Centrifugal Pump & Positive Displacement Pump Market Size, Share, Growth, and Industry Analysis, By Type (Axial Flow Pumps,Mixed or Radial Flow Pumps,Peripheral Pumps,Jet Pumps), By Application (Domestic water and wastewater,Petroleum industrial,Chemical industrial,Food and beverage,Mining industrial,Others), Regional Insights and Forecast to 2033

Centrifugal Pump & Positive Displacement Pump Market Overview

The Centrifugal Pump & Positive Displacement Pump Market size was valued at USD 34095.86 million in 2024 and is expected to reach USD 42369.87 million by 2033, growing at a CAGR of 2.4% from 2025 to 2033.

The global market for centrifugal and positive displacement pumps is witnessing significant growth, driven by increasing demand across various industries. In 2024, the market size was estimated at approximately USD 34.1 billion, with projections indicating a rise to USD 42.37 billion by 2033. Centrifugal pumps, known for their efficiency in handling large volumes of fluids, are extensively used in water treatment, chemical processing, and oil & gas industries. Positive displacement pumps, valued for their precision in handling viscous fluids, find applications in pharmaceuticals, food & beverage, and chemical sectors. The integration of advanced technologies and the push for energy-efficient solutions are further propelling market growth.

Key Findings

Top Driver Reason: Rising demand for energy-efficient pumping solutions across industrial sectors.

Top Country/Region: Asia-Pacific leads the market, accounting for approximately 39.92% share in 2023.

Top Segment: Centrifugal pumps dominate the market, with a significant share attributed to their widespread application in various industries.

Centrifugal Pump & Positive Displacement Pump Market Trends

The centrifugal pump & positive displacement pump market is undergoing a transformative phase, driven by rapid industrialization, technological innovation, and increased infrastructure spending across both developed and emerging economies. One of the dominant trends reshaping the market is the rising demand for energy-efficient and smart pumping solutions. Manufacturers are integrating intelligent controls, sensors, and Internet of Things (IoT) capabilities into pump systems to optimize performance and reduce energy consumption. In 2023, more than 27% of newly sold centrifugal pumps globally featured smart control technologies, highlighting a growing preference for automation and real-time monitoring. Another significant trend is the global focus on sustainable water and wastewater management, where government-funded initiatives and public-private partnerships are pushing adoption of high-efficiency pumps. For instance, over 3,500 municipal water facilities in Asia-Pacific upgraded their pump systems in the past year to meet new energy benchmarks and water purity standards. In the industrial sector, the use of specialty and application-specific pumps is on the rise. Sectors like pharmaceuticals, chemical processing, and food & beverage are demanding more customized pump solutions that can handle corrosive, viscous, or highly reactive fluids. In 2023, positive displacement pumps used in pharmaceutical applications grew by 9.2% in unit demand, driven by global expansion in vaccine and injectable drug manufacturing. Additionally, magnetically coupled and seal-less pump technologies are gaining traction in industries that prioritize zero-leakage and hygienic fluid handling, especially in cleanroom environments and hazardous chemical processing plants. Digitalization and predictive maintenance platforms are also reshaping the competitive landscape. Over 42% of major pump manufacturers have invested in developing or licensing AI-powered platforms that allow operators to predict failures, schedule maintenance, and reduce unscheduled downtime. These advancements are helping companies minimize total cost of ownership, a key buying criterion for industrial customers. Finally, the push for material innovation and advanced manufacturing is leading to the introduction of lighter, more durable, and corrosion-resistant pump components. The use of carbon fiber composites, stainless steel alloys, and engineered plastics has increased significantly—contributing to a 17% improvement in product lifespan and up to 22% reduction in maintenance frequency for high-duty applications. Overall, the centrifugal pump & positive displacement pump market is evolving rapidly, with trends centered on intelligence, efficiency, customization, and sustainability that are redefining how industries approach fluid management.

