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Global Centrifugal Pumps Market By Type (Mixed Flow, Axial Flow, Radial Flow), By Stage Type (Multi-Stage, Single-Stage), By End User (Industrial, Residential, Agriculture, Commercial), By Region–Forecast & Opportunities to 2026

The global centrifugal pump market accounted for a value of USD 36.9 billion in 2019. Centrifugal pump market is projected to register growth at a CAGR of 3.3% during forecast period.

COVID-19 has impacted all the businesses over the globe. The manufacturing facilities have to shut down due to lockdown. The supply chain of raw material and finished products is disrupted due to travel restriction and international border closer. The demand for the centrifugal pump has been declined across end users due to slow market growth of such users.  The centrifugal pump market is estimated to witness decline in growth due to COVID-19.

Definition:

Centrifugal pump can be defined as a machine which uses rotation in order to impart velocity to liquids and it converts that velocity into flow. These pumps are utilized to transport fluids by the converting rotational kinetic energy into hydrodynamic energy. The fluid enters the pump impeller near the rotating axis and it is accelerated by impeller and it flows outward in a radial motion into volute chamber and here it exits. Impeller is one of the primary parts of a centrifugal pump and driven by electric pump. These pumps are used in water pumping, petroleum pumping and sewage water.

Market Dynamics (Drivers/Opportunities):

Centrifugal pumps used to pump different fluids and this fluid contains some impurities that hamper productivity of such pipes. In order to overcome this problem various technological advancements are happening in this industry such as IoT and network-based monitoring etc. Many companies have installed such technologies in their industry to detect and diagnose faults remotely. The recent technological advancements is likely to drive growth in centrifugal pumps market during forecast period.

Governments across various regions have implemented various stringent norms to treat impurities present in water which is released from different sectors to prevent contamination of clean sources of water. Centrifugal pumps are deployed for treatment of such water. The adoption of such pumps is increasing across various sectors such as residential and commercials segments. This drives growth in centrifugal pumps during forecast period.

Market Insights, by Type

On the basis of type, the centrifugal pumps market is segmented into mixed flow, axial flow and radial flow. The radial flow segment is estimated to hold largest market share during forecast period. In this pump the fluid exits the impellers radially. This type of pumps has different benefits such as high efficiency, low bearing load, low maintenance and compact design.  The adoption of radial flow pumps is increasing across the globe and this drives growth n radial flow segment during forecast period.

Market Insights, by Stage Type

On the basis of stage type, the centrifugal pumps market is segmented into multi-stage and single stage. The multi stage segment is estimated to hold largest market share during forecast period. The multi-stage centrifugal pumps are low maintenance, high energy efficiency, low internal friction losses and easy installation. This pump is widely adopted in the market. This drives growth in multi-stage centrifugal pump segment during forecast period.

Market Insights, by End-User

On the basis of end-user, the centrifugal pumps market is segmented into agriculture, industrial, residential and commercial end-users. The industrial end-users segment is likely to hold largest market share during forecast period. The need for transferring large volumes of water from one operation to other is increasing in industrial segment which increases the installation of such pumps in different industries such as water & wastewater, oil & gas, food & beverages, chemicals, power generation and mining etc. The high adoption of centrifugal pumps for different operations in various industries is likely to drive market growth in industrial segment during forecast period.

Regional Insights

Asia-pacific region is estimated to hold largest market share during forecast period. The industrialization is increasing in this region and the numbers of manufacturing and processing industries are increasing. The rise in industrial vertical increases demand and installation of centrifugal pumps in this region and this drives growth in Asia-Pacific region during forecast period.

Key Companies & Market Share Insights

The key market players in centrifugal pump industry are Xylem, Baker Hughes, Weir, Ebara Corporation, Circor International, Wilo, ITT Corporation, Sulzer, KSB, Grundfos, Flowserve, Someflu, Pentair, Flowrox, Kirlosker brothers Ltd. and Dover Corporation.

Segments Covered in the Report

This report forecasts The Global Centrifugal Pump Market, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2026. For the purpose of this study, Our Company has segmented the global centrifugal pump market report on the basis of type, stage type, and end-user.

