Centrifugal Pump Market, By Product Type (Single-stage Pump, Multi-stage Pump, Axial & Mixed Flow Pump, Submersible Pump and Sealless & Circulator Pumps), By Capacity(HP) (High, Medium and Low), By End Use (Industrial (Chemicals, Water & Wastewater Treatm

Centrifugal Pump Market, By Product Type (Single-stage Pump, Multi-stage Pump, Axial & Mixed Flow Pump, Submersible Pump and Sealless & Circulator Pumps), By Capacity(HP) (High, Medium and Low), By End Use (Industrial (Chemicals, Water & Wastewater Treatment, Power, Oil & Gas, Pharmaceuticals, Food & Beverages and Others), Agricultural and Domestic) and by Region (North America, Europe, Asia Pacific, RoW) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Centrifugal pumps are the devices which are used to convert rotational kinetic energy into hydrodynamic energy. These rotational energy basically comes from the electric motor or from an engine. Cetrifugal pumps are used in petroleum pumping, water pumping and sewage water pumping. Innovations in technologies such as 3D printed impellers have brought revolution in the centrifugal industry. These pumps are also used for the transportation of oil. Centrifugal pumps are the most widely used type of pump and are widely preferred over other pumps due to their design simplicity, large capacity, smooth flow rate, ease of maintenance and operational efficiency.
Market Dynamic
Increasing demand from oil and gas sector is expected to drive growth of centrifugal pump market over the forecast period. This is attributed to high demand of centrifugal pumps in oil and gas sectors to pump oil and petroleum products, gases and fluid during the operations. The upsurge in the development of oil and gas infrastructure is expected to boost the demand of this market. The increasing demand of crude oil is also driving the demand for the oil infrastructures. There are several downstream projects that are lined up from many regions such as Asia-Pacific, Middle East & Africa. This, in turn, increases is expected to create demand for centrifugal pump from these regions. For instance, in 2018, China is expected to have 240 plants with a total capacity of around 100 MTPA, by 2026. The capital expenditure for the projects in China accounted for about US$ 52000 million.
The demand for centrifugal pumps has increased significantly in the recent past, owing to rising infrastructure development across the globe. Governments of developing countries such as China and India are focusing on urbanization, which in turn, is expected to fuel demand for centrifugal pumps, particularly in water & wastewater treatment industries. For instance, in 2015, the Government of China targeted urban wastewater infrastructure investments of around US$ 60,000 million. These factors are expected to drive growth of the global centrifugal pump market during the forecast period.
Market Taxonomy
This report segments the global centrifugal pump market on the basis of product type, capacity (HP), end use and region. On the basis of product type, the global centrifugal pump market is segmented into Single-stage Pump, Multi-stage Pump, Axial & Mixed Flow Pump, Submersible Pump and Sealless & Circulator Pumps). On the basis capacity (HP), the global centrifugal pump market is segmented into high, medium and low. On the basis of end use, the global centrifugal pump market is segmented into Industrial (Chemicals, Water & Wastewater Treatment, Power, Oil & Gas, Pharmaceuticals, Food & Beverages and Others), Agricultural and Domestic. On the basis of region, the global centrifugal pump market is segmented into North America, Europe, Asia Pacific, ROW.
Key features of the study:
This report provides an in-depth analysis of the global centrifugal pump market and provides market size (US$ million) and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
It profiles leading players in the global centrifugal pump market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered in the global centrifugal pump market are ITT Corporation, Ruhrpumpen Group, KSB AG, Xylem Inc., Flowserve Corporation, Wilo SE, Sulzer AG, Weir Group plc, Ebara Corporation, and Grundfos AG.
The market players are focusing on strategic collaborations to innovate and launch new products to meet the increasing needs and requirements of consumers.
Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
The global centrifugal pump market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the global centrifugal pump market.
Detailed Segmentation:
Global Centrifugal Pump Market, By Product Type:
Single-stage Pump
Multi-stage Pump
Axial & Mixed Flow Pump
Submersible Pump
Sealless & Circulator Pumps
Global Centrifugal Pump Market, By Capacity(HP):
High
Medium
Low
Global Centrifugal Pump Market, By End use:
Industrial
Chemicals
Water & Wastewater Treatment
Power
Oil & Gas
Pharmaceuticals
Food & Beverages
Others
Agricultural
Domestic
Global Centrifugal Pump Market, By Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Company Profiles
ITT Corporation*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Ruhrpumpen Group
KSB AG
Xylem Inc.
Flowserve Corporation
Wilo SE
Sulzer AG
Weir Group plc
Ebara Corporation
Grundfos AG
*Browse all the market data tables and figures on “Global Centrifugal Pump Market- Forecast to 2027”