Centrifugal Pumps Market

By Operation;

Electrical, Hydraulic and Air-Driven

By Stage;

Single Stage and Multistage

By End-User;

Industrial [Oil & Gas, Water & Wastewater, Mining & Metals, Chemicals, Power Generation, Food & Beverages, Pharmaceuticals, Pulp & Paper, Agriculture, Automotive and Textiles] and Commercial & Residential

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn289062365 Published Date: September, 2025 Updated Date: October, 2025

Centrifugal Pumps Market Overview

Centrifugal Pumps Market (USD Million)

Centrifugal Pumps Market was valued at USD 33,795.17 million in the year 2024. The size of this market is expected to increase to USD 46,922.77 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.8%.


Centrifugal Pumps Market

*Market size in USD million

CAGR 4.8 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.8 %
Market Size (2024)USD 33,795.17 Million
Market Size (2031)USD 46,922.77 Million
Market ConcentrationHigh
Report Pages335
33,795.17
2024
46,922.77
2031

Major Players

  • Baker Hughes Company
  • Dover Corporation
  • Ebara Corporation
  • Flowserve Corporation
  • ITT Inc.
  • KSB SE & Co. KGaA
  • Ruhrpumpen Group
  • Schlumberger Ltd

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Centrifugal Pumps Market

Fragmented - Highly competitive market without dominant players


The Centrifugal Pumps Market is growing steadily as industries focus on efficient and reliable pumping solutions. Over 56% of facilities rely on centrifugal pumps for water supply, chemical processing, and wastewater applications. Their high efficiency and simple yet robust design have made them the most widely used pump category.

Efficiency and Reliability Supporting Adoption
The popularity of centrifugal pumps is strongly driven by their performance advantages. Research shows that nearly 47% of users achieve improved operational output and reduced downtime when using these pumps. Their adaptability to handle a wide range of fluids reinforces their importance across multiple industries.

Advances in Pump Technology
Technological advancements are transforming the market, with close to 42% of new centrifugal pumps incorporating smart controls, variable speed drives, and innovative impeller designs. These improvements boost energy efficiency, reduce maintenance, and ensure longer operational lifespans.

Eco-Friendly and Energy-Efficient Designs
Sustainability trends are influencing adoption, with approximately 49% of manufacturers developing centrifugal pumps that minimize energy consumption and environmental impact. These eco-friendly solutions align with global energy-saving and green technology initiatives.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Operation
    2. Market Snapshot, By Stage
    3. Market Snapshot, By End User
    4. Market Snapshot, By Region
  4. Centrifugal Pumps Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Industrial Expansion and Modernization
        2. Technological Advancements Boost Efficiency
        3. Increasing Water Infrastructure Needs
        4. Demand from Oil & Gas
        5. Growing Urbanization Drives Demand
      2. Restraints
        1. High Maintenance Costs
        2. Environmental Regulations Impact
        3. Volatility in Raw Materials
        4. Intense Market Competition
        5. Energy Efficiency Concerns
      3. Opportunities
        1. Emerging Economies Demand Surge
        2. Adoption of Smart Pumping Systems
        3. Focus on Renewable Energy
        4. Increased Focus on Water Management
        5. Retrofitting Existing Infrastructures
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Centrifugal Pumps Market, By Operation, 2021 - 2031 (USD Million)
      1. Electrical
      2. Hydraulic
      3. Air-Driven
    2. Centrifugal Pumps Market, By Stage, 2021 - 2031 (USD Million)
      1. Single Stage
      2. Multistage
    3. Centrifugal Pumps Market, By End-User, 2021 - 2031 (USD Million)
      1. Industrial
        1. Oil & Gas
        2. Water & Wastewater
        3. Mining & Metals
        4. Chemicals
        5. Power Generation
        6. Food & Beverages
        7. Pharmaceuticals
        8. Pulp & Paper
        9. Agriculture
        10. Automotive
        11. Textiles
      2. Commercial & Residential
    4. Centrifugal Pumps Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Grundfos
      2. Flowserve Corporation
      3. KSB
      4. Xylem Inc.
      5. Sulzer
      6. Wilo SE
      7. ITT Inc.
      8. CIRCOR
      9. Baker Hughes
      10. Alfa Laval
      11. Ingersoll Rand
      12. WEG
      13. Kirloskar Brothers Limited
      14. Pentair
      15. EBARA Corporation
  7. Analyst Views
  8. Future Outlook of the Market