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According to the latest research, the global API 610 Centrifugal Pumps market size was valued at USD 1230.54 million in 2022 and is expected to expand at a CAGR of 5.24% during the forecast period, reaching USD 1671.43 million by 2028.
API 610 International Standard specifies requirements for centrifugal pumps used in process services in the petroleum, petrochemical, and natural gas industries. API 610 Centrifugal Pumps are centrifugal pumps that meet the API 610 standard.
Market Trends
Large-scale development of API 610 Centrifugal Pumps
Centrifugal pumps are the most commonly used mechanical equipment for fluid delivery in refining and chemical production facilities. At present, due to the continuous increase of oil refining capacity and chemical production scale, the demand for large-flow and high-pressure centrifugal pumps has also increased. API 610 Centrifugal Pumps are listed as the main types of centrifugal pumps in the petrochemical field. Therefore, as the petrochemical industry is moving towards large-scale and large-scale development, API 610 Centrifugal Pumps, as its supporting products, will inevitably develop in the direction of large-scale and high-speed operation.
Growth Drivers
The market size of the chemical industry continues to expand
The chemical industry is an important part of the development of China's national economy. Its market scale is constantly expanding and it plays an important role in the development of the national economy. The consumption of chemical products is closely related to the state of the national economy and is widely distributed in various fields of the national economy such as infrastructure, real estate, agriculture, automobiles, and clothing. At present, changes in downstream demand for agrochemicals, electronic chemicals, new energy chemicals, and textile chemicals have driven the expansion of the chemical industry market.
In the chemical industry, centrifugal pumps are highly demanded by the chemical industry due to their powerful ability to handle and transport corrosive liquids. In the chemical industry, centrifugal pumps are mainly used to move liquid compounds from one place to another. For example, liquids in containers need to be diverted to the main production area.
At present, centrifugal pumps are widely used in petrochemical, coal chemical, and other chemical industries to transport liquids of different properties and provide the pressure and flow required for chemical reactions. In the chemical industry, the most widely used international standard for centrifugal pumps is API610. Therefore, with the continuous expansion of the chemical industry market, the market demand for API 610 Centrifugal Pumps continues to increase.
Region Overview:
In 2022, the share of the API 610 Centrifugal Pumps market in North America stood at 30.38%.
Company Overview:
Flowserve is one of the world's largest manufacturers of pumps, valves and seals, with employees in 50 countries. Building on a legacy of world-renowned brands, Flowserve's innovations benefit a range of industries, including oil and gas, power, chemicals, water, pharmaceuticals and food processing. Solving these industry challenges has made Flowserve a leader in the development and application of advanced solutions for customers. On July 21, 2022, the company redesigned the bearing housings of the HPX centerline mount process pumps to provide better performance and value. New inner slinger optimizes bearing lubrication; finned upper housing surface improves heat dissipation.
KSB is one of the world's leading suppliers of pumps, valves and related systems. KSB combines innovative technology with excellent service to provide smart solutions. The company offers pumps, valves and systems for virtually any application involving the transportation of liquids. The company focuses on centrifugal pumps, valves, pump systems, valve systems, pump services and other fields. At the beginning of 2023, the KSB Group is going to launch a new submersible borehole pump series onto the market. Named UPA S 250, this pump series will extend the manufacturer's range of well pumps. It is designed for use in general water supply, agriculture, mine dewatering and ground water management as well as for general pressure boosting tasks, for example.
Flowserve is one of the major players operating in the API 610 Centrifugal Pumps market, holding a share of 15.09% in 2023.
Segmentation Overview:
Vertical
The type is vertical API 610 Centrifugal Pumps, the pump is designed to be installed perpendicular to the level ground.
Horizontal
The type is horizontal API 610 Centrifugal Pumps, the pump is designed to be installed parallel to the level ground.
By type, Vertical segment accounted for the largest share of market in 2022.
Application Overview:
Oil and Gas
Refers to the application of API 610 Centrifugal Pumps in the oil and gas field, such as for the transportation of oil and gas products.
