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Global Centrifugal Pump Market to Reach About USD 1.38 Billion by 2027, Driven by Various Benefits of Centrifugal Pumps

According to a new report by EMR titled, ‘Global Centrifugal Pump Market Report and Forecast 2022-2027’, the market attained a value of about USD 1.04 billion in 2021. The market is further expected to grow at a CAGR of 5.80% in the forecast period of 2022-2027 to reach a value of nearly USD 1.38 billion by 2027.

Centrifugal pumps posit various benefits such as high efficiency, cost-effectiveness, low energy consumption, and easy maintenance, which, in turn, are surging their demand in various end-use sectors. With optimal sanitary conditions and cost-effective design offered by centrifugal pumps, they are increasingly used in the cosmetics, pharmaceuticals, and dairy sectors. In addition, various leading companies are developing innovative centrifugal pumps with multi-faceted open impellers that can be optimised for several applications and media. Such pumps also offer high performance in different operating conditions and provide enhanced interchangeability, upgrade options, and flexibility, which is anticipated to propel the market. The integration of technologies such as analytics and the Internet of things (IoT) for efficient centrifugal pump monitoring is likely to provide further impetus to the market growth in the forecast period.

Sulzer Management Ltd (OTCMKTS: SULZF), one of the leading companies in the market, launched SKS and SES end-suction centrifugal pumps in January 2022 to expand its portfolio of clean water pumps. The pumps would be supplied as a complete package and feature stainless steel or bronze impellers and robust cast iron casing. They comprise 45 different casing types and cover discharge and suction sizes between DN32 and DN300. The pumps are reliable, efficient, and affordable for water treatment facilities, municipalities, and irrigation and commercial applications. Moreover, motor specifications range from a hundred watts to 400kW to enhance the applications of the pumps. The pumps comply with the French ACS drinking water standard and the European EN733 standard for water pumps, while its European models are equipped with high efficiency IE4 or IE3 motors.

Market Analysis by Impeller Type, Stage, Flow Type, End-Use, and Region:

  • The market, on the basis of impeller type, can be divided into overhung impeller, vertically suspended, and between bearing.
  • Based on stage, the market can be divided into single stage pump, two stage pump, and multi-stage pump.
  • The major flow types of centrifugal pump include axial flow pump, radial flow pump, and mixed flow pump.
  • By end-use, the market is divided into oil and gas, chemicals, waste and wastewater, metal and mining, food and beverage, pharmaceuticals, power generation, and construction, among others.
  • The regional markets for centrifugal pump include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The increasing industrial and manufacturing activities are surging the use of centrifugal pumps, which is driving the market.
  • With the growing concerns regarding water scarcity issues, the demand for centrifugal pumps in wastewater treatment is surging.
  • The rising demand for centrifugal pumps in various applications by municipalities is invigorating the market.
  • The integration of IoT sensors in centrifugal pumps for their efficient monitoring is bolstering the market.

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for centrifugal pump for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the impeller types, stages, flow types, end-uses, and major regions of centrifugal pump.
  • The market report also analyses the trade data by covering the major importing and exporting countries.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global centrifugal pump market are Ebara Corporation, Circor International Inc., Schlumberger Limited., Sulzer Management Ltd, and Pentair plc, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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