Market Size (2021)
2021
$35.24B
Vertical: ICTBase Year: 202110 Sections
Market Size (2021)
2021
$35.24B
Projected (2030)
2030
$51.09B
CAGR (2019–2030)
3.1%
Key Players
10+
In terms of value, the global Centrifugal Pump market is expected to register 4.04% CAGR during the forecast period, 2022 to 2030, and is expected to reach USD51,088.52 million in 2030.
Global Centrifugal Pump market is segmented on the basis of type, End User, and region. By The type, the market is segmented into Overhung Impeller, Vertically Suspended, Between Bearing. Based on End User, the market is segmented into Residential and commercial. Major regions considered within the market are North America, Europe, Asia Pacific, South America, and Middle East & Africa.
Some of the players operating in the market are NOV, Inc. Baker Hughes, Grundfos, Flowserve, Weir Group, Wilo, KSB, Xylem and many more.
Rapidly developing residential & commercial infrastructure, along with the expansion of the manufacturing sector, will propel the global centrifugal pump market growth. The growth is attributed to the increasing investment in the construction industry led to rapid urbanization. The high demand for these type of pumps in the agriculture sector is attributed to the growth of the market. Additionally, the increasing demand for hydrocarbons to fuel various power generation requirements will add to the industry outlook. A centrifugal pump is one of the most widely installed pump types used in a broad range of applications. It is connected in various industry verticals to transfer liquids efficiently in bulk volumes and deliver optimum dynamic head and flow rates to the fluids.
The Centrifugal Pump Market market is projected to grow at a CAGR of 3.1% from 2019 to 2030.
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View Subscription PlansCentrifugal Pump Market
Historical performance and future projections (2020–2030, USD Billion)
Market Size (USD Mn)
Centrifugal pump is a mechanical device designed to move liquid by means of the transfer of rotational energy through impellers. These types of pumps are mainly used for pumping water in the industrial and residential properties. They are also majorly used in agriculture sector, municipal water and wastewater plants, power generation plants, petroleum, and chemical industries, among others. Advantages of centrifugal pump include steady delivery, easy to operate, can be mounted horizontally or vertically, and it moves at high speeds with minimal maintenance.
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View Subscription PlansThis report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2021
Historical Period
2019 – 2020
Forecast Period
2022 – 2030
Primary Interviews
150+
Historical data (2019–2021) and forecast period (2021–2030)
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
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View Subscription PlansThreat of New Entrants
The Centrifugal Pump Market is at the stage where the well-established companies are increasing their investments in enhancing the technical specifications of pump, reducing the cost, and improving their market share in the cost-sensitive market. Therefore, it becomes difficult for new entrants to compete with established brands in the market. Additionally, new players need to invest heavily in creating a brand name through promotion and marketing. Setting up a pump processing facility to convert it into different usable End User in different industry requires substantial capital. However, the barriers to enter the market are not very high, and Pump industry is a capital-intensive business. New entrants are less likely to enter a dynamic industry where the established players keep defining the standards regularly. It significantly reduces the window of extraordinary profits for the new firms thus discourage new players in the industry. Large suppliers, which benefit from their economies of scale operations, can offer more competitive prices to customers. Substantial capital investment is required to establish economies of scale in manufacturing and production
Hence, the threat of new entrants in the global Centrifugal Pump market is expected to be low during the forecast period.
Bargaining Power of Suppliers
There are of various types of raw materials required to produce Centrifugal Pump, depending on the ultimate End User. The Centrifugal Pump manufacturers procure both raw materials and components from suppliers. The presence of raw material suppliers is wide. However, the demand for raw materials to manufacture is moderate as the parts are required to be produced while maintaining the highest manufacturing standards to achieve the required working efficiency in extreme working conditions. This reduces the bargaining power of suppliers.
