PUBLISHER: Grand View Research | PRODUCT CODE: 1611763
PUBLISHER: Grand View Research | PRODUCT CODE: 1611763
The global centrifugal pump market size is expected to reach USD 50.54 billion by 2030, expanding at 4.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The centrifugal demand has escalated owing to the increase in pump demand for pressure fluids. The pumps are primarily used for accelerating fluids, like water, chemicals, sludge treatment liquids, wastewater, oil, bleaches, and resins.
Increasing demand for water in domestic and industrial applications due to the growing world population is driving the market growth. Expanding population, rapid urbanization, technological developments, and growth in infrastructure have augmented the demand for fresh and processed water across the globe. This in turn is expected to fuel the market growth over the forecast period.
In addition, water scarcity is affecting regions across the globe owing to the lack of freshwater resources, there is an increased need for wastewater treatment to meet the rising demand for clean water. This is expected to drive the global water and wastewater treatment equipment market over the forecast period.
Expanding industrial sectors including food & beverage, chemicals, pulp & paper, pharmaceutical, power, metal & mining, textiles, semiconductors, and oil & gas result in increased consumption of clean water, which is expected to drive the demand for the centrifugal pump industry across the globe.
Manufacturers of centrifugal pumps adopt several strategies including acquisitions, mergers, joint ventures, new product developments, and geographical expansions to enhance their market penetration and cater to the changing technological demand for equipment from various end-use industries such as agriculture, construction & building services, water & wastewater, power generation, oil & gas, chemical, and others. For instance, in October 2022, Sulzer introduces updated features for the AHLSTAR A line of process pumps. AHLSTAR A pumps made of ductile iron have a 180°C temperature limit and a maximum working pressure of 16 bars.