Centrifugal Pump & Positive Displacement Pump Market Dynamics

DRIVER

Rising Demand for Energy-Efficient Pumping Solutions

The global emphasis on energy conservation is pushing industries to adopt pumps that offer higher efficiency. Energy-efficient pumps not only reduce operational costs but also align with environmental regulations. For instance, the integration of variable frequency drives (VFDs) in pump systems allows for better control and reduced energy consumption.

RESTRAINT

High Initial Investment Costs

While advanced pump systems offer long-term benefits, the initial investment required for procurement and installation can be substantial. Small and medium-sized enterprises (SMEs) may find it challenging to allocate resources for such capital-intensive equipment, potentially hindering market growth.

OPPORTUNITY

Expansion in Water & Wastewater Treatment Sector

The increasing need for clean water and effective wastewater management presents significant opportunities for pump manufacturers. Governments worldwide are investing in infrastructure projects aimed at improving water treatment facilities, thereby boosting the demand for reliable and efficient pumps.

CHALLENGE

Maintenance and Operational Complexities

Advanced pump systems, while efficient, often come with complex maintenance requirements. Ensuring the availability of skilled personnel for maintenance and addressing operational challenges can be a hurdle, especially in regions with limited technical expertise.

Centrifugal Pump & Positive Displacement Pump Market Segmentation

By Type

• Domestic Water and Wastewater: Pumps in this segment are crucial for residential water supply and sewage management. The growing urban population is increasing the demand for efficient domestic water and wastewater pumps.
• Petroleum Industry: The oil & gas sector relies heavily on robust pump systems for extraction, refining, and transportation processes. The volatility in oil prices can influence investment in this segment.
• Chemical Industry: Handling corrosive and hazardous chemicals requires specialized pumps. The chemical industry's growth directly impacts the demand for such equipment.
• Food and Beverage: Hygiene and precision are paramount in this sector. Positive displacement pumps are preferred for their ability to handle viscous fluids without contamination.
• Mining Industry: Pumps are essential for dewatering and transporting slurries in mining operations. The expansion of mining activities globally is driving demand in this segment.
• Others: This includes sectors like pharmaceuticals, power generation, and construction, each with specific pump requirements.

By Application

• Axial Flow Pumps: Suitable for applications requiring high flow rates at low pressures, such as flood control and irrigation.
• Mixed or Radial Flow Pumps: Versatile in handling various flow and pressure conditions, making them suitable for water treatment and industrial processes.
• Peripheral Pumps: Ideal for low-flow, high-pressure applications, commonly used in boiler feed and water supply systems.
• Jet Pumps: Utilized in deep well applications and water supply systems, especially in areas where submersible pumps are not feasible.

Centrifugal Pump & Positive Displacement Pump Market Regional Outlook

• North America

The North American market is characterized by advanced infrastructure and a strong emphasis on technological innovation. The U.S. leads in adopting smart pump systems, driven by the need for energy efficiency and compliance with environmental regulations.

• Europe

Europe's focus on sustainability and stringent environmental norms is propelling the demand for energy-efficient pumps. Countries like Germany and the UK are investing in upgrading their water treatment and industrial facilities, boosting the pump market.

• Asia-Pacific

Asia-Pacific dominates the global pump market, with countries like China and India at the forefront. Rapid industrialization, urbanization, and infrastructure development are key drivers. The region's commitment to improving water management systems further enhances market prospects.

• Middle East & Africa

The Middle East's oil & gas industry significantly contributes to the demand for pumps. Additionally, water scarcity issues in the region are leading to investments in desalination and water treatment projects, requiring advanced pumping solutions.

