Industrial Pump Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2025-2034
Description
The Global Industrial Pump Market was valued at USD 8.5 billion in 2024 and is estimated to grow at a CAGR of 5.9% to reach USD 15.1 billion by 2034.
Market growth is driven by expanding oil & gas capacity additions, rising water and wastewater treatment needs, and accelerating industrial automation across manufacturing and process industries. With increasing focus on energy-efficient operations, industries are actively replacing legacy pumping systems with advanced, variable-speed, digitally monitored units that support predictive maintenance and reduce lifecycle operating costs. The push toward decarbonization and sustainable industrial processes is further stimulating demand for smart pump technologies capable of optimizing flow, pressure, and energy consumption in real time.
Among product categories, the centrifugal pumps dominated the market in 2024 with USD 599.9 million, benefiting from their widespread use in chemicals, water treatment, petroleum refining, power generation, and food processing. Their simple design, low maintenance needs, and compatibility with high-volume fluid transfer make them essential across both continuous and batch-processing plants.
The electric and solar pumps segment reached USD 7.7 billion in 2024, driven by rising energy-efficiency requirements, decarbonization policies, and the increasing push for renewable-powered industrial infrastructure. Electric pumps continue to gain strong adoption due to their precise control, lower operating costs, and compatibility with automation and variable-speed drives, making them ideal for water treatment, chemical processing, and manufacturing environments aiming to reduce energy waste.
Asia Pacific Industrial Pump Market generated USD 3.5 billion in 2024, supported by rapid industrialization, large-scale infrastructure development, and expanding manufacturing hubs in China, India, Japan, and Southeast Asia. The region’s investments in clean water supply networks, wastewater treatment upgrades, petrochemical expansions, and mining operations continue to generate robust demand for advanced pumping systems. Additionally, government initiatives promoting energy-efficient equipment adoption across industrial facilities are accelerating replacement demand, further strengthening APAC’s leadership position in the global market.
The Global Industrial Pump Market is characterized by strong competition from global leaders such as Grundfos, Xylem, Sulzer, Flowserve Corporation, KSB SE, ITT Inc., Ebara Corporation, Wilo Group, Weir Group, SPX Flow, Baker Hughes, and Pentair, along with several regional manufacturers supplying cost-effective pump solutions. These companies are prioritizing product innovation, expanding service networks, integrating IoT-based remote monitoring capabilities, and strengthening supply chains to enhance their global market foothold. Companies in the Industrial Pump Market are focusing on advanced engineering, digital innovation, and expanded service capabilities to strengthen their competitive positioning. Most manufacturers are investing heavily in smart pumps equipped with IoT sensors, AI-driven diagnostic tools, and cloud-based monitoring platforms that enhance operational reliability and reduce downtime. Product portfolios are being diversified toward energy-efficient and variable-speed pumps to help industries meet sustainability and carbon-reduction targets.
Market growth is driven by expanding oil & gas capacity additions, rising water and wastewater treatment needs, and accelerating industrial automation across manufacturing and process industries. With increasing focus on energy-efficient operations, industries are actively replacing legacy pumping systems with advanced, variable-speed, digitally monitored units that support predictive maintenance and reduce lifecycle operating costs. The push toward decarbonization and sustainable industrial processes is further stimulating demand for smart pump technologies capable of optimizing flow, pressure, and energy consumption in real time.
Among product categories, the centrifugal pumps dominated the market in 2024 with USD 599.9 million, benefiting from their widespread use in chemicals, water treatment, petroleum refining, power generation, and food processing. Their simple design, low maintenance needs, and compatibility with high-volume fluid transfer make them essential across both continuous and batch-processing plants.
The electric and solar pumps segment reached USD 7.7 billion in 2024, driven by rising energy-efficiency requirements, decarbonization policies, and the increasing push for renewable-powered industrial infrastructure. Electric pumps continue to gain strong adoption due to their precise control, lower operating costs, and compatibility with automation and variable-speed drives, making them ideal for water treatment, chemical processing, and manufacturing environments aiming to reduce energy waste.
Asia Pacific Industrial Pump Market generated USD 3.5 billion in 2024, supported by rapid industrialization, large-scale infrastructure development, and expanding manufacturing hubs in China, India, Japan, and Southeast Asia. The region’s investments in clean water supply networks, wastewater treatment upgrades, petrochemical expansions, and mining operations continue to generate robust demand for advanced pumping systems. Additionally, government initiatives promoting energy-efficient equipment adoption across industrial facilities are accelerating replacement demand, further strengthening APAC’s leadership position in the global market.
