ICT

Centrifugal Pump Market

By Segment, By Region, And Segment Forecasts, 2019 – 2030

Vertical: ICTBase Year: 202110 Sections

Executive Summary

Centrifugal Pump Market — Snapshot

  • Market Size (2019)

    2019

    $36.63B

  • Projected (2030)

    2030

    $51.09B

  • CAGR (2019–2030)

    3.1%

    3.1%
  • Key Players

    110+

In terms of value, the global Centrifugal Pump market is expected to register 4.04% CAGR during the forecast period, 2022 to 2030, and is expected to reach USD51,088.52 million in 2030.

Global Centrifugal Pump market is segmented on the basis of type, End User, and region. By The type, the market is segmented into Overhung Impeller, Vertically Suspended, Between Bearing. Based on End User, the market is segmented into Residential and commercial. Major regions considered within the market are North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Some of the players operating in the market are NOV, Inc. Baker Hughes, Grundfos, Flowserve, Weir Group, Wilo, KSB, Xylem and many more.

Rapidly developing residential & commercial infrastructure, along with the expansion of the manufacturing sector, will propel the global centrifugal pump market growth. The growth is attributed to the increasing investment in the construction industry led to rapid urbanization. The high demand for these type of pumps in the agriculture sector is attributed to the growth of the market. Additionally, the increasing demand for hydrocarbons to fuel various power generation requirements will add to the industry outlook. A centrifugal pump is one of the most widely installed pump types used in a broad range of applications. It is connected in various industry verticals to transfer liquids efficiently in bulk volumes and deliver optimum dynamic head and flow rates to the fluids.

Key Insight

The Centrifugal Pump Market market is projected to grow at a CAGR of 3.1% from 2019 to 2030.

Market Performance Trend

Historical performance and future projections (2020–2030, USD Billion)

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Market Scope & Coverage

What this report covers

  • Geographic Coverage: This analysis covers 5 regions: North America, Europe, Asia Pacific, South America, Middle East and Africa.
  • Market Segmentation: The market is analyzed across 3 segments: Overhung Impeller, Vertically Suspended, Between Bearing. Forecasts are provided for each segment from 2019 to 2030.
  • Competitive Landscape: 110 leading companies are profiled, covering market positioning, strategies, and recent developments.

Market Size (USD Mn)

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Market Overview

Centrifugal Pump Market — Growth Trajectory

Centrifugal pump is a mechanical device designed to move liquid by means of the transfer of rotational energy through impellers. These types of pumps are mainly used for pumping water in the industrial and residential properties. They are also majorly used in agriculture sector, municipal water and wastewater plants, power generation plants, petroleum, and chemical industries, among others. Advantages of centrifugal pump include steady delivery, easy to operate, can be mounted horizontally or vertically, and it moves at high speeds with minimal maintenance.

Centrifugal Pump Market — Growth Trajectory

Overhung Impeller
Vertically Suspended

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Market Size Trend (USD Mn)

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Market Dimensions

How this market is segmented

  • By Type By Type is broken down into: Overhung Impeller, Vertically Suspended, Between Bearing.
  • By End-User By End-User is broken down into: Residential, Commercial.

Geographic Analysis

Regional market breakdown

  • North America North America market size reached $9.62B in 2019 and is projected to reach $13.63B by 2030, growing at a CAGR of 3.2%.
  • Europe Europe market size reached $5.20B in 2019 and is projected to reach $7.17B by 2030, growing at a CAGR of 3.0%.
  • Asia Pacific Asia Pacific market size reached $14.22B in 2019 and is projected to reach $19.94B by 2030, growing at a CAGR of 3.1%.
  • South America South America market size reached $1.92B in 2019 and is projected to reach $2.75B by 2030, growing at a CAGR of 3.3%.
  • Middle East and Africa Middle East and Africa market size reached $5.67B in 2019 and is projected to reach $7.60B by 2030, growing at a CAGR of 2.7%.

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Research Methodology

Centrifugal Pump Market — How We Researched This Market

This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.

  • Base Year

    2021

  • Historical Period

    2019 – 2021

  • Forecast Period

    2021 – 2030

  • Primary Interviews

    150+

Research Process

Historical data (2019–2021) and forecast period (2021–2030)

1

Problem Definition

  • Market scoping
  • Objective setting
  • Framework design
2

Secondary Research

  • Literature review
  • Data mining
  • Trend analysis
3

Primary Research

  • Expert interviews
  • Field visits
  • Surveys
4

Data Analysis

  • Quantitative modeling
  • Statistical testing
  • Validation
5

Insights & Reporting

  • Synthesis
  • Recommendations
  • Visualization

Research Depth

Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.

