Vertical multistage centrifugal pump, mainly used for filtering and conveying clean water and liquids with similar physical and chemical properties in water plants, is an efficient and reliable conveying equipment. It is composed of multiple centrifugal pumps with the same function, and the medium pressure relief port of each pump is connected to the inlet of the next stage, forming a series structure. The vertical multistage centrifugal pump adopts a standard vertical motor and a quick installation mechanical seal, which is very easy to replace, and its overcurrent part is made of stainless steel material, which can be used for mildly corrosive media. ‌

Overview of Market Development

In recent years, with the advancement of industrialization and urbanization in the US, the demand for vertical multistage centrifugal pumps has continued to grow, driving steady market expansion. According to our research data, the estimated market size of vertical multistage centrifugal pumps in the US in 2024 is $738 million, an increase of 3.23% compared to 2023, and is expected to continue to increase to $865 million by 2029.

Analysis of Market Competition Pattern

From the perspective of market competition, the concentration of the US vertical multistage centrifugal pump market is low. Data shows that in 2023, the total output value of vertical multistage centrifugal pumps from the top 3 companies in the industry was $113 million, with a total output value share of 15.74%; The total output value of vertical multistage centrifugal pumps of the top 6 enterprises was $144 million, with a total output value share of only 20.17%. The top three companies were Xylem Inc., Grundfos, and KSB. In 2023, these three companies' vertical multistage centrifugal pump output value shares in the US market were 6.89%, 5.94%, and 2.74%, respectively.

Source: www.globalmarketmonitor.com

Segmented Market Analysis

From the perspective of product types, vertical multistage centrifugal pumps can usually be classified into cast iron pumps and stainless steel pumps based on the different materials used. Among them, stainless steel pumps dominate the market. It is predicted that by 2024, in the US vertical multistage centrifugal pump market, the stainless steel pump segment is expected to have a market size of $583 million and a market share of 79.00%.

From the perspective of downstream application patterns, vertical multistage centrifugal pumps are widely used in municipal water supply, irrigation, general industrial services, and water treatment. Among them, the water treatment field is the largest downstream application market, with an estimated application share of 38.35% in 2024.

Source: www.globalmarketmonitor.com

Market Outlook Forecast

Market demand: It is expected that in the coming years, with the increasing awareness of environmental protection and the need for industrial production, the demand for vertical multistage centrifugal pumps in the US will continue to grow. ‌

Technological trend: Intelligence, remote monitoring, and energy-saving technologies will be further popularized to improve the operational efficiency and reliability of equipment. ‌

For more industry information, please refer to our latest released "2023 Global Vertical Multistage Centrifugal Pump Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".