Chat with us, powered by LiveChat

Centrifugal Pump Market

Centrifugal Pump Market Size, Share, and Analysis, By Type (Vertically Suspended, Between Bearing, Overhung Impeller and Others), By Stage (Single Stage, Multistage), By Operation (Electrical, Hydraulic and Air Driven), By End User (Industrial, Commercial & Residential) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

Published on: Jun-2024
Report Code: FG EP 02016
No. of Pages: 170-350
Report Format: PDF

Centrifugal Pump Market is estimated to grow at a CAGR of 5.3% in the forecast period (2024-2034), with the market size valued at USD 37.1 billion in 2023 and estimated to reach USD 65.2 billion by 2034.

Product Overview

Centrifugal Pump is a dynamic device which is used in order to transport fluids by converting mechanical energy to kinetic energy with the assistance of a motor or engine. These pumps work under the law of centrifugal force, where the rotation of an impeller within a pump generates centrifugal force, making the fluid move outward from the centre of rotation. Centrifugal pumps find applications across various industrial verticals including water supply, wastewater solutions, chemical processing and oil and gas, due to their efficiency, flexibility and consistency. Added to that, their ability to handle vast volumes of fluids and adapt to changing conditions make them crucial for a wide range of industries, strengthening their place in modern industry.

Market Highlights

Centrifugal Pump Market is expected to exhibit a CAGR of 5.3% during the forecast period, 2024-2034

Centrifugal Pump Market is anticipated to reach USD 65.2 billion, growing at a CAGR of 5.3% during the forecast period due to the increasing industrialization, urbanization and growing demand for water and wastewater management solutions. Further, the expansion of the oil and gas industries, where centrifugal pumps are used for fluid transfer, contributes to market growth. These pumps are preferred for their efficiency, capacity to handle enormous fluid volumes, and low maintenance requirements. Pump technological advancements, such as increased energy efficiency and the incorporation of smart sensors for performance monitoring, contribute to their growing popularity. As we move forward, the continued infrastructural growth around the world, as well as increased environmental restrictions, are expected to augment demand for centrifugal pumps.

Source: Fatpos Global

Centrifugal Pump Market Segmentation

Between bearing pumps have been leading the centrifugal pump market due to their superior stability and enhanced shaft support

Centrifugal Pump Market based on Type is categorized into Vertically Suspended, Between Bearing, Overhung Impeller and Others. Between Bearing Pumps segment has emerged as the leading forerunner in the market due to its unique design including bearings situated on both sides of the impeller, offering significantly stronger support compared to the single-ended support of overhung impellers. With a balanced shaft design, it effectively reduces shaft bend, ensuring smoother operation and minimizing wear on bearings and seals. This quality is critical for ensuring long-term reliability, especially in high-pressure environments. Additionally, the dual bearing configuration permits the utilization of larger impellers, enabling Between Bearing pumps to achieve higher flow rates compared to overhung designs. In addition, the durable structure of Between Bearing Pumps makes them ideal for heavy-duty applications in a variety of industries, including oil refining, power generation, and water treatment.

Single Stage Centrifugal Pumps have been prominent the market due to simpler design and lower costs

Centrifugal Pumps are classified based on Stage into Single Stage and Multi Stage Pumps. Single stage pumps have a simpler design with a single impeller, making them more cost-effective to manufacture and maintain compared to multi-stage pumps. Their simple construction translates to lower production and maintenance expenses relative to their multi-stage counterparts. These pumps find extensive use in residential and commercial settings where lower pressure requirements are common, making them ideal for tasks such as water transfer, irrigation, and pool circulation. Also, single stage pumps offer high efficiency at lower flow rates, making them an energy-efficient option across various applications. Single stage pumps' operational simplicity improves its reliability by lowering the likelihood of mechanical failure and the resulting downtime for maintenance. Furthermore, their ability to work quietly and with minimal vibration makes them ideal in areas where noise reduction is important.

Market Dynamics

Growth Drivers

Rising Industrial Growth Has Been Effective for the Positive Growth of Centrifugal Pump Market

Centrifugal Pump Market has been significantly benefitting from the increased production needs as industries expand, demanding the efficient transfer of fluids such as coolants, process liquids, and wastewater. Various diverse applications across sectors such as manufacturing, mining, and chemicals have been essential and important in driving the overall demand for specialized centrifugal pumps which are made in order to handle specific requirements such as sanitary liquids in the food and beverage industry or corrosive fluids in the chemical sector.  While, the growing focus on automation in industries also highlights the importance of more reliable and effective pumps for operating automated process effectively. These pumps also serve as an integral component in many automated systems for better fluid transfer and control.

Urbanization and Infrastructural Development in Various Countries Have Been Pivotal in Boosting the Overall Growth in the Market Sphere.  

Rapid pace of urbanization and infrastructure development presents significant challenges and opportunities for centrifugal pumps. Urban populations' increasing water demand creates tensions on the existing resources, requiring the crucial role of centrifugal pumps in pumping water from treatment plants to fulfil the cities' growing need for clean water. Efficient wastewater management becomes vital with increasing urbanization, where centrifugal pumps are crucial throughout the treatment process, enabling the transport of raw sewage and the transfer of treated water for safe discharge. Centrifugal pumps have been labelled as essential  in storm drain systems by removing excess rainwater from streets, thus mitigating flood risks and ensuring urban flexibility against complex weather conditions.


