[154 Pages Report] The global centrifugal pump market reached a size of USD 29.61 Billion in 2016; it is projected to reach USD 36.98 Billion by 2022, growing at a CAGR of 3.83%, from 2017 to 2022. Increasing investments in infrastructure development activities, high demand for wastewater treatment plants, and growing urbanization in developing regions such as Asia Pacific, Africa, and the Middle East are driving the centrifugal pump market.
This report segments the market based on type, stage, end-user, and region. The years considered for the study are as follows:
The base year considered for company profiles is 2016. Whenever information was unavailable for the base year, the prior year has been considered.
Objectives of the Study
Research Methodology
This research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource, to identify and collect information useful for a technical, market-oriented, and commercial study of the centrifugal pump market. Primary sources are mainly industry experts from the core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standards and certification organizations of companies, and organizations related to all the segments of this industrys value chain. The points below explain the research methodology.
After arriving at the overall market size, the total market has been split into several segments and sub-segments. The figure below illustrates the breakdown of primaries conducted during the research study, based on the company type, designation, and region.
To know about the assumptions considered for the study, download the pdf brochure
Some of the leading global manufacturers of centrifugal pump market are Flowserve (US), ITT (US), KSB (Germany), Grundfos (Denmark), Sulzer (Switzerland), and Wilo (Germany).
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Scope of the Report:
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Regional Analysis
Company Information
The centrifugal pump market is estimated to reach a market size of USD 30.65 Billion in 2017 and grow at a CAGR of 3.83%, from 2017 to 2022. Growing industrial demand accompanied by increasing investments in wastewater treatment plants in developing countries mainly in Asia Pacific and the Middle East are the key factors driving the market during the forecast period.
The report segments the centrifugal pump market, on the basis of type, into overhung impeller, vertically suspended, and between bearings. The overhung impeller segment led the market in 2016. Overhung impeller pumps are widely used in various applications including residential, commercial buildings, and industrial settings for light applications. They are also used in the power generation sector by various end-users due to their lower costs as compared to between bearing pumps.
The global centrifugal pump market, by stage, has been segmented into single stage and multistage, with the latter segment growing at a faster pace. Multistage pumps provide many key benefits as they are capable of operating in a wide range of flow/head scenarios. Driven by higher efficiency and increasing investments in the industrial sector, the number of multistage installations is expected to increase during the forecast period.
The report further segments the centrifugal pump market, by end-user, into industrial and commercial and residential. The industrial segment is expected to grow at the highest CAGR during the forecast period. The growing demand from the water and wastewater and agriculture sectors is driving the industrial segment, especially in countries such as India, Saudi Arabia, Thailand, Vietnam, Malaysia, and Nigeria. As centrifugal pumps are preferred for industrial operations, a rise in the demand from the industrial sector is expected to drive the growth of the global market during the forecast period.
In this report, the centrifugal pump market has been analyzed with respect to 6 regions, namely, Asia Pacific, Europe, North America, South America, Middle East, and Africa. Asia Pacific is expected to dominate the market during the forecast period due to increased investments in water and wastewater infrastructure in India and countries in South-East Asia and growing industrialization in the region. The figure below shows the projected market sizes of various regions with respective CAGRs for 2022.
The major factor restraining the growth of the centrifugal pump market is stagnant growth in the oil & gas industry as centrifugal pumps are utilized for day-to-day operations in the oil & gas industry Reduced investments in new projects, as well as the cancellation of existing projects, have also affected the demand for centrifugal pumps in the oil & gas sector.
Some of the leading players in the centrifugal pump market are ITT (US), Flowserve (US), KSB (Germany), Sulzer (Switzerland), and Grundfos (Denmark). These players have adopted growth strategies such as new product launches, contracts & agreements, mergers & acquisitions, and expansions to capture a larger share of the market.
