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[Truncated abstract] Centrifugal pumps are the most prevalent, electrically powered rotating machines used today. Each pump is designed to deliver fluid of a given flow rate at a certain pressure. The point at which electrical energy is converted most efficiently into increased pressure is known as the Best Efficiency Point. For a variety of reasons, pumps often operate away from this point (intentionally or otherwise), which not only reduces efficiency, but also increases the likelihood of premature component failure. Acoustic emissions (AE) are high frequency elastic waves, in the range of 20-2000kHz, released when a material undergoes localised plastic deformation. Acoustic emission testing is the process of measuring and analysing these stress waves in an attempt to diagnose the nature and severity of the underlying fault. AE sensors mounted on the surface of a machine or structure also detect any stress waves generated within the fluid being transmitted through to the structure. Unfortunately, attempts to detect incipient component faults in centrifugal pumps using acoustic emission analysis have been complicated by the sensitivity of AE to a pump?s operating state. Therefore, the aim of this thesis was to determine how acoustic emission monitoring could be used to identify the hydraulic conditions within a pump. Data was collected during performance tests from a variety of small end-suction pumps and from one much larger double-suction pump. A system was developed to collect, process and analyse any number of AE features (be they related to discrete AE events, or due to the continuous background AE level) from continuously operating equipment. ... Unfortunately, results from smaller pumps were less conclusive, particularly at low flows, probably due to the relatively small changes in hydraulic energy across the range of flows, and consequent sensitivity to the testing process. However, even in these pumps consistent patterns in hit energies were observed resulting in the conclusion that low to medium flows in centrifugal pumps are typified by a very large number of very low energy (VLE) events. These decrease in number and increase in energy as flow approaches BEP and/or is reduced to very low flows. High flows above BEP are marked by an absence of these VLE events, with bursts having significantly higher energies and spread over a much greater range. Unfortunately, these VLE events are too small to affect averaged trends, indicating that further work on a suitable filter is required. vi