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  • Coherent Market Insights
  • Market Research and Business Consulting Services
  • https//www.coherentmarketinsights.com/
  • COVID-19 Impact Tracker

  • Centrifugal Pump Market, By Product Type
    (Single-stage Pump, Multi-stage Pump, Axial
    Mixed Flow Pump, Submersible Pump and Sealless
    Circulator Pumps), By Capacity(HP) (High, Medium
    and Low), By End Use (Industrial (Chemicals,
    Water Wastewater Treatment, Power, Oil Gas,
    Pharmaceuticals, Food Beverages and Others),
    Agricultural and Domestic) and by Region (North
    America, Europe, Asia Pacific, RoW) - Size,
    Share, Outlook, and Opportunity Analysis, 2020
  • The global centrifugal pump market was valued at
    US 36,700 Mn in 2019 and is forecast to reach a
    value of US 52,918 Mn by 2027 at a CAGR of 4.7
    between 2020 and 2027.

Market Drivers
  • Growing infrastructure development worldwide is
    expected to drive growth of the global
    Centrifugal Pump Market during the forecast
    period The demand for centrifugal pumps has
    increased significantly in the recent past, owing
    to rising infrastructure development across the
    globe. Governments of developing countries such
    as China and India are focusing on urbanization,
    which in turn, is expected to fuel demand for
    centrifugal pumps, particularly in domestic,
    Water wastewater treatment industries. Thus,
    these factors are expected to drive growth of the
    global centrifugal pump market during the
    forecast period. For instance, in 2015, the
    Government of China targeted urban wastewater
    infrastructure investments of around US 60 Bn.

  • Rising demand from SMEs and process industries is
    expected to propel the global centrifugal pump
    market growth over the forecast period
    Centrifugal pumps have witnessed massive demand
    from process industries, especially in pulp,
    chemical, paper, and food and beverage
    industries. Furthermore, increasing demand for
    energy-efficient manufacturing operations in
    developed countries is expected to boost
    expenditure on new pumping equipment, thereby
    driving demand for a centrifugal pump. Moreover,
    this demand is typically witnessed by SMEs in
    emerging economies such as India and China.
    Therefore, these factors are expected to propel
    the global centrifugal pump market growth in

  • APAC held dominant position in the global
    centrifugal pump market in 2019, accounting
    for 33.4 share in terms of value, followed by
    Europe, North America and RoW respectively.
  • Figure 1 Global Centrifugal Pump Market Share
    (), in terms of Value, By Region, 2019

Market Restraint
  • Low-cost products offered by China-based pump
    manufacturers is expected to restrain growth of
    the global centrifugal pump market during the
    forecast period China-based pump manufacturers
    are offering products at competitive prices.
    Increasing price pressure from these players is
    influencing key suppliers to offer high-quality,
    reliable, efficient, and technologically-advanced
    centrifugal pumps at competitive prices. Presence
    of these products is reducing market share of
    other manufacturers present in the market.
    Therefore, these factors are expected to restrain
    growth of the global centrifugal pump market
    during the forecast period. For instance, Chinese
    players sell centrifugal pumps at 25 to 30
    lower prices as compared to global and regional

  • Low rate of replacement and energy-efficiency is
    expected to hinder the global centrifugal pump
    market growth over the forecast period
  • Products are available in the market offer low
    energy efficiency. There is a constant need for
    research and development activities, in order to
    expand product efficiency. Moreover, centrifugal
    pumps have low replacement rate, which in turn,
    is expected to hinder the global centrifugal
    market growth in the near future. For instance,
    most manufacturers spend around 2 of their
    overall revenue on RD of new technology and pump
    types, mainly focusing on pumps to be more
    energy-efficient and have a long operating life.

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Market Opportunities
  • Optimizing centrifugal pumping system and
    production speed can present lucrative growth
  • Majority of centrifugal pump manufacturers are
    focused on the optimization of centrifugal
    pumping systems and increasing production speed.
    Pump manufacturers can a wide range of products
    in their portfolio with customization. Since
    customer requirements are moving towards niche
    applications from general, manufacturers are
    providing custom-made products. Manufacturers can
    capitalize on the opportunity of optimizing the
    speed of large centrifugal pumps, which can save
    energy and reduce wear and tear of centrifugal

  • Rising focus on pump life cycle cost can provide
    major business opportunities
  • Manufacturers are required to evaluate life
    cycle costs and allow smart buying decisions for
    customers. Centrifugal pump industry players need
    to analyze the cost of energy and the return of
    investment for centrifugal pumps rather than
    concentrating on buying and installation costs.
    According to Coherent Market Insights analysis,
    buying and installation cost accounts for 18 of
    the total unit cost, while operation and
    lifecycle cost represents the remaining 80 of
    the overall centrifugal pump cost.

Figure 2 Global Centrifugal Pump Market Value
(US Mn), 2017 2027
Market Trends
  • Constant consolidation by market players is a
    major trend Key players operating in the
    market are focused on mergers and acquisitions,
    in order to gain a competitive edge in the
    market. For instance, in May 2015, WPIL Ltd.
    acquired Gruppo Aturia and its subsidiaries
    France-based Pompes Rutschi SAS and
    Switzerland-based Rutschi Fluid AG. Moreover, in
    July 2015, Sulzer Ltd. acquired Expert
    International Pompe Service (EIPS), which offers
    maintenance and repair services for pumps in
    Casablanca, Morocco. In December 2015, Ebara
    Corporation acquired Brazil-based pump
    manufacturer Thebe Bombas Hydraulicas SA.
  • Rising adoption of micro-disc pumping and
    variable frequency drive technology Micro disc
    pumping technology enables manufacturers to
    create small-size and energy-efficient
    centrifugal pumps. With the ongoing trends such
    as size reduction, portability, and variable
    frequency drive operation, demand for small,
    silent, energy-efficient and high-performance
    centrifugal pumps is gaining traction. Micro disc
    pumps are already being used in pharmaceuticals
    and medical applications such as for blood
    pressure measurement.

Competitive Section
  • Major companies operating in the global
    centrifugal pump market are ITT Corporation,
    Ruhrpumpen Group, KSB AG, Xylem Inc., Flowserve
    Corporation, Wilo SE, Sulzer AG, Weir Group plc,
    Ebara Corporation, and Grundfos AG

Global Centrifugal Pump Market - Impact of
Coronavirus (Covid-19) Pandemic
  • Due to Covid-19 pandemic, many industries
    witnessed significant shift in their business.
    There is significant impact on centrifugal pump
    market, as these centrifugal pumps are used in
    oil gas industries. Due to lockdown imposed by
    countries, the demand and price of the crude oil
    has fallen. For instance, in March 2020, in US
    the price of the crude oil has decreased from US
    61.06 to 23.36. Additionally, every country has
    banned international and domestic travel, due to
    this there is had huge drop in the consumption of
    Aviation Turbine Fuel (ATF) across the globe. All
    these factors have significant impact on
    Centrifugal pump market and there is huge drop in
    the demand of centrifugal pumps.

Key Developments
  • Key market players are focused on mergers and
    acquisitions, in order to gain a competitive edge
    in the market. For instance, in February 2019,
    ITT Corporation acquired Rheinhütte Pumpen Group,
    a designer of centrifugal pump from Aliaxis Group
  • Major companies are involved in partnerships and
    collaborations, in order to enhance the market
    presence. For instance, in February 2019,
    Ruhrpumpen Group, a pump supplier, partnered with
    Wolong Electric, an electric motor manufacturer,
    to supply API 610 barrel-casing pumps to Missan
    Oil Company.

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