The centrifugal pump market is projected to reach US$ 36,879.0 million by 2028 from US$ 25,154.3 million in 2021; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028.
Steady growth of the global economy has propelled industrialization and urbanization in the past few decades, which has subsequently favored the growth of construction industry. Western Europe has matured residential construction and nonresidential construction industries, and these industries are growing at a steady pace in the Eastern Europe. Moreover, governments of European countries are emphasizing on the deployment of transport infrastructure projects. For instance, the Brenner Base Tunnel project, a new 55-kilometer-long German-Austrian railway line in the Eastern part of Alps, is scheduled for completion by 2028. Further, the world’s longest immersed rail and road tunnel between Germany and Denmark, which it would be built by Femern A/S, received an approval in 2020. The construction of the Ceneri Base Rail Tunnel, which is anticipated to connect the Mediterranean and the North Sea in future, was completed in September 2020. In April 2020, RZD International completed the Cortanovci railway tunnel and viaduct in Serbia. Thus, the continuous rise in these projects is bolstering the demand for centrifugal pumps.
Impact of COVID-19 Pandemic on Centrifugal Pump Market
According to the latest situation report from the World Health Organization (WHO), the US, Spain, Italy, France, Germany, the UK, Russia, Turkey, Brazil, Iran, and China are among the worst-affected countries due to the COVID-19 pandemic. In 2020, the world economy suffered severe consequences of the global outbreak. The pandemic has led to disruptions in primary industries including electronics, semiconductor, and manufacturing. A sharp decline in the growth of mentioned industries is limiting the centrifugal pump market growth.
Lucrative Regional Markets for Centrifugal Pump Providers
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Centrifugal Pump Market Insights
Adoption of Modern Farming Practices to Fuel Centrifugal Pump Market Growth
Rising awareness among masses about the long-term effects of pesticides and fertilizers used in agricultural practices has triggered the demand for organic food produce. Modern farming methods such as hydroponics and vertical farming use controlled indoor environment, and they can be employed to grow vegetables and fruits organically, without the use of pesticides and fertilizers. Centrifugal pumps are widely used for circulating water in fields. Moreover, these techniques allow producers to adopt organic farming practices as well as to ensure optimum utilization of limited space. Thus, the increasing adoption of modern farming practices owing to growing demand for organic food is projected to generate ample growth opportunities for the centrifugal pumps market players.
Stage-Based Market Insights
Based on stage, the centrifugal pump market is segmented into single stage and multistage. The surface single stage segment led the centrifugal pump market in 2020. Single-stage centrifugal pumps comprise a single impeller rotating on the shaft, with the housing of pump, designed to facilitate fluid flow when driven by motor. The single-stage design is the simplest architecture, and these pumps are available in single- or double-suction designs. The single-stage centrifugal pumps are used for the pumping of low to medium total dynamic heads (TDHs). The impellers of single-stage centrifugal pumps are designed to handle dirty, clean, and solid-laden liquid substances; moreover, these pumps are provided with several types of mechanical seals for expanding their application range. The single-stage centrifugal pumps are widely accepted pumps due to their high reliability, which is the major factor driving the market growth of this segment.
Centrifugal Pump Market, by Type – 2020 and 2028
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Note: The outer circle represents market size for 2028, and the inner circle represents market size for 2020.
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Centrifugal Pump Market: Strategic Insights
Market Size Value in US$ 25,154.3 Million in 2021 Market Size Value by US$ 36,879.0 Million by 2028 Growth rate CAGR of 5.6% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
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Centrifugal Pump Market: Strategic Insights
Market Size Value in | US$ 25,154.3 Million in 2021 |
Market Size Value by | US$ 36,879.0 Million by 2028 |
Growth rate | CAGR of 5.6% from 2021-2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
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Speak to AnalystThe players operating in the centrifugal pump market focus on strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:
- In 2021, Sulzer expanded its presence in Denmark by building a new service center to supply its full range of products and maintenance services across the country. The new location will be a part of Sulzer's global network of service centers, which collaborate to provide local support backed by global knowledge.
