Centrifugal Pump Market

The centrifugal pump market is estimated to be valued at USD 41.38 Bn in 2025 and is expected to reach USD 61.45 Bn by 2032, growing at a compound annual growth rate (CAGR) of 5.8% from 2025 to 2032.

Report Description

Centrifugal pumps are mechanical devices that move fluids (liquids or gases) through the use of rotational energy. They work by converting rotational kinetic energy, imparted by a motor or turbine, into the hydrodynamic energy of the moving fluid. The main components of a centrifugal pump consist of an impeller fixed on a rotating shaft inside a casing. As the impeller rotates, it accelerates the fluid outward using centrifugal force. The fluid then exits the pump impeller region through a diffuser or volute chamber where the kinetic energy is converted into pressure energy. Centrifugal pumps are used extensively in the industrial, agricultural, and municipal applications. Some common uses include water and wastewater treatment, petrochemical processing, power generation, irrigation, marine applications, and transferring various liquids in manufacturing industries.

Market Dynamics

The global centrifugal pump market is projected to witness significant growth over the forecast period owing to rising industrial and infrastructure development activities. The growing demand from end-use industries such as water and wastewater treatment, chemical, oil & gas, and power generation is expected to boost market revenues. In the oil & gas industry, centrifugal pumps are required for pumping a variety of fluids including crude oil, liquefied natural gas, liquefied petroleum gas, and refined products. Increasing oil production and construction of new refineries and pipelines will thus spur the pump demand. Moreover, stringent environmental regulations regarding industrial wastewater disposal are forcing companies to invest in advanced water treatment facilities, thereby driving the pump consumption. However, high initial costs associated with centrifugal pumps may hinder the market growth to some extent. Ongoing research towards the development of energy-efficient and corrosion-resistant models presents bright prospects for market players.

Key features of the study

• This report provides an in-depth analysis of the global centrifugal pump market, and provides market size (USD Bn) and compound annual growth rate (CAGR %) for the forecast period (2025–2032), considering 2024 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global centrifugal pump market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include CP Pumpen AG, DESMI A/S, Ebara Corporation, Flowserve Corporation, Grundfos, HERMETIC-Pumpen GmbH, HOMA Pumpenfabrik GmbH, Kirloskar Brothers Ltd., Klaus Union GmbH & Co. KG, KSB Group, Ruhrpumpen Group, Shakti Pump, Speck Pumpen Walter Speck GmbH & Co. KG, Sulzer AG, Toyo Denki Industrial Co. Ltd., Tsurumi Manufacturing Co., Ltd., Wier Group, WILO SE, WPIL Limited, and Xylem Inc.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global centrifugal pump market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global centrifugal pump market.

Market Segmentation

• Product Type Insights (Revenue, USD Bn, 2020 - 2032)
• Single-stage Pump
• Multi-stage Pump
• Axial & Mixed Flow Pump
• Submersible Pump
• Sealless & Circulator Pumps.
• Capacity (HP) Insights (Revenue, USD Bn, 2020 - 2032)
• Small
• Medium
• High
• End-use Industry Insights (Revenue, USD Bn, 2020 - 2032)
• Industrial
• Chemicals
• Water & Wastewater Treatment
• Power
• Oil & Gas
• Pharmaceuticals
• Food & Beverages
• Others
• Agricultural
• Domestic
• Regional Insights (Revenue, USD Bn, 2020 - 2032)
• North America
• U.S.
• Canada
• Latin America
• Brazil
• Argentina
• Mexico
• Rest of Latin America
• Europe
• Germany
• U.K.
• Spain
• France
• Italy
• Russia
• Rest of Europe
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa
• GCC Countries
• South Africa
• Israel
• Rest of Middle East & Africa
• Key Players Insights
• CP Pumpen AG
• DESMI A/S
• Ebara Corporation
• Flowserve Corporation
• Grundfos
• HERMETIC-Pumpen GmbH
• HOMA Pumpenfabrik GmbH
• Kirloskar Brothers Ltd.
• Klaus Union GmbH & Co. KG
• KSB Group
• Ruhrpumpen Group
• Shakti Pump
• Speck Pumpen Walter Speck GmbH & Co. KG
• Sulzer AG
• Toyo Denki Industrial Co. Ltd.
• Tsurumi Manufacturing Co., Ltd.
• Wier Group
• WILO SE
• WPIL Limited
• Xylem Inc.

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