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    Pumps Market

    ID: MRFR/E&P/5954-HCR
    111 Pages
    Priya Nagrale
    September 2025

    Pumps Market Research Report Information By Type (Positive Displacement and Dynamic), By End-User (Oil & Gas, Water & Wastewater, Power Generation, Chemicals, Pharmaceutical, Food & Beverage and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2032

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    Pumps Market Summary

    As per Market Research Future Analysis, the global pumps market was valued at USD 50.15 billion in 2023 and is projected to grow to USD 75.82 billion by 2032, with a CAGR of 3.7% from 2024 to 2032. The growth is driven by the expanding building and construction, food and beverage industries, and increasing demand for water and wastewater treatment facilities, particularly in regions facing water scarcity like China and India. The positive displacement segment leads the market, supported by its demand in the oil and gas industry. North America accounted for USD 20.1 billion in 2021, with significant growth expected due to increased construction activity and technological advancements.

    Key Market Trends & Highlights

    Key trends influencing the pumps market include environmental concerns and technological advancements.

    • Growing need for water treatment facilities due to water scarcity, especially in China and India.
    • Positive displacement pumps dominate the market, particularly in the oil and gas sector.
    • North America pumps market valued at USD 20.1 billion in 2021, with significant growth expected.
    • Emerging economies are increasingly investing in wastewater treatment and infrastructure improvements.

    Market Size & Forecast

    2023 Market Size USD 50.15 Billion
    2024 Market Size USD 52.51 Billion
    2032 Market Size USD 75.82 Billion
    CAGR (2024-2032) 3.7%

    Major Players

    Major players include Grundfos (Denmark), Sulzer (Switzerland), Flowserve (US), ITT Corporation (US), Danfoss (Denmark), Ingersoll-Rand (Ireland), The Weir Group (UK), Ebara Corp (Japan), KSB (Germany), Schlumberger (US), Nikkiso Co Ltd (Japan), Wilo AG (Germany), and Roper Industries (US).

    Pumps Market Trends

    Growing need for water and wastewater treatment facilities to boost market growth

    Over two-thirds of people on earth reside in regions with a water shortage for at least one month per year. The majority of those who experience this level of water scarcity reside in China and India. As a result, the demand for wastewater treatment is anticipated to increase water usage efficiency and supply water to the municipal and industrial sectors. 

    The United Nations University Institute of Water, Environment and Health estimates that high-income nations will treat around 74% of the industrial and municipal wastewater they produce in 2020, compared to 43% for upper-middle-income nations and about 26% for lower-middle-income nations. The need for water treatment facilities, and consequently, pumps in water treatment facilities, is anticipated to rise in emerging countries due to rising environmental awareness and a growing water deficit. 

    The initial problem of a large initial expenditure has been lessened by the modular design of wastewater treatment plants, allowing an affordable alternative. Therefore, it is anticipated that demand for pumps will rise throughout the projection period due to growing worries about the environmental effects of wastewater and water scarcity, strict government restrictions, and lowering costs of water treatment plants.

    Furthermore, infrastructure improvements and increased industrial activity have contributed to the pumps market's expansion. The need for pumps has surged, particularly as the chemical industries worldwide have expanded quickly. The use of pumps in chemical transfer systems has expanded due to recent developments in corrosion-resistant pumps. Chemicals like sulfuric acid and sodium hydrochloride can be transported easily with the aid of these pumps. 

    The development of the pumps market in recent years has also been assisted by unique inventions such as leak detection pressure switches that guarantee safety during chemical activities. Therefore, this factor has enhanced the pumps market CAGR globally in recent years.

    Additionally, several emerging nations, like India, are aggressively seeking international alliances to access overseas markets. India, in particular, is promoting technical advancement and upgrading its small-scale enterprises to enter high-tech industries like aerospace and defense by providing financial support. 

    Furthermore, a lot of little-known pumps producers are actively offering prices for high-quality substitutes to the pricey pumps on the market. In recent years, these purchases and initiatives have raised the market value of pumps.

    However, energy-efficient items are more valuable in Europe, Asia, and North America. In order to produce energy-efficient products across all industries, the governments of those nations have also implemented strict government rules. The Indian government has provided information on using solar water pumps for subsidized electricity. 

    The installation of irrigation facilities has been encouraged by such nationwide announcements to farmers and agriculturalists. Thus, driving the growth of the pumps market revenue.

    The global pumps market is poised for robust growth, driven by increasing demand across various sectors, including water and wastewater management, oil and gas, and industrial applications, reflecting a broader trend towards enhanced efficiency and sustainability.

