Centrifugal Pump Market Report: Trends, Forecast and Competitive Analysis to 2030

Centrifugal Pump Market Report: Trends, Forecast and Competitive Analysis to 2030

Centrifugal Pump Trends and Forecast

The future of the global centrifugal pump market looks promising with opportunities in the industrial, commercial, and residential markets. The global centrifugal pump market is expected to reach an estimated $52.5 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are increasing demand for this pump in agricultural sector, rising number of home and business building, and escalating adoption of solar water pumps.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Centrifugal Pump by Segment

The study includes a forecast for the global centrifugal pump by type, operation type, stage, end use, and region.

Centrifugal Pump Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Overhung Impeller
• Between Bearing
• Vertically Suspended

Centrifugal Pump Market by Operation Type [Shipment Analysis by Value from 2018 to 2030]:

• Electrical
• Hydraulic
• Air-Driven

Centrifugal Pump Market by Stage [Shipment Analysis by Value from 2018 to 2030]:

• Single Stage
• Multistage

Centrifugal Pump Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Industrial
• Commercial
• Residential

Centrifugal Pump Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Centrifugal Pump Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies centrifugal pump companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the centrifugal pump companies profiled in this report include-

• Grundfos
• Flowserve
• KSB
• Xylem
• Sulzer
• Wilo
• ITT
• CIRCOR International
• EBARA
• Weir

Centrifugal Pump Market Insights

Lucintel forecasts that overhung impeller is expected to witness highest growth over the forecast period due to its diverse configurations and compact nature making it highly versatile and well-suited for various industries.

Within this market, industrial will remain the largest segment over the forecast period.

APAC is expected to witness highest growth over the forecast period due to continual population growth, increasing demand for food production, and presence of key manufacturing sectors in the region.

Features of the Global Centrifugal Pump Market

Market Size Estimates: Centrifugal pump market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Centrifugal pump market by various segments, such as by type, operation type, stage, end use and region in terms of($B).

Regional Analysis: Centrifugal pump market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different , type, operation type, stage, end use, and regions for the centrifugal pump market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the centrifugal pump market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the centrifugal pump market size?

Answer: The global centrifugal pump market is expected to reach an estimated $52.5 billion by 2030.

Q.2 What is the growth forecast for centrifugal pump market?

Answer: The global centrifugal pump market is expected to grow with a CAGR of 5.3% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the centrifugal pump market?

Answer: The major drivers for this market are increasing demand for this pump in agricultural sector, rising number of home and business building, and escalating adoption of solar water pumps .

Q4. What are the major segments for centrifugal pump market?

Answer: The future of the centrifugal pump market looks promising with opportunities in the industrial, commercial, and residential markets.

Q5. Who are the key centrifugal pump market companies?

Answer: Some of the key centrifugal pump companies are as follows:

• Grundfos
• Flowserve
• KSB
• Xylem
• Sulzer
• Wilo
• ITT
• CIRCOR International
• EBARA
• Weir

Q6. Which centrifugal pump market segment will be the largest in future?

Answer: Lucintel forecasts that overhung impeller is expected to witness highest growth over the forecast period due to its diverse configurations and compact nature making it highly versatile and well-suited for various industries.

Q7. In centrifugal pump market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to continual population growth, increasing demand for food production, and presence of key manufacturing sectors in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the centrifugal pump market by type (overhung impeller, between bearing, and vertically suspended), operation type (electrical, hydraulic, and air-driven), stage (single stage and multistage), end use (industrial, commercial, and residential), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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