Global Centrifugal Pump Market Growth 2023-2029

Global Centrifugal Pump Market Growth 2023-2029

Product Code:453716

Published Date: Feb 08,2023

Pages: 125

Region: Global

Category: Machinery & Equipment

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Centrifugal pumps are a sub-class of dynamic axisymmetric work-absorbing turbo machinery. Centrifugal pumps are used to transport fluids by the conversion of rotational kinetic energy to the hydrodynamic energy of the fluid flow. The rotational energy typically comes from an engine or electric motor. The fluid enters the pump impeller along or near to the rotating axis and is accelerated by the impeller, flowing radially outward into a diffuser or volute chamber (casing), from where it exits. Common uses include water, sewage, petroleum and petrochemical pumping.

LPI (LP Information)' newest research report, the “Centrifugal Pump Industry Forecast” looks at past sales and reviews total world Centrifugal Pump sales in 2022, providing a comprehensive analysis by region and market sector of projected Centrifugal Pump sales for 2023 through 2029. With Centrifugal Pump sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Centrifugal Pump industry.

This Insight Report provides a comprehensive analysis of the global Centrifugal Pump landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Centrifugal Pump portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Centrifugal Pump market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Centrifugal Pump and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Centrifugal Pump.

The global Centrifugal Pump market size is projected to grow from US$ 31180 million in 2022 to US$ 38370 million in 2029; it is expected to grow at a CAGR of 38370 from 2023 to 2029.

Global Centrifugal Pump key players include Grundfos, KSB, Sulzer, Ebara, Schlumberger, etc. Global top five manufacturers hold a share over 5%.

China is the largest market, with a share about 60%, followed by Europe, and North America, both have a share over 30 percent. 
In terms of product, Mixed or Radial Flow Pumps is the largest segment, with a share over 60%. And in terms of application, the largest application is Domestic water and wastewater, followed by Petroleum Industrial, Chemical Industrial, Mining Industrial, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Centrifugal Pump market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Axial Flow Pumps
    Mixed or Radial Flow Pumps
    Peripheral Pumps
    Jet Pumps

Segmentation by application
    Domestic Water And Wastewater
    Petroleum Industrial
    Chemical Industrial
    Food And Beverage
    Mining Industrial
    Others

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Grundfos
    Flowserve
    ITT
    KSB
    Sulzer
    Ebara
    Schlumberger
    Weir Group
    Wilo AG
    Idex
    Pentair
    Clyde Union
    Vano
    Atlas Copco
    DAB
    FNS Pumps
    Allweiler
    Shanghai Kaiquan
    FengQiu
    Shandong Sure Boshan
    LEO
    CNP
    Sanlian Pump Group
    Hunan Changbeng
    Shanghai East Pump
    Shandong Shuanglun

Key Questions Addressed in this Report
What is the 10-year outlook for the global Centrifugal Pump market?
What factors are driving Centrifugal Pump market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Centrifugal Pump market opportunities vary by end market size?
How does Centrifugal Pump break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?