecycle management. Operators are increasingly deploying sensor-equipped pumps that leverage digital twin capabilities and real-time analytics to foresee mechanical failures, thereby reducing unplanned operational interruptions and enhancing energy efficiency. This shift is especially strong in water utilities and industrial sectors, as evidenced by Xylem Inc., which reported in February 2025 that its segment covering these smart technologies generated full-year revenue of 1.87 billion USD.

In parallel, the proliferation of solar-powered pumping systems is establishing a vital growth trajectory, particularly within agricultural and off-grid areas. These sustainable units offer distinct advantages over traditional diesel-powered alternatives, including lower operational costs and resilience against fuel price fluctuations, which supports global decarbonization objectives. Governments in developing nations are actively subsidizing these technologies to improve irrigation security, a trend clearly visible in India where the PM-KUSUM Yojana update in December 2025 confirmed that cumulative installations of solar pumps under the national scheme have surpassed 1 million units.

Key Players Profiled in the Centrifugal Pump Market

• Grundfos Holding A/S
• Flowserve Corporation
• Sulzer Ltd.
• Xylem Inc.
• KSB SE & Co. KGaA
• Ebara Corporation
• ITT Corporation
• Kirloskar Brothers Limited
• The Weir Group PLC
• Dover Corporation

Report Scope

In this report, the Global Centrifugal Pump Market has been segmented into the following categories:

Centrifugal Pump Market, by Type:

• Overhung Impeller
• Vertically Suspended
• Between Bearing

Centrifugal Pump Market, by Impeller Type:

• Open
• Partially Open
• Enclosed

Centrifugal Pump Market, by Operation Type:

• Electric
• Hydraulic
• Air Driven

Centrifugal Pump Market, by Stage:

• Single-Stage
• Multi-Stage

Centrifugal Pump Market, by End User:

• Commercial
• Residential
• Industrial (Water
• Wastewater
• Chemicals
• Oil & Gas
• Power
• Others)

Centrifugal Pump Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Centrifugal Pump Market.

Available Customization

The analyst offers customization according to your specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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