Centrifugal Pump Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type, By Impeller Type, By Operation Type, By Stage, By End User (Commercial, Residential, Industrial ), By Region & Competition, 2021-2031F

Description

The Global Centrifugal Pump Market is projected to expand from USD 43.91 Billion in 2025 to USD 59.25 Billion by 2031, reflecting a CAGR of 5.12%. These mechanical devices, which function by converting rotational kinetic energy into hydrodynamic energy to transport fluids, are witnessing heightened demand due to the urgent need for effective water and wastewater management systems amidst rapid urbanization and population growth. Additionally, the steady progress of industrialization in developing economies, coupled with the persistent necessity for advanced irrigation methods in the agricultural sector, underpins a reliable baseline for capital investment in fluid handling infrastructure.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 43.91 Billion
Market Size 2031	USD 59.25 Billion
CAGR 2026-2031	5.12%
Fastest Growing Segment	Electric
Largest Market	Asia Pacific

However, the sector encounters significant hurdles arising from strict energy efficiency mandates, which elevate manufacturing expenses and require ongoing technical modifications to ensure compliance. Despite these regulatory pressures, emerging markets continue to offer substantial avenues for expansion, particularly in infrastructure development. For instance, data from the VDMA highlights that orders for large-scale plant engineering from Africa reached 2.4 billion euros in 2024, demonstrating the growing potential for fluid management initiatives in developing regions and suggesting that the industry can successfully balance regulatory challenges with geographical expansion.

Market Driver

The substantial development of water and wastewater treatment infrastructure serves as a major engine for market growth, driving the need for high-capacity fluid handling systems in both municipal and industrial settings. Utilities and governments are heavily investing in the modernization of aging networks and the construction of new facilities to address sanitation needs and water scarcity, requiring reliable pumps for processes such as desalination, filtration, and sewage transport. Illustrating this commitment, the regulator Ofwat proposed an 88 billion GBP spending package in July 2024 for water companies in England and Wales to execute vital infrastructure upgrades, translating into significant procurement opportunities for centrifugal units.

Simultaneously, the revival of upstream and downstream activities within the oil and gas sector is profoundly impacting market dynamics, as rising energy consumption prompts increased capital expenditure for extraction and refining enhancements. Centrifugal pumps are essential for these rigorous operations, handling crude transfer and injection in demanding environments. According to the International Energy Agency's June 2024 report, global upstream oil and gas investment is projected to rise by 7 percent to 570 billion USD in 2024, ensuring continued demand for high-pressure, API-compliant pumps. This strong industrial demand is reflected in the financial results of major players, such as Flowserve Corporation, which reported total bookings of 4.33 billion USD in its 2023 Annual Report.

Market Challenge

Rigorous energy efficiency mandates pose a formidable obstacle to the expansion of the Global Centrifugal Pump Market by inflating production costs and distorting competitive dynamics. Manufacturers are forced to direct substantial capital toward research and development to redesign hydraulic systems and incorporate advanced motor technologies, which inevitably raises unit production costs and final prices. This inflationary pressure can suppress demand, particularly within cost-conscious industrial sectors where initial expenditure is a critical factor, effectively retarding the uptake of compliant, high-efficiency pumping solutions.

Furthermore, the industry struggles with a significant disparity between regulatory standards and their actual enforcement, resulting in an uneven playing field. Manufacturers who strictly adhere to these costly standards frequently lose market share to lower-priced competitors that circumvent the rules. A 2024 study by the British Pump Manufacturers Association notably found that 85% of circulator pumps imported into the UK failed to meet current energy efficiency regulations. This widespread presence of non-compliant goods inhibits market growth by undermining the revenue of legitimate manufacturers and disincentivizing the continuous investment required for technological innovation.

Market Trends

The adoption of Industrial IoT and intelligent monitoring ecosystems is radically altering the Global Centrifugal Pump Market, moving the focus from pure hardware to comprehensive lifecycle management. Operators are increasingly deploying sensor-equipped pumps that leverage digital twin capabilities and real-time analytics to foresee mechanical failures, thereby reducing unplanned operational interruptions and enhancing energy efficiency. This shift is especially strong in water utilities and industrial sectors, as evidenced by Xylem Inc., which reported in February 2025 that its segment covering these smart technologies generated full-year revenue of 1.87 billion USD.

