Summary

Centrifugal Pump Market Size, Share, and Analysis, By Type (Vertically Suspended, Between Bearing, Overhung Impeller and Others), By Stage (Single Stage, Multistage), By Operation (Electrical, Hydraulic and Air Driven), By End User (Industrial, Commercial & Residential) and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW
Centrifugal Pump Market is estimated to grow at a CAGR of 5.3% in the forecast period (2024-2034), with the market size valued at USD 37.1 billion in 2023 and estimated to reach USD 65.2 billion by 2034.
Centrifugal Pump is a dynamic device which is used in order to transport fluids by converting mechanical energy to kinetic energy with the assistance of a motor or engine. These pumps work under the law of centrifugal force, where the rotation of an impeller within a pump generates centrifugal force, making the fluid move outward from the centre of rotation. Centrifugal pumps find applications across various industrial verticals including water supply, wastewater solutions, chemical processing and oil and gas, due to their efficiency, flexibility and consistency. Added to that, their ability to handle vast volumes of fluids and adapt to changing conditions make them crucial for a wide range of industries, strengthening their place in modern industry.

MARKET HIGHLIGHTS
Centrifugal Pump Market is anticipated to reach USD 65.2 billion, growing at a CAGR of 5.3% during the forecast period due to the increasing industrialization, urbanization and growing demand for water and wastewater management solutions. Further, the expansion of the oil and gas industries, where centrifugal pumps are used for fluid transfer, contributes to market growth. These pumps are preferred for their efficiency, capacity to handle enormous fluid volumes, and low maintenance requirements. Pump technological advancements, such as increased energy efficiency and the incorporation of smart sensors for performance monitoring, contribute to their growing popularity. As we move forward, the continued infrastructural growth around the world, as well as increased environmental restrictions, are expected to augment demand for centrifugal pumps.

Centrifugal Pump Market Segments:

• By Type
o Vertically Suspended
o Between Bearing
o Overhung Impeller
o Others
• By Stage
o Single Stage
o Multistage
• By Operation
o Electrical
o Hydraulic
o Air Driven
• By End User
o Industrial
o Commercial
o Residential


MARKET DYNAMICS
Growth Drivers
Rising Industrial Growth Has Been Effective for the Positive Growth of Centrifugal Pump Market
Urbanization and Infrastructural Development in Various Countries Have Been Pivotal in Boosting the Overall Growth in the Market Sphere.
Restraint
High Operational and Maintenance Costs Pose a Significant Challenge for the Centrifugal Market

Key Players
• Sulzer Ltd.
• Grundfos
• Xylem Inc.
• Flowserve Corporation
• KSB Group
• ITT Goulds Pumps
• Ebara Corporation
• Weir Group PLC
• Wilo SE
• Tsurumi Pump
• Ruhrpumpen Group
• Pentair plc
• Kirloskar Brothers Limited
• Baker Hughes
• Schlumberger Limited
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)


Global Laboratory Temperature Control Units Market is further segmented by region into:
• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA


Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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Table of Contents

