Global Centrifugal Pump Market Growth 2023-2029

Global Centrifugal Pump Market Growth 2023-2029

Centrifugal pumps are a sub-class of dynamic axisymmetric work-absorbing turbo machinery. Centrifugal pumps are used to transport fluids by the conversion of rotational kinetic energy to the hydrodynamic energy of the fluid flow. The rotational energy typically comes from an engine or electric motor. The fluid enters the pump impeller along or near to the rotating axis and is accelerated by the impeller, flowing radially outward into a diffuser or volute chamber (casing), from where it exits. Common uses include water, sewage, petroleum and petrochemical pumping.

LPI (LP Information)' newest research report, the “Centrifugal Pump Industry Forecast” looks at past sales and reviews total world Centrifugal Pump sales in 2022, providing a comprehensive analysis by region and market sector of projected Centrifugal Pump sales for 2023 through 2029. With Centrifugal Pump sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Centrifugal Pump industry.

This Insight Report provides a comprehensive analysis of the global Centrifugal Pump landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Centrifugal Pump portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Centrifugal Pump market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Centrifugal Pump and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Centrifugal Pump.

The global Centrifugal Pump market size is projected to grow from US$ 31180 million in 2022 to US$ 38370 million in 2029; it is expected to grow at a CAGR of 38370 from 2023 to 2029.

Global Centrifugal Pump key players include Grundfos, KSB, Sulzer, Ebara, Schlumberger, etc. Global top five manufacturers hold a share over 5%.

China is the largest market, with a share about 60%, followed by Europe, and North America, both have a share over 30 percent.

In terms of product, Mixed or Radial Flow Pumps is the largest segment, with a share over 60%. And in terms of application, the largest application is Domestic water and wastewater, followed by Petroleum Industrial, Chemical Industrial, Mining Industrial, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Centrifugal Pump market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Axial Flow Pumps

Mixed or Radial Flow Pumps

Peripheral Pumps

Jet Pumps

Segmentation by application

Domestic Water And Wastewater

Petroleum Industrial

Chemical Industrial

Food And Beverage

Mining Industrial

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Grundfos

Flowserve

ITT

KSB

Sulzer

Ebara

Schlumberger

Weir Group

Wilo AG

Idex

Pentair

Clyde Union

Vano

Atlas Copco

DAB

FNS Pumps

Allweiler

Shanghai Kaiquan

FengQiu

Shandong Sure Boshan

LEO

CNP

Sanlian Pump Group

Hunan Changbeng

Shanghai East Pump

Shandong Shuanglun

Key Questions Addressed in this Report

What is the 10-year outlook for the global Centrifugal Pump market?

What factors are driving Centrifugal Pump market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Centrifugal Pump market opportunities vary by end market size?

How does Centrifugal Pump break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.