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Report Overview
2024
Base Year
2018-2024
Historical Year
2025-2034
Forecast Year
North America Pumps Market Size
The North America pumps market was valued at USD 16.40 billion in 2024. The market is further projected to grow at a CAGR of 3.0% between 2025 and 2034, reaching a value of USD 21.45 billion by 2034.
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.
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
Purchase the Regional Overview for
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If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.
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 2025-2034 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
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by End Use |
|
| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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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Key Questions Answered in the Report
In 2024, the pumps market reached an approximate value of USD 16.40 billion.
The market is expected to grow at a CAGR of 3.0% between 2025 and 2034.
The market is estimated to witness a healthy growth in the forecast period of 2025-2034 to reach USD 21.45 billion by 2034.
Pumps are used to move fluids or gases from one location to another. This includes moving water for irrigation, pumping oil or gas for industrial processes, and moving air in vacuum cleaners.
In mechanical pumps, the gas present in a vacuum system is moved from a low-pressure to a higher-pressure area. The pump must simultaneously provide a finite pumping speed and compression to be efficient.
The major drivers of the market include a growing demand for water treatment facilities, the cruciality of pumps in various industries, and rising oil and gas drilling and exploration activities.
Key trends aiding market expansion include an expanding chemical manufacturing sector, rising demand for clean water, and growing demand for oil and gas to meet consumer’s need for energy security.
Major countries in the market are the United States of America and Canada.
The common types of pumps are centrifugal pumps, positive displacement pumps, and others.
Key players in the market are ITT Inc., Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, KSB Limited, Sulzer AG, The Weir Group PLC, Schlumberger Limited, Baker Hughes Company, Xylem, and others.
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