MRO Components, Consumables & Tooling · Indirect
Monitoring · monthlyProcurement Category Intelligence
Pumps - Centrifugal Replacement
Overview
Market size
$12.5B
global, USD
CAGR
4.2%
base to forecast
Buyer power
-1.8
supplier-favoured
Suppliers
6
tracked players
Signals
12
monitored
Market outlook
2031$15.4B
What changed
Demand by region
Asia Pacific demand45%
North America demand23%
Europe demand18%
Middle East and Africa demand9%
Rest of world demand5%
share of global demandtotal 100%
Cost drivers
Raw Materials (Stainless Steel, Cast Iron, Nickel)40%
Direct Manufacturing and Machining Labor25%
Energy and Foundry Operations15%
Precision Components (Bearings, Mechanical Seals)12%
Inbound and Outbound Logistics8%
share of delivered cost (analyst estimate)