Uploaded on Feb 7, 2023
The centrifugal pump market is projected to reach US$ 36,879.0 million by 2028 from US$ 25,154.3 million in 2021; it is estimated to grow at a CAGR of 5.6% from 2021 to 2028.
Centrifugal Pump Market Structure with Top Industry Players, Region Wise Analysis and Complete Forecast Till 2028
Centrifugal Pump Market
Centrifugal Pump Market Forecast to 2028
- COVID-19 Impact and Global Analysis By
Stage (Single Stage and Multistage),
Operation Type (Electric, Hydraulic, and
Air Driven), Type (Overhung Impeller,
Vertically Suspended, and Between
Bearing), and Sector (Oil & Gas, Chemicals
& Petrochemicals, Mining, Power
Generation, Automotive, Agriculture,
HVAC, Wastewater Management, and
Others)
Centrifugal Pump Market
Current and Future Market Scenario
The centrifugal pump market is projected to reach US$ 36,879.0 million by 2028 from US$ 25,154.3 million in 2021; it is
estimated to grow at a CAGR of 5.6% from 2021 to 2028.
Steady growth of the global economy has propelled industrialization and urbanization in the past few decades, which has
subsequently favored the growth of construction industry. Western Europe has matured residential construction and
nonresidential construction industries, and these industries are growing at a steady pace in the Eastern Europe. Moreover,
governments of European countries are emphasizing on the deployment of transport infrastructure projects. For instance,
the Brenner Base Tunnel project, a new 55-kilometer-long German-Austrian railway line in the Eastern part of Alps, is
scheduled for completion by 2028. Further, the world’s longest immersed rail and road tunnel between Germany and
Denmark, which it would be built by Femern A/S, received an approval in 2020. The construction of the Ceneri Base Rail
Tunnel, which is anticipated to connect the Mediterranean and the North Sea in future, was completed in September 2020.
In April 2020, RZD International completed the Cortanovci railway tunnel and viaduct in Serbia. Thus, the continuous rise in
these projects is bolstering the demand for centrifugal pumps.
Centrifugal Pump Market
Market Segments
By Geography
By Type By Hybridization Technique North America
Overhung Impeller Electric Europe
Vertically Suspended Hydraulic Asia Pacific (APAC)
Between Bearing Air Driven Middle East and Africa (MEA)
South and Central America (SCAM)
Centrifugal Pump Market
Leading Players
Company Profiles in Centrifugal Pump Market are:
Grundfos Holding A/S
KIRLOSKAR BROTHERS LIMITED
KSB SE & Co. KGaA
PLEUGER INDUSTRIES
Sulzer Ltd
The Weir Group PLC
Tsurumi Manufacturing Co., Ltd.
WILO SE
Xylem Inc.
Centrifugal Pump Market
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