The global Centrifugal Pump Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type (Overhung Impeller, Between Bearing, Vertically Suspended), By Operation (Electrical, Hydraulic, Air-Driven), By Stage (Single Stage, Multistage), By End-User (Industrial, Commercial, Residential).
The market for centrifugal pumps is meeting diverse fluid handling needs across industries with key trends focused on efficiency, versatility, and reliability. Centrifugal pumps are essential for various applications, including water supply, wastewater treatment, oil and gas processing, chemical manufacturing, and HVAC systems. Key trends include advancements in pump design, such as improved impeller profiles, hydraulic efficiency, and material selection, which optimize fluid flow, reduce energy consumption, and minimize maintenance requirements. Additionally, developments in pump technologies, such as variable-speed drives, sealless designs, and smart controls, enhance operational flexibility, reliability, and safety in demanding environments. Moreover, the adoption of modular and standardized pump solutions facilitates easy installation, maintenance, and scalability for different applications and industries. As industries continue to demand efficient and reliable fluid handling solutions, the demand for centrifugal pumps with advanced features and performance capabilities is expected to grow, driving further research, development, and market adoption in this critical sector of fluid handling equipment.
The market report analyses the leading companies in the industry including Alfa Laval AB, Baker Hughes Company, CIRCOR International Inc, CNP Pumps India Pvt. Ltd, EBARA Corp, Flowserve Corp, Grindex AB, Griswold Pump Company, Grundfos Holding A/S, HCP Pump Manufacturer Co. Ltd, Ingersoll Rand Inc, ITT Inc, Kirloskar Brothers Ltd, KSB SE & Co. KGaA, Leo Group Co. Ltd, Mody Pumps Inc, Pentair plc, PRORIL Pumps Europe B.V., PSP Pumps Private Ltd, Schlumberger Ltd, SPT Pumpen und Anlagentechnik GmbH, Sulzer AG, Tsurumi Manufacturing Co. Ltd, VANSAN Makina Sanayi ve Ticaret A.Ş., WEG S.A., Weir Group PLC, Wilo SE, Xavitech AB, Xylem Inc, Zhejiang Doyin Technology Co. Ltd.
A prominent trend in the market for centrifugal pumps is the increasing adoption of smart and IoT-enabled technologies. As industries strive for greater efficiency, reliability, and predictive maintenance in their operations, there is a growing demand for centrifugal pumps equipped with sensors, monitoring systems, and connectivity features. Smart centrifugal pumps enable real-time monitoring of performance metrics such as flow rate, pressure, temperature, and vibration, allowing operators to optimize pump operation, detect anomalies, and prevent equipment failures. This is driven by advancements in sensor technology, data analytics, and cloud computing, as well as the need for predictive maintenance strategies that minimize downtime, reduce maintenance costs, and improve overall productivity in various industries such as water and wastewater, oil and gas, chemical processing, and manufacturing.
A significant driver fueling the demand for centrifugal pumps is the expansion of infrastructure and industrial activities globally. With rapid urbanization, population growth, and economic development in emerging economies, there is increasing demand for centrifugal pumps to support various applications such as water supply, wastewater treatment, irrigation, oil and gas production, power generation, and HVAC systems. Centrifugal pumps play a critical role in transferring fluids and liquids in industrial processes, municipal utilities, and commercial facilities, driving the need for reliable and efficient pumping solutions. This driver is further supported by investments in infrastructure projects, construction activities, and industrial expansion initiatives, driving the adoption of centrifugal pumps as essential equipment for fluid handling in diverse sectors and driving growth in the global pump market.
