Centrifugal Pump Market Analysis and Forecast to 2032: By Product Type (Axial and Mixed Flow Pump, Submersible Pump, Seal Less and Circular Pump, and Others), Stage (Multi Stage and Single Stage), Application (Agriculture, Commercial and Residential, and Industrial), and Region
The centrifugal pumps market is estimated to be valued at US$ 24.6 billion in 2022 and is expected to reach US$ 62.4 billion by 2032 at a CAGR of 9.8% during the forecast period.
A centrifugal pump is a type of pump that uses centrifugal force to create a vacuum that draws water or other fluids into the pump. The force created by the spinning of the impeller in the pump creates a vacuum that sucks water or other fluids into the pump. The fluid is then forced out of the pump by the centrifugal force and pressure created by the spinning of the impeller.
Key Trends
There are several key trends in centrifugal pump technology. One is the move towards more energy-efficient pumps. This is being driven by both government regulations and the need to reduce operating costs. Another trend is the development of more specialized pumps for specific applications. This is driven by the need for pumps that can handle increasingly difficult fluids and by the desire to improve performance in specific industries. Finally, there is a trend towards using more advanced materials in pump construction. This is driven by the need for more durable and corrosion-resistant pumps.
Key Drivers
There are several key drivers of the centrifugal pump market which include industrialization, population growth, and urbanization. These drivers are expected to lead to an increase in demand for centrifugal pumps in various industries such as water and wastewater, oil and gas, chemical, food and beverage, and others. Additionally, the replacement of existing pumps with more efficient centrifugal pumps is another key driver of the market.
Restraints & Challenges
The key restraints and challenges in the centrifugal pump market include the need for high initial investment, the need for skilled labor for installation and maintenance, the need for regular maintenance, and the possibility of pump failure. The high initial investment is needed for the purchase of the pump, the installation, and the maintenance. The need for skilled labor for installation and maintenance is needed because the centrifugal pump is a complex piece of machinery. The need for regular maintenance is needed because the pump must be regularly inspected and cleaned to prevent pump failure. The possibility of pump failure is always present and can be caused by a number of factors, such as improper installation, incorrect maintenance, or a manufacturing defect.
Key Market Segments
The centrifugal pump market bifurcated on the basis of product type, stage, application and region. On the basis of product type it is segmented into axial & mixed flow pump, submersible pump, seal less & circular pump, and others. By stage, it is divided into multi stage and single stage. By application, it is spread across agriculture, commercial & residential, and industrial. Region-wise, it is studied across North America, Europe, Asia-Pacific, and rest of the World.
Key Market Players
The centrifugal pump market report includes players such as Mody Pumps, WEG, VanSan, HCP Pump, Leo, Proril, CNP Pumps, Xylem, Flowrox, and WILO SE.
Recent Development
- In March 2023, KSB acquired Bharat Pumps, a major manufacturer of centrifugal pumps, among other products. KSB SupremeServ, a dedicated segment of KSB for aftermarket services, will handle this newly acquired venture to undertake spare parts business and service over 5,000 BP&CL products installed in various industries and locations across India.
- In April 2022, GSD held an internal product launch of the ISH/ISP high-efficiency centrifugal pump. ISH/ISP high-efficiency centrifugal pump can be equipped with sensors at the reserved position in the design to realize the real-time monitoring, predictive alarm, fault analysis, energy efficiency analysis and operation state optimization of the equipment by matching with the GSD intelligent IOT system.
