Centrifugal Pump Market
Report ID: SQMIG20I2319
Report ID: SQMIG20I2319
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Report ID:
SQMIG20I2319 |
Region:
Global |
Published Date: February, 2025
Pages:
192
|Tables:
92
|Figures:
71
Centrifugal Pump Market size was valued at USD 39.71 Billion in 2024 and is poised to grow from USD 41.86 Billion in 2025 to USD 63.76 Billion by 2033, growing at a CAGR of 5.4% during the forecast period (2026–2033).
Rapidly increasing demand for water and wastewater treatment around the world is slated to drive the sales of centrifugal pumps over the coming years. High investments in the oil & gas industry are also expected to bolster the global centrifugal pump market growth going forward. Rapid industrialization, particularly in emerging economies is also expected to present new opportunities for centrifugal pump companies in the long run. Centrifugal pumps also play a vital role in the building and construction industry, which is why rising infrastructure development activity can also favor the demand for centrifugal pump going forward. High investments in R&D to develop novel centrifugal pump technologies and integrate advanced technologies are also estimated to bolster the demand for centrifugal pump over the coming years. On the contrary, high initial investments, availability of alternatives, energy consumption concerns, and maintenance and downtime issues are estimated to impede the sales of centrifugal pumps across the study period and beyond.
Market snapshot - 2026-2033
Global Market Size
USD 37.68 billion
Largest Segment
Single Stage
Fastest Growth
Multistage
Growth Rate
5.4% CAGR
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Global Centrifugal Pump Market is segmented by Type, Stage, Operation, End-Use Industry and region. Based on Type, the market is segmented into Overhung Impeller, Between Bearing and Vertically Suspended. Based on Stage, the market is segmented into Single Stage and Multi Stage. Based on Operation, the market is segmented into Electric, Hydraulic and Air-Driven. Based on End-Use Industry, the market is segmented into Water & Wastewater, Oil & Gas, Chemical, Power Generation, Industrial, Agriculture and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Radial flow pumps are expected to account for a massive share of the global centrifugal pump industry in the future. Radial flow pumps work by pushing water toward the outside edge of a revolving impeller. High flexibility, reliability, and efficiency are some of the key benefits associated with a radial flow centrifugal pump. Easy maintenance, high affordability, and low maintenance costs make this a highly preferred choice of pump for many applications. The ability to handle viscous fluids and high-pressure fluids also makes radial flow centrifugal pumps highly versatile and expands their application scope on a global level going forward.
Meanwhile, the demand for mixed flow pumps is slated to rise at an impressive CAGR over the coming years. Compact size and better solids handling capability are the prime benefits of mixed flow pumps that make them unique from other types of pumps. These pumps provide the benefits of axial as well as radial flow and have a quieter operation making them suitable for a wide variety of applications. Mixed flow centrifugal pumps are often used for irrigation, drainage, cooling water circulation, and sewage treatment applications. High flow rates and the ability to work with a variety of liquids can also boost sales of mixed flow pumps.
The single stage segment is forecasted to account for a dominant global centrifugal pump market share in the future. The stable working performance of single stage centrifugal pumps is allowing them to account for a dominant share in the industry. Industrial pumping, slurry pumping, and sewage pumping are some of the key applications for single stage centrifugal pump going forward. These types of pumps are usually preferred for low-to-moderate dynamic heads owing to their high stability and low pressure with a high flow rate. High reliability and cost-effective maintenance are also other benefits that are estimated to help this segment hold sway over others in the long run.
On the other hand, the demand for multistage centrifugal pumps is slated to rise at a notable pace in the future. High energy efficiency, easy installation, and lower internal friction losses are some of the key benefits of multistage centrifugal pumps that drive their popularity. Water supply piping, heating plants, firefighting operations, agriculture, autoclaves, boiler feed, and irrigation are expected to be key applications where the use of multistage centrifugal pumps is slated to rise rapidly over the coming years. Growing demand for custom pumps for unique applications is also expected to bolster the sales of multistage centrifugal pumps in the long run.
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The Asia Pacific region is projected to emerge as a leading market for centrifugal pump companies across the study period and beyond. Rapid industrialization, high investments in infrastructure development, and the presence of a strong oil & gas industry are helping this region bring in the most revenue. China is expected to emerge as the most opportune market in this region owing to the presence of an expansive manufacturing industry in the country. India, Japan, and South Korea are other noteworthy markets for centrifugal pump providers looking to boost their business scope in the Asia Pacific region.
Meanwhile, North America is expected to emerge as the second-largest market for centrifugal pump companies going forward. The presence of an expansive oil & gas industry, increasing use of centrifugal pumps in renewable energy applications, and rising infrastructure development investments are expected to benefit market development in this region. The United States and Canada are estimated to emerge as the most opportune markets for centrifugal pump suppliers looking to make a mark in this region. Growing mining activity and chemical processing are also expected to boost the demand for centrifugal pump in the North American region through 2032 and beyond.
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High Demand for Water and Wastewater Treatment
Expansion of Oil & Gas Industry
Availability of Alternatives
Energy Consumption Concerns
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Centrifugal pump companies should invest in the development of advanced pumps with smart capabilities to boost revenue generation potential. Targeting industrial automation and water treatment industry is expected to offer lucrative returns for centrifugal pump suppliers in the long run. Integration of smart technologies with centrifugal pumps is also expected to present new opportunities for market players going forward.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the growing use of centrifugal pumps in water treatment and oil & gas industry is slated to primarily drive market development in the future. On the contrary, availability of alternatives and energy consumption concerns are expected to impede the sales of centrifugal pumps across the study period and beyond. The Asia-Pacific region is forecasted to spearhead global centrifugal pump demand owing to the presence of robust industrial and infrastructure development activity in countries such as China, Japan, and India. Development of energy-efficient centrifugal pumps and integration of smart technologies are expected to present new revenue generation opportunities for centrifugal pump providers in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 39.71 Billion |
| Market size value in 2033 | USD 63.76 Billion |
| Growth Rate | 5.4% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Centrifugal Pump Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Centrifugal Pump Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Centrifugal Pump Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Centrifugal Pump Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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