Electric Centrifugal Pump Market
Electric Centrifugal Pump Market by Type (Overhung Impeller, Between Bearing, Vertical Suspended), Stage (Single Stage, Multistage), End User (Industrial, Commercial & Residential), & Region - Global Forecast to 2030
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The electric centrifugal pump market is projected to grow from USD 33.07 billion in 2025 to USD 45.44 billion by 2030, at a CAGR of 6.6% during the forecast period. This growth is driven by several factors, including infrastructure expansion, trends in electrification, and increasing efficiency demands in various end-use sectors. Additionally, significant investments in water and wastewater treatment systems worldwide are contributing to this trend, particularly in the Asia Pacific and the Middle East. The rising urban populations and water shortages are prompting governments to develop large-scale water treatment and desalination plants that require high-capacity electric pumps.
KEY TAKEAWAYS
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BY STAGEBy stage, the single-stage segment dominates the market, accounting for a share of 72.1% in 2024.
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By TYPEThe overhung impeller segment is projected to register the highest CAGR of 6.6% during the forecast period.
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By END USERBy end user, the industrial segment will dominate the market
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BY REGIONAsia Pacific is the fastest-growing region, registering a CAGR of 7.0% during the forecast period.
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COMPETITIVE LANDSCAPEXyle, Grundfos Pumps Pty Ltd, and Flowserve Corporation are key players in the electric centrifugal pump market, focusing on product launches and investments to enhance their product portfolios.
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COMPETITIVE LANDSCAPECeleros Flow Technology and GRISWOLD were identified as SMEs in the electric centrifugal pump market.
Power generation, chemicals, and manufacturing industries are increasingly adopting energy-saving electric pumping systems to comply with strict environmental regulations and reduce operating costs. This shift is accelerating the replacement of diesel-powered pumps. Additionally, the agriculture sector is contributing by expanding the use of electric and solar-powered irrigation pumps, supported by government subsidy schemes in countries like India and China. In developed markets such as North America and Europe, the demand for retrofitting and replacing old pumps is further driving market growth, as outdated pump infrastructure is being upgraded to high-efficiency, digitally enabled systems.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
There is a noticeable shift in customer behavior within the electric centrifugal pump market, driven by trends in energy efficiency, digitalization, and electrification. End users are increasingly focused on minimizing lifecycle costs while maximizing energy savings. This has led to the adoption of high-efficiency electric pumps equipped with variable frequency drives and advanced motor systems. Additionally, the integration of predictive maintenance and real-time monitoring via smart pumps powered by IoT technology is transforming operations. This approach reduces downtime and enhances reliability. Consumer demand is also evolving due to the shift from diesel to electric power, as well as the growing use of solar-powered pumps in agriculture and remote areas. Furthermore, the rising issue of water scarcity and the increasing environmental regulations are prompting customers to seek more efficient and sustainable pumping systems, thereby changing procurement strategies across various industries.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
Level
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Rapid Industrialization and Urban Expansion
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Shift Toward Energy-efficient Electric Pump Systems
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High Energy Consumption in Continuous Operations
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Volatility in Raw Material Prices
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Integration of Smart and IoT-enabled Pumping Systems
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Expansion of Renewable Energy-based Pumping Solutions
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Intense Market Competition and Price Pressure
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Maintenance and Operational Reliability Issues
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: Rapid Industrialization and Urban Expansion
The increasing industrialization, particularly in the chemicals, power production, and manufacturing industries, especially in developing countries like India, China, and those in Southeast Asia, significantly drives up demand. Urbanization also necessitates HVAC systems, water circulation, and building services, all of which heavily rely on electric centrifugal pumps. These pumps play a crucial role in infrastructure development due to their scalability and operational reliability.
Restraint: High Energy Consumption in Continuous Operations
Centrifugal pumps are produced using various materials, including stainless steel, cast iron, and specialty alloys. Fluctuations in the prices of these raw materials directly affect the production costs and profitability of manufacturers, creating pricing pressure in a competitive marketplace.
