Centrifugal Pump Market Report by Impeller Type (Overhung Impeller, Vertically Suspended, Between Bearing), Stage (Single Stage Pump, Two Stage Pump, Multi-Stage Pump), Flow Type (Axial Flow Pumps, Radial Flow Pumps, Mixed Flow Pumps), Capacity (Small Capacity, Medium Capacity, High Capacity), End-User (Chemicals, Oil and Gas, Power Generation, Construction, Pharmaceuticals, Food and Beverages, Metals and Mining, Water and Wastewater, and Others), and Region 2024-2032
The global centrifugal pump market size reached US$ 32.3 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 47.2 Billion by 2032, exhibiting a growth rate (CAGR) of 4.2% during 2024-2032.
A centrifugal pump is a mechanical device that is designed to increase the pressure of fluids during transportation. It converts the rotational kinetic energy to hydrodynamic energy, which is used for accelerating fluids, such as chemicals, water, wastewater, sludge treatment liquids, bleaches, oil and resins. The fluid enters the pump impeller, which is placed near the rotating axis and is accelerated and moved radially into a diffuser, from where it exits. Some of the common types of centrifugal pumps include single-stage, multi-stage, axial, submersible, circular flow and mixed flow pumps. These pumps offer steady delivery, convenience for operation, vertical or horizontal mounting, high-speed movements and minimal maintenance requirements.
Rapid industrialization, along with increasing product demand from the wastewater treatment sector, is among the key factors driving the growth of the market. Furthermore, the growing need to replace existing industrial pumps in the pharmaceutical and food and beverage industries is also providing a boost to the market growth. In line with this, there is widespread product adoption in the oil and gas industry for conducting exploratory activities in offshore and deep-water fields across the globe. Additionally, various technological advancements, such as the development of 3D printed impellers and the utilization of modeling software, is acting as another growth-inducing factor. These advancements aid in enhancing the performance of the pumps, minimizing production costs and delivering a higher flow rate and outlet pressure. Other factors, including the growing demand for energy-efficient centrifugal pumps and increasing investments for desalination in industrial plants, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global centrifugal pump market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on impeller type, stage, flow type, capacity and end-user.
Breakup by Impeller Type:
Overhung Impeller
Vertically Suspended
Between Bearing
Breakup by Stage:
Single Stage Pump
Two Stage Pump
Multi-Stage Pump
Breakup by Flow Type:
Axial Flow Pumps
Radial Flow Pumps
Mixed Flow Pumps
Breakup by Capacity:
Small Capacity
Medium Capacity
High Capacity
Breakup by End-User:
Chemicals
Oil and Gas
Power Generation
Construction
Pharmaceuticals
Food and Beverages
Metals and Mining
Water and Wastewater
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Baker Hughes (A GE Company), Circor International Inc., Ebara Corporation, Flowserve, Grundfos Holding, ITT Corporation, Pentair Inc., Someflu, Tsurumi Manufacturing Co. Ltd., Weir, Wilo SE, Xylem Inc., etc.
Key Questions Answered in This Report:
How has the global centrifugal pump market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global centrifugal pump market?
What is the breakup of the market based on the impeller type?
What is the breakup of the market based on the stage?
What is the breakup of the market based on the flow type?
What is the breakup of the market based on the capacity?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global centrifugal pump market and who are the key players?
What is the degree of competition in the industry?
A centrifugal pump is a mechanical device that is designed to increase the pressure of fluids during transportation. It converts the rotational kinetic energy to hydrodynamic energy, which is used for accelerating fluids, such as chemicals, water, wastewater, sludge treatment liquids, bleaches, oil and resins. The fluid enters the pump impeller, which is placed near the rotating axis and is accelerated and moved radially into a diffuser, from where it exits. Some of the common types of centrifugal pumps include single-stage, multi-stage, axial, submersible, circular flow and mixed flow pumps. These pumps offer steady delivery, convenience for operation, vertical or horizontal mounting, high-speed movements and minimal maintenance requirements.
Rapid industrialization, along with increasing product demand from the wastewater treatment sector, is among the key factors driving the growth of the market. Furthermore, the growing need to replace existing industrial pumps in the pharmaceutical and food and beverage industries is also providing a boost to the market growth. In line with this, there is widespread product adoption in the oil and gas industry for conducting exploratory activities in offshore and deep-water fields across the globe. Additionally, various technological advancements, such as the development of 3D printed impellers and the utilization of modeling software, is acting as another growth-inducing factor. These advancements aid in enhancing the performance of the pumps, minimizing production costs and delivering a higher flow rate and outlet pressure. Other factors, including the growing demand for energy-efficient centrifugal pumps and increasing investments for desalination in industrial plants, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global centrifugal pump market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on impeller type, stage, flow type, capacity and end-user.
