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Centrifugal Pumps Market

Market Insights on Centrifugal Pumps covering sales outlook, demand forecast & up-to-date key trends

Centrifugal Pumps Market By Product Type (Single Stage Pump, Small, Medium, High, Multi Stage Pump), Application (Industrial Centrifugal Pumps, Oil & Gas, Chemical) & Region - Forecast 2021-2031

Centrifugal Pumps Market Snapshot

[294 Pages Report] The Centrifugal Pumps Market is expected to register positive growth through 2021, with the overall valuation forecast to surpass US$ 29 Bn in 2021. Future Market Insights (FMI) projects centrifugal pumps market sales to increase at 4.6% CAGR between 2021 and 2031.

While industrial applications are expected to register maximum demand, growth exhibited by the agricultural segment will be at a higher pace. FMI has forecast the centrifugal pumps demand to rise at 4.7% between 2021 and 2031 in the agricultural segment.

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Key Points Covered in Centrifugal Pumps Market Study

  • Market estimates and forecast 2016-2031
  • Key drivers and restraints impacting market growth
  • Segment-wise, Country-wise, and Region-wise Analysis
  • Competition Mapping and Benchmarking
  • Brand share and Market Share Analysis
  • Key Product Innovations and Regulatory Climate
  • COVID-19 Impact on XYZ and How to Navigate
  • Recommendation on Key Winning Strategies

2016-2020 Centrifugal Pumps Market Outlook Compared to 2021-2031 Forecast

Demand for centrifugal pumps in the industrial segment increased 4.2% between 2020 and 2021, giving the combined centrifugal pumps markets a year-over-year growth of 4.1% in 2021, according to the Future Market Insights report.

Increasing requirement in the oil and gas and chemical industries will drive the centrifugal pumps market to rise at 4.6% CAGR between 2021 and 2031 in comparison to the 2.3% CAGR registered during 2016-2020.

Centrifugal pumps are used to transfer fluids in inter-and-intra facilities. Over the years the market gained from various advancements in material used for manufacturing these pumps. Companies introduced variants that can withstand high pressure, thanks to research and development in the material sciences sector.

The food and beverage industry requires food grade pumps. Consequently, companies introduced advanced pumps that will adhere to regulations provided by the bureau of food standards.

The chemical Industry on the other hand uses centrifugal pumps to transfer and store fluids, which are prone to reactions. Industrial processes involved in chemical manufacturing are complex and intricate.

Given a myriad of transferring operations, it's imperative to source the most versatile, reliable, and efficient pumping technology. Centrifugal pumps can move higher viscosity fluids with ease, from medium to high viscosity fluids, liquefied gases, and water-like fluids. The technology has proven effective in the chemical plant environment, with installation costs resulting in lower total costs over the lifespan of the pump.

The industry is also making a shift towards incorporating Internet of Things, which will enable the pump operators to monitor velocity, flow rate, and more from remote locations. Smart assistant tools are being developed for insights into possible fault conditions, reporting, runtime, and detailed operational data visualization.

The technology will be able to provide real-time control of all pump parameters, including speed, flow rate, and dispensing volume. Push notifications will provide alerts for operating conditions and error messages.

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Will Technological Advancements Hold Key to Centrifugal Pumps Market Sales in Future?

The domestic segment of the centrifugal pumps market has considerably expanded in the recent past owing to the implementation of modern technology in manufacturing and monitoring operations.

Electronics and computers have infiltrated every aspect of our lives, and variable speed drives (VSDs), SCADA systems, and condition monitoring equipment have inevitably entered the pumps industry.

In-line pumping units with integral VSDs now dominate the domestic market. Pump selection software has sped up the process of selections while also expanding marketing opportunities. CAD and CFD have reached new heights for communications.

Energy costs usually outweigh other operational costs. System improvements frequently result in significant cost savings. However, enacting appropriate legislation is nearly impossible.

Despite the fact that pump efficiency improvements yield relatively small returns for large investments, South Korea and China have set up legislation to improve efficiency. The European Commission has set a goal to improve the efficiency of water pumps as part of its Energy Using Products Directive including methods for identifying and eliminating poor performers.

Centrifugal pumps are most suitable for low viscosity fluids, since the pumping action generates high liquid shear. As viscosity increases, pump performance diminishes due to friction loss. Most pumps are self-primed, which adds up to its benefits.

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What is the Impact of the COVID-19 Crisis on the Centrifugal Pumps Market?

Owing to the ongoing COVID-19 crisis, production and supply chain activities witnessed a slump in 2020. However, consumption will improve with economic recovery in the post-pandemic period. The COVID-19 outbreak had a positive impact on demand for centrifugal pumps Market owing to WHO requirements to minimize virus transmission through sewage water.

These guidelines encourage the use of biological wastewater treatment systems, generating demand from the water and wastewater industry in the near future.

As supply and distribution networks recover, company operations have started to expand steadily. In light of this, the pandemic is unlikely to have a long-term effect on the demand for centrifugal pumps Market.

Country-wise Insights

Is India a Lucrative Markets for Centrifugal Pumps?

India is predicted to remain one of the most attractive markets during the forecast period. According to the study, India is expected to account for over 30% of the South Asia and Pacific market through 2031.

There are many small to medium enterprises in the country which manufacture pumps for varied applications. Industries such as chemical, water, and wastewater in India create significant demand for these pumps.

The water and wastewater segment of the market has seen strong demand in the historical period driven by the Swatch Bharat Abhiyan initiated by the Hon’ Prime Minister Mr. Narendra Modi in 2014.

