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PUBLISHER: IMARC | PRODUCT CODE: 1370241
PUBLISHER: IMARC | PRODUCT CODE: 1370241
Centrifugal Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Abstract
Market Overview 2023-2028:
The global centrifugal pump market size reached US$ 30.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 41.0 Billion by 2028, exhibiting a growth rate (CAGR) of 4.3% during 2023-2028.
A centrifugal pump is a mechanical device that is designed to increase the pressure of fluids during transportation. It converts the rotational kinetic energy to hydrodynamic energy, which is used for accelerating fluids, such as chemicals, water, wastewater, sludge treatment liquids, bleaches, oil and resins. The fluid enters the pump impeller, which is placed near the rotating axis and is accelerated and moved radially into a diffuser, from where it exits. Some of the common types of centrifugal pumps include single-stage, multi-stage, axial, submersible, circular flow and mixed flow pumps. These pumps offer steady delivery, convenience for operation, vertical or horizontal mounting, high-speed movements and minimal maintenance requirements.
Rapid industrialization, along with increasing product demand from the wastewater treatment sector, is among the key factors driving the growth of the market. Furthermore, the growing need to replace existing industrial pumps in the pharmaceutical and food and beverage industries is also providing a boost to the market growth. In line with this, there is widespread product adoption in the oil and gas industry for conducting exploratory activities in offshore and deep-water fields across the globe. Additionally, various technological advancements, such as the development of 3D printed impellers and the utilization of modeling software, is acting as another growth-inducing factor. These advancements aid in enhancing the performance of the pumps, minimizing production costs and delivering a higher flow rate and outlet pressure. Other factors, including the growing demand for energy-efficient centrifugal pumps and increasing investments for desalination in industrial plants, are projected to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global centrifugal pump market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on impeller type, stage, flow type, capacity and end-user.
Breakup by Impeller Type:
Overhung Impeller
Vertically Suspended
Between Bearing
Breakup by Stage:
Single Stage Pump
Two Stage Pump
Multi-Stage Pump
Breakup by Flow Type:
Axial Flow Pumps
Radial Flow Pumps
Mixed Flow Pumps
Breakup by Capacity:
Small Capacity
Medium Capacity
High Capacity
Breakup by End-User:
Chemicals
Oil and Gas
Power Generation
Construction
Pharmaceuticals
Food and Beverages
Metals and Mining
Water and Wastewater
Others
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being Baker Hughes (A GE Company), Circor International Inc., Ebara Corporation, Flowserve, Grundfos Holding, ITT Corporation, Pentair Inc., Someflu, Tsurumi Manufacturing Co. Ltd., Weir, Wilo SE, Xylem Inc., etc.
Key Questions Answered in This Report:
- How has the global centrifugal pump market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What has been the impact of COVID-19 on the global centrifugal pump market?
- What is the breakup of the market based on the impeller type?
- What is the breakup of the market based on the stage?
- What is the breakup of the market based on the flow type?
- What is the breakup of the market based on the capacity?
- What is the breakup of the market based on the end-user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global centrifugal pump market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A2183
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Centrifugal Pump Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Impeller Type
- 6.1 Overhung Impeller
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Vertically Suspended
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Between Bearing
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Stage
- 7.1 Single Stage Pump
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Two Stage Pump
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Multi-Stage Pump
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Flow Type
- 8.1 Axial Flow Pumps
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Radial Flow Pumps
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Mixed Flow Pumps
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Capacity
- 9.1 Small Capacity
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Medium Capacity
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 High Capacity
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
10 Market Breakup by End-User
- 10.1 Chemicals
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Oil and Gas
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
- 10.3 Power Generation
- 10.3.1 Market Trends
- 10.3.2 Market Forecast
- 10.4 Construction
- 10.4.1 Market Trends
- 10.4.2 Market Forecast
- 10.5 Pharmaceuticals
- 10.5.1 Market Trends
- 10.5.2 Market Forecast
- 10.6 Food and Beverages
- 10.6.1 Market Trends
- 10.6.2 Market Forecast
- 10.7 Metals and Mining
- 10.7.1 Market Trends
- 10.7.2 Market Forecast
- 10.8 Water and Wastewater
- 10.8.1 Market Trends
- 10.8.2 Market Forecast
- 10.9 Others
- 10.9.1 Market Trends
- 10.9.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.1.1 United States
- 11.2 Asia Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.2.1 China
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.3.1 Germany
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.4.1 Brazil
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 Baker Hughes (A GE Company)
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.2 Circor International, Inc.
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.2.3 Financials
- 16.3.2.4 SWOT Analysis
- 16.3.3 Ebara Corporation
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.3.3 Financials
- 16.3.3.4 SWOT Analysis
- 16.3.4 Flowserve
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.4.3 Financials
- 16.3.4.4 SWOT Analysis
- 16.3.5 Grundfos Holding
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.5.3 Financials
- 16.3.5.4 SWOT Analysis
- 16.3.6 ITT Corporation
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.7 Pentair Inc.
