
Global Centrifugal Pump Market Size, Trends, By Stage (Single-stage Pumps and Multi-stage Pumps), By Impeller Type (Open, Partially Open, and Enclosed), By End User (Oil and Gas, Power Generation, and Other End Users), By Region (North America, Latin Amer
Description
Global Centrifugal Pump Market Size, Trends, By Stage (Single-stage Pumps and Multi-stage Pumps), By Impeller Type (Open, Partially Open, and Enclosed), By End User (Oil and Gas, Power Generation, and Other End Users), By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa): Growth Opportunity Analysis and Industry Forecast, 2023-2030.
Global Centrifugal Pump Market
The Global Centrifugal Pump Market was valued at USD 37.1 billion in 2022 and is expected to expand to USD 55.2 billion by 2030, at a CAGR of 3.90% during the forecast period 2023-2030.
A centrifugal pump is a mechanized device that is developed to move fluid using the conveyance of rotational energy from one or more driven rotors, called impellers. Fluid enters the speedy rotating impeller with its axis and is cast out by centrifugal force along its perimeter through the impeller's vane tips.
Centrifugal pumps are hydraulically operated machines that are characterized by their ability to transmit energy to fluids through the work of a field of centrifugal forces. Its main purpose is to transfer fluids through an increase in pressure.
Market Drivers
The advanced technology and developments that have rendered the ultra-deep-water & deep-water explorations are expected to increase oil production, and the rising residential & commercial construction activities boost the market growth and provide growth opportunities for the market.
Furthermore, technical improvements, such as the creation of 3D-printed impellers, the usage of modeling software, and the rising adoption of pumps in several applications are expected to boost the pump’s demand.
Market Restraints
The cavitation effect and dry-run failures in centrifugal pumps restrain the global centrifugal pump market. Also, low-cost products and a low rate of replacement offered by manufacturers are expected to hinder market growth.
Market Segmentation
The global centrifugal pump market is segmented into stage (single-stage pumps and multi-stage pumps), impeller type (open, partially open, and enclosed), and end-user (oil and gas, power generation, and other end users).
Regional Analysis
The global centrifugal pump market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Asia-Pacific region is expected to be the largest market and fastest-growing region during the forecast period 2030, due to huge economic growth that has resulted in the development of industrial infrastructure. Further, due to the low cost of raw materials & labor, the region has attracted investors to build up manufacturing plants.
Key Players
Various key players are discussed in the global centrifugal pump market report including; Grundfos, Xylem, Flowserve, ITT Corporation, CIRCOR International, Baker Hughes, Gardner Denver, Ebara Corporation, Kirloskar Brothers Limited, Tsurumi Manufacturing, and Others.
For instance, in April 2020, Atlas Copco launched a centrifugal pump range, named ‘WEDA S50’. The WEDA S range was designed for soft, thick, wet mud & other similar mixtures. These centrifugal pumps were ideally suited for construction dewatering, refining applications, and industrial end users.
Market Taxonomy
By Stage
· What are the Key Opportunities in the Global Centrifugal Pump Market?
· What will be the growth rate from 2023 to 2030?
· Which segment/region will have the highest growth?
· What are the factors that will impact/drive the Market?
· What is the role of key players in the value chain?
Global Centrifugal Pump Market
The Global Centrifugal Pump Market was valued at USD 37.1 billion in 2022 and is expected to expand to USD 55.2 billion by 2030, at a CAGR of 3.90% during the forecast period 2023-2030.
A centrifugal pump is a mechanized device that is developed to move fluid using the conveyance of rotational energy from one or more driven rotors, called impellers. Fluid enters the speedy rotating impeller with its axis and is cast out by centrifugal force along its perimeter through the impeller's vane tips.
Centrifugal pumps are hydraulically operated machines that are characterized by their ability to transmit energy to fluids through the work of a field of centrifugal forces. Its main purpose is to transfer fluids through an increase in pressure.
Market Drivers
The advanced technology and developments that have rendered the ultra-deep-water & deep-water explorations are expected to increase oil production, and the rising residential & commercial construction activities boost the market growth and provide growth opportunities for the market.
Furthermore, technical improvements, such as the creation of 3D-printed impellers, the usage of modeling software, and the rising adoption of pumps in several applications are expected to boost the pump’s demand.
