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Market Snapshot

CAGR:8.35

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	8.35

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Report Overview

Centrifugal Pump Market Analysis By Application (Oil & Gas, Water & Wastewater, Chemical, Power, Others), By Type (Single-stage, Multi-stage, Axial & Mixed Flow, Submersible), and By Region Forecast to 2032:

The Centrifugal Pump Market is projected to experience substantial growth with a Compound Annual Growth Rate (CAGR) of 5.72% between 2022 and 2032. This growth is expected to result in an estimated increase of USD 12,345.67 million in market size. The expansion of this market is influenced by several key factors, including the increasing demand for fluid handling solutions in various industries, advancements in pump technology, and the need for efficient and reliable pumping systems. Centrifugal pumps play a crucial role in transferring liquids and fluids across different applications.

Centrifugal Pump Market Overview:

Drivers:

One of the primary drivers fueling the growth of the Centrifugal Pump Market is the expanding need for fluid transfer in the Oil & Gas sector. As the Oil & Gas industry continues to explore and extract resources from challenging environments, the demand for centrifugal pumps for fluid transportation and processing remains high.

Furthermore, the Water & Wastewater treatment sector relies heavily on centrifugal pumps for moving and treating water. With increasing global focus on clean water supply and wastewater management, the demand for these pumps is expected to rise significantly.

Trends:

An emerging trend in the Centrifugal Pump Market is the adoption of energy-efficient pump systems. Manufacturers are developing pumps with improved hydraulic designs and variable frequency drives to reduce energy consumption, thereby addressing environmental concerns and operational cost savings.

Additionally, the use of IoT technology for remote monitoring and predictive maintenance of centrifugal pumps is positively impacting market growth. IoT-enabled pumps can provide real-time performance data, helping operators optimize pump efficiency and reduce downtime.

Restraints:

One of the key challenges hindering the growth of the Centrifugal Pump Market is the stringent regulations and environmental standards governing pump efficiency and emissions. Manufacturers need to invest in research and development to meet these standards, which can increase production costs.

Moreover, the market faces competition from alternative pumping technologies such as positive displacement pumps and diaphragm pumps, particularly in applications where precise flow control is required.

Centrifugal Pump Market Segmentation By Application:

The Oil & Gas sector is anticipated to witness significant growth during the forecast period. Centrifugal pumps are used for a wide range of applications in this industry, including crude oil transfer, refining processes, and wastewater management.

The Water & Wastewater segment is another substantial market area. Centrifugal pumps are integral to water treatment plants, sewage systems, and desalination processes, ensuring the efficient handling of fluids.

Centrifugal Pump Market Segmentation By Type:

Various types of centrifugal pumps contribute to the market. These include single-stage pumps, which are suitable for low to moderate flow rates, multi-stage pumps for high-pressure applications, axial & mixed flow pumps for large-volume pumping, and submersible pumps for applications involving submerged fluid handling.

Regional Overview:

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Asia-Pacific is poised to be a key contributor to the global Centrifugal Pump Market, accounting for approximately 40% of the market's growth during the forecast period. The region's rapid industrialization, urbanization, and infrastructure development drive the demand for centrifugal pumps in various applications.

North America and Europe are also prominent regions in the market, with a focus on energy efficiency and stringent environmental regulations. These regions prioritize the adoption of advanced pump technologies to meet sustainability goals.

Centrifugal Pump Market Customer Landscape:

The Centrifugal Pump Market report encompasses the customer adoption lifecycle, ranging from early adopters to mainstream users. It delves into adoption rates across different regions based on industrial and municipal projects. Key purchase criteria include pump efficiency, reliability, and maintenance requirements.

Major Centrifugal Pump Market Companies:

Companies in the centrifugal pump market are employing diverse strategies such as research and development, product innovation, and strategic acquisitions to strengthen their market presence.

