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PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1682804

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PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1682804

Centrifugal Pump Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)

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The global centrifugal pump market is experiencing significant growth, driven by investments in the construction sector, rapid urbanization, and the increasing need for wastewater management in developed countries. In 2024, the market size was valued at USD 41.2 billion and is projected to reach USD 65.0 billion by 2032, advancing at a compound annual growth rate (CAGR) of 5.9% during the forecast period.

The surge in consumer demand for these devices in residential settings, coupled with government initiatives such as funding and new industrial policies, is augmenting market growth. Additionally, the adoption of the Industrial Internet of Things (IIoT) and digitalization is expected to offer lucrative opportunities for market expansion.

Key Insights

The centrifugal pump market is segmented based on operation type into electrical, hydraulic, and pneumatic categories. Among these, the electrical category accounted for the largest revenue share in 2024 and is expected to witness the fastest growth during the forecast period. This is due to the smooth handling of both liquids and solids by these systems, boosting production capacity across various sectors, including domestic, agriculture, and industrial.

Based on stage, the market is bifurcated into single-stage and multistage pumps. The multistage category is expected to undergo faster growth in the upcoming period, with a 7% CAGR. This growth is attributed to the easy installation, high energy efficiency, optimized operation, and lower internal friction losses of these variants.

The Asia-Pacific region held the largest market share in 2024 and is also the fastest-growing region. This dominance is attributed to rampant urbanization, high infrastructure investment, and growing disposable income in countries such as China and India. These factors offer opportunities for market growth, as the increasing urbanization rate has heightened awareness among consumers about the importance of clean water for maintaining a healthy lifestyle.

A key trend in the market is the integration of smart, IoT-integrated pumps. The adoption of the Industrial Internet of Things (IIoT) and digitalization is expected to offer lucrative opportunities for market expansion. These smart pumps enable real-time monitoring and control, enhancing operational efficiency and reducing maintenance costs.

The centrifugal pump market is fragmented, with numerous players striving to expand their consumer base globally. Major companies in the market include Flowserve Corporation, EBARA Corporation, Sulzer Management Ltd., Grundfos Holding A/S, Kirloskar Brothers Limited, KSB SE & Co. KGaA, Ingersoll Rand Inc., ITT Inc., Torishima Pump Mfg. Co. Ltd., The Weir Group PLC, Crompton Greaves Consumer Electricals Limited, and Havells India Ltd.

Product Code: 10701

Table of Contents

Chapter 1. Research Scope

  • 1.1. Research Objectives
  • 1.2. Market Definition
  • 1.3. Analysis Period
  • 1.4. Market Size Breakdown by Segments
    • 1.4.1. Market Size Breakdown, by Operation Type
    • 1.4.2. Market Size Breakdown, by Stage
    • 1.4.3. Market Size Breakdown, by End User
    • 1.4.4. Market Size Breakdown, by Region
    • 1.4.5. Market Size Breakdown, by Country
  • 1.5. Market Data Reporting Unit
    • 1.5.1. Revenue
  • 1.6. Key Stakeholders

Chapter 2. Research Methodology

  • 2.1. Secondary Research
    • 2.1.1. Paid
    • 2.1.2. Unpaid
    • 2.1.3. P&S Intelligence Database
  • 2.2. Primary Research
  • 2.3. Market Size Estimation
  • 2.4. Data Triangulation
  • 2.5. Currency Conversion Rates
  • 2.6. Assumptions for the Study
  • 2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

  • 5.1. Industry Background
  • 5.2. Market Dynamics
    • 5.2.1. Trends
    • 5.2.2. Drivers
    • 5.2.3. Restraints/Challenges
    • 5.2.4. Emerging Economies and Key Opportunities
    • 5.2.5. Impact Analysis of Drivers/Restraints
  • 5.3. Impact of COVID-19
  • 5.4. Sociopolitical Impact
  • 5.5. Porter-s Five Forces Analysis
    • 5.5.1. Bargaining Power of Buyers
    • 5.5.2. Bargaining Power of Suppliers
    • 5.5.3. Threat of New Entrants
    • 5.5.4. Intensity of Rivalry
    • 5.5.5. Threat of Substitutes
  • 5.6. Innovation and Technology Trends
  • 5.7. Supply Chain and Value Chain Insights
  • 5.8. Economic and Regulatory Impact
  • 5.9. Market Entry Strategies

Chapter 6. Competitive Landscape

  • 6.1. List of Market Players and their Offerings
  • 6.2. Competitive Benchmarking of Key Players
  • 6.3. Product Benchmarking of Key Players
  • 6.4. Recent Strategic Developments by Key Players
  • 6.5. Company Leadership Matrix