Market Restraints
The cavitation effect and dry-run failures in centrifugal pumps restrain the global centrifugal pump market. Also, low-cost products and a low rate of replacement offered by manufacturers are expected to hinder market growth.
Market Segmentation
The global centrifugal pump market is segmented into stage (single-stage pumps and multi-stage pumps), impeller type (open, partially open, and enclosed), and end-user (oil and gas, power generation, and other end users).
Regional Analysis
The global centrifugal pump market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The Asia-Pacific region is expected to be the largest market and fastest-growing region during the forecast period 2030, due to huge economic growth that has resulted in the development of industrial infrastructure. Further, due to the low cost of raw materials & labor, the region has attracted investors to build up manufacturing plants.
Key Players
Various key players are discussed in the global centrifugal pump market report including; Grundfos, Xylem, Flowserve, ITT Corporation, CIRCOR International, Baker Hughes, Gardner Denver, Ebara Corporation, Kirloskar Brothers Limited, Tsurumi Manufacturing, and Others.
For instance, in April 2020, Atlas Copco launched a centrifugal pump range, named ‘WEDA S50’. The WEDA S range was designed for soft, thick, wet mud & other similar mixtures. These centrifugal pumps were ideally suited for construction dewatering, refining applications, and industrial end users.
Market Taxonomy
By Stage
- Single-stage Pumps
- Multi-stage Pumps
- Open
- Partially Open
- Enclosed
- Oil and Gas
- Power Generation
- Other End Users
- North America
- U.S.
- Canada
- Mexico
- Latin America
- Brazil
- Argentina
- Colombia
- Peru
- Chile
- Venezuela
- Rest of Latin America
- Europe
- Germany
- France
- UK
- Russia
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- New Zealand
- Singapore
- Malaysia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Tanzania
- Rest of The Middle East & Africa
· What are the Key Opportunities in the Global Centrifugal Pump Market?
· What will be the growth rate from 2023 to 2030?
· Which segment/region will have the highest growth?
· What are the factors that will impact/drive the Market?
· What is the role of key players in the value chain?
Table of Contents
227 Pages
- 1 Introduction
- 1.1 Objective of the Study
- 1.2 Market Definition
- 1.3 Market Scope
- 2 Research Methodology
- 2.1 Data Mining
- 2.2 Validation
- 2.3 Primary Interviews
- 2.4 List of Data Sources
- 3 Executive Summary
- 4 Global Centrifugal Pump Market Outlook
- 4.1 Overview
- 4.2 Market Dynamics
- 4.2.1 Drivers
- 4.2.2 Restraints
- 4.2.3 Opportunities
- 4.2.4 Cumulative Impact Due To Recent Energy Crisis
- 4.2.5 Cumulative Impact Due To Nearing Economic Downturn
- 4.2.6 Post-Covid-19 World Supply and Demand Conditions
- 4.2.7 Cumulative Impact of Russia-Ukraine Conflict
- 4.3 Porters Five Force Model
- 4.4 Value Chain Analysis
- 5 Global Centrifugal Pump Market, By Stage
- 5.1 Y-o-Y Growth Comparison, By Stage
- 5.2 Global Centrifugal Pump Market Share Analysis, By Stage
- 5.3 Global Centrifugal Pump Market Size and Forecast, By Stage
- 5.3.1 Single-stage Pumps
- 5.3.2 Multi-stage Pumps
- 6 Global Centrifugal Pump Market, By Impeller Type
- 6.1 Y-o-Y Growth Comparison, By Impeller Type
- 6.2 Global Centrifugal Pump Market Share Analysis, By Impeller Type
- 6.3 Global Centrifugal Pump Market Size and Forecast, By Impeller Type
- 6.3.1 Open
- 6.3.2 Partially Open
- 6.3.3 Enclosed
- 7 Global Centrifugal Pump Market, By End User
- 7.1 Y-o-Y Growth Comparison, By End User
- 7.2 Global Centrifugal Pump Market Share Analysis, By End User
- 7.3 Global Centrifugal Pump Market Size and Forecast, By End User
- 7.3.1 Oil and Gas
- 7.3.2 Power Generation
- 7.3.3 Other End Users
- 8 Global Centrifugal Pump Market, By Region
- 8.1 Global Centrifugal Pump Market Share Analysis, By Region
- 8.2 Global Centrifugal Pump Market Share Analysis, By Region
- 8.3 Global Centrifugal Pump Market Size and Forecast, By Region
- 9 North America Centrifugal Pump Market Analysis and Forecast (2023-2030)
- 9.1 Introduction
- 9.2 North America Centrifugal Pump Market Share Analysis, By Stage
- 9.3 North America Centrifugal Pump Market Share Analysis, By Impeller Type
- 9.4 North America Centrifugal Pump Market Share Analysis, By End User
- 9.5 North America Centrifugal Pump Market Size and Forecast, By Country
- 9.5.1 U.S
- 9.5.1.1 Market Size and Forecast, By Stage
- 9.5.1.2 Market Size and Forecast, By Impeller Type
- 9.5.1.3 Market Size and Forecast, By End User
- 9.5.2 Canada
- 9.5.2.1 Market Size and Forecast, By Stage
- 9.5.2.2 Market Size and Forecast, By Impeller Type
- 9.5.2.3 Market Size and Forecast, By End User
- 9.5.3 Mexico
- 9.5.3.1 Market Size and Forecast, By Stage
- 9.5.3.2 Market Size and Forecast, By Impeller Type
- 9.5.3.3 Market Size and Forecast, By End User
- 10 Europe Centrifugal Pump Market Analysis and Forecast (2023-2030)
- 10.1 Introduction
- 10.2 Europe Centrifugal Pump Market Share Analysis, By Stage
- 10.3 Europe Centrifugal Pump Market Size and Forecast, By Impeller Type
- 10.4 Europe Centrifugal Pump Market Size and Forecast, By End User
- 10.5 Europe Centrifugal Pump Market Size and Forecast, By Country
- 10.5.1 Germany
- 10.5.1.1 Market Size and Forecast, By Stage
- 10.5.1.2 Market Size and Forecast, By Impeller Type
- 10.5.1.3 Market Size and Forecast, By End User
- 10.5.2 France
- 10.5.2.1 Market Size and Forecast, By Stage
- 10.5.2.2 Market Size and Forecast, By Impeller Type
- 10.5.2.3 Market Size and Forecast, By End User
- 10.5.3 UK
- 10.5.3.1 Market Size and Forecast, By Stage
- 10.5.3.2 Market Size and Forecast, By Impeller Type
- 10.5.3.3 Market Size and Forecast, By End User
- 10.5.4 Russia
- 10.5.4.1 Market Size and Forecast, By Stage
- 10.5.4.2 Market Size and Forecast, By Impeller Type
- 10.5.4.3 Market Size and Forecast, By End User
- 10.5.5 Italy
- 10.5.5.1 Market Size and Forecast, By Stage
- 10.5.5.2 Market Size and Forecast, By Impeller Type
- 10.5.5.3 Market Size and Forecast, By End User
- 10.5.6 Spain
- 10.5.6.1 Market Size and Forecast, By Stage
- 10.5.6.2 Market Size and Forecast, By Impeller Type
- 10.5.6.3 Market Size and Forecast, By End User
- 10.5.7 Rest of Europe
- 10.5.7.1 Market Size and Forecast, By Stage
- 10.5.7.2 Market Size and Forecast, By Impeller Type
- 10.5.7.3 Market Size and Forecast, By End User
- 11 Asia Pacific Centrifugal Pump Market Analysis and Forecast (2023-2030)
- 11.1 Introduction
- 11.2 Asia Pacific Centrifugal Pump Market Share Analysis, By Stage
- 11.3 Asia Pacific Centrifugal Pump Market Size and Forecast, By Impeller Type
- 11.4 Asia Pacific Centrifugal Pump Market Size and Forecast, By End User