High Operational and Maintenance Costs Pose a Significant Challenge for the Centrifugal Market

Cost Sensitivity can pose a significant challenge to the Centrifugal Pump market, these costs can lead to reduced profit margins, as ongoing expenses affects the business finances, delaying investment in new pumps or upgrades. Buyers increasingly consider the total lifecycle cost of pumps, with high operation & maintenance costs making certain options less attractive despite their lower initial prices. Infrastructure projects have been facing challenges in planning for O&M expenses, potentially leading to delays or cost overruns. Alternatively, manufacturers are developing more efficient pumps, integrating smart pump technology for predictive maintenance and using high quality materials to improve the overall pump lifespan and reduce any form of maintenance needs. 

Recent Developments

  • In 2023, Sulzer Ltd., launched a new series of high-efficient centrifugal pumps which are specially designed for industrial applications which require reliable and energy efficient pumping solutions. They also acquired a smaller pump manufacturing company which specializes in niche market products.
  • In 2023, Grundfos, introduced a new line of multi-stage pumps with enhanced performance and durability for water supply use. They also entered a joint venture with a technology company to develop better smart pump systems.
  • In 2023, Xylem Inc., launched a new submersible pump series which are designed for dewatering applications in construction, mining, and municipal projects.
  • In 2023, Flowserve announced the development of next generation centrifugal pump platform using advanced materials for better designs and innovations. They have also entered into successful a partnership with a digital solutions provider in order to integrate better predictive maintenance and analysis.
  • In 2023, KSB Group launched a new series of pumps which are used in different chemical processing industry, consisting of corrosion-resistant materials and better sealing technology.

Centrifugal Pump Market

Key Players:

  • Sulzer Ltd.
  • Grundfos
  • Xylem Inc.
  • Flowserve Corporation
  • KSB Group
  • ITT Goulds Pumps
  • Ebara Corporation
  • Weir Group PLC
  • Wilo SE
  • Tsurumi Pump
  • Ruhrpumpen Group
  • Pentair plc
  • Kirloskar Brothers Limited
  • Baker Hughes
  • Schlumberger Limited
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Regional Analysis

Centrifugal Pump Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. In the current market scenario, Asia Pacific region has been the dominating market region with countries like China and India experiencing significant industrial growth, directly influencing demand for pumps in various different sectors such as manufacturing, power generation and oil & gas. The region being the largest agricultural producers are focusing on further increasing their agriculture output, directly enhancing the overall demand for pumps used for irrigation purposes.

Other regions such as North America and Europe also hold substantial shares given by industries such as oil and gas, water treatment and manufacturing. While, Latin America and the Middle East & Africa have also contributed to the market, with ongoing industrial growth and necessary infrastructural development activities. 

Source: Fatpos Global

Impact of Covid-19 on Centrifugal Pump Market

The Covid-19 pandemic had a mixed impact on the centrifugal pump market which resulted in both negatives and positive effects. Negative impacts such as disruption in overall supply chain, reduced demand from certain industries such as oil & gas and construction which effected the overall performance of corporations operating in the market by lowering profit margins and less investments coming form investors. However, there were some advantages, such as a greater emphasis on hygiene, which might lead to higher demand for water and wastewater treatment pumps. In addition, the rise of e-commerce potentially contributed to increased demand for pumps in logistics and industrial processes. While the pandemic caused short term disruptions in market growth, it also saw a rebound with further enhanced growth in recent years.  

Centrifugal Pump Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Centrifugal Pump Market Scope and Segments:



Study Period


Base Year


Forecast Period


Historical Period


Growth Rate

CAGR of 5.3% from 2024-2034


Value (USD Billion)


Main Segments List

By Type

  • Vertically Suspended
  • Between Bearing
  • Overhung Impeller
  • Others

By Stage

  • Single Stage
  • Multistage

By Operation

  • Electrical
  • Hydraulic
  • Air Driven

By End User

  • Industrial
  • Commercial
  • Residential

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions (FAQ):

Centrifugal Pump Market size was values at USD 37.1 billion in 2023 and is projected to reach the value of USD 65.2 billion in 2034, exhibiting a CAGR of 5.3% during the forecast period.

The Centrifugal Pump Market covers a range of pumps that use rotational kinetic energy to move fluids through a system. These pumps are prevalent in industries such as water treatment, chemicals, oil and gas, and agriculture. They are valued for their efficiency, reliability, and ability to handle large volumes of fluid.

The Between Bearing Segment and Single Stage segment accounted for the largest Centrifugal Pump Market share.

Key players in the Centrifugal Pump Market include Sulzer Ltd., Grundfos, Xylem Inc., Flowserve Corporation, KSB Group, ITT Goulds Pumps, Ebara Corporation, Weir Group PLC, Wilo SE, Tsurumi Pump, Ruhrpumpen Group, Pentair plc, Kirloskar Brothers Limited, Baker Hughes, Schlumberger Limited. and Other Prominent Players.

Industrialization, Urbanization, increasing water demand, wastewater management needs, and the expansion of various end-use industries are the factors driving the Centrifugal Pump Market.

Select License Type


Report accessible by 1 user only

In case you require a hard copy, there will be an additional charge of $500. Please email us at with your request

Call us

Research Assistance

US : +1 (716) 218-3733
UK : +44 (208) 1235555

Select License Type


Report accessible by 1 user only

Sample Request

Client Testimonials