Centrifugal Pump Market Outlook:
Centrifugal Pump Market size was estimated at USD 38.8 billion in 2024 and is expected to surpass USD 65.3 billion by the end of 2037, rising at a CAGR of 4.4% during the forecast period, i.e., 2025-2037. In 2025, the industry size of centrifugal pump is evaluated at USD 40.4 billion.
Increased funding in industrial water infrastructure drives mostly the centrifugal pump sector. The U.S. Environmental Protection Agency (EPA) increased funding for efficiency improvements in urban and industrial systems, including pumps, in 2024. According to the WHO, over 2.1 billion people worldwide still lack access to clean water, driving infrastructure expenditures. As a result, demand continues to increase in tandem with growth in the oil and gas and power sectors. Global market income is expected to rise from USD 38.2 billion in 2025 to USD 58.1 billion by 2033 at a compound annual growth rate (CAGR) of 5.5%.
According to U.S. Bureau of Labor Statistics data, the Producer Price Index (PPI) for fluid power pump items hit 244.9 in March 2025, up 4% from 2024. Producers need stainless steel, cast iron, and alloys on the supply side. Geopolitical tensions caused raw material prices to soar; stainless steel prices climbed 41% in 2022. U.S. centrifugal pump exports totaled USD1.3 billion in 2024, an 8.2% increase. Supported by low-interest government subsidies and local assembly plans, production has grown throughout India, China, and Eastern Europe to meet demand.
Centrifugal Pump Market - Growth Drivers and Challenges
Growth Drivers
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Smart pumping and industrial automation: As Industry 4.0 adoption speeds up, demand for smart centrifugal pumps with real-time monitoring and predictive maintenance is soaring. ABB says smart pump systems improve energy efficiency by 10 to 26% and cut unexpected downtime by 31%. Digital twin technology and remote-control capabilities are increasingly being integrated into centrifugal pump products for chemicals, water utilities, and process industries.
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Global focus on energy efficiency and carbon reduction: Nearly 21% of all industrial motor energy usage worldwide is attributed to centrifugal pumps. Pump efficiency requirements, such as the EU's EcoDesign directive, have been implemented in response by the International Energy Agency (IEA) and regional authorities. This has encouraged manufacturers to use IE4/IE5 motor technologies and variable frequency drives (VFDs), reducing carbon footprints and providing end users with long-term operational savings.
1. Global Centrifugal Pump Demand Trend Analysis (2015-2025)
The worldwide centrifugal pump market has experienced vigorous demand expansion over the last ten years, and this was largely propelled by rapid urbanization, industrialization, and the need for fluid management in sectors including water and wastewater treatment, oil and gas, and power generation. Water and wastewater treatment, with a market share of 31 % in 2023, is a key market growth driver with 1.1 trillion dollars in global infrastructure spending slated before 2035. A key market influence has been technological developments, including Internet of Things (IoT) enabled smart pumps that can lower operational costs by as much as 21 %, which further drives demand. Supporting government initiatives, like India’s Jal Jeevan Mission, adds to the compelling need for sustainable pumping solutions, which are assured growth drivers for the market. Demand data are listed below:
Centrifugal Pump Demand by Sector: Key Statistics and Insights
|
Sector |
Key Demand Drivers |
Market Statistics (2023-2024) |
Future Outlook |
|
Water and Wastewater Treatment |
Global urbanization, stringent environmental regulations |
31% market share in 2023; USD 1.1 trillion global water infrastructure investment by 2035 |
Sustainable water management through advanced pumps: a critical growth area |
|
Oil and Gas |
Exploration, production, and refining in North America and the Middle East |
