Centrifugal Pump Market by Type, Stage, Impeller Type, Flow, Operation Type, Distribution Channel, End-Use

List of Tables

[192 Pages Report] The Centrifugal Pump Market size was estimated at USD 41.94 billion in 2023 and expected to reach USD 44.42 billion in 2024, at a CAGR 6.19% to reach USD 63.89 billion by 2030.

A centrifugal pump is a mechanical device created to move fluids by the transfer of rotational energy from a single or more driven rotor, called an impeller, to the fluid. The rotational energy emerges from an electric motor or an engine. These pumps are widely used across various industries because they are efficient in handling high flow rates, capable of adjusting to changes in the system head, have relatively simple construction, and are compatible with a broad spectrum of fluids. The expansion of centrifugal pumps can be attributed to several key factors. The global increase in water infrastructure projects and industrial growth, particularly in the chemicals, water & wastewater treatment, and oil & gas sectors, along with advancements in technology leading to more energy-efficient models, are prominent drivers. Furthermore, the versatility and scalability of these pumps make them adaptable to various applications, boosting their demand. Despite their many advantages, centrifugal pumps do possess certain challenges, including their performance being significantly affected by the viscosity of the fluid. They are also prone to cavitation if not operated within their designed parameters, which can cause damage to the impeller and affect the pump's overall efficiency. Addressing these challenges involves proper pump selection, ensuring that the pump design is suitable for the application, and maintaining an optimal operation range. Additionally, advancements in pump design and materials can reduce susceptibility to cavitation and wear, extending the lifespan and reducing maintenance needs. There's also an increasing adoption of smart centrifugal pumps equipped with sensors for real-time monitoring and integration with the Internet of Things (IoT) for improved efficiency and predictive maintenance.

KEY MARKET STATISTICS
Base Year [2023]	USD 41.94 billion
Estimated Year [2024]	USD 44.42 billion
Forecast Year [2030]	USD 63.89 billion
CAGR (%)	6.19%

Type: Exponential utilization of between bearing pumps for high-pressure and high-flow conditions

Between bearing pumps are centrifugal pumps where the impeller is located between bearings. These pumps are known for their robust design, making them suitable for high-pressure applications and large flow rates. They are often employed in tasks involving water supply, in oil and gas industries for pipeline and high-head applications, and in power generation plants. They are preferred in applications requiring high load capacity and durability, especially where high pressure and flow rates are involved. Their design allows for better distribution of loads, leading to increased longevity and reliability under demanding conditions. Overhung Impeller pumps feature an impeller mounted at the end of a shaft that is 'overhung' from its bearings. This design is common in simpler, less expensive pump configurations and is suited for a wide range of low to moderate-pressure applications. Overhung pumps are widely utilized in chemical processing, heating, ventilation, and air conditioning (HVAC) systems, as well as light manufacturing. They are ideal for small to medium-flow applications where cost-efficiency and space-saving are priorities. Their simpler design allows for ease of maintenance and versatility in various applications, though they might not be suitable for very high load or pressure tasks. Vertically suspended pumps, often referred to as vertical turbine pumps, have a unique design that enables the pump to be submerged in the fluid it is pumping. These pumps are used in deep wells, water treatment plants, and in applications where floor space is a constraint. They are particularly suited for pulling water from deep underground sources or within enclosed spaces such as tanks. The choice for applications where the pump needs to be immersed in the liquid, especially in deep well water extraction, or where limited space precludes using more conventional horizontal pumps. They provide a space-efficient solution with the motor situated above the pump, saving valuable floor space.

