Centrifugal Pump Market: Size, Growth, Trends & Forecast 2025-2031

The Centrifugal Pump Market size is projected to reach US$ 55.58 billion by 2031 from US$ 38.29 billion in 2024. The market is expected to register a CAGR of 5.7% during 2025–2031.

Centrifugal Pump Market Analysis

Centrifugal pumps convert rotational kinetic energy into hydrodynamic energy for fluid transfer. These pumps are used in sectors such as agriculture, water and wastewater, chemicals, oil & gas, and construction. Increased infrastructure development and demand for water treatment solutions are major growth forces.

Centrifugal Pump Market Overview

Centrifugal pumps are central to fluid-handling infrastructure across industries. They are a critical link connecting industrial processes and municipal water systems. Key design types include single-stage and multistage pumps, with further distinctions by impeller type (radial, axial, overhung impeller, between-bearing), and flow categories.

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Centrifugal Pump Market: Strategic Insights

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Centrifugal Pump Market Drivers and Opportunities

Market Drivers:

• Infrastructure & industrialization growth:

  Rising urbanization, construction, and manufacturing expansion drive demand in water, oil & gas, and power sectors.

• Water & wastewater needs:

  Investment in sanitation and clean water systems, especially under goals such as UN SDG 6, fuels growth.

• Energy-efficiency focus:

  As online fraud and cyberattacks grow, businesses and customers demand secure payment systems that protect their data and stop fraud.

• Agricultural expansion:

  Subsidies for solar water pumps and irrigation drive rural deployment across Asia and Africa.

• Industry-specific infrastructure investments:

  Rising demand in the chemical, pharmaceuticals, and oil & gas sectors.

Market Opportunities:

• Rollout of Smart Pump Systems:

  Smart pumps with real-time monitoring, predictive maintenance, and digital twins enhance operational efficiency, reduce downtime, and support remote diagnostics, driven by Industry 4.0, industrial IoT adoption, and growing automation needs.

• Adoption of Sustainable and Green Engineering Pumps:

  Eco-friendly pumps lower energy consumption and emissions, aligning with global environmental mandates and sustainability goals. Industries adopt energy-efficient technologies to meet regulatory compliance and enhance ESG performance.

• Demand for Customizable and Modular Pumps:

  Pharmaceutical and chemical industries favor modular pump designs for scalability, material compatibility, and process flexibility. Customization ensures efficient integration, faster deployment, and tailored performance in complex or regulated applications.

• Expansion into Emerging Regions:

  Emerging markets in Asia-Pacific, Latin America, and MEA present growth opportunities due to rising urbanization and demand for modern water, wastewater, and industrial infrastructure amid inadequate legacy systems.

Centrifugal Pump Market Report Segmentation Analysis

The Centrifugal Pump Market is divided into different segments to give a clearer view of how it works, its growth potential, and the latest trends. Below is the standard segmentation approach used in most industry reports:

By Stage:

• Single-stage:

  Single-stage pumps dominate the global centrifugal pump market, accounting for the majority of the share in 2024. These pumps are favored for their simple design, low initial cost, and ease of maintenance. They are suitable for applications requiring moderate flow and pressure, such as agriculture, water supply, and light industrial tasks.

• Multistage:

  While more complex, multistage pumps are essential in high-pressure applications, such as boiler feed, deep well pumping, and oil & gas operations. Their use is rising steadily, particularly in power generation, mining, and infrastructure projects.

By Design:

• Radial Flow Pumps:

  These are the most common centrifugal pump types, where the fluid is discharged perpendicular to the shaft. They are widely used in industrial, municipal, and commercial applications, especially for high-pressure, low-flow conditions.

• Mixed Flow Pumps:

  These pumps combine radial and axial flow characteristics, offering moderate head and flow. They are ideal for irrigation, flood control, and cooling water systems.

• Axial Flow Pumps:

  Designed to move large volumes of water at low heads, these are used in drainage, circulation, and marine applications. With increasing focus on wastewater and flood management, demand for axial flow pumps is growing, especially in APAC.

By Operation Type:

• Electric
• Hydraulic
• Air Driven

By Type:

• Overhung Impeller
• Vertically Suspended
• Between Bearing

By End User:

• Industrial
• Residential
• Agriculture
• Commercial

By Geography:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
  

Centrifugal Pump Market Regional Insights

The regional trends and factors influencing the Centrifugal Pump Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Centrifugal Pump Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Centrifugal Pump Market Report Scope

Centrifugal Pump Market Players Density: Understanding Its Impact on Business Dynamics

The Centrifugal Pump Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Asia Pacific is witnessing significant growth, driven by rapid industrialization, agricultural expansion, and infrastructure projects. Emerging markets in Latin America, the Middle East, and Africa have many untapped opportunities for centrifugal pump providers to expand.

