North America Industrial Pumps Market Size Analysis - Market Share, Forecast Trends and Outlook Report (2025-2034)

North America Industrial Pumps Market Growth

The United States is the largest oil consumer in the world, making its demand trends crucial for global markets and energy transition goals. In 2022, the U.S. experienced growth in oil and natural gas production, with oil output reaching a peak of 12.1 million barrels per day and natural gas production hitting 121.1 billion cubic feet per day in December 2022. The oil and gas sector significantly relies on industrial pumps for various activities, including exploration, extraction, and processing. The growing interest in shale gas exploration within the United States is contributing to an increased demand for these pumps. Additionally, the expansion of refineries and petrochemical facilities necessitates the use of efficient pumping systems for fluid management, thereby propelling the market growth.

The United States is home to around 11,000 utility-scale electric power plants, which deliver electricity via more than 160,000 miles of high-voltage transmission lines. These pumps play a crucial role in power plants by facilitating the circulation of cooling water through condensers, thereby dissipating heat from the system. They ensure that turbines and other vital equipment operate within optimal temperature ranges. Industrial pumps play a crucial role in the effective and secure functioning of these power plants, facilitating numerous processes that guarantee consistent electricity production. Innovations in pump technology, including improved energy efficiency and the incorporation of intelligent monitoring systems, are continually improving their effectiveness within the energy sector.

Key Trends and Developments

Increasing Industrial Uses of Pumps; Growing Trend of Sustainability; Technological Advancements and Innovations; and the Rising Use of 3D Printing are Favouring the North America Industrial Pumps Market Expansion

June 2024

Hayward Gordon ULC and EBARA Pumps Canada Corporation announced their strategic amalgamation to form EBARA HG ULC to strengthen its position in the industrial pumps and mixers markets.

April 2024

Texas-based Grundfos launched SE Range 48 1.5-15Hp heavy duty wastewater submersible pumps aimed at handling large amounts of wastewater and processing water in utility, municipal, and industrial applications.

January 2024

Waukesha Cherry-Burrell® (WCB), a brand of North Carolina-based SPX FLOW, launched the Universal® 2 ND Positive Displacement Pump (U2 ND) Series to enhance the performance and reliability of pumps across industrial applications while reducing total cost of ownership.

February 2023

CPC Pumps International, a Canada-based company, launched the BB5 centrifugal pump to expand its product range. The new pump can be used in carbon capture, utilisation and storage (CCUS) processes to lower carbon emissions.

Rising Industrial Applications of Pumps

Pumps are increasingly used in diverse end-use sectors, ranging from oil and gas and irrigation to wastewater and water treatment and construction, for different applications such as pumping sewage, enhancing irrigation efficiency, accelerating the flow of fluids, and moving fuels from grounds to ships.

Growing Trend of Sustainability

With the growing focus on sustainability, key players are introducing energy-efficient industrial pumps that can offer advantages like improved productivity, lowered energy costs, low maintenance costs, reliable pumping, enhanced operations, and high efficiency.

Technological Advancements and Innovations

The integration of innovative technologies such as the Internet of things (IoT) and artificial intelligence (AI) in pumps enables real-time monitoring of temperature, pressure, and vibration, facilitates proactive maintenance, and provides valuable insights regarding pump performance and maintenance needs to enhance their overall performance.

Increasing Utilisation of 3D Printing in Pump Manufacturing

3D printing is increasingly utilised in the manufacturing of complex and customised industrial pumps with intricate geometries. Advancements in 3D printing technology are expected to revolutionise industrial pump prototyping and enable the development of new pump designs in the forecast period.

North America Industrial Pumps Market Trends

The growing focus on sustainability is leading to the development of industrial pumps integrated with renewable energy sources such as solar and wind to reduce the reliance on conventional energy sources and ensure greener operations.

With rapid digitisation, key players are developing smart pumps that use sensors to monitor pressure, flow rate, and temperature in real-time for predicting maintenance needs, optimising pump performance, and preventing expensive downtimes while enhancing the reliability and operational efficiency of end-use sectors.

North America Industrial Pumps Industry Segmentation

North America Industrial Pumps Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product

• Centrifugal Pump
  • Axial Flow Pump
  • Radial Flow Pump
  • Mixed Flow Pump
• Positive Displacement Pump
  • Reciprocating
  • Rotary
  • Others
• Others

Market Breakup by Application

• Oil and Gas
• Chemicals
• Construction
• Power
• Water and Wastewater
• Food and Beverage
• Others

Market Breakup by Country

• United States
• Canada

North America Industrial Pumps Market Share

Based on the application, the market is segmented into oil and gas, chemicals, construction and building, power, water and wastewater, and food and beverage, among others. The water and wastewater sector is projected to grow at a CAGR of 3.9% during the forecast period of 2024-2032. Industrial pumps play an indispensable role in transporting water from pretreatment stages to distribution.

Leading Companies in the North America Industrial Pumps Market

Major players are focusing on the adoption of smart pumping solutions to gain a competitive edge in the market.

• Ingersoll Rand Inc.
• Grundfos Holding A/S
• Flowserve Corp.
• Xylem Inc.
• Franklin Electric Co. Inc.
• Sulzer AG
• Ebara Corp.
• ITT Inc.
• SPX FLOW, Inc.
• Iwaki America, Inc.
• KSB SE & Co. KGaA
• CIRCOR International, Inc.
• Others

The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.