Global Centrifugal Pump Market Size study & Forecast, by Operation Type (Electrical, Hydraulic, Air-Driven), by Stage (Single Stage, Multistage), by Type (Overhung Impeller, Vertically Suspended, Between Bearing), by End-user (Industrial, Commercial & Res

Global Centrifugal Pump Market Size study & Forecast, by Operation Type (Electrical, Hydraulic, Air-Driven), by Stage (Single Stage, Multistage), by Type (Overhung Impeller, Vertically Suspended, Between Bearing), by End-user (Industrial, Commercial & Residential) and Regional Analysis, 2023-2030

Global Centrifugal Pump Market is valued at approximately USD 38.76 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.90% over the forecast period 2023-2030. The centrifugal pump market refers to the global industry involved in the design, manufacture, and sale of centrifugal pumps. Centrifugal pumps are mechanical devices that use rotating impellers to increase the pressure and flow of fluid within a system. The major driving factors for the Global Centrifugal Pump Market are rising demand for water and wastewater management in developed countries and increasing construction activities of residential and commercial spaces. Moreover, rising investment in wastewater treatment plants and rapid urbanization are creating lucrative growth opportunities for the market over the forecast period 2023-2030.

As per the World Health Organization (WHO), by 2026, half of the world's population is predicted to reside in water-scarce regions. Consequently, there will be a significant expansion of water and wastewater treatment infrastructure across the globe in the upcoming years. This anticipated growth is expected to fuel the demand for centrifugal pumps. The cost-effective modular design of wastewater treatment facilities has led to a reduction in the initial investment required, making them an attractive option. Furthermore, these plants can be easily expanded as the need for increased capacity arises due to higher wastewater flow and treatment requirements. Along with this, in February 2019, Kemira, a global chemical company specializing in water treatment, launched its new anionic flocculant, Kemira Fennobind A100, for use in municipal and industrial wastewater treatment. The product is designed to improve floc formation and settling rates, leading to more efficient and effective wastewater treatment. Similarly, in April 2020, SNF Floerger, a leading producer of water-soluble polymers, announced plans to expand its production capacity for anionic flocculants in Asia. The company cited strong demand for these products from the region's growing wastewater treatment market as the reason for the expansion. However, the high cost of Centrifugal Pumps stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Centrifugal Pump Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The North American centrifugal pump market is dominating due to the growing demand for water and wastewater treatment, as well as the expansion of the oil and gas industry in the region. The United States and Canada are the major markets in this region. The Asia-Pacific region is projected to be the fastest-growing market for centrifugal pumps due to the increasing population, urbanization, and industrialization in emerging economies like China and India. The region also experiences water scarcity, which is expected to drive the demand for water treatment facilities and centrifugal pumps.

Major market players included in this report are:
Grundfos (Denmark)
Xylem (US)
KSB (Germany)
Flowserve (US)
Sulzer (Switzerland)
Wilo (Germany)
Weir (UK)
ITT Corporation (US)
CIRCOR International (US)
Baker Hughes (A GE Company) (US)

Recent Developments in the Market:
In November 2020, Sulzer received a contract from Ringkøbing-Skjern Forsyning A/S, a Danish water utility, to provide pumps for a flood defense project. The project involves the construction of two new pumping stations to combat rising water levels caused by rain, drainage, and cloudburst water. Sulzer will supply one XFP baseload pump and three VUPX peak load pumps for the Ringkøbing pumping station, and one XFP baseload pump and four VUPX peak load pumps for the Skælbækker station.
In May 2020, Wilo established a new headquarters and production facility in Cedarburg, Wisconsin, USA, expanding its presence. The new facility will combine the operations of Wilo USA, Weil Pump, Scot Pump, and Wilo Machine Co. into a single production site.

Global Centrifugal Pump Market Report Scope:
Historical Data – 2020 - 2021
Base Year for Estimation – 2022
Forecast period - 2023-2030
Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered - Operation type, Stage, Type, End-user, Region
Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Operation type offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Operation type:
Electrical
Hydraulic
Air-Driven

By Stage:
Single Stage
Multistage

By Type:
Overhung Impeller
Vertically Suspended
Between Bearing

By End-user:
Industrial
Commercial
Residential

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Grundfos (Denmark)
Xylem (US)
KSB (Germany)
Flowserve (US)
Sulzer (Switzerland)
Wilo (Germany)
Weir (UK)
ITT Corporation (US)
CIRCOR International (US)
Baker Hughes (A GE Company) (US)

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