Centrifugal Pump Market Overview, Dynamics, Trends, Segmentation, Key Players, Application and Forecast to 2025

The global centrifugal pump market grew at a CAGR of around 4% during 2014-2019. A centrifugal pump refers to a mechanical system built to raise the fluid pressure during transportation. It helps in converting rotational kinetic energy to hydrodynamic energy, thereby allowing fluid acceleration. These pumps have consistent delivery, easy operation, vertical or horizontal installation, high-speed movement, and low maintenance requisites. Owing to these benefits, centrifugal pumps are used for different fluids, including chemicals, oil, resins, water, wastewater, sludge, bleaches, and other liquids.

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Rapid industrialization, along with surging demand for centrifugal pumps in the wastewater treatment industry, is catalyzing the market growth. Additionally, the high replacement rate of existing industrial pumps in the pharmaceutical and F&B sectors is also a demand-inducing factor. Furthermore, the increasing adoption of centrifugal pumps in the oil and gas industry for several exploration activities is also propelling the global market. Moreover, the market is also driven by various technological innovations, including 3D printed impellers, modeling software, etc., that lead to better product performance. In the coming years, the growing popularity of energy-efficient centrifugal pumps and increasing expenditures on industrial desalination are expected to foster the centrifugal pump market.

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Breakup by Impeller Type:

Overhung Impeller
Vertically Suspended
Between Bearing

Breakup by Stage:

Single Stage Pump
Two Stage Pump
Multi-Stage Pump

Breakup by Flow Type:

Axial Flow Pumps
Radial Flow Pumps
Mixed Flow Pumps

Breakup by Capacity:

Small Capacity
Medium Capacity
High Capacity

Breakup by End-User:

Chemicals
Oil and Gas
Power Generation
Construction
Pharmaceuticals
Food and Beverages
Metals and Mining
Water and Wastewater
Others
Breakup by Region:

North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Baker Hughes (A GE Company), Circor International Inc., Ebara Corporation, Flowserve, Grundfos Holding, ITT Corporation, Pentair Inc., Someflu, Tsurumi Manufacturing Co. Ltd., Weir, Wilo SE, Xylem Inc., etc.

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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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