- In 2020, KBL is now the first Indian pump manufacturing company to receive the prestigious Integrated Management System (IMS) certification for four single-stage centrifugal pump types, namely, ISO 9001: 2015, ISO 14001: 2015, ISO 45001: 2018, and ISO 50001:2018 by the certification body M/s TUV-SUD.
The global Centrifugal Pump market has been segmented as follows:
Centrifugal Pump Market – by Operation Type
- Electric
- Hydraulic
- Air Driven
Centrifugal Pump Market – by Type
- Overhung Impeller
- Vertically Suspended
- Between Bearing
Centrifugal Pump Market – by Sector
- Oil and Gas
- Chemicals and Petrochemicals
- Mining
- Power Generation
- Automotive
- Agriculture
- HVAC
- Wastewater Management
- Others
Centrifugal Pump Market – by Geography
- Europe
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
- Asia Pacific (APAC)
- Australia
- China
- India
- Japan
- South Korea
- Uzbekistan
- Vietnam
- Rest of APAC
- Middle East and Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
Company Profiles
- EBARA CORPORATION
- Grundfos Holding A/S
- KIRLOSKAR BROTHERS LIMITED
- KSB SE & Co. KGaA
- PLEUGER INDUSTRIES
- Sulzer Ltd
- The Weir Group PLC
- Tsurumi Manufacturing Co., Ltd.
- WILO SE
- Xylem Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Stage , Operation Type , Type , and Sector
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, France, Germany, India, Italy, Japan, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, Uzbekistan, Vietnam
Frequently Asked Questions
Minerals extracted from mining are the backbone of human civilization. These minerals are widely used across industries such as manufacturing, power generation, chemicals and petrochemicals, healthcare and pharmaceuticals, and construction. Currently, copper, coal, iron ore, gold, and aluminum are among the most mined minerals. Moreover, the aggregate revenue of top 40 mining companies has grown steadily from 2016 to 2019. In 2020, they witnessed a fall in revenue due to the COVID-19 outbreak. Mining activities such as transportation of ore and waste in slurries and suspension, separation of minerals using chemical processes, controlling temperature via cooling systems around power generators, suppression of dust during mineral processing, dewatering of mines require enormous volume of water. Centrifugal pumps play a vital role in these applications. Moreover, with the growing rate of industrialization and urbanization, and increasing need of energy, the demand for minerals is projected to rise significantly during the forecast period, which would fuel adoption of centrifugal pumps, thus driving the market growth.
Clean energy is gaining traction as the energy source of various factories across the According to the World Health Organization, ~50% of the total population is anticipated to live in water stressed regions by 2026. Centrifugal pumps are widely used equipment in wastewater treatment facilities. The wastewater management practices have already flourished in developed regions such North America and Europe; however, in developing regions such as Asia Pacific and Middle East & Africa, these practices are now gaining traction. According to Sustainable Water Alliance, countries such as Iran and Saudi Arabia are anticipated to deployment several new water and wastewater facilities by 2026. Moreover, in June 2021, an official of Saudi Water Partnership Company (SWPC) announced Saudi Arabia is aiming to invest US$ 4 billion of investment along with partnership with private sector for water and wastewater projects. Under the project, the country aims to deploy 158 projects, including 11 desalination and 147 wastewater plants, which would be operational by end of 2023. Meanwhile, in 2021, China’s National Development and Reform Commission made announcements regarding its plans to improve sewage water treatment capabilities as well as to focus on the transformation of sewage into reusable resources by 2026. Thus, such initiatives by governments are generating ample growth opportunities for the centrifugal pumps market players.
The centrifugal pump market is led by overhung impeller segment with highest share and is expected to dominate in the forecast period. In the overhung impeller, the impeller/impellers is/are mounted on the tip of shaft overhung or cantilevered from its bearing support. The overhung impeller pumps are either separately coupled, where the impeller is mounted on an independent shaft supported by bearings, or are close coupled, where the impeller is directly mounted on the driver shaft. The overhung impellers can be installed either vertically or horizontally. Moreover, these pumps are offered by market players in various designs to meet the requirements of end users such as chemicals industries, slurry and solids handling processes, and industrial processes.
