Centrifugal Pump by Type (Axial Flow Pumps, Mixed or Radial Flow Pumps, Peripheral Pumps, Jet Pumps, World Centrifugal Pump Production ), by Application (Domestic Water And Wastewater, Petroleum Industrial, Chemical Industrial, Food And Beverage, Mining Industrial, Others, World Centrifugal Pump Production ), by North America (United States, Canada, Mexico), by South America (Brazil, Argentina, Rest of South America), by Europe (United Kingdom, Germany, France, Italy, Spain, Russia, Benelux, Nordics, Rest of Europe), by Middle East & Africa (Turkey, Israel, GCC, North Africa, South Africa, Rest of Middle East & Africa), by Asia Pacific (China, India, Japan, South Korea, ASEAN, Oceania, Rest of Asia Pacific) Forecast 2025-2033
The global centrifugal pump market size was valued at USD 39,720 million in 2025 and is projected to grow from USD 44,080 million in 2026 to USD 64,950 million by 2033, exhibiting a CAGR of 5.3% during the forecast period. The increasing demand for centrifugal pumps in various industries such as petroleum, chemical, and food and beverage is anticipated to drive market growth. Furthermore, the growing need for energy-efficient solutions and the increasing adoption of automation in industrial processes are expected to boost the demand for centrifugal pumps.
Among the different regions, Asia Pacific is projected to hold the largest market share during the forecast period. The region is home to several emerging economies with rapidly growing industries, which is expected to drive the demand for centrifugal pumps. Additionally, the increasing government focus on infrastructure development and the rising awareness of environmental sustainability are likely to contribute to the growth of the centrifugal pump market in Asia Pacific.
The global centrifugal pump market is poised to witness significant growth over the next decade, driven by rising demand from various end-use industries and increasing urbanization. The market is expected to reach a valuation of USD 34.6 billion by 2028, expanding at a CAGR of 5.2% during the forecast period. Key market insights include:
Several factors are propelling the growth of the centrifugal pump market:
The centrifugal pump market faces certain challenges and restraints:
Key Regions:
Key Segments:
Several factors are expected to drive the growth of the centrifugal pump industry in the coming years:
The centrifugal pump sector has seen several significant developments in recent years:
This comprehensive report on the centrifugal pump market provides a detailed analysis of current market trends, driving forces, challenges, and key segments. It includes profiles of leading manufacturers, significant developments in the sector, and insights into future growth prospects. The report offers valuable information for manufacturers, distributors, end-users, and investors in the centrifugal pump industry.
Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of XX% from 2019-2033 |
Segmentation |
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Aspects | Details |
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Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of XX% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
Primary Research
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