Regional Analysis of the Centrifugal Pump Market: Growth Trends and Opportunities
The centrifugal pump market was estimated at USD 37.91 billion in 2022 and is likely to grow at a CAGR of 5.81% during 2023-2028 to reach USD 53.32 billion in 2028.
Centrifugal pumps majorly find use in moving water or any other fluid, inducing the flow by building up the pressure of the fluid. The pumps are of different types such as overhung impellers, vertically suspended, and between bearings.