Thereafter sales rose in various parts of the nation. The country is amongst the largest manufacturing regions of the continent after China. India is responsible of exporting much of its goods to nations like Oman, Kuwait, Bhutan, Thailand, U.S., and Netherlands.

What’s the Outlook in Canada for Centrifugal Pumps Market?

Demand in the Canada Centrifugal Pumps is expected to rise at nearly 4% CAGR over the forecast period. The Canadian market is backed by well-developed oil and gas and food and beverage industries with notable investments by the government.

The country is also one of the biggest importers of centrifugal pumps owing to the large-scale oil and gas operations in the country. Canada's petroleum industry is a significant contributor to the North American economy. Canada has the world's third-largest oil reserves and is also the world's fourth-largest oil producer and exporter.

There are numerous oil rigs and crude oil sources in the country which account for the demand. The chemical industry is another field of application which generates high figures of income in the centrifugal pumps market of Canada.

What’s Driving Centrifugal Pumps Market Sales in Germany?

Germany accounts for nearly 18% of the market share in Europe 2021. The country is responsible mainly for centrifugal pump applications in the pharmaceutical, chemical, and food processing sector.

Manufacturers in Germany have grown and emerged as world leaders. The transition from a local to a global marketplace has probably been the most significant change in this industry.

GCC Countries Offer Lucrative Sales Prospects for Centrifugal Pumps Market

In 2021, GCC countries will account for over 44% sales in Middle East and Africa. Major imports for centrifugal pumps were observed in the year prior to the pandemic in UAE, Iraq, Kuwait, Oman, Bahrain, and Qatar. The region has numerous oil reserves and refineries which accounts for the requirement of the centrifugal pumps.Market

The region has also seen steady growth in investment and implementation of new projects to boost upstream production and downstream processing. According to the U.S. Energy Information Administration (EIA), the Middle East held about 49% of estimated oil reserves and 40% of known gas reserves worldwide. Saudi Arabia has the largest oil reserves of any country (16.2 percent). Iran, on the other hand, has the most gas deposits (17.3 percent).

What’s the Outlook of the China Centrifugal Pumps Market?

China in the East Asia region is the largest manufacturer and exporter of centrifugal pumps Market. The country is anticipated to show a CAGR over 6% during the upcoming decade. Here, pump manufacturers have increased their interaction with end users and process consultants, informing them of the recent technological developments and global best practices.

The presence of a large number of players offering low-priced centrifugal pumps acts as a restraint to most regional and global players offering centrifugal pump offerings. Increasing price pressure from these players is influencing key suppliers to offer high-quality, reliable, efficient and technologically-advanced centrifugal pumps at competitive prices.

China being the manufacturing hub of the continent accounts for highest sales figure in the region. There are numerous end use industries in China including oil and gas, food and beverage, pharmaceutical, and power to name a few.

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Category-wise Insights

Which Application Drives the Demand for Centrifugal Pumps?

Based on applications, industrial sector accounts for nearly 60% of the market in 2021. The simplicity of design, ease of repair, maintenance, and operations drives demand. The water and waste water industrial segment are projected to hold greatest market share throughout the forecast period.

Waste water management is more important than ever before, thanks to drastic global climate change and widespread droughts. In commercial and residential complexes, as well as industrial zones, wastewater treatment has become critical.

Wastewater treatment plants are required in industries such as chemical, food processing, manufacturing, and pharmaceuticals, to comply with government regulations and rules.

Which Product Type Will Hold Prominent Market Share?

Considering demand-side trends, large market players are increasingly opting for multi stage centrifugal pumps. Most low pressure, high-capacity pumping applications involving low viscosity fluids such as water, solvents, chemicals, and light oils which can be pumped with centrifugal pump designs.

Multistage centrifugal pumps are available in a variety of sizes, depending on budget, application, and volume. A smaller pump would be sufficient for heating plants, water supply piping, firefighting operations, irrigation, agriculture, autoclaves, boiler feed, hydrocarbons, and the handling of lightly contaminated liquids.

This pump is frequently used in power plant applications, such as a boiler feed pumps and in industrial applications requiring high pressures. Water supply and circulation, irrigation, and chemical transfer in petrochemical plants are examples of typical applications. The market for multi stage pump will account for more than 55% in 2031.

Competitive Landscape

Companies operating in centrifugal pumps market are aiming at launching new products and entering into strategic partnerships with other manufacturers to expand their product portfolios to address the demand of global end users.

  • In, November 2020, WILO USA’s new headquarters were inaugurated in Cedarburg, Wisconsin.
  • In April 2021, Xylem Inc., forged a partnership with Esri, the global leader in location intelligence. The two companies serve utilities around the world. Working together, the two companies will pursue joint technical road mapping, solution development, joint marketing and collaborative selling.
  • In June 2021, Kirloskar Brothers Limited announced the launch of a new manufacturing division -Advanced Technology Product Division for nuclear end use applications including specialized pumps.

Scope of Report

Attribute

Details

Forecast Period

2021-2031

Historical Data Available for

2016-2020

Market Analysis

USD Million for Value

Key Countries Covered

US, Canada, Germany, U.K., France, Italy, Spain, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, and South Africa

Key Segments Covered

Product type, Application and Region

Key Companies Profiled

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

Report Coverage

Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives

Customization & Pricing

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Centrifugal Pumps Market by Category

By Product Type:

  • Single Stage Pump
    • Small
    • Medium
    • High
  • Multi Stage Pump
    • Small
    • Medium
    • High
  • Axial & Mixed Flow Pump
    • Small
    • Medium
    • High
  • Submersible Pump
    • Small
    • Medium
    • High
  • Seal Less & Circular Pump
    • Small
    • Medium
    • High

By Application Type:

  • Industrial Centrifugal Pumps
    • Oil & Gas
    • Chemical
    • Water & Wastewater
    • Food & Beverage
    • Pharmaceutical
    • Power
    • Others
  • Agricultural Centrifugal Pumps
  • Domestic Centrifugal Pumps

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

Frequently Asked Questions

The global centrifugal pumps market has been valued at US$ 30.3 Bn in 2021.

