Centrifugal Pump Market
Centrifugal Pump Market Forecasts to 2030 - Global Analysis By Type (Overhung Impeller, Vertically Suspended and Between Bearing), Stage (Single-stage and Multi-stage), Flow Rate, Pump Capacity, End User and By Geography
According to Stratistics MRC, the Global Centrifugal Pump Market is accounted for $42.3 billion in 2024 and is expected to reach $62.0 billion by 2030 growing at a CAGR of 6.6% during the forecast period. A centrifugal pump is a mechanical device that moves fluids by converting rotational kinetic energy from an impeller into hydrodynamic energy. The market encompasses the global industry involved in the production, distribution, and sale of centrifugal pumps. These pumps are crucial in various sectors such as water treatment, oil and gas, agriculture, and industrial applications. Market growth is driven by increasing demand for efficient fluid handling solutions and advancements in pump technologies.
According to the Energy Efficiency and Renewable Energy Office of the U.S. Department of Energy, Pumping systems account for nearly 20% of the world's industrial electrical energy demand and range from 25–50% of the energy usage in certain industrial plant operations.
Market Dynamics:
Driver:
Increasing demand for clean water and wastewater treatment
The rising need for clean water and effective wastewater management is a significant driver for the centrifugal pump market. As urbanization and industrial activities increase, the demand for reliable water supply and efficient wastewater treatment systems grows. Centrifugal pumps are essential in these applications due to their ability to handle large volumes of water and various types of waste. This demand is further fueled by stringent environmental regulations and the global focus on sustainable water management practices.
Restraint:
Fluctuations in raw material prices
The cost of materials such as steel, aluminum, and other metals used in pump manufacturing can vary due to market dynamics, geopolitical tensions, and supply chain disruptions. These price fluctuations can impact the profit margins of manufacturers, making it challenging to maintain competitive pricing. Consequently, this can lead to increased production costs and affect the overall competitiveness of the market.
Opportunity:
Growing industrialization in developing economies
As industries such as manufacturing, chemical processing, and water treatment expand, the demand for efficient fluid handling solutions increases. Centrifugal pumps are crucial for various industrial applications, including cooling, heating, and circulation processes. Economic growth in these regions leads to infrastructure development and modernization, further driving the need for advanced pump technologies. This trend offers lucrative market prospects for manufacturers and suppliers of centrifugal pumps, fostering innovation and market expansion.
Threat:
Stringent environmental regulations
Governments and regulatory bodies worldwide are implementing stricter standards to reduce environmental impact and promote sustainability. These regulations often require manufacturers to invest in research and development to create more energy-efficient and eco-friendly pump designs. Compliance with these regulations can increase production costs and create barriers to market entry, particularly for smaller companies.
Covid-19 Impact:
The Covid-19 pandemic had a mixed impact on the centrifugal pump market. While it caused disruptions in supply chains and delayed projects, it also highlighted the importance of reliable water and wastewater management systems. The demand for centrifugal pumps in essential services like water supply and pharmaceuticals remained steady, and the market is expected to recover as economic activities resume and infrastructure projects restart.
The single-stage segment is expected to be the largest during the forecast period
The single-stage segment is anticipated to dominate the centrifugal pump market due to its widespread use in various applications, including water supply, irrigation, and industrial processes. Single-stage pumps are favored for their simplicity, reliability, and cost-effectiveness. They are particularly suitable for low to moderate pressure applications, making them ideal for a broad range of industries. The versatility and ease of maintenance of single-stage pumps contribute to their leading position in the market.
The water and wastewater segment is expected to have the highest CAGR during the forecast period
The water and wastewater segment is projected to experience the highest CAGR due to the increasing focus on sustainable water management and stringent environmental regulations. Centrifugal pumps are crucial in water treatment plants, sewage systems, and desalination projects. The growing need for efficient and reliable water and wastewater infrastructure, driven by urbanization and industrialization, is expected to propel the demand for centrifugal pumps in this segment, leading to rapid market growth.
Region with largest share:
The Asia Pacific region is expected to dominate the centrifugal pump market, driven by rapid industrialization, urbanization, and infrastructure development. Countries like China and India are investing heavily in water and wastewater management, power generation, and industrial projects. The region's large population growing demand for clean water and efficient waste management systems further support market growth. Additionally, favorable government policies and investments in infrastructure contribute to the region's leading market share.
Region with highest CAGR:
The Asia Pacific region is anticipated to witness the highest CAGR in the centrifugal pump market due to ongoing urbanization, industrial expansion, and infrastructure modernization. The increasing adoption of advanced technologies and energy-efficient solutions in countries like China, India, and Japan drives market growth. Government initiatives focused on improving water and wastewater management and promoting sustainable development further boost the demand for centrifugal pumps, making Asia Pacific the fastest-growing region in the market.
Key players in the market
Some of the key players in Centrifugal Pump Market include Grundfos, Xylem Inc., Flowserve Corporation, KSB SE & Co. KGaA, Sulzer Ltd., ITT Inc., Ebara Corporation, Weir Group, Wilo SE, Pentair plc, SPX Flow, Inc., IDEX Corporation, Kirloskar Brothers Ltd., Tsurumi Manufacturing Co., Ltd., Baker Hughes, Schlumberger Limited, Atlas Copco, Ruhrpumpen Group, Andritz AG and Franklin Electric Co., Inc.
Key Developments:
In May 2024, Grundfos has entered into an agreement to acquire Culligan’s Commercial & Industrial business in Italy, France and the UK. The acquired business is headquartered out of Bologna, Italy, has around 400 employees, and had a 2023 turnover of more than EUR 100m. This marks another important milestone in Grundfos’ ongoing effort to pioneer solutions that tackle global water challenges.
