The Centrifugal Pump Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Centrifugal Pump Market?
The global market for centrifugal pumps has experienced significant growth recently. It is anticipated to expand from $40.85 billion in 2024 to $43.46 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Centrifugal Pump Industry?
The Centrifugal Pump Global Market is projected to reach $54.95 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.0%.
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What are the Key Growth Drivers Fueling the Centrifugal Pump Market?
The key drivers in the centrifugal pump market are:
• Increasing demand for single-stage centrifugal pumps
• Rising demand for freshwater
• Growing preference for electric variants of centrifugal pumps
• Increased spending on construction projects and expanding oil and gas production
Global Market Segmentation: Identifying Major Centrifugal Pump Industry Segments
The centrifugal pumpmarket covered in this report is segmented –
1) By Type: Overhung Impeller, Between Bearing, Vertically Suspended
2) By Stage: Single Stage, Multistage
3) By Operation: Electrical, Air-Driven, Hydraulic
4) By End-User: Industrial, Agricultural, Domestic
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What are the emerging Trends Shaping the Future of the Centrifugal Pump Market?
The key trends in the centrifugal pump market are:
• Technological advancements are a core trend impacting the future of the centrifugal pump market.
• There's a growing trend of using solar-based centrifugal pumps.
• The integration of modern technologies is rapidly becoming a significant trend.
• The development of energy-efficient centrifugal pumps is another trend shaping the future of the market.
Who Are the Top Competitors & Leading Players in the Centrifugal Pump Market?
Major companies in the centrifugal pump market are:
• General Electric Company
• Dover Corporation
• Schlumberger Ltd.
• Baker Hughes Co.
• Ingersoll Rand Inc.
• WEG S.A.
• Alfa Laval AB
• Ebara Corporation
• Grundfos Holding A/S
• Pentair plc
• Flowserve Corporation
• Sulzer Brothers Ltd.
• ITT Inc.
• Weir Group plc
• Gardner Denver LLC
• CIRCOR International Inc.
• Ruhrpumpen Group
• DESMI A/S
• Shakti Pump Ltd.
• HERMETIC-Pumpen GmbH
• Klaus Union GmbH & Co. KG
• CP Pumpen AG
• HOMA Pumpenfabrik GmbH
• The PROLAC HCP Pump
• Mody Pumps Inc.
• PSP Pumps Pvt. Ltd.
Regional Dominance: Which Area Leads the Global Centrifugal Pump Market?
Asia-Pacific was the largest region in the centrifugal pump market in 2024