An opportunity within the market for centrifugal pumps lies in the integration of energy-efficient and sustainable solutions. With increasing focus on energy conservation, carbon footprint reduction, and environmental sustainability, there is opportunity to develop centrifugal pumps that offer higher efficiency, lower power consumption, and reduced environmental impact. Manufacturers are investing in innovations such as variable frequency drives (VFDs), high-efficiency motors, and pump system optimization techniques to enhance the energy efficiency of centrifugal pumps. Additionally, there is opportunity to develop pumps that utilize renewable energy sources such as solar or wind power for off-grid applications or remote locations. By capitalizing on this opportunity and offering energy-efficient and sustainable pumping solutions, manufacturers can meet the evolving needs of customers, differentiate their products in the marketplace, and contribute to a more sustainable future.
The largest segment in the Centrifugal Pump market is the Overhung Impeller type. These pumps are widely used across various industries due to their compact design, easy installation, and cost-effectiveness. They are suitable for handling a wide range of fluids, including water, chemicals, oil, and wastewater, making them versatile for different applications. Overhung impeller centrifugal pumps are commonly used in HVAC systems, water supply and distribution, irrigation, and general industrial processes. Their popularity stems from their efficiency, reliability, and relatively low maintenance requirements compared to other types of centrifugal pumps. These factors contribute to the Overhung Impeller segment being the largest in the Centrifugal Pump market.
The fastest-growing segment in the Centrifugal Pump market is the Electrical Operation segment. This growth is driven by several factors, including the increasing demand for energy-efficient and environmentally friendly pumping solutions. Electrical centrifugal pumps offer higher efficiency, precise control, and reduced energy consumption compared to hydraulic or air-driven pumps. They are widely used in various industries such as water and wastewater treatment, power generation, oil and gas, and chemical processing due to their reliability, ease of automation, and ability to handle a wide range of fluid viscosities. The emphasis on sustainability and cost-effectiveness in industrial operations further propels the growth of the Electrical Operation segment within the Centrifugal Pump market.
The largest segment in the Centrifugal Pump market is the Single Stage pumps. These pumps are commonly used across various industries due to their simplicity, cost-effectiveness, and versatility in handling a wide range of flow rates and pressures. Single-stage centrifugal pumps are suitable for applications where moderate pressure and flow rates are required, such as water supply, irrigation, HVAC systems, and general industrial processes. They are preferred for their ease of installation, maintenance, and operation, making them a popular choice among end-users looking for reliable and efficient pumping solutions.
The fastest-growing segment in the Centrifugal Pump market is Industrial. This growth is driven by the increasing demand for centrifugal pumps in various industrial applications such as water and wastewater treatment, oil and gas, chemical processing, power generation, and mining. Industries require efficient and reliable pumping solutions to handle diverse fluids, including corrosive liquids, abrasive slurries, and high-temperature fluids. Centrifugal pumps offer benefits such as high flow rates, easy maintenance, and robust performance, making them indispensable equipment in industrial processes. As industries continue to expand globally, the demand for centrifugal pumps in industrial applications is expected to witness significant growth in the coming years.
