Global Centrifugal Pump Market Size To Exceed USD 71.8 Billion By 2035 | CAGR OF 5.56%
Category: Energy & PowerGlobal Centrifugal Pump Market Size To Exceed USD 71.8 Billion By 2035
According to a Research Report Published by Spherical Insights & Consulting, The Global Centrifugal Pump Market Size is Expected to Grow from USD 41.8 Billion in 2024 to USD 71.8 Billion by 2035, at a CAGR of 5.56% during the forecast period 2025-2035.
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Browse key industry insights spread across 240 pages with 120 Market data tables and figures & charts from the report on the "Global Centrifugal Pump Market Size, Share, and COVID-19 Impact Analysis, By Operation (Electrical, Hydraulic, and Air Driven), By Stage (Single Stage and Multi-Stage), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2025 – 2035." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/centrifugal-pump-market
The Global Centrifugal Pump Market Size refers to the industry engaged in the production, distribution, and application of pumps that use rotational energy from impellers to move fluids across various sectors, including water treatment, oil and gas, chemicals, power, and agriculture. Key driving factors include rising demand for efficient water management, rapid industrialization, infrastructure development, and technological innovations like energy-efficient designs and smart monitoring systems. However, market growth is restrained by high maintenance costs, performance limitations in handling highly viscous fluids, and competition from alternative pumping technologies. Overall, the market shows strong potential, driven by sustainability initiatives and expanding industrial applications.
The electrical segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.
Based on the operation, the centrifugal pump market is divided into electrical, hydraulic, and air driven. among these, the electrical segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. Electric centrifugal pumps are known for their dependability and effectiveness. They can be fitted with variable frequency drives (VFDs) or electronic controllers, providing accurate control of pump speed and output. This flexibility improves their effectiveness in multiple applications, making them a favored option in sectors such as water treatment, oil and gas, and manufacturing.
The single stage segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the stage, the centrifugal pump market is divided into single stage and multi-stage. among these, the single stage segment accounted for the largest share in 2024 and is anticipated to grow at a significant CAGR during the forecast period. They are especially well-suited for uses with low to moderate total dynamic head (TDH) needs, making them appropriate for water distribution, irrigation, and wastewater management. Their capacity to manage higher flow rates effectively broadens their usefulness in multiple sectors.
Asia Pacific is expected to hold the majority share of the global centrifugal pump market during the forecast period.
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Asia Pacific is expected to hold the majority share of the global centrifugal pump market during the forecast period. The industrial infrastructure in the Asia-Pacific area is experiencing expansion owing to policies that favor businesses. Many Asian-Pacific nations are in a developmental stage, and the rapid population growth has resulted in a heightened demand for water supply. China is anticipated to represent the primary increase in crude oil refining in the Asia-Pacific region from 2023 to 2028. In 2021, China's capacity for oil refining reached 16.9 million barrels daily
North America is anticipated to grow at the fastest pace in the global centrifugal pump market during the forecast period. Centrifugal pumps play a crucial role in industries like oil and gas, water treatment, and power generation in North America. As shale oil production in the U.S
Major vendors in the global centrifugal pump market are Grundfos, Flowserve Corporation, Sulzer, Wilo SE, CIRCOR, Baker Hughes, Alfa Laval, Ingersoll Rand, WEG, Schlumberger, Kirloskar Brothers Limited, Pentair, VANSAN Water Technologies, PSP Pumps Pvt, Ltd, LEO Pump, Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In September 2024, Grundfos, a global leader in innovative pumping solutions and water technologies, unveiled revolutionary solutions designed to help industries achieve energy efficiency and net-zero emissions goals at the Industry End-User Fair 2024 in India.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the centrifugal pump market based on the below-mentioned segments:
Global Centrifugal Pump Market, By Operation
- Electrical
- Hydraulic
Global Centrifugal Pump Market, By Stage
- Single Stage
- Multi-Stage
Global Centrifugal Pump Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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