Centrifugal Pump Market Is Projected to Grow in USD 59.95 billion by 2032

The global centrifugal pump market size was USD 33.69 billion in 2023 and is projected to grow from USD 35.53 billion in 2024 to USD 59.95 billion by 2032, exhibiting a CAGR of 6.76% during the forecast period. Asia Pacific dominated the global market with a share of 39.92% in 2023. The Centrifugal Pump market in the U.S. is projected to grow significantly, reaching an estimated value of USD 5.99 billion by 2032, driven by the growing demand for water pumps from construction and infrastructure development projects.

The latest study, Centrifugal Pump Market 2025, published by FBI, offers in-depth insights into both regional and global markets, which are projected to grow significantly from 2025 to 2032. This comprehensive report examines evolving market dynamics, value chain analysis, key investment areas, competitive landscape, regional trends, and essential market segments.

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Key Takeaways

• The report analyzes competitive dynamics by assessing company strategies, technological capabilities, geographical presence, revenue performance, and major strategic initiatives by leading players in the Centrifugal Pump market.

• The global Centrifugal Pump market is moderately consolidated, with prominent companies actively engaged in partnerships, innovations, and pilot projects.

• The study incorporates qualitative insights such as Centrifugal Pump market drivers, restraints, challenges, opportunities, regulatory frameworks, pricing trends, and Porter’s Five Forces analysis across North America, Europe, Asia-Pacific, and LAMEA regions.

• Latest developments, including government policy initiatives, R&D breakthroughs, and infrastructure projects related to hydrogen and renewable gas production, are evaluated across 18 countries in 4 regions.

• Over 2,500 relevant publications—including technical white papers, project reports, annual filings, and industry journals—have been reviewed to provide high-value intelligence on the Centrifugal Pump Market.

Market Segmentation

The Centrifugal Pump Market is segmented based on

• By Type:

  • Single-stage

  • Multi-stage

• By Application:

  • Water & Wastewater

  • Oil & Gas

• By Region:

  • North America, Europe, Asia-Pacific

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Regional/Country Market Outlook

Europe dominates the Centrifugal Pump market owing to strong political support, mature renewable energy infrastructure, and significant investment in hydrogen technology. Germany, the Netherlands, France, and Denmark are leading with large-scale pilot projects and hydrogen-ready infrastructure.

Asia-Pacific is emerging as a key region due to rising renewable capacity and strategic hydrogen programs in countries like Japan, South Korea, China, and Australia.

Competitive Landscape

Major companies operating in the Centrifugal Pump market include:

LIST OF TOP PORTABLE POWER STATION COMPANIES:

• GOAL ZERO (U.S.)

• BLUETTI Power Inc (U.S.)

• Jackery Inc (U.S.)

• EcoFlow (China)

• Lion Energy (U.S.)

• Shenzhen Sungzu Technology Co., Ltd (China)

• iForway (China)

• Anker Technology (U.K.) Ltd (U.K.)

• Shenzhen Lipower Energy Co., Ltd (China)

• Duracell Power (U.S.)

• Klein Tools (U.S.)

These players focus on partnerships, demonstration projects, and technological enhancements to gain a competitive edge.

Industry Trends

• Companies are investing in advanced technologies to improve efficiency and scalability.

Key Benefits for Stakeholders

• Provides quantitative and qualitative insights into the global Centrifugal Pump market dynamics and opportunities from 2025–2032

• Informs decision-making with Porter's Five Forces analysis and in-depth segmentation by technology, application, and region

• Maps major contributing countries by revenue and policy support

• Benchmarks leading market players and strategic initiatives

• Highlights government regulations and project funding to guide investment and development strategies

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