In April 2024, Global water technology company, Xylem has launched the Jabsco PureFlo 21 Single Use pump, a breakthrough solution for the pharmaceutical and biotechnology sectors. The new pump features an adjustable, integrated pressure relief valve – the first of its kind in single use pumping technology – to minimize risk of fluid contamination and maximize operator safety.
In March 2024, Weir has officially opened its new foundry in Xuzhou, China. The foundry, which is part of Weir’s ESCO global foundry network, expands capacity for the manufacture of ESCO® ground engaging tools, or GET, in line with continued growth opportunities.
Types Covered:
• Overhung Impeller
• Vertically Suspended
• Between Bearing
Stages Covered:
• Single-stage
• Multi-stage
Flow Rates Covered:
• Axial Flow
• Radial Flow
• Mixed Flow
Pump Capacities Covered:
• Small Capacity Pumps
• Medium Capacity Pumps
• High Capacity Pumps
End Users Covered:
• Oil and Gas
• Water and Wastewater
• Power Generation
• Chemicals
• Food and Beverage
• Pharmaceuticals
• Mining and Metals
• Construction
• Agriculture
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
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 2022, 2023, 2024, 2026, and 2030
- 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• 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
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Centrifugal Pump Market, By Type
5.1 Introduction
5.2 Overhung Impeller
5.3 Vertically Suspended
5.4 Between Bearing
6 Global Centrifugal Pump Market, By Stage
6.1 Introduction
6.2 Single-stage
6.3 Multi-stage
7 Global Centrifugal Pump Market, By Flow Rate
7.1 Introduction
7.2 Axial Flow
7.3 Radial Flow
7.4 Mixed Flow
8 Global Centrifugal Pump Market, By Pump Capacity
8.1 Introduction
8.2 Small Capacity Pumps
8.3 Medium Capacity Pumps
8.4 High Capacity Pumps
9 Global Centrifugal Pump Market, By End User
9.1 Introduction
9.2 Oil and Gas
9.3 Water and Wastewater
9.4 Power Generation
9.5 Chemicals
9.6 Food and Beverage
9.7 Pharmaceuticals
9.8 Mining and Metals
9.9 Construction
9.10 Agriculture
9.11 Other End Users
10 Global Centrifugal Pump Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Grundfos
12.2 Xylem Inc.
12.3 Flowserve Corporation
12.4 KSB SE & Co. KGaA
12.5 Sulzer Ltd.
12.6 ITT Inc.
12.7 Ebara Corporation
12.8 Weir Group
12.9 Wilo SE
12.10 Pentair plc
12.11 SPX Flow, Inc.
12.12 IDEX Corporation
12.13 Kirloskar Brothers Ltd.
12.14 Tsurumi Manufacturing Co., Ltd.
12.15 Baker Hughes
12.16 Schlumberger Limited
12.17 Atlas Copco
12.18 Ruhrpumpen Group
12.19 Andritz AG
12.20 Franklin Electric Co., Inc.
List of Tables
1 Global Centrifugal Pump Market Outlook, By Region (2022-2030) ($MN)
2 Global Centrifugal Pump Market Outlook, By Type (2022-2030) ($MN)
3 Global Centrifugal Pump Market Outlook, By Vertically Suspended (2022-2030) ($MN)
4 Global Centrifugal Pump Market Outlook, By Between Bearing (2022-2030) ($MN)
5 Global Centrifugal Pump Market Outlook, By Stage (2022-2030) ($MN)
6 Global Centrifugal Pump Market Outlook, By Single-stage (2022-2030) ($MN)
7 Global Centrifugal Pump Market Outlook, By Multi-stage (2022-2030) ($MN)
8 Global Centrifugal Pump Market Outlook, By Flow Rate (2022-2030) ($MN)
9 Global Centrifugal Pump Market Outlook, By Axial Flow (2022-2030) ($MN)
10 Global Centrifugal Pump Market Outlook, By Radial Flow (2022-2030) ($MN)
11 Global Centrifugal Pump Market Outlook, By Mixed Flow (2022-2030) ($MN)
12 Global Centrifugal Pump Market Outlook, By Pump Capacity (2022-2030) ($MN)
13 Global Centrifugal Pump Market Outlook, By Small Capacity Pumps (2022-2030) ($MN)
14 Global Centrifugal Pump Market Outlook, By Medium Capacity Pumps (2022-2030) ($MN)
15 Global Centrifugal Pump Market Outlook, By High Capacity Pumps (2022-2030) ($MN)
16 Global Centrifugal Pump Market Outlook, By End User (2022-2030) ($MN)
17 Global Centrifugal Pump Market Outlook, By Oil and Gas (2022-2030) ($MN)
18 Global Centrifugal Pump Market Outlook, By Water and Wastewater (2022-2030) ($MN)
19 Global Centrifugal Pump Market Outlook, By Power Generation (2022-2030) ($MN)
20 Global Centrifugal Pump Market Outlook, By Chemicals (2022-2030) ($MN)
21 Global Centrifugal Pump Market Outlook, By Food and Beverage (2022-2030) ($MN)
22 Global Centrifugal Pump Market Outlook, By Pharmaceuticals (2022-2030) ($MN)
23 Global Centrifugal Pump Market Outlook, By Mining and Metals (2022-2030) ($MN)
24 Global Centrifugal Pump Market Outlook, By Construction (2022-2030) ($MN)
25 Global Centrifugal Pump Market Outlook, By Agriculture (2022-2030) ($MN)
26 Global Centrifugal Pump Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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