Centrifugal Pump Market Size

Centrifugal Pump Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

In the centrifugal pump market, the total market value in 2024 is estimated to be $11.1 billion and is expected to reach $15.4 billion in 2035. This growth is at a CAGR of 3.0% from 2025 to 2035. This is due to a number of factors, including the increasing demand for water management, the increasing industrialization, and the growing demand for energy-saving pumping solutions in various industries such as oil and gas, water and sewage treatment, and chemicals. Also, the centrifugal pump is driven by the development of pump design and materials. The development of smart pumps with IoT functions can improve the efficiency of pumping and predict pump failures, thus reducing the cost of pumping. The major centrifugal pump manufacturers include Grundfos, KSB SE & Co. KGaA, and Flowserve. In order to strengthen their market positions, they are actively launching new products and entering into strategic cooperation. The recent research and development of centrifugal pumps, which are more sustainable and energy-saving, reflects the industry's determination to meet the needs of the market and meet the requirements of the government.

Regional Market Size

Regional Deep Dive

The centrifugal pump market is characterized by a diverse set of dynamics, based on the growth of industry, the development of infrastructure and the advancement of technology. In North America, the market is driven by a strong manufacturing base and the rising number of water and waste treatment facilities. In Europe, a robust regulatory framework promotes energy efficiency and sustainability, while the Asia-Pacific region is characterized by rapid urbanization and industrialization, which is reflected in a strong demand for centrifugal pumps. The Middle East and Africa (MEA) region is characterized by a strong uptake in the oil and gas exploration sector, while Latin America is slowly gaining momentum, driven by the growing number of projects in the area of agriculture and water management.

North America

• The EPA is pushing for stricter water quality regulations, which are driving centrifugal pump sales in water treatment applications.
• The Flowserve corporation and Xylem, Inc. are putting their money into newer technology, such as smart pumps, which are more efficient and less energy-consuming.
• The increased demand for centrifugal pumps for shale gas extraction has meant that they are increasingly used in hydraulic fracturing.

Europe

• The Green Deal, which the European Union has imposed on the Member States, is bringing about a great increase in the demand for energy-saving centrifugal pumps in various industries.
• Major companies like KSB and Grundfos are developing pumps with Internet of Things features that will enable remote monitoring and the possibility of anticipatory maintenance.
• Regulations relating to emissions and energy consumption are forcing manufacturers to develop new products and to adapt their ranges to stricter requirements.

Asia-Pacific

• India and China are undergoing rapid urbanization, and with it comes the need for substantial investment in the public works, particularly in the water supply and sewage disposal systems. This is giving a boost to the centrifugal pump market.
• The Government of India has taken several steps to bring this about, and has launched programmes such as the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and the Swachh Bharat Mission.
• Local manufacturers are increasingly collaborating with international companies in order to meet the growing demand for high-performance pumps.

MEA

• The centrifugal pump is a very important component of the drilling equipment market in the Middle East, with companies such as Schlumberger and Baker Hughes investing in advanced pumping systems.
• The UAE’s Vision 2021 aims to ensure water security, which will lead to an increase in investment in water treatment plants and in water supply and distribution systems, thus boosting the centrifugal pump market.
• The laws are evolving to favour the energy-efficient pumping of water.

Latin America

• In Brazil, the agricultural sector is adopting more and more centrifugal pumps for irrigation, thanks to government programs aimed at increasing food production and water management.
• Despite the recent increase in the number of public-private partnership (PPP) projects in the region, the growth of these projects is not expected to offer new opportunities for centrifugal pump manufacturers.
• Regulations for water supply are encouraging investments in new pumping systems to deal with water shortages.

Did You Know?

“It is a fact that centrifugal pumps are responsible for the conveyance of 80% of the fluids used in industrial processes, a fact which demonstrates the importance of this industry.” — International Pump Manufacturers Association (IPMA)

Segmental Market Size

The centrifugal pump market is growing steadily, driven by a growing demand for centrifugal pumps in industries such as water treatment, oil and gas, and chemicals. This is due to the growing need for efficient fluid transfer and the stricter regulatory framework aimed at reducing energy consumption and emissions. Also, the improved performance and reliability of centrifugal pumps due to new designs and materials are boosting the market.

In the market for centrifugal pumps, Grundfos and KSB are two leading companies that are able to offer innovations in their own right. Their products are used primarily in water supply, irrigation and industry, where they are needed to operate with high efficiency and high reliability. The trend towards sustainable production and digitalization of the industry is driving the growth, as companies seek to optimize their operations and minimize their impact on the environment. The use of new materials and Internet of Things-based monitoring systems is shaping the development of this market, and centrifugal pumps are thus ensuring their place in the industry of the future.

Future Outlook

In the meanwhile, the centrifugal pump market will have a steady growth from 2024 to 2035, the market value will rise from $11.13 billion to $15.4 billion, indicating a compound annual growth rate of 3.0 %. The growth is driven by the rising demand for efficient fluid handling solutions in various industries, such as water and sewage treatment, oil and gas, and chemical industry. As industries pay more attention to the issue of energy conservation, centrifugal pumps are expected to be widely used due to their high efficiency and lower energy consumption.

The key technological advancements, such as the integration of IoT and smart technology, will drive the evolution of the market. Real-time monitoring and preventive maintenance of the equipment will be able to significantly increase the availability of the equipment and reduce downtime. The demand for energy-efficient pumping solutions is also expected to increase with the implementation of stricter environmental regulations and policies. Further, the automation and digitalization of industrial processes will also be a key trend in the market.