Global Industrial Centrifugal Pump
Market Report
2024
As per the Cognative Market Research's latest report, The Industrial Centrifugal Pump market was valued at USD 34.47 billion in 2022 and is projected to reach USD 51.18 billion by 2030, registering a CAGR of 5.1% for the forecast period 2023-2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per the Cognative Market Research's latest report, The Industrial Centrifugal Pump market was valued at USD 34.47 billion in 2022 and is projected to reach USD 51.18 billion by 2030, registering a CAGR of 5.1% for the forecast period 2023-2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Industrial Centrifugal Pump Market Sales Revenue 2022 | $ 34.47 Billion |
Global Industrial Centrifugal Pump Market Sales Revenue 2030 | $ 51.18 Billion |
Global Industrial Centrifugal Pump Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.1% |
Market Split by Type |
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Market Split by End Use |
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Market Split by Stage |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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The Industrial Centrifugal Pump is estimated to be valued at USD 34.47 Billion in 2022 and is expected to reach USD 51.18 Billion by 2030, registering a CAGR of 5.1% during the forecast period.
An industrial pump is a mechanical device that is used to convert mechanical energy from motor to hydraulic energy as it is used to transfer fluid. A centrifugal pump is a device that is used for the movement of fluid by the rotational energy from the impellers. The centrifugal pump is used in the industries such as chemicals, paints, cellulose, hydrocarbons, food and beverages, petrochemicals, pharmaceutical, and sugar refining for the transformation of water, chemicals, and light fuels. Rapid industrialization and the expansion of wastewater treatment product demand are driving the industrial centrifugal pump market.
The increasing product demand of the wastewater industry which is fuelling rapid industrialization, is one of the major factors boosting the growth of the market. The wastewater treatment facilities have decreased the first essential expenditure, making them financially applicable. The increasing requirement to exchange industrial pumps in the food and beverages and pharmaceutical industry is also spiking market growth. Additionally, the oil and gas industry has diversified the range of its products to perform investigational activities in deep-water areas over the globe. The growth in population and increasing demand for water in industries are projected to propel the formation of new water treatment.
Additionally, centrifugal pumps help in resolving low-pressure and also offer energy-efficient water transfer solutions in buildings. Centrifugal pumps are mostly used in wastewater treatments to generate flow and pressure, which makes them do the movement of liquids from long distances or counter to high pressure. The increasing number of wastewater plants over the globe is boosting the demand for centrifugal pumps. Centrifugal pumps use an internal impeller with the help of centrifugal force to push the material out of the wall to pump the forced fluid out of the pump. However, various advanced technology, like development in 3D printed impellers and the use of modeling software, are also contributing market to growth. This development contributes to improving the pump performance, lowering the production cost, and the highest output pressure and flow rate.
What are the factors that are restraining the Industrial Centrifugal Pump Market?
Cavitation occurs when the pressure at the discharge end of the pump is too high, which leads to the formation of vapor bubbles with a centrifugal pump. The high discharge pressure restricts the volume of fluid which is flowing out of the pump, high-velocity fluid is rereleased again between the pump impeller and housing. These vapor bubbles then immigrate to the areas of high pressure among the pumps, where they destruct into sufficient pressure and regain their liquid state. To disconnect from the impeller surfaces, low-frequency vibration, damage to centrifugal pumps the crumbling of the bubbles causes the tiny fragments of metal. The cavitation affects the performance of the pump, which leads to sales reduction, and increasing in cost. Therefore, the failure of the cavitation and dry-run situation hinder the centrifugal pump market growth.
The COVID-19 outbreak has negatively impacted the industrial centrifugal pump market. The pumps are used in several industries, including residential properties, the agriculture sector, the chemical sector, and others. During COVID-19 the cost of the pumps was hampered due to the temporary lockdown, which drastically affected the economy of the world and the financial status of the companies has also been impeded.
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Global flow equipment specialist Sulzer has extended its portfolio of clean water pumps with the launch of the SES and SKS ranges. These new EN733 standard pumps are an efficient, reliable, and cost-effective proposition for municipalities, water treatment facilities, and commercial and irrigation applications.
(https://www.sulzer.com/en/shared/news/220111-sulzer-expands-clean-water-pump-portfolio)
EBARA’s mid-term management plan “E-Plan 2022”, in order to strengthen development capability to be more competitive. The newly launched Model 3E/3ES Pump is a vertical, single centrifugal pump, mono-block, and close coupled. As the suction and the discharge port are in a straight line, easy installation is possible in the piping layout. Another advantage is the installation footprint can be saved and used for liquid circulation in the equipment such as for HVAC (Heating, Ventilation, and Air Conditioning), heat exchangers, and chillers for the building.