The Global Industrial Pump Market is characterized by strong competition from global leaders such as Grundfos, Xylem, Sulzer, Flowserve Corporation, KSB SE, ITT Inc., Ebara Corporation, Wilo Group, Weir Group, SPX Flow, Baker Hughes, and Pentair, along with several regional manufacturers supplying cost-effective pump solutions. These companies are prioritizing product innovation, expanding service networks, integrating IoT-based remote monitoring capabilities, and strengthening supply chains to enhance their global market foothold. Companies in the Industrial Pump Market are focusing on advanced engineering, digital innovation, and expanded service capabilities to strengthen their competitive positioning. Most manufacturers are investing heavily in smart pumps equipped with IoT sensors, AI-driven diagnostic tools, and cloud-based monitoring platforms that enhance operational reliability and reduce downtime. Product portfolios are being diversified toward energy-efficient and variable-speed pumps to help industries meet sustainability and carbon-reduction targets.
Table of Contents
495 Pages
- Chapter 1 Methodology
- 1.1 Industry coverage
- 1.2 Market scope and definitions
- 1.3 Research design
- 1.4 Market size estimates and calculations
- 1.4.1 Approach 1: Company revenue share analysis
- 1.4.2 Approach 2: Data mining approach (investor presentations)
- 1.4.3 Approach 3: Parent market analysis
- 1.5 Key trends for market estimates
- 1.6 Forecast model
- 1.7 Primary research & validation
- 1.7.1 Primary sources
- 1.7.2 Data mining sources
- 1.7.2.1 Paid sources 35
- 1.7.2.2 Public sources
- Chapter 2 Executive Summary
- 2.1 Industry 360 degree synopsis
- 2.1.1 Business trends
- 2.1.2 Pump Type trends
- 2.1.3 Power Source trends
- 2.1.4 Flow Rate trends
- 2.1.5 Power trends
- 2.1.6 Technology trends
- 2.1.7 End User Industry trends
- 2.1.8 By Product Type, By End User Industry trends
- 2.1.9 Distribution Channel trends
- 2.1.10 Region trends
- 2.2 CXO perspectives: strategic imperatives
- 2.2.1 Key decision points for industry executives
- 2.2.2 Critical success factors for market players
- 2.3 Future outlook and strategic recommendations
- 2.3.1 Future outlook
- 2.4 Industrial Pump Service Market
- 2.4.1 Market Overview
- 2.4.1.1 Type 87
- 2.4.1.1.1 Scheduled Maintenance Services
- 2.4.1.1.2 Condition-Based Maintenance Services
- 2.4.1.1.3 Emergency Repair Services
- 2.4.1.1.4 Overhaul & Refurbishment Services
- 2.4.1.1.5 Installation & Commissioning Services
- 2.4.1.2 End User Industry
- 2.4.1.2.1 Industrial water and wastewater treatment
- 2.4.1.2.2 Desalination and Water Purification Plants
- 2.4.1.2.3 Chemicals and Petrochemicals
- 2.4.1.2.4 Traditional Chemicals Processing
- 2.4.1.2.5 Biofuels Production
- 2.4.1.2.6 Petrochemicals Refining
- 2.4.1.2.7 Food and Beverages
- 2.4.1.2.8 Distilled Spirits Manufacturing
- 2.4.1.2.9 Pulp & Paper
- 2.4.1.2.10 HVAC Systems in Buildings
- 2.4.1.2.11 Building Services Pumps:
- 2.4.1.3 Pump Technology
- 2.4.1.3.1 Centrifugal Pumps
- 2.4.1.3.2.1 Positive Displacement Pumps
- 2.4.1.3.3 Diaphragm pumps
- 2.4.1.3.4 Gear Pumps
- 2.4.1.3.5 Screw Pumps
- 2.4.1.3.6 Others
- 2.4.2 Market Insights
- 2.4.2.1 Growth drivers
- 2.4.2.2 Pitfalls and challenges
- 2.4.2.3 Opportunities
- 2.4.3 Competition dashboard
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Suppliers Landscape
- 3.1.2 Profit Margin100
- 3.1.3 Value addition at each stage
- 3.1.4 Factor affecting the value chain
- 3.2 Industry impact forces