Opportunity: Integration of Smart and IoT-enabled Pumping Systems
The growing adoption of Industry 4.0 technologies presents significant market opportunities. Smart centrifugal electric pumps equipped with sensors, IoT connectivity, and predictive maintenance are becoming more common. These pumps enhance operational efficiency, minimize downtime, and reduce energy consumption, making them highly desirable in large-scale industrial environments.
Challenge: Intense Market Competition and Price Pressure
The global electric centrifugal pump market is very competitive, featuring numerous international and regional players. Price sensitivity, particularly in emerging markets, often leads to margin compression and limits profitability for manufacturers.
ELECTRIC CENTRIFUGAL PUMP MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
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It extensively deploys centrifugal pumps in municipal water supply and wastewater treatment plants to efficiently and reliably handle large volumes of water, supporting continuous urban water management operations | High energy efficiency, reduced lifecycle costs, reliable continuous operation, and compliance with sustainability and efficiency regulations |
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It uses centrifugal pumps in oil & gas, chemicals, and power generation for handling corrosive, high-temperature, and high-pressure fluids in critical process applications | Enhanced process reliability, safe handling of complex fluids, reduced downtime, and improved operational safety in demanding industrial environments |
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It supplies centrifugal pumps for power plants, desalination facilities, and industrial cooling systems, enabling large-scale fluid circulation and thermal management | Improved thermal efficiency, robust performance under heavy-duty conditions, long service life, and optimized system efficiency |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The market map offers a concise overview of the key stakeholders in the electric centrifugal pump market, including raw material suppliers, end users, and post-sales service providers. While this list is not comprehensive, it aims to highlight the main players in the market.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Electric Centrifugal Pump Market, by Stage
Single-stage electric centrifugal pumps accounted for the largest market share in 2024 due to their high versatility and cost-effectiveness. These pumps can be used in a wide range of common pumping applications across various industries. Typical uses include water supply, wastewater treatment systems, HVAC systems, agricultural irrigation, and general industrial processes that require moderate pressure without the complexity of multi-stage setups. End users prefer single-stage pumps because they are simpler to design, cheaper to install and maintain, and more reliable in operation, particularly in price-sensitive and high-volume applications. Additionally, the increasing demand for municipal water infrastructure and building services, especially in developing areas, further enhances the popularity of single-stage pumps. These applications typically require high flow rates rather than high pressure, which aligns well with the capabilities of single-stage pumps.
Electric Centrifugal Pump Market, by Type
Overhung impeller pumps held the largest market share in 2024, as they offer an ideal balance of simplicity, cost efficiency, and a wide range of applications across various industries. In this design, the propeller is mounted on one side of the shaft, resulting in a compact structure with fewer mechanical parts, which makes maintenance easier and more appealing to end users. These pumps are widely utilized in water supply, wastewater treatment, chemical processing, oil and gas, and general industrial applications where moderate pressure and continuous operation are essential. Additionally, the overhung design allows for standardized production and quick installation, minimizing project costs and downtime. Another advantage is their compatibility with electric motors and energy-efficient configurations, which is particularly beneficial for industries seeking to enhance operational efficiency and reduce lifecycle costs.
Electric Centrifugal Pump Market, by End User
The industrial segment held the largest market share in the electric centrifugal pump market in 2024. This is primarily because various industries require a significant number of electric centrifugal pumps to transport fluids efficiently. Key sectors such as oil and gas, chemicals, power generation, mining, and manufacturing rely heavily on centrifugal pumps for fluid transportation, cooling, circulation, and other processes. To meet their operational needs, these industries demand pumps that are reliable, efficient, and capable of handling a range of flow conditions, making centrifugal pumps the preferred choice. Additionally, the growing trend toward automation and stricter regulations on energy efficiency and emissions is driving more industries to adopt advanced electric pump systems. The industrial sector continues to expand, particularly in developing countries, while older systems in established markets require updates. As a result, the industrial segment remains the largest consumer of electric centrifugal pumps.