The global centrifugal pump market was dominated by the wastewater management segment in 2020, which accounted for 21.5% of market share. The wastewater management segment is anticipated to continue its dominance during the forecast period as well. The segment is expected to capture a decent share of 20.4% of overall global centrifugal pump market by 2028, growing at a CAGR of 4.9%. Centrifugal pumps are among the widely used pumps at wastewater management facilities; they are employed for transferring the water from through various processed. European countries have well-established wastewater treatment process, while in several countries in Asia Pacific, and the Middle East and Africa, these practices are gaining traction with the growing government support through strengthening of the regulatory framework for the treatment of wastewater.
Grundfos Holding A/S, KSB SE & Co. KGaA, Sulzer Ltd, The Weir Group PLC, and Xylem Inc are the five key companies in the centrifugal pump market.
Asia Pacific dominated the centrifugal pump market in 2020 with a share of 33.6%; it would continue to dominate the market during the forecast period and account for 35.8% share by 2028. Europe is the second-largest contributor to the global centrifugal pump market.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Centrifugal Pump Market – By Stage
1.3.2 Centrifugal Pump Market – By Operation Type
1.3.3 Centrifugal Pump Market – By Type
1.3.4 Centrifugal Pump Market – By Sector
1.3.5 Centrifugal Pump Market- By Region
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Centrifugal Pump Market Landscape
4.1 Market Overview
4.2 SWOT Analysis
4.2.1 Europe
4.2.2 APAC
4.2.3 MEA
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Centrifugal Pump Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Proliferation of Construction Industry
5.1.2 Enormous Use of Water in Mining Activities
5.2 Market Restraints
5.2.1 Cavitation in Centrifugal Pumps
5.3 Market Opportunities
5.3.1 Growing Emphasis on Wastewater Treatment
5.4 Future Trends
5.4.1 Adoption of Modern Farming Practices
5.5 Impact Analysis of Drivers and Restraints
6. Centrifugal Pump Market – Global Analysis
6.1 Global Centrifugal Pump Market Overview
6.2 Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Centrifugal Pump Market Analysis by Stage
7.1 Overview
7.2 Centrifugal Pump Market Breakdown, by Stage, 2020 and 2028
7.3 Single Stage
7.3.1 Overview
7.3.2 Single Stage: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
7.4 Multistage
7.4.1 Overview
7.4.2 Multistage: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
8. Centrifugal Pump Market Analysis by Operation Type
8.1 Overview
8.2 Centrifugal Pump Market, by Operation Type (2020 and 2028)
8.3 Electric
8.3.1 Overview
8.3.2 Electric: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Hydraulic
8.4.1 Overview
8.4.2 Hydraulic: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Air Driven
8.5.1 Overview
8.5.2 Air Driven: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
9. Centrifugal Pump Market Analysis by Type
9.1 Overview
9.2 Centrifugal Pump Market, by Type (2020 and 2028)
9.3 Overhung Impeller
9.3.1 Overview
9.3.2 Overhung Impeller: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Vertically Suspended
9.4.1 Overview
9.4.2 Vertically Suspended: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Between Bearing
9.5.1 Overview
9.5.2 Between Bearing: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
10. Centrifugal Pump Market Analysis by Sector
10.1 Overview
10.2 Centrifugal Pump Market Breakdown, by Sector, 2020 and 2028
10.3 Oil and Gas
10.3.1 Overview
10.3.2 Oil and Gas: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
10.4 Chemicals and Petrochemicals
10.4.1 Overview
10.4.2 Chemicals and Petrochemicals: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
10.5 Mining
10.5.1 Overview
10.5.2 Mining: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
10.6 Power Generation
10.6.1 Overview