    U.S. Department of Energy

    Pumps Market Drivers

    Market Trends and Projections

    Industrial Growth and Automation

    The Global Pumps Market Industry is likely to benefit from the ongoing industrial growth and the increasing trend towards automation across various sectors. Industries such as oil and gas, chemicals, and food and beverage are integrating advanced pumping solutions to enhance operational efficiency. The adoption of automated systems not only reduces labor costs but also improves precision in fluid handling. As industries expand, the demand for specialized pumps tailored to specific applications is expected to rise. This trend aligns with the projected growth of the market, which is anticipated to reach 84.6 USD Billion by 2035, reflecting a compound annual growth rate of 4.43% from 2025 to 2035.

    Growing Focus on Renewable Energy

    The Global Pumps Market Industry is poised to benefit from the growing focus on renewable energy sources. As countries strive to transition towards sustainable energy systems, the demand for pumps in applications such as geothermal energy, hydropower, and bioenergy is likely to increase. These applications require specialized pumping solutions that can handle varying fluid characteristics and operational conditions. The shift towards renewable energy is expected to create new opportunities for pump manufacturers, contributing to the overall growth of the market. This trend aligns with the broader global movement towards sustainability and energy independence.

    Regulatory Support for Energy Efficiency

    The Global Pumps Market Industry is influenced by regulatory frameworks that promote energy efficiency and environmental sustainability. Governments are implementing stringent regulations aimed at reducing energy consumption and greenhouse gas emissions, which in turn encourages the adoption of energy-efficient pump technologies. For instance, initiatives like the Energy Star program in various countries incentivize manufacturers to produce pumps that meet specific energy efficiency criteria. This regulatory support not only fosters innovation but also drives market growth as industries seek to comply with these regulations while optimizing operational costs.

    Technological Advancements in Pump Design

    Technological advancements play a pivotal role in shaping the Global Pumps Market Industry. Innovations such as smart pumps equipped with IoT capabilities are revolutionizing the way pumps operate, allowing for real-time monitoring and predictive maintenance. These advancements not only enhance efficiency but also reduce energy consumption, aligning with global sustainability goals. For example, energy-efficient pumps can lead to significant cost savings for end-users, thereby driving adoption. As industries increasingly prioritize sustainability, the demand for technologically advanced pumps is expected to grow, further propelling the market forward.

    Rising Demand in Water and Wastewater Management

    The Global Pumps Market Industry experiences a notable surge in demand driven by the increasing need for efficient water and wastewater management systems. Governments worldwide are investing in infrastructure projects aimed at improving water supply and sanitation. For instance, the United Nations has emphasized the importance of sustainable water management, which has led to enhanced funding for pump systems. This trend is expected to contribute significantly to the market, with projections indicating a market size of 52.5 USD Billion in 2024. As urban populations grow, the necessity for reliable pumping solutions becomes more pronounced, thereby bolstering the Global Pumps Market Industry.

    Market Segment Insights

    Pumps Type Insights

    The Pumps Market segmentation, based on type, includes positive displacement and dynamic. The positive displacement segment held the majority share in 2021 in respect to the Pumps Market revenue. Their effective low-speed operation and constant flow rates are responsible for this. Additionally, the positive displacement pumps' demand in the oil and gas industry is anticipated to support segment growth.

    Figure 2: Pumps Market, by Type, 2021 & 2032 (USD Billion)

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Pumps End-Users Insights

    The Pumps Market segmentation, based on end-users, includes oil & gas, water & wastewater, power generation, chemicals, pharmaceuticals, food & beverage and others. The water & wastewater segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. 

    The growing need for pumps stations in wastewater treatment facilities where gravity flow is impractical, combined with high flow rate deliverability and high transmission velocity, is projected to accelerate market expansion. Hence, it positively impacts the market growth.

    On the other hand, the oil & gas category maintained a sizable share during the forecasted time. Shale gas is expected to be used more frequently in the manufacturing and energy sectors. There will be a rise in shale gas exploration operations due to technological developments like horizontal and hydraulic drilling.

    Get more detailed insights about Pumps Market Research Report – Global Forecast till 2032

    Regional Insights

    By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America pumps market accounted for USD 20.1 billion in 2021 and is expected to exhibit a significant CAGR growth. The industrial and commercial construction markets in North America are experiencing a major uptick in building activity, and this activity is expected to continue growing. Additionally, it is anticipated that increased installation of independent power plants and technology advancements will fuel product demand in North America during the course of the forecast period.

    Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 3: Pumps Market Share By Region 2021 (%)

    Pumps Market Share By Region

    Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

    Asia Pacific pumps market accounts for the second-largest market share. Due to the Asia Pacific region's growing economies' quick industrialization and rising investment in manufacturing, commercial, and industrial projects, the regional market has grown overall. 

    Additionally, it is projected that greater product penetration in a variety of end-use industries, such as petrochemical and agriculture, will support market expansion. Further, the China pumps market held the largest market share, and the India pumps market was the fastest growing market in the European region

    Europe America pumps Market is expected to grow at the fastest CAGR from 2022 to 2030. Over the projected period, it is anticipated that increasing offshore exploration and production operations in Europe will boost demand for pumps. The demand for water treatment in the municipal and industrial sectors is predicted to rise significantly as a result of strict laws meant to prevent residential water pollution. Moreover, Germany pumps market held the largest market share, and the UK pumps market was the fastest growing market in the North American region.

    Key Players and Competitive Insights

    Major market players are spending a lot of money on R&D to increase their product lines, which will help the pumps market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the pumps industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

    One of the primary business strategies adopted by manufacturers in the global pumps industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, pumps industry has provided medicine with some of the most significant benefits. 

    The pumps market major player such as Rundfos (Denmark), Sulzer (Switzerland), Flowserve (US), ITT Corporation (US), Danfoss (Denmark), Ingersoll-Rand (Ireland), The Weir Group (UK), Ebara Corp (Japan), KSB (Germany), Schlumberger (US), Nikkiso Co Ltd (Japan), Wilo AG (Germany) and Roper Industries (US).

    A international engineering firm with its Scottish headquarters in Glasgow is called The Weir Group plc. As an engineering firm, the business was founded in 1871. In February 2020, three Lewis pumps were introduced by Weir Mineral: the Horizontal Process Pump, Axial Pump, and Vertical High-Pressure Molten Salt Pump. 

    Due to fluctuating raw material prices, broken supply chains, and bad cash flows, several manufacturers were forced to incur losses as a result of the epidemic. This increased the rate of industry mergers and acquisitions, with players like Ingersoll Rand and Grundfos leading the way.

    Manufacturing firm situated in Tokyo, Japan called Ebara Corporation produces industrial and environmental machinery such pumps and turbines. In 2018, Ebara Corporation merged Ebara Indstrias Mecânicas e Comércio Ltda (EIMCO) with its fully-owned manufacturer, Thebe Bombas Hidráulicas Ltda, to create "Ebara Bombas América do Sul Ltda" (EBAS).

    Key Companies in the Pumps Market market include

    Industry Developments

    June 2021:The Jabsco rotary lobe pump product line was purchased from Xylem by the Verder Group, a Dutch firm that produces and distributes pumps and laboratory equipment. Verder's group offering in the pharmaceutical and food & beverage markets is anticipated to improve as a result of the acquisition.

    April 2021:For a cash payment of USD 470 million, IDEX Corporation reached a definitive agreement to buy investment funds managed by EagleTree Capital's Airtech Group Inc., US Valve Corporation, and affiliated entities. Positive displacement vacuum pumps, regenerative blowers, compressor systems, and valves are just a few of the engineered pressure technology products that Airtech makes and designs.

    May 2024

    Rheinmetall's plug-and-play heat pump system has received two new orders, extending its electromobility business into new markets. The first order is a high-single-digit million euro deal from an international electric bus conversion specialist, while the second is from a German off-road electric vehicle expert.

    After launching the heat pump module for electrifying drive systems in commercial vehicles, construction machines, and boats, these two new orders reflect the Group's marketing and positioning strategy's next step. The clever cooling and heating control of the heat pump pre-filled with R1234yf optimizes vehicle range, battery life, and driving comfort. Customers are receiving heat pumps with a five-year warranty for the first order and a seven-year warranty for the second.

    A thorough examination of the base vehicle and operator operating cycles is underway by the first client to convert conventional buses to electric drives. Modeling and simulating a conceptual powertrain starts with this. The drive compartment is extensively scanned for CAD and digitized to create an engine compartment-specific electrical e-drive platform after removing the diesel unit and all related components.

    Series manufacture of the second new customer's off-road electric vehicle has begun. The creators, who have competed in off-road racing like the Dakar Rally, have created a modular mining vehicle that can be used globally, even in impoverished nations. The customer's basic vehicle design prioritizes material recyclability and degradability for sustainable manufacture and a circular life cycle. 

