Centrifugal Pump Market: Current Analysis and Forecast (2021-2027)


Emphasis on Impeller Type (Overhung Impeller, Vertically Suspended and Between Bearing); Stage (Single Stage Pump and Multi-Stage Pump); Flow Type (Axial Flow Pumps, Radial Flow Pumps, Mixed Flow Pumps); Capacity (Small Capacity, Medium Capacity, High Capacity); End-User (Chemicals, Oil and Gas, Power Generation, Construction, Pharmaceuticals, Food and Beverages, Metals and Mining, Water and Wastewater and Others); and Region and Country

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Report Description
Table of content
Research Methodology

Report Description

Centrifugal Pump Market 2
Centrifugal Pump Market 2


Global Centrifugal pump market was valued around 32 bn in 2020 and is expected to grow at a CAGR of around 5% during the forecast period (2021-2027). Centrifugal pump caters significant market presence over the past few years and expected to have extensive market growth in the forecasted period as well. Rising demand for centrifugal pumps is predicted by the expanding number of worldwide wastewater treatment plants. In addition, various technical developments, such as the creation of 3D printed impellers and the use of modeling software, are also contributing to growth. Moreover, rising need to replace outdated industrial pumps in the pharmaceutical and food and beverage sectors is also fueling market expansion. In accordance with this, the oil and gas sector has adopted a wide range of products for performing exploratory activities in offshore and deep-water regions across the world.

Centrifugal Pump by Impeller Type, 2020

Centrifugal Pump Market 3
Centrifugal Pump Market 3


Some of the key players operating in the market are Baker Hughes, Circor International Inc., Ebara Corporation, Grundfos Holding, ITT Corporation, Pentair Inc., Someflu, Tsurumi Manufacturing Co. Ltd., Weir, Xylem Inc. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst impeller type, overhung impeller segment holds the major share”

Based on impeller type, the centrifugal pump market is segmented up to overhung impeller, vertically suspended and between bearing. The overhung impeller segment catered significant demand in centrifugal pump market. The growth of the segment is owing to the extensive use of overhung impellers in commercial, residential, and industrial applications. In addition, they are also used in different end-use industries for power generation owing to their low cost as compared against bearing pumps.

“Amongst stage, multistage segment holds the major share”

Based on stage, the centrifugal pump market is segmented into single stage pump and multi-stage pump. The multistage segment holds the considerable market share in centrifugal pump market. This is due to their high energy efficiency, easy installation, low internal friction losses, optimized operation and control and other features.

“Amongst flow type, radial flow segment holds the major share”

Based on flow type, the centrifugal pump market is segmented into axial flow pumps, radial flow pumps, mixed flow pumps. The radial flow segment holds the extensive market share in centrifugal pump market. It is mainly due to the orientation of the pumps that provide various technical advantage, including high efficiency, low maintenance, compact design, low bearing load and many others.

“Amongst end-user, oil and gas segment holds the major share”

Based on end-user, the centrifugal pump market is segmented into chemicals, oil and gas, power generation, construction, pharmaceuticals, food and beverages, metals and mining, water and wastewater and others. The oil and gas segment holds the substantial market share in centrifugal pump market. It is mainly due to the surge in development of oil and gas infrastructure is expected to provide a huge thrust to the centrifugal pump market.


“Asia Pacific represents one of the extensive market shares of global centrifugal pump Market”

For a better understanding of the market dynamics of the global Centrifugal pump market, a detailed analysis was conducted for different regions including Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific holds the extensive market share owing to the growing industrial activities due to low manufacturing costs and the support of the local governments. Also, increasing investments in R&D is also one of the factors driving the centrifugal pumps market in Asia Pacific.


Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.

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1.1.Market Definitions
1.3.Stake Holders
1.4.Currency used in Report


2.1.Research Process of the Centrifugal Pump Market
2.2.Research Methodology of the Centrifugal Pump Market
2.3.Forecasting Method
2.4.Respondent Profile
2.5.Main Objective of the Centrifugal Pump Market Study










7.1.Overhung Impeller
7.2.Vertically Suspended
7.3.Between Bearing


8.1.Single Stage Pump
8.2.Multi-Stage Pump


9.1.Axial Flow Pumps
9.2.Radial Flow Pumps
9.3.Mixed Flow Pumps


10.1.Small Capacity
10.2.Medium Capacity
10.3.High Capacity


11.2.Oil and Gas
11.3.Power Generation
11.6.Food and Beverages
11.7.Metals and Mining
11.8.Water and Wastewater


12.1.North America Centrifugal Pump Market 
 12.1.1.United States
 12.1.3.Rest of North America
12.2.Europe Centrifugal Pump Market 
 12.2.5.United Kingdom
 12.2.6.Rest of Europe
12.3.Asia Pacific Centrifugal Pump Market
 12.3.5.Rest of Asia Pacific
12.4.Rest of the World Centrifugal Pump Market


13.1.Market Drivers
13.2.Market Challenges
13.3.Impact Analysis








17.1.Demand Side Analysis
17.2.Supply Side Analysis
 17.2.1.Top Product Launches
 17.2.2.Top Business Partnerships
 17.2.3.Top Business Expansions, Investments and Divestitures
 17.2.4.Top Merger and Acquisitions


19.1.Competitive Landscape
 19.1.1.Company Shares, By Revenue
20.1.Baker Hughes
20.2.Circor International Inc.
20.3.Ebara Corporation
20.4.Grundfos Holding
20.5.ITT Corporation
20.6.Pentair Inc.
20.8.Tsurumi Manufacturing Co. Ltd.
20.10.Xylem Inc 

Research Methodology

Analyzing the historical market, estimation of the current market, and forecasting the future market of the global Centrifugal pump market were the three major steps undertaken to create and analyze the adoption of centrifugal pump in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global centrifugal pump market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

Seek More Details About Research Methodology

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of centrifugal pump market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the centrifugal pump market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as impeller type, stage, flow type, capacity, and end-user. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Centrifugal pump market. Further, we conducted factor analysis using dependent and independent variables such as rapidly developing residential and commercial infrastructure. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Centrifugal pump market sector across the globe.


Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Centrifugal pump market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of value (US$) and the adoption rate of Centrifugal pump market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global centrifugal pump market in terms of category offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Centrifugal Pump Market 1
Centrifugal Pump Market 1


Market Engineering

Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global Centrifugal pump market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of impeller type, stage, flow type, capacity, and end-user in the global Centrifugal pump market.

The main objective of the Global Centrifugal pump Market Study

The current & future market trends of global Centrifugal pump market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of Centrifugal pump market in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of impeller type, stage, flow type, capacity, and end-user.
  • Define and analysis of the regulatory framework for the centrifugal pump market industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the centrifugal pump market for the major region.
  • Major regions studied in the report include Asia Pacific, Europe, North America, and Rest of the world.
  • Company profiles of the centrifugal pump market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise price list?