- 11.5 Asia Pacific Centrifugal Pump Market Size and Forecast, By Country
- 11.5.1 China
- 11.5.1.1 Market Size and Forecast, By Stage
- 11.5.1.2 Market Size and Forecast, By Impeller Type
- 11.5.1.3 Market Size and Forecast, By End User
- 11.5.2 Japan
- 11.5.2.1 Market Size and Forecast, By Stage
- 11.5.2.2 Market Size and Forecast, By Impeller Type
- 11.5.2.3 Market Size and Forecast, By End User
- 11.5.3 India
- 11.5.3.1 Market Size and Forecast, By Stage
- 11.5.3.2 Market Size and Forecast, By Impeller Type
- 11.5.3.3 Market Size and Forecast, By End User
- 11.5.4 South Korea
- 11.5.4.1 Market Size and Forecast, By Stage
- 11.5.4.2 Market Size and Forecast, By Impeller Type
- 11.5.4.3 Market Size and Forecast, By End User
- 11.5.5 Australia
- 11.5.5.1 Market Size and Forecast, By Stage
- 11.5.5.2 Market Size and Forecast, By Impeller Type
- 11.5.5.3 Market Size and Forecast, By End User
- 11.5.6 New Zealand
- 11.5.6.1 Market Size and Forecast, By Stage
- 11.5.6.2 Market Size and Forecast, By Impeller Type
- 11.5.6.3 Market Size and Forecast, By End User
- 11.5.7 Singapore
- 11.5.7.1 Market Size and Forecast, By Stage
- 11.5.7.2 Market Size and Forecast, By Impeller Type
- 11.5.7.3 Market Size and Forecast, By End User
- 11.5.8 Malaysia
- 11.5.8.1 Market Size and Forecast, By Stage
- 11.5.8.2 Market Size and Forecast, By Impeller Type
- 11.5.8.3 Market Size and Forecast, By End User
- 11.5.9. Rest of Asia Pacific
- 11.5.9.1 Market Size and Forecast, By Stage
- 11.5.9.2 Market Size and Forecast, By Impeller Type
- 11.5.9.3 Market Size and Forecast, By End User
- 12 Latin America Centrifugal Pump Market Analysis and Forecast (2023-2030)
- 12.1 Introduction
- 12.2 Latin America Centrifugal Pump Market Share Analysis, By Stage
- 12.3 Latin America Centrifugal Pump Market Share Analysis, By Impeller Type
- 12.4 Latin America Centrifugal Pump Market Share Analysis, By End User
- 12.5 Latin America Centrifugal Pump Market Size and Forecast, By Country
- 12.5.1. Brazil
- 12.5.1.1 Market Size and Forecast, By Stage
- 12.5.1.2 Market Size and Forecast, By Impeller Type
- 12.5.1.3 Market Size and Forecast, By End User
- 12.5.2 Argentina
- 12.5.2.1 Market Size and Forecast, By Stage
- 12.5.2.2 Market Size and Forecast, By Impeller Type
- 12.5.2.3 Market Size and Forecast, By End User
- 12.5.3 Colombia
- 12.5.3.1 Market Size and Forecast, By Stage
- 12.5.3.2 Market Size and Forecast, By Impeller Type
- 12.5.3.3 Market Size and Forecast, By End User
- 12.5.4 Peru
- 12.5.4.1 Market Size and Forecast, By Stage
- 12.5.4.2 Market Size and Forecast, By Impeller Type
- 12.5.4.3 Market Size and Forecast, By End User
- 12.5.5 Chile
- 12.5.5.1 Market Size and Forecast, By Stage
- 12.5.5.2 Market Size and Forecast, By Impeller Type
- 12.5.5.3 Market Size and Forecast, By End User
- 12.5.6 Venezuela
- 12.5.6.1 Market Size and Forecast, By Stage
- 12.5.6.2 Market Size and Forecast, By Impeller Type
- 12.5.6.3 Market Size and Forecast, By End User
- 12.5.7 Rest of Latin America
- 12.5.7.1 Market Size and Forecast, By Stage
- 12.5.7.2 Market Size and Forecast, By Impeller Type
- 12.5.7.3 Market Size and Forecast, By End User
- 13 Middle East Centrifugal Pump Market Analysis and Forecast (2023-2030)
- 13.1 Introduction
- 13.2 Middle East Centrifugal Pump Market Share Analysis, By Stage
- 13.3 Middle East Centrifugal Pump Market Size and Forecast, By Impeller Type
- 13.4 Middle East Centrifugal Pump Market Size and Forecast, By End User
