Base Year
Historical Year
Forecast Year
The global industrial pumps market attained an approximate value of USD 67.56 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 3.9% to reach about USD 95.47 billion by 2032.
| Global Industrial Pumps Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 67.56 |
| Market Size 2032 | USD Billion | 95.47 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 3.9% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 4.5% |
| CAGR 2024-2032 - Market by Country | India | 5.2% |
| CAGR 2024-2032 - Market by Country | China | 4.3% |
| CAGR 2024-2032 - Market by Product | Centrifugal Pump | 4.6% |
| CAGR 2024-2032 - Market by Application | Oil and Gas | 4.4% |
| Market Share by Country 2023 | France | 3.1% |
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The industrial pumps demand growth is being aided by the increased demand for water and wastewater management. Efficient and reliable pumping solutions are critical to effectively treat water and distribute it because of growing global water scarcity issues and increasing urbanization.
The other factors include the expansion of industrial automation and smart technologies. The integration of pumps with IoT and advanced control systems makes the product efficient in operations, predictive in maintenance, and real-time monitoring thus making these solutions very attractive across sectors. These two factors bolster the growth of the industrial pumps industry by acting in two ways and they meet imperative infrastructure needs and technological advancement.
Energy efficiency solutions, smart technologies, and the adoption of renewable energy to open up new industrial pumps market opportunities.
October 2023
Kaishan USA introduced the latest addition to their ever-growing line of industrial vacuum pump units: the KRSV oil-flooded rotary screw vacuum pumps. These new Kaishan KRSV Series rotary screw vacuum pumps come fully packaged and out-of-the-box ready to be plugged into any system or operate independently.
July 2024
HYTORC Introduces the LIGHTNINGTM PUMP Series. The LIGHTNINGTM PUMP Series, with its state-of-the-art LIGHTNING – Smart Model, brings a new frontier in hydraulic pump technology.
June 2024
Roto Pumps introduces the new Wear Compensation Stator, a breakthrough technology in Progressive Cavity Pump technology. With the unique design of the Roto Wear Compensation Stator, control and regulation of the efficiency of Progressive Cavity Pumps are now possible.
April 2023
Kirloskar Brothers Limited has launched its newest product: the DBxe Pump. With its unique design parameters and extensive features, this pump is sure to change the face of the pumping industry.
Increasing Demand in Energy Efficiency
Due to the ever-increasing cost of energy and environmental legislation, the trend is shifting towards energy-efficient pumps. Manufacturers are boosting their industrial pumps industry revenue through advanced technologies in pumps and designs that reduce energy consumption, offer better operational efficiency, and lead to a reduction in lifecycle costs.
Growth in End-Use Industries
The rise in demand from its key end-use industries, such as oil and gas, water and wastewater treatment, and chemical processing, is a significant trend of industrial pumps market. This growth in these end-use industries is driven by infrastructure development and the rise in the need for efficient fluid management solutions.
Advancements in Smart Pump Technology
Increasingly within industrial pumps, integration with IoT and smart sensors takes the lead. Such technologies offer real-time monitoring and predictive maintenance; high-level control raises operational efficiency while at the same time reducing possible downtime.
Increased Adoption of Renewable Energy Sources
With the quickening pace of the world shifting to renewable energy, the demand for pumps aiding renewable energy applications, such as geothermal and solar thermal systems, is bound to rise. These pumps are tailored for particular fluids and operational conditions associated with renewable energy technologies, driving the growth of industrial pumps market.
The global market for industrial pumps is primarily propelled by the rising application of automation in industries. Utilising machines to move different materials within a factory is crucial for profitability, as well as efficiency both in terms of time and losses due to transit damage. In addition, the growth of the refinery industry and emerging factories all over the world guarantees healthy growth for the industry.
The rising assessment activities in the oil and gas sector are anticipated to augment the demand for industrial pumps over the forecast period. Furthermore, key market players are providing a boost to the growth of industrial pumps industry by investing in the R&D sector to assess the possibility of incorporation of advanced technology to further enhance the efficiency both in terms of energy consumption and maintenance of the products. However, on the flip side, stringent policies and awareness regarding carbon emissions can potentially impede the market.