The Centrifugal Pump Market growth differs in each region due to mature markets with steady opportunities in oil & gas, water utilities, and regulatory-driven upgrades. Below is a summary of market share and trends by region:

1. North America

• Market Share:

  Holds a substantial portion of the global centrifugal pump market

• Key Drivers:

  • Strong infrastructure and industrial base, including oil & gas, chemicals, and water treatment
  • Significant demand from the energy sector, including shale gas and power generation
  • Antiquated municipal water and wastewater systems are driving replacement and upgrade needs

• Trends:

  Rising investment in renewable energy and retrofit projects across utilities and industrial sectors

2. Europe

• Market Share:

  Significant share, particularly in industrial and environmental applications

• Key Drivers:

  • Stringent EU environmental regulations (e.g., Ecodesign Directive) promote energy-efficient pumps
  • Well-established manufacturing, chemical, and pharmaceutical sectors
  • High demand from water recycling and wastewater treatment

• Trends:

  Increasing adoption of IoT-enabled pumps and condition monitoring solutions

3. Asia Pacific

• Market Share:

  Fastest-growing region with a rising market share every year

• Key Drivers:

  • Rapid urbanization, industrialization, and agricultural mechanization
  • Government investment in irrigation, wastewater treatment, and smart city projects
  • Growing power generation capacity and oil & gas exploration activities in China, India, and Southeast Asia

• Trends:

  Strong focus on localized manufacturing and cost-efficient product lines

4. South and Central America

• Market Share:

  Moderate and expanding, with increasing demand across agriculture and mining

• Key Drivers:

  • Growing agricultural irrigation needs in Brazil and Argentina
  • Expanding mining and mineral processing sectors in Chile and Peru
  • Efforts to improve water supply and sanitation infrastructure

• Trends:

  Development aid and foreign investment are boosting water and utility infrastructure projects

5. Middle East and Africa

• Market Share:

  Although small, it is growing quickly

• Key Drivers:

  • Strong investment in desalination plants, district cooling, and oil & gas facilities in GCC countries
  • Urgent need for reliable water pumping solutions in agriculture and rural development
  • Power generation and mining growth in Sub-Saharan Africa

• Trends:

  Infrastructure upgrades aimed at improving water distribution and flood control systems

Centrifugal Pump Market Players Density: Understanding Its Impact on Business Dynamics

High Market Density and Competition

Major global players include Xylem Inc., Grundfos, Flowserve, KSB SE & Co., Sulzer, Ebara, Weir Group, Wilo, and ITT Corp., alongside regional leaders such as Kirloskar Brothers (India).

• Strategic Differentiators Emphasis on energy-efficient design, IoT-enabled smart monitoring, modular configurations, and value-added services such as predictive maintenance.

Opportunities and Strategic Moves

• Global expansions (e.g., Xylem opening a new facility in Egypt), mergers and acquisitions, and product innovation across smart and sustainable pumps.

Major Companies operating in the Centrifugal Pump Market are:

1. Ebara Corp
2. Grundfos Holding AS
3. KIRLOSKAR BROTHERS LIMITED
4. Sulzer Ltd
5. The Weir Group PLC
6. Xylem Inc.
7. Gorman-Rupp Pumps
8. Fives SAS
9. Atlas Copco AB
10. Parker Hannifin Corp

Disclaimer: The companies listed above are not ranked in any particular order.

Other companies analyzed during the course of research:

1. KSB SE & Co KGaA
2. PLEUGER INDUSTRIES
3. Tsurumi Manufacturing Co., Ltd.
4. WILO SE
5. SHI Cryogenics Group

Centrifugal Pump Market News and Recent Developments

• Sulzer and Manweir sign 10-year strategic service partnership in Qatar

  Sulzer partnered with Manweir WLL, a leading engineering services provider, the oil & gas arm of Mannai Corporation, to enhance the availability and quality of rotating equipment repairs and services across Qatar.

• Sulzer inaugurates new high-performance pump facility at its location in Mexico

  Sulzer recently celebrated the official launch of a new test and assembly center in Mexico City, which was built alongside its existing pump manufacturing facility.

• Xylem Completes Acquisition of Evoqua

  Xylem Inc., a leading global water technology company ("Xylem" or "the Company"), announced it has completed its acquisition of Evoqua Water Technologies Corp. ("Evoqua"), a leader in mission-critical water treatment solutions and services, in an all-stock transaction valued at approximately US$7.5 billion.

Centrifugal Pump Market Report Coverage and Deliverables

The "Centrifugal Pump Market Size and Forecast (2021–2031)" report provides a detailed analysis of the market covering below areas:

• Centrifugal Pump Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Centrifugal Pump Market trends, as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Centrifugal Pump Market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the Centrifugal Pump Market
• Detailed company profiles