The sales forecast is expected to remain positive, as the demand for centrifugal pumps is expected to rise at a steady rate of over 4% CAGR through 2031.

The CAGR for the historical period (2016-2020) has been estimated at 2.6%.

The top 5 players including Flowserve Corporation, KSB AG, Sulzer AG, Ebara Corporation, and Grundfos Holding A/S is said to constitute 16% of the overall market.

The top 5 countries driving demand for centrifugal pumps include China, South Korea, Russia, South Africa, and India.

North America market growth is expected display an upward trajectory accounting for 15.4% in 2021, with Canada projected as high growth market.  Water and wastewater treatment applications will emerge as key contributors.

Europe is estimated to grow at an average annual rate of 3.7% in the forecast period.

Germany, Japan, China, India, and the U.S. are the leading producers for centrifugal pumps.

Increasing exploration activities for new sources of water and dosing applications in commercial as well as industrial processes are expected to be key demand drivers for centrifugal pumps.

Leading manufacturers are pursuing online sales for mass-based configurations of centrifugal pumps. Value added engineering and service provisions for high end configurations by OEMs are trends that find traction in the industry.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Supply Side Trends

    1.4. Analysis and Recommendations

    1.5. Technology Roadmap

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Key Market Trends

    3.1. Key Trends Impacting the Market

    3.2. Product Innovation / Development Trends

4. Key Success Factors

    4.1. Product Adoption / Usage Analysis

    4.2. Product USPs / Features

    4.3. Strategic Promotional Strategies

5. Global Centrifugal Pump Market Demand Analysis 2016-2020 and Forecast, 2021-2031

    5.1. Historical Market Volume (Units) Analysis, 2016-2020

    5.2. Current and Future Market Volume (Units) Projections, 2021-2031

    5.3. Y-o-Y Growth Trend Analysis

6. Global Centrifugal Pump Market - Pricing Analysis

    6.1. Regional Pricing Analysis By Product Type

    6.2. Pricing Break-up

        6.2.1. Manufacturer Level Pricing

        6.2.2. Distributor Level Pricing

    6.3. Global Average Pricing Analysis Benchmark

7. Global Centrifugal Pump Market Demand (in Value or Size in US$ Mn) Analysis 2016-2020 and Forecast, 2021-2031

    7.1. Historical Market Value (US$ Mn) Analysis, 2016-2020

    7.2. Current and Future Market Value (US$ Mn) Projections, 2021-2031

        7.2.1. Y-o-Y Growth Trend Analysis

        7.2.2. Absolute $ Opportunity Analysis

8. Market Background

    8.1. Macro-Economic Factors

        8.1.1. Global Economic Outlook 

        8.1.2. Global GDP Outlook 

        8.1.3. Global Oil Production & Consumption

        8.1.4. Global Waste Generation Outlook

    8.2. Forecast Factors - Relevance & Impact

        8.2.1. GDP Growth

        8.2.2. Chemical Industry Outlook

        8.2.3. Urban Population Growth

        8.2.4. Growth in Production Capabilities

        8.2.5. R&D Spending

        8.2.6. Collaboration Activities

        8.2.7. New Product Development 

        8.2.8. Industrial Growth

    8.3. Value Chain

    8.4. Impact of COVID – 19 Crisis

    8.5. Market Dynamics

        8.5.1. Drivers

        8.5.2. Restraints

        8.5.3. Opportunity Analysis

9. Global Centrifugal Pump Market Analysis 2016–2020 and Forecast 2021–2031, by Product Type

    9.1. Introduction / Key Findings

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By Product Type, 2016–2020

    9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product Type, 2021–2031

        9.3.1. Single Stage Pump

            9.3.1.1. Small 

            9.3.1.2. Medium

            9.3.1.3. High

        9.3.2. Multi Stage Pump

            9.3.2.1. Small 

            9.3.2.2. Medium

            9.3.2.3. High

        9.3.3. Axial & Mixed Flow Pump

            9.3.3.1. Small 

            9.3.3.2. Medium

            9.3.3.3. High

        9.3.4. Submersible Pump

            9.3.4.1. Small 

            9.3.4.2. Medium

            9.3.4.3. High

        9.3.5. Seal Less & Circular Pump

            9.3.5.1. Small 

            9.3.5.2. Medium

            9.3.5.3. High

    9.4. Market Attractiveness Analysis By Product Type

10. Global Centrifugal Pump Market Analysis 2016–2020 and Forecast 2021–2031, By Application

    10.1. Introduction / Key Findings

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2016–2020

    10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2021–2031

        10.3.1. Industrial

            10.3.1.1. Chemical

            10.3.1.2. Water & Wastewater

            10.3.1.3. Power

            10.3.1.4. Oil & Gas

            10.3.1.5. Pharmaceutical

            10.3.1.6. Food & Beverage

            10.3.1.7. Others

        10.3.2. Agricultural

        10.3.3. Domestic Chemicals

    10.4. Market Attractiveness Analysis By Application 

11. Global Centrifugal Pump Market Analysis 2016–2020 and Forecast 2021–2031, by Region

    11.1. Introduction

    11.2. Historical Market Size (US$ Mn) and Volume Analysis By Region, 2016–2020

    11.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2021–2031

        11.3.1. North America

        11.3.2. Latin America

        11.3.3. Europe

        11.3.4. South Asia and Pacific

        11.3.5. East Asia

        11.3.6. Middle East & Africa

    11.4. Market Attractiveness Analysis By Region

12. North America Centrifugal Pump Market Analysis 2016–2020 and Forecast 2021–2031

    12.1. Introduction

    12.2. Pricing Analysis

    12.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016–2020

    12.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021–2031

        12.4.1. By Country

            12.4.1.1. U.S.

            12.4.1.2. Canada

        12.4.2. By Product Type

        12.4.3. By Application

    12.5. Market Attractiveness Analysis

        12.5.1. By Country

        12.5.2. By Product Type

        12.5.3. By Application

    12.6. Drivers and Restraints - Impact Analysis

13. Latin America Centrifugal Pump Market Analysis 2016–2020 and Forecast 2021–2031

    13.1. Introduction

    13.2. Pricing Analysis

    13.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016–2020

    13.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021–2031

        13.4.1. By Country

            13.4.1.1. Brazil

            13.4.1.2. Mexico

            13.4.1.3. Rest of Latin America

        13.4.2. By Product Type

        13.4.3. By Application

    13.5. Market Attractiveness Analysis

        13.5.1. By Country

        13.5.2. By Product Type

        13.5.3. By Application

    13.6. Drivers and Restraints - Impact Analysis

14. Europe Centrifugal Pump Market Analysis 2016–2020 and Forecast 2021–2031

    14.1. Introduction

    14.2. Pricing Analysis

    14.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016–2020

    14.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021–2031

        14.4.1. By Country

            14.4.1.1. Germany

            14.4.1.2. Italy

            14.4.1.3. France

            14.4.1.4. U.K.

            14.4.1.5. Spain

            14.4.1.6. BENELUX

            14.4.1.7. Russia

            14.4.1.8. Rest of Europe

        14.4.2. By Product Type

        14.4.3. By Application

    14.5. Market Attractiveness Analysis

        14.5.1. By Country

        14.5.2. By Product Type

        14.5.3. By Application

    14.6. Drivers and Restraints - Impact Analysis

15. South Asia and Pacific Centrifugal Pump Market Analysis 2016–2020 and Forecast 2021–2031

    15.1. Introduction

    15.2. Pricing Analysis

    15.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016–2020

    15.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021–2031

        15.4.1. By Country

            15.4.1.1. India

            15.4.1.2. ASEAN

            15.4.1.3. Australia and New Zealand

            15.4.1.4. Rest of South Asia and Pacific

        15.4.2. By Product Type

        15.4.3. By Application

    15.5. Market Attractiveness Analysis

        15.5.1. By Country

        15.5.2. By Product Type

        15.5.3. By Application

    15.6. Drivers and Restraints - Impact Analysis

16. East Asia Centrifugal Pump Market Analysis 2016–2020 and Forecast 2021–2031

    16.1. Introduction

    16.2. Pricing Analysis

    16.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016–2020

    16.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021–2031

        16.4.1. By Country

            16.4.1.1. China

            16.4.1.2. Japan

            16.4.1.3. South Korea

        16.4.2. By Product Type

        16.4.3. By Application

    16.5. Market Attractiveness Analysis

        16.5.1. By Country

        16.5.2. By Product Type

        16.5.3. By Application

    16.6. Drivers and Restraints - Impact Analysis

17. Middle East and Africa Centrifugal Pump Market Analysis 2016–2020 and Forecast 2021–2031

    17.1. Introduction

    17.2. Pricing Analysis

    17.3. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2016–2020

    17.4. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2021–2031

        17.4.1. By Country

            17.4.1.1. GCC Countries

            17.4.1.2. Turkey

            17.4.1.3. Northern Africa

            17.4.1.4. South Africa

            17.4.1.5. Rest of Middle East and Africa

        17.4.2. By Product Type

        17.4.3. By Application

    17.5. Market Attractiveness Analysis

        17.5.1. By Country

        17.5.2. By Product Type

        17.5.3. By Application

    17.6. Drivers and Restraints - Impact Analysis

18. Key and Emerging Countries for Centrifugal Pump Market Analysis 

    18.1. Introduction

        18.1.1. Market Value Proportion Analysis, By Key Countries

        18.1.2. Global Vs. Country Growth Comparison

    18.2. U.S. Centrifugal Pump Market Analysis

        18.2.1. By Product Type

        18.2.2. By Application

    18.3. Canada Centrifugal Pump Market Analysis

        18.3.1. By Product Type

        18.3.2. By Application

    18.4. Mexico Centrifugal Pump Market Analysis

        18.4.1. By Product Type

        18.4.2. By Application

    18.5. Brazil Centrifugal Pump Market Analysis

        18.5.1. By Product Type

        18.5.2. By Application

    18.6. Germany Centrifugal Pump Market Analysis

        18.6.1. By Product Type

        18.6.2. By Application

    18.7. Italy Centrifugal Pump Market Analysis

        18.7.1. By Product Type

        18.7.2. By Application

    18.8. France Centrifugal Pump Market Analysis

        18.8.1. By Product Type

        18.8.2. By Application

    18.9. U.K. Centrifugal Pump Market Analysis

        18.9.1. By Product Type

        18.9.2. By Application

    18.10. Spain Centrifugal Pump Market Analysis

        18.10.1. By Product Type

        18.10.2. By Application

    18.11. BENELUX Centrifugal Pump Market Analysis

        18.11.1. By Product Type

        18.11.2. By Application

    18.12. Russia Centrifugal Pump Market Analysis

        18.12.1. By Product Type

        18.12.2. By Application

    18.13. China Centrifugal Pump Market Analysis

        18.13.1. By Product Type

        18.13.2. By Application

    18.14. Japan Centrifugal Pump Market Analysis

        18.14.1. By Product Type

        18.14.2. By Application 

    18.15. South Korea Centrifugal Pump Market Analysis

        18.15.1. By Product Type

        18.15.2. By Application 

