Centrifugal Pump Market Size To Reach $50.54 Billion By 2030

Centrifugal Pump Market Growth & Trends

The global centrifugal pump market size is expected to reach USD 50.54 billion by 2030, expanding at 4.2% from 2025 to 2030, according to a new report by Grand View Research, Inc. The centrifugal demand has escalated owing to the increase in pump demand for pressure fluids. The pumps are primarily used for accelerating fluids, like water, chemicals, sludge treatment liquids, wastewater, oil, bleaches, and resins.

Increasing demand for water in domestic and industrial applications due to the growing world population is driving the market growth. Expanding population, rapid urbanization, technological developments, and growth in infrastructure have augmented the demand for fresh and processed water across the globe. This in turn is expected to fuel the market growth over the forecast period.

In addition, water scarcity is affecting regions across the globe owing to the lack of freshwater resources, there is an increased need for wastewater treatment to meet the rising demand for clean water. This is expected to drive the global water and wastewater treatment equipment market over the forecast period.

Expanding industrial sectors including food & beverage, chemicals, pulp & paper, pharmaceutical, power, metal & mining, textiles, semiconductors, and oil & gas result in increased consumption of clean water, which is expected to drive the demand for the centrifugal pump industry across the globe.

Manufacturers of centrifugal pumps adopt several strategies including acquisitions, mergers, joint ventures, new product developments, and geographical expansions to enhance their market penetration and cater to the changing technological demand for equipment from various end-use industries such as agriculture, construction & building services, water & wastewater, power generation, oil & gas, chemical, and others. For instance, in October 2022, Sulzer introduces updated features for the AHLSTAR A line of process pumps. AHLSTAR A pumps made of ductile iron have a 180°C temperature limit and a maximum working pressure of 16 bars.

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Centrifugal Pump Market Report Highlights

• The single stage configuration segment led the market and accounted for 60.4% of the global revenue share in 2024.

• The radial flow pump design segment led the market and accounted for 62.6% of the global revenue share in 2024. Radial flow pumps work by pushing water toward the outside edge of a revolving impeller.

• The agriculture end use segment led the market and accounted for 24.7% of the global revenue share in 2024. The centrifugal pump industry is anticipated to be driven by an expanding application scope due to benefits including reduced harmful gas emissions, wear and corrosion protection, electrical resistance, and thickness capacity.

• Asia Pacific centrifugal pump market dominated globally in 2024 with a 46.4% revenue share. The Asia Pacific region, driven by rapid industrialization in countries like India, China, and Japan, is experiencing strong growth in the centrifugal pump industry.

Centrifugal Pump Market Segmentation

Grand View Research has segmented the global centrifugal pump market on the basis of configuration, design, end use, and region:

Centrifugal Pump Configuration Outlook (Revenue, USD Billion, 2018 - 2030)

• Single Stage

• Multistage

Centrifugal Pump Design Outlook (Revenue, USD Billion, 2018 - 2030)

• Radial Flow Pump

• Mixed Flow Pump

• Axial Flow Pump

Centrifugal Pump End Use Outlook (Revenue, USD Billion, 2018 - 2030)

• Agriculture

• Construction & Building Services

• Water & Wastewater

• Power Generation

• Oil & Gas

• Chemical

• Others

Centrifugal Pump Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • France

  • Germany

  • Italy

  • UK

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • UAE

List of Key Players of Centrifugal Pump Market

• Grundfos

• Xylem

• Flowserve

• ITT Corporation

• CIRCOR International

• Baker Hughes

• Gardner Denver

• Ebara Corporation

• Kirloskar Brothers Limited

• Tsurumi Manufacturing