Chapter 7. Global Market

  • 7.1. Overview
  • 7.2. Market Revenue, by Operation Type (2019-2032)
  • 7.3. Market Revenue, by Stage (2019-2032)
  • 7.4. Market Revenue, by End User (2019-2032)
  • 7.5. Market Revenue, by Region (2019-2032)

Chapter 8. North America Market

  • 8.1. Overview
  • 8.2. Market Revenue, by Operation Type (2019-2032)
  • 8.3. Market Revenue, by Stage (2019-2032)
  • 8.4. Market Revenue, by End User (2019-2032)
  • 8.5. Market Revenue, by Country (2019-2032)

Chapter 9. Europe Market

  • 9.1. Overview
  • 9.2. Market Revenue, by Operation Type (2019-2032)
  • 9.3. Market Revenue, by Stage (2019-2032)
  • 9.4. Market Revenue, by End User (2019-2032)
  • 9.5. Market Revenue, by Country (2019-2032)

Chapter 10. APAC Market

  • 10.1. Overview
  • 10.2. Market Revenue, by Operation Type (2019-2032)
  • 10.3. Market Revenue, by Stage (2019-2032)
  • 10.4. Market Revenue, by End User (2019-2032)
  • 10.5. Market Revenue, by Country (2019-2032)

Chapter 11. LATAM Market

  • 11.1. Overview
  • 11.2. Market Revenue, by Operation Type (2019-2032)
  • 11.3. Market Revenue, by Stage (2019-2032)
  • 11.4. Market Revenue, by End User (2019-2032)
  • 11.5. Market Revenue, by Country (2019-2032)

Chapter 12. MEA Market

  • 12.1. Overview
  • 12.2. Market Revenue, by Operation Type (2019-2032)
  • 12.3. Market Revenue, by Stage (2019-2032)
  • 12.4. Market Revenue, by End User (2019-2032)
  • 12.5. Market Revenue, by Country (2019-2032)

Chapter 13. U.S. Market

  • 13.1. Overview
  • 13.2. Economic Indicators
  • 13.3. Regional Hotspots
  • 13.4. Growth Drivers
  • 13.5. Challenges and Barriers
  • 13.6. Competitive Strategies
  • 13.7. Emerging Players
  • 13.8. Import/Export Policies
  • 13.9. Compliance Requirements
  • 13.10. Emerging Investment Areas
  • 13.11. Major Ongoing Projects
  • 13.12. Market Size and Forecast
    • 13.12.1. Market Revenue, by Operation Type (2019-2032)
    • 13.12.2. Market Revenue, by Stage (2019-2032)
    • 13.12.3. Market Revenue, by End User (2019-2032)

Chapter 14. Canada Market

  • 14.1. Overview
  • 14.2. Economic Indicators
  • 14.3. Regional Hotspots
  • 14.4. Growth Drivers
  • 14.5. Challenges and Barriers
  • 14.6. Competitive Strategies
  • 14.7. Emerging Players
  • 14.8. Import/Export Policies
  • 14.9. Compliance Requirements
  • 14.10. Emerging Investment Areas
  • 14.11. Major Ongoing Projects
  • 14.12. Market Size and Forecast
    • 14.12.1. Market Revenue, by Operation Type (2019-2032)
    • 14.12.2. Market Revenue, by Stage (2019-2032)
    • 14.12.3. Market Revenue, by End User (2019-2032)

Chapter 15. Germany Market

  • 15.1. Overview
  • 15.2. Economic Indicators
  • 15.3. Regional Hotspots
  • 15.4. Growth Drivers
  • 15.5. Challenges and Barriers
  • 15.6. Competitive Strategies
  • 15.7. Emerging Players
  • 15.8. Import/Export Policies
  • 15.9. Compliance Requirements
  • 15.10. Emerging Investment Areas
  • 15.11. Major Ongoing Projects
  • 15.12. Market Size and Forecast
    • 15.12.1. Market Revenue, by Operation Type (2019-2032)
    • 15.12.2. Market Revenue, by Stage (2019-2032)
    • 15.12.3. Market Revenue, by End User (2019-2032)

Chapter 16. U.K. Market

  • 16.1. Overview
  • 16.2. Economic Indicators
  • 16.3. Regional Hotspots
  • 16.4. Growth Drivers
  • 16.5. Challenges and Barriers
  • 16.6. Competitive Strategies
  • 16.7. Emerging Players
  • 16.8. Import/Export Policies
  • 16.9. Compliance Requirements
  • 16.10. Emerging Investment Areas
  • 16.11. Major Ongoing Projects
  • 16.12. Market Size and Forecast
    • 16.12.1. Market Revenue, by Operation Type (2019-2032)
    • 16.12.2. Market Revenue, by Stage (2019-2032)
    • 16.12.3. Market Revenue, by End User (2019-2032)

