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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.
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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?
For any questions related to Centrifugal Pump Market, Centrifugal Pump Market Size, Centrifugal Pump Market Growth, Centrifugal Pump Market Analysis, Centrifugal Pump Market Report, Centrifugal Pump Market Share, Centrifugal Pump Market Trends, Centrifugal Pump Market Forecast, Centrifugal Pump Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Centrifugal Pump Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Centrifugal Pump Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Centrifugal Pump Market by Type
3.3.1: Overhung Impeller
3.3.2: Between Bearing
3.3.3: Vertically Suspended
3.4: Global Centrifugal Pump Market by Operation Type
3.4.1: Electrical
3.4.2: Hydraulic
3.4.3: Air-Driven
3.5: Global Centrifugal Pump Market by Stage
3.5.1: Single Stage
3.5.2: Multistage
3.6: Global Centrifugal Pump Market by End Use
3.6.1: Industrial
3.6.2: Commercial
3.6.3: Residential
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Centrifugal Pump Market by Region
4.2: North American Centrifugal Pump Market
4.2.2: North American Centrifugal Pump Market by End Use: Industrial, Commercial, and Residential
4.3: European Centrifugal Pump Market
4.3.1: European Centrifugal Pump Market by Type: Overhung Impeller, Between Bearing, and Vertically Suspended
4.3.2: European Centrifugal Pump Market by End Use: Industrial, Commercial, and Residential
4.4: APAC Centrifugal Pump Market
4.4.1: APAC Centrifugal Pump Market by Type: Overhung Impeller, Between Bearing, and Vertically Suspended
4.4.2: APAC Centrifugal Pump Market by End Use: Industrial, Commercial, and Residential
4.5: ROW Centrifugal Pump Market
4.5.1: ROW Centrifugal Pump Market by Type: Overhung Impeller, Between Bearing, and Vertically Suspended
4.5.2: ROW Centrifugal Pump Market by End Use: Industrial, Commercial, and Residential
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Centrifugal Pump Market by Type
6.1.2: Growth Opportunities for the Global Centrifugal Pump Market by Operation Type
6.1.3: Growth Opportunities for the Global Centrifugal Pump Market by Stage
6.1.4: Growth Opportunities for the Global Centrifugal Pump Market by End Use
6.1.5: Growth Opportunities for the Global Centrifugal Pump Market by Region
6.2: Emerging Trends in the Global Centrifugal Pump Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Centrifugal Pump Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Centrifugal Pump Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Grundfos
7.2: Flowserve
7.3: KSB
7.4: Xylem
7.5: Sulzer
7.6: Wilo
7.7: ITT
7.8: CIRCOR International
7.9: EBARA
7.10: Weir
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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