
Global Pumps Market 2023
Description
Global Pumps Market 2023
It is anticipated that the global pumps market will witness a CAGR of 4.5% (in sales value terms) during the forecast period, leading to a projected value of USD 52,633 million by the year 2028. Factors shaping the global pumps market include the shift from Industry 4.0 to 5.0, digital transformation in smart factories, embracing digital solutions and service-based models, leveraging AI for enhanced performance and customer service, adoption of smart technology trends, revenue opportunities through IIoT, and data utilization for improved pump performance and customer satisfaction in the digital era.
According to Tanalyze, the healthcare industry's market for centrifugal pumps is projected to reach USD 2,440 million by 2028, exhibiting a higher compound annual growth rate (CAGR) of 5.8% from 2023 to 2028 compared to other segments. Furthermore, the centrifugal pumps segment emerged as the dominant category within the pumps market during the study conducted in 2023.
The pumps industry in Europe can be divided into two primary segments based on the type of fields they cater to: Positive Displacement Pumps and Centrifugal Pumps. Among these segments, Tanalyze predicts that Centrifugal Pumps will experience the highest growth rate. The revenue generated by the Europe Centrifugal Pumps market amounted to USD 8,131 million in 2022 and is estimated to grow to USD 10,829 million by 2028, with a CAGR of 4.1%. However, it is important to note that the Asia-Pacific region emerged as the dominant player in the pumps market during the study conducted in 2023.
The top 5 players in the global pumps market held a combined market share of over 20% in 2022. These leaders included Flowserve Corp., Sulzer AG, KSB SE & Co. KGaA, Xylem, Inc., and Grundfos AS. Other prominent companies operating in this market include ITT, Inc., IDEX Corporation, Dover Corporation, Ebara Corporation, SPX Flow, Inc., Ingersoll Rand Inc., among others.>
Table of Contents
157 Pages
- FIGURES AND TABLES
- Part 1. Key Findings
- Part 2. Scope and Methodology
- Report Scope
- Product Type
- Application
- Region
- Research Methodology
- Part 3. Pumps Market Overview
- Summary
- Part 4. Market Dynamics
- Key Factors Shaping the Global Pumps Market
- Growth Drivers
- Future Trends
- Opportunities
- Part 5. Global Pumps Market by Product Type
- Part 6. Global Pumps Market by Application
- Part 7. Global Pumps Market by Region
- Part 8. North America Pumps Market
- Market Overview
- Market by Pumps Type
- Market by Country
- Part 9. Europe Pumps Market
- Market Overview
- Market by Pumps Type
- Market by Country
- Part 10. Asia Pacific Pumps Market
- Market Overview
- Market by Pumps Type
- Market by Country
- Part 11. Latin America Pumps Market
- Market Overview
- Market by Pumps Type
- Market by Country
- Part 12. Middle East and Africa (MEA) Pumps Market
- Market Overview
- Market by Pumps Type
- Market by Country
- Part 13. Positive Displacement Pumps Market
- Market Overview
- Market by Type
- Market by Application
- Market by Region
- Part 14. Centrifugal Pumps Market by Type
- Market Overview
- Market by Type
- Market by Application
- Market by Region
- Part 15. Competitive Analysis
- Competition Overview
- Recent Developments
- Flowserve Corporation
- Business Overview
- Contact Information
- Sulzer AG
- Business Overview
- Contact Information
- KSB SE & Co. KGaA
- Business Overview
- Contact Information
- Xylem, Inc.
- Business Overview
- Contact Information
- Grundfos AS
- Business Overview
- Contact Information
- ITT, Inc.
- Business Overview
- Contact Information
- IDEX Corporation
- Business Overview
- Contact Information
- Dover Corporation
- Business Overview
- Contact Information
- Ebara Corporation
- Business Overview
- Contact Information
- SPX Flow, Inc.
- Business Overview
- Contact Information
- Ingersoll Rand Inc.