Historical vs. Forecast Data

Historical (observed)
Forecast (modelled)

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Competitive Landscape & Porter's Five Forces

Centrifugal Pump Market — Competitive Analysis

Threat of New Entrants

The Centrifugal Pump Market is at the stage where the well-established companies are increasing their investments in enhancing the technical specifications of pump, reducing the cost, and improving their market share in the cost-sensitive market. Therefore, it becomes difficult for new entrants to compete with established brands in the market. Additionally, new players need to invest heavily in creating a brand name through promotion and marketing. Setting up a pump processing facility to convert it into different usable End User in different industry requires substantial capital. However, the barriers to enter the market are not very high, and Pump industry is a capital-intensive business. New entrants are less likely to enter a dynamic industry where the established players keep defining the standards regularly. It significantly reduces the window of extraordinary profits for the new firms thus discourage new players in the industry. Large suppliers, which benefit from their economies of scale operations, can offer more competitive prices to customers. Substantial capital investment is required to establish economies of scale in manufacturing and production

Hence, the threat of new entrants in the global Centrifugal Pump market is expected to be low during the forecast period.

Bargaining Power of Suppliers

There are of various types of raw materials required to produce Centrifugal Pump, depending on the ultimate End User. The Centrifugal Pump manufacturers procure both raw materials and components from suppliers. The presence of raw material suppliers is wide. However, the demand for raw materials to manufacture is moderate as the parts are required to be produced while maintaining the highest manufacturing standards to achieve the required working efficiency in extreme working conditions. This reduces the bargaining power of suppliers.

Major pump manufacturers procure these raw materials and components in very high quantities, which lessens the bargaining power of suppliers up to a certain extent. However, the Pumps companies cannot easily switch suppliers due to the risks involved in not obtaining the required quantity and quality of materials and specification from new suppliers on time, which increases the switching cost. Hence, these manufacturers tend to have long-term contracts with their suppliers

Hence, the bargaining power of suppliers in the global Centrifugal Pump market is expected to be moderate during the forecast period.

Bargaining Power of Buyers

Bargaining power of buyers refers to the impact Centrifugal pump consumers can have on the manufacturers. There are a large number of manufacturers and suppliers in the market, which give the buyers an array of options to choose from. There is a bare minimum cost involved in switching suppliers as the product usually last for a few years. Based on these facts the bargaining power of buyers in high.

Hence, the bargaining power of buyers in the global Centrifugal Pump market is expected to be high during the forecast period.

Threat of Substitutes

Centrifugal Pumps have no direct substitutes that can match their technical specifications and features. Centrifugal Pumps are designed with a specific pattern and standards to cater to the specific requirement in the respective sector, which pushes the major buyers to rely on certain players. Thus, the threat of substitutes in the market is low.

Hence, the threat of substitutes in the global Centrifugal Pump market is expected to be low during the forecast period.

Intensity of Rivalry

The intensity of rivalry, in the submersible pump market is high. Most of the competitors in the market are multinational companies with substantial financial resources. This enables the companies to invest in their research and development department. These companies rely on innovation to stay ahead in the market. The companies are seeking opportunities to expand their services into new Countries with an exhaustive product portfolio. These factors have made the intensity of rivalry, very high.

Hence, the intensity of rivalry in the global Centrifugal Pump market is expected to be high during the forecast period.

Quantitative Analysis

Regional Breakdown

Regional market breakdown for Centrifugal Pump Market.

Regional Market Size (USD Mn)

Market estimates by geography (2030)

USD Mn

InsightAsia Pacific leads with $19.94B by 2030, while South America is projected to grow fastest at a 3.3% CAGR.

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Regional Market Data

REGION201920212030CAGRSHARE
North America$9.62B$11.08B$13.63B3.2%27%
Europe$5.20B$5.90B$7.17B3.0%14%
Asia Pacific$14.22B$16.28B$19.94B3.1%39%
South America$1.92B$2.22B$2.75B3.3%5%
Middle East and Africa$5.67B$6.33B$7.60B2.7%15%
Total$36.63B$41.81B$51.09B3.1%100%

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Segment Revenue (2030)

Overhung Impeller
Vertically Suspended
Between Bearing
09279185572783637114

Segment Market Share

  • Overhung Impeller66%
  • Vertically Suspended22%
  • Between Bearing12%

Total Market Size

$51.09B

Market by Segment (2030)

APPLICATIONREVENUE ($B)GROWTH RATEMARKET PENETRATION
Overhung Impeller$33.74B3.1%
88%
Vertically Suspended$11.33B3.1%
85%
Between Bearing$6.02B3.1%
72%

* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.

