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), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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.

The global centrifugal pump market is estimated to account for US$ 58,378.6 Mn in terms of value by the end of 2030.

Market Dynamics

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.

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 (2022-2030), 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
• Ruhrpumpen Group
• KSB AG
• Xylem Inc.
• Flowserve Corporation
• Wilo SE
• Sulzer AG
• Weir Group plc
• Ebara Corporation
• Grundfos AG

“*” marked represents similar segmentation in other categories in the respective section.