The global Industrial Pumps Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Product (Centrifugal Pumps, Positive Displacement Pumps, Others), By Application (Oil & Gas, Chemicals, Construction, Power Generation, Water & Wastewater Treatment, Others).
Industrial pumps are essential mechanical devices used to transport fluids such as water, chemicals, petroleum, and wastewater in various industrial processes, including manufacturing, mining, oil and gas extraction, and water treatment. One key trend shaping the future of industrial pumps is the development of energy-efficient pump technologies and systems to reduce energy consumption, operating costs, and environmental impact while improving reliability, performance, and sustainability. Pump manufacturers are innovating new pump designs, such as centrifugal pumps with variable frequency drives (VFDs), positive displacement pumps with adjustable speed drives, and regenerative turbine pumps, to optimize pump efficiency across a wide range of operating conditions, reducing energy waste and carbon emissions in industrial fluid handling applications. Additionally, advancements in pump materials, coatings, and sealing technologies are improving pump longevity, corrosion resistance, and wear resistance, enabling pumps to withstand harsh operating environments and demanding process conditions with minimal maintenance requirements and downtime. Moreover, the integration of smart pump controls, predictive maintenance algorithms, and remote monitoring sensors is enabling condition-based maintenance strategies, proactive fault detection, and real-time optimization of pump performance, ensuring reliable operation and minimizing unplanned downtime for industrial facilities. As industries seek to improve energy efficiency, reduce operational costs, and meet sustainability goals, the industrial pumps industry is poised for innovation and growth, with opportunities for collaboration, research, and market expansion to meet the evolving needs of manufacturers, facility operators, and regulatory stakeholders.
The market report analyses the leading companies in the industry including EBARA International Corp, Flowserve Corp, Grundfos Holding A/S, HERMETIC-Pumpen GmbH, Ingersoll-Rand, ITT Inc, Iwaki Co. Ltd, KSB SE &Co. KgaA, Pentair, Schlumberger Ltd, SPZ Flow, Sulzer Ltd, The Weir Group PLC, Vaughan Company, Xylem.
A prominent trend in the industrial pumps market is the increasing adoption of digitalization and Internet of Things (IoT) technologies in pump systems. Industries are leveraging IoT-enabled pump monitoring and control systems to optimize pump performance, improve energy efficiency, and minimize downtime. Real-time data analytics, predictive maintenance algorithms, and remote monitoring capabilities enable proactive equipment management, predictive fault detection, and condition-based maintenance, enhancing overall system reliability and productivity. This is driving the shift towards smart manufacturing and proactive asset management strategies, driving the demand for advanced pump solutions that offer connectivity, automation, and data-driven insights.
A key driver propelling the industrial pumps market is the global expansion of water and wastewater treatment infrastructure. With increasing population growth, urbanization, and industrialization, there is a growing demand for clean water supply and efficient wastewater management solutions. Industrial pumps play a critical role in various water treatment processes, including pumping raw water from sources such as rivers and reservoirs, circulating water within treatment plants, and transporting treated water for distribution. Additionally, pumps are essential for wastewater collection, conveyance, and treatment, facilitating the removal of pollutants and contaminants before discharge or reuse. The ongoing investments in water infrastructure projects, coupled with stringent environmental regulations, are driving the demand for industrial pumps across municipal, industrial, and commercial sectors worldwide.
An opportunity for growth in the industrial pumps market lies in the development of energy-efficient pump technologies. As industries face increasing pressure to reduce energy consumption, minimize operating costs, and achieve sustainability goals, there is a growing demand for pumps that offer higher efficiency and lower lifecycle costs. Manufacturers aim to capitalize on this opportunity by innovating and optimizing pump designs, materials, and systems to enhance energy performance, hydraulic efficiency, and reliability. Additionally, the integration of variable frequency drives (VFDs), intelligent controls, and advanced materials such as composite materials and ceramic coatings can further improve pump efficiency and longevity. By offering energy-efficient pump solutions that deliver tangible cost savings and environmental benefits, manufacturers can gain a competitive edge in the market and meet the evolving needs of customers seeking sustainable pumping solutions.
The industrial pumps market encompasses diverse key stages, with participation from various companies to ensure the efficient movement of fluids across industries. The raw material acquisition involves metal manufacturers including ArcelorMittal and Nippon Steel Corporation supplying steel for pump components, while casting manufacturers, including Mueller Industries, Inc., are involved in specialized casting processes. Polymer manufacturers including Dow Chemical Company and BASF SE produce engineered plastics for corrosion-resistant pump components. In the manufacturing stage, companies including Xylem Inc. and Ebara Corporation produce a diverse range of industrial pumps, including centrifugal, reciprocating, rotary, and positive displacement pumps. Specialized manufacturers including Grundfos Holding A/S and Watson-Marlow Fluid Technology Group focus on specific pump types including submersible pumps and dosing pumps, catering to specialized applications.
