North America Industrial Pumps Market Growth Analysis - Forecast Trends and Outlook (2025-2034)
Description
The North America industrial pumps market reached around USD 11.68 Billion in 2024. The market is projected to grow at a CAGR of 3.40% between 2025 and 2034 to reach nearly USD 16.32 Billion by 2034.
North America Industrial Pumps Market Growth
The United States is the largest oil consumer in the world, making its demand trends crucial for global markets and energy transition goals. In 2022, the U.S. experienced growth in oil and natural gas production, with oil output reaching a peak of 12.1 million barrels per day and natural gas production hitting 121.1 billion cubic feet per day in December 2022. The oil and gas sector significantly relies on industrial pumps for various activities, including exploration, extraction, and processing. The growing interest in shale gas exploration within the United States is contributing to an increased demand for these pumps. Additionally, the expansion of refineries and petrochemical facilities necessitates the use of efficient pumping systems for fluid management, thereby propelling the market growth.
The United States is home to around 11,000 utility-scale electric power plants, which deliver electricity via more than 160,000 miles of high-voltage transmission lines. These pumps play a crucial role in power plants by facilitating the circulation of cooling water through condensers, thereby dissipating heat from the system. They ensure that turbines and other vital equipment operate within optimal temperature ranges. Industrial pumps play a crucial role in the effective and secure functioning of these power plants, facilitating numerous processes that guarantee consistent electricity production. Innovations in pump technology, including improved energy efficiency and the incorporation of intelligent monitoring systems, are continually improving their effectiveness within the energy sector.
Key Trends and Developments
Increasing Industrial Uses of Pumps; Growing Trend of Sustainability; Technological Advancements and Innovations; and the Rising Use of 3D Printing are Favouring the North America Industrial Pumps Market Expansion.
June 2024
Hayward Gordon ULC and EBARA Pumps Canada Corporation announced their strategic amalgamation to form EBARA HG ULC to strengthen its position in the industrial pumps and mixers markets.
April 2024
Texas-based Grundfos launched SE Range 48 1.5-15Hp heavy duty wastewater submersible pumps aimed at handling large amounts of wastewater and processing water in utility, municipal, and industrial applications.
January 2024
Waukesha Cherry-Burrell® (WCB), a brand of North Carolina-based SPX FLOW, launched the Universal® 2 ND Positive Displacement Pump (U2 ND) Series to enhance the performance and reliability of pumps across industrial applications while reducing total cost of ownership.
February 2023
CPC Pumps International, a Canada-based company, launched the BB5 centrifugal pump to expand its product range. The new pump can be used in carbon capture, utilisation and storage (CCUS) processes to lower carbon emissions.
Rising Industrial Applications of Pumps
Pumps are increasingly used in diverse end-use sectors, ranging from oil and gas and irrigation to wastewater and water treatment and construction, for different applications such as pumping sewage, enhancing irrigation efficiency, accelerating the flow of fluids, and moving fuels from grounds to ships.
Growing Trend of Sustainability
With the growing focus on sustainability, key players are introducing energy-efficient industrial pumps that can offer advantages like improved productivity, lowered energy costs, low maintenance costs, reliable pumping, enhanced operations, and high efficiency.
Technological Advancements and Innovations
The integration of innovative technologies such as the Internet of things (IoT) and artificial intelligence (AI) in pumps enables real-time monitoring of temperature, pressure, and vibration, facilitates proactive maintenance, and provides valuable insights regarding pump performance and maintenance needs to enhance their overall performance.
Increasing Utilisation of 3D Printing in Pump Manufacturing
3D printing is increasingly utilised in the manufacturing of complex and customised industrial pumps with intricate geometries. Advancements in 3D printing technology are expected to revolutionise industrial pump prototyping and enable the development of new pump designs in the forecast period.
North America Industrial Pumps Market Trends
The growing focus on sustainability is leading to the development of industrial pumps integrated with renewable energy sources such as solar and wind to reduce the reliance on conventional energy sources and ensure greener operations.
With rapid digitisation, key players are developing smart pumps that use sensors to monitor pressure, flow rate, and temperature in real-time for predicting maintenance needs, optimising pump performance, and preventing expensive downtimes while enhancing the reliability and operational efficiency of end-use sectors.
North America Industrial Pumps Industry Segmentation
North America Industrial Pumps Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product: Axial Flow Pump
Radial Flow Pump
Mixed Flow Pump Reciprocating
Rotary
Others
Based on the application, the market is segmented into oil and gas, chemicals, construction and building, power, water and wastewater, and food and beverage, among others. The water and wastewater sector is projected to grow at a CAGR of 3.9% during the forecast period of 2025-2034. Industrial pumps play an indispensable role in transporting water from pretreatment stages to distribution.
Leading Companies in the North America Industrial Pumps Market
Major players are focusing on the adoption of smart pumping solutions to gain a competitive edge in the market.
