Market Forecast by Countries (United States, Canada), By Pump Type (Overhung Impeller, Vertically Suspended, Between Bearing), By Stage (Single Stage, Multistage), By End User (Industrial, Commercial and Residential) And Competitive Landscape
Product Code: ETC059515 | Publication Date: May 2021 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Centrifugal Pumps Market |
Forecast Period | 2025-2031 |
Forecast Size | USD 0.903 billion By 2031 |
CAGR | 0.055 |
Growing Sector | Non-Residential/Infrastructure |
North America Cement Market report thoroughly covers the market By Countries, By Pump Type, By Stage and By End User. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Centrifugal pumps Market was valued at USD 0.6538 billion and is expected to reach USD 0.903 billion , growing at a CAGR of around 5.5% from 2025-2031. The market growth can be attributed to the increasing demand for centrifugal pumps in various industries such as oil and gas, chemical, power generation, wastewater treatment, and others. Moreover, the growing focus on energy-efficient solutions and technological advancements in pump design are also driving the growth of the centrifugal pumps market in North America.
One of the major drivers for this market is the rising demand from the non-residential/infrastructure sector. With rapid urbanization and industrialization in countries like the US and Canada, there is a significant increase in construction activities, leading to an increased demand for centrifugal pumps. These pumps are used for applications such as water supply, HVAC systems, sewage handling, and process cooling in various commercial and industrial buildings.
North America Centrifugal pumps Market has shown remarkable resilience and growth, navigating through infrastructural development, urbanization, and industrial expansion. This market is significantly influenced by the surge in construction projects across the continent, ranging from roads and bridges to housing and commercial structures. Factors such as population growth and governmental emphasis on infrastructure development have further propelled the demand for cement.
According to 6Wresearch, the North America Centrifugal pumps Market size is anticipated to grow, reaching at a CAGR of 5.5% during the forecast period of 2025-2031. The market is expected to witness significant growth due to the increasing demand for centrifugal pumps in various industries such as oil and gas, chemical, power generation, wastewater treatment, and others. Moreover, the growing focus on energy-efficient solutions and technological advancements in pump design are also driving the growth of the centrifugal pumps market in North America.
Another factor propelling the growth of the North America centrifugal pumps market is the increase in investments in oil and gas exploration and production activities. With a large number of oil fields located in this region, there is a continuous need for efficient pumping systems to extract crude oil and transport it to refineries. This has led to significant demand for centrifugal pumps, especially in the upstream sector.
The North America centrifugal pumps market is witnessing several trends that are shaping the industry and driving its growth. One of the major trends in this market is the shift towards energy-efficient solutions. With increasing awareness about environmental sustainability and rising energy costs, industries are looking for more efficient pumping systems to reduce their operational costs and carbon footprint. This has led to the development of advanced pump designs and technologies that offer higher efficiency and lower energy consumption.
Another trend seen in this market is the adoption of smart pump technology, which uses sensors, internet connectivity, and data analytics to monitor pump performance in real-time and optimize its operation. These intelligent pumps can automatically adjust their speed and flow rate based on demand, leading to energy savings and improved pump lifespan. In addition, the integration of remote monitoring and control systems with these pumps has made it easier for industries to manage their pumping systems from a centralized location.
The North America centrifugal pumps market is also witnessing a rise in the use of sustainable materials for pump construction. With an increased focus on reducing environmental impact, manufacturers are using materials such as polymer composites instead of traditional metals to make their pumps more lightweight, corrosion-resistant, and energy-efficient. This trend is expected to continue in the coming years as sustainability becomes a key consideration for industries across various sectors.
The North America centrifugal pumps market presents lucrative investment opportunities for both existing and new players in the industry. With increasing demand from various end-use industries, there is a growing need for manufacturers to expand their production capacities and invest in research and development to develop advanced pump designs. Moreover, the rise in government initiatives towards infrastructure development and energy efficiency is also creating significant opportunities for pump manufacturers.
Additionally, with the growing trend of smart pump technology, there is an opportunity for companies to offer innovative solutions and services such as remote monitoring and predictive maintenance to their customers. This can help them establish long-term relationships with clients and create a competitive advantage in the market.
Furthermore, as sustainability becomes a key consideration for industries, there is a growing demand for eco-friendly pumps. This presents an opportunity for manufacturers to invest in the development of sustainable materials and technologies for pump construction.
Some of the leading players in the North America centrifugal pumps market include Xylem Inc., Grundfos, Sulzer Ltd., Flowserve Corporation, ITT Goulds Pumps Inc., and Kirloskar Brothers Limited. These companies are constantly expanding their product portfolios and investing in research and development to offer innovative solutions to their customers. In addition, they are also adopting strategies such as partnerships, collaborations, and mergers and acquisitions to strengthen their market position.
The North America centrifugal pumps market is also subject to various regulations and standards set by governments and regulatory authorities. For instance, the U.S. Environmental Protection Agency has established guidelines for energy efficiency and emissions in different industries, including pump manufacturing. Compliance with these regulations not only ensures the safety and quality of pumps but also helps companies gain a competitive advantage in the market.
Moreover, governments are also promoting the adoption of energy-efficient solutions through incentives and subsidies, further driving the growth of the centrifugal pumps market in North America.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Dhaval, Research Manager, 6Wresearch, The US centrifugal pumps market is expected to dominate the North America region during the forecast period. Factors such as increasing investments in oil and gas exploration activities, growing demand for energy-efficient solutions, and government initiatives towards infrastructure development are driving the growth of this market in the country.
Among the different types of centrifugal pumps, overhung impeller pumps are expected to dominate the market in North America. This can be attributed to their widespread use in various industries, including oil and gas, chemical processing, water and wastewater treatment, and power generation. These pumps offer high efficiency, low maintenance costs, and easy installation, making them a popular choice among end-users.
In terms of stage, the single-stage centrifugal pumps are expected to dominate the market in North America. These pumps are widely used in industrial and commercial applications due to their simplicity, low cost, and high flow rate capabilities. On the other hand, multistage centrifugal pumps find extensive usage in high-pressure applications such as oil and gas, where a higher head is required.
The industrial sector is expected to dominate the North America centrifugal pumps market in terms of end-user. In industries such as oil and gas, water and wastewater treatment, chemical processing, power generation, and mining, centrifugal pumps are extensively used for various applications including fluid transfer, circulation, and boosting processes. With increasing investments in these industries and rising demand for efficient pumping solutions, the industrial sector is likely to drive the growth of the market during the forecast period.
The report offers a comprehensive study of the subsequent market segments: