ICT

Centrifugal Pump Market

Centrifugal Pump Market Research Report: Size, Share, Trend Analysis By Type (Overhung Impeller, Vertically Suspended, Between Bearing), By End-User (Residential, Commercial) and By Region (North America, Europe, Asia Pacific, South America, Middle East and Africa) - Growth Outlook & Industry Forecast To 2030

Vertical: ICTBase Year: 202110 Sections

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Executive Summary

Centrifugal Pump Market — Snapshot

  • 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.

Key Insight

The Centrifugal Pump Market market is projected to grow at a CAGR of 3.1% from 2019 to 2030.

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Market Scope & Coverage

What this report covers

  • Geographic Coverage: This analysis covers 5 regions: North America, Europe, Asia Pacific, South America, Middle East and Africa.
  • Market Segmentation: The market is analyzed across 3 segments: Overhung Impeller, Vertically Suspended, Between Bearing. Forecasts are provided for each segment from 2019 to 2030.
  • Competitive Landscape: 10 leading companies are profiled, covering market positioning, strategies, and recent developments.

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Centrifugal Pump Market

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