Centrifugal Pump Market Size & Forecast (2017-2026)

  1. Research Framework
    • Market Definition and Product Overview
    • Market Segmentation
  2. Research Methodology
    • Qualitative Research
      • Primary & Secondary Sources
    • Quantitative Research
      • Primary & Secondary Sources
    • Breakdown of Primary Research Respondents, By Region
      • Secondary Research
      • Primary Research
    • Breakdown of Primary Research Respondents, By Industry Participants
      • Market Size Estimation
      • Assumption for the Study
      • Market Breakdown & Data Triangulation
  1. Executive Summary
    • Market Snapshot
  2. Industry Insights
    • Industry ecosystem analysis
      • Value Chain Analysis
    • Industry impact and forces
      • Growth Drivers
      • Challenges &Restraints
      • Opportunities
    • Disruptive Technological Analysis
    • Regulatory framework
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
    • Growth potential analysis, 2019
    • Porter’s Five forces analysis
    • Pricing Analysis
      • North America
      • Europe
      • Asia Pacific
      • Middle East & Africa
      • South America
  1. COVID – Impact Analysis
    • North America
    • Europe
    • Asia Pacific
    • Middle East & Africa
    • South America
  2. Centrifugal Pump Market, By Type , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Mixed Flow
  • Axial Flow
  • Radial Flow
  1. Centrifugal Pump Market, By Stage Type , Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Multi-Stage
  • Single-Stage
  1. Centrifugal Pump Market, By End User, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • Agriculture
  • Industrial
  • Residential
  • Commercial
  1. Centrifugal Pump Market, By Region, Market Size & Forecast To 2026

(USD Million 2017,2018, 2019, 2020, 2021-e-2026-p)

  • Introduction
  • North America Market Size & Forecast To 2026
    • Market Overview
    • COVID-19 Impact
    • By Type
    • By Stage Type
    • By End-User
    • By Country
      • USA
        • By End-User
      • Canada
      • Mexico
    • South America Market Size & Forecast To 2026
      • Market Overview
      • COVID-19 Impact
      • By Type
      • By Stage Type
      • By End-User
      • By Country
        • Brazil
          • By End-User
        • Argentina
        • Chile
        • Rest of South America
      • Europe Market Size & Forecast To 2026
        • Market Overview
        • COVID-19 Impact
        • By Type
        • By Stage Type
        • By End-User
        • By Country
          • UK
            • By End-User
          • Germany
          • France
          • Italy
          • Rest of Europe
        • APAC Market Size & Forecast To 2026
          • Market Overview
          • COVID-19 Impact
          • By Type
          • By Stage Type
          • By End-User
          • By Country
            • China
              • By End-User
            • India
            • Japan
            • South Korea
            • Australia
            • Rest of APAC
          • Middle East & Africa Market Size & Forecast To 2026
            • Market Overview
            • COVID-19 Impact
            • By Type
            • By Stage Type
            • By End-User
            • By Country
              • Saudi Arabia
                • By End-User
              • UAE
              • Qatar
              • Kuwait
              • South Africa
              • Rest of Middle East & Africa
  1. Competitive Landscaping
    • Competitive Benchmarking
      • Market Share Analysis, 2019
      • Global Presence and Growth Strategies
        • Mergers & Acquisitions
        • New Product Launches
        • Investments Trends
        • R&D Initiatives
  1. Company Profile
    • Dover Corporation
      • Company Overview
      • Financial Overview
      • Product Portfolio
      • Recent Developments
      • SWOT Analysis
      • Strategic Outlook
    • Xylem
    • Baker Hughes
    • Weir
    • Ebara Corporation
    • Circor International
    • Wilo
    • ITT Corporation
    • Sulzer
    • KSB
    • Grundfos
    • Flowserve
    • Someflu
    • Pentair
    • Flowrox
    • Kirlosker Brothers Ltd.
  2. Appendix
    • Interrelated Market

Research Methodology

1.1     Research Methodology

The process of market research at PAN Market Consulting is very intuitive being iterative in nature and usually follows the path where Information gathered from secondary research is used to build data models, which are than validated from primary participants. Then same cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new information type is again incorporated into data model. The process continues till desired level of information is not generated.

To calculate the market size, the report considers the revenue generated from the sales of the product/services. The revenue generated from the sales of product/services has been calculated through primary and secondary research. The report also analyses the key players operating in the market at the global level which are identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes product segmentation determined using secondary sources and verified through primary sources.

1.2     Secondary Research

The secondary research source that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • Internal and external proprietary databases, relevant patent and regulatory databases
  • National government documents, statistical databases and market reports
  • News articles, press releases and web-casts specific to the companies operating in the market

The source for secondary research includes but is not limited to Factiva, Hoovers and Statista

SecondaryResearch

1.3     Primary Research

We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following end users:

  • It provides first-hand information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
  • Helps in validating and strengthening the secondary research findings
  • Further develops the analysis team’s expertise and market understanding
  • Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/ product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
  • Key opinion leaders specializing in different areas corresponding to different industry end users

1.4     Models

Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data products to produce estimates:

  • Demographic data: Population split by segment
  • Macro-economic indicators: GDP, etc.
  • Industry indicators: Expenditure, product stage & infrastructure, sector growth and facilities.

Data is then cross checked by the expert panel.

1.4.1 Company Share Analysis Model

Company share analysis is used to derive the size of global market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps:

ResearchMethodology1

1.4.2 Revenue Based Modeling

Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach whereas it acts as starting point for top-down approach.

ResearchMethodology2

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