Breakup by Impeller Type:
Overhung Impeller
Vertically Suspended
Between Bearing
Breakup by Stage:
Single Stage Pump
Two Stage Pump
Multi-Stage Pump
Breakup by Flow Type:
Axial Flow Pumps
Radial Flow Pumps
Mixed Flow Pumps
Breakup by Capacity:
Small Capacity
Medium Capacity
High Capacity
Breakup by End-User:
Chemicals
Oil and Gas
Power Generation
Construction
Pharmaceuticals
Food and Beverages
Metals and Mining
Water and Wastewater
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Baker Hughes (A GE Company), Circor International Inc., Ebara Corporation, Flowserve, Grundfos Holding, ITT Corporation, Pentair Inc., Someflu, Tsurumi Manufacturing Co. Ltd., Weir, Wilo SE, Xylem Inc., etc.
Key Questions Answered in This Report:
How has the global centrifugal pump market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global centrifugal pump market?
What is the breakup of the market based on the impeller type?
What is the breakup of the market based on the stage?
What is the breakup of the market based on the flow type?
What is the breakup of the market based on the capacity?
What is the breakup of the market based on the end-user?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global centrifugal pump market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL CENTRIFUGAL PUMP MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 MARKET BREAKUP BY IMPELLER TYPE
6.1 Overhung Impeller
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Vertically Suspended
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Between Bearing
6.3.1 Market Trends
6.3.2 Market Forecast
7 MARKET BREAKUP BY STAGE
7.1 Single Stage Pump
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Two Stage Pump
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Multi-Stage Pump
7.3.1 Market Trends
7.3.2 Market Forecast
8 MARKET BREAKUP BY FLOW TYPE
8.1 Axial Flow Pumps
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Radial Flow Pumps
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Mixed Flow Pumps
8.3.1 Market Trends
8.3.2 Market Forecast
9 MARKET BREAKUP BY CAPACITY
9.1 Small Capacity
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Medium Capacity
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 High Capacity
9.3.1 Market Trends
9.3.2 Market Forecast
10 MARKET BREAKUP BY END-USER
10.1 Chemicals
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Oil and Gas
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Power Generation
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Construction
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Pharmaceuticals
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Food and Beverages
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Metals and Mining
10.7.1 Market Trends
10.7.2 Market Forecast
10.8 Water and Wastewater
10.8.1 Market Trends
10.8.2 Market Forecast
10.9 Others
10.9.1 Market Trends
10.9.2 Market Forecast
11 MARKET BREAKUP BY REGION
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT ANALYSIS
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 VALUE CHAIN ANALYSIS
14 PORTERS FIVE FORCES ANALYSIS
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 PRICE ANALYSIS
16 COMPETITIVE LANDSCAPE
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Baker Hughes (A GE Company)
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Circor International, Inc.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Ebara Corporation
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Flowserve
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 Grundfos Holding
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 ITT Corporation
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 Pentair Inc.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 Someflu
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.9 Tsurumi Manufacturing Co. Ltd.
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.10 Weir
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Wilo SE
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.12 Xylem Inc.
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
16.3.12.4 SWOT Analysis
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL CENTRIFUGAL PUMP MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 MARKET BREAKUP BY IMPELLER TYPE
6.1 Overhung Impeller
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Vertically Suspended
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Between Bearing
6.3.1 Market Trends
6.3.2 Market Forecast
7 MARKET BREAKUP BY STAGE
7.1 Single Stage Pump
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Two Stage Pump
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Multi-Stage Pump
7.3.1 Market Trends
7.3.2 Market Forecast
8 MARKET BREAKUP BY FLOW TYPE
8.1 Axial Flow Pumps
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Radial Flow Pumps
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Mixed Flow Pumps
8.3.1 Market Trends
8.3.2 Market Forecast
9 MARKET BREAKUP BY CAPACITY
9.1 Small Capacity
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Medium Capacity
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 High Capacity
9.3.1 Market Trends
9.3.2 Market Forecast
10 MARKET BREAKUP BY END-USER
10.1 Chemicals
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Oil and Gas
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Power Generation
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Construction
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Pharmaceuticals
10.5.1 Market Trends
10.5.2 Market Forecast
10.6 Food and Beverages
10.6.1 Market Trends
10.6.2 Market Forecast
10.7 Metals and Mining
10.7.1 Market Trends
10.7.2 Market Forecast
10.8 Water and Wastewater
10.8.1 Market Trends
10.8.2 Market Forecast
10.9 Others
10.9.1 Market Trends
10.9.2 Market Forecast
11 MARKET BREAKUP BY REGION
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT ANALYSIS
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 VALUE CHAIN ANALYSIS
14 PORTERS FIVE FORCES ANALYSIS
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 PRICE ANALYSIS
16 COMPETITIVE LANDSCAPE
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Baker Hughes (A GE Company)
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Circor International, Inc.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Ebara Corporation
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Flowserve
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 Grundfos Holding
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 ITT Corporation
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.7 Pentair Inc.
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 Someflu
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.9 Tsurumi Manufacturing Co. Ltd.
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.10 Weir
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Wilo SE
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.12 Xylem Inc.
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
16.3.12.4 SWOT Analysis
