The global centrifugal pump market size is projected to reach USD 48.8 billion by 2026 from an estimated value of USD 36.6 billion in 2021, at a CAGR of 5.9%. The key drivers for the centrifugal pump market include intensified demand for water and wastewater management in developed countries; surged investments in global construction industry; high demand for centrifugal pumps from agricultural sector.
The key players in the centrifugal pump market include companies such as Xylem (US), Sulzer (Switzerland), KSB (Germany), Wilo (Germany), Grundfos (Denmark), and Flowserve (US). Major strategies adopted by the players are product launches, contracts & agreements, collaborations, partnerships, and mergers & acquisitions, from January 2017 to January 2017. Contracts & Agreements was the most commonly adopted strategy.
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Grundfos is one of the leading providers of advanced pumps. It offers circulator pumps, centrifugal pumps, submersible motors, and intelligent pump systems and associated accessories. The company caters to the requirements of residential and commercial buildings and HVAC OEM, as well as irrigation and agriculture, water supply, and sewage applications. It provides centrifugal pumps that are mainly used in water and wastewater plants, boilers, pressure boosting systems, and industrial applications.
Flowserve is a manufacturer of flow control systems. It offers aftermarket services for these systems. Its portfolio includes pumps, valves, seals, automation solutions, and aftermarket services to support various end-use industries such as oil and gas, chemicals, power generation (including nuclear, fossil, and renewable energy sources), and water management. Flowserve operates through two business segments, namely, Flowserve Pump Division (FPD) and Flow Control Division (FCD). The company combined its previously reported Engineered Product Division (EPD) and Industrial Product Division (IPD) segments to form one reportable segment, Flowserve Pump Division (FPD). Flowserve offers pumps through this segment. The Flowserve Pump Division manufactures customized pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, and related services used by companies operating in the oil and gas, power generation, petrochemicals, chemicals, water management, and other general industries.
Centrifugal Pump Market by Type (Overhung Impeller, Vertically Suspended, Between Bearing), Operation Type (Electric, Hydraulic, Air Driven), Stage (Single Stage, Multistage), End-User (Industrial, Commercial, Residential), Region- Global Forecast to 2026
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