Centrifugal Pump Market to Hit $58.94 Billion by 2030 as 6.4% Growth Holds
Updated
Updated · Yahoo Finance · Aug 17
Centrifugal Pump Market to Hit $58.94 Billion by 2030 as 6.4% Growth Holds
1 articles · Updated · Yahoo Finance · Aug 17
Summary
$58.94 billion is the projected size of the global centrifugal pump market in 2030, up from an estimated $43.29 billion in 2025, according to MarketsandMarkets.
6.4% annual growth is being driven by industrialization, urban population gains and infrastructure spending, alongside rising demand from water and wastewater treatment, power generation, oil and gas, chemicals and food processing.
Single-stage pumps remain the largest segment because their simpler design, lower cost and broad use fit water supply, wastewater, irrigation, HVAC and general industrial applications.
Hydraulic pumps rank as the second-largest operation type, supported by continued use in remote and heavy-duty settings such as oilfields, mining, construction sites and emergency dewatering where electricity is limited or unreliable.
Aging infrastructure, tighter environmental rules and a shift toward energy-efficient electric systems are also sustaining replacement demand across industrial, municipal and commercial markets.