Centrifugal Pump Market Size

Centrifugal Pump Market size was valued at USD 41.89 billion in 2024 and is likely to exceed USD 91.3 billion by the end of 2037, expanding at over 6.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of centrifugal pump is evaluated at USD 43.97 billion.

The growth of the market can be attributed to the growing need for treating wastewater. Centrifugal pumps are used in the primary treatment phase for pumping and churning the wastewater in primary setting tanks or sedimentation tanks in order to separate particles of solids from the liquid. According to new research conducted by scientists at Utrecht University and the United Nations University, around half of the world's wastewater is treated, rather than the prior estimation of 20%.

In addition to these, factors that are believed to fuel the growth of the centrifugal pump market. Pump makers have been able to create more efficient impellers and pump components given that to new technology such as improved computational fluid dynamics (CFD) and simulation software.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of centrifugal pump is evaluated at USD 43.97 billion.

The centrifugal pump market size was valued at USD 41.89 billion in 2024 and is likely to exceed USD 91.3 billion by the end of 2037, expanding at over 6.3% CAGR during the forecast period i.e., between 2025-2037. Increasing need for wastewater treatment, and rising demand for power and energy will boost the market growth.

North America industry is estimated to be the second largest, registering a share of about 29% by 2037, backed by increasing concerns about water scarcity and environmental regulation in the region.

The major players in the market include ITT Inc., Flowserve Corporation, Schlumberger Ltd, Baker Hughes Company, KSB SE & Co. KGaA, Weir Group PLC, CPC Pumps International, Inc., Ebara Corporation, Xylem, Grundfos Holding A/S.

Centrifugal Pump Market Size