Centrifugal Pump Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Overhung Impeller, Vertically Suspended, Between Bearing), By Impeller Type (Open, Partially Open, Enclosed), By Operation Type (Electric, Hydraulic, Air Driven), By Stage (Single-Stage, Multi-Stage), By End User (Commercial, Residential, Industrial (Water and Wastewater, Chemicals, Oil & Gas, Power, Others)), By Region, Competition 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 43.91 Billion
CAGR (2026-2031)	5.12%
Fastest Growing Segment	Electric
Largest Market	Asia Pacific
Market Size (2031)	USD 59.25 Billion

Market Overview

The Global Centrifugal Pump Market will grow from USD 43.91 Billion in 2025 to USD 59.25 Billion by 2031 at a 5.12% CAGR. Centrifugal pumps are mechanical devices designed to transport fluids by converting rotational kinetic energy from an impeller into hydrodynamic energy. The global market for these pumps is primarily propelled by the escalating necessity for efficient water and wastewater management systems, driven by rapid urbanization and population expansion. Furthermore, robust industrialization in developing economies and the continuous requirement for advanced irrigation solutions in the agricultural sector serve as critical drivers supporting sustained demand. These foundational elements are distinct from temporary technological trends and ensure a baseline of capital investment in fluid handling infrastructure.

However, the industry faces a significant challenge regarding stringent energy efficiency regulations, which impose higher manufacturing costs and necessitate continuous technical upgrades to meet compliance standards. Despite this impediment, demand in emerging regions continues to provide substantial growth opportunities. According to the VDMA (Verband Deutscher Maschinen- und Anlagenbau), incoming orders in the large-scale plant engineering sector from Africa totaled 2.4 billion euros in 2024, underscoring the expanding potential for fluid management projects in developing markets. This resilience in infrastructure spending suggests that the market can navigate regulatory pressures while capitalizing on new geographical frontiers.

Key Market Drivers

Expansion of water and wastewater treatment infrastructure acts as a primary catalyst for the centrifugal pump market, necessitating high-capacity fluid handling solutions for municipal and industrial applications. Governments and utilities are channeling capital into modernizing aging networks and constructing new facilities to manage water scarcity and sanitation requirements. These projects require reliable pumps for filtration, desalination, and sewage transport processes to ensure operational continuity. According to Ofwat, July 2024, in the 'PR24 Draft Determinations', the regulator proposed a spending package of 88 billion GBP for water companies in England and Wales to deliver infrastructure upgrades. Such large-scale capital allocations directly translate into substantial procurement orders for centrifugal units capable of operating under varying hydraulic conditions.

Concurrent with water sector growth, the resurgence of upstream and downstream oil and gas activities significantly influences market dynamics. As energy consumption rises, exploration and production companies are increasing capital expenditure to enhance extraction efficiency and expand refining capacities. Centrifugal pumps are integral to these operations, managing crude transfer and injection in harsh environments. According to the International Energy Agency, June 2024, in the 'World Energy Investment 2024' report, global upstream oil and gas investment is set to increase by 7 percent to 570 billion USD in 2024. This investment trend ensures sustained demand for API-compliant pumps designed for high-pressure applications. Reflecting this broader industrial momentum, major manufacturers are recording strong financial performance. According to Flowserve Corporation, February 2024, in the '2023 Annual Report', the company achieved total bookings of 4.33 billion USD, indicating robust industrial demand.

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Key Market Challenges

Stringent energy efficiency regulations represent a substantial barrier to the growth of the Global Centrifugal Pump Market by driving up production costs and creating competitive distortions. Manufacturers are compelled to allocate significant capital toward research and development to redesign hydraulic components and integrate advanced motor technologies. These mandatory technical upgrades directly increase the unit cost of production, forcing companies to raise prices. This price inflation can dampen demand, particularly in cost-sensitive industrial sectors where initial capital outlay is a primary decision factor, effectively slowing the adoption rate of compliant, high-efficiency pumping systems.

Moreover, the market suffers from a disconnect between regulatory standards and effective enforcement, leading to unfair competition. Compliant manufacturers who invest in meeting these high standards often lose market share to lower-cost competitors that bypass these rules. According to the British Pump Manufacturers Association, in 2024, a study revealed that 85% of circulator pump imports into the UK market were non-compliant with current energy efficiency regulations. This prevalence of non-compliant products hampers market growth by eroding the revenue potential of legitimate manufacturers and discouraging the sustained investment necessary for further technological advancement.

Key Market Trends

The integration of Industrial IoT and smart monitoring systems is fundamentally transforming the Global Centrifugal Pump Market by shifting value from hardware to intelligent lifecycle management. Operators are increasingly adopting sensor-enabled pumps that utilize digital twin technology and real-time analytics to predict failures, thereby minimizing unplanned downtime and optimizing energy consumption. This trend is particularly prevalent in water utilities and industrial applications where operational efficiency is critical to reducing total cost of ownership. Reflecting this robust demand for digital integration, Xylem Inc. reported in its 'Fourth Quarter and Full Year 2024 Results' in February 2025 that its Measurement and Control Solutions segment, which encompasses these smart technologies, achieved a full-year revenue of 1.87 billion USD.