    18.16. India Centrifugal Pump Market Analysis

        18.16.1. By Product Type

        18.16.2. By Application 

    18.17. ASEAN Centrifugal Pump Market Analysis

        18.17.1. By Product Type

        18.17.2. By Application 

    18.18. Australia and New Zealand Centrifugal Pump Market Analysis

        18.18.1. By Product Type

        18.18.2. By Application 

    18.19. GCC Countries Centrifugal Pump Market Analysis

        18.19.1. By Product Type

        18.19.2. By Application 

    18.20. Turkey Centrifugal Pump Market Analysis

        18.20.1. By Product Type

        18.20.2. By Application 

    18.21. South Africa Centrifugal Pump Market Analysis

        18.21.1. By Product Type

        18.21.2. By Application 

    18.22. Northern Africa Centrifugal Pump Market Analysis

        18.22.1. By Product Type

        18.22.2. By Application 

19. Market Structure Analysis

    19.1. Market Analysis by Tier of Companies (Centrifugal Pump)

    19.2. Market Concentration

    19.3. Market Share Analysis of Top Players

    19.4. Market Presence Analysis

        19.4.1. By Regional footprint of Players

20. Competition Analysis

    20.1. Competition Dashboard

    20.2. Pricing Analysis by Competition

    20.3. Competition Benchmarking

    20.4. Competition Deep Dive

        20.4.1. Flowserve Corporation

            20.4.1.1. Overview

            20.4.1.2. Product Portfolio

            20.4.1.3. Production Footprint

            20.4.1.4. Sales Footprint

            20.4.1.5. Strategy Overview

                20.4.1.5.1. Marketing Strategy

                20.4.1.5.2. Product Strategy

        20.4.2. KSB SE & Co. KGaA 

            20.4.2.1. Overview

            20.4.2.2. Product Portfolio

            20.4.2.3. Production Footprint

            20.4.2.4. Sales Footprint

            20.4.2.5. Strategy Overview

                20.4.2.5.1. Marketing Strategy

                20.4.2.5.2. Product Strategy

        20.4.3. Sulzer AG 

            20.4.3.1. Overview

            20.4.3.2. Product Portfolio

            20.4.3.3. Production Footprint

            20.4.3.4. Sales Footprint

            20.4.3.5. Strategy Overview

                20.4.3.5.1. Marketing Strategy

                20.4.3.5.2. Product Strategy

        20.4.4. Ebara Corporation

            20.4.4.1. Overview

            20.4.4.2. Product Portfolio

            20.4.4.3. Production Footprint

            20.4.4.4. Sales Footprint

            20.4.4.5. Strategy Overview

                20.4.4.5.1. Marketing Strategy

                20.4.4.5.2. Product Strategy

        20.4.5. Xylem Inc.

            20.4.5.1. Overview

            20.4.5.2. Product Portfolio

            20.4.5.3. Production Footprint

            20.4.5.4. Sales Footprint

            20.4.5.5. Strategy Overview

                20.4.5.5.1. Marketing Strategy

                20.4.5.5.2. Product Strategy

        20.4.6.   ITT INC.

            20.4.6.1. Overview

            20.4.6.2. Product Portfolio

            20.4.6.3. Production Footprint

            20.4.6.4. Sales Footprint

            20.4.6.5. Strategy Overview

                20.4.6.5.1. Marketing Strategy

                20.4.6.5.2. Product Strategy

        20.4.7. The Weir Group PLC

            20.4.7.1. Overview

            20.4.7.2. Product Portfolio

            20.4.7.3. Production Footprint

            20.4.7.4. Sales Footprint

            20.4.7.5. Strategy Overview

                20.4.7.5.1. Marketing Strategy

                20.4.7.5.2. Product Strategy

        20.4.8. WILO SE

            20.4.8.1. Overview

            20.4.8.2. Product Portfolio

            20.4.8.3. Production Footprint

            20.4.8.4. Sales Footprint

            20.4.8.5. Strategy Overview

                20.4.8.5.1. Marketing Strategy

                20.4.8.5.2. Product Strategy

        20.4.9. Grundfos

            20.4.9.1. Overview

            20.4.9.2. Product Portfolio

            20.4.9.3. Production Footprint

            20.4.9.4. Sales Footprint

            20.4.9.5. Strategy Overview

                20.4.9.5.1. Marketing Strategy

                20.4.9.5.2. Product Strategy

        20.4.10. Tsurumi Manufacturing Co., Ltd.

            20.4.10.1. Overview

            20.4.10.2. Product Portfolio

            20.4.10.3. Production Footprint

            20.4.10.4. Sales Footprint

            20.4.10.5. Strategy Overview

                20.4.10.5.1. Marketing Strategy

                20.4.10.5.2. Product Strategy

        20.4.11.  Kirloskar Brothers Ltd.

            20.4.11.1. Overview

            20.4.11.2. Product Portfolio

            20.4.11.3. Production Footprint

            20.4.11.4. Sales Footprint

            20.4.11.5. Strategy Overview

                20.4.11.5.1. Marketing Strategy

                20.4.11.5.2. Product Strategy

        20.4.12.  DESMI A/S

            20.4.12.1. Overview

            20.4.12.2. Product Portfolio

            20.4.12.3. Production Footprint

            20.4.12.4. Sales Footprint

            20.4.12.5. Strategy Overview

                20.4.12.5.1. Marketing Strategy

                20.4.12.5.2. Product Strategy

        20.4.13.  WPIL Limited

            20.4.13.1. Overview

            20.4.13.2. Product Portfolio

            20.4.13.3. Production Footprint

            20.4.13.4. Sales Footprint

            20.4.13.5. Strategy Overview

                20.4.13.5.1. Marketing Strategy

                20.4.13.5.2. Product Strategy

        20.4.14. HERMETIC-Pumpen GmbH

            20.4.14.1. Overview

            20.4.14.2. Product Portfolio

            20.4.14.3. Production Footprint

            20.4.14.4. Sales Footprint

            20.4.14.5. Strategy Overview