Major pump manufacturers procure these raw materials and components in very high quantities, which lessens the bargaining power of suppliers up to a certain extent. However, the Pumps companies cannot easily switch suppliers due to the risks involved in not obtaining the required quantity and quality of materials and specification from new suppliers on time, which increases the switching cost. Hence, these manufacturers tend to have long-term contracts with their suppliers
Hence, the bargaining power of suppliers in the global Centrifugal Pump market is expected to be moderate during the forecast period.
Bargaining Power of Buyers
Bargaining power of buyers refers to the impact Centrifugal pump consumers can have on the manufacturers. There are a large number of manufacturers and suppliers in the market, which give the buyers an array of options to choose from. There is a bare minimum cost involved in switching suppliers as the product usually last for a few years. Based on these facts the bargaining power of buyers in high.
Hence, the bargaining power of buyers in the global Centrifugal Pump market is expected to be high during the forecast period.
Threat of Substitutes
Centrifugal Pumps have no direct substitutes that can match their technical specifications and features. Centrifugal Pumps are designed with a specific pattern and standards to cater to the specific requirement in the respective sector, which pushes the major buyers to rely on certain players. Thus, the threat of substitutes in the market is low.
Hence, the threat of substitutes in the global Centrifugal Pump market is expected to be low during the forecast period.
Intensity of Rivalry
The intensity of rivalry, in the submersible pump market is high. Most of the competitors in the market are multinational companies with substantial financial resources. This enables the companies to invest in their research and development department. These companies rely on innovation to stay ahead in the market. The companies are seeking opportunities to expand their services into new Countries with an exhaustive product portfolio. These factors have made the intensity of rivalry, very high.
Hence, the intensity of rivalry in the global Centrifugal Pump market is expected to be high during the forecast period.
Market estimates by geography (2030)
InsightAsia Pacific leads with $19.94B by 2030, while South America is projected to grow fastest at a 3.3% CAGR.
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View Subscription Plans| REGION | 2019 | 2021 | 2030 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $9.62B | $11.08B | $13.63B | 3.2% | 27% |
| Europe | $5.20B | $5.90B | $7.17B | 3.0% | 14% |
| Asia Pacific | $14.22B | $16.28B | $19.94B | 3.1% | 39% |
| South America | $1.92B | $2.22B | $2.75B | 3.3% | 5% |
| Middle East and Africa | $5.67B | $6.33B | $7.60B | 2.7% | 15% |
| Total | $36.63B | $41.81B | $51.09B | 3.1% | 100% |
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View Subscription PlansTotal Market Size
$51.09B
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Overhung Impeller | $33.74B | 3.0% | 66% |
| Vertically Suspended | $11.33B | 3.1% | 22% |
| Between Bearing | $6.02B | 3.5% | 12% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytical insights on Centrifugal Pump Market covering market dynamics, competitive landscape, and strategic outlook.
The Centrifugal Pump Market market is projected to reach $51.09B by 2030, growing at 3.1% CAGR. The Overhung Impeller segment holds the largest share.
The centrifugal pump is inclined to siphoning liquids containing pollutants, which can lessen the framework's efficiency. Subsequently, keeping up with the functioning boundaries of the siphons is basic to supporting by and large effectiveness and item life. To remotely analyze shortcoming circumstances, a few industry players have really demonstrated refined innovations, for example, network-based observing, the Internet of Things (IoT), and numerous others. For instance, during the overall exchange exhibition ACHEMA Germany, KSB presented their new stage known as "KSB watch" to screen siphon frameworks using network sensors. The imaginative arrangement expects to incorporate temperature and vibration sensors into the siphons to recognize changes in working way of behaving for improved retrofitting and support.
The continuous need to boost pressure and supply water to conduct various operations has propelled centrifugal units in different verticals like food & beverage, marine, metal manufacturing, chemicals, and many others. However, several factors, including viscosity, temperature, specific gravity, pressure, density, and vapor pressure of the working fluid, govern the applicability of these products in different capacities and sizes. The growth of the global centrifugal pumps market is being driven by the rapid construction of residential and commercial infrastructure and the expansion of the manufacturing sector. The growth is attributed to the increased infrastructure investment, which has resulted in fast urbanization. The wastewater treatment sector's demand for these products is expected to drive the industry over the coming years.
