The Centrifugal Pump market size is projected to reach US$ 41,548.34 million by 2031 from US$ 27,338.55 million in 2023. The market is expected to register a CAGR of 5.4% during 2023–2031. The growing application of centrifugal pumps in wastewater treatment, oil and gas, mining, and modern farming sectors is likely to remain a key trend in the market. The growing population and rising urbanization are increasing the volume of wastewater globally. The increasing number of water and wastewater treatment facilities is one of the major drivers for the growth of the centrifugal pump market. Governments of numerous countries are concentrating on installing proper wastewater treatment capabilities to protect the environment from pollution, which is steering the growth of the centrifugal pump market worldwide.
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Top Key Major Players:-
- Ebara Corporation
- Grundfos Holding A S
- KIRLOSKAR BROTHERS LIMITED
- KSB SE Co KGaA
- PLEUGER INDUSTRIES
- Sulzer Ltd
- The Weir Group PLC
- Tsurumi Manufacturing Co Ltd
- WILO SE
- Xylem Inc