End-Use: Increasing potential of customized centrifugal pumps in industrial settings

For the commercial and residential segment, centrifugal pumps have extensive applications in water supply, wastewater treatment systems, HVAC systems, and irrigation uses in gardens and lawns. Moreover, noise reduction and the compact size of centrifugal pumps are critical attributes valued in residential settings to ensure comfort and space efficiency. In the industrial sector, centrifugal pumps are utilized for a wide range of applications, including chemical processing, food and beverage manufacturing, oil and gas, and power generation. The primary requirements here include the ability to handle corrosive or abrasive fluids, high reliability, and durability for continuous operation, and compliance with strict industry standards. Moreover, customization and scalability of pump solutions are often demanded to meet specific industrial processes. The commercial & residential sector emphasizes energy efficiency, compactness, and noise reduction due to its proximity to daily living environments. In contrast, the industrial segment requires pumps that can handle extreme conditions, aggressive and hazardous materials and conform to stringent industry standards, focusing more on reliability, durability, and customization capabilities.

Regional Insights

In the Americas, particularly in North America, there is a robust demand for centrifugal pumps primarily driven by the oil and gas sector, alongside wastewater treatment and chemical industries. The region is also home to some leading centrifugal pump manufacturers, which cater to local demand and export significantly due to their technological advancements and product reliability. Conversely, in the APAC region, rapid industrialization, infrastructure development, and agricultural expansion predominantly fuel the demand for these pumps. Countries such as China and India are among the largest consumers and have also emerged as significant producers, hosting numerous local companies that compete fiercely on price and customization, expanding their presence in domestic and international markets. The EMEA region, with its diverse industrial application spectrum ranging from water & wastewater management in the Middle East to chemical processing in Europe, has a steady demand for centrifugal pumps. The competitive scenario in EMEA is quite mature, with a mix of established European manufacturers known for their high-quality, energy-efficient pumps and emerging players from the Middle East focusing on servicing the oil and gas industry.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Centrifugal Pump Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Centrifugal Pump Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Centrifugal Pump Market, highlighting leading vendors and their innovative profiles. These include Aipu Solids Control, Ajay Engineers, Alfa Laval AB, ANDRITZ AG, Apex Fluid Engineering Ltd., Aquatech Dewatering Company, Inc., Asia Waterjet Equipment, AxFlow Group, Baker Hughes Company, Bedu Pompen BV, Circor International, Inc., Cornell Pump Company, Dalian Yuankun Machinery Equipment Co., Ltd., Dover Corporation, Ebara Corporation, EDUR-Pumpenfabrik, Empowering Pumps and Equipment, Eurofiliales, Flowserve Corporation, FLUX-SPECK Pump Co., Ltd., Gardner Denver Inc., Gotesco Marketing, Inc., Grundfos Holding A/S, InoxMIM, Inoxpa India Pvt. Ltd., ITT Blakers, Keyflow International Co., Ltd., Kirloskar Brothers Limited, KSB SE & Co. KGaA, Landustrie Sneek BV, Michael Smith Engineers Ltd., Neles Corp. by Valmet Oyj, Pentair, Pure Aqua, Inc., Royal Eijkelkamp, Ruhrpumpen Group, Sintech Precision Products Ltd., Sintorn (1994) Co., Ltd., Someflu, SPP Pumps Ltd., Star Pump Alliance GmbH, Sulzer Ltd., Tapflo Group, The Weir Group PLC, Timsa, Torishima Pump Mfg. Co. Ltd., Tsurumi Manufacturing Co., Ltd., United Centrifugal Pumps (M) Sdn Bhd., Vanton Pumps (Europe) Ltd., WILO SE, Xylem Inc., Zhejiang Rijing Pump Co. Ltd., and Zhejiang Southern-Lights Pump Group Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Centrifugal Pump Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Between Bearing
- Overhung Impeller
- Vertically Suspended

Stage
- Multistage
- Single Stage

Impeller Type
- Enclosed
- Open
- Partially Open

Flow
- Axial Flow
- Mixed Flow
- Radial Flow

Operation Type
- Air-Driven
- Electrical
- Hydraulic

Distribution Channel
- Offline
- Online

End-Use
- Commercial & Residential
- Industrial
  - Agriculture
  - Chemical
  - Cosmetics & Personal Care
  - Oil & Gas
  - Pharmaceutical
  - Power
  - Water & Wastewater
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Centrifugal Pump Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Centrifugal Pump Market?

