Industrial Pumps Market Growth Analysis Report - Market Size, Share, Forecast Trends and Outlook (2025-2034)
Description
The global industrial pumps market attained an approximate value of USD 67.56 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 3.90% to reach about USD 99.05 Billion by 2034.
Global Industrial Pumps Market Growth
The industrial pumps demand growth is being aided by the increased demand for water and wastewater management. Efficient and reliable pumping solutions are critical to effectively treat water and distribute it because of growing global water scarcity issues and increasing urbanization.
The other factors include the expansion of industrial automation and smart technologies. The integration of pumps with IoT and advanced control systems makes the product efficient in operations, predictive in maintenance, and real-time monitoring thus making these solutions very attractive across sectors. These two factors bolster the growth of the industrial pumps industry by acting in two ways and they meet imperative infrastructure needs and technological advancement.
Key Trends and Recent Developments
Energy efficiency solutions, smart technologies, and the adoption of renewable energy to open up new industrial pumps market opportunities.
October 2023
Kaishan USA introduced the latest addition to their ever-growing line of industrial vacuum pump units: the KRSV oil-flooded rotary screw vacuum pumps. These new Kaishan KRSV Series rotary screw vacuum pumps come fully packaged and out-of-the-box ready to be plugged into any system or operate independently.
July 2024
HYTORC Introduces the LIGHTNINGTM PUMP Series. The LIGHTNINGTM PUMP Series, with its state-of-the-art LIGHTNING – Smart Model, brings a new frontier in hydraulic pump technology.
June 2024
Roto Pumps introduces the new Wear Compensation Stator, a breakthrough technology in Progressive Cavity Pump technology. With the unique design of the Roto Wear Compensation Stator, control and regulation of the efficiency of Progressive Cavity Pumps are now possible.
April 2023
Kirloskar Brothers Limited has launched its newest product: the DBxe Pump. With its unique design parameters and extensive features, this pump is sure to change the face of the pumping industry.
Increasing Demand in Energy Efficiency
Due to the ever-increasing cost of energy and environmental legislation, the trend is shifting towards energy-efficient pumps. Manufacturers are boosting their industrial pumps industry revenue through advanced technologies in pumps and designs that reduce energy consumption, offer better operational efficiency, and lead to a reduction in lifecycle costs.
Growth in End-Use Industries
The rise in demand from its key end-use industries, such as oil and gas, water and wastewater treatment, and chemical processing, is a significant trend of industrial pumps market. This growth in these end-use industries is driven by infrastructure development and the rise in the need for efficient fluid management solutions.
Advancements in Smart Pump Technology
Increasingly within industrial pumps, integration with IoT and smart sensors takes the lead. Such technologies offer real-time monitoring and predictive maintenance; high-level control raises operational efficiency while at the same time reducing possible downtime.
Increased Adoption of Renewable Energy Sources
With the quickening pace of the world shifting to renewable energy, the demand for pumps aiding renewable energy applications, such as geothermal and solar thermal systems, is bound to rise. These pumps are tailored for particular fluids and operational conditions associated with renewable energy technologies, driving the growth of industrial pumps market.
Industrial Pumps Market Trends
The global market for industrial pumps is primarily propelled by the rising application of automation in industries. Utilising machines to move different materials within a factory is crucial for profitability, as well as efficiency both in terms of time and losses due to transit damage. In addition, the growth of the refinery industry and emerging factories all over the world guarantees healthy growth for the industry.
The rising assessment activities in the oil and gas sector are anticipated to augment the demand for industrial pumps over the forecast period. Furthermore, key market players are providing a boost to the growth of industrial pumps industry by investing in the R&D sector to assess the possibility of incorporation of advanced technology to further enhance the efficiency both in terms of energy consumption and maintenance of the products. However, on the flip side, stringent policies and awareness regarding carbon emissions can potentially impede the market.
Industrial Pumps Industry Segmentation
“Global Industrial Pumps Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Based on product, the industry is segmented into: Axial Flow Pump
Radial Flow Pump
Mixed Flow Pump Reciprocating
Rotary
Others
Centrifugal Pumps To Gain Prominence For Their Versatility In Handling Various Fluids
As per industrial pumps industry analysis, the centrifugal pump segment is likely to witness high growth on account of the flexibility it has in handling a variety of liquids efficiently. The advantages of handling large volumes and several fluid types make them important constituents for industries such as water and wastewater treatment, oil and gas, and chemical processing.
