Base Year
Historical Year
Forecast Year
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.
| Global Centrifugal Pump Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 1.16 |
| Market Size 2032 | USD Billion | 1.93 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 5.8% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 6.7% |
| CAGR 2024-2032 - Market by Country | India | 7.7% |
| CAGR 2024-2032 - Market by Country | Mexico | 7.1% |
| CAGR 2024-2032 - Market by Impeller Type | Overhung Impeller | 6.5% |
| CAGR 2024-2032 - Market by End-Use | Oil and Gas | 6.6% |
| Market Share by Country 2023 | India | 3.8% |
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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.
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:
The market can be broadly categorised on the basis of stage segments into:
Based on flow type, the market is segmented into:
By end-use, the market is classified into:
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.
| CAGR 2024-2032 - Market by | Country |
| India | 7.7% |
| Mexico | 7.1% |
| China | 6.4% |
| UK | 5.3% |
| USA | 5.2% |
| Canada | XX% |
| Germany | 4.8% |
| France | XX% |
| Italy | XX% |
| Japan | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Australia | 4.5% |
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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.
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:
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.
| 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 |
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| Breakup by Region |
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| Market Dynamics |
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| Trade Data Analysis |
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| Competitive Landscape |
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| 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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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.
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India
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Philippines
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+44-753-713-2163
United States (Head Office)
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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