                20.4.14.5.1. Marketing Strategy

                20.4.14.5.2. Product Strategy

        20.4.15. Shakti Pumps (India) Ltd.

            20.4.15.1. Overview

            20.4.15.2. Product Portfolio

            20.4.15.3. Production Footprint

            20.4.15.4. Sales Footprint

            20.4.15.5. Strategy Overview

                20.4.15.5.1. Marketing Strategy

                20.4.15.5.2. Product Strategy

        20.4.16. Klaus Union GmbH & Co. KG

            20.4.16.1. Overview

            20.4.16.2. Product Portfolio

            20.4.16.3. Production Footprint

            20.4.16.4. Sales Footprint

            20.4.16.5. Strategy Overview

                20.4.16.5.1. Marketing Strategy

                20.4.16.5.2. Product Strategy

        20.4.17.  Ruhrpumpen Group

            20.4.17.1. Overview

            20.4.17.2. Product Portfolio

            20.4.17.3. Production Footprint

            20.4.17.4. Sales Footprint

            20.4.17.5. Strategy Overview

                20.4.17.5.1. Marketing Strategy

                20.4.17.5.2. Product Strategy

        20.4.18. HOMA Pumpenfabrik GmbH

            20.4.18.1. Overview

            20.4.18.2. Product Portfolio

            20.4.18.3. Production Footprint

            20.4.18.4. Sales Footprint

            20.4.18.5. Strategy Overview

                20.4.18.5.1. Marketing Strategy

                20.4.18.5.2. Product Strategy

        20.4.19. CP Pumpen AG

            20.4.19.1. Overview

            20.4.19.2. Product Portfolio

            20.4.19.3. Production Footprint

            20.4.19.4. Sales Footprint

            20.4.19.5. Strategy Overview

                20.4.19.5.1. Marketing Strategy

                20.4.19.5.2. Product Strategy

        20.4.20. Toyo Denki Industrial Co. Ltd.

            20.4.20.1. Overview

            20.4.20.2. Product Portfolio

            20.4.20.3. Production Footprint

            20.4.20.4. Sales Footprint

            20.4.20.5. Strategy Overview

                20.4.20.5.1. Marketing Strategy

                20.4.20.5.2. Product Strategy

        20.4.21. Speck Pumpen Walter Speck GmbH & Co. KG

            20.4.21.1. Overview

            20.4.21.2. Product Portfolio

            20.4.21.3. Production Footprint

            20.4.21.4. Sales Footprint

            20.4.21.5. Strategy Overview

                20.4.21.5.1. Marketing Strategy

                20.4.21.5.2. Product Strategy 

21. Assumptions and Acronyms Used

22. Research Methodology

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List of Tables

Table 01: Global Market Volume (Th Units) Forecast by Product Type, 2016–2031

Table 02: Global Market Size (US$ Mn) Forecast by Product Type, 2016–2031

Table 03: Global Centrifugal Pumps Market Value (US$ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 04: Global Centrifugal Pumps Market Value (US$ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 05: Global Centrifugal Pump Market Value (US$ Mn) & Volume (000' Units) Historical Data 2015 – 2019 and Forecast 2020 – 2031 by Region 

Table 06: North America Centrifugal Pumps Market Value (US$ Mn) & Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country

Table 07: Global North America Centrifugal Pumps Market Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 By Product Type

Table 08: Global North America Centrifugal Pumps Market Value (US$ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 By Product Type

Table 09: North America Centrifugal Pumps Market Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 10: North America Centrifugal Pumps Market Value (US$ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 11: Latin America Centrifugal Pumps Market Value (US$ Mn) & Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country

Table 12: Latin America Centrifugal Pumps Market Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 By Product Type

Table 13: Latin America Centrifugal Pumps Market Value (US$ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 By Product Type

Table 14: Latin America Centrifugal Pumps Market Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 15: Latin America Centrifugal Pumps Market Value (US$ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 16: Europe Centrifugal Pumps Market Value (US$ Mn) & Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country

Table 17: Europe Centrifugal Pumps Market Value (US$ Mn) & Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country

Table 18: Europe Centrifugal Pumps Market Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 By Product Type

Table 19: Europe Centrifugal Pumps Market Value (US$ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 By Product Type

Table 20: Europe Centrifugal Pumps Market Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 21: Europe Centrifugal Pumps Market Value (US$ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 22: South Asia & Pacific Centrifugal Pumps Market Value (US$ Mn) & Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country

Table 23: South Asia & Pacific Centrifugal Pumps Market Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 By Product Type

Table 24: South Asia & Pacific Centrifugal Pumps Market Value (US$ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 By Product Type

Table 25: South Asia & Pacific Centrifugal Pumps Market Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 26: South Asia & Pacific Centrifugal Pumps Market Value (US$ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 27: East Asia Centrifugal Pumps Market Value (US$ Mn) & Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country

Table 28: East Asia Centrifugal Pumps Market Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 By Product Type