REGION
Asia Pacific to be the fastest-growing region in the electric centrifugal pump market during the forecast period
The Asia Pacific region is experiencing rapid growth in the electric centrifugal pump market, driven by several key factors. Significant infrastructure development, industrial expansion, and evolving agricultural practices are driving the demand for electric centrifugal pumps. Governments in countries such as China, India, and throughout Southeast Asia are investing heavily in water supply systems, wastewater treatment plants, and desalination projects, all of which require reliable pumps that can operate continuously. Moreover, industries such as chemicals, power generation, and manufacturing are expanding rapidly, necessitating systems that can efficiently handle fluids reliably. The agricultural sector is also contributing to the increased demand for centrifugal pumps, as farmers increasingly adopt electric and solar-powered irrigation pumps. Government subsidies and efforts to improve electrification are supporting this transition. Additionally, the Asia Pacific region has a significant number of aging pump systems that need replacement. As urban areas continue to grow and become more technologically advanced, the demand for centrifugal pumps is expected to rise further. This positions the Asia Pacific region as the most dynamic and fastest-growing market for electric centrifugal pumps worldwide.
ELECTRIC CENTRIFUGAL PUMP MARKET: COMPANY EVALUATION MATRIX
In the electric centrifugal pump market matrix, Xylem (Star) leads with a strong market presence and a wide product portfolio, driving large-scale adoption across industries like industrial and commercial. ALFA LAVAL (Emerging Leader) is gaining traction with high-efficiency centrifugal pumps. While Xylem dominates with scale, Grundfos shows strong growth potential to advance toward the leaders' quadrant.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
- Grundfos Holding A/S
- Xylem
- Flowserve Corporation
- KSB SE & Co. KGaA
- WILO SE
- Sulzer Ltd
- EBARA CORPORATION
- The Weir Group PLC
- ITT INC.
- CIRCOR International, Inc.
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2024 (Value) | USD 31.51 BN |
| Market Forecast in 2030 (Value) | USD 45.44 BN |
| Growth Rate | CAGR 6.6% from 2025–2030 |
| Years Considered | 2021–2030 |
| Base Year | 2024 |
| Forecast Period | 2025–2030 |
| Units Considered | Value (USD Million), Volume (Thousand Unit) |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, and Trends |
| Segment Covered | By Stage, Type, End User |
| Regions Covered | North America, Europe, Asia Pacific, South America, Middle East |
WHAT IS IN IT FOR YOU: ELECTRIC CENTRIFUGAL PUMP MARKET REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
|---|---|---|
| Electric Centrifugal Pump Manufacturer | Competitive landscape analysis with focus on strategic moves by key players |
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RECENT DEVELOPMENTS
- October 2025 : KSB GIW Inc., a US subsidiary of the KSB Group, specializes in the manufacture of mining pumps. In early October, the company launched its LCC Gen2 pump to the market, designed specifically for medium-abrasion slurry applications.
- July 2025 : Grundfos has opened a new manufacturing facility in Dantali, Gujarat, India, through its subsidiary, Grundfos Pumps India Pvt Ltd. This plant specializes in the production of stainless steel products, booster sets, and boxed pump solutions. It caters to customers in western and northern India and also serves as an export base for components to Europe, the Americas, and China.
- march 2025 : Flowserve Corporation has launched the INNOMAG TB-MAG Dual Drive, the world's first sealless magnetic drive centrifugal pump with true secondary containment for hazardous chemicals. This innovation enhances safety and prevents leaks.
- November 2023 : Launched the e-80SCXL vertical in-line centrifugal pump series for high-flow and head applications in hydronic heating, cooling, and light industrial processes. This series features multiple seal options, NEMA Premium motors, and optimized condition monitoring.
- August 2023 : Grundfos has introduced its advanced end-suction pump range, particularly the NKE series, which incorporates integrated Variable Frequency Drive (VFD) technology. This launch in Australia enhances energy efficiency and connectivity for industrial and municipal water applications.
Table of Contents
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Methodology
The study involved major activities in estimating the current size of the Electric Centrifugal Pump Market. Exhaustive secondary research was done to collect information on the peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.
Secondary Research
This research study on the Electric Centrifugal Pump Market involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg, Businessweek, Factiva, International Energy Agency, and BP Statistical Review of World Energy, to identify and collect valuable information for a technical, market-oriented, and commercial study of the global Electric Centrifugal Pump Market. The other secondary sources included annual reports, press releases, and investor presentations of companies, white papers, certified publications, articles by recognized authors, manufacturer associations, trade directories, and databases.