1. Executive Summary
1.1.Regional Market Share
1.2. Business Trends
1.3.Centrifugal Pump Market: COVID-19 Outbreak
1.4.Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1. Research Objective
2.2.Research Approach
2.3.Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2.Public Sources
2.6.Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1. Market Definition
3.2.Centrifugal Pump Market: COVID-19 Impact
3.3.Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4. Centrifugal Pump Market – Industry Insights
4.1.Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7.Market Dynamics
7.1. Introduction
7.2.Growth Drivers
7.3.Market Opportunities
7.4. Market Restraints
7.5.Market Trends
8. Risk Analysis
9. Market Analysis
9.1. Porters Five Forces
9.2.PEST Analysis
9.2.1. Political
9.2.2.Economic
9.2.3.Social
9.2.4.Technological
10. Centrifugal Pump Market
10.1.Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11.Centrifugal Pump Market Size & Forecast 2024A-2034F
11.1.Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Type
11.3.1.1. Vertically Suspended
11.3.1.1.1. By Value (USD Million) 2024-2034F
11.3.1.1.2.Market Share (%) 2024-2034F
11.3.1.1.3.Y-o-Y Growth (%) 2024-2034F
11.3.1.2.Between Bearing
11.3.1.2.1.By Value (USD Million) 2024-2034F
11.3.1.2.2. Market Share (%) 2024-2034F
11.3.1.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.3.Overhung Impeller
11.3.1.3.1.By Value (USD Million) 2024-2034F
11.3.1.3.2. Market Share (%) 2024-2034F
11.3.1.3.3. Y-o-Y Growth (%) 2024-2034F
11.3.1.4.Others
11.3.1.4.1.By Value (USD Million) 2024-2034F
11.3.1.4.2. Market Share (%) 2024-2034F
11.3.1.4.3. Y-o-Y Growth (%) 2024-2034F
11.3.2. By Stage
11.3.2.1.Single Stage
11.3.2.1.1.By Value (USD Million) 2024-2034F
11.3.2.1.2. Market Share (%) 2024-2034F
11.3.2.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.2.2. Multistage
11.3.2.2.1. By Value (USD Million) 2024-2034F
11.3.2.2.2.Market Share (%) 2024-2034F
11.3.2.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3. By Operation
11.3.3.1.Electrical
11.3.3.1.1.By Value (USD Million) 2024-2034F
11.3.3.1.2. Market Share (%) 2024-2034F
11.3.3.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.3.2. Hydraulic
11.3.3.2.1. By Value (USD Million) 2024-2034F
11.3.3.2.2.Market Share (%) 2024-2034F
11.3.3.2.3.Y-o-Y Growth (%) 2024-2034F
11.3.3.3.Air Driven
11.3.3.3.1. By Value (USD Million) 2024-2034F
11.3.3.3.2.Market Share (%) 2024-2034F
11.3.3.3.3.Y-o-Y Growth (%) 2024-2034F
11.3.4. By End User
11.3.4.1.Industrial
11.3.4.1.1.By Value (USD Million) 2024-2034F
11.3.4.1.2. Market Share (%) 2024-2034F
11.3.4.1.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.2. Commercial
11.3.4.2.1. By Value (USD Million) 2024-2034F
11.3.4.2.2.Market Share (%) 2024-2034F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
11.3.4.3.Residential
11.3.4.3.1. By Value (USD Million) 2024-2034F
11.3.4.3.2. Market Share (%) 2024-2034F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F

12. North America Centrifugal Pump Market Size & Forecast 2024A-2034F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Type
12.3.2.By Stage
12.3.3.By Operation
12.3.4.By End user
12.4. Country
12.4.1. United States
12.4.2.Canada
13. Europe Centrifugal Pump Market Size & Forecast 2024A-2034F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Type
13.3.2.By Stage
13.3.3.By Operation
13.3.4.By End user
13.4. Country
13.4.1.Germany
13.4.2.United Kingdom
13.4.3.France
13.4.4. Italy
13.4.5.Spain
13.4.6.Russia
13.4.7.Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14. Asia-Pacific Centrifugal Pump Market Size & Forecast 2024A-2034F
14.1.Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Type
14.3.2.By Stage
14.3.3.By Operation
14.3.4. By End user
14.4. Country
14.4.1. India
14.4.2.China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15. Middle East and Africa Centrifugal Pump Market Size & Forecast 2024A-2034F
15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Type
15.3.2.By Stage
15.3.3.By Operation
15.3.4.By End user
15.4. Country
15.4.1. Israel
15.4.2.GCC
15.4.3.North Africa
15.4.4. South Africa
15.4.5.Rest of Middle East and Africa
16. Latin America Centrifugal Pump Market Size & Forecast 2024A-2034F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Type
16.3.2.By Stage
16.3.3.By Operation
16.3.4.By End user
16.4. Country
16.4.1. Mexico
16.4.2.Brazil
16.4.3.Rest of Latin America
17. Competitive Landscape
17.1. Company market share, 2023
17.2.Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. Sulzer Ltd.
18.1.1.Company Overview
18.1.2.Financial Overview
18.1.3.Key Product; Analysis
18.1.4.Company Assessment
18.1.4.1.Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Grundfos
18.3. Xylem Inc.
18.4.Flowserve Corporation
18.5. KSB Group
18.6. ITT Goulds Pumps
18.7. Ebara Corporation
18.8.Weir Group PLC
18.9. Wilo SE
18.10.Tsurumi Pump
18.11.Ruhrpumpen Group
18.12.Pentair plc
18.13.Kirloskar Brothers Limited
18.14.Baker Hughes
18.15.Schlumberger Limited
18.16. Other Prominent Players
19. Appendix
20.Consultant Recommendation