3. What are the technology trends and regulatory frameworks in the Centrifugal Pump Market?

4. What is the market share of the leading vendors in the Centrifugal Pump Market?

5. Which modes and strategic moves are suitable for entering the Centrifugal Pump Market?

Product Code: MRR-433AB1DC28F1

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing investments and initiatives for offshore deep-water oil & gas fields and wastewater treatment
  - 5.1.1.2. Exponential popularity of automatic centrifugal pumps
  - 5.1.1.3. Growing focus on improving energy efficiency of pumping systems
- 5.1.2. Restraints
  - 5.1.2.1. Pricing pressure due to fluctuation in availability of cast iron or aluminum
- 5.1.3. Opportunities
  - 5.1.3.1. Use of IoT and AI to revolutionize centrifugal pumps
  - 5.1.3.2. Advancements in pump manufacturing with 3D printing
- 5.1.4. Challenges
  - 5.1.4.1. Limitations in the numerical analysis of centrifugal pumps
5.2. Market Segmentation Analysis
- 5.2.1. Type: Exponential utilization of between bearing pumps for high-pressure and high-flow conditions
- 5.2.2. End-Use: Increasing potential of customized centrifugal pumps in industrial settings
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Centrifugal Pump Market, by Type

6.1. Introduction
6.2. Between Bearing
6.3. Overhung Impeller
6.4. Vertically Suspended

7. Centrifugal Pump Market, by Stage

7.1. Introduction
7.2. Multistage
7.3. Single Stage

8. Centrifugal Pump Market, by Impeller Type

8.1. Introduction
8.2. Enclosed
8.3. Open
8.4. Partially Open

9. Centrifugal Pump Market, by Flow

9.1. Introduction
9.2. Axial Flow
9.3. Mixed Flow
9.4. Radial Flow

10. Centrifugal Pump Market, by Operation Type

10.1. Introduction
10.2. Air-Driven
10.3. Electrical
10.4. Hydraulic

11. Centrifugal Pump Market, by Distribution Channel

11.1. Introduction
11.2. Offline
11.3. Online

12. Centrifugal Pump Market, by End-Use

12.1. Introduction
12.2. Commercial & Residential
12.3. Industrial

13. Americas Centrifugal Pump Market

13.1. Introduction
13.2. Argentina
13.3. Brazil
13.4. Canada
13.5. Mexico
13.6. United States

14. Asia-Pacific Centrifugal Pump Market

14.1. Introduction
14.2. Australia
14.3. China
14.4. India
14.5. Indonesia
14.6. Japan
14.7. Malaysia
14.8. Philippines
14.9. Singapore
14.10. South Korea
14.11. Taiwan
14.12. Thailand
14.13. Vietnam

15. Europe, Middle East & Africa Centrifugal Pump Market

15.1. Introduction
15.2. Denmark
15.3. Egypt
15.4. Finland
15.5. France
15.6. Germany
15.7. Israel
15.8. Italy
15.9. Netherlands
15.10. Nigeria
15.11. Norway
15.12. Poland
15.13. Qatar
15.14. Russia
15.15. Saudi Arabia
15.16. South Africa
15.17. Spain
15.18. Sweden
15.19. Switzerland
15.20. Turkey
15.21. United Arab Emirates
15.22. United Kingdom

16. Competitive Landscape

16.1. Market Share Analysis, 2023
16.2. FPNV Positioning Matrix, 2023
16.3. Competitive Scenario Analysis
- 16.3.1. ITT Inc. Entered Into a Contract with ExxonMobil for the Supply API-610 Centrifugal Pump Systems and Aftermarket Services
- 16.3.2. Michael Smith Engineers and SAWA Pumpentechnik Partnered to Advance Hygienic Pump Solutions in the UK
- 16.3.3. Xylem Launched e-80SCXL, a Vertical In-Line Centrifugal Pump
16.4. Strategy Analysis & Recommendation

17. Competitive Portfolio

17.1. Key Company Profiles
17.2. Key Product Portfolio