The expanding global population and increased water use across different industries are projected to encourage the construction of new water treatment facilities throughout the world, allowing the water and wastewater industry to expand. As a result, demand for centrifugal pumps is projected to increase. Expanding the number of residential and commercial construction projects will boost market growth. These pumps contribute to the resolution of variable or lower pressure issues and provide energy-efficient water transfer solutions and HVAC requirements in buildings. In wastewater treatment plants, centrifugal pumps are commonly employed to process used water. Rotating impellers are used in these pumps to enhance impeller velocity and force fluids through exit valves.
The rising demand for centrifugal pumps is thus predicted by the expanding number of worldwide wastewater treatment plants. In addition, various technical developments, such as the creation of 3D-printed impellers and the use of modelling software, are also contributing to growth. These improvements assist in improving pump performance, lowering manufacturing costs, and delivering a greater flow rate and output pressure. Other factors, such as rising demand for energy-efficient centrifugal pumps and increased expenditures in desalination in industrial facilities, are expected to boost the market even further.
Centrifugal pump is prone to pump different fluids containing several impurities that may hamper the system's productivity. Consequently, maintaining the operating conditions of the pumps plays a crucial role in increasing the overall efficiency and life of products. Various industry participants have successfully demonstrated advanced technologies like network-based monitoring, the Internet of Things (IoT), and many others to remotely diagnose fault conditions. For Example, KSB presented its new platform known as “KSB guard” to monitor pump systems using network sensors at the global trade fair, ACHEMA, held in Germany. The novel breakthrough aims to add temperature and vibration sensors to the pumps to detect changes in operating behaviour for better retrofitting and maintenance.
Cavitation refers to the process of formation of the vapor phase in a liquid when it is subjected to reduced pressures at a constant ambient temperature. Vapor bubbles that are formed within centrifugal pumps owing to inadequate liquid tend to move toward areas of high pressure within them to collapse under sufficient pressure and return to the liquid state. The implosion of these bubbles flakes off small portions of metal from impeller surfaces, resulting in low-frequency vibration and noise, along with extensive damage to centrifugal pumps. This impacts the performance of pumps, resulting in their reduced sales and high replacement costs. Thus, cavitation and dry-run related failures can hinder the growth of the centrifugal pump market.
Regular Priming Requirements along with Formation of Cavitation Conditions May Obstruct Growth these kind of pump operates by rotating the impellers instead of imparting suction power to pump liquid in and out of the systems. Priming is the operation wherein the system is completely submerged in liquid to minimize the air intake that generates weak pull and causes major problems.
Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.
Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Profiles of 106 companies operating in the Centrifugal Pump Market market, including revenue, employee count, and market positioning where available.
Showing 106 of 106 companies
NOV Inc.
