Global Centrifugal Pump Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast
- PUBLISHED ON
- 2024-10-03
- NO OF PAGES
- 245
- CATEGORY
- Energy & Power
The global Centrifugal Pump market size was valued at USD 39,700 million in 2022 and is projected to reach USD 52,500 million by 2033, growing at a CAGR of 5.1% during the forecast period.
Report Scope
Report Attributes | Description |
Market Forecast in 2022 | USD 39,700 million |
Market Forecast in 2033 | USD 52,500 million |
CAGR % 2023-2033 | 5.1% |
Base Year | 2022 |
Historic Data | 2020-2021 |
Forecast Period | 2023-2033 |
Report USP | Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more |
Key Companies | Flowserve Corporation; Sulzer Ltd.; Grundfos Holding A/S; KSB SE & Co. KGaA; Xylem Inc.; ITT Inc.; Ebara Corporation; Weir Group PLC; Wilo SE Pentair plc |
Global Centrifugal Pump Market- Description
The centrifugal pump market is a thriving sector within the global pump industry. Centrifugal pumps are mechanical devices designed to transport fluids by converting rotational energy from an impeller into hydrodynamic energy. They find extensive application in various industries, including oil and gas, water and wastewater, chemical, power generation, pharmaceuticals, and others.
Global Centrifugal Pump market: Key Trends
• Industrial Expansion and Infrastructure Development:
The ongoing industrial expansion and infrastructure development projects worldwide are major drivers for the centrifugal pump market. As industries expand their operations and infrastructure projects are undertaken, there is a rising demand for efficient fluid handling systems. Centrifugal pumps play a vital role in processes such as fluid transfer, circulation, and boosting, ensuring the smooth operation of industrial plants and infrastructure projects. Growing investments in sectors such as oil and gas, water treatment, construction, and power generation contribute to the increasing demand for centrifugal pumps.
• Water and Wastewater Treatment
The need for efficient water and wastewater treatment is a significant driver for the centrifugal pump market. With growing concerns over water scarcity and environmental regulations, there is an increased focus on wastewater management and water treatment processes. Centrifugal pumps are extensively used in water and wastewater treatment plants for applications such as pumping raw water, sludge transfer, chemical dosing, and circulation. The expanding population, urbanization, and industrial activities further contribute to the demand for efficient centrifugal pumps in the water and wastewater sector.
These drivers highlight the importance of centrifugal pumps in facilitating industrial processes, infrastructure development, and water management. The market is expected to witness steady growth as industries continue to expand, infrastructure projects advance, and the focus on sustainable water management intensifies.
Global Centrifugal Pump Market- Geographical Analysis
The global centrifugal pump market exhibits a diverse geographical analysis with varying dynamics and growth opportunities across different regions. North America, comprising the United States and Canada, holds a significant share in the centrifugal pump market. The region benefits from the presence of well-established industries such as oil and gas, water and wastewater, chemicals, and power generation. These industries require centrifugal pumps for various applications, driving market growth.
Europe is another prominent market for centrifugal pumps, with countries like Germany, the United Kingdom, and France leading the adoption. The region's industrial sectors, including manufacturing, water treatment, and pharmaceuticals, rely heavily on centrifugal pumps for fluid handling needs. Moreover, the increasing emphasis on sustainability and environmental regulations promotes the use of energy-efficient centrifugal pump systems, driving market growth in Europe.
Global Centrifugal Pump Market- Recent Developments
• In 2020, Flowrox has introduced the CF-V centrifugal pump, featuring a vertical cantilever design. This pump is specifically designed for applications in mining, minerals processing, and various industrial operations, offering reliable performance in sumps and pits. With its heavy-duty construction, the CF-V centrifugal pump operates continuously even in demanding conditions. Its wear-resistant components are capable of handling the most abrasive and corrosive slurries. The pump accommodates flow rates of up to 1,135 m3/h. Additionally, a single Flowrox CF-V pump can achieve heads of up to 50 m and a cantilevered depth of 3.6 m when equipped with a suction extension pipe. The wet parts of the pump are available in either elastomer or hi-chrome materials, ensuring ease of maintenance to minimize downtime.
Global Centrifugal Pump market: Segmental Analysis
Type:
• Single-stage Centrifugal Pumps
• Multi-stage Centrifugal Pumps
• Axial Flow Centrifugal Pumps
• Radial Flow Centrifugal Pumps
• Mixed Flow Centrifugal Pumps
End-User Industry:
• Oil & Gas
• Water & Wastewater
• Power Generation
• Chemicals
• Pharmaceuticals
• Food & Beverages
• Mining
• Construction
• Others
Global Centrifugal Pump Market: Key Companies
• Flowserve Corporation
• Sulzer Ltd.
• Grundfos Holding A/S
• KSB SE & Co. KGaA
• Xylem Inc.
• ITT Inc.
• Ebara Corporation
• Weir Group PLC
• Wilo SE
• Pentair plc
• Others.
Global Centrifugal Pump Market: Regional Scope
North America
• U.S.
• Canada
• Mexico
Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific
• Brazil
• Argentina
• Rest of South America
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa
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• Business Model
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• SWOT Analysis
• Company Share Analysis from 2018-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification.
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