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.8 Someflu
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.8.3 Financials
- 16.3.9 Tsurumi Manufacturing Co. Ltd.
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.9.3 Financials
- 16.3.10 Weir
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.11 Wilo SE
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.11.3 Financials
- 16.3.12 Xylem Inc.
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
- 16.3.12.3 Financials
- 16.3.12.4 SWOT Analysis
- 16.3.1 Baker Hughes (A GE Company)
Product Code: SR112023A2183
List of Figures
- Figure 1: Global: Centrifugal Pump Market: Major Drivers and Challenges
- Figure 2: Global: Centrifugal Pump Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Centrifugal Pump Market: Breakup by Impeller Type (in %), 2022
- Figure 4: Global: Centrifugal Pump Market: Breakup by Stage (in %), 2022
- Figure 5: Global: Centrifugal Pump Market: Breakup by Flow Type (in %), 2022
- Figure 6: Global: Centrifugal Pump Market: Breakup by Capacity (in %), 2022
- Figure 7: Global: Centrifugal Pump Market: Breakup by End-User (in %), 2022
- Figure 8: Global: Centrifugal Pump Market: Breakup by Region (in %), 2022
- Figure 9: Global: Centrifugal Pump Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 10: Global: Centrifugal Pump (Overhung Impeller) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Centrifugal Pump (Overhung Impeller) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Centrifugal Pump (Vertically Suspended) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Centrifugal Pump (Vertically Suspended) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Centrifugal Pump (Between Bearing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Centrifugal Pump (Between Bearing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Centrifugal Pump (Single Stage Pump) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Centrifugal Pump (Single Stage Pump) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Centrifugal Pump (Two Stage Pump) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Centrifugal Pump (Two Stage Pump) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Centrifugal Pump (Multi-Stage Pump) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Centrifugal Pump (Multi-Stage Pump) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Centrifugal Pump (Axial Flow Pumps) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Centrifugal Pump (Axial Flow Pumps) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Centrifugal Pump (Radial Flow Pumps) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Centrifugal Pump (Radial Flow Pumps) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Centrifugal Pump (Mixed Flow Pumps) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Centrifugal Pump (Mixed Flow Pumps) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Centrifugal Pump (Small Capacity) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Centrifugal Pump (Small Capacity) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Centrifugal Pump (Medium Capacity) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Centrifugal Pump (Medium Capacity) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Centrifugal Pump (High Capacity) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Centrifugal Pump (High Capacity) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Centrifugal Pump (Chemicals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Centrifugal Pump (Chemicals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Centrifugal Pump (Oil and Gas) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Centrifugal Pump (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: Centrifugal Pump (Power Generation) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: Centrifugal Pump (Power Generation) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Global: Centrifugal Pump (Construction) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Global: Centrifugal Pump (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Global: Centrifugal Pump (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Global: Centrifugal Pump (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Global: Centrifugal Pump (Food and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Global: Centrifugal Pump (Food and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Global: Centrifugal Pump (Metals and Mining) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Global: Centrifugal Pump (Metals and Mining) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Global: Centrifugal Pump (Water and Wastewater) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Global: Centrifugal Pump (Water and Wastewater) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: Global: Centrifugal Pump (Others) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: Global: Centrifugal Pump (Others) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: North America: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: North America: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: United States: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: United States: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Canada: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Canada: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: Asia Pacific: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: Asia Pacific: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: China: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: China: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: Japan: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: Japan: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: India: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: India: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: South Korea: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: South Korea: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Australia: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Australia: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Indonesia: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Indonesia: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Others: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Others: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Europe: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Europe: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: Germany: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: Germany: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: France: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: France: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: United Kingdom: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: United Kingdom: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Italy: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Italy: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Spain: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Spain: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Russia: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 87: Russia: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Others: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 89: Others: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 90: Latin America: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 91: Latin America: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 92: Brazil: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 93: Brazil: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 94: Mexico: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 95: Mexico: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 96: Others: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 97: Others: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 98: Middle East and Africa: Centrifugal Pump Market: Sales Value (in Million US$), 2017 & 2022
- Figure 99: Middle East and Africa: Centrifugal Pump Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 100: Global: Centrifugal Pump Industry: SWOT Analysis
- Figure 101: Global: Centrifugal Pump Industry: Value Chain Analysis
- Figure 102: Global: Centrifugal Pump Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Centrifugal Pump Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Centrifugal Pump Market Forecast: Breakup by Impeller Type (in Million US$), 2023-2028
- Table 3: Global: Centrifugal Pump Market Forecast: Breakup by Stage (in Million US$), 2023-2028
- Table 4: Global: Centrifugal Pump Market Forecast: Breakup by Flow Type (in Million US$), 2023-2028
- Table 5: Global: Centrifugal Pump Market Forecast: Breakup by Capacity (in Million US$), 2023-2028
- Table 6: Global: Centrifugal Pump Market Forecast: Breakup by End-User (in Million US$), 2023-2028
- Table 7: Global: Centrifugal Pump Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 8: Global: Centrifugal Pump Market Structure
- Table 9: Global: Centrifugal Pump Market: Key Players
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