North America Pumps Market Report and Forecast 2025-2034

North America Pumps Market Size 

The North America pumps market was valued at USD 16.40 billion in 2023. The market is further projected to grow at a CAGR of 3.0% between 2024 and 2032, reaching a value of USD 21.45 billion by 2032.

Key Takeaways

• As per industry reports, in December 2023, the crude oil production averaged 13.3 million barrels per day (b/d) in the United States, contributed by sustained productivity increases at new wells.

• Canada’s largest chemical manufacturing sector is based in Ontario. The province is home to over 800 chemical manufacturing establishments.

According to the North America pumps market analysis, advances in horizontal drilling and hydraulic fracturing technologies have increased the United States’ well productivity, enabling operators to extract more crude oil from new wells while maintaining the production of legacy wells. Pumps play a vital role in the oil and gas sector. They handle the transportation of the desired oil and gas product downstream and ensure the disposal of unwanted products produced by oil and gas wells. High-pressure (mobile) pumps are used in the well bore for the fracturing, stimulating, and cementing stages.

In the United States, wastewater treatment facilities process around 34 billion gallons of wastewater, annually. As per the North America pumps market report, centrifugal pumps are commonly deployed in wastewater treatment applications to produce enough velocity to move liquids through the system. These pumps can be easily installed and maintained. Pumps are also crucial components in the chemical manufacturing sector to transfer corrosive chemicals, acids, and alkalis.

Canada is a global mining powerhouse producing around 60 types of metals and minerals. The country possesses extensive mining expertise with 90% of the world’s leading mining companies operating in the country. Consequently, the country aids the demand for slurry pumps for the mining and mineral processing sectors to transport corrosive and abrasive tailings, minerals, ore, and slurries. 

Market Segmentation

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

Market Breakup by Type

• Centrifugal Pumps

• Positive Displacement Pumps

Market Breakup by End Use

• Oil and Gas

• Water and Wastewater

• Chemicals and Petrochemicals

• Mining Industry

• Power Generation

• Others

Market Breakup by Country

• United States of America

• Canada

Competitive Landscape

The key players in the pumps market in North America are producing high-quality pumps to help the end-use sectors efficiently transport materials such as oil and gas, minerals, water, and chemicals.

• ITT Inc.     

• Ebara Corporation 

• Flowserve Corporation 

• Grundfos Holding A/S    

• KSB Limited    

• Sulzer AG     

• The Weir Group PLC    

• Schlumberger Limited 

• Baker Hughes Company 

• Xylem

• Others

Key Highlights of the Report