|
Parameter |
Details |
|
Market Size (2024) |
$41.2 Billion |
|
Market Size (2034) |
$75.9 Billion |
|
Market Growth Rate |
6.3% |
|
Segments |
By Type (Overhung Impeller, Between Bearing, Vertically Suspended), By Operation (Electrical, Hydraulic, Air-Driven), By Stage (Single Stage, Multistage), By End-User (Industrial, Commercial, Residential) |
|
Study Period |
2019- 2024 and 2025-2034 |
|
Units |
Revenue (USD) |
|
Qualitative Analysis |
Porter’s Five Forces, SWOT Profile, Market Share, Scenario Forecasts, Market Ecosystem, Company Ranking, Market Dynamics, Industry Benchmarking |
|
Companies |
Alfa Laval AB, Baker Hughes Company, CIRCOR International Inc, CNP Pumps India Pvt. Ltd, EBARA Corp, Flowserve Corp, Grindex AB, Griswold Pump Company, Grundfos Holding A/S, HCP Pump Manufacturer Co. Ltd, Ingersoll Rand Inc, ITT Inc, Kirloskar Brothers Ltd, KSB SE & Co. KGaA, Leo Group Co. Ltd, Mody Pumps Inc, Pentair plc, PRORIL Pumps Europe B.V., PSP Pumps Private Ltd, Schlumberger Ltd, SPT Pumpen und Anlagentechnik GmbH, Sulzer AG, Tsurumi Manufacturing Co. Ltd, VANSAN Makina Sanayi ve Ticaret A.Ş., WEG S.A., Weir Group PLC, Wilo SE, Xavitech AB, Xylem Inc, Zhejiang Doyin Technology Co. Ltd, and Others. |
|
Countries |
US, Canada, Mexico, Germany, France, Spain, Italy, UK, Russia, China, India, Japan, South Korea, Australia, South East Asia, Brazil, Argentina, Middle East, Africa |
By Type
Overhung Impeller
Between Bearing
Vertically Suspended
By Operation
Electrical
Hydraulic
Air-Driven
By Stage
Single Stage
Multistage
By End-User
Industrial
Commercial
Residential
Regions Included
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Alfa Laval AB
Baker Hughes Company
CIRCOR International Inc
CNP Pumps India Pvt. Ltd
EBARA Corp
Flowserve Corp
Grindex AB
Griswold Pump Company
Grundfos Holding A/S
HCP Pump Manufacturer Co. Ltd
Ingersoll Rand Inc
ITT Inc
Kirloskar Brothers Ltd
KSB SE & Co. KGaA
Leo Group Co. Ltd
Mody Pumps Inc
Pentair plc
PRORIL Pumps Europe B.V.
PSP Pumps Private Ltd
Schlumberger Ltd
SPT Pumpen und Anlagentechnik GmbH
Sulzer AG
Tsurumi Manufacturing Co. Ltd
VANSAN Makina Sanayi ve Ticaret A.Ş.
WEG S.A.
Weir Group PLC
Wilo SE
Xavitech AB
Xylem Inc
Zhejiang Doyin Technology Co. Ltd
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Centrifugal Pump Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Centrifugal Pump Market Size Outlook, $ Million, 2021 to 2030
3.2 Centrifugal Pump Market Outlook by Type, $ Million, 2021 to 2030
3.3 Centrifugal Pump Market Outlook by Product, $ Million, 2021 to 2030
3.4 Centrifugal Pump Market Outlook by Application, $ Million, 2021 to 2030
3.5 Centrifugal Pump Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Centrifugal Pump Industry
4.2 Key Market Trends in Centrifugal Pump Industry
4.3 Potential Opportunities in Centrifugal Pump Industry
4.4 Key Challenges in Centrifugal Pump Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Centrifugal Pump Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Centrifugal Pump Market Outlook by Segments
7.1 Centrifugal Pump Market Outlook by Segments, $ Million, 2021- 2030
By Type
Overhung Impeller
Between Bearing
Vertically Suspended
By Operation
Electrical
Hydraulic
Air-Driven
By Stage
Single Stage
Multistage
By End-User
Industrial
Commercial
Residential
8 North America Centrifugal Pump Market Analysis and Outlook To 2030
8.1 Introduction to North America Centrifugal Pump Markets in 2024
8.2 North America Centrifugal Pump Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Centrifugal Pump Market size Outlook by Segments, 2021-2030
By Type
Overhung Impeller
Between Bearing
Vertically Suspended
By Operation
Electrical
Hydraulic
Air-Driven
By Stage
Single Stage