41% of the industrial segment in 2024; Canada’s oil production to rise 17% by 2032 |
High-performance pumps for corrosive fluids to enhance competitiveness |
|
Chemical Processing |
Handling corrosive and viscous fluids; U.S. chemical production growth |
2.3% U.S. chemical production growth in 2024; USD 108 billion invested in U.S. facilities since 2010 |
Innovation with corrosion-resistant, smart pump technologies |
|
Power Generation |
Cooling systems, boiler feed, Europe’s renewable energy focus |
81% offshore wind capacity share in Europe 2024; 5.6% CAGR through 2028 |
Energy-efficient pumps align with sustainability goals |
|
Food and Beverage |
Hygienic, food-grade pumps; rising global population |
61% industrial segment share in 2023; 20% rise in freshwater use by manufacturing by 2050 |
Compliant, high-efficiency pumps ensure safety and scalability |
|
Manufacturing |
HVAC, fluid transfer, and industrial expansion in Asia-Pacific |
46.8% Asia-Pacific market share in 2024; 21% operational cost reduction via IoT pumps |
Modular, automated pump designs to meet diverse industrial needs |
2. Price Trends of Centrifugal Pumps
The centrifugal pump market has steadily expanded because of pressure from water and wastewater, oil and gas, and various industrial uses. Worldwide unit sales volumes surged from approximately 10 million in 2018 to approximately 12 million in 2023. The bulk of the unit sales were in Asia-Pacific. The growth of this region is due to a firmer demand for centrifugal variables; however, the rapid industrialization (World Bank) tends to provide rapid growth patterns. The centrifugal pump market has a great outlook given sustainability and improvement of aging infrastructure affecting needs, particularly in diminishing water supply circumstances around the world. Price data has been mentioned below:
|
Year |
Global Unit Sales (Million) |
North America Price Trend (USD/unit) |
Europe Price Trend (USD/unit) |
Asia Price Trend (USD/unit) |
Factors Affecting Prices |
|
2020 |
10.6 |
3,201–3,501 |
3,401–3,701 |
2,801–3,101 |
COVID-19 disruptions reduced production; raw material costs rose 11%. |
|
2021 |
10.9 |
3,301–3,601 |
3,501–3,801 |
3,001–3,401 |
Supply chain constraints increased prices by 9% in Asia; demand recovery in oil and gas. |
|
2022 |
11.4 |
3,401–3,701 |
3,601–3,901 |
3,101–3,501 |
Raw material volatility; energy efficiency regulations raised costs by 6%. |
|
2023 |
11.8 |
3,501–3,801 |
3,701–4,001 |
3,201–3,601 |
Industrial growth in Asia-Pacific (46.8% market share) drove demand; prices up 7%. |
|
2024 |
12.1 |
3,601–3,901 |
3,801–4,101 |
3,301–3,701 |
IoT integration and sustainability mandates increased prices by 8%; infrastructure investments. |
Challenges
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Infrastructure & technical capacity in emerging markets: Rural infrastructure in Sub‑Saharan and South‑Asian countries remains underdeveloped. Research shows that constrained centrifugal pump adoption on small farms is limited by poor power supply and the absence of qualified pump experts. Low local technical support skills and high starting expenses discourage investment, therefore decreasing addressable demand, even when pump efficiency would save running expenses.
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Green protectionism via environmental standards: Though legitimate, environmental policies might inadvertently impede exports, especially affecting SMEs in underdeveloped countries struggling with compliance, the WTO observes. Meeting US water-efficiency or EU eco-design standards for centrifugal pump suppliers in nations like India or Nigeria can be financially prohibitive. SMEs may not be able to obtain the required certifications, which would limit their global reach and prevent them from participating in EU/US tenders. As a result, the WTO encourages developing countries to increase their capacity; however, actual implementation is inconsistent, which increases market barriers for small and medium-sized pump manufacturers.
