Centrifugal pump market seen reaching $68 billion by 2035

A new market report projects steady growth for the global centrifugal pump industry, with demand rising from $42.4 billion in 2026 to $68.0 billion by 2035. Water infrastructure, oil and gas, industrial manufacturing and efficiency upgrades are driving adoption as Asia-Pacific stays the fastest-growing region.

Why it matters: - Centrifugal pumps sit at the center of water systems, industrial processing, energy operations and agriculture. - The market’s growth points to continued spending on infrastructure, replacement equipment and efficiency upgrades across multiple sectors. - The release also flags a workforce issue: pump installation and commissioning depend on trained millwrights and rotating-equipment technicians, a segment that is aging rapidly across OECD countries.

What happened: - The centrifugal pump market was estimated at $40.2 billion in 2025. - The market is projected to rise from $42.4 billion in 2026 to $68.0 billion by 2035. - The forecast implies a 5.4% compound annual growth rate over the period. - The report was released July 29, 2026.

The details: - Centrifugal pumps move fluids by converting rotational kinetic energy into hydrodynamic energy through an impeller with rotating vanes. - The pumps are used in water and wastewater treatment, oil and gas, chemical processing, power generation, agriculture and HVAC. - Radial flow pumps are the dominant type because they fit high-pressure applications. - Single-stage pumps lead the market because they suit low- to moderate-pressure uses. - Water and wastewater is the largest application segment. - Municipal and residential users are the largest end-user group. - Asia-Pacific is the largest and fastest-growing regional market. - North America, Europe, Latin America, and the Middle East and Africa also remain important markets. - The report says the market is being supported by investment in water and wastewater infrastructure, oil and gas exploration and production, industrial manufacturing, and agricultural irrigation. - Energy-efficient designs, variable frequency drives, digital sensors, predictive maintenance, remote monitoring and advanced materials are reshaping product development. - Computational fluid dynamics, 3D printing, improved impeller geometry, better seals and bearing technology are improving performance and reliability. - Energy-efficiency standards, environmental rules and industrial safety requirements are influencing pump selection and installation. - The report’s sample request and full report are available through More information and the full report.

Between the lines: - The forecast suggests demand is being driven as much by replacement and modernization as by new construction. - Digital monitoring and variable-speed control are becoming part of standard pump value propositions, not just add-ons. - Asia-Pacific’s lead reflects a mix of industrialization, urban growth and infrastructure buildout that continues to outpace mature markets. - The aging technician workforce could become a bottleneck for installation, commissioning and maintenance even as demand rises.

What's next: - Water and wastewater investments are expected to remain a primary growth engine. - Industrial expansion in developing regions should keep demand elevated for process-fluid handling equipment. - Ongoing adoption of efficiency standards and digital maintenance tools is likely to favor higher-specification centrifugal pumps. - Market competition will remain shaped by energy costs, price sensitivity and supply-chain pressures.

The bottom line: - Centrifugal pumps are on track for steady, infrastructure-linked growth through 2035, with efficiency, digitalization and regional buildout driving the next phase of demand.