List of Top Centrifugal Pump & Positive Displacement Pump Market Companies

• Grundfos
• Flowserve
• ITT
• KSB
• Sulzer
• Ebara
• Schlumberger
• Weir Group
• Wilo AG
• Idex
• Pentair
• Clyde Union
• Vano
• Atlas Copco
• DAB
• FNS Pumps
• Allweiler
• Shanghai Kaiquan
• FengQiu
• Shandong Sure Boshan
• LEO
• CNP
• Sanlian Pump Group
• Hunan Changbeng
• Shanghai East Pump
• Shandong Shuanglun
• NETZSCH
• PROCON
• Blackmer
• Viking Pump
• Unibloc-Pump
• Lakeside Equipment
• CEMO Pumps
• Mingzhu M&E
• Huangshan RSP
• Hangzhou Xinglong Pump
• Nanjing Pump

Top Two Companies with Highest Market Share

• Grundfos: Grundfos is recognized as one of the largest pump manufacturers globally, holding a significant share of the centrifugal pump segment. The company produces over 17 million pump units annually, including circulator pumps, submersible pumps, and centrifugal pumps. Grundfos has a strong presence in more than 56 countries and operates with a workforce of approximately 19,000 employees. In 2023, Grundfos' focus on sustainability and energy-efficient technology placed it ahead of many competitors, especially in Europe and North America.
• Flowserve Corporation: Flowserve is a leading global supplier of industrial and engineered pumps, valves, and seals. With operations in over 55 countries, Flowserve employs more than 15,000 people and manages more than 180 quick response centers worldwide. The company is particularly strong in positive displacement pumps and has a dominant footprint in oil & gas, power, and chemical processing sectors. In 2023, Flowserve maintained its market-leading position through ongoing investments in smart pumping technologies and predictive maintenance systems.

Investment Analysis and Opportunities

The centrifugal pump & positive displacement pump market is attracting substantial investments globally, driven by infrastructure development, industrial automation, and increased environmental regulation compliance. In 2023 alone, over $1.3 billion in strategic capital was injected into new production facilities, R&D centers, and digital integration efforts in the industrial pump sector. In Asia-Pacific, India and China are leading the investment charge due to massive urbanization and industrial expansion. China's 2023 “Smart Manufacturing” initiative allocated more than $450 million toward the upgrade of pumping systems in municipal and industrial sectors, specifically focused on centrifugal pump solutions. In India, the government’s Jal Jeevan Mission has intensified demand for water and wastewater pumps, generating an influx of investments in localized production units. In North America, companies are investing heavily in retrofitting legacy systems with IoT-enabled centrifugal and positive displacement pumps. In 2024, the U.S. Department of Energy backed a project worth $78 million focused on increasing energy efficiency in pumping systems used in power generation and manufacturing. Europe’s strong push toward decarbonization and renewable energy sources is also a key investment driver. Germany and France have announced public-private partnerships worth €300 million to develop energy-efficient pumping technologies. European companies are shifting investments toward intelligent pump monitoring systems and cloud-based diagnostics. Private equity and venture capitalists are targeting niche segments of the centrifugal pump & positive displacement pump market, such as chemical process pumps and biopharmaceutical metering pumps, with over $220 million raised in 2023 across startup funding rounds globally. The centrifugal pump & positive displacement pump market is positioned as a lucrative opportunity for investors, OEMs, and component suppliers looking to capitalize on the wave of modernization sweeping through fluid-handling industries worldwide.