Chapter 17. France Market

  • 17.1. Overview
  • 17.2. Economic Indicators
  • 17.3. Regional Hotspots
  • 17.4. Growth Drivers
  • 17.5. Challenges and Barriers
  • 17.6. Competitive Strategies
  • 17.7. Emerging Players
  • 17.8. Import/Export Policies
  • 17.9. Compliance Requirements
  • 17.10. Emerging Investment Areas
  • 17.11. Major Ongoing Projects
  • 17.12. Market Size and Forecast
    • 17.12.1. Market Revenue, by Operation Type (2019-2032)
    • 17.12.2. Market Revenue, by Stage (2019-2032)
    • 17.12.3. Market Revenue, by End User (2019-2032)

Chapter 18. Italy Market

  • 18.1. Overview
  • 18.2. Economic Indicators
  • 18.3. Regional Hotspots
  • 18.4. Growth Drivers
  • 18.5. Challenges and Barriers
  • 18.6. Competitive Strategies
  • 18.7. Emerging Players
  • 18.8. Import/Export Policies
  • 18.9. Compliance Requirements
  • 18.10. Emerging Investment Areas
  • 18.11. Major Ongoing Projects
  • 18.12. Market Size and Forecast
    • 18.12.1. Market Revenue, by Operation Type (2019-2032)
    • 18.12.2. Market Revenue, by Stage (2019-2032)
    • 18.12.3. Market Revenue, by End User (2019-2032)

Chapter 19. Spain Market

  • 19.1. Overview
  • 19.2. Economic Indicators
  • 19.3. Regional Hotspots
  • 19.4. Growth Drivers
  • 19.5. Challenges and Barriers
  • 19.6. Competitive Strategies
  • 19.7. Emerging Players
  • 19.8. Import/Export Policies
  • 19.9. Compliance Requirements
  • 19.10. Emerging Investment Areas
  • 19.11. Major Ongoing Projects
  • 19.12. Market Size and Forecast
    • 19.12.1. Market Revenue, by Operation Type (2019-2032)
    • 19.12.2. Market Revenue, by Stage (2019-2032)
    • 19.12.3. Market Revenue, by End User (2019-2032)

Chapter 20. Japan Market

  • 20.1. Overview
  • 20.2. Economic Indicators
  • 20.3. Regional Hotspots
  • 20.4. Growth Drivers
  • 20.5. Challenges and Barriers
  • 20.6. Competitive Strategies
  • 20.7. Emerging Players
  • 20.8. Import/Export Policies
  • 20.9. Compliance Requirements
  • 20.10. Emerging Investment Areas
  • 20.11. Major Ongoing Projects
  • 20.12. Market Size and Forecast
    • 20.12.1. Market Revenue, by Operation Type (2019-2032)
    • 20.12.2. Market Revenue, by Stage (2019-2032)
    • 20.12.3. Market Revenue, by End User (2019-2032)

Chapter 21. China Market

  • 21.1. Overview
  • 21.2. Economic Indicators
  • 21.3. Regional Hotspots
  • 21.4. Growth Drivers
  • 21.5. Challenges and Barriers
  • 21.6. Competitive Strategies
  • 21.7. Emerging Players
  • 21.8. Import/Export Policies
  • 21.9. Compliance Requirements
  • 21.10. Emerging Investment Areas
  • 21.11. Major Ongoing Projects
  • 21.12. Market Size and Forecast
    • 21.12.1. Market Revenue, by Operation Type (2019-2032)
    • 21.12.2. Market Revenue, by Stage (2019-2032)
    • 21.12.3. Market Revenue, by End User (2019-2032)

Chapter 22. India Market

  • 22.1. Overview
  • 22.2. Economic Indicators
  • 22.3. Regional Hotspots
  • 22.4. Growth Drivers
  • 22.5. Challenges and Barriers
  • 22.6. Competitive Strategies
  • 22.7. Emerging Players
  • 22.8. Import/Export Policies
  • 22.9. Compliance Requirements
  • 22.10. Emerging Investment Areas
  • 22.11. Major Ongoing Projects
  • 22.12. Market Size and Forecast
    • 22.12.1. Market Revenue, by Operation Type (2019-2032)
    • 22.12.2. Market Revenue, by Stage (2019-2032)
    • 22.12.3. Market Revenue, by End User (2019-2032)

Chapter 23. South Korea Market

  • 23.1. Overview
  • 23.2. Economic Indicators
  • 23.3. Regional Hotspots
  • 23.4. Growth Drivers
  • 23.5. Challenges and Barriers
  • 23.6. Competitive Strategies
  • 23.7. Emerging Players
  • 23.8. Import/Export Policies
  • 23.9. Compliance Requirements
  • 23.10. Emerging Investment Areas
  • 23.11. Major Ongoing Projects
  • 23.12. Market Size and Forecast
    • 23.12.1. Market Revenue, by Operation Type (2019-2032)
    • 23.12.2. Market Revenue, by Stage (2019-2032)
    • 23.12.3. Market Revenue, by End User (2019-2032)