All of these uses result in high efficiency and cost-effectiveness, which would fuel their demand. Particularly for rotary types, there will be a growing need for positive displacement pumps used in applications requiring very fine fluid handling and higher pressures, such as in the chemical and pharmaceutical industries. Their ability for repeatable flow delivery and handing viscous fluids is of growing importance.
Water And Wastewater Application To Soar In Demand Owing To Better Water And Waste Management
By application, the water and wastewater segment is expected to gain significant growth and boost the industrial pumps demand, driven by growing global water scarcity and the related need for proper water management systems. Rising urbanization and industrialization are demanding adequate treatment of wastewater and the supply of water. Tightening regulations and rising concerns for the environment underline the need for investments in advanced pumping technologies for water and wastewater management. The oil and gas industry will remain a high-growth application area in this case, where there are continuous exploration and production activities that call for rugged, reliable pumps to handle fluids under very trying conditions. Both sectors form the mainstay of future growth in industrial pumps.
Industrial Pumps Market Regional Analysis
Asia Pacific To Continue Its Dominance During The Forecast Period Due To Various Expansion Projects
Based on the region, Asia Pacific is expected to continue its dominance in the market during the forecast period. China occupies a significant share in the contribution to the growth of the regional market, owing to the several ongoing infrastructure projects and their expansion plans in the country. Furthermore, the relatively significant growth of the industry in the developing nations of the region is a crucial driver for this incline. In the product range, centrifugal pumps accounted for the largest share of the market in the previous years.
This trend is estimated to continue over the coming years attributing to the flourishing hydraulic fracturing in the oil and gas industry in major industrial regions. This is likely to augment the industrial pumps market share in Asia Pacific.
Competitive Landscape
Key players focus on the effective manufacturing of industrial pumps for managing water, treating wastewater, and other industrial applications while underlining innovation and sustainability and thus boosting the demand of industrial pumps market globally.
Grundfos Pumps Corporation,
Grundfos Pumps Corporation, founded in 1945 and based in Bjerringbro, Denmark, manufactures a range of industrial pumps, including centrifugal, multistage, and submersible pumps, for water supply, wastewater management, and industrial processes, which focus on energy efficiency and reliability.
Xylem Inc.
Xylem Inc., founded in 2011 and has its headquarters in Rye Brook, New York, offers an industrially diversified platform of pump solutions, such as centrifugal, progressive cavity, and diaphragm pumps. The products help in the management of water and wastewater, industrial processes, and agricultural applications. Their key competencies rest on innovative technologies and sustainability.
Trane Technologies plc
Trane Technologies plc, based in Dublin, Ireland, and founded in 1913, offers its industrial pumps under the brand name Trane. It designs and manufactures both centrifugal and screw pumps for HVAC systems and industrial applications, offering innovative solutions to their customers for efficiency and performance in climate control and energy management.
Other key players in the industrial pumps market include KSB SE & Co. KGaA, and Iwaki America, Inc., among others.
More Insights On
North America Industrial Pumps Market
India Industrial Pumps Market
Industrial Pumps Market Report Snapshots
Industrial Pumps Companies
Global Industrial Pumps Market Growth
The industrial pumps demand growth is being aided by the increased demand for water and wastewater management. Efficient and reliable pumping solutions are critical to effectively treat water and distribute it because of growing global water scarcity issues and increasing urbanization.
The other factors include the expansion of industrial automation and smart technologies. The integration of pumps with IoT and advanced control systems makes the product efficient in operations, predictive in maintenance, and real-time monitoring thus making these solutions very attractive across sectors. These two factors bolster the growth of the industrial pumps industry by acting in two ways and they meet imperative infrastructure needs and technological advancement.
Key Trends and Recent Developments
Energy efficiency solutions, smart technologies, and the adoption of renewable energy to open up new industrial pumps market opportunities.