North America Industrial Pumps Market Growth
The United States is the largest oil consumer in the world, making its demand trends crucial for global markets and energy transition goals. In 2022, the U.S. experienced growth in oil and natural gas production, with oil output reaching a peak of 12.1 million barrels per day and natural gas production hitting 121.1 billion cubic feet per day in December 2022. The oil and gas sector significantly relies on industrial pumps for various activities, including exploration, extraction, and processing. The growing interest in shale gas exploration within the United States is contributing to an increased demand for these pumps. Additionally, the expansion of refineries and petrochemical facilities necessitates the use of efficient pumping systems for fluid management, thereby propelling the market growth.
The United States is home to around 11,000 utility-scale electric power plants, which deliver electricity via more than 160,000 miles of high-voltage transmission lines. These pumps play a crucial role in power plants by facilitating the circulation of cooling water through condensers, thereby dissipating heat from the system. They ensure that turbines and other vital equipment operate within optimal temperature ranges. Industrial pumps play a crucial role in the effective and secure functioning of these power plants, facilitating numerous processes that guarantee consistent electricity production. Innovations in pump technology, including improved energy efficiency and the incorporation of intelligent monitoring systems, are continually improving their effectiveness within the energy sector.
Key Trends and Developments
Increasing Industrial Uses of Pumps; Growing Trend of Sustainability; Technological Advancements and Innovations; and the Rising Use of 3D Printing are Favouring the North America Industrial Pumps Market Expansion.
June 2024
Hayward Gordon ULC and EBARA Pumps Canada Corporation announced their strategic amalgamation to form EBARA HG ULC to strengthen its position in the industrial pumps and mixers markets.
April 2024
Texas-based Grundfos launched SE Range 48 1.5-15Hp heavy duty wastewater submersible pumps aimed at handling large amounts of wastewater and processing water in utility, municipal, and industrial applications.
January 2024
Waukesha Cherry-Burrell® (WCB), a brand of North Carolina-based SPX FLOW, launched the Universal® 2 ND Positive Displacement Pump (U2 ND) Series to enhance the performance and reliability of pumps across industrial applications while reducing total cost of ownership.
February 2023
CPC Pumps International, a Canada-based company, launched the BB5 centrifugal pump to expand its product range. The new pump can be used in carbon capture, utilisation and storage (CCUS) processes to lower carbon emissions.
Rising Industrial Applications of Pumps
Pumps are increasingly used in diverse end-use sectors, ranging from oil and gas and irrigation to wastewater and water treatment and construction, for different applications such as pumping sewage, enhancing irrigation efficiency, accelerating the flow of fluids, and moving fuels from grounds to ships.
Growing Trend of Sustainability
With the growing focus on sustainability, key players are introducing energy-efficient industrial pumps that can offer advantages like improved productivity, lowered energy costs, low maintenance costs, reliable pumping, enhanced operations, and high efficiency.
Technological Advancements and Innovations
The integration of innovative technologies such as the Internet of things (IoT) and artificial intelligence (AI) in pumps enables real-time monitoring of temperature, pressure, and vibration, facilitates proactive maintenance, and provides valuable insights regarding pump performance and maintenance needs to enhance their overall performance.
Increasing Utilisation of 3D Printing in Pump Manufacturing
3D printing is increasingly utilised in the manufacturing of complex and customised industrial pumps with intricate geometries. Advancements in 3D printing technology are expected to revolutionise industrial pump prototyping and enable the development of new pump designs in the forecast period.
North America Industrial Pumps Market Trends
The growing focus on sustainability is leading to the development of industrial pumps integrated with renewable energy sources such as solar and wind to reduce the reliance on conventional energy sources and ensure greener operations.
With rapid digitisation, key players are developing smart pumps that use sensors to monitor pressure, flow rate, and temperature in real-time for predicting maintenance needs, optimising pump performance, and preventing expensive downtimes while enhancing the reliability and operational efficiency of end-use sectors.
North America Industrial Pumps Industry Segmentation
North America Industrial Pumps Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product:
- Centrifugal Pump
- Positive Displacement Pump
- Others
- Oil and Gas
- Chemicals
- Construction
- Power
- Water and Wastewater
- Food and Beverage
- Others
- United States
- Canada
Based on the application, the market is segmented into oil and gas, chemicals, construction and building, power, water and wastewater, and food and beverage, among others. The water and wastewater sector is projected to grow at a CAGR of 3.9% during the forecast period of 2025-2034. Industrial pumps play an indispensable role in transporting water from pretreatment stages to distribution.
Leading Companies in the North America Industrial Pumps Market
Major players are focusing on the adoption of smart pumping solutions to gain a competitive edge in the market.
- Ingersoll Rand Inc.
- Grundfos Holding A/S
- Flowserve Corp.
- Xylem Inc.
- Franklin Electric Co. Inc.
- Sulzer AG
- Ebara Corp.
- ITT Inc.
- SPX FLOW, Inc.
- Iwaki America, Inc.
- KSB SE & Co. KGaA
- CIRCOR International, Inc.