- 3.2.1 Growth drivers
- 3.2.1.1 Increasing demand from end use industries
- 3.2.1.2 Global industrialization and manufacturing expansion
- 3.2.2 Industry pitfalls & challenges
- 3.2.2.1 High capital investment
- 3.2.2.2 High energy consumption
- 3.2.3 Opportunities
- 3.2.3.1 Digital transformation in pumps market
- 3.2.3.2 Retrofitting for Energy Efficiency
- 3.2.3.3 Rising Demand from New-Energy Sectors
- 3.3 Growth potential analysis
- 3.4 Future market trends
- 3.5 Technological and innovation landscape
- 3.5.1 Current technological trends
- 3.5.2 Emerging technologies
- 3.6 Price analysis
- 3.6.1 By region 111
- 3.6.1.1 North America
- 3.6.1.2 Europe
- 3.6.1.3 Asia Pacific
- 3.6.1.4 Latin America
- 3.6.1.5 Middle East and Africa
- 3.7 Regulatory landscape
- 3.7.1 Standards and compliance requirements
- 3.7.2 Standards and compliance requirements
- 3.7.3 Certification standards
- 3.8 Trade statistics
- 3.8.1 Major Importing countries
- 3.8.2 Major exporting countries
- 3.9 Porter's analysis
- 3.10 PESTEL analysis
- Chapter 4 Competitive Landscape
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.2.1 North America
- 4.2.2 Europe
- 4.2.3 Asia Pacific
- 4.2.4 Latin America
- 4.2.5 Middle East and Africa
- 4.3 Company matrix analysis
- 4.4 Market Analysis for Alfa Laval's applications
- 4.4.1 Market size
- 4.4.2 Technology trends
- 4.4.3 Competitive benchmarking
- 4.5 Competitive analysis of major market players
- 4.6 Competitive positioning matrix
- 4.7 Key developments
- 4.7.1 Mergers & acquisitions (Companies Revenue (â¥100 MEUR)
- 4.7.2 Partnerships & collaborations
- 4.7.3 New Product Launches
- 4.7.4 Expansion Plans
- Chapter 5 Global Industrial Pump Market, By Pump Type
- 5.1 Centrifugal pumps
- 5.2 Positive displacement pumps
- 5.3 Diaphragm pumps
- 5.4 Gear pumps
- 5.5 Screw pumps
- 5.6 Others
- Chapter 6 Global Industrial Pump Market, By Power Source
- 6.1 Electric & solar pumps
- 6.2 Diesel pumps
- 6.3 Others
- Chapter 7 Global Industrial Pump Market, By Flow Rate
- 7.1 Below 50 m³/h
- 7.2 50-200 m³/h
- 7.3 200-500 m³/h
- 7.4 500-1,500 m³/h
- 7.5 1,500-5,000 m³/h
- 7.6 Above 5,000 m³/h
- 7.6.1 Flow Rate trends
- Chapter 8 Global Industrial Pump Market, By Power
- 8.1 Below 100 HP
- 8.2 100-300 HP
- 8.3 300-750 HP
- 8.4 750-1,500 HP
- 8.5 Above 1,500 HP
- 8.5.1 Power trends
- Chapter 9 Global Industrial Pump Market, By Technology
- 9.1 Conventional
- 9.2 Smart
- Chapter 10 Global Industrial Pump Market, By End User Industry
- 10.1 Water & wastewater treatment
- 10.2 Chemicals and petrochemicals
- 10.3 Food and beverages
- 10.4 Distilled spirits manufacturing
- 10.5 Pulp & paper
- 10.6 HVAC systems in buildings
- 10.7 Building services pumps
- 10.8 Active pharmaceutical ingredients (API) manufacturing
- 10.9 Protein production
- 10.9.1 End User Industry trends
- Chapter 11 Global Industrial Pump Market, By Distribution Channel
- 11.1 Direct sales
- 11.2 Indirect sales
- Chapter 12 Global Industrial Pump Market, By Region
- 12.1 North America
- 12.2 Europe
- 12.3 Asia Pacific
- 12.4 Latin America
- 12.5 MEA
- Chapter 13 Company Profiles
- 13.1 Atlas Copco
- 13.1.1 Financial data
- 13.1.1.1 Sales revenue, 2023-2024 (USD Million)
- 13.1.2 Product landscape
- 13.1.3 Strategic outlook
- 13.1.4 SWOT analysis
- 13.2 ANDRITZ AG
- 13.2.1 Financial data
- 13.2.1.1 Sales revenue, 2021-2024 (USD Million)
- 13.2.2 Product landscape
- 13.2.3 SWOT analysis
- 13.3 Dover Corporation
- 13.3.1 Financial data
- 13.3.1.1 Sales revenue, 2022-2024 (USD Million)