- Business Overview
- Contact Information
- Part 16. Prospects
- Disclaimer
- FIGURES AND TABLES
- Global Pumps Market, Net Growth, 2020-2028 (USD Million)
- Global Pumps Market by Product Type, 2020-2028 (USD Million)
- Global Pumps Market by Product Type, CAGR Historic and Forecast, 2020-2028
- Global Pumps Market by Application, 2020-2028 (USD Million)
- Global Pumps Market by Application, CAGR Historic and Forecast, 2020-2028
- Global Pumps Market Share by Region, 2022
- Global Pumps Market by Region, 2020-2028 (USD Million)
- Global Pumps Market by Region, CAGR Historic and Forecast, 2020-2028
- North America Pumps Market, Net Growth, 2020-2028 (USD Million)
- North America Pumps Market by Type, 2020-2028 (USD Million)
- North America Pumps Market by Type, CAGR Historic and Forecast, 2020-2028
- North America Pumps Market Share by Country, 2022
- Europe Pumps Market, Net Growth, 2020-2028 (USD Million)
- Europe Pumps Market by Type, 2020-2028 (USD Million)
- Europe Pumps Market by Type, CAGR Historic and Forecast, 2020-2028
- Europe Pumps Market Share by Country, 2022
- Asia Pacific Pumps Market, Net Growth, 2020-2028 (USD Million)
- Asia Pacific Pumps Market by Type, 2020-2028 (USD Million)
- Asia Pacific Pumps Market by Type, CAGR Historic and Forecast, 2020-2028
- Asia-Pacific Pumps Market Share by Country, 2022
- Latin America Pumps Market, Net Growth, 2020-2028 (USD Million)
- Latin America Pumps Market by Type, 2020-2028 (USD Million)
- Latin America Pumps Market by Type, CAGR Historic and Forecast, 2020-2028
- Latin America Pumps Market Share by Country, 2022
- Middle East and Africa (MEA) Pumps Market, Net Growth, 2020-2028 (USD Million)
- Middle East and Africa (MEA) Pumps Market by Type, 2020-2028 (USD Million)
- Middle East and Africa (MEA) Pumps Market by Type, CAGR Historic and Forecast, 2020-2028
- Middle East and Africa Pumps Market Share by Country, 2022
- Global Positive Displacement Pumps Market, Net Growth, 2020-2028 (USD Million)
- Global Positive Displacement Pumps Market by Type, 2020-2028 (USD Million)
- Global Positive Displacement Pumps Market by Type, CAGR Historic and Forecast, 2020-2028
- Global Positive Displacement Pumps Market by Application, 2020-2028 (USD Million)
- Global Positive Displacement Pumps Market by Application, CAGR Historic and Forecast, 2020-2028
- Global Positive Displacement Pumps Market by Region, 2020-2028 (USD Million)
- Global Positive Displacement Pumps Market by Region, CAGR Historic and Forecast, 2020-2028
- Global Centrifugal Pumps Market, Net Growth, 2020-2028 (USD Million)
- Global Centrifugal Pumps Market by Type, 2020-2028 (USD Million)
- Global Centrifugal Pumps Market by Type, CAGR Historic and Forecast, 2020-2028
- Global Centrifugal Pumps Market by Application, 2020-2028 (USD Million)
- Global Centrifugal Pumps Market by Application, CAGR Historic and Forecast, 2020-2028
- Global Centrifugal Pumps Market by Region, 2020-2028 (USD Million)
- Global Centrifugal Pumps Market by Region, CAGR Historic and Forecast, 2020-2028
- Global Pumps Market Share, by Top Company, 2022
- Flowserve Corporation Financial Overview (USD Million)
- Flowserve Corporation Revenue, by Type, 2022
- Flowserve Corporation Revenue, by Segment, 2022
- Flowserve Corporation Revenue, by Region, 2022
- Sulzer AG Financial Overview (CHF Million)
- Sulzer AG Revenue, by Segment, 2022
- Sulzer AG Revenue, by Region, 2022
- Sulzer AG Revenue, by Country, 2022
- KSB SE & Co. KGaA Pumps Segment Revenue (EUR Million)
- KSB SE & Co. KGaA Financial Overview (EUR Million)
- KSB SE & Co. KGaA Revenue, by Segment, 2022
- KSB SE & Co. KGaA Revenue, by Type, 2022
- Xylem, Inc. Pumps, Accessories, Parts and Service Revenue (USD Million)
- Xylem, Inc. Financial Overview (USD Million)
- Xylem, Inc. Revenue, by Segment, 2022
- Xylem, Inc. Revenue, by Type, 2022
- Xylem, Inc. Revenue, by Region, 2022
- Grundfos AS Financial Overview (DKK Million)
- Grundfos AS Revenue, by Divisions, 2022
- Grundfos AS Revenue, by Region, 2022
- ITT, Inc. Chemical and Industrial Pumps Revenue (USD Million)
- ITT, Inc. Financial Overview (USD Million)
- ITT, Inc. Revenue, by Segment, 2022
- ITT, Inc. Revenue, by Industry, 2022
- ITT, Inc. Revenue, by Region, 2022
- IDEX Corporation Pumps Revenue (USD Million)
- IDEX Corporation Financial Overview (USD Million)
- IDEX Corporation Revenue, by Segment, 2022
- IDEX Corporation Revenue, by Region, 2022
- Dover Corporation Pumps & Process Solutions Revenue (USD Million)
- Dover Corporation Financial Overview (USD Million)
- Dover Corporation Revenue, by Segment, 2022
- Dover Corporation Revenue, by Region, 2022
- Ebara Corporation Pumps Revenue (JPY Billion)
- Ebara Corporation Financial Overview (JPY Million)
- Ebara Corporation Revenue, by Service and Support (S&S) Revenue Ratio, 2022
- Ebara Corporation Revenue, by Segment, 2022
- Ebara Corporation Revenue, by Region, 2022
- Ingersoll Rand Inc. Financial Overview (USD Million)
- Ingersoll Rand Inc. Revenue, by Segment, 2022
- Ingersoll Rand Inc. Revenue, by Product Categories, 2022
- Ingersoll Rand Inc. Revenue, by Region, 2022
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