Centrifugal Pump Market Analysis

Application (Industrial Power, Commercial, Agriculture, Residential)

The industrial segment is estimated to hold 60% share of the global centrifugal pump market in the year 2035. The growth of the segment can be attributed to the rising use of centrifugal pumps across various industries, including food & beverage, pharmaceuticals, power, chemical processing, pulp & paper, and others. Therefore, the rising production of power and growing use for packaged food and juices or bear is expected to drive the segment’s growth. In power plants, centrifugal pumps are utilized for cooling water circulation, boiler feedwater, and a variety of other fluid transfer applications.

End Users (Power Generation, Oil & Gas, Water Treatment & Desalination)

The oil & gas segment in the centrifugal pump market is expected to garner a significant share of around 40% in the year 2035. The growing demand for oil and gas from the petrochemical and aviation sectors will impact the segment growth positively. Centrifugal pumps are used to transport hydrocarbons such as natural gas liquids (NGLs) like propane and butane, as well as petrochemical chemicals like ethylene and propylene. Moreover, it is also employed in refineries for transferring refined products like gasoline, diesel, and jet fuel from one unit to another.

Our in-depth analysis of the global centrifugal pump market includes the following segments:

Type	Vertically Suspended Between Bearing Overhung Impeller
Operation	Air-Driven Electrical Hydraulic
Stage	Single Stage Multistage
Application	Industrial Commercial Agriculture Residential
End User	Power Generation Oil & Gas Water Treatment & Desalination

Frequently Asked Questions (FAQ)

Increasing need for wastewater treatment, and rising demand for power and energy are the major factors driving the market growth.

The market size of centrifugal pump is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023 â€“ 2035.

The major players in the market are Flowserve Corporation, Schlumberger Ltd, Baker Hughes Company, KSB SE & Co. KGaA, Weir Group PLC, CPC Pumps International, Inc., Ebara Corporation, Xylem, Grundfos Holdings A/S, and ITT Inc.

The industrial segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Centrifugal Pump Market Analysis