(https://www.ebara.co.jp/en/corporate/newsroom/release/company/detail/1207165_10220.html)
Top Companies Market Share in Industrial Centrifugal Pump Industry: (In no particular order of Rank)
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Tremendously rising demand for energy, coupled with a multifold rise in producing and processing industries. The major players of pump manufacturers in the region, and strict government guidelines and initiatives to reduce water pollution and treat water sewage, which positively impact the European market. Additionally, the rising adoption of cooling systems and space heating along with the new power generation plants, will boost the market in the forecast period. Increasing oil & gas production and high hydrocarbon reserves will fuel the growth of the market.
Additionally, North America is observed to the stable growth with the United States significantly leading the industry landscape. The rising expense of construction, along with the long-standing improvement of industries, will support to increase in the market share in the region. In addition, Middle East & Africa are likely to show substantial growth considering the high investments to do advanced development in oil & gas fields.
The current report Scope analyzes Industrial Centrifugal Pump Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Industrial Centrifugal Pump Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Industrial Centrifugal Pump Industry growth. Industrial Centrifugal Pump market has been segmented with the help of its Type, End Use Stage, and others. Industrial Centrifugal Pump market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The overhung centrifugal pump utilizes one impeller that is installed on the shaft and is suspended by one end of the bearings. The centrifugal pumps are favored towards overhung centrifugal pumps compared to the bearing whenever high flow rates, heavy loading of the pump, and high pressure occur. The overhung impeller centrifugal pumps are used in industrial, residential, and commercial. Additionally, they are also used in other industries for power generation due to their lower cost compared with bearing pumps. Therefore, the overhung impeller segment is dominating the industrial centrifugal pump market growth.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Industrial Centrifugal Pump Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Industrial Centrifugal Pump from 2019 to 2031. This will also help to analyze the demand for Industrial Centrifugal Pump across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key End Use of Industrial Centrifugal Pump are:
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The single-stage centrifugal pump has one impeller and is intentionally too low-head centrifugal pump. Single-stage centrifugal pump is mostly used for domestic, slurry pumping, sewage pumping, and general industrial pumping and is suitably used when the dynamic head is at low-to-moderate. The low maintenance cost and dependency on single-stage pumps with moderate dynamic heads, like water pumping stations, are the most common applications among the centrifugal pumps, and are projected to boost the demand for the single-stage pumps globally.
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Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
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Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Industrial Centrifugal Pump Market is witnessing significant growth in the near future.
In 2023, the Overhung Impeller segment accounted for noticeable share of global Industrial Centrifugal Pump Market and is projected to experience significant growth in the near future.
The Oil and Gas segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Grundfos, ANDRITZ and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Overhung Impeller, Between Bearing, Vertically Suspended |
End Use | Oil and Gas, Water and Wastewater, Mining and Metal, Chemicals, Power Generation, Food and Beverages, Pharmaceuticals, Pulp & Paper, Agriculture, Automotive, Textiles |
Stage | Single Stage, Multi-Stage |
List of Competitors | Grundfos, KSB, ANDRITZ, Emerson, Gorman-Rupp Pumps, Xylem, Flowserve, Leo, SPX FLOW, Sulzer, Nanfang Pump, WILO, EAST Pump, CAPRARI SpA, Shanghai Kaiquan Pump, Lubi Industries LLP, Baiyun |
This chapter will help you gain GLOBAL Market Analysis of Industrial Centrifugal Pump. Further deep in this chapter, you will be able to review Global Industrial Centrifugal Pump Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by End Use Analysis 2019 -2031
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Chapter 12 Market Split by Stage Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Industrial Centrifugal Pump market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Overhung Impeller have a significant impact on Industrial Centrifugal Pump market? |
What are the key factors affecting the Overhung Impeller and Between Bearing of Industrial Centrifugal Pump Market? |
What is the CAGR/Growth Rate of Oil and Gas during the forecast period? |
By type, which segment accounted for largest share of the global Industrial Centrifugal Pump Market? |
Which region is expected to dominate the global Industrial Centrifugal Pump Market within the forecast period? |
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Additional Data Analysis |
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Additional Quantitative Data |
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