Centrifugal Pump Market Size and Forecast:
| Report Attribute | Details |
|---|---|
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
4.4% |
|
Base Year Market Size (2024) |
USD 38.8 billion |
|
Forecast Year Market Size (2037) |
USD 65.3 billion |
|
Regional Scope |
|
Centrifugal Pump Market Segmentation:
Type Segment Analysis
The single-stage pumps segment is predicted to gain the largest centrifugal pump market share of 35.2% during the projected period by 2037, due to their cost-effectiveness and efficient low-pressure performance. These pumps are widely used in agriculture, construction services, and light industrial applications where high flow rates at reasonable pressures are essential. With updated standards promoting their use, the U.S. Department of Energy emphasizes their role in energy-efficient fluid handling. Several industries prefer them over two-stage solutions due to their simple design, ease of maintenance, and reliability. Single-stage pumps should remain the dominant subsegment since companies prioritize cost savings in operation as number one.
End use Segment Analysis
The water and wastewater segment is anticipated to constitute the most significant growth by 2037, with 28.2% market share, due to rapid urbanization and strict government restrictions on wastewater management will likely make the centrifugal pump market dominated by the water and wastewater industry. One of the main drivers of growth is growing spending in developed countries, especially on water infrastructure. Substantial funds for modernizing outdated water systems to satisfy safety requirements are reported by the U.S. Environmental Protection Agency. Moreover, stressing worldwide efforts to increase access to clean water, especially in developing countries, the World Health Organization helps to fuel demand for effective pumping solutions. Ensuring ongoing market expansion, municipalities and industrial users are increasingly using centrifugal pumps for wastewater treatment, desalination, and water distribution.
Our in-depth analysis of the centrifugal pump market includes the following segments:
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Segment |
Subsegment |
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Type |
|
|
Application |
|
|
End use |
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Vishnu Nair
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Centrifugal Pump Industry - Regional Synopsis
Asia Pacific Market Insights
By 2037, the Asia Pacific centrifugal pump market is expected to hold 42.2% of the market share due to continued urbanization, tighter environmental regulations, and, of course, industrial growth. These drivers are primarily being fueled by growth in urban centers and larger industrial sectors found in China and India. Water treatment will assist with pump growth in APAC alongside energy and chemicals. For example, there are government supports and regulations available to promote energy-efficient pumps. The R&D grants mean more market budget resources are being allocated to the development of sustainable technologies, alongside regulatory measures already driving market momentum regionally.
By 2037, China will be the leader in APAC's centrifugal pump market via a growing industrial manufacturing, in addition to building and maintaining infrastructure upgrades. The NDRC and MEE subsidize funds to promote energy efficiency. Renewable energy, combined with increased refinery upgrades, will positively impact the growth of the market as well. Structural factors, like urbanization and green industrial goals from the CPCIF and ChemChina, will facilitate new pump demand. Automation makes upgrading pump manufacturing approaches more acceptable because both government and corporate pressures suggest it is an optimal solution in overcoming capacity issues in wastewater, hydropower, and chemical processing facilities across China's autonomous regions.
India is expected to demonstrate the largest growth of the APAC pump market with a projected CAGR of 6.6% or greater through 2037. The Make in India entrepreneurial movement, Smart Cities program, and DMIC meant that increased spending on existing infrastructure will occur over the next 5-10 years. The Jal Jeevan Mission towards safe water, alongside agricultural sector programs, will only increase demand for pumps in India. Increased investment in India's chemical sector, in addition to a rapidly developing domestic pump industry that is strongly supported, means India has market-wide budget resources that will drive the growth of its domestic pump market.
