Market Insights

The centrifugal pump market size was estimated at USD 35.77 billion in 2021 and is likely to grow at a CAGR of 5.84% during 2022-2028 to reach USD 53.32 billion in 2028.

What is a centrifugal pump?

Centrifugal Pumps majorly find use in moving water or any other fluid using inducing the flow by building up the pressure of the fluid. The pumps are of different types such as overhung impellers, vertically suspended, and between bearings.

Centrifugal pumps are generally employed in power industries, oil & gas, water & wastewater, chemical, and others. The prominent advantages of the preference for a centrifugal pump entail its ease of operation, compactness in size, and foremost, it suitably aids to lift highly viscous liquid, such as sugar molasses, paper pulp, muddy and sewage water, and oil.

Why buy this report?

The report provides an in-depth analysis of the Centrifugal Pump Market including critical market information and valuable insights which are of high value to the companies, enabling them to know and understand the growth strategies and other opportunities in the market. The report also aims at answering the following key questions –

  • What is the current and future potential of Centrifugal Pump Market?
  • How will the COVID-19 pandemic impact the market?
  • How are other crucial market factors changing the market dynamics?
  • When is the recovery expected from the pandemic?
  • Which segments offer high-growth opportunities in the long run?
  • How fierce is the market competition?
  • What are the key emerging trends?
  • What are the strategic growth opportunities and key success factors?

Linchpins in the Centrifugal Pump Market –

To provide detailed information on competitive landscape, this report includes detailed profiles of Centrifugal Pump Market key players. For each player, product details, price, gross and revenue numbers are also mentioned. Here is a list of the major key players, that are mentioned in the Centrifugal Pump Market report -

  • Xylem Inc.
  • The Flowserve Corporation,
  • Grundfos,
  • Sulzer Ltd.,
  • ITT Corporation,
  • WILO SE,
  • Circor International Inc.,
  • Ebara Corporation,
  • Baker Hughes (A GE Company).

Region-wise analysis

The report sheds light on the locations or region-wise details of the Centrifugal Pump Market. Also, Centrifugal Pump Market industry growth in various regions and R&D status are also covered such as:

In terms of regions, Asia-Pacific is expected to dominate the market in the coming five years. China and India are the growth engines of the region. The market is driven by the growing investments in the water and wastewater set-up in India and other South-Eastern countries.  North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

Based on the type, the market is segmented as an overhung impeller, vertically suspended, and between bearings. The overhung impeller segment dominated the market in 2021, and the segment is likely to maintain its dominance during the forecast period. The growth of the segment is owing to the extensive use of overhung impellers in commercial, residential, and industrial applications. In addition, they are also used in different end-use industries for power generation owing to their low cost as compared to bearing pumps.

Based on the stage type, the market is segmented as single-stage and multistage. The multistage segment is estimated to have substantial growth in the coming five years. Multistage pumps offer several advantages as they are suitable for operating in a host of flow/head situations.

Based on the end-user type, the market is segmented as industrial and commercial & residential. The industrial segment is expected to register higher growth during the forecast period. The market is driven by the increasing demand from the water and wastewater and agricultural sectors majorly in the countries such as India, Thailand, Saudi Arabia, Malaysia, Vietnam, and Nigeria.

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