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Table of Contents
1 Introduction (Page No. - 14)
1.1 Objectives of the Study
1.2 Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regional Scope
1.4 Years Considered for the Study
1.5 Currency
1.6 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Introduction
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown & Data Triangulation
2.4 Assumptions
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 30)
4.1 Attractive Opportunities in the Centrifugal Pump Market
4.2 Market, By Country
4.3 Market, By Type
4.4 Market, By Stage
4.5 Market, By End-User
4.6 Asia Pacific Centrifugal Pump Market, By Country and Type
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Demand From Water and Wastewater and Infrastructure Industry in Asia Pacific
5.2.1.2 Investments in Non-Oil Sector in the Middle East
5.2.2 Restraints
5.2.2.1 Stagnancy in Oil & Gas Industry
5.2.2.2 Cavitation Effect in Centrifugal Pumps
5.2.3 Opportunities
5.2.3.1 Increasing Investments in Wastewater Treatment Plants in Developing Countries
5.2.4 Challenges
5.2.4.1 Availability of Low Cost and Inferior Quality Pump Products
6 Market, By Type (Page No. - 39)
6.1 Introduction
6.2 Overhung Impeller
6.3 Vertically Suspended
6.4 Between Bearing
7 Market, By Stage (Page No. - 44)
7.1 Introduction
7.2 Single Stage
7.3 Multistage
8 Market, By End-User (Page No. - 48)
8.1 Introduction
8.2 Industrial
8.2.1 Water and Wastewater
8.2.2 Oil & Gas
8.2.3 Chemical
8.2.4 Power
8.2.5 Others
8.3 Commercial & Residential
9 Market, By Region (Page No. - 55)
9.1 Introduction
9.2 Asia Pacific
9.2.1 By Type
9.2.2 By Stage
9.2.3 By End-User
9.2.4 By Country
9.2.4.1 China
9.2.4.2 India
9.2.4.3 Japan
9.2.4.4 South Korea
9.2.4.5 Rest of Asia-Pacific
9.3 Europe
9.3.1 By Type
9.3.2 By Stage
9.3.3 By End-User
9.3.4 By Country
9.3.4.1 Germany
9.3.4.2 Russia
9.3.4.3 UK
9.3.4.4 Italy
9.3.4.5 Rest of Europe
9.4 North America
9.4.1 By Type
9.4.2 By Stage
9.4.3 By End-User
9.4.4 By Country
9.4.4.1 US
9.4.4.2 Canada
9.4.4.3 Mexico
9.5 Middle East
9.5.1 By Type
9.5.2 By Stage
9.5.3 By End-User
9.5.4 By Country
9.5.4.1 Saudi Arabia
9.5.4.2 UAE
9.5.4.3 Iran
9.5.4.4 Qatar
9.5.4.5 Rest of the Middle East
9.6 South America
9.6.1 By Type
9.6.2 By Stage
9.6.3 By End-User
9.6.4 By Country
9.6.4.1 Brazil
9.6.4.2 Argentina
9.6.4.3 Rest of South America
9.7 Africa
9.7.1 By Type
9.7.2 By Stage
9.7.3 By End-User
9.7.4 By Country
9.7.4.1 South Africa
9.7.4.2 Nigeria
9.7.4.3 Rest of Africa
10 Competitive Landscape (Page No. - 92)
10.1 Overview
10.2 Ranking of Players, 2016
10.3 Competitive Scenario
10.3.1 Contracts & Agreements
10.3.2 Expansions & Investments
10.3.3 New Product Launches
10.3.4 Mergers & Acquisitions
10.3.5 Others
11 Company Profiles (Page No. - 98)
11.1 Benchmarking
(Business Overview, Products Offered, Recent Developments, MnM View)*
11.2 Xylem
11.3 Flowserve
11.4 Grundfos
11.5 KSB
11.6 Sulzer
11.7 ITT Corporation
11.8 Wilo
11.9 Circor International
11.10 Ebara Corporation
11.11 Weir
11.12 Baker Hughes (A GE Company)
11.13 Pentair
11.14 Someflu
*Details on Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
12 Appendix (Page No. - 146)
12.1 Insights of Industry Experts
12.2 Discussion Guide
12.3 Knowledge Store: Marketsandmarkets Subscription Portal
12.4 Introducing RT: Real-Time Market Intelligence
12.5 Available Customizations
12.6 Related Reports
12.7 Author Details
List of Tables (69 Tables)
Table 1 Global Centrifugal Pump Market Snapshot
Table 2 Global Market Size, By Type, 20172022 (USD Billion)
Table 3 Overhung Impeller: Market Size, By Region, 20152022 (USD Billion)
Table 4 Vertically Suspended: Market Size, By Region, 20152022 (USD Billion)