Company Headquarters: United States Founded: 1862 Workforce: ~ 27,043 (Global) Company Working: NOV Inc. (NOV or 'the company'), formerly, National OilWell Varco Inc, is a provider of technology and equipment to the oil and gas industry. The company conducts operations in approximately 552 locations across six continents. It owns and leases 137 engineering, sales and administration facilities, 109 service centers and 306 repair and manufacturing facilities. The company serves national and independent service companies, oil and gas operators and contractors in 61 countries worldwide. NOV operates its business through three reportable business segments: Rig Technologies, Wellbore Technologies, and Completion and Production Solutions. The Rig Technologies segment supports the integrated systems and capital equipment, which are used to drill oil and gas wells on land and offshore. It also designs, manufactures and sells land rigs, offshore drilling equipment packages, such as installation and commissioning services, and drilling rig components which mechanize and automate the drilling process and rig functionality. NOV's rig system segment's equipment and technologies include derricks, substructures, and masts; jacking systems; cranes; rotating, and assembly systems, pipe lifting, racking; fluid transfer technologies, such as mud pumps; power transmission systems, including drives and generators; and rig instrumentation and control systems; pressure control equipment, including blowout preventers. It operates manufacturing facilities in New Iberia, Louisiana; Orange, California; Houston, Texas; Dubai, UAE; and Singapore. As of December 2021, it had order backlog of US$2.8 billion. In FY2021, the Rig Technologies segment reported revenue of US$1,739 million, which accounted for 30.7% of the company’s revenue. NOV's Wellbore Technologies segment designs, manufactures, sells and rents various equipment and technologies used for drilling operations. It also offers services that optimize their performance, including solids control and waste management equipment and services, drill pipe, wired pipe, tubular repair, inspection and coating services, fishing and downhole tools, instrumentation and drill bits. The segment serves oil and gas companies and supports oilfield equipment rental companies, drilling contractors and oilfield service companies. It operates manufacturing facilities in Veracruz, Mexico; Houston, Navasota, Conroe, and Cedar Park, Texas; and Dubai, UAE. In FY2021, the Wellbore Technologies segment reported revenue of US$1,959 million, which accounted for 34.6% of the company’s revenue. The Completion and Production Solutions segment integrates technologies for oil and gas production and well completions. It designs, manufactures, and sells equipment and technologies needed for hydraulic fracture stimulation, including pressure pumping trucks, sanders, blenders, hydration units, flow line, manifolds, and injection units. It also manufactures well intervention products, including coiled tubing, coiled tubing units and wireline units and tools; and onshore production systems, including surface transfer, composite pipe, and progressive cavity pumps, and artificial lift systems. In addition, the company supplies offshore production systems, including floating production systems and subsea production technologies. The segment also supports oil and gas companies and service companies. It operates manufacturing facilities in Tulsa, Oklahoma; Houston, and Fort Worth, Texas; Qingdau, Shandong, China; Aberdeenshire, Scotland, UK; Senai, Malaysia; Kalundborg, Denmark; Manchester, England; and Superporto du Acu, Brazil. As of December 2021, it had order backlog of US$1.3 billion. In FY2021, the Completion and Production Solutions segment reported revenue of US$1,963 million, which accounted for 34.7% of the company’s revenue. Geographically, the company classifies its operations into 11 regions: the US, Norway, Singapore, Saudi Arabia, the UK, China, Brazil, Canada, the UAE, South Korea, and Other Countries. In FY2021, the US accounted for 31.9% of the company’s revenue, followed by Norway (6.6%), Singapore (2.6%), Saudi Arabia (5.7%), the UK (3.7%), China (4%), Brazil (5.7%), Canada (3.7%), the UAE (2.4%), South Korea (0.6%), and Other Countries (33.1%).
The Weir Group PLC
Company Headquarters: UK Founded: 1871 Workforce: ~18,000 Company Working: The Weir Group PLC is a global provider of mineral and flow control services in the global market. Its product business segment includes pumps, valves, crushers, wellhead, Linatex rubber, hydrocyclones, screening equipment, and oil & gas safety products. The pump segment includes axial flow pumps, belt tensioning system, centrifugal pumps, chop-flow pumps, high pressure pitot tube pumps, high pressure pumps, horizontal slurry pumps, industrial & chemical pumps, mine dewatering pumps, non-clog pumps, PD pumps, prerotation pumping system, recessed impeller pumps, screw centrifugal pumps, self-priming pumps, submersible pumps, vertical slurry pumps, vertical specialty slurry pumps, and well service pump. Its service segment covers minerals services, oil & gas services, and flow control services. It offers solutions and services for various sectors such as water and waste water, chemical and fertilizers, cryogenic, desalination, food and beverage, petrochemicals, pharmaceuticals, and waste to energy. The major brands for pumps are Begemann, GEHO, Hazleton, Lewis, Multiflo, Roto-Jet, Novatech, SPM, WARMAN, WEMCO, and WSP. Its major markets are the US, Chile, Brazil, Peru, South Africa, Malaysia, China, Australia, the UK, and the Netherlands. It operates from more than 70 countries across the world. The major subsidiaries for the group are KOP Surface Products, ESCO Corporation, and Seaboard Holdings Inc.
