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Global Centrifugal Pump Market Size, Share, Trends, Growth: By Impeller Type: Overhung Impeller, Vertically Suspended, Between Bearing; By Stage: Single Stage Pump, Two Stage Pump, Multi-Stage Pump; By Flow Type: Axial Flow Pump, Radial Flow Pump, Others; By End-Use; Regional Analysis; Competitive Landscape; 2024-2032
Global Centrifugal Pump Market Outlook
The global centrifugal pump market attained a value of nearly USD 1.16 billion in 2023. The market is estimated to grow in the forecast period of 2024-2032 at a CAGR of 5.8% to reach about USD 1.93 billion by 2032.
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The Asia Pacific to Represent Significant Share in the Market for Centrifugal Pump
The Asia Pacific region is expected to witness significant growth in the centrifugal pump market due to the economic expansion in countries like China, Japan, India, South Korea, Australia, and Singapore, among others. The increasing attraction of investors for the production and manufacturing of centrifugal pumps due to the availability of raw materials, cheap labour, and strong economic case for channelling capital flows in emerging economies is also driving the market growth of the region. The surging investment in R&D activities and growing industrial activities in the region owing to the support of local governments and low manufacturing costs are further expected to fuel the market growth of centrifugal pump in the Asia Pacific region. With the increasing demand for centrifugal pump in various end-use industries and market expansion strategies by pump manufacturers in the region, the market for centrifugal pumps is expected to propel over the coming years in the region, which is likely to significantly contribute to the overall market’s expansion in the forecast period.
Market Segmentation
A centrifugal pump refers to a hydraulic machine that enables the conversion of mechanical energy into hydraulic energy using centrifugal force acting on the fluid. The main purpose of a centrifugal pump is to transfer fluids through an increase in pressure. Centrifugal pumps can have various structures, but their operating principle and fluid dynamic characteristics are constantly the same.
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The market for centrifugal pump, by impeller type, is divided into:
- Overhung Impeller
- Vertically Suspended
- Between Bearing
The market can be broadly categorised on the basis of stage segments into:
- Single Stage Pump
- Two Stage Pump
- Multi-Stage Pump
Based on flow type, the market is segmented into:
- Axial Flow Pump
- Radial Flow Pump
- Mixed Flow Pump
By end-use, the market is classified into:
- Oil and Gas
- Chemicals
- Waste and Wastewater
- Metal and Mining
- Food and Beverages
- Pharmaceuticals
- Power Generation
- Construction
- Others
The EMR report looks into the regional markets of centrifugal pump like Latin America, North America, Europe, the Asia Pacific, and the Middle East and Africa.
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Thriving Waste and Wastewater Segment to Propel the Market Growth of Centrifugal Pump
Based on end-user, the rise in the waste and wastewater segment is expected to bolster the growth of the centrifugal pump market during the forecast period on account of the surging investment in infrastructure development activities, coupled with the increasing development of wastewater plants. Rapid industrialisation and the rising demand for centrifugal pumps by municipalities in various applications are expected to propel the market demand for centrifugal pumps across the globe over the upcoming years. Moreover, the introduction of various favourable government initiatives to boost industrialisation, the surging product demand from the wastewater treatment industry, and the integration of IoT sensors in centrifugal pumps, are further anticipated to bolster the market growth of centrifugal pump in the forecast period.
Key Players in the Global Market for Centrifugal Pump
The report presents a detailed analysis of the following key players in the global centrifugal pump market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Ebara Corporation
- Circor International Inc.
- Schlumberger Limited.