Primary Research
The Electric Centrifugal Pump Market comprises stakeholders such as centrifugal pump manufacturers, technology providers, and support providers in the supply chain. On the demand side, the market is driven by growing adoption of centrifugal pumps in industrial, commercial, and residential sectors, due to their high energy efficiency, compact design, and superior performance compared to conventional pump control systems. Rising infrastructure development and urbanization in emerging economies further fuel demand for advanced pump solutions. On the supply side, manufacturers are witnessing increasing opportunities through contracts from utility and industrial distribution networks, as well as strategic initiatives such as mergers, acquisitions, and partnerships among major players to expand their market presence and technological capabilities. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. The following is the breakdown of primary respondents:
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Market Size Estimation
Both the top-down and bottom-up approaches were employed to estimate and validate the size of the Electric Centrifugal Pump Market, as well as its dependent submarkets. The key players in the market were identified through secondary research, and their market share in the respective regions was determined through a combination of primary and secondary research. The research methodology involves analyzing the annual and financial reports of top market players and conducting interviews with industry experts, including chief executive officers, vice presidents, directors, sales managers, and marketing executives, to gather key quantitative and qualitative insights related to the global Electric Centrifugal Pump Market.
Data Triangulation
After determining the overall market size through the estimation process explained above, the total market has been divided into several segments and subsegments. To complete the overall market engineering process and obtain the exact statistics for all segments and subsegments, data triangulation and market breakdown processes have been employed, where applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market has been validated using both top-down and bottom-up approaches.
Market Definition
Centrifugal pumps are mechanical devices used to transport fluids by converting mechanical energy from an external source (e.g., an electric motor) into kinetic energy in the fluid being pumped. They work by using a rotating impeller to create a centrifugal force that moves the fluid through the pump and into the discharge pipe. It consists of three main components: an impeller, a casing, and a shaft. The impeller is a rotating component that contains blades or vanes that move the fluid. The casing is a stationary component that surrounds the impeller and guides the fluid to the discharge point. The shaft connects the impeller to the motor that rotates it. When the impeller rotates, it creates a centrifugal force that moves the fluid from the center of the impeller to the outer edge. As the fluid moves through the casing, it gains momentum and pressure. Finally, it is discharged from the pump through the discharge port.
Key Stakeholders
- Centrifugal pump manufacturers
- Pump manufacturer associations
- Oilfield service players
- Public and private water supply and pumping station operators
- Government and research organizations
- Centrifugal pump raw material providers
- Consulting companies
- Industrial users
Report Objectives
- To describe and forecast the global Electric Centrifugal Pump Market, by type, operation type, stage, end user, and region in terms of value
- To describe and forecast the global Electric Centrifugal Pump Market for various segments with respect to five main regions: North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa, in terms of value
- To describe and forecast the global Electric Centrifugal Pump Market, by region, in terms of volume
- To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the global Electric Centrifugal Pump Market
- To provide a detailed overview of the global Centrifugal Pump chain analysis, use case analysis, key stakeholders and buying criteria, patent analysis, trade analysis, tariff analysis, regulations, macroeconomic outlook, pricing analysis, Porter’s five forces analysis, impact of gen AI/AI, and the 2024 US tariff impact
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total global Electric Centrifugal Pump Market
- To analyze opportunities in the global Electric Centrifugal Pump Market for various stakeholders by identifying high-growth segments
- To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing the global Electric Centrifugal Pump Market’s competitive landscape
- To analyze growth strategies, such as acquisitions, investments, expansions, and product launches, adopted by market players in the global Electric Centrifugal Pump Market
- Micromarkets are defined as the segments and subsegments of the global Electric Centrifugal Pump Market included in the report.
- Core competencies of companies are defined in terms of key developments and strategies adopted to sustain their positions in the global Electric Centrifugal Pump Market.
Customization Options
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Product Analysis
- Product matrix, which gives a detailed comparison of the product portfolio of each company
Geographic analysis
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- Detailed analysis and profiling of additional market players (up to five)
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Growth opportunities and latent adjacency in Electric Centrifugal Pump Market