How Big Is the Centrifugal Pump Market | Demand Trends & Forecast 2025

Q: What is the current size and forecast of the centrifugal pump market?

The market was valued at USD 38.5 billion in 2024 and is projected to reach USD 55.7 billion by 2031 at a CAGR of 5.4%.

Q: Which sectors are driving demand?

Water treatment, agriculture, oil & gas, chemicals, and building services.

Q: What are key growth drivers?

Infrastructure expansion, irrigation demand, and push for energy-efficient pumping.

Q: What challenges does the industry face?

Operational inefficiencies in legacy systems, high maintenance costs, and supply chain disruptions.

Q: How does 6W market outlook report help businesses in making decisions?

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

Q: Do you also provide customisation in the market study?

Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

Code: MTA4774

Publication Date: Jul 2025

How big is the Centrifugal Pump Market?

According to 6Wresearch internal database and industry insights, the Global Centrifugal Pump Market was valued at approximately USD 38.5 billion in 2024 and is projected to reach USD 55.7 billion by 2031, growing at a CAGR of 5.4% during the forecast period.

This growth is driven by rising demand in agriculture, water treatment, construction, oil & gas, and chemical processing industries, coupled with increased infrastructure development in emerging economies.

Key Growth Drivers of the Centrifugal Pump Market

Urbanization-led expansion of municipal water supply and wastewater systems
Growing industrialization across Asia-Pacific, Africa, and Latin America
Surging demand for irrigation pumps in agriculture due to shifting climate patterns
Strong oil & gas sector investments in upstream and midstream activities
Government-backed infrastructure and smart city projects enhancing utility demand

Centrifugal Pump Market Trends

Centrifugal pump market trends include increased focus on energy-efficient pumps and variable frequency drives (VFDs) to reduce operational costs. Smart pumps with real-time monitoring, diagnostics, and remote-control capabilities are being widely adopted across water utilities and industrial plants. Chemical-resistant pumps are gaining traction in process industries. In agriculture, solar-powered centrifugal pumps are seeing increased deployment to cut energy reliance. Additionally, customization for specific end-use applications is becoming a priority among OEMs.

Emerging Developments in the Centrifugal Pump Market

The new trends involve the use of AI to monitor the condition of pumps, preventing failure in advance. New composite materials that are more advanced are also being considered by the companies so that they can be able to add more corrosion resistance and lightweight. There will be modular pump skid combinations being introduced that will permit them to be plug-and-play in all types of industries. Hybrid/multi-purpose centrifugal pumps are starting to fill multifunctional processes. HVAC, and plumbing, are also adopting low-noise, energy-saving centrifugal pumps through green building endeavors.