|
Country |
Demand Drivers & Size (2024/25) |
|
Japan |
Modernization of industrial water systems; METI & NEDO funding for pump tech–environment projects (exact budget data limited online). |
|
China |
Extensive infrastructure builds and power plants increase pump use; subsidy programs for energy‑efficient water pumps |
|
India |
4.6 million pumps/year; initiatives like “Make in India”, Smart Cities, and DMIC support industrial pump demand. |
|
Malaysia |
Chemical industry expansion; government support through MOSTI and MPA for green pump uptake. |
|
South Korea |
Industrial automation and green chemistry drive adoption; ME and KCIC back sustainability. |
North America Market Insights
The North American market is expected to hold 18.2% of the market share due to increasing demand in oil & gas, chemicals, and municipal water. Demand for Thermoplastic centrifugal pumps in the U.S. is underpinned by projects in shale extraction and in the Gulf Region of petrochemical facility investment. Innovations in smart pumps, energy-efficient impeller designs, and regulatory standards from both the EPA and the DOE all have acted as growth drivers moving forward. Cross-border trade for centrifugal pumps that are compliant with the trade agreements under USMCA and new supply chains influenced by Industry 4.0 should provide a dependable base mechanism for pump demand.
The U.S. centrifugal pump market is a key segment of the industrial machinery sector, driven by demand from water & wastewater, oil & gas, and agriculture industries. The market is projected to grow at a CAGR of around 3.5-4% through 2030, fueled by infrastructure upgrades and energy efficiency trends. The oil & gas sector accounts for over 25% of demand, while municipal water systems contribute nearly 30%. Key players like Xylem, Grundfos, and Flowserve dominate the market, with energy-efficient pumps gaining traction due to stricter EPA regulations. Regional growth is strongest in the South and Midwest, supported by industrial expansion and agricultural needs.
The Canadian Energy Efficiency Regulations (2016, amended 2022) mandate minimum performance standards, pushing industries to adopt high-efficiency pumps, which can reduce energy consumption by 20–30%. This has accelerated demand, with the energy-efficient pump segment projected to grow at a 5% CAGR through 2030. Meanwhile, industrial automation and smart pumps, equipped with IoT sensors and predictive maintenance, are gaining traction—30% of new industrial pump installations now feature smart capabilities, cutting downtime by up to 40%. Government incentives, like NRCan’s (Natural Resources Canada) grants for energy-saving equipment, further boost adoption. Sectors like water treatment and oil & gas are leading this shift, driven by the need for cost savings and regulatory compliance.
Europe Market Insights
The European centrifugal pump market is projected to grow at a CAGR of 3.8% through 2030, driven by stringent EU energy efficiency regulations (EU ErP Directive) and industrial demand. Germany, France, and Italy dominate, accounting for over 50% of regional sales, with Germany leading due to its robust manufacturing and water treatment sectors. The water & wastewater segment holds the largest share (~35%), followed by chemicals & processing (25%). Smart pump adoption is rising, with 20-25% of new installations now IoT-enabled for predictive maintenance. Key players like Grundfos (Denmark), KSB (Germany), and Sulzer (Switzerland) lead the market, supported by EU funding for sustainable infrastructure, including the €750 billion NextGenerationEU recovery plan.
Germany’s €9 billion National Hydrogen Strategy and expansion of renewable energy infrastructure (targeting 80% green power by 2030) are fueling demand for specialized pumps in electrolysis, biofuel processing, and CO2 capture, with the segment projected to grow at 8% CAGR. Meanwhile, Germany's export dominance, accounting for 40% of EU centrifugal pump shipments (€2.5 billion annually) is bolstered by engineering giants like KSB and Wilo, which leverage Industry 4.0 innovations (e.g., smart pumps with 30% higher efficiency) to meet global demand, particularly in Asia and North America. Strict ISO 5199 standards further enhance competitiveness, ensuring 70% of German-made pumps meet premium efficiency benchmarks.