- Sulzer Management Ltd
- Pentair plc
- Others
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Impeller Type |
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| Breakup by Stage |
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| Breakup by Flow Type |
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| Breakup by End-Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Trade Data Analysis |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Application
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Centrifugal Pump Market Analysis
8.1 Key Industry Highlights
8.2 Global Centrifugal Pump Historical Market (2018-2023)
8.3 Global Centrifugal Pump Market Forecast (2024-2032)
8.4 Global Centrifugal Pump Market by Impeller Type
8.4.1 Overhung Impeller
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Vertically Suspended
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Between Bearing
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Centrifugal Pump Market by Stage
8.5.1 Single Stage Pump
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Two Stage Pump
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Multi-Stage Pump
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Centrifugal Pump Market by Flow Type
8.6.1 Axial Flow Pump
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Radial Flow Pump
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Mixed Flow Pump
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Centrifugal Pump Market by End-Use
8.7.1 Oil and Gas
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Chemicals
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Waste and Wastewater
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Metal and Mining
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Food and Beverages
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
8.7.6 Pharmaceuticals
8.7.6.1 Historical Trend (2018-2023)
8.7.6.2 Forecast Trend (2024-2032)
8.7.7 Power Generation
8.7.7.1 Historical Trend (2018-2023)
8.7.7.2 Forecast Trend (2024-2032)
8.7.8 Construction
8.7.8.1 Historical Trend (2018-2023)
8.7.8.2 Forecast Trend (2024-2032)
8.7.9 Others
8.8 Global Centrifugal Pump Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Centrifugal Pump Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Centrifugal Pump Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Centrifugal Pump Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Centrifugal Pump Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Centrifugal Pump Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code: 841370)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Ebara Corporation
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Circor International Inc.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Schlumberger Limited.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Sulzer Management Ltd
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Pentair plc
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Centrifugal Pump Market: Key Industry Highlights, 2018 and 2032
2. Global Centrifugal Pump Historical Market: Breakup by Impeller Type (USD Million), 2018-2023
3. Global Centrifugal Pump Market Forecast: Breakup by Impeller Type (USD Million), 2024-2032
4. Global Centrifugal Pump Historical Market: Breakup by Stage (USD Million), 2018-2023
5. Global Centrifugal Pump Market Forecast: Breakup by Stage (USD Million), 2024-2032
6. Global Centrifugal Pump Historical Market: Breakup by Flow Type (USD Million), 2018-2023
7. Global Centrifugal Pump Market Forecast: Breakup by Flow Type (USD Million), 2024-2032
8. Global Centrifugal Pump Historical Market: Breakup by End-Use (USD Million), 2018-2023
9. Global Centrifugal Pump Market Forecast: Breakup by End-Use (USD Million), 2024-2032
10. Global Centrifugal Pump Historical Market: Breakup by Region (USD Million), 2018-2023
11. Global Centrifugal Pump Market Forecast: Breakup by Region (USD Million), 2024-2032
12. North America Centrifugal Pump Historical Market: Breakup by Country (USD Million), 2018-2023
13. North America Centrifugal Pump Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Europe Centrifugal Pump Historical Market: Breakup by Country (USD Million), 2018-2023
15. Europe Centrifugal Pump Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Asia Pacific Centrifugal Pump Historical Market: Breakup by Country (USD Million), 2018-2023
17. Asia Pacific Centrifugal Pump Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Latin America Centrifugal Pump Historical Market: Breakup by Country (USD Million), 2018-2023
19. Latin America Centrifugal Pump Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Middle East and Africa Centrifugal Pump Historical Market: Breakup by Country (USD Million), 2018-2023
21. Middle East and Africa Centrifugal Pump Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Major Exporting Countries by Value
23. Major Importing Countries by Value
24. Major Exporting Countries by Volume
25. Major Importing Countries by Volume
26. Global Centrifugal Pump Market Structure
Key Questions Answered in the Report
In 2023, the global centrifugal pump market attained a value of nearly USD 1.16 billion.
The market is assessed to grow at a CAGR of 5.8% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach almost USD 1.93 billion by 2032.
The major market drivers are rapid industrialisation, the rising adoption of centrifugal pumps in municipalities, and the increasing demand for centrifugal pump in wastewater treatment.
The key market trends guiding the growth of the market include the growing adoption of centrifugal pump in various industries, the integration of IoT sensors in centrifugal pumps, and the increasing infrastructure development activities.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various impeller types of centrifugal pump in the market are overhung impeller, vertically suspended, and between bearing.
The different stages of centrifugal pump include single stage pump, two stage pump, and multi-stage pump.
The different flow types of centrifugal pump in the market are axial flow pump, radial flow pump, and mixed flow pump.
The major end-uses of centrifugal pump, include oil and gas, chemicals, waste and wastewater, metal and mining, food and beverages, pharmaceuticals, power generation, and construction, among others.
The major players in the market are Ebara Corporation, Circor International Inc., Sulzer Management Ltd, Schlumberger Limited., and Pentair plc, among others.
Analyst Review
The global centrifugal pump market attained a value of nearly USD 1.16 billion in 2023, driven by growing industrialisation. Aided by the growing demand for centrifugal pump in wastewater applications, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 5.8%. The market is estimated to reach about USD 1.93 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the market. The market for centrifugal pump, by impeller type, is divided into overhung impeller, vertically suspended, and between bearing. Based on stages, the market is segmented into single stage pump, two stage pump, and multi-stage pump. Based on flow types, the market is segmented into axial flow pump, radial flow pump, and mixed flow pump. On the basis of end-use, the market is classified into oil and gas, chemicals, waste and wastewater, metal and mining, food and beverages, pharmaceuticals, power generation, and construction, among others. The major regional markets for centrifugal pump are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Ebara Corporation, Circor International Inc., Sulzer Management Ltd, Schlumberger Limited., and Pentair plc, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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