Multistage
By End-User
Industrial
Commercial
Residential
9 Europe Centrifugal Pump Market Analysis and Outlook To 2030
9.1 Introduction to Europe Centrifugal Pump Markets in 2024
9.2 Europe Centrifugal Pump Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Centrifugal Pump Market Size Outlook by Segments, 2021-2030
By Type
Overhung Impeller
Between Bearing
Vertically Suspended
By Operation
Electrical
Hydraulic
Air-Driven
By Stage
Single Stage
Multistage
By End-User
Industrial
Commercial
Residential
10 Asia Pacific Centrifugal Pump Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Centrifugal Pump Markets in 2024
10.2 Asia Pacific Centrifugal Pump Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Centrifugal Pump Market size Outlook by Segments, 2021-2030
By Type
Overhung Impeller
Between Bearing
Vertically Suspended
By Operation
Electrical
Hydraulic
Air-Driven
By Stage
Single Stage
Multistage
By End-User
Industrial
Commercial
Residential
11 South America Centrifugal Pump Market Analysis and Outlook To 2030
11.1 Introduction to South America Centrifugal Pump Markets in 2024
11.2 South America Centrifugal Pump Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Centrifugal Pump Market size Outlook by Segments, 2021-2030
By Type
Overhung Impeller
Between Bearing
Vertically Suspended
By Operation
Electrical
Hydraulic
Air-Driven
By Stage
Single Stage
Multistage
By End-User
Industrial
Commercial
Residential
12 Middle East and Africa Centrifugal Pump Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Centrifugal Pump Markets in 2024
12.2 Middle East and Africa Centrifugal Pump Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Centrifugal Pump Market size Outlook by Segments, 2021-2030
By Type
Overhung Impeller
Between Bearing
Vertically Suspended
By Operation
Electrical
Hydraulic
Air-Driven
By Stage
Single Stage
Multistage
By End-User
Industrial
Commercial
Residential
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Alfa Laval AB
Baker Hughes Company
CIRCOR International Inc
CNP Pumps India Pvt. Ltd
EBARA Corp
Flowserve Corp
Grindex AB
Griswold Pump Company
Grundfos Holding A/S
HCP Pump Manufacturer Co. Ltd
Ingersoll Rand Inc
ITT Inc
Kirloskar Brothers Ltd
KSB SE & Co. KGaA
Leo Group Co. Ltd
Mody Pumps Inc
Pentair plc
PRORIL Pumps Europe B.V.
PSP Pumps Private Ltd
Schlumberger Ltd
SPT Pumpen und Anlagentechnik GmbH
Sulzer AG
Tsurumi Manufacturing Co. Ltd
VANSAN Makina Sanayi ve Ticaret A.Ş.
WEG S.A.
Weir Group PLC
Wilo SE
Xavitech AB
Xylem Inc
Zhejiang Doyin Technology Co. Ltd
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Type
Overhung Impeller
Between Bearing
Vertically Suspended
By Operation
Electrical
Hydraulic
Air-Driven
By Stage
Single Stage
Multistage
By End-User
Industrial
Commercial
Residential
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Centrifugal Pump is forecast to reach $75.9 Billion in 2034 from $41.2 Billion in 2024, registering a CAGR of 6.3%
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Alfa Laval AB, Baker Hughes Company, CIRCOR International Inc, CNP Pumps India Pvt. Ltd, EBARA Corp, Flowserve Corp, Grindex AB, Griswold Pump Company, Grundfos Holding A/S, HCP Pump Manufacturer Co. Ltd, Ingersoll Rand Inc, ITT Inc, Kirloskar Brothers Ltd, KSB SE & Co. KGaA, Leo Group Co. Ltd, Mody Pumps Inc, Pentair plc, PRORIL Pumps Europe B.V., PSP Pumps Private Ltd, Schlumberger Ltd, SPT Pumpen und Anlagentechnik GmbH, Sulzer AG, Tsurumi Manufacturing Co. Ltd, VANSAN Makina Sanayi ve Ticaret A.Ş., WEG S.A., Weir Group PLC, Wilo SE, Xavitech AB, Xylem Inc, Zhejiang Doyin Technology Co. Ltd
Base Year- 2024; Estimated Year- 2025; Historic Period- 2019-2024; Forecast period- 2025 to 2034; Currency: Revenue (USD); Volume