Centrifugal Pump Market Trends, Share, Demand, Leading Companies, Industry Growth and Drivers by 2026

According to IMARC Group’s latest report, titled “Centrifugal Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global centrifugal pump market exhibited stable growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 4% during 2021-2026.

Centrifugal pumps are mechanical devices that convert rotational kinetic energy to hydrodynamic energy. They are utilized for accelerating fluids and increasing the fluid pressure during transportation. These pumps are commonly characterized by improved operational convenience and enhanced steady delivery with high-speed movements.

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviors of the consumers globally–our estimates about the latest market trends and forecast values after considering the impact of this pandemic. These observations will be integrated into the report.

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Market Trends and Drivers:

The global centrifugal pump market is primarily driven by widespread product utilization in water treatment applications. Moreover, the increasing investments by various governing bodies to replace existing industrial pumps in the pharmaceutical and food sectors is also creating a positive outlook for the market. The market is further driven by the growing demand for centrifugal pumps in the oil and gas industry to facilitate exploratory activities in offshore and deep-water fields. Apart from this, the continual integration of several advanced technologies with these products is also acting as a major growth-inducing factor. Some of the other factors contributing to the market growth include rapid industrialization and the launch of energy-efficient centrifugal pumps in the market.

Centrifugal Pump Market 2021-2026 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the centrifugal pump market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Baker Hughes (A GE Company)
  • Pentair Inc.
  • Wilo SE
  • Someflu
  • Tsurumi Manufacturing Co. Ltd.
  • Weir
  • Xylem Inc.
  • Circor International Inc.
  • Ebara Corporation
  • Flowserve
  • Grundfos Holding
  • ITT Corporation

Key Market Segmentation:

The report has segmented the global centrifugal pump market on the basis of impeller type, stage, flow type, capacity, end-user and region.

Breakup by Impeller Type:

  • Overhung Impeller
  • Vertically Suspended
  • Between Bearing

Breakup by Stage:

  • Single Stage Pump
  • Two Stage Pump
  • Multi-Stage Pump

Breakup by Flow Type:

  • Axial Flow Pumps
  • Radial Flow Pumps
  • Mixed Flow Pumps

Breakup by Capacity:

  • Small Capacity
  • Medium Capacity
  • High Capacity

Breakup by End-User:

  • Chemicals
  • Oil and Gas
  • Power Generation
  • Construction
  • Pharmaceuticals
  • Food and Beverages
  • Metals and Mining
  • Water and Wastewater
  • Others

Breakup by Region:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • Middle East and Africa

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Key Highlights of the Report:

  • Market Performance (2015-2020)
  • Market Outlook (2021-2026)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • The Impact of COVID-19 on the Global Market
  • Value Chain Analysis
  • Structure of the Global Market
  • Comprehensive mapping of the competitive landscape

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Smith Ivo

Five years in chemical & material has made Ivo Smith more or less an expert in everything related to medicines, drugs, chemicals and related sectors – at least from the PR front. Through his insider access to the sector, he has gained valuable insight into the entire manufacturing process of chemical and material.
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