10.6.2 Power Generation: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
10.7 Automotive
10.7.1 Overview
10.7.2 Automotive: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
10.8 Agriculture
10.8.1 Overview
10.8.2 Agriculture: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
10.9 HVAC
10.9.1 Overview
10.9.2 HVAC: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
10.10 Wastewater Management
10.10.1 Overview
10.10.2 Wastewater Management: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
10.11 Others
10.11.1 Overview
10.11.2 Others: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
11. Centrifugal Pump Market – Geographic Analysis
11.1 Overview
11.2 Europe: Centrifugal Pump Market
11.2.1 Europe: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.2.2 Europe: Centrifugal Pump Market, By Stage
11.2.3 Europe: Centrifugal Pump Market, By Operation Type
11.2.4 Europe: Centrifugal Pump Market, By Type
11.2.5 Europe: Centrifugal Pump Market, By Sector
11.2.6 Europe: Centrifugal Pump Market, By Country
11.2.6.1 Germany: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.1.1 Germany: Centrifugal Pump Market, by Stage
11.2.6.1.2 Germany: Centrifugal Pump Market, by Operation Type
11.2.6.1.3 Germany: Centrifugal Pump Market, by Type
11.2.6.1.4 Germany: Centrifugal Pump Market, by Sector
11.2.6.2 France: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.2.1 France: Centrifugal Pump Market, by Stage
11.2.6.2.2 France: Centrifugal Pump Market, by Operation Type
11.2.6.2.3 France: Centrifugal Pump Market, by Type
11.2.6.2.4 France: Centrifugal Pump Market, by Sector
11.2.6.3 Italy: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.3.1 Italy: Centrifugal Pump Market, by Stage
11.2.6.3.2 Italy: Centrifugal Pump Market, by Operation Type
11.2.6.3.3 Italy: Centrifugal Pump Market, by Type
11.2.6.3.4 Italy: Centrifugal Pump Market, by Sector
11.2.6.4 UK: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.4.1 UK: Centrifugal Pump Market, by Stage
11.2.6.4.2 UK: Centrifugal Pump Market, by Operation Type
11.2.6.4.3 UK: Centrifugal Pump Market, by Type
11.2.6.4.4 UK: Centrifugal Pump Market, by Sector
11.2.6.5 Russia: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.5.1 Russia: Centrifugal Pump Market, by Stage
11.2.6.5.2 Russia: Centrifugal Pump Market, by Operation Type
11.2.6.5.3 Russia: Centrifugal Pump Market, by Type
11.2.6.5.4 Russia: Centrifugal Pump Market, by Sector
11.2.6.6 Rest of Europe: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.2.6.6.1 Rest of Europe: Centrifugal Pump Market, by Stage
11.2.6.6.2 Rest of Europe: Centrifugal Pump Market, by Operation Type
11.2.6.6.3 Rest of Europe: Centrifugal Pump Market, by Type
11.2.6.6.4 Rest of Europe: Centrifugal Pump Market, by Sector
11.3 APAC: Centrifugal Pump Market
11.3.1 APAC: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.3.2 APAC: Centrifugal Pump Market, By Stage
11.3.3 APAC: Centrifugal Pump Market, By Operation Type
11.3.4 APAC: Centrifugal Pump Market, By Type
11.3.5 APAC: Centrifugal Pump Market, By Sector
11.3.6 APAC: Centrifugal Pump Market, By Country
11.3.6.1 Australia: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.1.1 Australia: Centrifugal Pump Market, by Stage
11.3.6.1.2 Australia: Centrifugal Pump Market, by Operation Type
11.3.6.1.3 Australia: Centrifugal Pump Market, by Type
11.3.6.1.4 Australia: Centrifugal Pump Market, by Sector
11.3.6.2 China: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.2.1 China: Centrifugal Pump Market, by Stage
11.3.6.2.2 China: Centrifugal Pump Market, by Operation Type
11.3.6.2.3 China: Centrifugal Pump Market, by Type
11.3.6.2.4 China: Centrifugal Pump Market, by Sector
11.3.6.3 India: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.3.1 India: Centrifugal Pump Market, by Stage
11.3.6.3.2 India: Centrifugal Pump Market, by Operation Type
11.3.6.3.3 India: Centrifugal Pump Market, by Type
11.3.6.3.4 India: Centrifugal Pump Market, by Sector
