Centrifugal Pump Market

Centrifugal Pump Market by Type (Overhung Impeller, Vertically Suspended, and between Bearing), Stage (Single Stage, Multistage), End-User (Water and Wastewater, Chemicals, Oil & Gas, Power, Commercial and Residential), and Region - Global Forecast to 2022

Report Code : EP 5975
Published ON : Feb, 2018

[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:

  • Base Year: 2016
  • Estimated Year: 2017
  • Projected Year: 2022
  • Forecast Period: 2017 to 2022

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

  • To define, describe, and forecast the centrifugal pump market by type, by stage, by end-user, and region
  • To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and industry-specific challenges)
  • To strategically analyze the market with respect to individual growth trends, future projections, and the contribution of each segment to the market
  • To track and analyze competitive developments such as contracts & agreements, new product launches, expansions and investments, mergers & acquisition, strategic alliances, and partnerships and collaborations in the market
  • To profile key players and comprehensively analyze their market ranking and core competencies

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoover’s, 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 industry’s value chain. The points below explain the research methodology.

  • Study of the annual revenues and market developments of the major players that supply centrifugal pumps
  • Assessment of future trends and growth of end-users
  • Assessment of the market with respect to the technology used for different applications
  • Study of contracts and developments related to the market by key players across different regions
  • Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies supplying centrifugal pumps across the globe

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.

Centrifugal Pump Market

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).

Target Audience:

The report’s target audience includes:

  • Centrifugal pump manufacturing companies
  • Consulting companies in the power and oil & gas sector
  • Process and manufacturing plants
  • Government and research organizations
  • Centrifugal pump and equipment manufacturers
  • Water Industry Forum
  • State- or government-owned corporations
  • Power transmission and distribution companies

Scope of the Report:

  • By Pump Type
    • Overhung Impeller
    • Vertically Suspended
    • Between Bearing
  • By Stage
    • Single Stage
    • Multistage
  • By End User
    • Industrial
    • Commercial and Residential
  • By Region
    • Asia Pacific
    • Europe
    • North America
    • Middle East
    • South America
    • Africa

Available Customizations:

With the given market data, MarketsandMarkets offers customizations as per the client’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of region/country-specific analysis

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)

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 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 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.