Table 29: East Asia Centrifugal Pumps Market Value (US$ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 By Product Type

Table 30: East Asia Centrifugal Pumps Market Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 31: East Asia Centrifugal Pumps Market Value (US$ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 32: Middle East & Africa Centrifugal Pumps Market Value (US$ Mn) & Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Country

Table 33: Middle East & Africa Centrifugal Pumps Market Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 By Product Type

Table 34: Middle East & Africa Centrifugal Pumps Market Value (US$ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 By Product Type

Table 35: Middle East & Africa Centrifugal Pumps Market Volume (000' Units) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

Table 36: Middle East & Africa Centrifugal Pumps Market Value (US$ Mn) Historical Data 2016 – 2020 and Forecast 2021 – 2031 by Application

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List of Charts

Figure 01: Global Centrifugal Pump Market Volume (000' Units) and Y-o-Y Growth Rate From 2021-2031

Figure 02: Global Centrifugal Pump Market Value (US$ Mn) and Y-o-Y Growth Rate From 2021-2031

Figure 03: Global Centrifugal Pump Market Absolute $ opportunity Analysis, 2021-2031

Figure 04: Global Centrifugal Pumps Market Share and BPS Analysis By Product Type 2021 & 2031 

Figure 05: Global Centrifugal Pumps Market Y-o-Y Growth Projection By Product Type 2020– 2031

Figure 06: Global Centrifugal Pumps Market Attractiveness Analysis by Reciprocating Pump, 2021 - 2031

Figure 07: Global Centrifugal Pumps Market Share and BPS Analysis by Single Stage Pump – 2021 & 2031

Figure 08: Global Centrifugal Pumps Market Y-o-Y Growth Projections by Single Stage Pump, 2020-2031

Figure 09: Global Centrifugal Pumps Market Attractiveness by Single Stage Pump, 2021-2031

Figure 10: Global Centrifugal Pumps Market Share and BPS Analysis by Multi Stage Pump – 2021 & 2031

Figure 11: Global Centrifugal Pumps Market Y-o-Y Growth Projections by Multi Stage Pump, 2020-2031

Figure 12: Global Centrifugal Pumps Market Attractiveness by Multi Stage Pump, 2021-2031

Figure 13: Global Centrifugal Pumps Market Share and BPS Analysis by Axial & Mixed Flow Pump – 2021 & 2031

Figure 14: Global Centrifugal Pumps Market Y-o-Y Growth Projections by Axial & Mixed Flow Pump, 2020-2031

Figure 15: Global Centrifugal Pumps Market Attractiveness by Axial & Mixed Flow Pump, 2021-2031

Figure 16: Global Centrifugal Pumps Market Share and BPS Analysis by Submersible Pump – 2021 & 2031

Figure 17: Global Centrifugal Pumps Market Y-o-Y Growth Projections by Submersible Pump, 2020-2031

Figure 18: Global Centrifugal Pumps Market Attractiveness by Submersible Pump, 2021-2031

Figure 19: Global Centrifugal Pumps Market Share and BPS Analysis by Seal Less and Circulator Pump – 2021 & 2031

Figure 20: Global Centrifugal Pumps Market Y-o-Y Growth Projections by Seal Less and Circulator Pump, 2020-2031

Figure 21: Global Centrifugal Pumps Market Attractiveness by Seal Less and Circulator Pump, 2021-2031

Figure 22: Global Centrifugal Pump Market Incremental $ Opportunity By Product Type, 2021-2031

Figure 23: Global Centrifugal Pumps Market Share and BPS Analysis by Application 2021 & 2031 

Figure 24: Global Centrifugal Pumps Market Y-o-Y Growth Projection by Application 2020– 2031

Figure 25: Global Centrifugal Pumps Market Attractiveness Analysis by Application, 2021 - 2031

Figure 26: Global Centrifugal Pumps Market Share and BPS Analysis by Industry  – 2021 & 2031

Figure 27: Global Centrifugal Pumps Market Y-o-Y Growth Projections by Industry, 2020-2031

Figure 28: Global Centrifugal Pumps Market Attractiveness by Industry, 2021-2031

Figure 29: Global Centrifugal Pump Market Incremental $ Opportunity by Application, 2021-2031

Figure 30: Global Centrifugal Pump Market Share and BPS Analysis by Region - 2021 & 2031

Figure 31: Global Centrifugal Pump Market Y-o-Y Growth by Region, 2020-2031

Figure 32: Global Centrifugal Pump Market Attractiveness Analysis by Region, 2021-2031

Figure 33: Global Centrifugal Pump Market Incremental $ Opportunity by Region, 2021-2031

Figure 34: North America Centrifugal Pumps Market Share and BPS Analysis by Country - 2021 & 2031

Figure 35: North America Centrifugal Pumps Market Y-o-Y Growth by Country, 2020-2031

Figure 36: North America Centrifugal Pumps Market Attractiveness Analysis by Country, 2021-2031

Figure 37: North America Market Incremental $ Opportunity by Country, 2021-2031

Figure 38: North America Centrifugal Pumps Market Share and BPS Analysis By Product Type- 2021 & 2031

Figure 39: North America Centrifugal Pumps Market Y-o-Y Growth By Product Type, 2020-2031

Figure 40: North America Centrifugal Pumps Market Attractiveness Analysis By Product Type, 2021-2031

Figure 41: North America Centrifugal Pumps Market Share and BPS Analysis by Application- 2021 & 2031

Figure 42: North America Centrifugal Pumps Market Y-o-Y Growth by Application, 2020-2031

Figure 43: North America Centrifugal Pumps Market Attractiveness Analysis by Application, 2021-2031