11.3.6.4 Japan: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.4.1 Japan: Centrifugal Pump Market, by Stage
11.3.6.4.2 Japan: Centrifugal Pump Market, by Operation Type
11.3.6.4.3 Japan: Centrifugal Pump Market, by Type
11.3.6.4.4 Japan: Centrifugal Pump Market, by Sector
11.3.6.5 South Korea: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.5.1 South Korea: Centrifugal Pump Market, by Stage
11.3.6.5.2 South Korea: Centrifugal Pump Market, by Operation Type
11.3.6.5.3 South Korea: Centrifugal Pump Market, by Type
11.3.6.5.4 South Korea: Centrifugal Pump Market, by Sector
11.3.6.6 Uzbekistan: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.6.1 Uzbekistan: Centrifugal Pump Market, by Stage
11.3.6.6.2 Uzbekistan: Centrifugal Pump Market, by Operation Type
11.3.6.6.3 Uzbekistan: Centrifugal Pump Market, by Type
11.3.6.6.4 Uzbekistan: Centrifugal Pump Market, by Sector
11.3.6.7 Vietnam: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.7.1 Vietnam: Centrifugal Pump Market, by Stage
11.3.6.7.2 Vietnam: Centrifugal Pump Market, by Operation Type
11.3.6.7.3 Vietnam: Centrifugal Pump Market, by Type
11.3.6.7.4 Vietnam: Centrifugal Pump Market, by Sector
11.3.6.8 Rest of APAC: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.3.6.8.1 Rest of APAC: Centrifugal Pump Market, by Stage
11.3.6.8.2 Rest of APAC: Centrifugal Pump Market, by Operation Type
11.3.6.8.3 Rest of APAC: Centrifugal Pump Market, by Type
11.3.6.8.4 Rest of APAC: Centrifugal Pump Market, by Sector
11.4 MEA: Centrifugal Pump Market
11.4.1 MEA: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.4.2 MEA: Centrifugal Pump Market, by Stage
11.4.3 MEA: Centrifugal Pump Market, by Operation Type
11.4.4 MEA: Centrifugal Pump Market, by Type
11.4.5 MEA: Centrifugal Pump Market, by Sector
11.4.6 MEA: Centrifugal Pump Market, by Key Country
11.4.6.1 South Africa: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.1.1 South Africa: Centrifugal Pump Market, by Stage
11.4.6.1.2 South Africa: Centrifugal Pump Market, by Operation Type
11.4.6.1.3 South Africa: Centrifugal Pump Market, by Type
11.4.6.1.4 South Africa: Centrifugal Pump Market, by Sector
11.4.6.2 Saudi Arabia: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.2.1 Saudi Arabia: Centrifugal Pump Market, by Stage
11.4.6.2.2 Saudi Arabia: Centrifugal Pump Market, by Operation Type
11.4.6.2.3 Saudi Arabia: Centrifugal Pump Market, by Type
11.4.6.2.4 Saudi Arabia: Centrifugal Pump Market, by Sector
11.4.6.3 UAE: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.3.1 UAE: Centrifugal Pump Market, by Stage
11.4.6.3.2 UAE: Centrifugal Pump Market, by Operation Type
11.4.6.3.3 UAE: Centrifugal Pump Market, by Type
11.4.6.3.4 UAE: Centrifugal Pump Market, by Sector
11.4.6.4 Rest of MEA: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
11.4.6.4.1 Rest of MEA: Centrifugal Pump Market, by Stage
11.4.6.4.2 Rest of MEA: Centrifugal Pump Market, by Operation Type
11.4.6.4.3 Rest of MEA: Centrifugal Pump Market, by Type
11.4.6.4.4 Rest of MEA: Centrifugal Pump Market, by Sector
12. Impact of COVID-19 Pandemic on Centrifugal Pump Market
12.1 Overview
12.2 North America: Impact Assessment of COVID-19 Pandemic
12.3 Europe: Impact Assessment of COVID-19 Pandemic
12.4 Asia Pacific: Impact Assessment of COVID-19 Pandemic
12.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12.6 South America: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
14. Company Profiles
14.1 EBARA CORPORATION
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 Grundfos Holding A/S
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 KIRLOSKAR BROTHERS LIMITED
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 KSB SE & Co. KGaA
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 PLEUGER INDUSTRIES
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 Sulzer Ltd
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 The Weir Group PLC
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Tsurumi Manufacturing Co., Ltd.