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Analytics

Centrifugal Pump Market — Key Findings

Analytical insights on Centrifugal Pump Market covering market dynamics, competitive landscape, and strategic outlook.

Key Analytical Findings

The Centrifugal Pump Market market is projected to reach $51.09B by 2030, growing at 3.1% CAGR. The Overhung Impeller segment holds the largest share.

Market Dynamics

The centrifugal pump is inclined to siphoning liquids containing pollutants, which can lessen the framework's efficiency. Subsequently, keeping up with the functioning boundaries of the siphons is basic to supporting by and large effectiveness and item life. To remotely analyze shortcoming circumstances, a few industry players have really demonstrated refined innovations, for example, network-based observing, the Internet of Things (IoT), and numerous others. For instance, during the overall exchange exhibition ACHEMA Germany, KSB presented their new stage known as "KSB watch" to screen siphon frameworks using network sensors. The imaginative arrangement expects to incorporate temperature and vibration sensors into the siphons to recognize changes in working way of behaving for improved retrofitting and support.

Market Drivers

The continuous need to boost pressure and supply water to conduct various operations has propelled centrifugal units in different verticals like food & beverage, marine, metal manufacturing, chemicals, and many others. However, several factors, including viscosity, temperature, specific gravity, pressure, density, and vapor pressure of the working fluid, govern the applicability of these products in different capacities and sizes. The growth of the global centrifugal pumps market is being driven by the rapid construction of residential and commercial infrastructure and the expansion of the manufacturing sector. The growth is attributed to the increased infrastructure investment, which has resulted in fast urbanization. The wastewater treatment sector's demand for these products is expected to drive the industry over the coming years.

The expanding global population and increased water use across different industries are projected to encourage the construction of new water treatment facilities throughout the world, allowing the water and wastewater industry to expand. As a result, demand for centrifugal pumps is projected to increase. Expanding the number of residential and commercial construction projects will boost market growth. These pumps contribute to the resolution of variable or lower pressure issues and provide energy-efficient water transfer solutions and HVAC requirements in buildings. In wastewater treatment plants, centrifugal pumps are commonly employed to process used water. Rotating impellers are used in these pumps to enhance impeller velocity and force fluids through exit valves.

The rising demand for centrifugal pumps is thus predicted by the expanding number of worldwide wastewater treatment plants. In addition, various technical developments, such as the creation of 3D-printed impellers and the use of modelling software, are also contributing to growth. These improvements assist in improving pump performance, lowering manufacturing costs, and delivering a greater flow rate and output pressure. Other factors, such as rising demand for energy-efficient centrifugal pumps and increased expenditures in desalination in industrial facilities, are expected to boost the market even further.

Market Opportunities

Centrifugal pump is prone to pump different fluids containing several impurities that may hamper the system's productivity. Consequently, maintaining the operating conditions of the pumps plays a crucial role in increasing the overall efficiency and life of products. Various industry participants have successfully demonstrated advanced technologies like network-based monitoring, the Internet of Things (IoT), and many others to remotely diagnose fault conditions. For Example, KSB presented its new platform known as “KSB guard” to monitor pump systems using network sensors at the global trade fair, ACHEMA, held in Germany. The novel breakthrough aims to add temperature and vibration sensors to the pumps to detect changes in operating behaviour for better retrofitting and maintenance.

Market Restraints

Cavitation refers to the process of formation of the vapor phase in a liquid when it is subjected to reduced pressures at a constant ambient temperature. Vapor bubbles that are formed within centrifugal pumps owing to inadequate liquid tend to move toward areas of high pressure within them to collapse under sufficient pressure and return to the liquid state. The implosion of these bubbles flakes off small portions of metal from impeller surfaces, resulting in low-frequency vibration and noise, along with extensive damage to centrifugal pumps. This impacts the performance of pumps, resulting in their reduced sales and high replacement costs. Thus, cavitation and dry-run related failures can hinder the growth of the centrifugal pump market.

Regular Priming Requirements along with Formation of Cavitation Conditions May Obstruct Growth these kind of pump operates by rotating the impellers instead of imparting suction power to pump liquid in and out of the systems. Priming is the operation wherein the system is completely submerged in liquid to minimize the air intake that generates weak pull and causes major problems.

Strategic Outlook and Future Directions

Near-term growth will likely concentrate in modular bioreactor lines and closed-system media workflows that shorten validation cycles while preserving batch traceability.

Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.

Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.

Market Value by Segment (2030)

Value (USD Mn)
Overhung Impeller
Vertically Suspended
Between Bearing

Companies

Key companies profiled in Centrifugal Pump Market

Profiles of 110 companies operating in the Centrifugal Pump Market market, including revenue, employee count, and market positioning where available.

Showing 110 of 110 companies

SOMEFLU

SOMEFLU

ICT

Company Headquarters: France Founded: 1962 Workforce: ~ 69 Company Working: SOMEFLU is a pump manufacturer specialized in the engineering and manufacturing of corrosion resistant centrifugal pumps. SOMEFLU pumps are made of thermoplastic and designed in horizontal or vertical version. SOMEFLU pumps are designed for the most difficult industries where corrosion and abrasion resistance are complexes to solve. These pumps are made of engineered plastics such PP, PE, SOMEDUR®, UHMW-PE, PVDF, PFA, PEEK and designed to handle both corrosive or abrasive fluids which could be clear, slightly or heavily particle-loaded fluids. The manufacturing unit is equipped with most advanced CNC machines, generation software (CAD/CAM) and digitally controlled machines making it possible to meet cost, quality and deadline requirements. SOMEFLU offers its clients the most effective and economic solutions.

RevenueN/A
Employees69
Market CapN/A
Founded1961
France
KSB SE & C

KSB SE & Co. KGaA

ICT

Company Headquarters: Germany Founded: 1871 Workforce: ~ 15,412 Company Working: KSB SE & Co. KGaA engages in the manufacture of industrial and building pumps, valves, and related systems. It operates through the following segments: Pumps, Valves, and Service. The Pumps segment covers single and multistage pumps, submersible pumps, and associated control and drive systems. The Valves segment includes butterfly, globe, gate, control, diaphragm and ball valves, and associate actuators and control systems. The Service segment encompasses installation, commissioning, start-up, inspection, servicing, maintenance and repair of pumps, related systems and valves, modular service concepts, and system analyses. The company was founded by Johannes Klein, Friedrich Schanzlin, and Jakob Becker in 1871 and is headquartered in Frankenthal, Germany.

Revenue$2.7B
Employees15,412
Market CapN/A
Founded1870
Germany
WILO SE

WILO SE

ICT

Company Headquarters: Germany Founded: 1872 Workforce: ~ 8,200 Company Working: The Wilo Group is one of the world’s leading premium providers of pumps and pump systems for the building services, water management and industrial sectors. WILO SE provides flow control equipment. The Company offers pumps and pump systems for the building services, water management, and industrial sectors. WILO serves clients worldwide. Wilo is a manufacturer of pumps, submersible mixers and related intelligent control systems. The product portfolio includes complete range of centrifugal pumps starting from small circulator, inline, multistage, submersible, end-suction, split case, vertical turbine to packaged Pumping stations. Product development and manufacturing of Wilo products is based mainly in Germany and France. Weil Pump, located in Cedarburg, WI, specializes in the manufacture of waste water pumps and end-suction centrifugal pumps with a series of full cast stainless steel submersible pumps for chemical applications. Weil Pumps was acquired by Wilo SE in 2017. American-Marsh Pumps is a manufacturer of centrifugal & positive displacement pumps, electrical motors, mechanical seals and fire protection fittings, couplings and pumping equipment. Headquartered in Collierville, Tennessee, American-Marsh is over 140 years old and is one of the oldest pump manufacturers in the world. WILO SE acquired American-Marsh Pumps LLC. in 2019. The production will be relocated to the new Wilo USA headquarters bringing the operations of Wilo USA, Weil Pump, Scot Pump and American-Marsh Pumps to a single production site. Based out of Cedarburg USA, Scot is a 50-year-old manufacturer of centrifugal pumps with focus on the End Suction Single Stage pumps ranging from 3/4” through 12” with 1/3 through 125 HP motors. Scot concentrates on the OEM end-suction pump market for the plastics, agricultural and chemical industries. Scot also has a branch office in Fort Lauderdale, Florida, which manufactures special-purpose marine pumps for the shipbuilding industry. Scot Pumps was acquired by Wilo USA in 2017.

