Centrifugal Pump Market size was valued at USD 43.90 Bn. in 2023 and the total revenue is expected to grow at a CAGR of 6.21 % through 2024 to 2030, reaching nearly USD 66.93 Bn.Centrifugal Pump Market Overview:
The report includes an analysis of the impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lockdown was implemented differently in different regions and countries, the impact of the same is also different by regions and segments. The report has covered the current short term and long term impact on the market will help decision-makers to prepare the outline for short term and long term strategies for companies by region. A Centrifugal pump is a mechanical device designed to move liquid by means of the transfer of centripetal energy through impellers. These types of pumps are used for pumping Oil, Gas, and Water. Growth in Oil exploration and production activities in deep-water oil & gas fields in the North America and Africa regions are anticipated to drive the global demand for centrifugal pumps. The oil and gas industry is expected to grow at an xx% CAGR in the forecasted period. The volatility of prices of gas and crude oil is estimated to be the major restraint in the growth of the centrifugal pumps market.To know about the Research Methodology :- Request Free Sample Report
Centrifugal Pump Market Segment Analysis:
By End User, the global centrifugal pumps market is majorly driven by Power Generation. Development of power generation sector in many countries are increasing demand for Centrifugal pump. Power generation plants such as coal, nuclear, and gas-based started have phased out. The development of gas-operated power generation plants are anticipated to fuel the growth of the centrifugal pumps market. The report covers an analysis of the current global centrifugal pump market size and share in terms of revenues. The report also presents a 7-year outlook based on compound annual growth rates (CAGR) for each type of centrifugal pump covered in scope and the industry as a whole. Further, a detailed analysis of the products is provided in the report. The report covers the changing market condition and adoption by how centrifugal pump manufacturers through key industry insights. The companies covered in the report are ranked and identified according to their market share and performance. Moreover, company benchmarking (company to company comparison) and Product benchmarking (product-to-product comparison) are including in the study to presents key competitive factors that are important for companies to outperform in challenging market conditions.Centrifugal Pump Market Regional Overview
By region, the Asia Pacific held the largest market share of xx% in 2021 and is expected to grow at a CAGR of xx% during the forecast period. Rising industrialization and development in the power generation sector, particularly in emerging economies such as China, Japan, and India are the leading contributor to the regional market growth. North America and Europe are expected to offer significant growth opportunities during the forecast period. The report covers an in-depth analysis of key development, marketing strategies, supply-side and demand-side indicators, and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as mergers & acquisitions, joint ventures, collaborations, expansion, new product launches, and patents to increase their regional presence and business operations. The objective of the report is to present a comprehensive analysis of the Global Centrifugal Pump Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Centrifugal Pump Market dynamics, structure by analyzing the market segments and project Global Centrifugal Pump Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Centrifugal Pump Market the report investor’s guide.Centrifugal Pump Industry Ecosystem
Centrifugal Pump Market Scope: Inquire before buying
Centrifugal Pump Market Report Coverage Details Base Year: 2023 Forecast Period: 2024-2030 Historical Data: 2018 to 2023 Market Size in 2023: USD 43.90 Bn Forecast Period 2024 to 2030 CAGR: 6.21% Market Size in 2030: USD 66.93 Bn Segments Covered: by Impeller Type Open Partially Open Enclosed by End User Oil and Gas Power Generation Other End Users by Stage Single-stage Pumps Multi-stage Pumps Centrifugal Pump Market by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)Centrifugal Pump Market Key Players
1 KSB SE & Co. KGaA 2 Weir Group PLC 3 Flowserve Corporation 4 Schlumberger Ltd 5 Baker Hughes Company 6 ITT Corporation 7 Ruhrpumpen Group 8 Xylem Inc. 9 Wilo SE 10 Sulzer AG 11 Ebara Corporation 12 Grundfos AGFrequently Asked Questions:
1] Which region has the largest share in Market? Ans. North America region held the highest share in 2023. 2] What is the growth rate of Market? Ans. The Global market is growing at a CAGR of 6.21% during forecasting period 2024-2030 3] What was the market size of the market in 2023? Ans. The market size of the market in 2023 was US $ 43.90 Bn 4] What is the forecast period for the market? Ans. The Forecast period for the market is 2024-2030. 5] Who are the key players in market? Ans. The important key players in the market are KSB SE & Co. KGaA, Weir Group PLC, Flowserve Corporation, Schlumberger Ltd, Baker Hughes Company, ITT Corporation
