Centrifugal Pump Market Scenario:

The global centrifugal pump market size is projected to reach USD 48.8 billion by 2026 from an estimated value of USD 36.6 billion in 2021, at a CAGR of 5.9%. The key drivers for the centrifugal pump market include intensified demand for water and wastewater management in developed countries; surged investments in global construction industry; high demand for centrifugal pumps from agricultural sector.

The key players in the centrifugal pump market include companies such as Xylem (US), Sulzer (Switzerland), KSB (Germany), Wilo (Germany), Grundfos (Denmark), and Flowserve (US). Major strategies adopted by the players are product launches, contracts & agreements, collaborations, partnerships, and mergers & acquisitions, from January 2017 to January 2017. Contracts & Agreements was the most commonly adopted strategy.

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Grundfos is one of the leading providers of advanced pumps. It offers circulator pumps, centrifugal pumps, submersible motors, and intelligent pump systems and associated accessories. The company caters to the requirements of residential and commercial buildings and HVAC OEM, as well as irrigation and agriculture, water supply, and sewage applications. It provides centrifugal pumps that are mainly used in water and wastewater plants, boilers, pressure boosting systems, and industrial applications.

Flowserve is a manufacturer of flow control systems. It offers aftermarket services for these systems. Its portfolio includes pumps, valves, seals, automation solutions, and aftermarket services to support various end-use industries such as oil and gas, chemicals, power generation (including nuclear, fossil, and renewable energy sources), and water management. Flowserve operates through two business segments, namely, Flowserve Pump Division (FPD) and Flow Control Division (FCD). The company combined its previously reported Engineered Product Division (EPD) and Industrial Product Division (IPD) segments to form one reportable segment, Flowserve Pump Division (FPD). Flowserve offers pumps through this segment. The Flowserve Pump Division manufactures customized pumps and pump systems, mechanical seals, auxiliary systems, replacement parts, and related services used by companies operating in the oil and gas, power generation, petrochemicals, chemicals, water management, and other general industries.

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Recent Developments:

1. In November 2020, Sulzer was awarded a contract from Ringkøbing-Skjern Forsyning A/S (a Danish water utility) to provide pumps for a major flood defense project in Denmark. Two new pumping stations have been constructed to mitigate the impact of rising water levels during rain, drainage, and cloudburst water. Sulzer will supply one XFP baseload pump and three VUPX peak load pumps for the Ringkøbing pumping station, together with one XFP baseload pump and four VUPX peak load pumps for the adjacent Skælbækker station.
2. In May 2020, Wilo expanded its presence with the establishment of a new headquarter and production facility in Cedarburg, Wisconsin, US. The new headquarters will bring the combined operations of Wilo USA, Weil Pump, Scot Pump, and Wilo Machine Co. to a single production site.
3. In April 2020, Pleuger has expanded its presence in Singapore to strengthen its footprint in the Asian market.
4. In July 2019, Xylem launched a new product, Flygt N3069 stainless steel centrifugal pump. It is specifically manufactured for industrial processes containing high chloride or extreme pH levels and helps in corrosion resistance.
5. In January 2019, Atlas Copco introduced a wide range of high-quality electric centrifugal pumps designed specifically for drainage, sludge, and slurry pumping applications. The pumps help in preventing product failure, human errors, sudden loss of voltage, and overheating.