Chemical
Refers to API 610 Centrifugal Pumps used in the chemical industry. In the chemical industry and other fields, the product plays the role of transporting liquid and providing pressure and flow for chemical reactions in the production process of these chemical products.
The market's largest segment by application is the segment Oil and Gas, with a market share of 71.98% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the API 610 Centrifugal Pumps industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of API 610 Centrifugal Pumps. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global API 610 Centrifugal Pumps Market Report Include:
Market Size Estimates: API 610 Centrifugal Pumps market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: API 610 Centrifugal Pumps market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the API 610 Centrifugal Pumps market
Segment Market Analysis: API 610 Centrifugal Pumps market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: API 610 Centrifugal Pumps market situations and prospects in major and top regions and countries
API 610 Centrifugal Pumps Market
API 610 Centrifugal Pumps Industry Chain: API 610 Centrifugal Pumps market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
API 610 Centrifugal Pumps Industry News, Policies by regions
API 610 Centrifugal Pumps Industry Porters Five Forces Analysis
Key players in the global API 610 Centrifugal Pumps market are covered in Chapter 2:
Ruhrpumpen
KSB
Gruppo Aturia
Pumpworks
Trillium Flow Technologies
Carver Pump
ITT Goulds Pumps
Truflo Pumps
Flowserve
Ebara Corporation
Sulzer
Sundyne
V-FLO
Kirloskar Brothers Limited
In Chapter 6 and Chapter 9, on the basis of types, the API 610 Centrifugal Pumps market from 2018 to 2028 is primarily split into:
Vertical
Horizontal
In Chapter 7 and Chapter 10, on the basis of applications, the API 610 Centrifugal Pumps market from 2018 to 2028 covers:
Oil and Gas
Chemical
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global API 610 Centrifugal Pumps market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the API 610 Centrifugal Pumps industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of API 610 Centrifugal Pumps market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the API 610 Centrifugal Pumps industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on API 610 Centrifugal Pumps market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the API 610 Centrifugal Pumps market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed API 610 Centrifugal Pumps market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
API 610 International Standard specifies requirements for centrifugal pumps used in process services in the petroleum, petrochemical, and natural gas industries. API 610 Centrifugal Pumps are centrifugal pumps that meet the API 610 standard.
Market Trends
Large-scale development of API 610 Centrifugal Pumps
Centrifugal pumps are the most commonly used mechanical equipment for fluid delivery in refining and chemical production facilities. At present, due to the continuous increase of oil refining capacity and chemical production scale, the demand for large-flow and high-pressure centrifugal pumps has also increased. API 610 Centrifugal Pumps are listed as the main types of centrifugal pumps in the petrochemical field. Therefore, as the petrochemical industry is moving towards large-scale and large-scale development, API 610 Centrifugal Pumps, as its supporting products, will inevitably develop in the direction of large-scale and high-speed operation.
Growth Drivers
The market size of the chemical industry continues to expand
The chemical industry is an important part of the development of China's national economy. Its market scale is constantly expanding and it plays an important role in the development of the national economy. The consumption of chemical products is closely related to the state of the national economy and is widely distributed in various fields of the national economy such as infrastructure, real estate, agriculture, automobiles, and clothing. At present, changes in downstream demand for agrochemicals, electronic chemicals, new energy chemicals, and textile chemicals have driven the expansion of the chemical industry market.
In the chemical industry, centrifugal pumps are highly demanded by the chemical industry due to their powerful ability to handle and transport corrosive liquids. In the chemical industry, centrifugal pumps are mainly used to move liquid compounds from one place to another. For example, liquids in containers need to be diverted to the main production area.
At present, centrifugal pumps are widely used in petrochemical, coal chemical, and other chemical industries to transport liquids of different properties and provide the pressure and flow required for chemical reactions. In the chemical industry, the most widely used international standard for centrifugal pumps is API610. Therefore, with the continuous expansion of the chemical industry market, the market demand for API 610 Centrifugal Pumps continues to increase.