Example companies include:

Grundfos Group: Grundfos specializes in advanced centrifugal pump solutions for various industries, including Water & Wastewater, HVAC, and Industrial processes. They focus on energy-efficient and smart pumping systems.
Flowserve Corporation: Flowserve offers a wide array of centrifugal pumps for critical industries such as Oil & Gas, Chemical, and Power generation. Their products include single-stage, multi-stage, and specialty pumps.
KSB SE & Co. KGaA: KSB provides centrifugal pumps for diverse applications, including Water & Wastewater, Energy, and Industry. They focus on sustainability and energy-efficient solutions.

The competitive landscape analysis in the report provides insights into 20 key market players, including:

Xylem Inc.
ITT Inc.
Ebara Corporation
Sulzer Ltd.
Wilo SE
Pentair plc
Weir Group plc
Tsurumi Manufacturing Co., Ltd.
Kirloskar Brothers Limited
Atlas Copco AB
Baker Hughes Company
ClydeUnion Pumps
Cornell Pump Company
Gardner Denver Holdings, Inc.
KBL (Kirloskar Brothers Limited)
Pentair plc
Ruhrpumpen Group
SPP Pumps Limited
ITT Inc.
Simmons Pump LLC

Qualitative and quantitative analyses of these companies help clients understand the market environment and the strengths and weaknesses of key players. Companies are categorized based on their product offerings, technological advancements, and market presence.

Segment Overview:

The Centrifugal Pump Market report forecasts revenue growth at global, regional, and country levels and offers an analysis of trends and growth opportunities from 2019 to 2032.

Application Outlook (USD Million, 2019 - 2032):

Oil & Gas
Water & Wastewater
Chemical
Power
Others

Type Outlook (USD Million, 2019 - 2032):

Single-stage
Multi-stage
Axial & Mixed Flow
Submersible
Others

Geography Outlook (USD Million, 2019 - 2032):

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

Asia-Pacific

China
Japan
India

Latin America

Brazil
Mexico

Middle East & Africa

United Arab Emirates
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL Centrifugal Pump MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. Centrifugal Pump MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. Centrifugal Pump Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. Centrifugal Pump MARKET BY type SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Overhung Impeller

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Vertically Suspended

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Bearing

5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. Centrifugal Pump MARKET BY stage INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Single Stage

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Multistage

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. Centrifugal Pump MARKET REGIONAL OUTLOOK

7.1. Centrifugal Pump Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America Centrifugal Pump Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America Centrifugal Pump Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America Centrifugal Pump Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America Centrifugal Pump Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. Centrifugal Pump Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. Centrifugal Pump Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. Centrifugal Pump Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. Centrifugal Pump Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada Centrifugal Pump Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada Centrifugal Pump Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada Centrifugal Pump Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada Centrifugal Pump Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe Centrifugal Pump Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe Centrifugal Pump Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe Centrifugal Pump Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe Centrifugal Pump Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany Centrifugal Pump Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany Centrifugal Pump Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany Centrifugal Pump Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany Centrifugal Pump Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France Centrifugal Pump Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France Centrifugal Pump Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France Centrifugal Pump Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France Centrifugal Pump Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. Centrifugal Pump Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. Centrifugal Pump Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. Centrifugal Pump Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. Centrifugal Pump Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific Centrifugal Pump Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific Centrifugal Pump Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific Centrifugal Pump Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific Centrifugal Pump Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China Centrifugal Pump Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China Centrifugal Pump Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China Centrifugal Pump Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China Centrifugal Pump Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India Centrifugal Pump Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India Centrifugal Pump Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India Centrifugal Pump Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India Centrifugal Pump Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan Centrifugal Pump Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan Centrifugal Pump Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan Centrifugal Pump Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan Centrifugal Pump Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia Centrifugal Pump Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia Centrifugal Pump Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia Centrifugal Pump Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia Centrifugal Pump Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea Centrifugal Pump Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea Centrifugal Pump Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea Centrifugal Pump Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea Centrifugal Pump Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America Centrifugal Pump Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America Centrifugal Pump Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America Centrifugal Pump Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America Centrifugal Pump Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America Centrifugal Pump Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 Flowserve (US)

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 ITT (US)

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 KSB (Germany)

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 Grundfos (Denmark)

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Sulzer (Switzerland)

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Wilo (Germany)

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiativesn

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Centrifugal Pump Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032