Figure 44: Latin America Centrifugal Pumps Market Share and BPS Analysis by Country - 2021 & 2031

Figure 45: Latin America Centrifugal Pumps Market Y-o-Y Growth by Country, 2020-2031

Figure 46: Latin America Centrifugal Pumps Market Attractiveness Analysis by Country, 2021-2031

Figure 47: Latin America Market Incremental $ Opportunity by Country, 2021-2031

Figure 48: Latin America Centrifugal Pumps Market Share and BPS Analysis By Product Type- 2021 & 2031

Figure 49: Latin America Centrifugal Pumps Market Y-o-Y Growth By Product Type, 2020-2031

Figure 50: Latin America Centrifugal Pumps Market Attractiveness Analysis By Product Type, 2021-2031

Figure 51: Latin America Centrifugal Pumps Market Share and BPS Analysis by Application- 2021 & 2031

Figure 52: Latin America Centrifugal Pumps Market Y-o-Y Growth by Application, 2020-2031

Figure 53: Latin America Centrifugal Pumps Market Attractiveness Analysis by Application, 2021-2031

Figure 54: Europe Centrifugal Pumps Market Share and BPS Analysis by Country - 2021 & 2031

Figure 55: Europe Centrifugal Pumps Market Y-o-Y Growth by Country, 2020-2031

Figure 56: Europe Centrifugal Pumps Market Attractiveness Analysis by Country, 2021-2031

Figure 57: Europe Market Incremental $ Opportunity by Country, 2021-2031

Figure 58: Europe Centrifugal Pumps Market Share and BPS Analysis By Product Type- 2021 & 2031

Figure 59: Europe Centrifugal Pumps Market Y-o-Y Growth By Product Type, 2020-2031

Figure 60: Europe Centrifugal Pumps Market Attractiveness Analysis By Product Type, 2021-2031

Figure 61: Europe Centrifugal Pumps Market Share and BPS Analysis by Application- 2021 & 2031

Figure 62: Europe Centrifugal Pumps Market Y-o-Y Growth by Application, 2020-2031

Figure 63: Europe Centrifugal Pumps Market Attractiveness Analysis by Application, 2021-2031

Figure 64: South Asia & Pacific Centrifugal Pumps Market Share and BPS Analysis by Country - 2021 & 2031

Figure 65: South Asia & Pacific Centrifugal Pumps Market Y-o-Y Growth by Country, 2020-2031

Figure 66: South Asia & Pacific Centrifugal Pumps Market Attractiveness Analysis by Country, 2021-2031

Figure 67: South Asia & Pacific Market Incremental $ Opportunity by Country, 2021-2031

Figure 68: South Asia & Pacific Centrifugal Pumps Market Share and BPS Analysis By Product Type- 2021 & 2031

Figure 69: South Asia & Pacific Centrifugal Pumps Market Y-o-Y Growth By Product Type, 2020-2031

Figure 70: South Asia & Pacific Centrifugal Pumps Market Attractiveness Analysis By Product Type, 2021-2031

Figure 71: South Asia & Pacific Centrifugal Pumps Market Share and BPS Analysis by Application- 2021 & 2031

Figure 72: South Asia & Pacific Centrifugal Pumps Market Y-o-Y Growth by Application, 2020-2031

Figure 73: South Asia & Pacific Centrifugal Pumps Market Attractiveness Analysis by Application, 2021-2031

Figure 74: East Asia Centrifugal Pumps Market Share and BPS Analysis by Country - 2021 & 2031

Figure 75: East Asia Centrifugal Pumps Market Y-o-Y Growth by Country, 2020-2031

Figure 76: East Asia Centrifugal Pumps Market Attractiveness Analysis by Country, 2021-2031

Figure 77: East Asia Market Incremental $ Opportunity by Country, 2021-2031

Figure 78: East Asia Centrifugal Pumps Market Share and BPS Analysis By Product Type- 2021 & 2031

Figure 79: East Asia Centrifugal Pumps Market Y-o-Y Growth By Product Type, 2020-2031

Figure 80: East Asia Centrifugal Pumps Market Attractiveness Analysis By Product Type, 2021-2031

Figure 81: East Asia Centrifugal Pumps Market Share and BPS Analysis by Application- 2021 & 2031

Figure 82: East Asia Centrifugal Pumps Market Y-o-Y Growth by Application, 2020-2031

Figure 83: East Asia Centrifugal Pumps Market Attractiveness Analysis by Application, 2021-2031

Figure 84: Middle East & Africa Centrifugal Pumps Market Share and BPS Analysis by Country - 2021 & 2031

Figure 85: Middle East & Africa Centrifugal Pumps Market Y-o-Y Growth by Country, 2020-2031

Figure 86: Middle East & Africa Centrifugal Pumps Market Attractiveness Analysis by Country, 2021-2031

Figure 87: Middle East & Africa Market Incremental $ Opportunity by Country, 2021-2031

Figure 88: Middle East & Africa Centrifugal Pumps Market Share and BPS Analysis By Product Type- 2021 & 2031

Figure 89: Middle East & Africa Centrifugal Pumps Market Y-o-Y Growth By Product Type, 2020-2031

Figure 90: Middle East & Africa Centrifugal Pumps Market Attractiveness Analysis By Product Type, 2021-2031

Figure 91: Middle East & Africa Centrifugal Pumps Market Share and BPS Analysis by Application- 2021 & 2031

Figure 92: Middle East & Africa Centrifugal Pumps Market Y-o-Y Growth by Application, 2020-2031

Figure 93: Middle East & Africa Centrifugal Pumps Market Attractiveness Analysis by Application, 2021-2031

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Centrifugal Pumps Market