Region Overview:
In 2022, the share of the API 610 Centrifugal Pumps market in North America stood at 30.38%.
Company Overview:
Flowserve is one of the world's largest manufacturers of pumps, valves and seals, with employees in 50 countries. Building on a legacy of world-renowned brands, Flowserve's innovations benefit a range of industries, including oil and gas, power, chemicals, water, pharmaceuticals and food processing. Solving these industry challenges has made Flowserve a leader in the development and application of advanced solutions for customers. On July 21, 2022, the company redesigned the bearing housings of the HPX centerline mount process pumps to provide better performance and value. New inner slinger optimizes bearing lubrication; finned upper housing surface improves heat dissipation.
KSB is one of the world's leading suppliers of pumps, valves and related systems. KSB combines innovative technology with excellent service to provide smart solutions. The company offers pumps, valves and systems for virtually any application involving the transportation of liquids. The company focuses on centrifugal pumps, valves, pump systems, valve systems, pump services and other fields. At the beginning of 2023, the KSB Group is going to launch a new submersible borehole pump series onto the market. Named UPA S 250, this pump series will extend the manufacturer's range of well pumps. It is designed for use in general water supply, agriculture, mine dewatering and ground water management as well as for general pressure boosting tasks, for example.
Flowserve is one of the major players operating in the API 610 Centrifugal Pumps market, holding a share of 15.09% in 2023.
Segmentation Overview:
Vertical
The type is vertical API 610 Centrifugal Pumps, the pump is designed to be installed perpendicular to the level ground.
Horizontal
The type is horizontal API 610 Centrifugal Pumps, the pump is designed to be installed parallel to the level ground.
By type, Vertical segment accounted for the largest share of market in 2022.
Application Overview:
Oil and Gas
Refers to the application of API 610 Centrifugal Pumps in the oil and gas field, such as for the transportation of oil and gas products.
Chemical
Refers to API 610 Centrifugal Pumps used in the chemical industry. In the chemical industry and other fields, the product plays the role of transporting liquid and providing pressure and flow for chemical reactions in the production process of these chemical products.
The market's largest segment by application is the segment Oil and Gas, with a market share of 71.98% in 2022.
This report elaborates on the market size, market characteristics, and market growth of the API 610 Centrifugal Pumps industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of API 610 Centrifugal Pumps. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global API 610 Centrifugal Pumps Market Report Include:
Market Size Estimates: API 610 Centrifugal Pumps market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: API 610 Centrifugal Pumps market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the API 610 Centrifugal Pumps market
Segment Market Analysis: API 610 Centrifugal Pumps market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: API 610 Centrifugal Pumps market situations and prospects in major and top regions and countries
API 610 Centrifugal Pumps Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.API 610 Centrifugal Pumps Industry Chain: API 610 Centrifugal Pumps market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
API 610 Centrifugal Pumps Industry News, Policies by regions
API 610 Centrifugal Pumps Industry Porters Five Forces Analysis
Key players in the global API 610 Centrifugal Pumps market are covered in Chapter 2:
Ruhrpumpen
KSB
Gruppo Aturia
Pumpworks
Trillium Flow Technologies
Carver Pump
ITT Goulds Pumps
Truflo Pumps
Flowserve
Ebara Corporation
Sulzer
Sundyne
V-FLO
Kirloskar Brothers Limited
In Chapter 6 and Chapter 9, on the basis of types, the API 610 Centrifugal Pumps market from 2018 to 2028 is primarily split into:
Vertical
Horizontal
In Chapter 7 and Chapter 10, on the basis of applications, the API 610 Centrifugal Pumps market from 2018 to 2028 covers:
Oil and Gas
Chemical
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global API 610 Centrifugal Pumps market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the API 610 Centrifugal Pumps industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of API 610 Centrifugal Pumps market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the API 610 Centrifugal Pumps industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on API 610 Centrifugal Pumps market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the API 610 Centrifugal Pumps market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed API 610 Centrifugal Pumps market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
