Centrifugal Pump Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Centrifugal Pump Market report segments the industry into Stage (Single-Stage Pumps, Multi-Stage Pumps), End-User (Oil and Gas, Power Generation, Other End-Users), Impeller Type (Open, Partially Open, Enclosed), and Geography (North America, Europe, Asia-Pacific, South America, Middle-East and Africa). Includes five years of historical data and five-year market forecasts.

Centrifugal Pumps Market Size

Centrifugal Pumps Market Analysis

The Centrifugal Pumps Market is expected to register a CAGR of greater than 5.4% during the forecast period.

COVID-19 caused problems in the supply chain, which hurt the market for centrifugal pumps.However, the market rebounded in 2022.

  • Demand for centrifugal pumps is likely to be driven by things like increased exploration and production in offshore deep-water oil and gas fields in places like North America and Africa.
  • However, volatile crude oil and gas prices are likely to affect the centrifugal pump market due to cost-cutting and delayed projects by the E&P companies.
  • During the forecast period, new technologies that make deep-water and ultra-deep-water explorations possible are expected to increase oil production and create opportunities for market growth.
  • During the forecast period, Asia-Pacific is expected to be the biggest and fastest-growing region. This is because of the huge economic growth that has led to the growth of industrial infrastructure in the region.

Centrifugal Pumps Industry Overview

The centrifugal pump market is fragmented. Some key players in this market (not in particular order) are Flowserve Corporation, Schlumberger Ltd, Baker Hughes Company, KSB SE & Co. KGaA, and Weir Group PLC, among others.

Centrifugal Pumps Market Leaders

  1. KSB SE & Co. KGaA

  2. Weir Group PLC

  3. Flowserve Corporation

  4. Schlumberger Ltd

  5. Baker Hughes Company

  6. *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competitors?
Download PDF

Centrifugal Pumps Market News

  • April 2022: GSD held an internal product launch of the ISH/ISP high-efficiency centrifugal pump. ISH/ISP high-efficiency centrifugal pump can be equipped with sensors at the reserved position in the design to realize the real-time monitoring, predictive alarm, fault analysis, energy efficiency analysis and operation state optimization of the equipment by matching with the GSD intelligent IOT system.
  • March 2023: KSB acquired Bharat Pumps, a major manufacturer of centrifugal pumps, among other products. KSB SupremeServ, a dedicated segment of KSB for aftermarket services, will handle this newly acquired venture to undertake spare parts business and service over 5,000 BP&CL products installed in various industries and locations across India.

Centrifugal Pumps Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD billion, till 2028
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Drivers
    • 4.5.2 Restraints
  • 4.6 Supply Chain Analysis
  • 4.7 Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Stage
    • 5.1.1 Single-stage Pumps
    • 5.1.2 Multi-stage Pumps
  • 5.2 End-User
    • 5.2.1 Oil and Gas
    • 5.2.2 Power Generation
    • 5.2.3 Other End-Users
  • 5.3 Impeller Type
    • 5.3.1 Open
    • 5.3.2 Partially Open
    • 5.3.3 Enclosed
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.2 Europe
    • 5.4.3 Asia-Pacific
    • 5.4.4 South America
    • 5.4.5 Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Baker Hughes Company
    • 6.3.2 Dover Corporation
    • 6.3.3 Ebara Corporation
    • 6.3.4 Flowserve Corporation
    • 6.3.5 ITT Inc.
    • 6.3.6 KSB SE & Co. KGaA
    • 6.3.7 Ruhrpumpen Group
    • 6.3.8 Schlumberger Ltd.
    • 6.3.9 Sulzer Ltd
    • 6.3.10 Weir Group PLC
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Centrifugal Pumps Industry Segmentation

Centrifugal pumps are used to transport fluids by converting rotational kinetic energy into the hydrodynamic energy of the fluid flow. The rotational energy typically comes from an engine or electric motor. The centrifugal pumps market is segmented by stage, end-user, impeller type, and geography. By stage, the market is segmented into single-stage pumps and multi-stage pumps. By end user, the market is segmented into oil & gas, power generation, and other end users. By impeller type, the market is segmented into open, partially open, and enclosed. The report also covers the market size and forecasts for the centrifugal pump market across the regions. For each segment, market sizing and forecasts have been done based on revenue (USD billion).

Stage Single-stage Pumps
Multi-stage Pumps
End-User Oil and Gas
Power Generation
Other End-Users
Impeller Type Open
Partially Open
Enclosed
Geography North America
Europe
Asia-Pacific
South America
Middle-East and Africa
Stage
Single-stage Pumps
Multi-stage Pumps
End-User
Oil and Gas
Power Generation
Other End-Users
Impeller Type
Open
Partially Open
Enclosed
Geography
North America
Europe
Asia-Pacific
South America
Middle-East and Africa
Need A Different Region or Segment?
Customize Now

Centrifugal Pumps Market Research FAQs

What is the current Centrifugal Pumps Market size?

The Centrifugal Pumps Market is projected to register a CAGR of greater than 5.4% during the forecast period (2025-2030)

Who are the key players in Centrifugal Pumps Market?

KSB SE & Co. KGaA, Weir Group PLC, Flowserve Corporation, Schlumberger Ltd and Baker Hughes Company are the major companies operating in the Centrifugal Pumps Market.

Which is the fastest growing region in Centrifugal Pumps Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Centrifugal Pumps Market?

In 2025, the Asia-Pacific accounts for the largest market share in Centrifugal Pumps Market.

What years does this Centrifugal Pumps Market cover?

The report covers the Centrifugal Pumps Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Centrifugal Pumps Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Centrifugal Pumps Industry Report

Statistics for the 2025 Centrifugal Pumps market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Centrifugal Pumps analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Centrifugal Pumps Market Report Snapshots

Access Report