In parallel, the proliferation of solar-powered pumping systems is establishing a vital growth trajectory, particularly within agricultural and off-grid areas. These sustainable units offer distinct advantages over traditional diesel-powered alternatives, including lower operational costs and resilience against fuel price fluctuations, which supports global decarbonization objectives. Governments in developing nations are actively subsidizing these technologies to improve irrigation security, a trend clearly visible in India where the PM-KUSUM Yojana update in December 2025 confirmed that cumulative installations of solar pumps under the national scheme have surpassed 1 million units.

Key Market Players

Grundfos Holding A/S
Flowserve Corporation
Sulzer Ltd
Xylem Inc.
KSB SE & Co. KGaA
Ebara Corporation
ITT Corporation
Kirloskar Brothers Limited
The Weir Group PLC
Dover Corporation

Report Scope

In this report, the Global Centrifugal Pump Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Centrifugal Pump Market, By Type

Overhung Impeller
Vertically Suspended
Between Bearing

Centrifugal Pump Market, By Impeller Type

Open
Partially Open
Enclosed

Centrifugal Pump Market, By Operation Type

Electric
Hydraulic
Air Driven

Centrifugal Pump Market, By Stage

Single-Stage
Multi-Stage

Centrifugal Pump Market, By End User

Commercial
Residential
Industrial (Water and Wastewater, Chemicals, Oil & Gas, Power, Others)

Centrifugal Pump Market, By Region

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Centrifugal Pump Market.

Available Customizations:

Global Centrifugal Pump Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Centrifugal Pump Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Type (Overhung Impeller, Vertically Suspended, Between Bearing)
- 5.2.2. By Impeller Type (Open, Partially Open, Enclosed)
- 5.2.3. By Operation Type (Electric, Hydraulic, Air Driven)
- 5.2.4. By Stage (Single-Stage, Multi-Stage)
- 5.2.5. By End User (Commercial, Residential, Industrial (Water, Wastewater, Chemicals, Oil & Gas, Power, Others))
- 5.2.6. By Region
- 5.2.7. By Company (2025)
5.3. Market Map

6. North America Centrifugal Pump Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Impeller Type
- 6.2.3. By Operation Type
- 6.2.4. By Stage
- 6.2.5. By End User
- 6.2.6. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Centrifugal Pump Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Type
    - 6.3.1.2.2. By Impeller Type
    - 6.3.1.2.3. By Operation Type
    - 6.3.1.2.4. By Stage
    - 6.3.1.2.5. By End User
- 6.3.2. Canada Centrifugal Pump Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Type
    - 6.3.2.2.2. By Impeller Type
    - 6.3.2.2.3. By Operation Type
    - 6.3.2.2.4. By Stage
    - 6.3.2.2.5. By End User
- 6.3.3. Mexico Centrifugal Pump Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Type
    - 6.3.3.2.2. By Impeller Type
    - 6.3.3.2.3. By Operation Type
    - 6.3.3.2.4. By Stage
    - 6.3.3.2.5. By End User

7. Europe Centrifugal Pump Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Impeller Type
- 7.2.3. By Operation Type
- 7.2.4. By Stage
- 7.2.5. By End User
- 7.2.6. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Centrifugal Pump Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Type
    - 7.3.1.2.2. By Impeller Type
    - 7.3.1.2.3. By Operation Type
    - 7.3.1.2.4. By Stage
    - 7.3.1.2.5. By End User
- 7.3.2. France Centrifugal Pump Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Type
    - 7.3.2.2.2. By Impeller Type
    - 7.3.2.2.3. By Operation Type
    - 7.3.2.2.4. By Stage
    - 7.3.2.2.5. By End User
- 7.3.3. United Kingdom Centrifugal Pump Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Type
    - 7.3.3.2.2. By Impeller Type
    - 7.3.3.2.3. By Operation Type
    - 7.3.3.2.4. By Stage
    - 7.3.3.2.5. By End User
- 7.3.4. Italy Centrifugal Pump Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Type
    - 7.3.4.2.2. By Impeller Type
    - 7.3.4.2.3. By Operation Type
    - 7.3.4.2.4. By Stage
    - 7.3.4.2.5. By End User
- 7.3.5. Spain Centrifugal Pump Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Type
    - 7.3.5.2.2. By Impeller Type
    - 7.3.5.2.3. By Operation Type
    - 7.3.5.2.4. By Stage
    - 7.3.5.2.5. By End User