Concurrently, the rising deployment of solar-powered pumping solutions is creating a distinct growth avenue, especially in agricultural and off-grid regions. Unlike traditional diesel-driven units, these sustainable systems offer low operating costs and immunity to fuel price volatility, aligning with global decarbonization goals. Governments in developing economies are actively subsidizing this technology to enhance irrigation reliability and energy independence, driving a rapid technological shift in the sector. This momentum is evident in India, where, according to the India Brand Equity Foundation, December 2025, in the 'PM-KUSUM Yojana - Solar Energy Scheme' update, the cumulative installation of solar pumps under the national initiative has exceeded 1 million units, underscoring the scale of this transition.

Segmental Insights

The Electric segment represents the fastest-growing category in the Global Centrifugal Pump Market, driven by strict regulatory mandates prioritizing energy efficiency and industrial sustainability. Manufacturers are increasingly adopting electric-driven systems to adhere to rigorous performance standards established by entities like the U.S. Department of Energy. This shift is reinforced by the need to reduce carbon footprints and operational costs associated with traditional internal combustion engines. Furthermore, the compatibility of electric pumps with automated control systems enhances their appeal across water and wastewater treatment facilities, ensuring their continued expansion.

Regional Insights

Asia Pacific maintains a commanding position in the Global Centrifugal Pump Market, primarily due to rapid industrial expansion and urbanization in key economies like China and India. Detailed industry analysis reveals that the region's dominance stems from critical infrastructure projects, particularly in water and wastewater management. Additionally, the agricultural sector requires extensive irrigation networks, creating sustained demand for reliable pumping systems. Compliance with environmental guidelines from institutions such as the Central Ground Water Authority in India encourages the deployment of energy-efficient pumps, further solidifying Asia Pacific’s status as the leading regional market.

Recent Developments

• In September 2024, the KSB Group introduced a new generation of submersible motor pumps known as the AmaRex Pro series to the global market. These pumps were designed with high-efficiency motors of the IE5 class and open two-vane impellers to ensure maximum hydraulic efficiency and resistance to clogging. The system featured an integrated intelligent motor control that automatically detected clogging events and initiated independent cleaning routines. This innovation allowed for adaptive operation, optimizing the operating point to the system curve, which reduced wear and minimized the need for unscheduled maintenance in wastewater transport applications.
• In July 2024, Flowserve Corporation acquired the intellectual property and in-process research and development assets related to liquefied natural gas (LNG) submerged pump technology from NexGen Cryogenic Solutions, Inc. This strategic transaction included technology for pumps and cold energy recovery turbines used in liquefaction, shipping, and regasification markets. The acquisition was intended to differentiate and expand the company's portfolio of LNG products while complementing its existing range of pumps, valves, and mechanical seals. The company planned to leverage its established network of quick response centers to commercialize this new decarbonization-focused technology for global customers.
• In April 2024, Sulzer inaugurated new production lines at its manufacturing facility in Easley, South Carolina, to enhance its supply chain capabilities for the United States infrastructure market. The company invested over CHF 10 million to expand the site, which began manufacturing submersible sewage pumps and grinder pumps using domestic materials and labor. This strategic expansion was designed to offer a product portfolio compliant with the Build America, Buy America Act (BABA), thereby reducing lead times for customers. The facility utilized advanced manufacturing processes to meet the growing demand for critical water treatment equipment and improve production efficiencies.
• In February 2024, ITT Inc. announced that it had signed a significant three-year agreement to supply API-610 centrifugal pump systems and related engineering services to ExxonMobil. This contract, which included a minimum commitment of $50 million and a potential total value of $80 million, represented the largest single award ever received by the company's industrial pump manufacturing brand, Goulds Pumps. The agreement aimed to support the energy company's existing operations, primarily within North America, by providing heavy-duty engineered pump systems and aftermarket parts. The collaboration allowed the partner to leverage proprietary technology to lower the total cost of ownership through shortened project cycle times.

Key Market Players

• Grundfos Holding A/S
• Flowserve Corporation
• Sulzer Ltd
• Xylem Inc.
• KSB SE & Co. KGaA
• Ebara Corporation
• ITT Corporation
• Kirloskar Brothers Limited
• The Weir Group PLC
• Dover Corporation

By Type	By Impeller Type	By Operation Type	By Stage	By End User	By Region
Overhung Impeller Vertically Suspended Between Bearing	Open Partially Open Enclosed	Electric Hydraulic Air Driven	Single-Stage Multi-Stage	Commercial Residential Industrial (Water and Wastewater, Chemicals, Oil & Gas, Power, Others)	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Centrifugal Pump Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Centrifugal Pump Market, By Type:

• Overhung Impeller
• Vertically Suspended
• Between Bearing

• Centrifugal Pump Market, By Impeller Type:

• Open
• Partially Open
• Enclosed

• Centrifugal Pump Market, By Operation Type:

• Electric
• Hydraulic
• Air Driven

• Centrifugal Pump Market, By Stage:

• Single-Stage
• Multi-Stage

• Centrifugal Pump Market, By End User:

• Commercial
• Residential
• Industrial (Water and Wastewater, Chemicals, Oil & Gas, Power, Others)

• Centrifugal Pump Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE