2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

Which Primary Drivers Are Supporting the Continued Market Growth of theCentrifugal Pump Market?

The growth of the agriculture sector is fueling the centrifugal pumps market. This sector is expanding due to investment in agricultural infrastructure and changing dietary demands. Centrifugal pumps enhance irrigation and water management. In February 2024, the Department for Environment Food & Rural Affairs reported an increase in average UK farm income from $50,461 in 2020/21 to $78,133 in 2021/22. This supports growth in the centrifugal pumps market.

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#What Long-Term Growth Rate is Expected for theCentrifugal Pump Market Between 2025 and 2034?

The centrifugal pump market will grow from $40.85 billion in 2024 to $43.46 billion in 2025 at a CAGR of 6.4%, due to agriculture needs, solar water pump use, food production demands, infrastructure growth, and aging demographics.

The centrifugal pump market size is expected to reach $54.95 billion in 2029 at a CAGR of 6.0%. The growth is driven by the increasing demand for single-stage pumps, freshwater demand, electric variants, construction expenditures, and oil and gas production. Major trends include technological advancements, solar-based centrifugal pumps, energy-efficient pumps, and the development of modern technologies.

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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theCentrifugal Pump Market?

In the centrifugal pump market, companies are introducing mag-drive pumps to increase operational safety and reduce leakage risks. These seal-free pumps lower maintenance and handle hazardous fluids effectively. In February 2024, DESMI, a Denmark-based industrial pump manufacturer, launched its mag-drive centrifugal pumps, suitable for industries requiring safe fluid transfer, such as pharmaceuticals and chemical processing.

Who Are the Key Market Players Influencing the Growth of the Corn and Centrifugal Pump Industry?

Major companies operating in the centrifugal pump market are General Electric Company, Dover Corporation, Schlumberger Ltd., Baker Hughes Co., Ingersoll Rand Inc., WEG S.A., Alfa Laval AB, Ebara Corporation, Grundfos Holding A/S, Pentair plc, Flowserve Corporation, Sulzer Brothers Ltd., ITT Inc., Weir Group plc, Gardner Denver LLC, CIRCOR International Inc., Ruhrpumpen Group, DESMI A/S, Shakti Pump Ltd., HERMETIC-Pumpen GmbH, Klaus Union GmbH & Co. KG, CP Pumpen AG, HOMA Pumpenfabrik GmbH, The PROLAC HCP Pump, Mody Pumps Inc., PSP Pumps Pvt. Ltd.

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Which Key Market Segments Comprise the Centrifugal Pump Market and Drive Its Revenue Growth?

The centrifugal pumpmarket covered in this report is segmented –

1) By Type: Overhung Impeller, Between Bearing, Vertically Suspended

2) By Stage: Single Stage, Multistage

3) By Operation: Electrical, Air-Driven, Hydraulic

4) By End-User: Industrial, Agricultural, Domestic

Subsegments:

1) By Overhung Impeller: Single Stage Overhung Impeller Pumps, Multi-Stage Overhung Impeller Pumps, End Suction Overhung Impeller Pumps

2) By Between Bearing: Horizontal Between Bearing Pumps, Vertical Between Bearing Pumps, Multi-Stage Between Bearing Pumps

3) By Vertically Suspended: Vertical Inline Pumps, Vertical Turbine Pumps, Submersible Vertical Suspended Pumps

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Which Regions Are Emerging as Leaders in the Centrifugal Pump Market?

Asia-Pacific was the largest region in the centrifugal pump market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the centrifugal pump market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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