Chapter 24. Australia Market

  • 24.1. Overview
  • 24.2. Economic Indicators
  • 24.3. Regional Hotspots
  • 24.4. Growth Drivers
  • 24.5. Challenges and Barriers
  • 24.6. Competitive Strategies
  • 24.7. Emerging Players
  • 24.8. Import/Export Policies
  • 24.9. Compliance Requirements
  • 24.10. Emerging Investment Areas
  • 24.11. Major Ongoing Projects
  • 24.12. Market Size and Forecast
    • 24.12.1. Market Revenue, by Operation Type (2019-2032)
    • 24.12.2. Market Revenue, by Stage (2019-2032)
    • 24.12.3. Market Revenue, by End User (2019-2032)

Chapter 25. Brazil Market

  • 25.1. Overview
  • 25.2. Economic Indicators
  • 25.3. Regional Hotspots
  • 25.4. Growth Drivers
  • 25.5. Challenges and Barriers
  • 25.6. Competitive Strategies
  • 25.7. Emerging Players
  • 25.8. Import/Export Policies
  • 25.9. Compliance Requirements
  • 25.10. Emerging Investment Areas
  • 25.11. Major Ongoing Projects
  • 25.12. Market Size and Forecast
    • 25.12.1. Market Revenue, by Operation Type (2019-2032)
    • 25.12.2. Market Revenue, by Stage (2019-2032)
    • 25.12.3. Market Revenue, by End User (2019-2032)

Chapter 26. Mexico Market

  • 26.1. Overview
  • 26.2. Economic Indicators
  • 26.3. Regional Hotspots
  • 26.4. Growth Drivers
  • 26.5. Challenges and Barriers
  • 26.6. Competitive Strategies
  • 26.7. Emerging Players
  • 26.8. Import/Export Policies
  • 26.9. Compliance Requirements
  • 26.10. Emerging Investment Areas
  • 26.11. Major Ongoing Projects
  • 26.12. Market Size and Forecast
    • 26.12.1. Market Revenue, by Operation Type (2019-2032)
    • 26.12.2. Market Revenue, by Stage (2019-2032)
    • 26.12.3. Market Revenue, by End User (2019-2032)

Chapter 27. Saudi Arabia Market

  • 27.1. Overview
  • 27.2. Economic Indicators
  • 27.3. Regional Hotspots
  • 27.4. Growth Drivers
  • 27.5. Challenges and Barriers
  • 27.6. Competitive Strategies
  • 27.7. Emerging Players
  • 27.8. Import/Export Policies
  • 27.9. Compliance Requirements
  • 27.10. Emerging Investment Areas
  • 27.11. Major Ongoing Projects
  • 27.12. Market Size and Forecast
    • 27.12.1. Market Revenue, by Operation Type (2019-2032)
    • 27.12.2. Market Revenue, by Stage (2019-2032)
    • 27.12.3. Market Revenue, by End User (2019-2032)

Chapter 28. South Africa Market

  • 28.1. Overview
  • 28.2. Economic Indicators
  • 28.3. Regional Hotspots
  • 28.4. Growth Drivers
  • 28.5. Challenges and Barriers
  • 28.6. Competitive Strategies
  • 28.7. Emerging Players
  • 28.8. Import/Export Policies
  • 28.9. Compliance Requirements
  • 28.10. Emerging Investment Areas
  • 28.11. Major Ongoing Projects
  • 28.12. Market Size and Forecast
    • 28.12.1. Market Revenue, by Operation Type (2019-2032)
    • 28.12.2. Market Revenue, by Stage (2019-2032)
    • 28.12.3. Market Revenue, by End User (2019-2032)

Chapter 29. U.A.E. Market

  • 29.1. Overview
  • 29.2. Economic Indicators
  • 29.3. Regional Hotspots
  • 29.4. Growth Drivers
  • 29.5. Challenges and Barriers
  • 29.6. Competitive Strategies
  • 29.7. Emerging Players
  • 29.8. Import/Export Policies
  • 29.9. Compliance Requirements
  • 29.10. Emerging Investment Areas
  • 29.11. Major Ongoing Projects
  • 29.12. Market Size and Forecast
    • 29.12.1. Market Revenue, by Operation Type (2019-2032)
    • 29.12.2. Market Revenue, by Stage (2019-2032)
    • 29.12.3. Market Revenue, by End User (2019-2032)

Chapter 30. Company Profiles

Chapter 31. Appendix

  • 31.1. Sources and References
  • 31.2. Related Reports
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