A research report on the Centrifugal Pump Market has recently been published by Stratview Research, which addresses the significant changes in the Centrifugal Pump Market. The study's purpose is to recognize recent market sizes for various segments and countries, as well as forecast values for the coming years. This research gives an analytical review of the market’s present trend and future estimates in order to find additional opportunities. The report is meant to provide both qualitative and quantitative aspects of the market in each of the areas and countries studied.

Market Insights

The centrifugal pump market size was estimated at USD 35.77 billion in 2021 and is likely to grow at a CAGR of 5.84% during 2022-2028 to reach USD 53.32 billion in 2028.

Investments in wastewater treatment plants in emerging economies majorly in the Middle East and Asia-Pacific are the key influencers that are driving the centrifugal pump market globally.

What is a centrifugal pump?

Centrifugal Pumps majorly find use in moving water or any other fluid using inducing the flow by building up the pressure of the fluid. The pumps are of different types such as overhung impellers, vertically suspended, and between bearings.

Centrifugal pumps are generally employed in power industries, oil & gas, water & wastewater, chemical, and others. The prominent advantages of the preference for a centrifugal pump entail its ease of operation, compactness in size, and foremost, it suitably aids to lift highly viscous liquid, such as sugar molasses, paper pulp, muddy and sewage water, and oil.

Profiling Key Companies –

  • Xylem Inc.
  • The Flowserve Corporation,
  • Grundfos,
  • Sulzer Ltd.,
  • ITT Corporation,
  • WILO SE,
  • Circor International Inc.,
  • Ebara Corporation,
  • Baker Hughes (A GE Company).

Segment Analysis

Based on the type, the market is segmented as an overhung impeller, vertically suspended, and between bearings. The overhung impeller segment dominated the market in 2021, and the segment is likely to maintain its dominance during the forecast period. The growth of the segment is owing to the extensive use of overhung impellers in commercial, residential, and industrial applications. In addition, they are also used in different end-use industries for power generation owing to their low cost as compared to bearing pumps.

Based on the stage type, the market is segmented as single-stage and multistage. The multistage segment is estimated to have substantial growth in the coming five years. Multistage pumps offer several advantages as they are suitable for operating in a host of flow/head situations.

Based on the end-user type, the market is segmented as industrial and commercial & residential. The industrial segment is expected to register higher growth during the forecast period. The market is driven by the increasing demand from the water and wastewater and agricultural sectors majorly in the countries such as India, Thailand, Saudi Arabia, Malaysia, Vietnam, and Nigeria.

In terms of regions, Asia-Pacific is expected to dominate the market in the coming five years. China and India are the growth engines of the region. The market is driven by the growing investments in the water and wastewater set-up in India and other South-Eastern countries.  North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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-        Assessment of the market

-        Competitive Landscape

-        COVID Impact Analysis

-        Value Chain Analysis

-        Historic Data, Estimates, and Forecast

-         Company Profiles

-        Global and Regional Dynamics

-        Future Business Scope & Opportunities Forecast

Custom Research:

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Critical Questions Answered in the Report

-        What are the key trends in the Centrifugal Pump Market?

-        How the market (and its various sub-segments) has grown in the last five years and what growth trajectory will it follow in the next five years?

-        On what scale has COVID-19 impacted the Centrifugal Pump Market?

-        What are some key strategies adopted by the market leaders in the Centrifugal Pump Market?

-        How much share of the Centrifugal Pump Market do the top players own?

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