Distribution channels include industrial equipment distributors including Grainger and WESCO International, Inc., which distribute a wide range of industrial equipment, including pumps. Manufacturers have their distribution networks, while others engage in direct sales, offering customized solutions through dedicated sales teams. Engineering firms including Fluor Corporation and Bechtel Corporation provide engineering services for pump selection and system integration, while companies offer installation and after-sales services. End-users span across industries including water & wastewater treatment, oil & gas, chemical, power generation, and others, where industrial pumps play critical roles in various applications.
The centrifugal pumps segment is the largest sector in the Industrial Pumps Market, driven by diverse pivotal factors contributing to its dominance. Centrifugal pumps are widely used in various industrial applications due to their versatility, efficiency, and reliability. These pumps are capable of handling a wide range of fluids, including water, chemicals, petroleum products, and slurries, making them suitable for diverse industrial processes such as water supply, wastewater treatment, chemical processing, oil and gas extraction, and power generation. The dominance of centrifugal pumps can be attributed to their simple design, low maintenance requirements, and high flow rates, which make them suitable for both large-scale industrial operations and smaller applications. In addition, centrifugal pumps offer advantages such as smooth operation, continuous flow, and variable speed control, enhancing their efficiency and performance in industrial settings. Additionally, centrifugal pumps are available in various configurations, including single-stage, multi-stage, horizontal, and vertical, allowing for customization to meet specific application requirements. Further, advancements in pump technology, such as the development of high-efficiency impellers and variable frequency drives, further enhance the performance and energy efficiency of centrifugal pumps, driving their widespread adoption across industries. As industries continue to prioritize efficiency, reliability, and cost-effectiveness in their fluid handling processes, the centrifugal pumps segment of the industrial pumps market is expected to maintain its leading position and witness sustained growth in the coming years.
The water and wastewater treatment segment is the fastest-growing sector in the Industrial Pumps Market, driven by diverse critical factors propelling its rapid expansion. As global concerns over water scarcity, pollution, and environmental sustainability continue to rise, there is an increasing demand for efficient and reliable pumps for water and wastewater treatment applications. Industrial pumps play a crucial role in various stages of the water treatment process, including raw water intake, filtration, disinfection, distribution, and wastewater handling. With the growing urbanization, industrialization, and population growth worldwide, there's a rising need for infrastructure development and upgrades in water and wastewater treatment facilities to meet the escalating demand for clean and safe water resources. In addition, stringent environmental regulations and quality standards drive investments in water and wastewater treatment infrastructure upgrades, boosting the demand for advanced pumping technologies capable of handling challenging water treatment processes. Additionally, advancements in pump technology, such as the development of high-efficiency pumps, smart pumping systems, and remote monitoring solutions, enhance the reliability, energy efficiency, and performance of pumps used in water and wastewater treatment applications. Further, as industries and municipalities prioritize sustainable water management practices and invest in decentralized water treatment solutions, there's a growing demand for pumps that offer low energy consumption, minimal maintenance requirements, and compatibility with renewable energy sources. As the global focus on water conservation and environmental stewardship intensifies, the water and wastewater treatment segment of the industrial pumps market is poised for significant growth, presenting lucrative opportunities for industry stakeholders.
By Product
Centrifugal Pumps
-Axial Flow Pump
-Radial Flow Pump
-Mixed Flow Pump
Positive Displacement Pumps
-Reciprocating Pumps
-Rotary Pumps
-Others
Others
By Application
Oil & Gas
Chemicals
Construction
Power Generation
Water & Wastewater Treatment
Others
EBARA International Corp
Flowserve Corp
Grundfos Holding A/S
HERMETIC-Pumpen GmbH
Ingersoll-Rand
ITT Inc
Iwaki Co. Ltd
KSB SE &Co. KgaA
Pentair
Schlumberger Ltd
SPZ Flow
Sulzer Ltd
The Weir Group PLC
Vaughan Company
Xylem
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Industrial Pumps Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Industrial Pumps Market Size Outlook, $ Million, 2021 to 2030
3.2 Industrial Pumps Market Outlook by Type, $ Million, 2021 to 2030
