Single-stage Centrifugal Pumps Market - Growth, Trends, and Forecasts (2022 - 2027)

The market for single-stage centrifugal pumps is anticipated to grow at a CAGR of 5.1% over the forecast period. The primary factors propelling the growth of the single-stage centrifugal pump market are rising investments in the construction industry due to rapid urbanization and growing demand for centrifugal pumps in the agricultural sector.

This centrifugal pump has a single impeller. The straightforward design makes maintenance a breeze. This specific variety is frequently utilized in low-pressure, high-flow systems. Applications with a low to moderate total dynamic head and high flow are best suited for this pump.

Key Highlights

• Centrifugal pumps are the most prevalent form of pump accessible and account for of all pump types used, which refers to one of the three major pump families. When driven by a motor, a single-stage centrifugal pump comprises of one impeller revolving on a shaft within a pump casing to produce fluid flow. It is one of the most basic pump types accessible, and various versions exist to meet the duty requirements of applications.
• A single-stage centrifugal pump is made to be a relatively low-head or low-flow centrifugal pump that has only one impeller put inside of it. Slurry pumping, home, commercial, and industrial sewage pumping make up the majority of its applications. The total dynamic head (TDH) is suited for usage when using this sort of centrifugal pump, which is the most used type.
• The dependability and low maintenance costs of single-stage pumps in applications with modest dynamic heads, such as water pumping stations, which are some of the most prevalent applications for centrifugal pumps, are likely to drive global demand for single-stage pumps. Furthermore, the single-stage centrifugal pump market is being driven by increased infrastructure and solar power plant expenditures, as well as the growing home sector in emerging economies.
• Moreover, overhung impeller pumps are popular since they are mostly employed in water delivery systems. Because of their compact form, these pumps are often single-stage and require less floor area. Overhung-impeller centrifugal pumps are available in a variety of designs and pump sizes. As a result, these pumps are used for water supply in a variety of businesses, power plants, and residential and commercial buildings.

Key Market Trends

Oil and Gas Segment will Propel the Market Expansion for Single-stage Centrifugal Pumps

• Over the course of the projected period, rising demand from the oil and gas sector is anticipated to propel market expansion for single-stage centrifugal pumps. This is due to the significant need for single-stage centrifugal pumps in the oil and gas industries to pump fluids, gases, and petroleum products during operations. The demand for products in this market is anticipated to increase as oil and gas infrastructure construction picks up pace. Demand for oil infrastructure is also being driven by the rising demand for crude oil.
• Likewise, low-viscosity fluids that demand high flow rates are typically transferred using single-stage centrifugal pumps. These pumps are frequently utilized as a component of a larger pump network that also includes horizontal multistage pump units for shipping crude oil or water injection pumps for secondary oil and gas recovery.
• However, uncertain drilling operations for oil and gas and inexpensive pump substitutes are decreasing market revenues. To maintain growth in a highly commoditized, intensely competitive market, manufacturers must connect their product portfolios with end-user needs. Manufacturers could capitalize on the rising need for effective, automated, smart pumps that are environmentally friendly and can smoothly interact with the smart grid as technology drives the market toward predictive maintenance and diagnostics.
• For instance, in March 2022, Baker Hughes announced that it was buying Altus Intervention, a major international provider of down-hole oil and gas technologies and well-intervention services. The acquisition strengthens Baker Hughes' life-of-well capabilities as operators aim to increase efficiencies from mature fields, adding to the company's current portfolio of oilfield technologies and integrated solutions.
• The recent deployment of vital replacement components for a pump at the Shell Energy and Chemicals Park Rotterdam, the Netherlands, was also disclosed by Shell, an energy and petrochemical business, in May 2022. The business and Baker Hughes collaborated to produce single-stage centrifugal pump impellers additively. Later, in May 2022, the centrifugal pump successfully started using components produced additively.

Asia Pacific is anticipated to witness highest growth

• China, Japan, India, South Korea, Bangladesh, and the rest of Asia Pacific make up the Asia Pacific region. Malaysia, Singapore, and Australia are included in the remainder of Asia-Pacific. Rapid economic growth is to be attributed to the region's dominance. Due to the reduced cost of labor and raw materials, the area is luring investors to establish production facilities. Due to reduced manufacturing costs and local government backing, industrial activity is developing.
• Moreover, oil & gas, chemicals, F&B, and the water and wastewater sectors are the region's leading industries for single-stage centrifugal pumps. The region's enormous population creates a strong demand for food, which in turn spurs the expansion of the agricultural industry. The industry must also increase yields with the few resources at its disposal and put more emphasis on safeguarding crops from unforeseen climate change.
• Another factor propelling the Asia-Pacific market for single-stage centrifugal pumps is rising R&D expenditures. The Asia-Pacific region, with its continued economic expansion, is the fastest-growing region in the world, according to the World Bank. China and India have been identified as two of the world's economies that are expanding the fastest by the International Monetary Fund (IMF).
• Government initiatives like Made in China 2025 and Make in India encourage the construction of manufacturing facilities to help the respective economies become self-sufficient and able to export excess commodities. Due to the aging population, labor costs are rising in China, the largest industrial hub in the world. As a result, manufacturers are now more interested in making investments in Southeast Asian nations.
• Additionally, in April 2022, Sulzer announced the construction of a brand-new, cutting-edge service facility in Vadodara, Gujarat, India. According to the corporation, the facility will provide maintenance, upgrades, retrofits, and parts production for a variety of rotating equipment, including single-stage centrifugal pumps, steam turbines, compressors, and expanders.

Competitive Landscape

The single-stage centrifugal pump market is moderately fragmented. The level of competition among important corporations has been developed by evaluating various leading key players operating on a global scale. Some of the major players in this market include Sulzer Ltd., KSB Company, Grundfos Holding AS, and Baker Hughes Company.

• May 2022 - Sulzer introduced new AHLSTAR A process pump features. The volute case and case cover of the pump are composed of ductile iron in the new ASTM A395 60-40-18 construction. The maximum working pressure of AHLSTAR A pumps in ductile iron is 16 bar, with a temperature limit of 180°C.

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