Centrifugal Pump Market is set to experience a significant growth rate of 5.90% CAGR from 2023 to 2030

Global Centrifugal Pump Market Size study & Forecast, by Operation Type, by Stage, by Type, by End-user and Regional Analysis, 2023-2030, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Centrifugal Pump market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Centrifugal Pump market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get the whole report, which includes a chart and more than 100 tables and figures. – Comprehensive Analysis of COVID-19 Market Outbreak Impact and Regional Situation

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Global Centrifugal Pump Market is valued at approximately USD 38.76 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.90% over the forecast period 2023-2030. The centrifugal pump market refers to the global industry involved in the design, manufacture, and sale of centrifugal pumps. Centrifugal pumps are mechanical devices that use rotating impellers to increase the pressure and flow of fluid within a system. The major driving factors for the Global Centrifugal Pump Market are rising demand for water and wastewater management in developed countries and increasing construction activities of residential and commercial spaces. Moreover, rising investment in wastewater treatment plants and rapid urbanization are creating lucrative growth opportunities for the market over the forecast period 2023-2030.

As per the World Health Organization (WHO), by 2026, half of the world’s population is predicted to reside in water-scarce regions. Consequently, there will be a significant expansion of water and wastewater treatment infrastructure across the globe in the upcoming years. This anticipated growth is expected to fuel the demand for centrifugal pumps. The cost-effective modular design of wastewater treatment facilities has led to a reduction in the initial investment required, making them an attractive option. Furthermore, these plants can be easily expanded as the need for increased capacity arises due to higher wastewater flow and treatment requirements. Along with this, in February 2019, Kemira, a global chemical company specializing in water treatment, launched its new anionic flocculant, Kemira Fennobind A100, for use in municipal and industrial wastewater treatment. The product is designed to improve floc formation and settling rates, leading to more efficient and effective wastewater treatment. Similarly, in April 2020, SNF Floerger, a leading producer of water-soluble polymers, announced plans to expand its production capacity for anionic flocculants in Asia. The company cited strong demand for these products from the region’s growing wastewater treatment market as the reason for the expansion. However, the high cost of Centrifugal Pumps stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Centrifugal Pump Market study include: Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. The North American centrifugal pump market is dominating due to the growing demand for water and wastewater treatment, as well as the expansion of the oil and gas industry in the region. The United States and Canada are the major markets in this region. The Asia-Pacific region is projected to be the fastest-growing market for centrifugal pumps due to the increasing population, urbanization, and industrialization in emerging economies like China and India. The region also experiences water scarcity, which is expected to drive the demand for water treatment facilities and centrifugal pumps.

Major market players included in this report are:

  • Grundfos (Denmark)
  • Xylem (US)
  • KSB (Germany)
  • Flowserve (US)
  • Sulzer (Switzerland)
  • Wilo (Germany)
  • Weir (UK)
  • ITT Corporation (US)
  • CIRCOR International (US)
  • Baker Hughes (A GE Company) (US)

Recent Developments in the Market:

In November 2020, Sulzer received a contract from Ringkøbing-Skjern Forsyning A/S, a Danish water utility, to provide pumps for a flood defense project. The project involves the construction of two new pumping stations to combat rising water levels caused by rain, drainage, and cloudburst water. Sulzer will supply one XFP baseload pump and three VUPX peak load pumps for the Ringkøbing pumping station, and one XFP baseload pump and four VUPX peak load pumps for the Skælbækker station.

In May 2020, Wilo established a new headquarters and production facility in Cedarburg, Wisconsin, USA, expanding its presence. The new facility will combine the operations of Wilo USA, Weil Pump, Scot Pump, and Wilo Machine Co. into a single production site.

Global Centrifugal Pump Market Report Scope:

Historical Data: 2020 – 2021

Base Year for Estimation: 2022

Forecast period: 2023-2030

Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends

Segments Covered: Operation type, Stage, Type, End-user, Region

Regional Scope: North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Customization Scope: Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Operation type offerings of key players. The detailed segments and sub-segment of the market are explained below.

