Centrifugal Pump Market

Centrifugal pumps find applications within a wide performance range in the oil & gas industry, from exploration through processing and up to transportation to the consumer, encompassing the entire value chain of the industry. Centrifugal pumps are primarily used for fluid transfer in this industry. Global oil markets continue to show increasing activity in production, supply, and industrial operations, according to the International Energy Agency’s oil market information. The continued demand of roughly 930,000 barrels per day in 2026, driven mainly by non-OECD economies and recovering petrochemical feedstock needs. At the same time, global oil supply is expanding, with output increases from OPEC+ and non-OPEC producers, even as inventories remain elevated, reflecting robust upstream and midstream activity worldwide.

Cavitation remains a significant operational restraint for centrifugal pumps because it directly harms pump performance and longevity. According to the technical explanation on Crompton’s official pumps guide, cavitation occurs when the pressure within a centrifugal pump falls below the vapor pressure of the liquid being pumped, causing vapor bubbles to form and then implode as they move into higher-pressure regions of the pump. These implosions generate shockwaves that lead to erosion, pitting of impellers and casings, vibration, noise, reduced flow rates, and overall declines in hydraulic performance, often necessitating costly repairs and increasing operating expenses. Proper system design particularly ensuring adequate Net Positive Suction Head Available (NPSHa) relative to the pump’s requirements is critical to preventing cavitation and protecting pump efficiency. Regular maintenance and correct pump selection are also essential measures to mitigate this persistent technical challenge in centrifugal pump operation.

Solar water pump systems where electricity for an electric motor and centrifugal pump is supplied by one or more photovoltaic (PV) panels are increasingly recognized by governmental and inter-governmental bodies as an effective solution for sustainable water access in agriculture and rural water supply. These systems provide water lifting in remote areas that lack reliable grid electricity and help reduce dependence on fossil fuels, aligning with global water and energy goals. However, government deployment programs and policy discussions reflect rapid growth in solar irrigation solutions worldwide. For example, according to the World Bank Group in 2024, in South Asia and Sub-Saharan Africa, solar-powered groundwater irrigation has expanded significantly, with over 500,000 small, standalone solar pumps installed in the last decade, especially in countries like India and Bangladesh, supporting food security and rural livelihoods through renewable energy use.

The increasing competition from the unorganized sector poses notable challenges to the centrifugal pump market, especially in price-sensitive and agriculture-focused regions. Government-published surveys and official studies on the informal manufacturing landscape show that unorganized enterprises form a large share of small manufacturing and non-agricultural activities in India, contributing significantly to overall output and employment in a wide range of sectors. In the specific case of pump sets (which include centrifugal pumps widely used in irrigation and water supply), unorganized producers supply lower-priced pumps that undercut organized manufacturers, often at 30–40 % lower price points, drawing cost-conscious buyers away from higher-quality, certified products. This pricing advantage is strengthened by the presence of small producers in hubs, making it difficult for larger, formal sector companies to compete effectively on both price and distribution reach.