October 2023
Kaishan USA introduced the latest addition to their ever-growing line of industrial vacuum pump units: the KRSV oil-flooded rotary screw vacuum pumps. These new Kaishan KRSV Series rotary screw vacuum pumps come fully packaged and out-of-the-box ready to be plugged into any system or operate independently.
July 2024
HYTORC Introduces the LIGHTNINGTM PUMP Series. The LIGHTNINGTM PUMP Series, with its state-of-the-art LIGHTNING – Smart Model, brings a new frontier in hydraulic pump technology.
June 2024
Roto Pumps introduces the new Wear Compensation Stator, a breakthrough technology in Progressive Cavity Pump technology. With the unique design of the Roto Wear Compensation Stator, control and regulation of the efficiency of Progressive Cavity Pumps are now possible.
April 2023
Kirloskar Brothers Limited has launched its newest product: the DBxe Pump. With its unique design parameters and extensive features, this pump is sure to change the face of the pumping industry.
Increasing Demand in Energy Efficiency
Due to the ever-increasing cost of energy and environmental legislation, the trend is shifting towards energy-efficient pumps. Manufacturers are boosting their industrial pumps industry revenue through advanced technologies in pumps and designs that reduce energy consumption, offer better operational efficiency, and lead to a reduction in lifecycle costs.
Growth in End-Use Industries
The rise in demand from its key end-use industries, such as oil and gas, water and wastewater treatment, and chemical processing, is a significant trend of industrial pumps market. This growth in these end-use industries is driven by infrastructure development and the rise in the need for efficient fluid management solutions.
Advancements in Smart Pump Technology
Increasingly within industrial pumps, integration with IoT and smart sensors takes the lead. Such technologies offer real-time monitoring and predictive maintenance; high-level control raises operational efficiency while at the same time reducing possible downtime.
Increased Adoption of Renewable Energy Sources
With the quickening pace of the world shifting to renewable energy, the demand for pumps aiding renewable energy applications, such as geothermal and solar thermal systems, is bound to rise. These pumps are tailored for particular fluids and operational conditions associated with renewable energy technologies, driving the growth of industrial pumps market.
Industrial Pumps Market Trends
The global market for industrial pumps is primarily propelled by the rising application of automation in industries. Utilising machines to move different materials within a factory is crucial for profitability, as well as efficiency both in terms of time and losses due to transit damage. In addition, the growth of the refinery industry and emerging factories all over the world guarantees healthy growth for the industry.
The rising assessment activities in the oil and gas sector are anticipated to augment the demand for industrial pumps over the forecast period. Furthermore, key market players are providing a boost to the growth of industrial pumps industry by investing in the R&D sector to assess the possibility of incorporation of advanced technology to further enhance the efficiency both in terms of energy consumption and maintenance of the products. However, on the flip side, stringent policies and awareness regarding carbon emissions can potentially impede the market.
Industrial Pumps Industry Segmentation
“Global Industrial Pumps Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:
Based on product, the industry is segmented into:
- Centrifugal Pump
- Positive Displacement Pump
- Others
- Oil and Gas
- Chemicals
- Construction
- Power
- Water and Wastewater
- Others
- North America
- Latin America
- Asia Pacific
- Europe
- Middle East and Africa
Centrifugal Pumps To Gain Prominence For Their Versatility In Handling Various Fluids
As per industrial pumps industry analysis, the centrifugal pump segment is likely to witness high growth on account of the flexibility it has in handling a variety of liquids efficiently. The advantages of handling large volumes and several fluid types make them important constituents for industries such as water and wastewater treatment, oil and gas, and chemical processing.
All of these uses result in high efficiency and cost-effectiveness, which would fuel their demand. Particularly for rotary types, there will be a growing need for positive displacement pumps used in applications requiring very fine fluid handling and higher pressures, such as in the chemical and pharmaceutical industries. Their ability for repeatable flow delivery and handing viscous fluids is of growing importance.
Water And Wastewater Application To Soar In Demand Owing To Better Water And Waste Management
By application, the water and wastewater segment is expected to gain significant growth and boost the industrial pumps demand, driven by growing global water scarcity and the related need for proper water management systems. Rising urbanization and industrialization are demanding adequate treatment of wastewater and the supply of water. Tightening regulations and rising concerns for the environment underline the need for investments in advanced pumping technologies for water and wastewater management. The oil and gas industry will remain a high-growth application area in this case, where there are continuous exploration and production activities that call for rugged, reliable pumps to handle fluids under very trying conditions. Both sectors form the mainstay of future growth in industrial pumps.
