Centrifugal Pump Market Forecasts to 2028 – Global Analysis By Type (Between Bearing, Overhung Impeller), Capacity (Small, Medium, High), Product Type (Petroleum, Jet Pumps), End User (Construction, Energy) and By Geography
According to Stratistics MRC, the Global Centrifugal Pump Market is accounted for $34.56 billion in 2020 and is expected to reach $63.50 billion by 2028 growing at a CAGR of 7.9% during the forecast period. Surged investments in the global construction industry and high demand for centrifugal pumps from the agricultural sector are the major factors propelling the market growth. However, the cavitation effect in centrifugal pumps is hampering the market growth.
A centrifugal pump is a mechanical device that is designed to increase the pressure of fluids during transportation. It translates the rotational kinetic energy to hydrodynamic energy, which is utilized for accelerating fluids, such as water, chemicals, wastewater, sludge treatment liquids, bleaches, oil, and resins.
Based on the type, the overhung impeller segment is expected to dominate the market due to the extensive use of overhung impellers in commercial, residential, and industrial applications. In addition, it is also utilized in different end-use industries for power generation due to the low cost as compared to bearing pumps.
By geography, North America is going to have a huge demand due to the rise in expenditure on construction activities, coupled with rapidly developing industrial establishments. In addition, the increase in oil and gas production targets, coupled with substantial hydrocarbon reserves, is likely to aid in the expansion of this region.
Some of the key players profiled in the Centrifugal Pump Market include Baker Hughes Company, Circor International, Dover Corporation, Ebara Corporation, Flowserve Corporation, Grundfos, ITT Inc., and KSB SE & Co. KGaA, Pentair, Ruhrpumpen Group, Schlumberger Ltd, Someflu, Sulzer Ltd, Weir Group PLC, Wilo, and Xylem.
• Single Stage
• Flow Type
• Seal Less & Circular Pump
• Submersible Pump
• Two Stage Pump
• End Suction Pumps
• Positive Displacement Pump
Operation Types Covered:
• Between Bearing
• Overhung Impeller
• Vertically Suspended
• Long-Coupled Centrifugal Pump
• Close-Coupled Centrifugal Pump
Impeller Types Covered:
• Partially Open
• Small Capacity
• Medium Capacity
• High Capacity
Product Types Covered:
• Petroleum Industry
• Jet Pumps
• Peripheral Pumps
End Users Covered:
• Commercial & Residential
• Domestic Centrifugal Pumps
• Heating Ventilation and Air Conditioning (HVAC)
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
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