Table 5 Between Bearing: Market Size, By Region, 20152022 (USD Billion)
Table 6 Global Centrifugal Pump Market Size, By Stage, 20152022 (USD Billion)
Table 7 Single Stage: Market Size, By Region, 20152022 (USD Billion)
Table 8 Multistage: Market Size, By Region, 20152022 (USD Billion)
Table 9 Global Market Size, By End-User, 20152022 (USD Billion)
Table 10 Industrial: Centrifugal Pump Market Size, By Region, 20152022 (USD Billion)
Table 11 Industrial: Market Size, By Application, 20152022 (USD Billion)
Table 12 Water and Wastewater: Market Size, By Region, 20152022 (USD Million)
Table 13 Oil & Gas: Centrifugal Pump Market Size, By Region, 20152022 (USD Million)
Table 14 Chemical: Market Size, By Region, 20152022 (USD Million)
Table 15 Power: Centrifugal Pump Market Size, By Region, 20152022 (USD Million)
Table 16 Others: Market Size, By Region, 20152022 (USD Million)
Table 17 Commercial & Residential: Market Size, By Region, 20152022 (USD Million)
Table 18 Global Centrifugal Pump Market Size, By Region, 20152022 (USD Billion)
Table 19 Asia Pacific: Market Size, By Type, 20152022 (USD Billion)
Table 20 Asia Pacific: Market Size, By Stage, 20152022 (USD Billion)
Table 21 Asia Pacific: Market Size, By End User, 20152022 (USD Billion)
Table 22 Asia Pacific: Market Size, By Country, 20152022 (USD Billion)
Table 23 China: Centrifugal Pump Market Size, By End User, 20152022 (USD Million)
Table 24 India: Market Size, By End-User, 20152022 (USD Million)
Table 25 Japan: Centrifugal Market Size, By End-User, 20152022 (USD Million)
Table 26 South Korea: Centrifugal Market Size, By End-User, 20152022 (USD Million)
Table 27 Rest of Asia Pacific: Market Size, By End-User, 20152022 (USD Million)
Table 28 Key Water & Wastewater Projects in Europe, 20162017
Table 29 Europe: Centrifugal Pump Market Size, By Type, 20152022 (USD Billion)
Table 30 Europe: Market Size, By Stage, 20152022 (USD Billion)
Table 31 Europe: Market Size, By End-User, 20152022 (USD Million)
Table 32 Europe: Market Size, By Country, 20152022 (USD Billion)
Table 33 Germany: Centrifugal Pump Market Size, By End-User, 20152022 (USD Million)
Table 34 Russia: Market Size, By End-User, 20152022 (USD Million)
Table 35 UK: Market Size, By End-User, 20152022 (USD Million)
Table 36 Italy: Market Size, By End-User, 20152022 (USD Million)
Table 37 Rest of Europe: Centrifugal Pump Market Size, By End-User, 20152022 (USD Million)
Table 38 North America: Centrifugal Pump Market Size, By Type, 20152022 (USD Billion)
Table 39 North America: Market Size, By Stage, 20152022 (USD Billion)
Table 40 North America: Market Size, By End User, 20152022, (USD Billion)
Table 41 North America: Market Size, By Country, 20152022 (USD Billion)
Table 42 US: Centrifugal Pump Size, By End-User, 20152022 (USD Million)
Table 43 Canada: Centrifugal Pump Size, By End-User, 20152022 (USD Million)
Table 44 Mexico: Centrifugal Pump Size, By End-User, 20152022 (USD Million)
Table 45 Middle East: Centrifugal Pump Market Size, By Type, 20152022 (USD Billion)
Table 46 Middle East: Centrifugal Pump Market Size, By Stage, 20152022 (USD Billion)
Table 47 Middle East: Market Size, By End-User, 20152022 (USD Billion)
Table 48 Middle East: Market Size, By Country, 20152022 (USD Billion)
Table 49 Saudi Arabia: Market Size, By End-User, 20152022 (USD Million)
Table 50 UAE: Market Size, By End-User, 20152022 (USD Million)
Table 51 Iran: Market Size, By End-User, 20152022 (USD Million)
Table 52 Qatar: Market Size, By End-User, 20152022 (USD Million)
Table 53 Rest of the Middle East: Market Size, By End-User, 20152022 (USD Million)
Table 54 South America: Centrifugal Pump Market Size, By Type, 20142021 (USD Million)
Table 55 South America: Market Size, By Stage, 20152022 (USD Billion)
