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The size of the centrifugal pump market was estimated at 30.5 billion USD in 2022. A compound annual growth rate (CAGR) of 5.01% is anticipated for the centrifugal pump market industry between 2023 and 2030, taking it from USD 31.9 billion to USD 40.1 billion. The primary market factors accelerating market expansion are an increase in urbanisation and a strong focus on water and waste management.
One of the main factors influencing market expansion is rapid industrialization, which is supported by rising product demand from the wastewater treatment sector. Wastewater treatment plants now have a more viable economic model thanks to the modular design's lower initial significant cost. These systems may simply be expanded when the capacity requirements of wastewater flow and treatment facilities rise. The pharmaceutical and food and beverage sectors' increasing need to replace outdated industrial pumps is another factor boosting the market's CAGR. In order to perform exploratory activities in offshore and deep-water regions around the world, the oil and gas sector has embraced a varied range of products.
Construction of new water treatment facilities is anticipated to increase globally as a result of the expanding population and rising water demand from various businesses, which would boost the water and wastewater sector. The demand for centrifugal pumps is therefore anticipated to increase. Market expansion will be fueled by an increase in residential and commercial development projects. These pumps serve to address issues with fluctuating or low pressure as well as meeting building HVAC needs and offering energy-efficient water transfer options. In wastewater treatment facilities, centrifugal pumps are frequently employed to process used water. To boost impeller velocity and force fluid through exit valves, these pumps use spinning impellers.
The world's expanding network of wastewater treatment facilities portends rising centrifugal pump demand. Other technological developments that are fostering growth include the use of modelling software and the production of 3D-printed impellers. These improvements help to increase flow rate and output pressure while lowering manufacturing costs and improving pump performance. Centrifugal pump market revenue is projected to expand as a result of additional reasons such rising desalination costs in industrial facilities and rising demand for energy-efficient centrifugal pumps. One of the main factors contributing to the corrosion of pump casings and impellers is the implosion and quick rotation rate of these bubbles.
Report Coverage
Global Centrifugal Pump research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Centrifugal Pump report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Centrifugal Pump competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Centrifugal Pump market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Centrifugal Pump market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Centrifugal Pump market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Xylem (US), Grundfos (Denmark), Flowserve (US), KSB (Germany), Circor International (US), Sulzer (Switzerland), ITT Corporation (US), Wilo (Germany), Ebara Corporation (Japan)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Centrifugal Pump market based on the below-mentioned segments:
Global Centrifugal Pump Market, By Type
Overhung Impeller
Vertically Suspended
Between Bearing
Global Centrifugal Pump market, By Stage
Single
Multistage
Global Centrifugal Pump Market, By End User
Water & Wastewater
Oil & Gas
Chemical
Power
Global Centrifugal Pump market, Regional Analysis
One of the main factors influencing market expansion is rapid industrialization, which is supported by rising product demand from the wastewater treatment sector. Wastewater treatment plants now have a more viable economic model thanks to the modular design's lower initial significant cost. These systems may simply be expanded when the capacity requirements of wastewater flow and treatment facilities rise. The pharmaceutical and food and beverage sectors' increasing need to replace outdated industrial pumps is another factor boosting the market's CAGR. In order to perform exploratory activities in offshore and deep-water regions around the world, the oil and gas sector has embraced a varied range of products.
Construction of new water treatment facilities is anticipated to increase globally as a result of the expanding population and rising water demand from various businesses, which would boost the water and wastewater sector. The demand for centrifugal pumps is therefore anticipated to increase. Market expansion will be fueled by an increase in residential and commercial development projects. These pumps serve to address issues with fluctuating or low pressure as well as meeting building HVAC needs and offering energy-efficient water transfer options. In wastewater treatment facilities, centrifugal pumps are frequently employed to process used water. To boost impeller velocity and force fluid through exit valves, these pumps use spinning impellers.
The world's expanding network of wastewater treatment facilities portends rising centrifugal pump demand. Other technological developments that are fostering growth include the use of modelling software and the production of 3D-printed impellers. These improvements help to increase flow rate and output pressure while lowering manufacturing costs and improving pump performance. Centrifugal pump market revenue is projected to expand as a result of additional reasons such rising desalination costs in industrial facilities and rising demand for energy-efficient centrifugal pumps. One of the main factors contributing to the corrosion of pump casings and impellers is the implosion and quick rotation rate of these bubbles.
Report Coverage
Global Centrifugal Pump research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Centrifugal Pump report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Centrifugal Pump competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Centrifugal Pump market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Xylem (US), Grundfos (Denmark), Flowserve (US), KSB (Germany), Circor International (US), Sulzer (Switzerland), ITT Corporation (US), Wilo (Germany), Ebara Corporation (Japan) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Centrifugal Pump Market from 2021 to 2030.
- Market Forecast for Centrifugal Pump Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Centrifugal Pump competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Centrifugal Pump
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Centrifugal Pump market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Centrifugal Pump market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Xylem (US), Grundfos (Denmark), Flowserve (US), KSB (Germany), Circor International (US), Sulzer (Switzerland), ITT Corporation (US), Wilo (Germany), Ebara Corporation (Japan)
Primary Target Market
- Market Players of Centrifugal Pump
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Centrifugal Pump market based on the below-mentioned segments:
Global Centrifugal Pump Market, By Type
Overhung Impeller
Vertically Suspended
Between Bearing
Global Centrifugal Pump market, By Stage
Single
Multistage
Global Centrifugal Pump Market, By End User
Water & Wastewater
Oil & Gas
Chemical
Power
Global Centrifugal Pump market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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