Global Centrifugal Pump Market Overview:
As per MRFR analysis, the Centrifugal Pump Market Size was estimated at 10.8 (USD Billion) in 2023.The Centrifugal Pump Market Industry is expected to grow from 11.13(USD Billion) in 2024 to 15.4 (USD Billion) by 2035. The Centrifugal Pump Market CAGR (growth rate) is expected to be around 3.0% during the forecast period (2025 - 2035).
Key Centrifugal Pump Market Trends Highlighted
Various elements are driving notable trends in the Centrifugal Pump Market. Particularly as governments give infrastructure upgrades and environmental sustainability a top priority, the consistent expansion of the water and wastewater management industry is a key market driver. This has resulted in more investments in facilities using centrifugal pumps, which are very vital for efficient water treatment and distribution procedures. Furthermore, since businesses depend on effective fluid transfer solutions to sustain their operations, industrialization and urbanization in many areas increase demand for centrifugal pumps.
Technological developments enabling more energy efficiency and dependability in pump designs are among the possibilities to be investigated. Smart technologies' integration, including IoT-enabled pumps, is drawing more attention as it provides improved monitoring and control features, which appeal to companies striving for operational efficiency and cost savings. Moreover, the growing need for renewable energy sources encourages the investigation of centrifugal pumps in many uses, complementing world sustainability objectives. Recent developments also draw attention to a change in the centrifugal pump industry toward tailored solutions. Customers are increasingly looking for particular designs customized for specific uses in sectors such as chemical processing, oil and gas, and food and beverage.
Manufacturers of this demand have to be nimble and creative with their product offers. Another significant trend is the increasing focus on sustainability, which drives companies to create eco-friendly goods that lower carbon footprints and energy use in line with world environmental rules and criteria. Driven by the interaction of these market drivers and possibilities found in many industries, the Centrifugal Pump Market is generally set for expansion.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Centrifugal Pump Market Drivers
Growing Demand in Water and Wastewater Management
The rising need for effective water and wastewater management systems globally is driving the Centrifugal Pump Market Industry. By 2025, the United Nations projects that two-thirds of the world's population might be under water-stressed circumstances. Therefore, sophisticated pumping systems will be required for effective water delivery and treatment. Long-standing groups such as the American Water Works Association (AWWA) underline the necessity of modernized infrastructure and technology to handle the growing requirement for clean water.
Investments in centrifugal pump technology are being driven by this increasing worry about water shortages and the need for efficient wastewater treatment. As cities and businesses strive to improve their systems for greater efficiency, dependability, and environmental compliance, the drive for sustainable practices and following regulatory regulations fosters creativity and market expansion. The International Water Association (IWA) estimates that over the next decade, expenditures in water infrastructure will surpass USD 1 trillion worldwide, hence directly helping the centrifugal pump sector since these pumps are vital parts of water treatment and delivery systems.
Expansion of Industrial Activities
The ongoing growth of industrial activity is another crucial factor for the Centrifugal Pump Market. The United Nations Industrial Development Organization (UNIDO) reports that global industrial output rises by 6% per year, fueling the need for industrial pumps in manufacturing, chemicals, oil and gas, and other industries. To improve pump technology, businesses such as Siemens and General Electric spend significantly on Research and Development (R), hence supporting market expansion.
Efficient pumping solutions to manage different fluids and processes become more in demand as sectors grow and diversify, driving the increased use of centrifugal pumps for a range of applications, including liquid transportation and process flow control in industrial environments.
Technological Developments in Pumping Solutions
The Centrifugal Pump Market Industry is being notably affected by continuous technical developments in centrifugal pump design and production techniques. Smart pump systems and variable frequency drives (VFD) are two innovations that help to enable more efficient energy use. Upgrading to high-efficiency pumps, the U.S. Department of Energy (DOE) points out, may save energy use by as much as 30%. Major companies like Flowserve and KSB are always involved in Research & Development to provide high-performance, long-lasting, energy-efficient pumps.
Including IoT (Internet of Things) technology and smart monitoring systems in pump operations increases operational efficiency and lowers downtime, hence drawing additional investments and market interest. Supporting Environmental Regulations
A growing focus on environmental rules and sustainable practices is driving ahead the Centrifugal Pump Market Industry. Governments worldwide are enacting tougher rules to promote the adoption of efficient technology and cut energy usage and greenhouse gas emissions. The European Union's Ecodesign Directive encourages the use of energy-efficient pumps by means of performance standards manufacturers must satisfy, hence pushing businesses toward contemporary centrifugal pump solutions.
