Centrifugal Pump Market to Drive Demand Growth for Construction Industry Through 2026

The global centrifugal pump market size is projected to reach USD 48.8 billion by 2026 from an estimated value of USD 36.6 billion in 2021, at a CAGR of 5.9%. The key drivers for the centrifugal pump market include intensified demand for water and wastewater management in developed countries; surged investments in global construction industry; high demand for centrifugal pumps from agricultural sector.

Key Market Players:
The key players in the centrifugal pump market include companies such as Xylem (US), Sulzer (Switzerland), KSB (Germany), Wilo (Germany), Grundfos (Denmark), and Flowserve (US). Major strategies adopted by the players are product launches, contracts & agreements, collaborations, partnerships, and mergers & acquisitions, from January 2017 to January 2017. Contracts & Agreements was the most commonly adopted strategy.

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This research report categorizes the centrifugal pump market-based on type, operation type, stage, end user, and region.

Based on Operation type, the market has been segmented as follows:

Electrical
Hydraulic
Air-Driven

Based on Type, the market has been segmented as follows:

Overhung Impeller
Vertically Suspended
Between Bearing

Based on Stage, the market has been segmented as follows:

Single Stage
Multistage

Based on end user, the market has been segmented as follows:

Industrial
Oil and Gas
Water and Wastewater
Mining and Metal
Chemicals
Power Generation
Food and Beverages
Pharmaceuticals
Pulp and Paper
Agriculture
Automotive
Textiles
Commercial & Residential

Based on the region, the Centrifugal pump market has been segmented as follows:

Asia Pacific
Europe
North America
South America
Middle East

Asia Pacific is expected to be the largest and fastest-growing market during the forecast period.

In this report, the centrifugal pump market has been analyzed for six regions, namely, Asia Pacific, Europe, North America, South America, Middle East, and Africa. Asia Pacific region has been segmented, by country, into China, Japan, India, South Korea, Bangladesh, and Rest of Asia Pacific. Rest of Asia Pacific includes Thailand, Australia, and Singapore. The major applications for centrifugal pumps in the region include water & wastewater treatment, commercial & residential complexes, and the agricultural sector. Factors driving the adoption of centrifugal pumps in the agricultural sector in Asia Pacific include the growing demand for food, rising pressure to improve yields with limited available resources, and increasing requirement to protect crops from unexpected climatic changes. Furthermore, rapid industrialization and infrastructural developments in the region offer growth opportunities for the Asia Pacific centrifugal pump market.

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Report Objectives

To define and describe the centrifugal pump market, based on type, operation type, stage, and end user.
To provide detailed information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges).
To strategically analyze the market with respect to individual growth trends, prospects, and contributions of each segment to the market.
To analyze the impact of COVID-19 on the market for the estimation of the market size.
To analyze market opportunities for stakeholders and provide a detailed competitive landscape for market leaders.
To forecast the revenue of the market segments with respect to six main regions (along with countries), namely, North America, South America, Europe, Asia Pacific, the Middle East and Africa.
To strategically profile key players and comprehensively analyze their market ranking and core competencies.
To track and analyze competitive developments, such as new product developments, contracts & agreements, investments & expansion, and mergers & acquisitions, in the submersible pumps market

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