Centrifugal Pump Market

The major factor restraining the growth of the 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.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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 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 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 Market Snapshot
Table 2 Global Market Size, By Type, 2017–2022 (USD Billion)
Table 3 Overhung Impeller: Market Size, By Region, 2015–2022 (USD Billion)
Table 4 Vertically Suspended: Market Size, By Region, 2015–2022 (USD Billion)
Table 5 Between Bearing: Market Size, By Region, 2015–2022 (USD Billion)
Table 6 Global Market Size, By Stage, 2015–2022 (USD Billion)
Table 7 Single Stage: Market Size, By Region, 2015–2022 (USD Billion)
Table 8 Multistage: Market Size, By Region, 2015–2022 (USD Billion)
Table 9 Global Market Size, By End-User, 2015–2022 (USD Billion)
Table 10 Industrial: Centrifugal Pump Market Size, By Region, 2015–2022 (USD Billion)
Table 11 Industrial: Market Size, By Application, 2015–2022 (USD Billion)
Table 12 Water and Wastewater: Market Size, By Region, 2015–2022 (USD Million)
Table 13 Oil & Gas: Market Size, By Region, 2015–2022 (USD Million)
Table 14 Chemical: Market Size, By Region, 2015–2022 (USD Million)
Table 15 Power: Centrifugal Pump Market Size, By Region, 2015–2022 (USD Million)
Table 16 Others: Market Size, By Region, 2015–2022 (USD Million)
Table 17 Commercial & Residential: Market Size, By Region, 2015–2022 (USD Million)
Table 18 Global Market Size, By Region, 2015–2022 (USD Billion)
Table 19 Asia Pacific: Centrifugal Pump Market Size, By Type, 2015–2022 (USD Billion)
Table 20 Asia Pacific: Centrifugal Pump Market Size, By Stage, 2015–2022 (USD Billion)
Table 21 Asia Pacific: Market Size, By End User, 2015–2022 (USD Billion)
Table 22 Asia Pacific: Market Size, By Country, 2015–2022 (USD Billion)
Table 23 China: Centrifugal Pump Market Size, By End User, 2015–2022 (USD Million)
Table 24 India: Centrifugal Pump Market Size, By End-User, 2015–2022 (USD Million)
Table 25 Japan: Centrifugal Market Size, By End-User, 2015–2022 (USD Million)
Table 26 South Korea: Centrifugal Market Size, By End-User, 2015–2022 (USD Million)
Table 27 Rest of Asia Pacific: Market Size, By End-User, 2015–2022 (USD Million)
Table 28 Key Water & Wastewater Projects in Europe, 2016–2017
Table 29 Europe: Centrifugal Pump Market Size, By Type, 2015–2022 (USD Billion)
Table 30 Europe: Market Size, By Stage, 2015–2022 (USD Billion)
Table 31 Europe: Market Size, By End-User, 2015–2022 (USD Million)
Table 32 Europe: Market Size, By Country, 2015–2022 (USD Billion)
Table 33 Germany: Market Size, By End-User, 2015–2022 (USD Million)
Table 34 Russia: Centrifugal Pump Market Size, By End-User, 2015–2022 (USD Million)
Table 35 UK: Market Size, By End-User, 2015–2022 (USD Million)
Table 36 Italy: Market Size, By End-User, 2015–2022 (USD Million)
Table 37 Rest of Europe: Market Size, By End-User, 2015–2022 (USD Million)
Table 38 North America: Centrifugal Pump Market Size, By Type, 2015–2022 (USD Billion)
Table 39 North America: Market Size, By Stage, 2015–2022 (USD Billion)
Table 40 North America: Market Size, By End User, 2015–2022, (USD Billion)
Table 41 North America: Market Size, By Country, 2015–2022 (USD Billion)
Table 42 US: Centrifugal Pump Size, By End-User, 2015–2022 (USD Million)
Table 43 Canada: Centrifugal Pump Size, By End-User, 2015–2022 (USD Million)
Table 44 Mexico: Centrifugal Pump Size, By End-User, 2015–2022 (USD Million)
Table 45 Middle East: Centrifugal Pump Market Size, By Type, 2015–2022 (USD Billion)
Table 46 Middle East: Market Size, By Stage, 2015–2022 (USD Billion)
Table 47 Middle East: Market Size, By End-User, 2015–2022 (USD Billion)
Table 48 Middle East: Market Size, By Country, 2015–2022 (USD Billion)
Table 49 Saudi Arabia: Centrifugal Pump Market Size, By End-User, 2015–2022 (USD Million)
Table 50 UAE: Market Size, By End-User, 2015–2022 (USD Million)
Table 51 Iran: Market Size, By End-User, 2015–2022 (USD Million)
Table 52 Qatar: Centrifugal Pump Market Size, By End-User, 2015–2022 (USD Million)
Table 53 Rest of the Middle East: Centrifugal Pump Market Size, By End-User, 2015–2022 (USD Million)
Table 54 South America: Centrifugal Pump Market Size, By Type, 2014–2021 (USD Million)
Table 55 South America: Centrifugal Pump Market Size, By Stage, 2015–2022 (USD Billion)
Table 56 South America: Market Size, By End User, 2015–2022 (USD Billion)
Table 57 South America: Centrifugal Market Size, By Country, 2015–2022 (USD Million)
Table 58 Brazil: Centrifugal Pump Market Size, By End-User, 2015–2022 (USD Million)
Table 59 Argentina: Market Size, By End-User, 2015–2022 (USD Million)
Table 60 Rest of South America: Centrifugal Pump Market Size, By End-User, 2015–2022 (USD Million)
Table 61 Africa: Centrifugal Pump Market Size, By Type, 2015–2022 (USD Million)
Table 62 Africa: Market Size, By Stage, 2015–2022 (USD Million)
Table 63 Africa: Centrifugal Pump Market Size, By End User, 2015–2022 (USD Million)
Table 64 Africa: Market Size, By Country, 2015–2022 (USD Million)
Table 65 South Africa: Centrifugal Pump Market Size, By End-User, 2015–2022 (USD Million)
Table 66 Nigeria: Market Size, By End-User, 2015–2022 (USD Million)
Table 67 Rest of Africa: Market Size, By End-User, 2015–2022 (USD Million)
Table 68 Ranking of Key Players, 2016
Table 69 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 2017–2022
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 Market, By End-User, During the Forecast Period
Figure 15 China Accounted for the Largest Share of the Asia Pacific Centrifugal Pump 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), 2014–2016
Figure 19 Global CAPEX Spending of Public E&P Companies, 2010–2016
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 Market, By Stage, 2016
Figure 23 Industrial End-User Segment is Expected to Dominate the Centrifugal Pump 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 Centrifugal Pump Market, 2017–2022
Figure 26 Asia Pacific: Centrifugal Pump Market Snapshot
Figure 27 Europe: Centrifugal Pump Market Snapshot
Figure 28 Key Developments in the Market, 2014–2017
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


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