Overview of the Development of Centrifugal Pumps
A centrifugal pump is a rotary-type power pump that transfers energy to the liquid through the centrifugal force generated by the high-speed rotation of the impeller. The liquid flow direction at the impeller outlet is basically perpendicular to the pump shaft. A centrifugal pump is a type of pump that uses the centrifugal force generated by the rotation of the impeller to transfer liquid from a low-pressure area to a high-pressure area. It is widely used in various fields such as industry, agriculture, construction, and chemical engineering, for transporting different media such as clean water, sewage, and chemical liquids. Centrifugal pumps are widely adopted due to their high efficiency, energy saving, large flow rate, high head, simple maintenance, and stable operation.
Review of Policies in the Centrifugal Pump Industry
In recent years, the government has introduced a series of policies to support the healthy development of the efficient and energy-saving centrifugal pump industry. In March 2024, the Ministry of Industry and Information Technology and other seven departments jointly released the "Implementation Plan for Promoting Equipment Renewal in the Industrial Sector", implementing the promotion of green equipment, promoting the replacement and upgrading of key energy-consuming equipment in various fields such as boilers, motors, heat exchangers, and pumps in the industrial sector, promoting the application of energy efficiency level 2 and above energy-saving equipment, encouraging pump manufacturers to research and develop efficient and energy-saving products, and at the same time encouraging enterprises to adopt intelligent production.
Current Situation of the Centrifugal Pump Industry
1. Global
As a core equipment for fluid transportation, centrifugal pumps have been increasingly applied in urban infrastructure construction worldwide with the continuous advancement of urbanization and industrialization. Since 2017, the global market size of centrifugal pumps has generally shown a trend of first decline and then increase. The global market size of centrifugal pumps is expected to be approximately 58.392 billion US dollars in 2024, with a year-on-year growth of 0.9%.
2. China
1) Market Size and Market Structure by Segments
In recent years, the domestic market size of centrifugal pumps has shown certain fluctuations. Affected by the sluggish demand in traditional industries such as municipal water supply and construction buildings, the market size of centrifugal pumps in China was approximately 125.919 billion yuan in 2024, a year-on-year decrease of 5.02%. According to the number of impellers, centrifugal pumps can be divided into single-stage centrifugal pumps and multi-stage centrifugal pumps. Currently, centrifugal pumps in China are mainly dominated by single-stage centrifugal pumps, with a market share of approximately 64.27% for single-stage centrifugal pumps and 35.73% for multi-stage centrifugal pumps in 2024.
2) Supply and Demand Situation
China has become the world's largest producer of pump products and an important global production base for these products. According to data, in 2024, the output of China's centrifugal pump industry was approximately 147 million units, with a year-on-year increase of 5%, while the demand was approximately 84 million units, a year-on-year decrease of 6.15%. In terms of exports, the export market for centrifugal pump products has gradually expanded. In 2024, the export volume of China's centrifugal pump products reached 65.5 million units, with a year-on-year increase of 17.55%. With the continuous technological progress and improvement in product quality of domestic enterprises, Chinese centrifugal pump products have gradually gained recognition in the international market.
3) Price Trend
The prices of domestic centrifugal pump products vary significantly depending on the brand, model, performance parameters, and the application field at the end-user level. The prices of high-end centrifugal pump products can reach tens of tens of thousands of yuan, while some low-end household products have prices of only a few hundred yuan. In recent years, the average price of the centrifugal pump market in China has shown a downward trend. According to statistics, the average price of centrifugal pumps in China in 2024 was 1,452 yuan per unit.
The industrial chain of centrifugal pumps
1. Chain structure
The upstream of the centrifugal pump industry mainly includes raw materials such as enameled wire, cable wire, castings, and plastics. The fluctuation of their prices has the greatest impact on production costs. Centrifugal pumps are the most widely used pumps. They generate centrifugal force through rotating impellers, drawing liquid from the inlet and pumping it into the pump, and then discharging it through the outlet. Since centrifugal pumps operate based on centrifugal force, they generate high pressure and have a high head. The downstream is widely used in construction, sewage treatment, power, agriculture, and other fields.
2. Downstream
From water supply and drainage, fire protection, HVAC (heating, ventilation, and air conditioning) to water treatment and the construction phase, centrifugal pumps have been applied throughout the entire lifecycle of buildings, and their performance and reliability directly affect the normal operation of the building systems and the user experience. With the continuous and stable growth of China's economy and the rapid advancement of urbanization, the construction industry has also achieved rapid development. As one of the pillars of the national economy, the position of the construction industry remains stable. With the continuous expansion of the production and operation scale of construction enterprises in China, the total output value of the construction industry has continued to increase. In 2015, it was 18.08 trillion yuan, and in 2024, it will increase to 32.65 trillion yuan. The CAGR during the period from 2015 to 2024 is 6.8%.
Competitive landscape of the centrifugal pump industry
1. Revenue of major centrifugal pump enterprises
Compared with the global centrifugal pump market, the distribution of enterprises in the Chinese centrifugal pump market shows a more obvious dispersion. The overall concentration is relatively low, and no comprehensive leading group with absolute market position has yet been formed. From the product structure perspective, the output of domestic enterprises is mainly for general-purpose and mid-to-low-end centrifugal pumps. The layout and competitiveness in the high-end niche fields (such as special working conditions and high cleanliness requirements scenarios) are still behind those of international leading enterprises.
Trends in the centrifugal pump industry
1. The level of intelligence and automation will continue to improve
With the rapid development of technologies such as industrial internet, big data, and artificial intelligence, centrifugal pumps will gradually achieve intelligent control and remote monitoring. By installing sensors and intelligent control systems, enterprises can monitor the operating status of the pumps in real time, detect faults in advance, and perform remote operation and maintenance of the equipment, thereby improving production efficiency and the stability of equipment operation.
2. High Efficiency and Energy Saving
As global energy shortages become more severe and environmental awareness increases, centrifugal pump products with high efficiency and energy saving capabilities will gain increasing popularity in the market. In the future, manufacturers will place greater emphasis on improving the energy efficiency ratio of their products and reducing energy consumption.
3. Acceleration of Industry Integration
Under the backdrop of increasingly fierce market competition, leading enterprises expand their scale through mergers and acquisitions, technology transfer, etc. By integrating resources, enterprises can achieve technology sharing and complementary advantages, increase industry concentration, and promote the development of the industry towards larger scale and more intensive forms.
Huaguan Industry Research Institute conducted a detailed analysis of the current situation and market supply-demand conditions of China's centrifugal pump industry, and conducted in-depth investigations into the upstream and downstream industrial chains and enterprise competition patterns of the industry. This was done to minimize the investment risks and operating costs for enterprises and enhance their competitiveness. Moreover, various data analysis techniques were employed to predict the industry's development trends, enabling enterprises to seize market opportunities promptly. For more detailed information, please refer to the "2026-2032 China Centrifugal Pump Industry Development Potential Assessment and Investment Strategy Planning Report" published by Huaguan Industry Research Institute.