3.3 Industrial Pumps Market Outlook by Product, $ Million, 2021 to 2030
3.4 Industrial Pumps Market Outlook by Application, $ Million, 2021 to 2030
3.5 Industrial Pumps Market Outlook by Key Countries, $ Million, 2021 to 2030
4 Market Dynamics
4.1 Key Driving Forces of Industrial Pumps Industry
4.2 Key Market Trends in Industrial Pumps Industry
4.3 Potential Opportunities in Industrial Pumps Industry
4.4 Key Challenges in Industrial Pumps Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Industrial Pumps Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Industrial Pumps Market Outlook by Segments
7.1 Industrial Pumps Market Outlook by Segments, $ Million, 2021- 2030
By Product
Centrifugal Pumps
-Axial Flow Pump
-Radial Flow Pump
-Mixed Flow Pump
Positive Displacement Pumps
-Reciprocating Pumps
-Rotary Pumps
-Others
Others
By Application
Oil & Gas
Chemicals
Construction
Power Generation
Water & Wastewater Treatment
Others
8 North America Industrial Pumps Market Analysis and Outlook To 2030
8.1 Introduction to North America Industrial Pumps Markets in 2024
8.2 North America Industrial Pumps Market Size Outlook by Country, 2021-2030
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Industrial Pumps Market size Outlook by Segments, 2021-2030
By Product
Centrifugal Pumps
-Axial Flow Pump
-Radial Flow Pump
-Mixed Flow Pump
Positive Displacement Pumps
-Reciprocating Pumps
-Rotary Pumps
-Others
Others
By Application
Oil & Gas
Chemicals
Construction
Power Generation
Water & Wastewater Treatment
Others
9 Europe Industrial Pumps Market Analysis and Outlook To 2030
9.1 Introduction to Europe Industrial Pumps Markets in 2024
9.2 Europe Industrial Pumps Market Size Outlook by Country, 2021-2030
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Industrial Pumps Market Size Outlook by Segments, 2021-2030
By Product
Centrifugal Pumps
-Axial Flow Pump
-Radial Flow Pump
-Mixed Flow Pump
Positive Displacement Pumps
-Reciprocating Pumps
-Rotary Pumps
-Others
Others
By Application
Oil & Gas
Chemicals
Construction
Power Generation
Water & Wastewater Treatment
Others
10 Asia Pacific Industrial Pumps Market Analysis and Outlook To 2030
10.1 Introduction to Asia Pacific Industrial Pumps Markets in 2024
10.2 Asia Pacific Industrial Pumps Market Size Outlook by Country, 2021-2030
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Industrial Pumps Market size Outlook by Segments, 2021-2030
By Product
Centrifugal Pumps
-Axial Flow Pump
-Radial Flow Pump
-Mixed Flow Pump
Positive Displacement Pumps
-Reciprocating Pumps
-Rotary Pumps
-Others
Others
By Application
Oil & Gas
Chemicals
Construction
Power Generation
Water & Wastewater Treatment
Others
11 South America Industrial Pumps Market Analysis and Outlook To 2030
11.1 Introduction to South America Industrial Pumps Markets in 2024
11.2 South America Industrial Pumps Market Size Outlook by Country, 2021-2030
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Industrial Pumps Market size Outlook by Segments, 2021-2030
By Product
Centrifugal Pumps
-Axial Flow Pump
-Radial Flow Pump
-Mixed Flow Pump
Positive Displacement Pumps
-Reciprocating Pumps
-Rotary Pumps
-Others
Others
By Application
Oil & Gas
Chemicals
Construction
Power Generation
Water & Wastewater Treatment
Others
12 Middle East and Africa Industrial Pumps Market Analysis and Outlook To 2030
12.1 Introduction to Middle East and Africa Industrial Pumps Markets in 2024
12.2 Middle East and Africa Industrial Pumps Market Size Outlook by Country, 2021-2030
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Industrial Pumps Market size Outlook by Segments, 2021-2030
By Product
Centrifugal Pumps
-Axial Flow Pump
-Radial Flow Pump
-Mixed Flow Pump
Positive Displacement Pumps
-Reciprocating Pumps
-Rotary Pumps
-Others
Others
By Application
Oil & Gas
Chemicals
Construction
Power Generation
Water & Wastewater Treatment
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
EBARA International Corp
Flowserve Corp
Grundfos Holding A/S
HERMETIC-Pumpen GmbH
Ingersoll-Rand
ITT Inc
Iwaki Co. Ltd
KSB SE &Co. KgaA
Pentair
Schlumberger Ltd
SPZ Flow
Sulzer Ltd
The Weir Group PLC
Vaughan Company
Xylem
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Product
Centrifugal Pumps
-Axial Flow Pump
-Radial Flow Pump
-Mixed Flow Pump
Positive Displacement Pumps
-Reciprocating Pumps
-Rotary Pumps
-Others
Others
By Application
Oil & Gas
Chemicals
Construction
Power Generation
Water & Wastewater Treatment
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Industrial Pumps is forecast to reach $102.7 Billion in 2030 from $75.8 Billion in 2024, registering a CAGR of 5.2% over the outlook period
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
EBARA International Corp, Flowserve Corp, Grundfos Holding A/S, HERMETIC-Pumpen GmbH, Ingersoll-Rand, ITT Inc, Iwaki Co. Ltd, KSB SE &Co. KgaA, Pentair, Schlumberger Ltd, SPZ Flow, Sulzer Ltd, The Weir Group PLC, Vaughan Company, Xylem
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2030; Currency: Revenue (USD); Volume