The global centrifugal pumps market began to expand its worth and valuation since 2017, after some instability which was witnessed in the past few years due to the downturn in the oil & gas upstream sector mainly. However, continuous increase in expenditure in the market resulted to be positive on account of increasing crude oil price and an increase in activity, especially in North America. By this development, the long-term outlook of the centrifugal pumps market is predicted to remain positive with the market value on the track to register at a CAGR of 4.01% by the year 2022. Market Research Future delivers key insights and presents a revised forecast of the global centrifugal pump market in its latest report. Centrifugal Pumps are a type of pump mainly used to move water or other fluids with the help of inducing the flow by increasing the pressure of the fluid. Such pumps are commonly used in industries of water & wastewater, power, chemical, oil & gas, and others.