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Centrifugal Pumps - Global Market Trajectory & Analytics

  • ID: 4804658
  • Report
  • April 2021
  • Region: Global
  • 374 Pages
  • Global Industry Analysts, Inc
Global Centrifugal Pumps Market to Reach $37.8 Billion by 2027

Amid the COVID-19 crisis, the global market for Centrifugal Pumps estimated at US$31.9 Billion in the year 2020, is projected to reach a revised size of US$37.8 Billion by 2027, growing at a CAGR of 2.4% over the analysis period 2020-2027. Overhung Impeller, one of the segments analyzed in the report, is projected to record a 3% CAGR and reach US$17.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Vertically Suspended segment is readjusted to a revised 2.4% CAGR for the next 7-year period.



The U.S. Market is Estimated at $8.6 Billion, While China is Forecast to Grow at 4.6% CAGR

The Centrifugal Pumps market in the U.S. is estimated at US$8.6 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$7.6 Billion by the year 2027 trailing a CAGR of 4.7% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.5% and 1.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.1% CAGR.

Between Bearing Segment to Record 1.2% CAGR

In the global Between Bearing segment, USA, Canada, Japan, China and Europe will drive the 0.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$4.5 Billion in the year 2020 will reach a projected size of US$4.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.1 Billion by the year 2027, while Latin America will expand at a 1.9% CAGR through the analysis period.

Select Competitors (Total 47 Featured):
  • Baker Hughes, a GE company
  • Circor International, Inc.
  • EBARA Corporation
  • Flowserve Corporation
  • Grundfos
  • ITT Corporation
  • KSB AG
  • Pentair Plc
  • Someflu SAS
  • Sulzer Ltd.
  • The Weir Group PLC
  • WILO SE
  • Xylem, Inc.
Frequently Asked Questions about the Global Market for Centrifugal Pumps

What is the estimated value of the Global Market for Centrifugal Pumps?

The Global Market for Centrifugal Pumps was estimated to be valued at $31.9 Billion in 2020.

What is the growth rate of the Global Market for Centrifugal Pumps?

The growth rate of the Global Market for Centrifugal Pumps is 2.5%, with an estimated value of $37.8 Billion by 2027.

What is the forecasted size of the Global Market for Centrifugal Pumps?

The Global Market for Centrifugal Pumps is estimated to be worth $37.8 Billion by 2027.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • A Prelude to Centrifugal Pumps
  • Centrifugal Pumps Market to Register Rapid Growth
  • Multistage Centrifugal Pumps Grow in Popularity
  • Impact of Covid-19 and a Looming Global Recession
  • Demand from Oil and Gas Sector Spurs Market Expansion
  • Exhibit 1: Crude Oil Demand Worldwide in Million Barrels Per Day for the Years 2006 through 2019
  • Strong Demand from Water and Wastewater Treatment Plants Bodes Well for Market Expansion
  • Growth in Construction Industry to Drive Opportunities for Centrifugal Pumps Market
  • Growing Urbanization Spurs Market Demand for Centrifugal Pumps
  • Rising Infrastructure Investments in Emerging Markets to Drive Demand for Centrifugal Pumps
  • Innovation Propels Market Growth

III. MARKET ANALYSIS

IV. COMPETITION
  • Total Companies Profiled: 47
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