Table 56 South America: Centrifugal Pump Market Size, By End User, 20152022 (USD Billion)
Table 57 South America: Centrifugal Market Size, By Country, 20152022 (USD Million)
Table 58 Brazil: Market Size, By End-User, 20152022 (USD Million)
Table 59 Argentina: Market Size, By End-User, 20152022 (USD Million)
Table 60 Rest of South America: Market Size, By End-User, 20152022 (USD Million)
Table 61 Africa: Centrifugal Pump Market Size, By Type, 20152022 (USD Million)
Table 62 Africa: Market Size, By Stage, 20152022 (USD Million)
Table 63 Africa: Market Size, By End User, 20152022 (USD Million)
Table 64 Africa: Market Size, By Country, 20152022 (USD Million)
Table 65 South Africa: Centrifugal Pump Market Size, By End-User, 20152022 (USD Million)
Table 66 Nigeria: Market Size, By End-User, 20152022 (USD Million)
Table 67 Rest of Africa: Market Size, By End-User, 20152022 (USD Million)
Table 68 Ranking of Key Players, 2016
Table 69 Centrifugal Pump Market Developments Between 2014 and 2017
List of Figures (40 Figures)
Figure 1 Centrifugal Pump Market Research Design
Figure 2 Breakdown of Primary Interviews: By Company Type, Designation, & Region
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Data Triangulation Methodology
Figure 6 Asia Pacific Held the Largest Share in the Market in 2016
Figure 7 Industrial Segment is Expected to Dominate the Centrifugal Pump Market During the Forecast Period
Figure 8 Single Stage Segment is Expected to Be the Largest Market During 20172022
Figure 9 Overhung Impeller Segment is Expected to Dominate the Market From 2017 to 2022
Figure 10 Growing Investment in Infrastructure Development and Increasing Demand From Water and Wastewater Industry are Driving the Market
Figure 11 Market in India is Expected to Grow at the Highest CAGR From 2017 to 2022
Figure 12 The Overhung Impeller Market is Estimated to Grow at the Highest Rate During the Forecast Period
Figure 13 Single Stage Segment is Estimated to Dominate the Market in 2016
Figure 14 Industrial Segment is Expected to Lead the Centrifugal Pump Market, By End-User, During the Forecast Period
Figure 15 China Accounted for the Largest Share of the Asia Pacific Market in 2016
Figure 16 Drivers, Restraints, Opportunities, Challenges
Figure 17 Asia Pacific: Population Without Access to Improved Water Sources (%), 2000 & 2015
Figure 18 GCC Non-Oil GDP Growth (Real, % Change), 20142016
Figure 19 Global CAPEX Spending of Public E&P Companies, 20102016
Figure 20 Capital Expenditure in Water & Wastewater Management, By Region (USD Billion)
Figure 21 The Overhung Impeller Segment is Estimated to Be the Largest Market During the Forecast Period
Figure 22 Global Centrifugal Pump Market, By Stage, 2016
Figure 23 Industrial End-User Segment is Expected to Dominate the Market in 2016
Figure 24 Regional Snapshot (2016): the Middle Eastern Region is Emerging as the New Hot Spot for the Market
Figure 25 Asia Pacific: the Fastest Growing Market, 20172022
Figure 26 Asia Pacific: Market Snapshot
Figure 27 Europe: Centrifugal Pump Market Snapshot
Figure 28 Key Developments in the Market, 20142017
Figure 29 Xylem: Company Snapshot
Figure 30 Flowserve: Company Snapshot
Figure 31 Grundfos: Company Snapshot
Figure 32 KSB: Company Snapshot
Figure 33 Sulzer: Company Snapshot
Figure 34 ITT : Company Snapshot
Figure 35 Wilo: Company Snapshot
Figure 36 Circor: Company Snapshot
Figure 37 Ebara: Company Snapshot
Figure 38 Weir: Company Snapshot
Figure 39 Baker Hughes: Company Snapshot
Figure 40 Pentair: Company Snapshot
Benchmarking the rapid strategy shifts of the Top 100 companies in the Centrifugal Pump Market
Request For Special Pricing
Growth opportunities and latent adjacency in Centrifugal Pump Market