Global Marine Pump Market Growth 2025-2031

The global Marine Pump market size is predicted to grow from US$ 2699 million in 2025 to US$ 4166 million in 2031; it is expected to grow at a CAGR of 7.5% from 2025 to 2031.

A marine pump is a type of pump specifically designed for use in marine environments, such as on ships, boats, offshore platforms, and other maritime applications. These pumps are crucial for various operations, including ballast transfer, bilge pumping, fuel transfer, cooling, and firefighting.

The global marine pump market is witnessing steady growth, driven by the expanding maritime industry, rising global trade, and increasing demand for commercial and naval vessels. Marine pumps, essential for various applications like ballast control, bilge water management, cooling systems, and firefighting, are integral to maintaining vessel safety and operational efficiency. The market benefits from stricter environmental regulations emphasizing sustainable and energy-efficient pumping solutions to reduce marine pollution and improve fuel efficiency. The transition toward LNG-powered vessels and hybrid propulsion systems further fuels the need for advanced, high-capacity marine pumps. Asia-Pacific holds a significant share of the market, led by major shipbuilding nations such as China, South Korea, and Japan. Europe and North America also contribute notably due to their strong naval fleets and established marine infrastructure. However, the market faces challenges from fluctuating raw material prices, high maintenance costs, and the impact of global economic slowdowns on shipbuilding activities. Key players are focusing on innovation, developing corrosion-resistant, energy-efficient, and smart IoT-enabled pumps to optimize performance and reduce downtime. The increasing adoption of automated monitoring systems and predictive maintenance strategies further enhances operational efficiency. As the maritime sector emphasizes sustainability and advanced technologies, the marine pump market is expected to expand, with a strong focus on eco-friendly and digitally integrated solutions.

LP Information, Inc. (LPI) ' newest research report, the “Marine Pump Industry Forecast” looks at past sales and reviews total world Marine Pump sales in 2024, providing a comprehensive analysis by region and market sector of projected Marine Pump sales for 2025 through 2031. With Marine Pump sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Marine Pump industry.

This Insight Report provides a comprehensive analysis of the global Marine Pump landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Marine Pump portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Marine Pump market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Marine Pump and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Marine Pump.

This report presents a comprehensive overview, market shares, and growth opportunities of Marine Pump market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Screw Pump
Centrifugal Pump
Gear Pump

Segmentation by Application:
Civil & Commercial Ship
Military Ship

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Grundfos
KSB Group
Zhenhua Haike
Settima Meccanica
Wastecorp Pumps
SPX FLOW
Scot Pump
Ampco Pumps
Xylem
Framo
Edson Marine
IDEX Pump
CIRCOR International
Svanehoj
Castle Pumps
Albany Pumps
CEM elettromeccanica Srl
Matromarines
Shunda Pump
TianJin Pumps & Machinery Group
IRON Pump

Key Questions Addressed in this Report

What is the 10-year outlook for the global Marine Pump market?

What factors are driving Marine Pump market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Marine Pump market opportunities vary by end market size?

How does Marine Pump break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.