The global centrifugal pump market reached a value of about USD 1.16 Billion in 2024. The market is projected to grow in the forecast period of 2025-2034 at a CAGR of 5.8% to reach around USD 2.04 Billion by 2034. As per the analysis by Expert Market Research, the market is expected to be driven by the rising use of centrifugal pumps in various end-use markets.
Centrifugal pumps are crucial in various sectors, including water supply, wastewater management, manufacturing, and oil refining. Customers are increasingly demanding centrifugal pumps that can provide them with several benefits, including optimising efficiency, lowering energy consumption, and improving their overall performance. Advancements in materials and design and the adoption of digitalisation are providing a boost to centrifugal pump growth.
Centrifugal pumps are a simple and low-cost solution for most low-pressure and high-capacity pumping applications that involve low-viscosity fluids, like solvents, chemicals, water, and light oils. Centrifugal pumps are crucial components in irrigation systems and transfer chemicals in petrochemical plants. Multistage centrifugal pumps in the oil sector are deployed for booster service, waterfloods, direct injection, ballast transfer, cavern storage, mine dewatering, irrigation, and fire protection.
The market is characterised by a range of developments:
| Date |
Development |
| Nov 2023 |
United States-based Xylem launched e-80SCXL, a vertical in-line centrifugal pump. The product is designed for higher flow and head applications, including hydronic heating and cooling systems and light industrial processes. It features various seal options and the addition of ten large in-line pumps. |
| Feb 2023 |
Canada’s CPC Pumps International launched its first-ever BB5 centrifugal pump. A crucial application of the new pump will be in carbon capture, utilisation, and storage (CCUS) projects to sustainably lower carbon emissions. |
| Jan 2023 |
Ebara Pumps introduced the 3E series, a new in-line close-coupled centrifugal pump. The pumps are designed to provide superior performance and energy savings and handle liquids in circulation, heating, and air conditioning systems in industrial and civil environments. |
Top Centrifugal Pump Companies in the World:
1. Ebara Corporation
| Headquarters: |
Tokyo, Japan |
| Establishment: |
1912 |
| Website: |
https://www.ebara.co.jp/en/ |
Ebara Corporation is a manufacturer of pumps, fans and blowers, chillers, environmental plants, and precision machinery. Ebara’s core competencies in energy production, water management, and environmental solutions support clients across the world. The company produces high-quality pumps as well as customised pumps to meet the needs of customers as well as international standards.
2. Circor International Inc.
| Headquarters: |
Massachusetts, United States |
| Establishment: |
1999 |
| Website: |
https://www.circor.com/ |
Circor International is a global manufacturer of highly engineered, complex, and severe environment products for the infrastructure, oil and gas, power generation, aerospace and defence, and industrial markets. The company markets its solutions through various sales partners as well as directly to over 14,000 customers in around 100 countries, globally. Circor’s sales and manufacturing facilities are located in the United States, Canada, Sweden, the United Kingdom, France, Norway, Italy, Germany, China, Singapore, India, Morocco, and the United Arab Emirates.
3. Schlumberger Limited.
| Headquarters: |
Texas, United States |
| Establishment: |
1956 |
| Website: |
https://www.slb.com |
Schlumberger Limited is a technology company creating and deploying technology and systems required to reduce emissions while meeting consumer’s rising energy demands. The company’s high-efficiency centrifugal pumps find use in a range of markets, including oil and gas. The company conducts its operations in more than 120 countries, including Australia, Kuwait, Indonesia, Thailand, Bangladesh, the United States, and Brunei, among others.
4. Sulzer Management Ltd
| Headquarters: |
Winterthur, Switzerland |
| Establishment: |
1834 |
| Website: |
https://www.sulzer.com/ |
Sulzer Management Ltd is a producer of solutions for fluid engineering and chemical processing applications. The company specialises in energy-efficient pumping, agitation, mixing, and separation technologies for fluids of all types. Sulzer operates a robust network of 180 world-class manufacturing facilities and service centres worldwide. The company produces a range of products, including centrifugal pumps, axial flow pumps, dewatering pumps, and radial split pumps.
5. Pentair plc
| Headquarters: |
London, United Kingdom |
| Establishment: |
1966 |
| Website: |
https://www.pentair.com/ |
Pentair plc provides residential, industrial, and business consumers with smart and sustainable water solutions. In 2023, the company’s revenue stood at around USD 4.1 billion. The company has around 10,500 global employees with customers in more than 150 countries. The company conducts operations in the United States, the United Kingdom, Australia, China, Singapore, Switzerland, and the United Arab Emirates.
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