The Smart Agriculture & Food Processing sector is a major driver of the Netherlands' centrifugal pump market, leveraging the country's position as the world's second-largest agricultural exporter (€105 billion in 2022). Precision irrigation systems, which rely on energy-efficient centrifugal pumps, are critical for the Dutch greenhouse sector (covering 10,500 hectares), reducing water use by 30%. In food processing, hygienic stainless-steel pumps dominate, with the segment growing at 6% CAGR, driven by strict EU food safety regulations (e.g., EHEDG standards). The Dutch agri-tech sector invests €400 million annually in automation, integrating IoT-enabled pumps for real-time fluid handling in dairy, brewing, and processing plants. Companies like GEA and Alfa Laval supply 40% of Europe's food-grade pumps, reinforcing the Netherlands' export leadership in high-value applications.
|
Country |
2037 Market Share & Highlight |
|
Germany |
23% revenue share, led by infrastructure projects, strict wastewater regulation, and smart‑pump adoption. |
|
UK |
13%, growing in wastewater and semiconductor‑related green infrastructure investment. |
|
France |
11%, circular‑economy focus driving pump allocations in industrial/environment budgets. |
|
Italy |
9%, tied to construction and agriculture infrastructure funding, with 4.3% CAGR. |
|
Spain |
10%, fastest growth with irrigation and renewables driving 7-8% CAGR. |
|
Russia |
8%, industrial-centric demand focused on oil‑&‑gas and chemical applications. |
|
Nordic |
7%, early adopters of smart pumping are linked to renewable/wastewater networks. |
Key Centrifugal Pump Market Players:
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
The global centrifugal pump market is moderately consolidated, comprising global players. Driving the competition are strategic actions like mergers, digital twin technology, and research and development into energy-efficient pumps. European manufacturers are all about sustainability, using possibilities for carbon neutrality policy as a way of generating customer service for complying with regulations. U.S. firms are focusing on automation with IoT integration, and Japanese manufacturers focus on compact, highly efficient devices to support urban and industrial areas within APAC. Regionally focusing on expansions, OEM cooperation, and aftermarket practices are opportunities changing the dynamics of the marketplace globally.
Some of the key players operating in the market are listed below:
|
Company Name |
Country of Origin |
Estimated Global Market Share (2024) |
|
Grundfos Holding A/S |
Denmark |
8.6% |
|
Xylem Inc. |
USA |
7.3% |
|
Flowserve Corporation |
USA |
6.8% |
|
Sulzer Ltd. |
Switzerland |
5.7% |
|
KSB SE & Co. KGaA |
Germany |
5.3% |
|
Ebara Corporation |
Japan |
5.1% |
|
Wilo SE |
Germany |
xx% |
|
ITT Inc. (Goulds Pumps) |
USA |
xx% |
|
Pentair plc |
USA |
xx% |
|
Kirloskar Brothers Limited |
India |
xx% |
|
IDEX Corporation (Corken, Viking Pump) |
USA |
xx% |
|
SPX FLOW, Inc. |
USA |
xx% |
|
Roto Pumps Limited |
India |
xx% |
Here are a few areas of focus covered in the competitive landscape of the market:
Recent Developments
- In February 2024, DESMI (Denmark) launched a new line of magnetic-drive centrifugal pumps specifically designed for corrosive and volatile chemicals. These pumps have a hermetically sealed casing equipped with a magnetic coupling, which removes mechanical seals, virtually eliminating the risk of leaks in the hazardous chemical environment. Early users in chemical processing verified reductions in unplanned downtime due to seal failures of approximately 16–21%. At launch, projections indicated accelerated market size for mag-drive pumps, including a projected CAGR of >9% through 2028 in the chemical industry, further supporting the gap for mag-drive being used in the sector.
- In December 2024, India-based Wilo Mather & Platt launched an axial-flow submersible pump with SCADA for industrial and water-related applications, including chemical plants. This dual, horizontally or vertically mounted, pump provides industry partners with real-time monitoring of pump performance, flow control automation including speed control, and internet-enabled cloud-to-pump connectivity for immediate alerts and dashboard visibility. In a deployment in sewage, water, and chemical plants (e.g., Ayodhya, MP, Maharashtra), Wilo Mather & Platt saw a 21–26% reduction in energy consumption, and a 31% reduction and the need for manual interventions.
- Report ID: 5115
- Published Date: Jun 27, 2025
- Report Format: PDF, PPT
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