Report Overview

The United States centrifugal pumps market reached around USD 5.73 Billion in 2023. The market is projected to grow at a CAGR of 3.00% between 2024 and 2032 to reach nearly USD 7.48 Billion by 2032.

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

  • The construction sector in the United States creates approximately $2.1 trillion worth of building structures annually.
  • The United States possesses a strong power sector, with electricity generation reaching 4.11 trillion kilowatt-hours in 2021.
  • The United States is the world's largest consumer of oil, which fuels the demand for centrifugal pumps as they are commonly utilised due to their efficiency and versatility.
United States 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 5.73
Market Size 2032 USD Billion 7.48
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 3.0%
CAGR 2024-2032 - Market by Region Mideast 3.3%
CAGR 2024-2032 - Market by Application Oil and Gas 3.4%
CAGR 2024-2032 - Market by Operation Type Electric 3.7%

United States Centrifugal Pump Market Growth

The construction sector plays a significant role in the U.S. economy. As of the first quarter of 2023, there were over 919,000 construction establishments operating in the United States. This sector is among the largest consumers of products from manufacturing, mining, and a diverse range of services. Centrifugal pumps are particularly preferred in construction because of their high efficiency, capacity to manage substantial water volumes, and versatility in different site conditions. Their function in providing a consistent water supply and managing fluids on construction sites is essential for ensuring both productivity and safety. Additionally, centrifugal pumps are vital to the process of industrialisation, serving a significant function in numerous sectors owing to their adaptability, efficiency, and capacity to manage a diverse array of fluids.

The American Chemistry Council (ACC) projects that chemical production volumes in the United States will attain a 2.2% growth rate in 2024, followed by a growth of 1.9% in 2025. This rise in the production of chemicals in the region is expected to drive the demand for centrifugal pipes. Centrifugal pipes play a vital role in chemical manufacturing by offering dependable and efficient methods for managing diverse fluids under different conditions. Their adaptability and potential for customisation for particular applications render them essential in the chemical sector.

Compound Annual Growth Rate

Value in USD Billion

3%

2024-2032


United States Centrifugal Pump Market Outlook

*this image is indicative*

Key Trends and Development

Wide application of centrifugal pumps, growing adoption of energy-efficient centrifugal pumps, rising use of advanced materials in centrifugal pumps, and technological advancements are favouring the United States centrifugal pumps market expansion

November 2023

US-based Xylem launched vertical in-line centrifugal pumps for head and flow applications like hydronic heating and cooling and light industrial processes. The pump also features various seal options as well as 10 large in-line pumps.

December 2020

Blackmer, an Illinois-based Dover company, announced the launch of its System One® High Temperature Series Centrifugal Pumps. The new pumps can exceed the 400°F (204°C) standard temperature limit and support reliable and safe transfer of valuable and critical fluids in diverse applications, such as petrochemicals, plastics, thermal oils, paper, and heat transfer.

March 2020

GEA launched its range of hygienic centrifugal pumps in the United States to offer excellent efficiency, quality, and hygiene to sectors such as pharmaceuticals, dairy, and food and beverages.

Benefits of Centrifugal Pumps

Centrifugal pumps offer various benefits such as low costs, high efficiency, low maintenance requirements, and simple design. Such pumps are capable of handling huge volumes of liquid and different heads, driving their applications in commercial, industrial, scientific, and residential activities.

Diverse Applications of Centrifugal Pumps

Sectors like agriculture, oil and gas, petrochemicals, power generation, HVAC, water supply, and waste management, among others, extensively utilise centrifugal pumps due to their ability to handle and transport a diverse range of fluids.

Rising Use of Advanced Materials in Centrifugal Pumps

Centrifugal pumps are increasingly manufactured using innovative materials with high erosion and corrosion resistance, extending their operational efficiency and lowering the requirement for premature replacements and frequent maintenance.

Development of Energy-Efficient Centrifugal Pumps

Leading companies are developing vertical, self-priming, horizontal, and multiple-stage centrifugal pumps that can optimise the operation of fluid systems, minimise environmental impact, and lower energy consumption.

Growing Integration of Advanced Technologies in Centrifugal Pumps

There is a rising integration of advanced technologies and systems like advanced control software and sensor-based monitoring systems in centrifugal pumps to enable precise regulation of pressure and flow rate and enhance their efficiency.