Table of Contents
Chapter 1. Alcohol Market Overview
1.1. Objectives of the Study
1.2. Market Definition and Research & Scope
1.3. Research Limitations
1.4. Research Methodologies
1.4.1. Secondary Research
1.4.2. Market Size Estimation Technique
1.4.3. Forecasting
1.4.4. Primary Research and Data Validation
Chapter 2. Executive Summary
2.1. Summary
2.2. Key Highlights of the Market
Chapter 3. Premium Insights on the Market
3.1. Market Attractiveness Analysis, By Region
3.2. Market Attractiveness Analysis, By Product Type
3.3. Market Attractiveness Analysis, By Stage
3.4. Market Attractiveness Analysis, By Application
Chapter 4. Alcohol Market Outlook
4.1. Alcohol Market Segmentation
4.2. Market Dynamics
4.2.1. Market Drivers
4.2.1.1. Driver 1
4.2.1.2. Driver 2
4.2.1.3. Driver 3
4.2.2. Market Restraints
4.2.2.1. Restraint 1
4.2.2.2. Restraint 2
4.2.3. Market Opportunities
4.2.3.1. Opportunity 1
4.2.3.2. Opportunity 2
4.3. Porter’s Five Forces Analysis
4.3.1. Threat of New Entrants
4.3.2. Threat of Substitutes
4.3.3. Bargaining Power of Buyers
4.3.4. Bargaining Power of Supplier
4.3.5. Competitive Rivalry
4.4. PESTLE Analysis
4.5. Value Chain Analysis
4.5.1. Raw Material Suppliers
4.5.2. Manufacturers
4.5.3. Wholesalers and/or Retailers
4.6. Impact of COVID-19 on the Market
4.7. Impact of the Russia and Ukraine War on the Alcohol Market
4.8. Case Study Analysis
4.9. Pricing Analysis
Chapter 5. Alcohol Market, By Product Type
5.1. Market Overview
5.2. Axial & Mixed Flow Pump
5.2.1. Market Size and Forecast, 2022-2032 ($Million)
5.2.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
5.3. Submersible Pump
5.3.1. Market Size and Forecast, 2022-2032 ($Million)
5.3.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
5.4. Seal Less & Circular Pump
5.4.1. Market Size and Forecast, 2022-2032 ($Million)
5.4.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
5.5. Others
5.5.1. Market Size and Forecast, 2022-2032 ($Million)
5.5.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
Chapter 6. Alcohol Market, By Stage
6.1. Market Overview
6.2. Multi Stage
6.2.1. Market Size and Forecast, 2022-2032 ($Million)
6.2.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
6.3. Single Stage
6.3.1. Market Size and Forecast, 2022-2032 ($Million)
6.3.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
Chapter 7. Alcohol Market, By Application
7.1. Market Overview
7.2. Agriculture
7.2.1. Market Size and Forecast, 2022-2032 ($Million)
7.2.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
7.3. Commercial & Residential
7.3.1. Market Size and Forecast, 2022-2032 ($Million)
7.3.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
7.4. Industrial
7.4.1. Market Size and Forecast, 2022-2032 ($Million)
7.4.2. Market Size and Forecast, By Region, 2022-2032 ($Million)
Chapter 8. Alcohol Market, By Region
8.1. Overview
8.2. North America
8.2.1. Key Market Trends and Opportunities
8.2.2. North America Alcohol Market Size and Forecast By Country, 2022-2032, ($Million)
8.2.3. North America Alcohol Market, Size and Forecast By Product Type, 2022-2032, ($Million)
8.2.4. North America Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.2.5. North America Alcohol Market, Size and Forecast By Application, 2022-2032, ($Million)
8.2.6. The U.S.
8.2.6.1. The U.S. Alcohol Market, Size and Forecast By Product Type, 2022-2032, ($Million)
8.2.6.2. The U.S. Alcohol Market, Size and Forecast By Stage, 2022-2032, ($Million)
8.2.6.3. The U.S. Alcohol Market, Size and Forecast By Application 2022-2032, ($Million)
8.2.7. Canada
8.2.7.1. Canada Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.2.7.2. Canada Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.2.7.3. Canada Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.2.8. Mexico
8.2.8.1. Mexico Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.2.8.2. Mexico Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.2.8.3. Mexico Alcohol Market Size and Forecast By Application 2022-2032, ($Million)
8.3. Europe
8.3.1. Key Market Trends and Opportunities
8.3.2. Europe Alcohol Market Size and Forecast By Country, 2022-2032, ($Million)
8.3.3. Europe Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.3.4. Europe Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.3.5. Europe Alcohol Market, Size and Forecast By Application, 2022-2032, ($Million)