Revenue$1.7B
Employees8,200
Market CapN/A
Founded1871
Germany
Grundfos H

Grundfos Holding A/S

ICT

Company Headquarters: Denmark Founded: 2008 Workforce: ~19,221 Company Working: Grundfos is a leading industrial pump manufacturer based in Denmark. Grundfos specializes in pumps for water treatment. The company offers centrifugal pumps, single-suction pumps, coolant pumps, submersible pumps, metering pumps, and circulation pumps for heating, air conditioning, water supply, industrial, chemical dosing, sterilization, and miscellaneous drainage applications. The company acquired Hilge GmbH, a German pump manufacturer in 2004, Alldos International AG, a Swiss company; in 2005, Tesla, Srl, an Italian company in 2005, PACO Pumps, a North American manufacturer of pumps for HVAC applications, in 2007. It sold Hilge GmbH, a manufacturer of pumps for the food and beverage industry, to GEA, a German company. The company offers pumps for various purposes including heating, air-conditioning, and ventilation. Its product portfolio includes submersible motors, submersible recirculation pumps, heavy duty submersible pumps, piston pumps, ALPHA circulator pumps, DME diaphragm dosing pump, SP submersible groundwater pump and DP drainage pump. It also offers several services such as installation and operation, repair and maintenance, and surveillance and mobility. The company’s products find applications in various industries including commercial buildings, beverage, automotive, bio fuel, pharma, mining, marine, machining industry, washing and cleaning, agriculture and marine. It operates various manufacturing facilities and markets its products through authorized service partners and distributors globally. The company has operations in the Americas, Asia-Pacific, Europe, and Middle East and Africa. Grundfos is headquartered in Bjerringbro, Denmark.

RevenueN/A
Employees19,221
Market CapN/A
Founded2007
Denmark
NOV Inc.

NOV Inc.

ICT

Company Headquarters: United States Founded: 1862 Workforce: ~ 27,043 (Global) Company Working: NOV Inc. (NOV or 'the company'), formerly, National OilWell Varco Inc, is a provider of technology and equipment to the oil and gas industry. The company conducts operations in approximately 552 locations across six continents. It owns and leases 137 engineering, sales and administration facilities, 109 service centers and 306 repair and manufacturing facilities. The company serves national and independent service companies, oil and gas operators and contractors in 61 countries worldwide. NOV operates its business through three reportable business segments: Rig Technologies, Wellbore Technologies, and Completion and Production Solutions. The Rig Technologies segment supports the integrated systems and capital equipment, which are used to drill oil and gas wells on land and offshore. It also designs, manufactures and sells land rigs, offshore drilling equipment packages, such as installation and commissioning services, and drilling rig components which mechanize and automate the drilling process and rig functionality. NOV's rig system segment's equipment and technologies include derricks, substructures, and masts; jacking systems; cranes; rotating, and assembly systems, pipe lifting, racking; fluid transfer technologies, such as mud pumps; power transmission systems, including drives and generators; and rig instrumentation and control systems; pressure control equipment, including blowout preventers. It operates manufacturing facilities in New Iberia, Louisiana; Orange, California; Houston, Texas; Dubai, UAE; and Singapore. As of December 2021, it had order backlog of US$2.8 billion. In FY2021, the Rig Technologies segment reported revenue of US$1,739 million, which accounted for 30.7% of the company’s revenue. NOV's Wellbore Technologies segment designs, manufactures, sells and rents various equipment and technologies used for drilling operations. It also offers services that optimize their performance, including solids control and waste management equipment and services, drill pipe, wired pipe, tubular repair, inspection and coating services, fishing and downhole tools, instrumentation and drill bits. The segment serves oil and gas companies and supports oilfield equipment rental companies, drilling contractors and oilfield service companies. It operates manufacturing facilities in Veracruz, Mexico; Houston, Navasota, Conroe, and Cedar Park, Texas; and Dubai, UAE. In FY2021, the Wellbore Technologies segment reported revenue of US$1,959 million, which accounted for 34.6% of the company’s revenue. The Completion and Production Solutions segment integrates technologies for oil and gas production and well completions. It designs, manufactures, and sells equipment and technologies needed for hydraulic fracture stimulation, including pressure pumping trucks, sanders, blenders, hydration units, flow line, manifolds, and injection units. It also manufactures well intervention products, including coiled tubing, coiled tubing units and wireline units and tools; and onshore production systems, including surface transfer, composite pipe, and progressive cavity pumps, and artificial lift systems. In addition, the company supplies offshore production systems, including floating production systems and subsea production technologies. The segment also supports oil and gas companies and service companies. It operates manufacturing facilities in Tulsa, Oklahoma; Houston, and Fort Worth, Texas; Qingdau, Shandong, China; Aberdeenshire, Scotland, UK; Senai, Malaysia; Kalundborg, Denmark; Manchester, England; and Superporto du Acu, Brazil. As of December 2021, it had order backlog of US$1.3 billion. In FY2021, the Completion and Production Solutions segment reported revenue of US$1,963 million, which accounted for 34.7% of the company’s revenue. Geographically, the company classifies its operations into 11 regions: the US, Norway, Singapore, Saudi Arabia, the UK, China, Brazil, Canada, the UAE, South Korea, and Other Countries. In FY2021, the US accounted for 31.9% of the company’s revenue, followed by Norway (6.6%), Singapore (2.6%), Saudi Arabia (5.7%), the UK (3.7%), China (4%), Brazil (5.7%), Canada (3.7%), the UAE (2.4%), South Korea (0.6%), and Other Countries (33.1%).