Industrial Pumps Market Regional Analysis
Asia Pacific To Continue Its Dominance During The Forecast Period Due To Various Expansion Projects
Based on the region, Asia Pacific is expected to continue its dominance in the market during the forecast period. China occupies a significant share in the contribution to the growth of the regional market, owing to the several ongoing infrastructure projects and their expansion plans in the country. Furthermore, the relatively significant growth of the industry in the developing nations of the region is a crucial driver for this incline. In the product range, centrifugal pumps accounted for the largest share of the market in the previous years.
This trend is estimated to continue over the coming years attributing to the flourishing hydraulic fracturing in the oil and gas industry in major industrial regions. This is likely to augment the industrial pumps market share in Asia Pacific.
Competitive Landscape
Key players focus on the effective manufacturing of industrial pumps for managing water, treating wastewater, and other industrial applications while underlining innovation and sustainability and thus boosting the demand of industrial pumps market globally.
Grundfos Pumps Corporation,
Grundfos Pumps Corporation, founded in 1945 and based in Bjerringbro, Denmark, manufactures a range of industrial pumps, including centrifugal, multistage, and submersible pumps, for water supply, wastewater management, and industrial processes, which focus on energy efficiency and reliability.
Xylem Inc.
Xylem Inc., founded in 2011 and has its headquarters in Rye Brook, New York, offers an industrially diversified platform of pump solutions, such as centrifugal, progressive cavity, and diaphragm pumps. The products help in the management of water and wastewater, industrial processes, and agricultural applications. Their key competencies rest on innovative technologies and sustainability.
Trane Technologies plc
Trane Technologies plc, based in Dublin, Ireland, and founded in 1913, offers its industrial pumps under the brand name Trane. It designs and manufactures both centrifugal and screw pumps for HVAC systems and industrial applications, offering innovative solutions to their customers for efficiency and performance in climate control and energy management.
Other key players in the industrial pumps market include KSB SE & Co. KGaA, and Iwaki America, Inc., among others.
More Insights On
North America Industrial Pumps Market
India Industrial Pumps Market
Industrial Pumps Market Report Snapshots
Industrial Pumps Companies
Table of Contents
160 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Regions
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Industrial Pumps Market Analysis
- 5.1 Key Industry Highlights
- 5.2 Global Industrial Pumps Historical Market (2018-2024)
- 5.3 Global Industrial Pumps Market Forecast (2025-2034)
- 5.4 Global Industrial Pumps Market by Product
- 5.4.1 Centrifugal Pump
- 5.4.1.1 Historical Trend (2018-2024)
- 5.4.1.2 Forecast Trend (2025-2034)
- 5.4.1.2.1 Axial Flow Pump
- 5.4.1.2.2 Radial Flow Pump
- 5.4.1.2.3 Mixed Flow Pump
- 5.4.2 Positive Displacement Pump
- 5.4.2.1 Historical Trend (2018-2024)
- 5.4.2.2 Forecast Trend (2025-2034)
- 5.4.2.2.1 Reciprocating
- 5.4.2.2.2 Rotary
- 5.4.2.2.3 Others
- 5.4.3 Others
- 5.5 Global Industrial Pumps Market by Application
- 5.5.1 Oil and Gas
- 5.5.1.1 Historical Trend (2018-2024)
- 5.5.1.2 Forecast Trend (2025-2034)
- 5.5.2 Chemicals
- 5.5.2.1 Historical Trend (2018-2024)
- 5.5.2.2 Forecast Trend (2025-2034)
- 5.5.3 Construction
- 5.5.3.1 Historical Trend (2018-2024)
- 5.5.3.2 Forecast Trend (2025-2034)
- 5.5.4 Power
- 5.5.4.1 Historical Trend (2018-2024)
- 5.5.4.2 Forecast Trend (2025-2034)
- 5.5.5 Water and Wastewater
- 5.5.5.1 Historical Trend (2018-2024)