8.3.6. The U.K.
8.3.6.1. The U.K. Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.3.6.2. The U.K. Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.3.6.3. The U.K. Alcohol Market, Size and Forecast By Application, 2022-2032, ($Million)
8.3.7. Germany
8.3.7.1. Germany Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.3.7.2. Germany Alcohol Market, Size and Forecast By Stage, 2022-2032, ($Million)
8.3.7.3. Germany Alcohol Market, Size and Forecast By Application, 2022-2032, ($Million)
8.3.8. France
8.3.8.1. France Alcohol Market, Size and Forecast By Product Type, 2022-2032, ($Million)
8.3.8.2. France Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.3.8.3. France Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.3.9. Spain
8.3.9.1. Spain Alcohol Market, Size and Forecast By Product Type, 2022-2032, ($Million)
8.3.9.2. Spain Alcohol Market, Size and Forecast By Stage, 2022-2032, ($Million)
8.3.9.3. Spain Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.3.10. Italy
8.3.10.1. Italy Alcohol Market, Size and Forecast By Product Type, 2022-2032, ($Million)
8.3.10.2. Italy Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.3.10.3. Italy Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.3.11. Netherlands
8.3.11.1. Netherlands Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.3.11.2. Netherlands Alcohol Market, Size and Forecast By Stage, 2022-2032, ($Million)
8.3.11.3. Netherlands Alcohol Market, Size and Forecast By Application, 2022-2032, ($Million)
8.3.12. Sweden
8.3.12.1. Sweden Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.3.12.2. Sweden Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.3.12.3. Sweden Unmanned Underwater Vehicles (UUV) Market Size and Forecast By Application, 2022-2032, ($Million)
8.3.13. Switzerland
8.3.13.1. Switzerland Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.3.13.2. Switzerland Alcohol Market, Size and Forecast By Stage, 2022-2032, ($Million)
8.3.13.3. Switzerland Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.3.14. Denmark
8.3.14.1. Denmark Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.3.14.2. Denmark Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.3.14.3. Denmark Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.3.15. Finland
8.3.15.1. Finland Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.3.15.2. Finland Alcohol Market, Size and Forecast By Stage, 2022-2032, ($Million)
8.3.15.3. Finland Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.3.16. Russia
8.3.16.1. Russia Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.3.16.2. Russia Alcohol Market, Size and Forecast By Stage, 2022-2032, ($Million)
8.3.16.3. Russia Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.3.17. Rest of Europe
8.3.17.1. Rest of Europe Alcohol Market, Size and Forecast By Product Type, 2022-2032, ($Million)
8.3.17.2. Rest of Europe Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.3.17.3. Rest of Europe Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.4. Asia-Pacific
8.4.1. Key Market Trends and Opportunities
8.4.2. Asia-Pacific Unmanned Alcohol Market Size and Forecast By Country, 2022-2032, ($Million)
8.4.3. Asia-Pacific Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.4.4. Asia-Pacific Alcohol Market, Size and Forecast By Stage, 2022-2032, ($Million)
8.4.5. Asia-Pacific Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.4.6. China
8.4.6.1. China Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.4.6.2. China Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.4.6.3. China Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.4.7. India
8.4.7.1. India Alcohol Market, Size and Forecast By Product Type, 2022-2032, ($Million)
8.4.7.2. India Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.4.7.3. India Alcohol Market, Size and Forecast By Application, 2022-2032, ($Million)
8.4.8. Japan
8.4.8.1. Japan Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.4.8.2. Japan Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.4.8.3. Japan Alcohol Market, Size and Forecast By Application, 2022-2032, ($Million)
8.4.9. South Korea
8.4.9.1. South Korea Alcohol Market, Size and Forecast By Product Type, 2022-2032, ($Million)
8.4.9.2. South Korea Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.4.9.3. South Korea Alcohol Market, Size and Forecast By Application, 2022-2032, ($Million)
8.4.10. Australia
8.4.10.1. Australia Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.4.10.2. Australia Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.4.10.3. Australia Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.4.11. Singapore