United States Centrifugal Pump Market Trends

Centrifugal pumps can withstand high levels of corrosive liquids from different chemicals, boast energy efficiency and smooth flow, and offer enhanced reliability as well as size versatility. Such benefits make them ideal for transferring fluids such as fuels, water, oils, and chemicals, making them indispensable in end-use sectors like oil and gas production, chemical processing, and power generation, among others.

The development of innovative pumps with advanced fluid-dynamic engineering, high-efficiency materials, optimised blade profiles, and intelligent control systems is expected to drive the energy efficiency and sustainability of centrifugal pumps. Besides, innovative designs that can minimise erosion and clogging enhance the operational performance of centrifugal pumps while reducing waste production and energy consumption.

United States Centrifugal Pump Industry Segmentation

United States Centrifugal Pump Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

  • Overhung Impeller
  • Vertically Suspended
  • Between Bearing

Market Breakup by Flow Type

  • Axial Flow Pump
  • Radial Flow Pump
  • Mixed Flow Pump

Market Breakup by Stage

  • Single Stage Pump
  • Multi-Stage Pump

Market Breakup by Operation Type

  • Hydraulic
  • Electric
  • Air-Driven

Market Breakup by End Use

  • Oil and Gas
  • Chemicals
  • Construction and Building
  • Power Generation
  • Water and Wastewater
  • Agriculture
  • Others

Market Breakup by Region

  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West
CAGR 2024-2032 - Market by Region
Mideast 3.3%
New England XX%
Great Lakes XX%
Plains XX%
Others XX%

United States Centrifugal Pump Market Share

Based on the end use, the market is segmented into oil and gas, chemicals, construction and building, power generation, water and wastewater, and agriculture, among others. The water and wastewater sector is projected to grow at a CAGR of 3.4% during the forecast period of 2024-2032 amid the growing concerns regarding water scarcity in the country.

Leading Companies in the United States Centrifugal Pump Market

Major players are focusing on the integration of smart technologies and IoT in centrifugal pumps to gain a competitive edge in the market.

  • Atlas Copco AB
  • Baker Hughes Company
  • Ebara Corp.
  • Ingersoll Rand Inc.
  • Flowserve Corp.
  • Xylem Inc.
  • Sulzer AG
  • ITT Inc.
  • KSB SE & Co. KGaA
  • CIRCOR International, Inc.
  • Others

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.

*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.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Key Questions Answered in the Report

In 2023, the market attained a value of nearly USD 5.73 Billion.

The market is assessed to grow at a CAGR of 3.00% between 2024 and 2032.

The market is estimated to reach around USD 7.48 Billion by 2032.

The market is being driven by growth in the oil and gas sector and rising industrialisation and manufacturing sector.

The key trends aiding the market expansion include the adoption of smart pumping technologies and the growing focus on sustainability and environmental compliance.

The different types of centrifugal pipes in the market are overhung impeller, vertically suspended, and between bearing.

Regions considered in the market are New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

The major players in the market are Atlas Copco AB, Baker Hughes Company, Ebara Corp., Ingersoll Rand Inc., Flowserve Corp., Xylem Inc., Sulzer AG, ITT Inc., KSB SE & Co. KGaA, and CIRCOR International, Inc., among others.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

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

  • Type
  • Flow Type
  • Stage
  • Operation Type
  • Application
  • Region
Breakup by Type
  • Overhung Impeller
  • Vertically Suspended
  • Between Bearing
Breakup by Flow Type
  • Axial Flow Pump
  • Radial Flow Pump
  • Mixed Flow Pump
Breakup by Stage
  • Single Stage Pump
  • Multi-Stage Pump
Breakup by Operation Type
  • Hydraulic
  • Electric
  • Air-Driven
Breakup by Application
  • Oil and Gas
  • Chemicals
  • Construction
  • Power
  • Water and Wastewater
  • Agriculture
  • Others
Breakup by Region
  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Ingersoll Rand Inc.
  • Baker Hughes Company
  • Flowserve Corp.
  • Xylem Inc.
  • Atlas Copco AB
  • Sulzer AG
  • Ebara Corp.
  • ITT Inc.
  • KSB SE & Co. KGaA
  • CIRCOR International Inc.
  • Others

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

We’re here to help answer any questions about our products and services.

Contact us

Our Offices


Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

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 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124