The need for creative pumping solutions that maximize efficiency and reduce environmental impact is growing as businesses try to follow these rules. This regulatory backing is essential for driving the centrifugal pump market's expansion worldwide.
Centrifugal Pump Market Segment Insights:
Centrifugal Pump Market Application Insights
The Centrifugal Pump Market showcases significant diversity in its Application segment, driven by critical needs across various sectors. As of 2024, the market is projected to generate 11.13 USD Billion, indicating a robust growth trajectory that will extend into 2035 with an anticipated market valuation of 15.4 USD Billion.
The Application segment specifically sheds light on several key areas: Water Supply, Water and Wastewater Treatment, Industrial Processing, Chemical Processing, and Agriculture. Water Supply is a significant contributor within the Centrifugal Pump Market, expected to be valued at 3.9 USD Billion in 2024 and rising to 5.3 USD Billion by 2035.This segment dominates due to the increasing demand for freshwater resources, particularly in densely populated urban areas, where reliable water access is paramount for households and industries alike. Following closely is the Wastewater Treatment segment, valued at 2.3 USD Billion in 2024 and projected to reach 3.1 USD Billion in 2035.
This sector is crucial as municipalities and industries face increasing regulatory pressure to manage and treat wastewater efficiently, ensuring environmental preservation and resource recovery. Industrial Processing, with a valuation of 2.8 USD Billion in 2024 and 3.9 USD Billion by 2035, also plays a major role in the sector, as various industries rely on centrifugal pumps for their operations, thereby driving the need for efficient pumping solutions.The Chemical Processing segment holds a value of 1.9 USD Billion in 2024, expecting to grow to 2.6 USD Billion by 2035. This area is vital for safe and effective transport of hazardous and non-hazardous chemicals, making precision and durability of pumps critical. Lastly, the Agriculture segment, though smaller, valued at 0.23 USD Billion in 2024 and 0.4 USD Billion in 2035, is becoming increasingly significant due to the growing demand for irrigation solutions amid global food security concerns.
The Centrifugal Pump Market data suggests that these segments collectively contribute to a diverse portfolio driven by technological advancements, regulatory compliance, and environmental sustainability.The overall market growth is supported by the increasing adoption of centrifugal pumps in these applications, indicating a strong future ahead for the industry.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Centrifugal Pump Market End Use Industry Insights
The Centrifugal Pump Market, particularly driven by its End Use Industry segment, plays a crucial role in diverse sectors including Oil and Gas, Water and Wastewater, Chemical, Power Generation, and Food and Beverage. In 2024, the market is expected to achieve a value of 11.13 billion USD, reflecting the escalating demand for efficient fluid handling systems across various industries.
The Oil and Gas sector is significant, where centrifugal pumps are essential for transporting crude oil and natural gas, while the Water and Wastewater segment focuses on infrastructure improvements, highlighting the importance of reliable pumps for safe water supply and waste management.The Chemical industry relies heavily on these pumps for process efficiency, typically dealing with corrosive materials, while Power Generation utilizes them for cooling and boiler feed. Similarly, the Food and Beverage sector requires strict hygiene standards, making centrifugal pumps vital for maintaining safety.
Overall, the Centrifugal Pump Market segmentation reveals critical insights into how these industries leverage advanced pumping solutions for operational efficiency, driving market growth and responsiveness to global demands. Rising infrastructure needs, environmental regulations, and technological advancements present both challenges and opportunities, reinforcing the strategic importance of this market.
Centrifugal Pump Market Pump Type Insights
The Centrifugal Pump Market is increasingly becoming important, with a projected valuation of 11.13 USD Billion in 2024. The market is influenced by various pump types, which cater to different applications and needs across industries. Key among these are Single Stage, Multi-Stage, Vertical, Horizontal, and Submersible pumps. Single Stage pumps are widely used due to their simplicity and efficiency for low-pressure applications, making them an accessible choice for many sectors. Multi-Stage pumps, on the other hand, excel in high-pressure applications, providing significant performance in water supply and irrigation systems, which is crucial for agricultural growth.
Vertical pumps are favored in industries with limited space while Horizontal pumps are typically used in industrial settings where orientation flexibility matters significantly. Finally, Submersible pumps are essential in wastewater management and mining, as they can operate while submerged, providing robust solutions. The anticipated market growth is driven by rising industrialization and the increasing need for effective fluid management. The Centrifugal Pump Market revenue reflects these trends, with notable shifts towards energy efficiency and environmental sustainability in pump design and operation.