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 WILO SE
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Xylem Inc.
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index
LIST OF TABLES
Table 1. Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. Europe Centrifugal Pump Market, By Stage – Revenue and Forecast to 2028 (US$ Million)
Table 3. Europe Centrifugal Pump Market, By Operation Type– Revenue and Forecast to 2028 (US$ Million)
Table 4. Europe Centrifugal Pump Market, By Type Vertical– Revenue and Forecast to 2028 (US$ Million)
Table 5. Europe Centrifugal Pump Market, By Sector – Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany Centrifugal Pump Market, By Stage – Revenue and Forecast to 2028 (US$ Million)
Table 7. Germany Centrifugal Pump Market, By Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany Centrifugal Pump Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Germany Centrifugal Pump Market, By Sector – Revenue and Forecast to 2028 (US$ Million)
Table 10. France Centrifugal Pump Market, By Stage – Revenue and Forecast to 2028 (US$ Million)
Table 11. France Centrifugal Pump Market, By Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. France Centrifugal Pump Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. France Centrifugal Pump Market, By Sector – Revenue and Forecast to 2028 (US$ Million)
Table 14. Italy Centrifugal Pump Market, By Stage – Revenue and Forecast to 2028 (US$ Million)
Table 15. Italy Centrifugal Pump Market, By Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy Centrifugal Pump Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy Centrifugal Pump Market, By Sector – Revenue and Forecast to 2028 (US$ Million)
Table 18. UK Centrifugal Pump Market, By Stage – Revenue and Forecast to 2028 (US$ Million)
Table 19. UK Centrifugal Pump Market, By Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. UK Centrifugal Pump Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 21. UK Centrifugal Pump Market, By Sector – Revenue and Forecast to 2028 (US$ Million)
Table 22. Russia Centrifugal Pump Market, By Stage – Revenue and Forecast to 2028 (US$ Million)
Table 23. Russia Centrifugal Pump Market, By Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Russia Centrifugal Pump Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 25. Russia Centrifugal Pump Market, By Sector – Revenue and Forecast to 2028 (US$ Million)
Table 26. Rest of Europe Centrifugal Pump Market, By Stage – Revenue and Forecast to 2028 (US$ Million)
Table 27. Rest of Europe Centrifugal Pump Market, By Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 28. Rest of Europe Centrifugal Pump Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 29. Rest of Europe Market, By Sector – Revenue and Forecast to 2028 (US$ Million)
Table 30. APAC: Centrifugal Pump Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 31. APAC: Centrifugal Pump Market, by Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 32. APAC: Centrifugal Pump Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 33. APAC: Centrifugal Pump Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 34. Australia: Centrifugal Pump Market, By Stage – Revenue and Forecast to 2028 (US$ Million)
Table 35. Australia: Centrifugal Pump Market, By Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. Australia: Centrifugal Pump Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 37. Australia: Centrifugal Pump Market, By Sector – Revenue and Forecast to 2028 (US$ Million)
Table 38. China: Centrifugal Pump Market, By Stages – Revenue and Forecast to 2028 (US$ Million)
Table 39. China: Centrifugal Pump Market, By Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 40. China: Centrifugal Pump Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 41. China: Centrifugal Pump Market, By Sector – Revenue and Forecast to 2028 (US$ Million)
Table 42. India: Centrifugal Pump Market, By Stages – Revenue and Forecast to 2028 (US$ Million)
Table 43. India: Centrifugal Pump Market, By Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 44. India: Centrifugal Pump Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 45. India: Centrifugal Pump Market, By Sector – Revenue and Forecast to 2028 (US$ Million)
Table 46. Japan: Centrifugal Pump Market, By Stages – Revenue and Forecast to 2028 (US$ Million)
Table 47. Japan: Centrifugal Pump Market, By Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. Japan: Centrifugal Pump Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 49. Japan: Centrifugal Pump Market, By Sector – Revenue and Forecast to 2028 (US$ Million)
Table 50. South Korea: Centrifugal Pump Market, By Stage– Revenue and Forecast to 2028 (US$ Million)