1. Centrifugal Pump Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Global Centrifugal Pump Market: Competitive Landscape 2.1. MMR Competition Matrix 2.2. Competitive Landscape 2.3. Market share analysis of major players 2.4. Products specific analysis 2.4.1. Main suppliers and their market positioning 2.4.2. Key customers and adoption rates across different sectors 2.5. Key Players Benchmarking 2.5.1. Company Name 2.5.2. Impeller Type Segment 2.5.3. End-user Segment 2.5.4. Revenue (2023) 2.5.5. Key Development 2.5.6. Geographic distribution of major customers 2.6. Market Structure 2.6.1. Market Leaders 2.6.2. Market Followers 2.6.3. Emerging Players 2.7. Mergers and Acquisitions Details 3. Centrifugal Pump Market: Dynamics 3.1. Centrifugal Pump Market Trends 3.2. Centrifugal Pump Market Dynamics 3.2.1. Drivers 3.2.2. Restraints 3.2.3. Opportunities 3.2.4. Challenges 3.3. Trends/disruptions impacting customer business 3.3.1. Revenue shifts and new revenue pockets for Centrifugal Pump manufacturers 3.4. Market map 3.5. Value Chain Analysis 3.5.1. Raw material providers/suppliers 3.5.2. Component manufacturers 3.5.3. Centrifugal pump manufacturers/assemblers 3.5.4. Distributors/end users 3.5.5. Post-sales services 3.6. Technology Analysis 3.6.1. Reverse turbine mode 3.6.2. Iot-driven centrifugal pumps 3.6.3. Digital twin and machine learning incorporation 3.7. Pricing Analysis 3.8. Tariffs, codes and regulations 3.9. Patent Analysis 3.10. Trade Analysis 3.10.1. Export Scenario 3.10.2. Import Scenario 3.11. Case study analysis 3.11.1. Supply of centrifugal pumps to oil and gas exploration and production projects 3.11.2. Multiple pump driveshaft failures for ore mining company 3.12. PORTER’s Five Forces Analysis 3.12.1. Intensity of the Rivalry 3.12.2. Threat of New Entrants 3.12.3. Bargaining Power of Suppliers 3.12.4. Bargaining Power of Buyers 3.12.5. Threat of Substitutes 3.13. Regulatory Landscape by Region 3.13.1. North America 3.13.2. Europe 3.13.3. Asia Pacific 3.13.4. South America 3.13.5. MEA 4. Centrifugal Pump Market: Global Market Size and Forecast by Segmentation (by Value in USD Mn) (2023-2030) 4.1. Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 4.1.1. Open 4.1.2. Partially Open 4.1.3. Enclosed 4.2. Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 4.2.1. Oil and Gas 4.2.2. Power Generation 4.2.3. Other End Users 4.3. Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 4.3.1. Single-stage Pumps 4.3.2. Multi-stage Pumps 5. North America Centrifugal Pump Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 5.1. North America Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 5.1.1. Open 5.1.2. Partially Open 5.1.3. Enclosed 5.2. North America Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 5.2.1. Oil and Gas 5.2.2. Power Generation 5.2.3. Other End Users 5.3. North America Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 5.3.1. Single-stage Pumps 5.3.2. Multi-stage Pumps 5.4. North America Centrifugal Pump Market Size and Forecast, by Country (2023-2030) 5.4.1. United States 5.4.1.1. United States Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 5.4.1.1.1. Open 5.4.1.1.2. Partially Open 5.4.1.1.3. Enclosed 5.4.1.2. United States Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 5.4.1.2.1. Oil and Gas 5.4.1.2.2. Power Generation 5.4.1.2.3. Other End Users 5.4.1.3. United States Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 5.4.1.3.1. Single-stage Pumps 5.4.1.3.2. Multi-stage Pumps 5.4.2. Canada 5.4.2.1. Canada Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 5.4.2.1.1. Open 5.4.2.1.2. Partially Open 5.4.2.1.3. Enclosed 5.4.2.2. Canada Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 5.4.2.2.1. Oil and Gas 5.4.2.2.2. Power Generation 5.4.2.2.3. Other End Users 5.4.2.3. Canada Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 5.4.2.3.1. Single-stage Pumps 5.4.2.3.2. Multi-stage Pumps 5.4.3. Mexico 5.4.3.1. Mexico Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 5.4.3.1.1. Open 5.4.3.1.2. Partially Open 5.4.3.1.3. Enclosed 5.4.3.2. Mexico Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 5.4.3.2.1. Oil and Gas 5.4.3.2.2. Power Generation 5.4.3.2.3. Other End Users 5.4.3.3. Mexico Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 5.4.3.3.1. Single-stage Pumps 5.4.3.3.2. Multi-stage Pumps 6. Europe Centrifugal Pump Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 6.1. Europe Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 6.2. Europe Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 6.3. Europe Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 6.4. Europe Centrifugal Pump Market Size and Forecast, by Country (2023-2030) 6.4.1. United Kingdom 6.4.1.1. United Kingdom Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 6.4.1.2. United Kingdom Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 6.4.1.3. United Kingdom Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 6.4.2. France 6.4.2.1. France Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 6.4.2.2. France Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 6.4.2.3. France Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 6.4.3. Germany 6.4.3.1. Germany Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 6.4.3.2. Germany Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 6.4.3.3. Germany Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 6.4.4. Italy 6.4.4.1. Italy Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 6.4.4.2. Italy Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 6.4.4.3. Italy Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 6.4.5. Spain 6.4.5.1. Spain Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 6.4.5.2. Spain Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 6.4.5.3. Spain Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 6.4.6. Sweden 6.4.6.1. Sweden Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 6.4.6.2. Sweden Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 6.4.6.3. Sweden Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 6.4.7. Austria 6.4.7.1. Austria Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 6.4.7.2. Austria Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 6.4.7.3. Austria Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 6.4.8. Rest of Europe 6.4.8.1. Rest of Europe Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 6.4.8.2. Rest of Europe Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 6.4.8.3. Rest of Europe Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 7. Asia Pacific Centrifugal Pump Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 