Centrifugal pump device which is required to move fluids by means of the transfer of rotational energy through impellers. These types of pumps are mainly used for pumping water in the industrial and residential properties. They are also majorly used in agriculture sector, municipal water and wastewater plants, power generation plants, petroleum, and chemical industries, among others. The global centrifugal pump market is estimated to expand at 4.01% CAGR during the forecast period.

Centrifugal Pump is a type of pump that uses impeller to move water or other fluids. These pumps are used to induce flow by increasing the pressure of the fluid. The centrifugal pump is commonly used in industries such as water & wastewater, power, chemical, oil & gas, and others. Advantages of centrifugal pump includes easy to handle, compact in size, and can be used to lift highly viscous liquid such as paper pulp, muddy and sewage water, sugar molasses, and oil.

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The growing demand for centrifugal pump market is attributed to the growing infrastructure development across the globe and rising demand for water conservation and investment in water & wastewater industry. Countries such as US, China, Germany, India, and others are focusing on desalination and investment in water treatment plants to improve the efficiency of water intensive industries such as power, paper & pulp, chemical, oil & gas, and others. One of the major restraints for the global centrifugal pump market is the cavitation effect in centrifugal pumps.

Key Players

The key players of the global centrifugal pump market are Xylem (US), Grundfos (Denmark), Flowserve (US), KSB (Germany), Circor International (US), Sulzer (Switzerland), ITT Corporation (US), Wilo (Germany), Ebara Corporation (Japan), Pentair (US), Someflu (France), Baker Hughes, A GE Company (US), and Weir (UK).

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Industry Segmentation

The centrifugal pump market has been segmented based on type into overhung impeller, vertically suspended, and between-bearing. Among these types, vertically suspended is the fastest growing segment in the centrifugal pump market as it as it used 75% less floor space compared to horizontal pumps with electric motor drives. It is majorly used in water & wastewater treatment plants.

Based on end-user, the market is segmented as water & wastewater, oil & gas, chemical, power, and others. Water & wastewater segment is estimated to dominate the market during the forecast period due to rising investment in waste water industry across the globe. The awareness level of water reuse has increased due to the decreasing level of groundwater globally. Industrial sector consumes a large volume of water, and due to depleting reserves of groundwater, the reuse of water has become essential. The governments across the world are focusing on the development of strict regulatory policies to build sustainable water systems which would in turn drive the use of centrifugal pumps in this industry.

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