Revenue$8.5B
Employees27,043
Market CapN/A
Founded1861
United States
Baker Hugh

Baker Hughes

Semiconductor

Company Headquarters: United States Founded: 1987 Workforce: 54,000 Company Working: Baker Hughes Company (Baker Hughes or 'the company') formerly Baker Hughes, a GE company LLC, is an oilfield services company that offers oilfield products, services and digital solutions. Baker Hughes operates in the Americas, Europe, Asia Pacific, Africa, and the Middle East. It owns or leases service centers, blend plants, workshops and sales and administrative offices across the world. Baker Hughes operates through four reportable business segments: Oilfield Services, Oilfield Equipment, Turbomachinery and Process Solutions and Digital Solutions. The Oilfield Services segment offers products and services supporting offshore operations including evaluation, completion, abandonment, drilling, production and intervention. Its offerings include drill bits; drilling services, including measurement-while-drilling, directional drilling, and logging-while-drilling; drilling fluids; wireline services; completions, including tools, systems, and fluids; well intervention; pressure pumping; artificial lift systems; oilfield and industrial chemicals; and integrated well services. It owns and leases facilities in the US, Canada, Germany, Norway, Scotland, the UK, Brazil, Singapore, India, the UAE, Saudi Arabia, Angola and Nigeria. In FY2020, the Oilfield Services segment reported revenue of US$10,140 million, which accounted for 49% of the company’s revenue. The Oilfield Equipment segment provides a wide portfolio of mission critical products and services utilized during drilling and over the life of a field. Its offerings include subsea production systems (SPS), flexible pipe systems for subsea flowlines, subsea and surface drilling equipment, risers and onshore pipes, surface pressure control solutions, surface and subsea wellheads, subsea well intervention solutions and related service solutions. It owns and leases facilities in the US, the UK, Brazil, China and Saudi Arabia. In FY2020, the Oilfield Equipment segment reported revenue of US$2,844 million, which accounted for 13.7% of the company’s revenue. The Turbomachinery and Process Solutions segment offers flow control, drivers, turnkey and driven equipment solutions. The company provides equipment and related services for mechanical-drive, compression and power-generation applications across the oil and gas industry and energy industry, the on-and-offshore, , pipeline, LNG and gas storage, refining, petrochemical, distributed gas, flow and process control and industrial segments. It owns and leases facilities in the US, Italy, France and India. In FY2020, the Turbomachinery and Process Solutions segment reported revenue of US$5,705 million, which accounted for 27.6% of the company’s revenue. The Digital Solutions segment provides hardware technologies with enterprise-class software products and analytics to connect industrial assets, providing customers with the data, safety and security needed to reliably and efficiently improve operations. Its offerings include industrial controls, condition monitoring, measurement, non-destructive technologies, sensing, and pipeline solutions. It owns and leases facilities in the US, the UK, Ireland and Germany. In FY2020, the Digital Solutions segment reported revenue of US$2,015 million, which accounted for 9.7% of the company’s revenue. Geographically, the company operates through two regions: the US and Non-US. In FY2020, Non-US accounted for 77.6% of the company’s total revenue, followed by the US (22.4%).

Revenue$23.8B
Employees54,000
Market CapN/A
Founded1986
United States
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Senior Retail Manager, LG Chem

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Management Consultant, Level 21

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Rob Kooiker

Group Product Manager HVAC & Fire Protection GMA, Rockwool

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R&D Director, Seojin

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Centrifugal Pump Market

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