7.1. Asia Pacific Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 7.2. Asia Pacific Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 7.3. Asia Pacific Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 7.4. Asia Pacific Centrifugal Pump Market Size and Forecast, by Country (2023-2030) 7.4.1. China 7.4.1.1. China Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 7.4.1.2. China Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 7.4.1.3. China Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 7.4.2. S Korea 7.4.2.1. S Korea Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 7.4.2.2. S Korea Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 7.4.2.3. S Korea Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 7.4.3. Japan 7.4.3.1. Japan Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 7.4.3.2. Japan Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 7.4.3.3. Japan Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 7.4.4. India 7.4.4.1. India Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 7.4.4.2. India Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 7.4.4.3. India Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 7.4.5. Australia 7.4.5.1. Australia Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 7.4.5.2. Australia Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 7.4.5.3. Australia Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 7.4.6. ASIAN 7.4.6.1. ASIAN Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 7.4.6.2. ASIAN Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 7.4.6.3. ASIAN Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 7.4.7. Rest of Asia Pacific 7.4.7.1. Rest of Asia Pacific Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 7.4.7.2. Rest of Asia Pacific Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 7.4.7.3. Rest of Asia Pacific Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 8. Middle East and Africa Centrifugal Pump Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 8.1. Middle East and Africa Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 8.2. Middle East and Africa Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 8.3. Middle East and Africa Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 8.4. Middle East and Africa Centrifugal Pump Market Size and Forecast, by Country (2023-2030) 8.4.1. South Africa 8.4.1.1. South Africa Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 8.4.1.2. South Africa Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 8.4.1.3. South Africa Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 8.4.2. S GCC 8.4.2.1. GCC Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 8.4.2.2. GCC Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 8.4.2.3. GCC Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 8.4.3. Egypt 8.4.3.1. Egypt Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 8.4.3.2. Egypt Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 8.4.3.3. Egypt Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 8.4.4. Nigeria 8.4.4.1. Nigeria Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 8.4.4.2. Nigeria Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 8.4.4.3. Nigeria Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 8.4.5. Rest of ME &A 8.4.5.1. Rest of ME &A Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 8.4.5.2. Rest of ME &A Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 8.4.5.3. Rest of ME &A Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 9. South America Centrifugal Pump Market Size and Forecast by Segmentation (by Value in USD Million) (2023-2030) 9.1. South America Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 9.2. South America Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 9.3. South America Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 9.4. South America Centrifugal Pump Market Size and Forecast, by Country (2023-2030) 9.4.1. Brazil 9.4.1.1. Brazil Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 9.4.1.2. Brazil Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 9.4.1.3. Brazil Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 9.4.2. Argentina 9.4.2.1. Argentina Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 9.4.2.2. Argentina Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 9.4.2.3. Argentina Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 9.4.3. Rest Of South America 9.4.3.1. Rest of South America Centrifugal Pump Market Size and Forecast, by Impeller Type (2023-2030) 9.4.3.2. Rest of South America Centrifugal Pump Market Size and Forecast, by End User (2023-2030) 9.4.3.3. Rest of South America Centrifugal Pump Market Size and Forecast, by Stage (2023-2030) 10. Company Profile: Key Players 10.1. KSB SE & Co. KGaA 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.3.1. Total Revenue 10.1.3.2. Segment Revenue 10.1.3.3. Annual Revenue 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Recent Developments 10.2. Weir Group PLC 10.3. Flowserve Corporation 10.4. Schlumberger Ltd 10.5. Baker Hughes Company 10.6. ITT Corporation 10.7. Ruhrpumpen Group 10.8. Xylem Inc. 10.9. Wilo SE 10.10. Sulzer AG 10.11. Ebara Corporation 10.12. Grundfos AG 11. Key Findings and Analyst Recommendations 12. Centrifugal Pump Market: Research Methodology 12.1. Research Data 12.2. Market breakdown and data triangulation 12.2.1. Secondary Data 12.2.1.1. Key data from secondary sources 12.2.2. Primary Data 12.2.2.1. Key data from Primary sources 12.2.2.2. Breakdown of primaries 12.3. Scope 12.4. Market size estimation 12.4.1. Bottom-up approach 12.4.2. Top-down approach 12.4.3. Demand side analysis 12.4.3.1. Regional analysis 12.4.3.2. Country level analysis 12.4.3.3. Assumptions for demand side analysis 12.4.3.4. Calculations for demand side analysis 12.4.4. Supply side analysis 12.4.4.1. Calculations for supply side analysis 12.4.4.2. Assumptions for supply side analysis 12.5. Recession impact