8.4.11.1. Singapore Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.4.11.2. Singapore Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.4.11.3. Singapore Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.4.12. Indonesia
8.4.12.1. Indonesia Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.4.12.2. Indonesia Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.4.12.3. Indonesia Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.4.13. Taiwan
8.4.13.1. Taiwan Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.4.13.2. Taiwan Alcohol Market, Size and Forecast By Stage, 2022-2032, ($Million)
8.4.13.3. Taiwan Alcohol Market, Size and Forecast By Application, 2022-2032, ($Million)
8.4.14. Malaysia
8.4.14.1. Malaysia Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.4.14.2. Malaysia Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.4.14.3. Malaysia Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.4.15. Rest of APAC
8.4.15.1. Rest of APAC Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.4.15.2. Rest of APAC Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.4.15.3. Rest of APAC Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.5. Rest of The World
8.5.1. Key Market Trends and Opportunities
8.5.2. Rest of The World Alcohol Market Size and Forecast By Country, 2022-2032, ($Million)
8.5.3. Rest of The World Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.5.4. Rest of The World Alcohol Market, Size and Forecast By Stage, 2022-2032, ($Million) Alcohol Market, Size and Forecast By Application, 2022-2032, ($Million)
8.5.5. Latin America
8.5.5.1. Latin America Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.5.5.2. Latin America Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.5.5.3. Latin America Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.5.6. Middle East
8.5.6.1. Middle East Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.5.6.2. Middle East Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.5.6.3. Middle East Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
8.5.7. Africa
8.5.7.1. Africa Alcohol Market Size and Forecast By Product Type, 2022-2032, ($Million)
8.5.7.2. Africa Alcohol Market Size and Forecast By Stage, 2022-2032, ($Million)
8.5.7.3. Africa Alcohol Market Size and Forecast By Application, 2022-2032, ($Million)
Chapter 9. Competitive Landscape
9.1. Market Overview
9.2. Market Share Analysis/Key Player Positioning
9.3. Developmental Strategy Benchmarking
9.3.1. New Product Development
9.3.2. Product Launches
9.3.3. Business Expansions
9.3.4. Partnerships, Joint Ventures, And Collaborations
9.3.5. Mergers And Acquisitions
Chapter 10. Company Profiles
10.1. Mody Pumps
10.1.1. Company Snapshot
10.1.2. Financial Performance
10.1.3. Product Offerings
10.1.4. Key Strategic Initiatives
10.1.5. SWOT Analysis
10.2. WEG
10.2.1. Company Snapshot
10.2.2. Financial Performance
10.2.3. Product Offerings
10.2.4. Key Strategic Initiatives
10.2.5. SWOT Analysis
10.3. VanSan
10.3.1. Company Snapshot
10.3.2. Financial Performance
10.3.3. Product Offerings
10.3.4. Key Strategic Initiatives
10.3.5. SWOT Analysis
10.4. HCP Pump
10.4.1. Company Snapshot
10.4.2. Financial Performance
10.4.3. Product Offerings
10.4.4. Key Strategic Initiatives
10.4.5. SWOT Analysis
10.5. Leo
10.5.1. Company Snapshot
10.5.2. Financial Performance
10.5.3. Product Offerings
10.5.4. Key Strategic Initiatives
10.5.5. SWOT Analysis
10.6. Proril
10.6.1. Company Snapshot
10.6.2. Financial Performance
10.6.3. Product Offerings
10.6.4. Key Strategic Initiatives
10.6.5. SWOT Analysis
10.7. CNP Pumps
10.7.1. Company Snapshot
10.7.2. Financial Performance
10.7.3. Product Offerings
10.7.4. Key Strategic Initiatives
10.7.5. SWOT Analysis
10.8. Xylem
10.8.1. Company Snapshot
10.8.2. Financial Performance
10.8.3. Product Offerings
10.8.4. Key Strategic Initiatives
10.8.5. SWOT Analysis
10.9. Flowrox
10.9.1. Company Snapshot
10.9.2. Financial Performance
10.9.3. Product Offerings
10.9.4. Key Strategic Initiatives
10.9.5. SWOT Analysis
10.10. WILO SE
10.10.1. Company Snapshot
10.10.2. Financial Performance
10.10.3. Product Offerings
10.10.4. Key Strategic Initiatives
10.10.5. SWOT Analysis
*The List of Company Is Subject To Change During The Final Compilation of The Report
Key Market Players
- Mody Pumps
- WEG
- VanSan
- HCP Pump
- Leo
- Proril
- CNP Pumps
- Xylem
- Flowrox
- WILO SE
Key Market Segments
By Product Type
- Axial & Mixed Flow Pump
- Submersible Pump
- Seal Less & Circular Pump
- Others
By Stage
- Multi Stage
- Single Stage
By Application
- Agriculture
- Commercial & Residential
- Industrial
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- The UK
- Germany
- France
- Spain
- Rest of Europe
- The Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- The Middle East
- Africa