New York, 24 Dec 2025

The Insight Partners is proud to announce its newest market report, Centrifugal Pump Market: An In-depth Analysis of the Market. The report provides a holistic view of the market and outlines the current scenario along with growth estimates during the forecast period.

Overview of the Centrifugal Pump Market

The centrifugal pump market has experienced steady development, supported by rising industrial activity, infrastructure expansion, and increasing demand for efficient fluid handling solutions. Shifting dynamics across end-use industries such as water & wastewater, oil & gas, power generation, chemicals, and construction continue to influence market growth. The report highlights how technological advancements, regulatory policies related to energy efficiency, and evolving customer requirements for reliability and performance are shaping the centrifugal pump market globally.

Key Findings and Insights

Market Size and Growth

Historical Data: The centrifugal pump market size is projected to grow from US$ 38.29 billion in 2024 to US$ 55.58 billion by 2031, registering a CAGR of 5.7% during 2025–2031. This growth underscores sustained demand across industrial, municipal, and commercial applications.

Key Factors Affecting the Market:
Growth of the centrifugal pump market is driven by increasing investments in water and wastewater management infrastructure, rising industrialization in emerging economies, and growing demand from the oil & gas and power sectors. Expansion of irrigation and desalination projects, along with replacement of aging pumping systems, is further supporting market growth. Additionally, the need for energy-efficient and low-maintenance pumping solutions is encouraging adoption of advanced centrifugal pump designs. However, fluctuations in raw material prices and high initial capital costs may influence purchasing decisions.

Market Segmentation

By Stage

  • Single Stage
  • Multistage

By Design

  • Radial Flow Pump
  • Mixed Flow Pump
  • Axial Flow Pump

By Operation Type

  • Electric
  • Hydraulic
  • Air Driven

By Type

  • Overhung Impeller
  • Vertically Suspended
  • Between Bearing

Spotting Emerging Trends

  • Technological Advancements:
    The market is witnessing advancements in pump design, materials, and digital integration. Smart centrifugal pumps equipped with sensors and condition monitoring systems are gaining traction, enabling predictive maintenance and improved operational efficiency.
  • Changing Consumer Preferences:
    End users are increasingly favoring energy-efficient, durable, and compact centrifugal pumps that reduce operating costs and downtime. Demand for customized solutions tailored to specific industrial applications is also increasing.
  • Regulatory Changes:
    Stringent regulations related to energy efficiency, emissions reduction, and water conservation are influencing product innovation. Compliance with international efficiency standards is driving manufacturers to develop high-performance and environmentally compliant pump solutions.

Growth Opportunities

The centrifugal pump market presents significant growth opportunities through infrastructure development projects, expansion of water treatment facilities, and increased investments in renewable energy and power generation. Rapid industrialization and urbanization in developing regions offer untapped potential. Furthermore, adoption of digital technologies, aftermarket services, and retrofitting of existing pump systems are expected to create new revenue streams for market participants.

Conclusion

The Centrifugal Pump Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023–2031 report provides valuable insights for organizations seeking to establish or expand their presence in the centrifugal pump market. With in-depth analysis of competitive dynamics, regulatory environment, and future growth pathways, the report supports informed, data-driven decision-making to enhance market positioning and business opportunities.

About The Insight Partners

The Insight Partners is among the leading market research and consulting firms in the world. The firm delivers exclusive reports supported by sophisticated strategic and tactical insights across industries. Reports are developed using a combination of primary and secondary research, providing clients with reliable, knowledge-based market intelligence. A holistic research approach ensures each study is unique, credible, and aligned with effective business decision-making.