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Centrifugal Pump Market by Type, Operation Type, Stage, End User, and Region - Global Forecast to 2030

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FLS Flowserve is highlighted for a significant innovation, the INNOMAG TB-MAG Dual Drive, which improves safety and leak prevention for hazardous fluids. This innovation positions them favorably in the market. ITT ITT Inc. is identified as a major player in the centrifugal pump market. The article mentions its participation but does not offer specific details on its performance or outlook. BKR Baker Hughes is mentioned as a major participant in the centrifugal pump market. The article does not offer specific sentiment for the company but includes it in the competitive landscape. SLB SLB is listed as a major centrifugal pump market participant. The article does not provide specific sentiment for SLB but places it among key players in the industry.

Centrifugal Pump Market by Type, Operation Type, Stage, End User, and Region - Global Forecast to 2030 Dublin, Sept. 18, 2026 (GLOBE NEWSWIRE) -- "Centrifugal Pump Market by Type, Operation Type, Stage, End User, and Region - Global Forecast to 2030" has been added to ResearchAndMarkets.com's offering.

FOR IMMEDIATE RELEASE

Global Centrifugal Pump Market to Reach USD 58.94 Billion by 2030, Growing at a 6.4% CAGR

The global centrifugal pump market is projected to increase from USD 43.29 billion in 2025 to USD 58.94 billion by 2030, registering a compound annual growth rate of 6.4% during the forecast period. Expanding power generation capacity, rising wastewater treatment requirements and growing investment in water desalination are creating favorable opportunities for centrifugal pump manufacturers and service providers worldwide.

Market growth is also supported by increased industrial exploration and processing activity, rising agricultural demand, and the development of new residential and commercial structures. Government-backed investment in advanced pumping and pipeline infrastructure, alongside the expanding adoption of solar water pumps, is expected to generate additional opportunities across regional and end-user markets.

Overhung Impeller Pumps to Lead Market Growth

By type, the centrifugal pump market is segmented into overhung impeller, vertically suspended and between-bearing pumps. The overhung impeller segment is expected to be both the largest and fastest-growing category during the forecast period.

Overhung impeller centrifugal pumps are widely used in water and wastewater treatment, oil and gas, chemicals, manufacturing and other industrial applications. Demand is increasing for dependable, energy-efficient pumping equipment that can improve operating performance while reducing energy consumption and lifecycle costs. The efficiency of these systems also supports industrial sustainability objectives by conserving energy resources and helping end users reduce their carbon footprints.

Water and Wastewater Segment Expected to Hold the Largest Share

By industrial end user, water and wastewater treatment is expected to represent the largest centrifugal pump market segment through 2030. Centrifugal pumps support dosing, filtration, fluid transfer and debris-handling functions throughout wastewater treatment operations.

Demand within this segment may remain resilient or increase during economic downturns as utilities prioritize infrastructure upgrades, operational reliability and treatment efficiency. New water and wastewater infrastructure, combined with the rehabilitation of aging systems, is expected to sustain pump procurement and replacement activity.

North America Identified as the Second-Fastest-Growing Region

North America is forecast to be the second-fastest-growing regional centrifugal pump market after Asia Pacific. Asia Pacific growth is being driven by rising pump demand from the region's rapidly expanding economies and increasing investment in industrial and municipal infrastructure.

In North America, growth is supported by demand from water and wastewater treatment plants, aging power and water infrastructure in the United States, expansion of Canada's chemicals industry, and an increasing number of onshore and offshore oilfields in the Gulf of Mexico. Development of new water and wastewater facilities is also expected to strengthen regional demand during the forecast period.

Competitive Landscape and Leading Centrifugal Pump Companies

Major centrifugal pump market participants include Xylem (US), Grundfos Holding A/S (Denmark), Flowserve Corporation (US), KSB SE & Co. KGaA (Germany), Wilo SE (Germany), Sulzer (Switzerland), Alfa Laval (Sweden), ITT Inc. (US), Weir (UK), CIRCOR International (US), Kirloskar Brothers Limited (India), Tapflo AB (Sweden), Baker Hughes (US), SLB (US), Pentair (US), WEG (Brazil), and EBARA Corporation (Japan).

The competitive assessment examines company profiles, market shares, service offerings, growth strategies and recent developments. Competition from the unorganized sector remains a notable market challenge, while established suppliers continue to differentiate their offerings through digitalization, efficiency improvements, product development and aftermarket services.

Digitalization and Product Innovation Reshape Pump Technology

The centrifugal pump market is recording high product introduction rates as manufacturers respond to digitalization and energy-efficiency requirements. IoT-enabled systems and predictive maintenance capabilities are increasingly being integrated into pumping equipment to support condition monitoring, operational optimization and reduced downtime.

A significant recent innovation is Flowserve Corporation's INNOMAG TB-MAG Dual Drive, identified as the world's first sealless magnetic-drive centrifugal pump with true secondary containment. The solution is designed to improve safety and leak prevention when handling hazardous fluids.

Innovation is accelerating in renewable energy-based water systems, industrial process automation and smart pumping infrastructure. Manufacturers are also incorporating sustainable materials, recyclable components and modular configurations to simplify maintenance, component replacement and future upgrades.

Market Drivers, Opportunities, Restraints and Challenges

Research Scope and Methodology

The market report defines, analyzes and forecasts the global centrifugal pump market by type, operation type, stage, end user and region. It provides qualitative and quantitative analysis of market drivers, restraints, opportunities and challenges, as well as coverage of competitive conditions, market dynamics, value-based estimates, regional opportunities and future industry trends.

Primary research included in-depth interviews with key industry participants, subject-matter experts, C-level executives, directors, sales managers, engineers, regional managers and industry consultants. By company type, respondents comprised Tier 1 companies at 65%, Tier 2 companies at 24% and Tier 3 companies at 11%. By designation, participants included C-level executives at 30%, directors at 25% and other professionals at 45%.

Regional interview participation consisted of Asia Pacific at 44%, Europe at 26%, North America at 21%, the Middle East and Africa at 7%, and South America at 3%. The findings were used to verify critical qualitative and quantitative information and assess the centrifugal pump market's future prospects.

The report also provides market-development analysis across attractive regions, identifies untapped geographies, and reviews new products, services, investments and industry developments. Its competitive coverage is designed to support stakeholders evaluating market entry, geographic expansion, product innovation, strategic partnerships and long-term investment opportunities in the global centrifugal pump industry.

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Market Dynamics

Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/nbb0gf

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