    The heat pump optimizes vehicle battery temperature regulation for a 72.5 kWh lithium iron phosphate (LFP) battery. The system voltage may be adjusted to 850 V (HV3) if needed from 450 V (HV2). Design's maximum cooling capacity is 8 kW.

    Due to the increasingly complicated thermal management of current electric cars, regardless of application, the number of coolant and refrigerant circuit components and connections is expanding quickly. Rheinmetall's innovative energy recovery system's compact form saves installation space. For 400- and 800-volt applications, the system solution provides 8 kW nominal cooling capacity and 11 kW heating power.

    Future Outlook

    Pumps Market Future Outlook

    The global pumps market is projected to grow at a 4.43% CAGR from 2024 to 2035, driven by industrial automation, water management needs, and energy efficiency innovations.

    New opportunities lie in:

    • Invest in smart pump technologies to enhance operational efficiency and predictive maintenance.
    • Expand product lines to include eco-friendly pumps catering to sustainability trends.
    • Leverage digital platforms for remote monitoring and control solutions in pump operations.

    By 2035, the global pumps market is expected to achieve robust growth, reflecting evolving industrial demands and technological advancements.

    Market Segmentation

    Pumps Type Outlook (USD Billion, 2018-2030)

    • Positive Displacement
    • Dynamic

    Pumps End-User Outlook (USD Billion, 2018-2030)

    • Oil & Gas
    • Water & Wastewater
    • Power Generation
    • Chemicals
    • Pharmaceutical
    • Food & Beverage
    • Others

    Pumps Regional Outlook (USD Billion, 2018-2030)

    North America
    • US
    • Canada

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 USD 50.15 billion
    Market Size 2024 USD 52.51 billion
    Market Size 2032 USD 75.82 billion
    Compound Annual Growth Rate (CAGR) 3.7% (2024-2032)
    Base Year 2023
    Market Forecast Period 2024-2032
    Historical Data 2018 & 2020
    Market Forecast Units Value (USD Billion)
    Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
    Segments Covered Type, End-User and Region
    Geographies Covered North America, Europe, Asia Pacific, and Rest of the World
    Countries Covered The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies Profiled Rundfos (Denmark), Sulzer (Switzerland), Flowserve (US), ITT Corporation (US), Danfoss (Denmark), Ingersoll-Rand (Ireland), The Weir Group (UK), Ebara Corp (Japan), KSB (Germany), Schlumberger (US), Nikkiso Co Ltd (Japan), Wilo AG (Germany) and Roper Industries (US)
    Key Market Opportunities Expansion of Building and construction
    Key Market Dynamics Increased demand for water and wastewater treatment Expansion of food and beverage industries

    Market Highlights

    Author
    Priya Nagrale
    Senior Research Analyst

    With an experience of over five years in market research industry (Chemicals & Materials domain), I gather and analyze market data from diverse sources to produce results, which are then presented back to a client. Also, provide recommendations based on the findings. As a Senior Research Analyst, I perform quality checks (QC) for market estimations, QC for reports, and handle queries and work extensively on client customizations. Also, handle the responsibilities of client proposals, report planning, report finalization, and execution

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    FAQs

    How much is the pumps market?

    The Pumps Market size was valued at USD 50.15 Billion in 2023.

    What is the growth rate of the pumps market?

    The global market is projected to grow at a CAGR of 3.7% during the forecast period, 2024-2032.

    What is the key factor of the impeller that affects the performance?

    The diameter of the impeller is the key factor that affects the performance, The larger diameter of the impeller could offer higher circumferential speed as output and the heavier flow is produced.

    What are the benefits of solar pumps?

    The operational costs and management costs are minimal and reduction in electricity bills is some of the key benefits of installing solar pumps.

    Which region held the largest market share in the pumps market?

    North America had the largest share in the global market.

    Who are the key players in the pumps market?

    The key players in the market are Rundfos (Denmark), Sulzer (Switzerland), Flowserve (US), ITT Corporation (US), Danfoss (Denmark), Ingersoll-Rand (Ireland), The Weir Group (UK), Ebara Corp (Japan), KSB (Germany), Schlumberger (US), Nikkiso Co Ltd (Japan), Wilo AG (Germany) and Roper Industries (US).

    Which type led the pumps market?

    The positive displacement category dominated the market in 2021.

    Which end-user had the largest market share in the pumps market?

    The water and wastewater had the largest share in the global market.

    Pumps Market Research Report – Global Forecast till 2032 Infographic
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