Centrifugal Pump Market: Research Strategies with Share Analysis, Top Key Players with Opportunities Forecast to 2027

A centrifugal pump is a mechanical device that is designed to increase the pressure of fluids during transportation. It converts the rotational kinetic energy to hydrodynamic energy, which is used for accelerating fluids, such as chemicals, water, wastewater, sludge treatment liquids, bleaches, oil, and resins. The fluid enters the pump impeller, which is placed near the rotating axis and is accelerated and moved radially into a diffuser, from where it exits.

Rising demand for centrifugal pumps is predicted by the expanding number of worldwide wastewater treatment plants. In addition, various technical developments, such as the creation of 3D printed impellers and the use of modeling software, are also contributing to growth. Moreover, rising need to replace outdated industrial pumps in the pharmaceutical and food and beverage sectors is also fueling market expansion.

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According to UnivDatos Market Insights (UMI)' research report "global Centrifugal pump", market is expected to grow at a CAGR of around 5% during the forecast period (2021-2027). Centrifugal pump caters significant market presence over the past few years and expected to have extensive market growth in the forecasted period as well. Factors, such as increasing exploration and production (E&P) activities in offshore deep-water oil and gas fields in the regions are expected to increase the demand for centrifugal pumps, as it is one of the most used pumps in the oil and gas industry for extraction, processing, and delivering applications.
In addition, rapid industrialization, along with increasing product demand from the wastewater treatment sector, is among the key factors driving the growth of the market. Furthermore, the growing need to replace existing industrial pumps in the pharmaceutical and food and beverage industries is also providing a boost to the market growth.

Based on impeller Type, the centrifugal pump market is segmented up to overhung impeller, vertically suspended and between bearing. The overhung impeller segment catered significant demand in centrifugal pump market. The growth of the segment is owing to the extensive use of overhung impellers in commercial, residential, and industrial applications. In addition, they are also used in different end-use industries for power generation owing to their low cost as compared against bearing pumps.

Based on stage, the centrifugal pump market is segmented into single stage pump and multi-stage pump. The multistage segment holds the considerable market share in centrifugal pump market. This is due to their high energy efficiency, easy installation, low internal friction losses, optimized operation and control and other features.

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Based on capacity, the centrifugal pump market is segmented into small capacity, medium capacity, high capacity. The high-capacity segment holds the considerable market share in centrifugal pump market. As centrifugal pumps are usually specified for higher flows and for pumping lower viscosity liquids. Also, centrifugal pumps are therefore suited to low pressure, high capacity, pumping applications of liquids with viscosities between 0.1 and 200 cP.

Based on end-user, the centrifugal pump market is segmented into chemicals, oil and gas, power generation, construction, pharmaceuticals, food and beverages, metals and mining, water and wastewater and others. The oil and gas segment holds the substantial market share in centrifugal pump market. It is mainly due to the surge in development of oil and gas infrastructure is expected to provide a huge thrust to the centrifugal pump market.

Asia Pacific to witness highest growth
Based on region, the report provides detail analysis for overall adoption of Centrifugal pump in major region including North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), Rest of World. Asia Pacific holds the extensive market share owing to the growing industrial activities due to low manufacturing costs and the support of the local governments. Also, increasing investments in R&D is also one of the factors driving the centrifugal pumps market in Asia Pacific.

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According to UnivDatos Market Insights (UMI)', the key players with a considerable market share in the global Centrifugal pump market are Baker Hughes, Circor International Inc., Ebara Corporation, Grundfos Holding, ITT Corporation, Pentair Inc., Someflu, Tsurumi Manufacturing Co. Ltd., Weir, Xylem Inc. Several M&A's along with partnerships have been undertaken by these players to boost their presence in different regions. For instance:

• In November 2020, Sulzer was awarded a contract from Ringkøbing-Skjern Forsyning A/S (a Danish water utility) to provide pumps for a major flood defense project in Denmark. Sulzer will supply one XFP baseload pump and three VUPX peak load pumps for the Ringkøbing pumping station, together with one XFP baseload pump and four VUPX peak load pumps for the adjacent Skælbækker station.

• In July 2019, Xylem launched a new product, Flygt N3069 stainless steel centrifugal pump. It is specifically manufactured for industrial processes containing high chloride or extreme pH levels and helps in corrosion resistance.

"Global Centrifugal pump Market" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.

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Market Segmentations:
1. By Impeller Type (Overhung Impeller, Vertically Suspended and Between Bearing)
2. By Stage (Single Stage Pump and Multi-Stage Pump)
3. By Flow Type (Axial Flow Pumps, Radial Flow Pumps, and Mixed Flow Pumps)
4. By Capacity (Small Capacity, Medium Capacity, and High Capacity)
5. By End-User (Chemicals, Oil and Gas, Power Generation, Construction, Pharmaceuticals, Food and Beverages, Metals and Mining, Water and Wastewater and Others)
6. By Region (North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)
7. By Company (Baker Hughes, Circor International Inc., Ebara Corporation, Grundfos Holding, ITT Corporation, Pentair Inc., Someflu, Tsurumi Manufacturing Co. Ltd., Weir, Xylem Inc)

Key questions answered in the study:
1. What are the current and future trends of the global Centrifugal pump industry?
2. How the industry has been evolving in terms of impeller type, stage, flow type, capacity, and end-user?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the global Centrifugal pump industry?
5. What is the customer orientation, purchase behavior, and expectations from the global Centrifugal pump suppliers across various region and countries?

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UnivDatos Market Insights (UMI), is a passionate market research firm and a subsidiary of Universal Data Solutions. Rigorous secondary and primary research on the market is our USP, hence information presented in our reports is based on facts and realistic assumptions. We have worked with 200+ global clients, including some of the fortune 500 companies. Our clientele praises us for quality of insights, In-depth analysis, custom research abilities and detailed market segmentation.

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