Centrifugal Immersion Pump Market size was valued at USD 1.2 Billion in 2024 and is projected to reach USD 2.5 Billion by 2033, exhibiting a CAGR of 9.3% from 2026 to 2033.
In 2022, the global centrifugal pump market was valued at approximately $32.79 billion and is projected to reach $39.72 billion by 2029, reflecting a compound annual growth rate (CAGR) of 2.8% during the forecast period. The Asia Pacific region held the largest market share, with a valuation of $20.5 billion in 2024, and is expected to register the highest CAGR of 6.5% in the upcoming period. This growth is primarily attributed to swift economic development in countries such as China, India, and Japan, which have seen rapid industrialization and urbanization. In India, the centrifugal pumps market generated revenue of $4,144.6 million in 2022 and is projected to reach $6,177.1 million by 2030, growing at a CAGR of 5.1% from 2023 to 2030. The increasing demand for centrifugal immersion pumps in the Asia Pacific region is driven by the expansion of the industrial sector, lower manufacturing costs, and strong governmental support. Additionally, the regions growing oil and gas sector presents substantial opportunities for heightened demand for high centrifugal pumps. In North America, factors such as the presence of a well established industrial base and advanced infrastructure contribute to market growth. Europe also holds a significant share, characterized by substantial investments in the oil and gas sector and developments in the construction industry.
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Centrifugal Immersion Pump Market
Oil and Gas
Chemicals and Petrochemicals
Water and Wastewater Management
Food and Beverage
Pharmaceuticals
Vertical Centrifugal Pumps
Horizontal Centrifugal Pumps
Submersible Centrifugal Pumps
Stainless Steel
Ductile Iron
Cast Iron
Plastic
Composite Materials
Low Capacity Pumps (up to 50 m³/h)
Medium Capacity Pumps (50 m³/h to 300 m³/h)
High Capacity Pumps (over 300 m³/h)
Electric Driven
Diesel Driven
Hydraulic Driven
Pneumatic Driven
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Centrifugal Immersion Pump Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Centrifugal Immersion Pump Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Centrifugal Immersion Pump Market, By Type
6. Global Centrifugal Immersion Pump Market, By Application
7. Global Centrifugal Immersion Pump Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Centrifugal Immersion Pump Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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