Table 51. South Korea: Centrifugal Pump Market, By Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 52. South Korea: Centrifugal Pump Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 53. South Korea: Centrifugal Pump Market, By Sector – Revenue and Forecast to 2028 (US$ Million)
Table 54. Uzbekistan: Centrifugal Pump Market, By Stage– Revenue and Forecast to 2028 (US$ Million)
Table 55. Uzbekistan: Centrifugal Pump Market, By Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 56. Uzbekistan: Centrifugal Pump Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 57. Uzbekistan: Centrifugal Pump Market, By Sector – Revenue and Forecast to 2028 (US$ Million)
Table 58. Vietnam: Centrifugal Pump Market, By Stage– Revenue and Forecast to 2028 (US$ Million)
Table 59. Vietnam: Centrifugal Pump Market, By Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 60. Vietnam: Centrifugal Pump Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 61. Vietnam: Centrifugal Pump Market, By Sector – Revenue and Forecast to 2028 (US$ Million)
Table 62. Rest of APAC: Centrifugal Pump Market, By Stage – Revenue and Forecast to 2028 (US$ Million)
Table 63. Rest of APAC: Centrifugal Pump Market, By Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 64. Rest of APAC: Centrifugal Pump Market, By Type – Revenue and Forecast to 2028 (US$ Million)
Table 65. Rest of APAC: Centrifugal Pump Market, By Sector – Revenue and Forecast to 2028 (US$ Million)
Table 66. MEA: Centrifugal Pump Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 67. MEA: Centrifugal Pump Market Revenue Share, by Operation Type (2020 and 2028)
Table 68. MEA: Centrifugal Pump Market, by Type– Revenue and Forecast to 2028 (US$ Million)
Table 69. MEA: Centrifugal Pump Market, by Sector– Revenue and Forecast to 2028 (US$ Million)
Table 70. South Africa: Centrifugal Pump Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 71. South Africa: Centrifugal Pump Market, by Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 72. South Africa: Centrifugal Pump Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 73. South Africa: Centrifugal Pump Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 74. Saudi Arabia: Centrifugal Pump Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 75. Saudi Arabia: Centrifugal Pump Market, by Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 76. Saudi Arabia: Centrifugal Pump Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 77. Saudi Arabia: Centrifugal Pump Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 78. UAE: Centrifugal Pump Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 79. UAE: Centrifugal Pump Market, by Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 80. UAE: Centrifugal Pump Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 81. UAE: Centrifugal Pump Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 82. Rest of MEA: Centrifugal Pump Market, by Stage – Revenue and Forecast to 2028 (US$ Million)
Table 83. Rest of MEA: Centrifugal Pump Market, by Operation Type – Revenue and Forecast to 2028 (US$ Million)
Table 84. Rest of MEA: Centrifugal Pump Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 85. Rest of MEA: Centrifugal Pump Market, by Sector – Revenue and Forecast to 2028 (US$ Million)
Table 86. List of Abbreviation
LIST OF FIGURES
Figure 1. Centrifugal Pump Market Segmentation
Figure 2. Centrifugal Pump Market Segmentation – By Geography
Figure 3. Global Centrifugal Pump Market Overview
Figure 4. Single Stage Segment held the Largest Share of Centrifugal Pump Market
Figure 5. Electric Segment held the Largest Share of Centrifugal Pump Market
Figure 6. Overhung Impeller Segment held the Largest Share of Centrifugal Pump Market
Figure 7. Wastewater Management Segment held the Largest Share of Centrifugal Pump Market
Figure 8. APAC to Show Great Traction During Forecast Period
Figure 9. Europe: SWOT Analysis
Figure 10. Asia-Pacific: SWOT Analysis
Figure 11. MEA: SWOT Analysis
Figure 12. Expert Opinion
Figure 13. Centrifugal Pump Market Impact Analysis of Drivers and Restraints
Figure 14. Geographic Overview of Centrifugal Pump Market
Figure 15. Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Centrifugal Pump Market Revenue Share, by Stage (2020 and 2028)
Figure 17. Single Stage: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Multistage: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Centrifugal Pump Market Revenue Share, by Operation Type (2020 and 2028)
Figure 20. Electric: Centrifugal Pump Market– Revenue and Forecast to 2028 (US$ Million)
Figure 21. Hydraulic: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Air Driven: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Centrifugal Pump Market Revenue Share, by Type (2020 and 2028)