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“Global Industrial Pumps Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Based on product, the industry is segmented into:
The major applications of industrial pumps are:
By region, the market is divided into:
| CAGR 2024-2032 - Market by | Country |
| India | 5.2% |
| China | 4.3% |
| UK | 3.6% |
| USA | 3.4% |
| France | 3.1% |
| Canada | XX% |
| Germany | XX% |
| Italy | XX% |
| Japan | 2.7% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
Centrifugal Pumps To Gain Prominence For Their Versatility In Handling Various Fluids
As per industrial pumps industry analysis, the centrifugal pump segment is likely to witness high growth on account of the flexibility it has in handling a variety of liquids efficiently. The advantages of handling large volumes and several fluid types make them important constituents for industries such as water and wastewater treatment, oil and gas, and chemical processing.
All of these uses result in high efficiency and cost-effectiveness, which would fuel their demand. Particularly for rotary types, there will be a growing need for positive displacement pumps used in applications requiring very fine fluid handling and higher pressures, such as in the chemical and pharmaceutical industries. Their ability for repeatable flow delivery and handing viscous fluids is of growing importance.
Water And Wastewater Application To Soar In Demand Owing To Better Water And Waste Management
By application, the water and wastewater segment is expected to gain significant growth and boost the industrial pumps demand, driven by growing global water scarcity and the related need for proper water management systems. Rising urbanization and industrialization are demanding adequate treatment of wastewater and the supply of water. Tightening regulations and rising concerns for the environment underline the need for investments in advanced pumping technologies for water and wastewater management. The oil and gas industry will remain a high-growth application area in this case, where there are continuous exploration and production activities that call for rugged, reliable pumps to handle fluids under very trying conditions. Both sectors form the mainstay of future growth in industrial pumps.
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Asia Pacific To Continue Its Dominance During The Forecast Period Due To Various Expansion Projects
Based on the region, Asia Pacific is expected to continue its dominance in the market during the forecast period. China occupies a significant share in the contribution to the growth of the regional market, owing to the several ongoing infrastructure projects and their expansion plans in the country. Furthermore, the relatively significant growth of the industry in the developing nations of the region is a crucial driver for this incline. In the product range, centrifugal pumps accounted for the largest share of the market in the previous years.
This trend is estimated to continue over the coming years attributing to the flourishing hydraulic fracturing in the oil and gas industry in major industrial regions. This is likely to augment the industrial pumps market share in Asia Pacific.
Key players focus on the effective manufacturing of industrial pumps for managing water, treating wastewater, and other industrial applications while underlining innovation and sustainability and thus boosting the demand of industrial pumps market globally.
Grundfos Pumps Corporation, founded in 1945 and based in Bjerringbro, Denmark, manufactures a range of industrial pumps, including centrifugal, multistage, and submersible pumps, for water supply, wastewater management, and industrial processes, which focus on energy efficiency and reliability.
Xylem Inc., founded in 2011 and has its headquarters in Rye Brook, New York, offers an industrially diversified platform of pump solutions, such as centrifugal, progressive cavity, and diaphragm pumps. The products help in the management of water and wastewater, industrial processes, and agricultural applications. Their key competencies rest on innovative technologies and sustainability.
Trane Technologies plc, based in Dublin, Ireland, and founded in 1913, offers its industrial pumps under the brand name Trane. It designs and manufactures both centrifugal and screw pumps for HVAC systems and industrial applications, offering innovative solutions to their customers for efficiency and performance in climate control and energy management.
Other key players in the industrial pumps market include KSB SE & Co. KGaA, and Iwaki America, Inc., among others.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Industrial Pumps Market Growth
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of approximately USD 67.56 billion in 2023.
The market is projected to grow at a CAGR of 3.9% in the forecast period of 2024-2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 95.47 billion by 2032.
The market is being driven by increasing infrastructural projects and their expansion plans, rapid urbanisation, and emerging refineries.
The key trends of the market include the implementation of advanced technology like automation for smooth operations in the refinery sector and the growing demand for centrifugal pumps in the food and beverage industry.
The major regional markets for Industrial pumps are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The different products in the market are centrifugal pumps, and positive displacement pumps, among others.
The major applications of industrial pumps are oil and gas, chemicals, construction, power, and water and wastewater, among others.
The key players in the global industrial pumps market are Grundfos Pumps Corporation, Xylem Inc., Trane Technologies plc, KSB SE & Co. KGaA, and Iwaki America, Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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