Centrifugal Pump Market Material Insights
The Centrifugal Pump Market segmented by Material reflects a strong alignment with industrial needs and applications. In 2024, the overall market valuation is expected to reach 11.13 USD Billion, with a projected growth that underscores the increase in demand for efficient pumping solutions. The materials used in centrifugal pumps, including Stainless Steel, Cast Iron, Plastic, Bronze, and Others, play a crucial role in determining the pump's durability and performance. Stainless Steel is widely regarded for its strength and resistance to corrosion, making it essential in industries such as pharmaceuticals and food processing where hygiene is paramount.Cast Iron, known for its durability and cost-effectiveness, dominates sectors like water distribution and HVAC applications. Plastic variants offer significant advantages in chemical processing due to their resistance to a wide range of chemicals.
Bronze, while less common, provides excellent corrosion resistance in marine and industrial applications. The overall Centrifugal Pump Market statistics suggest that as industries expand globally, the demand for these specific materials will grow, driven by the need for efficiency and reliability in various applications.The market growth will continue to be shaped by advancements in material technologies and the increasing focus on sustainability.
Centrifugal Pump Market Regional Insights
The Centrifugal Pump Market exhibits a significant valuation and diverse growth across various regions, leading to substantial contributions to the overall market dynamics. In 2024, North America stands as the largest contributor with a valuation of 4.5 USD Billion, growing to 6.1 USD Billion by 2035, driven by advancing technology and increasing demand in industries such as oil and gas, water treatment, and agriculture.
Europe follows as a strong market, estimated at 3.2 USD Billion in 2024, reaching 4.2 USD Billion in 2035, with established manufacturing bases and strict regulatory frameworks promoting efficient pump systems.The Asia-Pacific (APAC) region, valued at 2.5 USD Billion in 2024 and projected to expand to 3.4 USD Billion by 2035, is witnessing rapid industrialization and urbanization, significantly boosting the demand for centrifugal pumps.
South America contributes a smaller share with a valuation of 0.7 USD Billion in 2024 and 1.0 USD Billion in 2035, influenced by improving infrastructure projects. Meanwhile, the Middle East and Africa (MEA) region, with a valuation of 0.2 USD Billion in 2024 expected to grow to 0.4 USD Billion by 2035, shows potential due to expanding energy sectors and the need for water management solutions.These variations highlight significant trends in the Centrifugal Pump Market revenue, with regional demand driven by industrial needs, infrastructure development, and technological advancements, presenting growth opportunities despite challenges such as fluctuating raw material prices and economic uncertainties in certain regions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Centrifugal Pump Market Key Players and Competitive Insights:
The Centrifugal Pump Market is characterized by a dynamic competitive landscape, where various manufacturers and service providers vie for market share through innovation, product diversification, and strategic partnerships. This sector is crucial for various industries, including oil and gas, water and wastewater treatment, and chemical processing, leading to heightened competition among key players. As technology evolves, companies are increasingly investing in research and development to enhance the efficiency and durability of their products, which is central to maintaining a competitive edge. Additionally, market players are focusing on expanding their geographical reach and adapting to local market needs to strengthen their positioning in the global arena.
The Weir Group stands out in the Centrifugal Pump Market due to its experience and proven expertise in pumping solutions tailored for critical applications across various sectors. With a strong emphasis on innovation, the Weir Group has developed a robust product portfolio that showcases high-performance centrifugal pumps designed for durability and efficiency. The company's strong market presence is underpinned by its commitment to delivering reliable solutions, which is supported by a dedicated focus on customer service and tailored support systems.
Their ability to adapt to evolving market trends and customer needs helps fortify their competitive advantage, allowing them to maintain a prominent position in the centrifugal pump landscape.Grundfos is another key player within the Centrifugal Pump Market, renowned for its innovative approach and comprehensive range of products designed to optimize water management and energy efficiency. The company has established a significant market presence globally, thanks to its impressive portfolio that includes high-efficiency circulator pumps, submersible pumps, and smart pump control solutions. Grundfos focuses on sustainability and technology integration, aligning with market demands for greener and smarter solutions.