By Operation type:

  • Electrical
  • Hydraulic
  • Air-Driven

By Stage:

  • Single Stage
  • Multistage

By Type:

  • Overhung Impeller
  • Vertically Suspended
  • Between Bearing

By End-user:

  • Industrial
  • Commercial
  • Residential

What our report offers:

  • Executive Summary: A concise overview of the report, highlighting the main points, key findings, and recommendations.
  • Introduction: Sets the context for the report by explaining the purpose, scope, and objectives. It may also include background information on the topic.
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  • Analysis and Interpretation: Provides an in-depth examination and interpretation of the findings. It may involve comparing data, identifying trends, and drawing conclusions based on the evidence presented.
  • Discussion: Explores the implications and significance of the findings within the broader context. This section may address challenges, opportunities, and potential solutions related to the subject matter.
  • Recommendations: Offers actionable suggestions based on the analysis and findings of the report. Recommendations should be specific, feasible, and linked to the report’s objectives.
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  • Appendices: Supplementary materials such as additional data, charts, or supporting documents that are relevant to the report but not included in the main body.
  • Conclusion: Summarizes the key points discussed in the report and reinforces the main findings.

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  • What are the key drivers influencing market growth?
  • What are the major challenges or constraints faced by market participants?
  • What are the emerging trends and opportunities in the market?
  • Who are the major competitors in the market and what is their market share?
  • What are the key customer segments and their preferences within the market?
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  • What are the regulatory and legal factors impacting the market?
  • What are the technological advancements or innovations shaping the market?
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Key Points Covered in Centrifugal Pump Market Report:

Table of Contents

Chapter 1. Executive Summary

1.1. Market Snapshot

1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)

1.2.1. Centrifugal Pump Market, by Region, 2020-2030 (USD Billion)

1.2.2. Centrifugal Pump Market, by Operation type, 2020-2030 (USD Billion)

1.2.3. Centrifugal Pump Market, by Stage, 2020-2030 (USD Billion)

1.2.4. Centrifugal Pump Market, by Type, 2020-2030 (USD Billion)

1.2.5. Centrifugal Pump Market, by End-user, 2020-2030 (USD Billion)

1.3. Key Trends

1.4. Estimation Methodology

1.5. Research Assumption

Chapter 2. Global Centrifugal Pump Market Definition and Scope

2.1. Objective of the Study

2.2. Market Definition & Scope

2.2.1. Industry Evolution

2.2.2. Scope of the Study

2.3. Years Considered for the Study

2.4. Currency Conversion Rates

Chapter 3. Global Centrifugal Pump Market Dynamics

3.1. Centrifugal Pump Market Impact Analysis (2020-2030)

3.1.1. Market Drivers

3.1.1.1. Rising demand for water and wastewater management in developed countries

3.1.1.2. Increasing Construction Activities of Residential and Commercial Spaces

3.1.2. Market Challenges

3.1.2.1. High Cost of Centrifugal Pump

3.1.3. Market Opportunities

3.1.3.1. Rising investment in wastewater treatment plants

3.1.3.2. Rapid urbanization

Chapter 4. Global Centrifugal Pump Market Industry Analysis

4.1. Porter’s 5 Force Model

4.1.1. Bargaining Power of Suppliers

4.1.2. Bargaining Power of Buyers

4.1.3. Threat of New Entrants

4.1.4. Threat of Substitutes

4.1.5. Competitive Rivalry

4.2. Porter’s 5 Force Impact Analysis

4.3. PEST Analysis

4.3.1. Political

4.3.2. Economical

4.3.3. Social

4.3.4. Technological

4.3.5. Environmental

4.3.6. Legal

4.4. Top investment opportunity

4.5. Top winning strategies

4.6. COVID-19 Impact Analysis

4.7. Disruptive Trends

4.8. Industry Expert Perspective

4.9. Analyst Recommendation & Conclusion

……..and view more in complete table of Contents

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