Centrifugal Pump Market Report and Forecast 2025-2034

The global centrifugal pump market attained a value of nearly USD 1.16 Billion in 2024. The market is estimated to grow in the forecast period of 2025-2034 at a CAGR of 5.80% to reach D 2.04 Billion by 2034.

The Asia Pacific to Represent Significant Share in the Market for Centrifugal Pump

The Asia Pacific region is expected to witness significant growth in the centrifugal pump market due to the economic expansion in countries like China, Japan, India, South Korea, Australia, and Singapore, among others. The increasing attraction of investors for the production and manufacturing of centrifugal pumps due to the availability of raw materials, cheap labour, and strong economic case for channelling capital flows in emerging economies is also driving the market growth of the region. The surging investment in R&D activities and growing industrial activities in the region owing to the support of local governments and low manufacturing costs are further expected to fuel the market growth of centrifugal pump in the Asia Pacific region. With the increasing demand for centrifugal pump in various end-use industries and market expansion strategies by pump manufacturers in the region, the market for centrifugal pumps is expected to propel over the coming years in the region, which is likely to significantly contribute to the overall market’s expansion in the forecast period.

Market Segmentation

A centrifugal pump refers to a hydraulic machine that enables the conversion of mechanical energy into hydraulic energy using centrifugal force acting on the fluid. The main purpose of a centrifugal pump is to transfer fluids through an increase in pressure. Centrifugal pumps can have various structures, but their operating principle and fluid dynamic characteristics are constantly the same.

The market for centrifugal pump, by impeller type, is divided into:

• Overhung Impeller
• Vertically Suspended
• Between Bearing

The market can be broadly categorised on the basis of stage segments into:

• Single Stage Pump
• Two Stage Pump
• Multi-Stage Pump

Based on flow type, the market is segmented into:

• Axial Flow Pump
• Radial Flow Pump
• Mixed Flow Pump

By end-use, the market is classified into:

• Oil and Gas
• Chemicals
• Waste and Wastewater
• Metal and Mining
• Food and Beverages
• Pharmaceuticals
• Power Generation
• Construction
• Others

The report looks into the regional markets of centrifugal pump like:

• Latin America
• North America
• Europe
• Asia Pacific
• Middle East and Africa

Thriving Waste and Wastewater Segment to Propel the Market Growth of Centrifugal Pump

Based on end-user, the rise in the waste and wastewater segment is expected to bolster the growth of the centrifugal pump market during the forecast period on account of the surging investment in infrastructure development activities, coupled with the increasing development of wastewater plants. Rapid industrialisation and the rising demand for centrifugal pumps by municipalities in various applications are expected to propel the market demand for centrifugal pumps across the globe over the upcoming years. Moreover, the introduction of various favourable government initiatives to boost industrialisation, the surging product demand from the wastewater treatment industry, and the integration of IoT sensors in centrifugal pumps, are further anticipated to bolster the market growth of centrifugal pump in the forecast period.

Key Players in the Global Market for Centrifugal Pump

The report presents a detailed analysis of the following key players in the global centrifugal pump market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Ebara Corporation
• Circor International Inc.
• Schlumberger Limited.
• Sulzer Management Ltd
• Pentair plc
• Others

The comprehensive report looks into the macro and micro aspects of the market. The report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.