Figure 24. Overhung Impeller: Centrifugal Pump Market– Revenue and Forecast to 2028 (US$ Million)
Figure 25. Vertically Suspended: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Between Bearing: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Centrifugal Pump Market Revenue Share, by Sector (2020 and 2028)
Figure 28. Oil and Gas: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Chemicals and Petrochemicals: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Mining: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 31. Power Generation: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 32. Automotive: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 33. Agriculture: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 34. HVAC: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 35. Wastewater Management: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 36. Others: Centrifugal Pump Market Revenue and Forecast to 2028 (US$ Million)
Figure 37. Centrifugal Pump Market Revenue Share, By Region (2020 and 2028)
Figure 38. Europe: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Europe: Centrifugal Pump Market Revenue Share, By Stage (2020 and 2028)
Figure 40. Europe: Centrifugal Pump Market Revenue Share, By Operation Type (2020 and 2028)
Figure 41. Europe: Centrifugal Pump Market Revenue Share, By Type (2020 and 2028)
Figure 42. Europe: Centrifugal Pump Market Revenue Share, By Sector (2020 and 2028)
Figure 43. Europe: Centrifugal Pump Market Revenue Share, By Country (2020 and 2028)
Figure 44. Germany: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. France: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. Italy: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. UK: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Russia: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Rest of Europe: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. APAC: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 51. APAC: Centrifugal Pump Market Revenue Share, By Stage (2020 and 2028)
Figure 52. APAC: Centrifugal Pump Market Revenue Share, By Operation Type (2020 and 2028)
Figure 53. APAC: Centrifugal Pump Market Revenue Share, By Type (2020 and 2028)
Figure 54. APAC: Centrifugal Pump Market Revenue Share, By Sector (2020 and 2028)
Figure 55. APAC: Centrifugal Pump Market Revenue Share, By Country (2020 and 2028)
Figure 56. Australia: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 57. China: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. India: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 59. Japan: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. South Korea: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Uzbekistan: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. Vietnam: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 63. Rest of APAC: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 64. MEA: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 65. MEA: Centrifugal Pump Market Revenue Share, by Stage (2020 and 2028)
Figure 66. MEA: Centrifugal Pump Market Revenue Share, by Operation Type (2020 and 2028)
Figure 67. MEA: Centrifugal Pump Market Revenue Share, by Type (2020 and 2028)
Figure 68. MEA: Centrifugal Pump Market Revenue Share, by Sector (2020 and 2028)
Figure 69. MEA: Centrifugal Pump Market Revenue Share, by Key Country (2020 and 2028)
Figure 70. South Africa: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 71. Saudi Arabia: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 72. UAE: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 73. Rest of MEA: Centrifugal Pump Market – Revenue and Forecast to 2028 (US$ Million)
Figure 74. Impact of COVID-19 Pandemic on Market in North American Countries
Figure 75. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 76. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 77. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets
Figure 78. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Centrifugal Pump Market
- EBARA CORPORATION
- Grundfos Holding A/S
- KIRLOSKAR BROTHERS LIMITED
- KSB SE & Co. KGaA
- PLEUGER INDUSTRIES
- Sulzer Ltd
- The Weir Group PLC
- Tsurumi Manufacturing Co., Ltd.
- WILO SE
- Xylem Inc.
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- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
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Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
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We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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