Product Code: GVR-4-68040-082-6
Centrifugal Pump Market Growth & Trends
The global centrifugal pump market size is expected to reach USD 66.64 billion by 2030, expanding at 3.5% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The centrifugal demand has escalated owing to the increase in pump demand for pressure fluids. The pumps are primarily used for accelerating fluids, like water, chemicals, sludge treatment liquids, wastewater, oil, bleaches, and resins.
Increasing demand for water in domestic and industrial applications due to the growing world population is driving the market growth. Expanding population, rapid urbanization, technological developments, and growth in infrastructure have augmented the demand for fresh and processed water across the globe. This in turn is expected to fuel the market growth over the forecast period.
In addition, water scarcity is affecting regions across the globe owing to the lack of freshwater resources, there is an increased need for wastewater treatment to meet the rising demand for clean water. This is expected to drive the global water and wastewater treatment equipment market over the forecast period.
Expanding industrial sectors including food & beverage, chemicals, pulp & paper, pharmaceutical, power, metal & mining, textiles, semiconductors, and oil & gas result in increased consumption of clean water, which is expected to drive the demand for the centrifugal pump industry across the globe.
Manufacturers of centrifugal pumps adopt several strategies including acquisitions, mergers, joint ventures, new product developments, and geographical expansions to enhance their market penetration and cater to the changing technological demand for equipment from various end-use industries such as agriculture, construction & building services, water & wastewater, power generation, oil & gas, chemical, and others. For instance, in October 2022, Sulzer introduces updated features for the AHLSTAR A line of process pumps. AHLSTAR A pumps made of ductile iron have a 180°C temperature limit and a maximum working pressure of 16 bars.
Centrifugal Pump Market Report Highlights
- The single-stage segment accounted for 62.8% of the global revenue share in 2022.The single-stage centrifugal pump is most frequently used in sewage, slurry, and industrial pumping. For applications with low to moderate dynamic heads, the single-stage centrifugal pump is also preferred
- The market for mixed flow pumps is anticipated to grow as a result of advantages such as high low rates with low-pressure requirements, improved discharge rates with relatively low head velocities, and the flexibility to be adjusted to work effectively and efficiently with little aerodynamic loss
- Fluids that are combustible, violent, aggressive, or abrasive are easily handled by axial flow pumps. Automobile, manufacturing, and construction are just a few of the end-use sectors that employ chemicals. The expansion of the aforementioned sectors of the economy will probably increase demand for different chemicals, which will affect how widely axial flow pumps are used for chemical handling
- Asia Pacific accounted for around 47.2% of the global revenue share in 2022. The improving economic conditions, rising population, and the presence of one of the biggest manufacturing sectors are projected to impact regional growth positively
- In November 2022, In Kotka, Sulzer constructed a highly automated and digitalized pump production line. To ensure optimal production, digital and lean ideas have been included in the automated facilities' architecture to enable quick and efficient operations
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Information analysis
- 1.4.2. Market formulation & data visualization
- 1.4.3. Data validation & publishing
- 1.5. Research Scope and Assumptions
- 1.5.1. List to data sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Centrifugal Pump Market Variables, Trends, & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Technology Overview
- 3.5. Regulatory Framework
- 3.6. Centrifugal Pump Market - Market dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Market opportunity analysis
- 3.6.4. Market Challenges
- 3.7. Economic Mega Trend Analysis
- 3.8. Industry Analysis Tools
- 3.8.1. Porter's analysis
- 3.8.2. Macroeconomic analysis
- 3.9. Distribution Channel Analysis
- 3.10. Vendor Matrix
- 3.10.1. List of key component suppliers
- 3.10.2. List of key manufacturers
- 3.10.3. List of key distributors
Chapter 4. Centrifugal Pump Market: Stage Estimates & Trend Analysis
- 4.1. Centrifugal Pump Market: Stage Outlook
- 4.2. Centrifugal Pump Market: Stage Movement Analysis & Market Share, 2022 & 2030
- 4.3. Centrifugal Pump Market Estimates & Forecasts, By Stage, 2018 - 2030 (USD Billion)
- 4.4. Single Stage
