Centrifugal Pump Market Size

Centrifugal Pump Market Future Prospects

The global centrifugal pump market size stood at USD 41.2 billion in 2024, which is expected to reach USD 65.0 billion by 2032, advancing at a CAGR of 5.9% during 2025–2032. This is primarily due to the surge in the investments in the construction sector, swift urbanization, and rise in the requirement for wastewater management in developed countries.

In addition, the increasing consumer demand for these devices for their homes and various initiatives taken by government bodies, such as stimulating funds and making novel policies for the industrial sector, are augmenting the domain growth. Furthermore, the adoption of the industrial internet of things and digitalization is expected to offer lucrative opportunities for domain expansion.

Additionally, around half the population in the world is set to live in water-stressed regions by the end of 2026, which will drive the demand for water and wastewater treatment setups and, in turn, for these machines. The endorsement of modular designs in these plants leads to a reduction in initial investments, thus converting them into economically viable solutions.

Moreover, APAC countries are witnessing rampant urbanization, high infrastructure investment, and growing disposable income, which offers opportunities for the market outlook. The growing urbanization rate has increased the awareness among consumers about the importance of clean water for the maintenance of a healthy lifestyle, thus providing a greater opportunity to the leading players offering these systems.

The increasing focus on plant modernization in various verticals, such as pharmaceuticals, municipal, and food & beverages, is also expected to boost the domain size in the upcoming period. The requirement for clean water at ample pressure for various operations in these industries is a significant reason for the demand for these systems. In addition, the growth in the sale of machines is due to the advance of the chemical industry due to the rising focus on the adoption of advanced technologies and low cost of these devices.