Centrifugal Pump Market Report 2026

The centrifugal pump market size has grown strongly in recent years. It will grow from $43.46 billion in 2025 to $46.17 billion in 2026 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to industrial infrastructure development, expansion of water treatment facilities, growth in oil and gas operations, increasing agricultural irrigation demand, adoption of mechanical fluid handling systems.

The centrifugal pump market size is expected to see strong growth in the next few years. It will grow to $58.15 billion in 2030 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to smart pump adoption, stricter energy efficiency regulations, growth in wastewater reuse projects, industrial automation expansion, rising demand for reliable fluid transport. Major trends in the forecast period include rising demand for energy efficient pumping systems, increasing adoption in water and wastewater projects, growth of smart and connected pump solutions, expansion of centrifugal pumps in industrial processing, rising preference for low maintenance pump designs.

The growth of the agriculture sector is expected to drive the expansion of the centrifugal pumps market in the coming years. The agriculture sector encompasses the production, processing, and distribution of crops, livestock, and other agricultural products. This sector is expanding due to changes in dietary habits, increased awareness of environmental concerns, and greater investment in agricultural research, development, and infrastructure. Centrifugal pumps support agricultural operations by providing reliable water management, irrigation, and related solutions, thereby enhancing productivity and efficiency. For example, in February 2024, the Department for Environment, Food & Rural Affairs, a UK-based government agency, reported that the average farm business income (FBI) across UK farms rose significantly from $50,461 (£46,500) in 2020/21 to $78,133 (£72,000) in 2021/22. Therefore, the expansion of the agriculture sector is driving the centrifugal pumps market.

Leading companies in the centrifugal pump market are focusing on developing advanced products, such as magnetic drive (mag-drive) pumps, to improve efficiency, reduce maintenance, and enhance safety by eliminating the need for shaft seals. Mag-drive pumps are centrifugal pumps designed to remove traditional shaft seals, thereby minimizing maintenance costs and preventing leaks of hazardous fluids. For instance, in February 2024, DESMI, a Denmark-based industrial pump manufacturer, launched mag-drive centrifugal pumps capable of handling corrosive and volatile fluids safely. These pumps feature a hermetically sealed design and an efficient magnetic coupling system, ensuring reliable and safe operation in demanding environments. This technology enhances operational safety and efficiency, meeting the strict fluid-handling requirements of industries such as chemical processing and pharmaceuticals.

In March 2023, KSB, a Germany-based pump manufacturer, acquired Bharat Pumps for an undisclosed amount. Through this acquisition, KSB aims to strengthen its pump business in India by gaining full ownership of technology related to various pump products, including reciprocating and centrifugal pumps. Bharat Pumps is an India-based manufacturer specializing in the production of a wide range of pumps, including reciprocating and centrifugal types.

Major companies operating in the centrifugal pump market are Dover Corporation, Baker Hughes Company, Ingersoll Rand Incorporated, Alfa Laval AB, Ebara Corporation, Grundfos Holding A/S, Pentair Public Limited Company, Flowserve Corporation, Sulzer Brothers Ltd., ITT Inc., Weir Group plc, Gardner Denver LLC, CIRCOR International, Inc., Ruhrpumpen Group, DESMI A/S, Shakti Pump Limited, HERMETIC-Pumpen GmbH, Klaus Union GmbH & Co. KG, CP Pumpen AG, HOMA Pumpenfabrik GmbH, Mody Pumps Inc., PSP Pumps Private Limited.

Asia-Pacific was the largest region in the centrifugal pump market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the centrifugal pump market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the centrifugal pump market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The centrifugal pump market consists of sales of inline pumps, vertical pumps, submersible pumps, end suction pumps, and horizontal split case pumps. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.