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 4.5. Multistage
- 4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 5. Centrifugal Pump Market: Design Estimates & Trend Analysis
- 5.1. Centrifugal Pump Market: Design Outlook
- 5.2. Centrifugal Pump Market: Design Movement Analysis & Market Share, 2022 & 2030
- 5.3. Centrifugal Pump Market Estimates & Forecasts, By Design, 2018 - 2030 (USD Billion)
- 5.4. Radial Flow Pump
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.5. Mixed Flow Pump
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 5.6. Axial Flow Pump
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 6. Centrifugal Pump Market: Type Estimates & Trend Analysis
- 6.1. Centrifugal Pump Market: Type Outlook
- 6.2. Centrifugal Pump Market: Type Movement Analysis & Market Share, 2022 & 2030
- 6.3. Centrifugal Pump Market Estimates & Forecasts, By Type, 2018 - 2030 (USD Billion)
- 6.4. Overhung Impeller
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.5. Between Bearing
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 6.6. Vertically Suspended
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 7. Centrifugal Pump Market: End-use Estimates & Trend Analysis
- 7.1. Centrifugal Pump Market: End-use Outlook
- 7.2. Centrifugal Pump Market: End-use Movement Analysis & Market Share, 2022 & 2030
- 7.3. Centrifugal Pump Market Estimates & Forecasts, By End-use, 2018 - 2030 (USD Billion)
- 7.4. Agriculture
- 7.4.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.5. Construction & Building
- 7.5.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.6. Water & Wastewater
- 7.6.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.7. Power Generation
- 7.7.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.8. Oil & Gas
- 7.8.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.9. Chemical
- 7.9.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
- 7.10. Others
- 7.10.1. Market estimates and forecasts, 2018 - 2030 (USD Billion)
Chapter 8. Centrifugal Pump Market: Regional Estimates & Trend Analysis
- 8.1. Centrifugal Pump Market: Regional Outlook
- 8.2. North America
- 8.2.1. North America centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.2.2. U.S.
- 8.2.2.1. U.S. centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.2.3. Canada
- 8.2.3.1. Canada centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.2.4. Mexico
- 8.2.4.1. Mexico centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.3. Europe
- 8.3.1. Europe centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.3.2. Germany
- 8.3.2.1. Germany centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.3.3. France
- 8.3.3.1. France centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.3.4. UK
- 8.3.4.1. UK centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.3.5. Italy
- 8.3.5.1. Italy centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.4. Asia Pacific
- 8.4.1. Asia Pacific centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.4.2. China
- 8.4.2.1. China centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.4.3. India
- 8.4.3.1. India centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.4.4. Japan
- 8.4.4.1. Japan centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.4.5. Australia
- 8.4.5.1. Australia centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.5. Central & South America
- 8.5.1. Central & South America centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.5.2. Brazil
- 8.5.2.1. Brazil centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.5.3. Argentina
- 8.5.3.1. Argentina centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.6. Middle East & Africa
- 8.6.1. Middle East & Africa centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.6.2. Saudi Arabia
- 8.6.2.1. Saudi Arabia centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
- 8.6.3. UAE
- 8.6.3.1. UAE centrifugal pump market estimates & forecasts, 2018 - 2030 (USD Billion)
Chapter 9. Centrifugal Pump Market Competitive Landscape
- 9.1. Recent Developments & Impact Analysis, By Key Market Participants
- 9.2. Company Categorization
- 9.3. Participant's Overview
- 9.4. Financial Overview
- 9.5. Product Benchmarking
- 9.6. Company Market Positioning
- 9.7. Company Market Share Analysis, 2022
- 9.8. Company Heat Map Analysis
- 9.9. Strategy Mapping
- 9.9.1. Merger & Acquisition
- 9.9.2. New Facility/Launch
- 9.9.3. Product Launches
- 9.9.4. Partnerships
Chapter 10. Centrifugal Pump Market: Company Profiles
- 10.1. Alfa Laval
- 10.2. Sulzer
- 10.3. KSB
- 10.4. Grindex
- 10.5. PSP Pumps
- 10.6. Grundfos
- 10.7. Xylem
- 10.8. Flowserve
- 10.9. ITT Corporation
- 10.10. CIRCOR International
- 10.11. Baker Hughes
- 10.12. Gardner Denver
- 10.13. Ebara Corporation
- 10.14. Kirloskar Brothers Limited
- 10.15. Tsurumi Manufacturing.