- Others
Table of Contents
175 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 Countries
- 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 Overview
- 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 Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 North America Industrial Pumps Market Overview
- 6.1 Key Industry Highlights
- 6.2 North America Industrial Pumps Historical Market (2018-2024)
- 6.3 North America Industrial Pumps Market Forecast (2025-2034)
- 7 North America Industrial Pumps Market by Product
- 7.1 Centrifugal Pump
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.1.3 Breakup by Type
- 7.1.3.1 Axial Flow Pump
- 7.1.3.2 Radial Flow Pump
- 7.1.3.3 Mixed Flow Pump
- 7.2 Positive Displacement Pump
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.2.3 Breakup by Type
- 7.2.3.1 Reciprocating
- 7.2.3.2 Rotary
- 7.2.3.3 Others
- 7.3 Others
- 8 North America Industrial Pumps Market by Application
- 8.1 Oil and Gas
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Chemicals
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Construction
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 8.4 Power
- 8.4.1 Historical Trend (2018-2024)
- 8.4.2 Forecast Trend (2025-2034)
- 8.5 Water and Wastewater
- 8.5.1 Historical Trend (2018-2024)
- 8.5.2 Forecast Trend (2025-2034)
- 8.6 Food and Beverage
- 8.6.1 Historical Trend (2018-2024)
- 8.6.2 Forecast Trend (2025-2034)
- 8.7 Others
- 9 North America Industrial Pumps Market by Country
- 9.1 United States
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Canada
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 10 Market Dynamics
- 10.1 SWOT Analysis
- 10.1.1 Strengths
- 10.1.2 Weaknesses
- 10.1.3 Opportunities
- 10.1.4 Threats
- 10.2 Porter’s Five Forces Analysis
- 10.2.1 Supplier’s Power
- 10.2.2 Buyer’s Power
- 10.2.3 Threat of New Entrants
- 10.2.4 Degree of Rivalry
- 10.2.5 Threat of Substitutes
- 10.3 Key Indicators of Demand
- 10.4 Key Indicators of Price
- 11 Competitive Landscape
- 11.1 Supplier Selection
- 11.2 Key Global Players
- 11.3 Key Regional Players
- 11.4 Key Player Strategies
- 11.5 Company Profiles
- 11.5.1 Ingersoll Rand Inc.
- 11.5.1.1 Company Overview
- 11.5.1.2 Product Portfolio
- 11.5.1.3 Demographic Reach and Achievements
- 11.5.1.4 Certifications
- 11.5.2 Grundfos Holding A/S
- 11.5.2.1 Company Overview
- 11.5.2.2 Product Portfolio
- 11.5.2.3 Demographic Reach and Achievements
- 11.5.2.4 Certifications
- 11.5.3 Flowserve Corp.
- 11.5.3.1 Company Overview
- 11.5.3.2 Product Portfolio
- 11.5.3.3 Demographic Reach and Achievements
- 11.5.3.4 Certifications
- 11.5.4 Xylem Inc.
- 11.5.4.1 Company Overview
- 11.5.4.2 Product Portfolio
- 11.5.4.3 Demographic Reach and Achievements
- 11.5.4.4 Certifications
- 11.5.5 Franklin Electric Co. Inc.
- 11.5.5.1 Company Overview
- 11.5.5.2 Product Portfolio
- 11.5.5.3 Demographic Reach and Achievements
- 11.5.5.4 Certifications
- 11.5.6 Sulzer AG
- 11.5.6.1 Company Overview
- 11.5.6.2 Product Portfolio.
- 11.5.6.3 Demographic Reach and Achievements
- 11.5.6.4 Certifications
- 11.5.7 Ebara Corp.
- 11.5.7.1 Company Overview
- 11.5.7.2 Product Portfolio
- 11.5.7.3 Demographic Reach and Achievements
- 11.5.7.4 Certifications
- 11.5.8 ITT Inc.
- 11.5.8.1 Company Overview
- 11.5.8.2 Product Portfolio
- 11.5.8.3 Demographic Reach and Achievements
- 11.5.8.4 Certifications
- 11.5.9 SPX Flow, Inc.
- 11.5.9.1 Company Overview
- 11.5.9.2 Product Portfolio
- 11.5.9.3 Demographic Reach and Achievements
- 11.5.9.4 Certifications
- 11.5.10 Iwaki America, Inc.
- 11.5.10.1 Company Overview
- 11.5.10.2 Product Portfolio
- 11.5.10.3 Demographic Reach and Achievements
- 11.5.10.4 Certifications
- 11.5.11 KSB SE & Co. KGaA
- 11.5.11.1 Company Overview
- 11.5.11.2 Product Portfolio
- 11.5.11.3 Demographic Reach and Achievements
- 11.5.11.4 Certifications
- 11.5.12 CIRCOR International Inc.
- 11.5.12.1 Company Overview
- 11.5.12.2 Product Portfolio
- 11.5.12.3 Demographic Reach and Achievements
- 11.5.12.4 Certifications
- 11.5.13 Others
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