New Product Development

Product innovation is the cornerstone of competitiveness in the centrifugal pump & positive displacement pump market. In the last 12 months, over 115 new models were introduced globally, spanning both centrifugal and positive displacement pump technologies. These innovations cater to diverse sectors such as oil & gas, water treatment, food & beverage, pharmaceuticals, and mining. Grundfos recently unveiled its NB-E Series centrifugal pumps featuring integrated frequency converters and real-time energy optimization, capable of reducing power consumption by up to 25% in municipal and industrial applications. This new product line is already deployed in more than 3,000 installations worldwide as of early 2024. Flowserve has expanded its Durco Mark 3 ISO pump series, designed specifically for aggressive chemical processes. These new models are constructed using advanced duplex stainless steels, increasing corrosion resistance by up to 70% compared to older materials. Flowserve's R&D division reported a 12% increase in product testing throughput due to faster prototyping systems launched in Q3 2023. In the positive displacement pump category, NETZSCH has introduced T.Sonic®, a twin-screw pump series with modular design. These units offer precision dosing within 1.5% margin of error, making them ideal for pharmaceutical and food applications. Their noise-reduction systems also cut decibel output by 30%, making them among the quietest in their category. Another innovation wave is happening in 3D printing for custom pump parts, allowing for on-demand manufacturing of impellers, seals, and casings. ITT has invested in hybrid production lines that reduce lead times by 40%, significantly enhancing time-to-market for new centrifugal pump configurations. Digital twins are now an integral part of new product development. KSB and Wilo AG are using real-time simulation tools to evaluate pump performance under various fluid and pressure conditions, reducing R&D costs by up to 20%. This allows rapid iteration and greater customization across industrial and municipal applications.

Five Recent Developments

• Grundfos launched a new line of energy-efficient pumps equipped with advanced monitoring systems, aiming to reduce energy consumption by up to 20%.
• Flowserve introduced a smart pump series with IoT integration, enabling predictive maintenance and real-time performance tracking.
• ITT expanded its manufacturing facilities in Asia to cater to the growing demand in the region, enhancing its global supply chain.
• KSB developed a new range of pumps specifically designed for the chemical industry, focusing on handling corrosive substances with improved safety features.
• Sulzer collaborated with a tech firm to integrate AI-driven analytics into their pump systems, aiming to optimize performance and reduce operational costs.

Report Coverage of Centrifugal Pump & Positive Displacement Pump Market

The report on the centrifugal pump & positive displacement pump market offers a comprehensive analysis of the current market structure, technological landscape, and regional distribution across key sectors. Covering over 35 global and regional manufacturers, the report evaluates pump types, applications, materials, and operating specifications. It includes a segmentation breakdown by type—domestic water and wastewater, petroleum, chemical, food and beverage, mining, and others—and by application—axial flow, mixed or radial flow, peripheral, and jet pumps. Each segment is analyzed with real-world installation data, manufacturing volume trends, and end-user industry shifts. In 2023, over 18.7 million centrifugal pumps were deployed globally across industries, while positive displacement pumps accounted for more than 5.4 million units, particularly in high-viscosity and precision-dosing applications. The report evaluates over 140 end-use scenarios, highlighting fluid types, flow rate ranges, pressure ratings, and material compatibility to help stakeholders align technical specifications with operational requirements. Special emphasis is given to application-specific pump performance metrics, such as energy consumption benchmarks, seal life, impeller wear resistance, and MTBF (Mean Time Between Failure). The study draws insights from more than 1,200 verified operational sites worldwide, ensuring accurate representation of real-time pump performance in field conditions. Furthermore, the report provides an exhaustive regional analysis that covers North America, Europe, Asia-Pacific, and the Middle East & Africa. Each regional section is supported by detailed figures—such as the number of industrial installations (e.g., over 9,200 new pump stations commissioned in Asia-Pacific during 2023)—and outlines key infrastructure developments and regulatory frameworks affecting procurement and usage. The competitive landscape features company benchmarking based on production capacity, product innovation score, international presence, and maintenance support offerings. Grundfos, Flowserve, and ITT rank among the top performers across all categories. Emerging technology analysis within the report highlights trends such as the integration of smart sensors, AI-based diagnostics, magnetically driven impellers, and additive manufacturing for component customization. In 2023, over 36% of R&D budgets among top pump manufacturers were directed toward digitalization and predictive maintenance platforms. The report also identifies over 80 investment and merger activities that have reshaped market share dynamics in the past 24 months. With data-driven insights, engineering metrics, and competitive intelligence, this report serves as a critical tool for manufacturers, investors, and procurement specialists navigating the evolving centrifugal and positive displacement pump market.

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