- 5.5.5.2 Forecast Trend (2025-2034)
- 5.5.6 Others
- 5.6 Global Industrial Pumps Market by Region
- 5.6.1 North America
- 5.6.1.1 Historical Trend (2018-2024)
- 5.6.1.2 Forecast Trend (2025-2034)
- 5.6.2 Europe
- 5.6.2.1 Historical Trend (2018-2024)
- 5.6.2.2 Forecast Trend (2025-2034)
- 5.6.3 Asia Pacific
- 5.6.3.1 Historical Trend (2018-2024)
- 5.6.3.2 Forecast Trend (2025-2034)
- 5.6.4 Latin America
- 5.6.4.1 Historical Trend (2018-2024)
- 5.6.4.2 Forecast Trend (2025-2034)
- 5.6.5 Middle East and Africa
- 5.6.5.1 Historical Trend (2018-2024)
- 5.6.5.2 Forecast Trend (2025-2034)
- 6 North America Industrial Pumps Market Analysis
- 6.1 United States of America
- 6.1.1 Historical Trend (2018-2024)
- 6.1.2 Forecast Trend (2025-2034)
- 6.2 Canada
- 6.2.1 Historical Trend (2018-2024)
- 6.2.2 Forecast Trend (2025-2034)
- 7 Europe Industrial Pumps Market Analysis
- 7.1 United Kingdom
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Germany
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 France
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Italy
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Asia Pacific Industrial Pumps Market Analysis
- 8.1 China
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Japan
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 India
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 ASEAN
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Australia
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Others
- 9 Latin America Industrial Pumps Market Analysis
- 9.1 Brazil
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Argentina
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Mexico
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 Middle East and Africa Industrial Pumps Market Analysis
- 10.1 Saudi Arabia
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 United Arab Emirates
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Nigeria
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 South Africa
- 10.4.1 Historical Trend (2018-2024)
- 10.4.2 Forecast Trend (2025-2034)
- 10.5 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators for Demand
- 11.4 Key Indicators for Price
- 12 Value Chain Analysis
- 13 Trade Data Analysis (HS Code – 8413)
- 13.1 Major Exporting Countries
- 13.1.1 By Value
- 13.1.2 By Volume
- 13.2 Major Importing Countries
- 13.2.1 By Value
- 13.2.2 By Volume
- 14 Price Analysis
- 14.1 North America Historical Price Trends (2018-2024) & Forecast (2025-2034)
- 14.2 Europe Historical Price Trends (2018-2024) & Forecast (2025-2034)
- 14.3 Asia Pacific Historical Price Trends (2018-2024) & Forecast (2025-2034)
- 14.4 Latin America Historical Price Trends (2018-2024) & Forecast (2025-2034)
- 14.5 Middle East & Africa Historical Price Trends (2018-2024) & Forecast (2025-2034)
- 15 Competitive Landscape
- 15.1 Supplier Selection
- 15.2 Key Global Players
- 15.3 Key Regional Players
- 15.4 Key Player Strategies
- 15.5 Company Profiles
- 15.5.1 Grundfos Pumps Corporation
- 15.5.1.1 Company Overview
- 15.5.1.2 Product Portfolio
- 15.5.1.3 Demographic Reach and Achievements
- 15.5.1.4 Certifications
- 15.5.2 Xylem Inc.
- 15.5.2.1 Company Overview
- 15.5.2.2 Product Portfolio
- 15.5.2.3 Demographic Reach and Achievements
- 15.5.2.4 Certifications
- 15.5.3 Trane Technologies plc
- 15.5.3.1 Company Overview
- 15.5.3.2 Product Portfolio
- 15.5.3.3 Demographic Reach and Achievements
- 15.5.3.4 Certifications
- 15.5.4 KSB SE & Co. KGaA
- 15.5.4.1 Company Overview
- 15.5.4.2 Product Portfolio
- 15.5.4.3 Demographic Reach and Achievements
- 15.5.4.4 Certifications
- 15.5.5 Iwaki America, Inc.
- 15.5.5.1 Company Overview
- 15.5.5.2 Product Portfolio
- 15.5.5.3 Demographic Reach and Achievements
- 15.5.5.4 Certifications
- 15.5.6 Others
Pricing
Currency Rates
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