Xylem
Company Headquarters: US Founded: 2011 Workforce: ~16,200 Company Working: Xylem is an American water technology company that offers engineered solutions to meet water, wastewater and energy needs for applications such as building services, commercial, public utility, and industrial purposes. It operates in three business segments, which include water infrastructure, applied water and measurement & control solutions. Water & wastewater pumps and filtration, disinfection & biological treatment are the major products of water infrastructure segment. Pumps, valves, heat exchangers & controls, dispensing equipment systems are some of the major products of applied water segment. Measurement & control solutions segment offers various solutions such as smart meters, networked communication devices, data analytics, test equipment & controls, sensor devices, and software & managed services. The company operates in North America, Europe, and Asia-Pacific.
SOMEFLU
Company Headquarters: France Founded: 1962 Workforce: ~ 69 Company Working: SOMEFLU is a pump manufacturer specialized in the engineering and manufacturing of corrosion resistant centrifugal pumps. SOMEFLU pumps are made of thermoplastic and designed in horizontal or vertical version. SOMEFLU pumps are designed for the most difficult industries where corrosion and abrasion resistance are complexes to solve. These pumps are made of engineered plastics such PP, PE, SOMEDUR®, UHMW-PE, PVDF, PFA, PEEK and designed to handle both corrosive or abrasive fluids which could be clear, slightly or heavily particle-loaded fluids. The manufacturing unit is equipped with most advanced CNC machines, generation software (CAD/CAM) and digitally controlled machines making it possible to meet cost, quality and deadline requirements. SOMEFLU offers its clients the most effective and economic solutions.
Grundfos Holding A/S
Company Headquarters: Denmark Founded: 2008 Workforce: ~19,221 Company Working: Grundfos is a leading industrial pump manufacturer based in Denmark. Grundfos specializes in pumps for water treatment. The company offers centrifugal pumps, single-suction pumps, coolant pumps, submersible pumps, metering pumps, and circulation pumps for heating, air conditioning, water supply, industrial, chemical dosing, sterilization, and miscellaneous drainage applications. The company acquired Hilge GmbH, a German pump manufacturer in 2004, Alldos International AG, a Swiss company; in 2005, Tesla, Srl, an Italian company in 2005, PACO Pumps, a North American manufacturer of pumps for HVAC applications, in 2007. It sold Hilge GmbH, a manufacturer of pumps for the food and beverage industry, to GEA, a German company. The company offers pumps for various purposes including heating, air-conditioning, and ventilation. Its product portfolio includes submersible motors, submersible recirculation pumps, heavy duty submersible pumps, piston pumps, ALPHA circulator pumps, DME diaphragm dosing pump, SP submersible groundwater pump and DP drainage pump. It also offers several services such as installation and operation, repair and maintenance, and surveillance and mobility. The company’s products find applications in various industries including commercial buildings, beverage, automotive, bio fuel, pharma, mining, marine, machining industry, washing and cleaning, agriculture and marine. It operates various manufacturing facilities and markets its products through authorized service partners and distributors globally. The company has operations in the Americas, Asia-Pacific, Europe, and Middle East and Africa. Grundfos is headquartered in Bjerringbro, Denmark.
Baker Hughes
12 interactive charts drawn from the Centrifugal Pump Market dataset — market size, regional splits and each segment breakdown. Open one to read its full data table and download it.
Global Centrifugal Pump Market By End User
Global Centrifugal Pump Market By TYPE
Global Centrifugal Pump Market Saudi Arabia, UAE, South Africa and Rest Of Middle East And Africa Of Middle East And Africa
Global Centrifugal Pump Market Brazil, Argentina and Rest Of South America Of South America
Global Centrifugal Pump Market China, Japan, India, Australia and Rest Of Asia Pacific Of Asia Pacific By Country
Global Centrifugal Pump Market Germany, France, Italy, United Kingdom and Rest Of Europe Of Europe By Country
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