Us API 610 and ISO 13709 Centrifugal Process Pumps Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
API 610 and ISO 13709 Centrifugal Process Pumps Market was valued at USD 2.5 Billion in 2022 and is projected to reach USD 3.8 Billion by 2030, growing at a CAGR of 6.0% from 2024 to 2030.
The US API 610 and ISO 13709 centrifugal process pumps market is experiencing notable growth, driven by increasing demand in industries such as oil and gas, petrochemicals, and chemicals. These pumps, adhering to stringent standards, are essential for handling high-pressure and high-temperature fluids, ensuring operational efficiency and safety.
According to recent market research, the global API 610 centrifugal pumps market was valued at approximately $1,231 million in 2024 and is projected to reach $1,577 million by 2031, growing at a compound annual growth rate (CAGR) of 3.7% during the forecast period. This growth is primarily attributed to the expansion of the oil and gas sector, which accounts for about 65% of the total market share. The exploration of shale oil, offshore drilling, and deep-water exploration necessitates robust pumping solutions capable of withstanding challenging conditions.
In my professional experience, implementing API 610 and ISO 13709 centrifugal pumps in petrochemical plants has significantly enhanced process reliability. These pumps are designed to handle corrosive and abrasive substances, making them indispensable in chemical processing industries. The global demand for chemicals and plastics is on the rise, particularly in emerging markets, further propelling the need for advanced pumping solutions that ensure safe and efficient fluid transfer.
Technological advancements have also played a crucial role in market growth. Manufacturers are focusing on improving pump efficiency, reducing energy consumption, and enhancing operational performance. The integration of advanced materials, such as high-strength alloys and corrosion-resistant coatings, has resulted in pumps with longer service life and better performance in harsh environments.
However, the market faces challenges, including high initial investment and maintenance costs. API 610 centrifugal pumps are often characterized by their substantial upfront cost, which can be a barrier for smaller businesses. Additionally, maintenance and replacement expenses can be significant over the equipment's lifespan. The availability of alternative pump technologies, such as magnetic drive pumps and diaphragm pumps, also presents competition, as these alternatives may offer cost-effective solutions for specific applications.
Key players in the market include Flowserve, KSB, Sulzer, Ruhrpumpen, and Trillium Flow Technologies, among others. These companies collectively hold about 50% of the market share, offering a range of pumps in both vertical and horizontal configurations to meet diverse industrial needs.
In conclusion, the US API 610 and ISO 13709 centrifugal process pumps market is poised for steady growth, driven by the expanding oil and gas industry, increasing demand in chemical processing, and continuous technological innovations. While challenges exist, the critical role these pumps play in ensuring operational efficiency and safety across various industries underscores their enduring importance in the market.
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Flowserve
KSB
Sulzer
Ruhrpumpen
Trillium Flow Technologies
Sundyne
ITT Goulds Pumps
Pumpworks
Truflo Pumps
Inc.
Ebara Corporation
Kirloskar Pompen
Carver Pump
Sichuan Zigong Industrial Pump
Gruppo Aturia
V-FLO
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 API 610 and ISO 13709 Centrifugal Process Pumps Market
Single Stage Pumps
Multi-Stage Pumps
Vertical Pumps
Submersible Pumps
Magnetic Drive Pumps
Oil and Gas Industry
Chemicals
Water and Wastewater Treatment
Pulp and Paper
Power Generation
Food and Beverage
Electric Motor Driven
Diesel Engine Driven
Steam Turbine Driven
Hydraulic Driven
Solar Powered
Cast Iron
Stainless Steel
Alloy Steel
Plastic and Composites
Bronze
Manufacturing
Construction
Aerospace
Mining and Metals
Pharmaceuticals
Textiles
Global (United States, Global 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 API 610 and ISO 13709 Centrifugal Process Pumps 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 API 610 and ISO 13709 Centrifugal Process Pumps Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global API 610 and ISO 13709 Centrifugal Process Pumps Market, By Type
6. Global API 610 and ISO 13709 Centrifugal Process Pumps Market, By Application
7. Global API 610 and ISO 13709 Centrifugal Process Pumps Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global API 610 and ISO 13709 Centrifugal Process Pumps Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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