Centrifugal Pump Market is Anticipated to Witness High Growth Owing to Rising Demand for Wastewater Treatment

The centrifugal pump market has been gaining significant traction in various end-use industries such as oil & gas, water supply, wastewater treatment among others. Centrifugal pumps are mechanical devices that transfer liquids by means of centrifugal force. They are majorly used to move or lift fluids to higher elevations or pressures. Various industries have been increasingly adopting centrifugal pumps to effectively transport liquids from one location to another. The growth in wastewater treatment facilities has provided a major boost to the demand for centrifugal pumps. Wastewater generated from municipal and industrial sources need to be properly treated before being discharged into water bodies. Centrifugal pumps play a critical role in transporting wastewater across various treatment stages.

The centrifugal pump market is estimated to be valued at USD 41.38 billion in 2025 and is expected to reach USD 61.45 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.8% from 2025 to 2032.

Key Takeaways

Key players operating in the Centrifugal Pump Market are CP Pumpen AG, DESMI A/S, Ebara Corporation, Flowserve Corporation, Grundfos, HERMETIC-Pumpen GmbH, HOMA Pumpenfabrik GmbH, Kirloskar Brothers Ltd., Klaus Union GmbH & Co. KG, KSB Group, Ruhrpumpen Group, Shakti Pump, Speck Pumpen Walter Speck GmbH & Co. KG, Sulzer AG, Toyo Denki Industrial Co. Ltd., Tsurumi Manufacturing Co., Ltd., Wier Group, WILO SE, WPIL Limited, and Xylem Inc.

The Centrifugal Pump Market Demand is increasing due to rising industrialization and urbanization in developing regions. Manufacturers are investing heavily in emerging economies to capitalize on new projects in wastewater treatment, oil & gas, and the construction industry.

Key players are focusing on strategic collaborations and partnerships with end-users to strengthen their foothold in new geographies. Manufacturers are also expanding their product portfolio through acquisitions and mergers to provide specialized and customized solutions. Global giants are expanding to Asia Pacific and Latin America region through joint ventures and acquisitions to gain a competitive edge in the market.

Market Drivers And Restraint

The growing demand for wastewater treatment from municipal and industrial sectors is a major market driver. Rapid urbanization and stricter environmental regulations have necessitated investments in water treatment infrastructure which is fueling the sales of centrifugal pumps. Various industries such as oil & gas, chemical, power generation require centrifugal pumps to transfer fluids across their production and distribution facilities. The expansion of such process industries will provide a boost to centrifugal pump sales over the forecast period.

On the other hand, high maintenance and operational costs associated with centrifugal pumps restrict their adoption in cost-sensitive applications. Furthermore, volatility in raw material prices impact the production costs of manufacturers. Market players also face stiff competition which curtails their pricing flexibility in the market.

Segment Analysis

The centrifugal pump market can be segmented based on stage, end use, and submersibility. The submersible segment dominates the market as these pumps do not require suction lift and priming. They can operate fully submerged in liquid and are commonly used for dewatering application.

Global Analysis

North America dominates the centrifugal pump market holding around 30% share as of 2024. This is attributed to increase in oil & gas production and rising investments in water & wastewater treatment plants. Asia Pacific is projected to be the fastest growing region during the forecast period due to growth of industries such as chemicals, construction, mining, and rapid urbanization in countries like China and India. Countries like China, the US, Germany, and India contribute significantly to the global demand.

Regional Analysis

The Asia Pacific region is expected to offer lucrative opportunities for centrifugal pump market players. This is accredited to strong economic growth along with rapid industrial expansion, especially in China, India, and Southeast Asian countries. Moreover, rising investment toward improvement of water infrastructure along with ongoing construction projects in the region will augment the product demand. China dominated the regional market and accounted for over 30% revenue share in 2021 owing to presence of robust manufacturing sector and expansion of end-use industries.

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