MarketsandMarkets projects the global centrifugal pump market will grow from an estimated $43.29 billion in 2025 to $58.94 billion by 2030, representing a compound annual growth rate (CAGR) of 6.4%. The market was valued at $41.33 billion in 2024.
Demand is being supported by investments in water and wastewater treatment, power generation, oil and gas, chemicals and food processing, as well as construction activity requiring HVAC, firefighting and building water supply systems. MarketsandMarkets also identifies replacement of aging infrastructure and the shift toward energy-efficient, electrically driven pumping systems as market drivers.
By stage, the market is divided into single-stage and multistage pumps. Single-stage pumps are used in low- to medium-head, high-flow applications including water supply, wastewater treatment, irrigation, HVAC and general industrial processes. The report identifies the single-stage segment as the fastest-growing, with a CAGR of 6.6%.
By operation type, the market includes electrical, hydraulic and air-driven pumps. The electrical segment is expected to dominate and is projected to grow from $33.07 billion in 2025 to $45.44 billion in 2030, at a CAGR of 6.6%. Hydraulic centrifugal pumps remain in use in remote, off-grid and heavy-duty applications including oil and gas fields, mining, construction sites and emergency dewatering.
Asia Pacific is forecast to be the fastest-growing regional market, with its value projected to rise from $18.86 billion in 2025 to $26.17 billion in 2030, a CAGR of 6.8%. MarketsandMarkets attributes regional demand to industrialization, urbanization and infrastructure investment, including water and wastewater treatment, power generation, manufacturing, irrigation and HVAC systems.
Key companies identified in the report include Grundfos Holding A/S, Xylem, Flowserve Corporation, KSB SE & Co. KGaA, Wilo SE, Sulzer, Ebara, The Weir Group, ITT and CIRCOR International.