- 13.3.2 Product landscape
- 13.3.3 SWOT analysis
- 13.4 EBARA
- 13.4.1 Financial data
- 13.4.1.1 Sales revenue, 2021-2023 (USD Million)
- 13.4.2 Product landscape
- 13.4.3 Strategic outlook
- 13.4.4 SWOT analysis
- 13.5 Flowserve Corporation
- 13.5.1 Financial data
- 13.5.1.1 Sales revenue, 2022-2024 (USD Million)
- 13.5.2 Product landscape
- 13.5.3 Strategic outlook
- 13.5.4 SWOT analysis
- 13.6 Gorman-Rupp Pumps
- 13.6.1 Financial data
- 13.6.1.1 Sales revenue, 2022-2024 (USD Million)
- 13.6.2 Product landscape
- 13.6.3 Strategic outlook
- 13.6.4 SWOT analysis
- 13.7 Grundfos
- 13.7.1 Financial data
- 13.7.1.1 Sales revenue, 2021-2024 (USD Million)
- 13.7.2 Product landscape
- 13.7.3 Strategic outlook
- 13.7.4 SWOT analysis
- 13.8 IDEX Corporation
- 13.8.1 Financial data
- 13.8.1.1 Sales revenue, 2023-2024 (USD Million)
- 13.8.2 Product landscape
- 13.8.3 Strategic outlook
- 13.8.4 SWOT analysis
- 13.9 Ingersoll Rand
- 13.9.1 Financial data
- 13.9.1.1 Sales revenue, 2021-2024 (USD Million)
- 13.9.2 Product landscape
- 13.9.3 Strategic outlook
- 13.9.4 SWOT analysis
- 13.10 Kirloskar
- 13.10.1 Financial data
- 13.10.1.1 Sales revenue, 2021-2024 (USD Million)
- 13.10.2 Product landscape
- 13.10.3 Strategic outlook
- 13.10.4 SWOT analysis
- 13.11 KLAUS UNION
- 13.11.1 Financial data
- 13.11.2 Product landscape
- 13.11.3 Strategic outlook
- 13.11.4 SWOT analysis
- 13.12 KSB
- 13.12.1 Financial data
- 13.12.1.1 Sales revenue, 2023-2024 (USD Million)
- 13.12.2 Product landscape
- 13.12.3 Strategic outlook
- 13.12.4 SWOT analysis
- 13.13 Leo Group
- 13.13.1 Financial data
- 13.13.1.1 Sales revenue, 2024 (USD Million)
- 13.13.2 Product landscape
- 13.13.3 SWOT analysis
- 13.14 NETZSCH
- 13.14.1 Financial data
- 13.14.2 Product landscape
- 13.14.3 Strategic outlook
- 13.14.4 SWOT analysis
- 13.15 Pentair
- 13.15.1 Financial data
- 13.15.1.1 Sales revenue, 2021-2023 (USD Million)
- 13.15.2 Product landscape
- 13.15.3 Strategic outlook
- 13.15.4 SWOT analysis
- 13.16 Sihi- Flowserve
- 13.16.1 Financial data
- 13.16.1.1 Sales revenue, 2022-2024 (USD Million)
- 13.16.2 Product landscape
- 13.16.3 Strategic outlook
- 13.16.4 SWOT analysis
- 13.17 SPX Flow
- 13.17.1 Financial data
- 13.17.2 Product landscape
- 13.17.3 Strategic outlook
- 13.17.4 SWOT analysis
- 13.18 Sulzer
- 13.18.1 Financial data
- 13.18.1.1 Sales revenue, 2021-2024 (USD Million)
- 13.18.2 Product landscape
- 13.18.3 Strategic outlook
- 13.18.4 SWOT analysis
- 13.19 Sundyne Corporation
- 13.19.1 Financial data
- 13.19.1.1 Sales revenue, 2021-2023 (USD Million)
- 13.19.2 Product landscape
- 13.19.3 Strategic outlook
- 13.19.4 SWOT analysis
- 13.20 TEIKOKU
- 13.20.1 Financial data
- 13.20.1.1 Sales revenue, 2022-2024 (USD Million)
- 13.20.2 Product landscape
- 13.20.3 SWOT analysis
- 13.21 Tsurumi
- 13.21.1 Financial data
- 13.21.1.1 Sales revenue, 2022-2024 (USD Million)
- 13.21.2 Product landscape
- 13.21.3 Strategic outlook
- 13.21.4 SWOT analysis
- 13.22 Weir
- 13.22.1 Financial data
- 13.22.1.1 Sales revenue, 2021-2024 (USD Million)
- 13.22.2 Product landscape
- 13.22.3 SWOT analysis
- 13.23 Wilo
- 13.23.1 Financial data
- 13.23.1.1 Sales revenue, 2023-2024 (USD Million)
- 13.23.2 Product landscape
- 13.23.3 Strategic outlook
- 13.23.4 SWOT analysis
- 13.24 Xylem
- 13.24.1 Financial data
- 13.24.1.1 Sales revenue, 2022-2024 (USD Million)
- 13.24.2 Product landscape
- 13.24.3 Strategic outlook
- 13.24.4 SWOT analysis
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