8. Asia Pacific Centrifugal Pump Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Impeller Type
- 8.2.3. By Operation Type
- 8.2.4. By Stage
- 8.2.5. By End User
- 8.2.6. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Centrifugal Pump Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Type
    - 8.3.1.2.2. By Impeller Type
    - 8.3.1.2.3. By Operation Type
    - 8.3.1.2.4. By Stage
    - 8.3.1.2.5. By End User
- 8.3.2. India Centrifugal Pump Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Type
    - 8.3.2.2.2. By Impeller Type
    - 8.3.2.2.3. By Operation Type
    - 8.3.2.2.4. By Stage
    - 8.3.2.2.5. By End User
- 8.3.3. Japan Centrifugal Pump Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Type
    - 8.3.3.2.2. By Impeller Type
    - 8.3.3.2.3. By Operation Type
    - 8.3.3.2.4. By Stage
    - 8.3.3.2.5. By End User
- 8.3.4. South Korea Centrifugal Pump Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Type
    - 8.3.4.2.2. By Impeller Type
    - 8.3.4.2.3. By Operation Type
    - 8.3.4.2.4. By Stage
    - 8.3.4.2.5. By End User
- 8.3.5. Australia Centrifugal Pump Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Type
    - 8.3.5.2.2. By Impeller Type
    - 8.3.5.2.3. By Operation Type
    - 8.3.5.2.4. By Stage
    - 8.3.5.2.5. By End User

9. Middle East & Africa Centrifugal Pump Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Impeller Type
- 9.2.3. By Operation Type
- 9.2.4. By Stage
- 9.2.5. By End User
- 9.2.6. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Centrifugal Pump Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Type
    - 9.3.1.2.2. By Impeller Type
    - 9.3.1.2.3. By Operation Type
    - 9.3.1.2.4. By Stage
    - 9.3.1.2.5. By End User
- 9.3.2. UAE Centrifugal Pump Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Type
    - 9.3.2.2.2. By Impeller Type
    - 9.3.2.2.3. By Operation Type
    - 9.3.2.2.4. By Stage
    - 9.3.2.2.5. By End User
- 9.3.3. South Africa Centrifugal Pump Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Type
    - 9.3.3.2.2. By Impeller Type
    - 9.3.3.2.3. By Operation Type
    - 9.3.3.2.4. By Stage
    - 9.3.3.2.5. By End User

10. South America Centrifugal Pump Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Impeller Type
- 10.2.3. By Operation Type
- 10.2.4. By Stage
- 10.2.5. By End User
- 10.2.6. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Centrifugal Pump Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Type
    - 10.3.1.2.2. By Impeller Type
    - 10.3.1.2.3. By Operation Type
    - 10.3.1.2.4. By Stage
    - 10.3.1.2.5. By End User
- 10.3.2. Colombia Centrifugal Pump Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Type
    - 10.3.2.2.2. By Impeller Type
    - 10.3.2.2.3. By Operation Type
    - 10.3.2.2.4. By Stage
    - 10.3.2.2.5. By End User
- 10.3.3. Argentina Centrifugal Pump Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Type
    - 10.3.3.2.2. By Impeller Type
    - 10.3.3.2.3. By Operation Type
    - 10.3.3.2.4. By Stage
    - 10.3.3.2.5. By End User

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global Centrifugal Pump Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Grundfos Holding A/S
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Flowserve Corporation
15.3. Sulzer Ltd
15.4. Xylem Inc.
15.5. KSB SE & Co. KGaA
15.6. Ebara Corporation
15.7. ITT Corporation
15.8. Kirloskar Brothers Limited
15.9. The Weir Group PLC
15.10. Dover Corporation