Centrifugal Pump Market Size to Hit $58.94 Billion by 2030 | MarketsandMarkets™

Delray Beach, FL , Aug. 17, 2026 (GLOBE NEWSWIRE) -- MarketsandMarkets™ projects the global Centrifugal Pump Market is expected to grow at a CAGR of 6.4% during the forecast period, from an estimated USD 43.29 billion in 2025 to USD 58.94 billion in 2030.

Centrifugal pumps are in high demand due to the booming industrialization in the world, population growth in cities, and the growing investments in infrastructure. Increased water and wastewater treatment plants, the addition of power generation capacity, as well as increased oil and gas, chemicals, and food processing industries, are increasing the demand for efficient equipment for fluid handling. Increasing construction activity is increasing the demand for HVAC, firefighting, and building water supply systems. Besides, the infrastructure is growing old, and it is providing good replacement demand. The changing environment of energy-efficient, electrically powered systems and a stiffer environment regulation and sustainability goals are continuing to drive the pace of centrifugal pumps uptake in industrial, municipal, and commercial uses.

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Centrifugal Pump Market Size, Share & Forecast:

• Market Size Available for Years: 2021–2030
• 2024 Market Size: USD 41.33 billion
• 2030 Projected Market Size: USD 58.94 billion
• CAGR: 6.4% from 2025-2030
• Region Highlight:  North America, Europe, Asia Pacific, South America, and Middle East & Africa
• Key players: Xylem (US), Grundfos Holding A/S (Denmark), Flowserve Corporation (US), KSB SE & Co. KGaA (Germany), and Wilo SE (Germany)

Based on stage, the centrifugal pump market has been divided into single stage and multistage. Single stage centrifugal pumps are the largest in terms of simplicity in design, economy, and wide usage in any industry. The pumps are highly applicable in low- to medium-head, high flow applications in common water supply as well as wastewater treatment, irrigation, HVAC, and general industry processes. They are easy to install, require less maintenance, and are reliable in their operation; hence, they are a good choice in new installations and also replacements. Standardized designs and wide availability also enable quicker procurement and integration to support the high-volume usage and further consolidate the leadership of single-stage pumps in the overall market.

Based on operation type, the centrifugal pump market is segmented into electrical, hydraulic, and air-driven. The second-largest is the hydraulic operation segment because it is still in use in remote, off-grid, and heavy-duty systems where power in the form of electricity is restricted or not reliable. The hydraulic centrifugal pumps are widely used in oil and gas fields, mining, construction sites, and emergency dewatering. Their capability to produce large power densities, work in unfavorable environments, and handle variable loads renders them appropriate in extreme conditions. Although electrification is growing, hydraulic systems are therefore necessary in particular industrial and field processes, where they continue to be of high demand, and by virtue of this, the hydraulic segment is the second-largest type of operation.

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By region

Asia Pacific is the fastest-growing centrifugal pump market, as the region suffers rampant industrialization, urbanization, and massive investments in infrastructure development in China, India, Southeast Asia, and emerging economies. There is sustained demand for fluid-handling systems due to large investments in water and wastewater treatment, power generation, chemicals, oil and gas, and manufacturing. Warehousing and residential development are growing at a high rate, and building services and HVAC pumps are in demand. Also, the growth of agricultural irrigation, desalination schemes, and state-based projects promoting industrialization and energy conservation are helping to hasten installations. High manufacturing base, low-cost production, and increasing replacement demand subsequently solidify the place of Asia Pacific in the fast-growing centrifugal pump market.

Competitive Landscape

Top companies in the global Centrifugal Pump Market are Xylem (US), Grundfos Holding A/S (Denmark), Flowserve Corporation (US), KSB SE & Co. KGaA (Germany), and Wilo SE (Germany). The major strategies adopted by these players include acquisitions, product launches, investments, partnerships, and expansions. 

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Report Code: EP 5975 | Published: 05-Feb-26 | Report Pages: 370 | Market Data Tables: 330 | Figures: 60