Moreover, the company has actively engaged in strategic mergers and acquisitions to bolster its capabilities and broaden its market reach. By continuously enhancing its product offerings and leveraging its strong brand reputation, Grundfos remains a formidable force in the centrifugal pump sector, catering to diverse industry needs around the globe.
Key Companies in the Centrifugal Pump Market Include:
- Weir Group
- Grundfos
- BECKER
- Flowserve
- Ebara
- CIRCOR
- KSB
- Xylem
- Aussie Pump
- Emerson
- SPX Flow
- Tuthill
- H ideale
- Pentair
- Sulzer
Centrifugal Pump Market Industry Developments
Recent developments in the Centrifugal Pump Market have showcased an increasing focus on technological advancements and sustainability. Major players such as Weir Group, Grundfos, and Xylem are actively integrating smart technologies and IoT capabilities into their centrifugal pump offerings to enhance monitoring and energy efficiency. The market has experienced notable growth, driven by a surge in water and wastewater treatment applications, with the global market valuation expected to reach significant heights in the coming years. In terms of mergers and acquisitions, in June 2023, Flowserve completed its acquisition of the industrial pump division of a leading company, which is expected to bolster its market presence and product portfolio significantly.
Additionally, Ebara announced collaboration with several tech firms to develop next-generation pumps aimed at reducing carbon emissions in August 2023. Over the past few years, the market has also seen a shift towards more energy-efficient designs, with KSB and Sulzer launching innovative products catering to the growing demand for environmentally friendly solutions. As governments increasingly emphasize sustainable water management, investments continue to pour into research and development initiatives across the industry.
Centrifugal Pump Market Segmentation Insights
Centrifugal Pump Market Application Outlook
- Water Supply
- Wastewater Treatment
- Industrial Processing
- Chemical Processing
- Agriculture
Centrifugal Pump Market End Use Industry Outlook
- OilGas
- WaterWastewater
- Chemical
- Power Generation
- FoodBeverage
Centrifugal Pump Market Pump Type Outlook
- Single Stage
- Multi-Stage
- Vertical
- Horizontal
- Submersible
Centrifugal Pump Market Material Outlook
- Stainless Steel
- Cast Iron
- Plastic
- Bronze
- Others
Centrifugal Pump Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric Source: |
Details |
| MARKET SIZE 2023 |
10.8(USD Billion) |
| MARKET SIZE 2024 |
11.13(USD Billion) |
| MARKET SIZE 2035 |
15.4(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) |
3.0% (2025 - 2035) |
| REPORT COVERAGE |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR |
2024 |
| MARKET FORECAST PERIOD |
2025 - 2035 |
| HISTORICAL DATA |
2019 - 2024 |
| MARKET FORECAST UNITS |
USD Billion |
| KEY COMPANIES PROFILED |
Weir Group, Grundfos, BECKER, Flowserve, Ebara, CIRCOR, KSB, Xylem, Aussie Pump, Emerson, SPX Flow, Tuthill, H ideale, Pentair, Sulzer |
| SEGMENTS COVERED |
Application, End Use Industry, Pump Type, Material, Regional |
| KEY MARKET OPPORTUNITIES |
Growing demand in water treatment, Expansion in oil and gas sector, Increase in infrastructure development projects, Adoption of energy-efficient technologies, Rising industrial automation trends |
| KEY MARKET DYNAMICS |
Increasing industrial automation, Growing water and wastewater management, Rising demand from oil and gas, Technological advancements in pump design, Expanding HVAC applications |
| COUNTRIES COVERED |
North America, Europe, APAC, South America, MEA |
Centrifugal Pump Market Highlights:
Frequently Asked Questions (FAQ) :
The Global Centrifugal Pump Market is expected to be valued at 11.13 USD Billion in 2024.
By 2035, the market is anticipated to reach a value of 15.4 USD Billion.
The market is expected to grow at a CAGR of 3.0% from 2025 to 2035.
North America is projected to be the dominant region with a market value of 4.5 USD Billion in 2024.
The market size for wastewater treatment applications is anticipated to reach 3.1 USD Billion by 2035.
Major players include Weir Group, Grundfos, Flowserve, Ebara, and KSB, among others.
The industrial processing applications are expected to be valued at 2.8 USD Billion in 2024.
The APAC region is projected to experience significant growth, reaching a market value of 3.4 USD Billion by 2035.
Chemical processing applications are expected to be valued at 1.9 USD Billion in 2024.
The agricultural segment is projected to be valued at 0.4 USD Billion by 2035.