- 13.5 Middle East Centrifugal Pump Market Size and Forecast, By Country
- 13.5.1 Saudi Arabia
- 13.5.1.1 Market Size and Forecast, By Stage
- 13.5.1.2 Market Size and Forecast, By Impeller Type
- 13.5.1.3 Market Size and Forecast, By End User
- 13.5.2 UAE
- 13.5.2.1 Market Size and Forecast, By Stage
- 13.5.2.2 Market Size and Forecast, By Impeller Type
- 13.5.2.3 Market Size and Forecast, By End User
- 13.5.3 Egypt
- 13.5.3.1 Market Size and Forecast, By Stage
- 13.5.3.2 Market Size and Forecast, By Impeller Type
- 13.5.3.3 Market Size and Forecast, By End User
- 13.5.4 Kuwait
- 13.5.4.1 Market Size and Forecast, By Stage
- 13.5.4.2 Market Size and Forecast, By Impeller Type
- 13.5.4.3 Market Size and Forecast, By End User
- 13.5.5 South Africa
- 13.5.5.1 Market Size and Forecast, By Stage
- 13.5.5.2 Market Size and Forecast, By Impeller Type
- 13.5.5.3 Market Size and Forecast, By End User
- 13.5.6 Tanzania
- 13.5.6.1 Market Size and Forecast, By Stage
- 13.5.6.2 Market Size and Forecast, By Impeller Type
- 13.5.6.3 Market Size and Forecast, By End User
- 13.5.7 Rest of Middle East & Africa
- 13.5.7.1 Market Size and Forecast, By Stage
- 13.5.7.2 Market Size and Forecast, By Impeller Type
- 13.5.7.3 Market Size and Forecast, By End User
- 14 Competitive Analysis
- 14.1 Competition Dashboard
- 14.2 Market Share Analysis of Top Vendors
- 14.3 Key Development Strategies
- 15 Company Profiles
- 15.1 Grundfos
- 15.1.1 Overview
- 15.1.2 Offerings
- 15.1.3 Key Financials
- 15.1.4 Business Segment & Geographic Overview
- 15.1.5 Key Market Developments
- 15.1.6 Key Strategies
- 15.2 Xylem
- 15.2.1 Overview
- 15.2.2 Offerings
- 15.2.3 Key Financials
- 15.2.4 Business Segment & Geographic Overview
- 15.2.5 Key Market Developments
- 15.2.6 Key Strategies
- 15.3 Flowserve
- 15.3.1 Overview
- 15.3.2 Offerings
- 15.3.3 Key Financials
- 15.3.4 Business Segment & Geographic Overview
- 15.3.5 Key Market Developments
- 15.3.6 Key Strategies
- 15.4 ITT Corporation
- 15.4.1 Overview
- 15.4.2 Offerings
- 15.4.3 Key Financials
- 15.4.4 Business Segment & Geographic Overview
- 15.4.5 Key Market Developments
- 15.4.6 Key Strategies
- 15.5 CIRCOR International
- 15.5.1 Overview
- 15.5.2 Offerings
- 15.5.3 Key Financials
- 15.5.4 Business Segment & Geographic Overview
- 15.5.5 Key Market Developments
- 15.5.6 Key Strategies
- 15.6 Baker Hughes
- 15.6.1 Overview
- 15.6.2 Offerings
- 15.6.3 Key Financials
- 15.6.4 Business Segment & Geographic Overview
- 15.6.5 Key Market Developments
- 15.6.6 Key Strategies
- 15.7 Gardner Denver
- 15.7.1 Overview
- 15.7.2 Offerings
- 15.7.3 Key Financials
- 15.7.4 Business Segment & Geographic Overview
- 15.7.5 Key Market Developments
- 15.7.6 Key Strategies
- 15.8 Ebara Corporation
- 15.8.1 Overview
- 15.8.2 Offerings
- 15.8.3 Key Financials
- 15.8.4 Business Segment & Geographic Overview
- 15.8.5 Key Market Developments
- 15.8.6 Key Strategies
- 15.9 Kirloskar Brothers Limited
- 15.9.1 Overview
- 15.9.2 Offerings
- 15.9.3 Key Financials
- 15.9.4 Business Segment & Geographic Overview
- 15.9.5 Key Market Developments
- 15.9.6 Key Strategies
- 15.10 Tsurumi Manufacturing
- 15.10.1 Overview
- 15.10.2 Offerings
- 15.10.3 Key Financials
- 15.10.4 Business Segment & Geographic Overview
- 15.10.5 Key Market Developments
- 15.10.6 Key Strategies
Pricing
Currency Rates
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