Top Companies List of Centrifugal Pump Industry - Grundfos Holding A/S (Denmark), Flowserve Corporation (US)
The global centrifugal pump market is estimated to grow from USD 39.7 billion in 2023 to USD 51.5 billion by 2028, at a CAGR of 5.4% during the forecast period. Centrifugal pumps play a vital role across various stages of the oil & gas industry, spanning from exploration and processing to transportation to end consumers, covering the entire value chain of the industry. These pumps are predominantly employed for fluid transfer purposes in this sector. As the post-pandemic economy recovers and experiences growth, coupled with supply limitations arising from challenging geopolitical circumstances, there is a projected upsurge in oil & gas exploration and production. This, in turn, is expected to drive an increase in the demand for centrifugal pumps during the forecast period.
The centrifugal pump market is served by key players with a strong global presence.
- Grundfos Holding A/S (Denmark),
- Xylem Inc. (US),
- KSB (Germany),
- Sulzer (Switzerland),
- Flowserve Corporation (US)
Companies operating in this market also focus on partnerships, agreements, and acquisitions to increase their market shares and expand their geographic presence.
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Grundfos
Grundfos stands as a prominent manufacturer and supplier of advanced pumps, offering a wide range of products including circulator pumps, centrifugal pumps, submersible motors, intelligent pump systems, and related accessories. Their offerings cater to various sectors such as residential and commercial buildings, HVAC OEM, irrigation and agriculture, water supply, and sewage applications. The company operates across four key business segments: Domestic Building Services, Industry, Commercial Building Services, Water Utility, and Others. While their Water Utility segment primarily focuses on providing pumps, Grundfos also offers pumps, pump systems, and solutions through the Domestic Building Services and Industry segments. The centrifugal pumps are primarily utilized in water and wastewater plants, boilers, pressure boosting systems, and industrial applications. With a widespread presence, Grundfos Holding A/S operates through more than 80 subsidiaries in over 55 countries. To meet the growing demand for their pumps, the company has established new facilities in countries like the Philippines, Serbia, and Colombia. These expansions enable Grundfos to effectively serve customers and fulfill the increasing market requirements.
Flowserve Corporation
Flowserve Corporation is a manufacturer of flow control systems. It offers aftermarket services for these systems. The portfolio of the company 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 Corporation operates through two business segments: Flowserve Pumps 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. Flowserve Corporation operates in 55 countries and 245 locations worldwide. Some of its popular brand names are BW Seals, Byron Jackson, Calder Energy Recovery Devices, Cameron, Worthington, Durametallic, Durco, Halberg, Aldrich, Pacific, etc. The products offered by the Flowserve Pump Division of the company are currently manufactured at 39 manufacturing facilities worldwide, 13 of which are located in Europe, 12 in North America, 8 in Asia Pacific, and 6 in Latin America. Flowserve Corporation offers aftermarket services through a global network of 144 quick response centers (QRC), some of which are colocated in the manufacturing facilities in 44 countries.
Related Reports:
Centrifugal Pump Market by Type (Overhung Impeller, Between Bearing, Vertically Suspended), Operation (Electrical, Hydraulic, Air-driven), Stage (Single Stage, Multistage), End User (Industrial, Commercial & Residential) & Region - Global Forecast to 2028
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