Industrial Pumps Market size was valued at US$ 65.1 billion in 2023 and is expected to reach a value of US$ 90.2 billion by 2030, growing at a CAGR of 5.6% from 2024-2030. The global market provides a detailed overview of the Industrial Pumps market, which has been segmented into a by-product, and applications. By product, the industrial pumps market has been segmented into Centrifugal Pumps, Positive Displacement Pump, and Others. The Centrifugal Pumps segment is likely the most significant and fastest-growing segment in various product types. Based on Application, the industrial pumps are segmented into Oil & Gas, Chemicals, Construction, Power, Water & Wastewater, and Others. According to precision business insights, the Water & Wastewater segment is predicted to register the fastest growth rate during the forecast period.
Study Period
2024-2030Base Year
2023CAGR
5.6%Largest Market
North AmericaFastest Growing Market
Asia Pacific
The increased use of industrial pumps in various industries, such as water and wastewater, chemical, oil and gas, and power generation, will likely boost market expansion.
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 65.1 billion |
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Market Size in 2030 |
US$ 90.2 billion |
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Market CAGR |
5.6% |
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By Product |
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By Application |
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By Region |
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The industrial pumps market size was valued at US$ 65.1 billion in 2023 and is expected to reach a value of US$ 90.2 billion by 2030, growing at a CAGR of 5.6% from 2024-2030.
The primary global industrial pumps market players are Xylem, Ingersoll-Rand, Flowserve Corporation, SPX Flow, KSB SE &Co. KGaA, Sulzer Ltd., Pentair, Iwaki Co. Ltd., ITT, INC., Schlumberger Limited, EBARA International Corporation, and The Weir Group PLC.
Asia-Pacific is the fastest-growing region for Industrial Pumps Market
| 1. Executive Summary |
| 2. Industrial Pumps Market Introduction |
| 2.1. Global Industrial Pumps Market - Taxonomy |
| 2.2. Global Industrial Pumps Market - Definitions |
| 2.2.1. Product |
| 2.2.2. Application |
| 2.2.3. Region |
| 3. Global Industrial Pumps Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Industrial Pumps Market Dynamic Factors - Impact Analysis |
| 3.6. Global Industrial Pumps Market - Competition Landscape |
| 4. Global Industrial Pumps Market Analysis, 2019-2023 and Forecast, 2024-2030 |
| 4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Industrial Pumps Market, By Product, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1. Centrifugal Pumps |
| 5.1.1. Axial Flow Pump |
| 5.1.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.1.3. Market Opportunity Analysis |
| 5.1.2. Radial Flow Pump |
| 5.1.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.2.3. Market Opportunity Analysis |
| 5.1.3. Mixed Flow Pump |
| 5.1.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3.3. Market Opportunity Analysis |
| 5.2. Positive Displacement Pump |
| 5.2.1. Resiprocating |
| 5.2.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.1.3. Market Opportunity Analysis |
| 5.2.2. Rotary |
| 5.2.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.2.3. Market Opportunity Analysis |
| 5.2.3. Others |
| 5.2.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3.3. Market Opportunity Analysis |
| 5.3. Others |
| 5.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Industrial Pumps Market, By Application, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.1. Oil & Gas |
| 6.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Chemicals |
| 6.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Construction |
| 6.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Power |
| 6.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Water & Wastewater |
| 6.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Industrial Pumps Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Industrial Pumps Market - Opportunity Analysis Index, By Product, By Application and Region, 2024-2030 |
| 8. North America Industrial Pumps Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 8.1. Product Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Centrifugal Pump |
| 8.1.1.1. Axial Flow Pump |
| 8.1.1.2. Radial Flow Pump |
| 8.1.1.3. Mixed Flow Pump |
| 8.1.2. Positive Dispalcement Pump |
| 8.1.2.1. Reciprocating |
| 8.1.2.2. Rotary |
| 8.1.2.3. Others |
| 8.1.3. Others |
| 8.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Oil & Gas |
| 8.2.2. Chemicals |
| 8.2.3. Construction |
| 8.2.4. Power |
| 8.2.5. Water & Wastewater |
| 8.2.6. Others |
| 8.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Industrial Pumps Market - Opportunity Analysis Index, By Product, By Application and Country, 2024-2030 |
| 8.5. North America Industrial Pumps Market Dynamics - Trends |
| 9. Europe Industrial Pumps Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 9.1. Product Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Centrifugal Pump |
| 9.1.1.1. Axial Flow Pump |
| 9.1.1.2. Radial Flow Pump |
| 9.1.1.3. Mixed Flow Pump |
| 9.1.2. Positive Dispalcement Pump |
| 9.1.2.1. Reciprocating |
| 9.1.2.2. Rotary |
| 9.1.2.3. Others |
| 9.1.3. Others |
| 9.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Oil & Gas |
| 9.2.2. Chemicals |
| 9.2.3. Construction |
| 9.2.4. Power |
| 9.2.5. Water & Wastewater |
| 9.2.6. Others |
| 9.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Rest of Europe |
| 9.4. Europe Industrial Pumps Market - Opportunity Analysis Index, By Product, By Application and Country, 2024-2030 |
| 9.5. Europe Industrial Pumps Market Dynamics - Trends |
| 10. Asia-Pacific Industrial Pumps Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 10.1. Product Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Centrifugal Pump |
| 10.1.1.1. Axial Flow Pump |
| 10.1.1.2. Radial Flow Pump |
| 10.1.1.3. Mixed Flow Pump |
| 10.1.2. Positive Dispalcement Pump |
| 10.1.2.1. Reciprocating |
| 10.1.2.2. Rotary |
| 10.1.2.3. Others |
| 10.1.3. Others |
| 10.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Oil & Gas |
| 10.2.2. Chemicals |
| 10.2.3. Construction |
| 10.2.4. Power |
| 10.2.5. Water & Wastewater |
| 10.2.6. Others |
| 10.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Industrial Pumps Market - Opportunity Analysis Index, By Product, By Application and Country, 2024-2030 |
| 10.5. Asia-Pacific Industrial Pumps Market Dynamics - Trends |
| 11. Latin America Industrial Pumps Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 11.1. Product Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Centrifugal Pump |
| 11.1.1.1. Axial Flow Pump |
| 11.1.1.2. Radial Flow Pump |
| 11.1.1.3. Mixed Flow Pump |
| 11.1.2. Positive Dispalcement Pump |
| 11.1.2.1. Reciprocating |
| 11.1.2.2. Rotary |
| 11.1.2.3. Others |
| 11.1.3. Others |
| 11.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Oil & Gas |
| 11.2.2. Chemicals |
| 11.2.3. Construction |
| 11.2.4. Power |
| 11.2.5. Water & Wastewater |
| 11.2.6. Others |
| 11.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Industrial Pumps Market - Opportunity Analysis Index, By Product, By End Use and Country, 2024-2030 |
| 11.5. Latin America Industrial Pumps Market Dynamics - Trends |
| 12. Middle East and Africa Industrial Pumps Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
| 12.1. Product Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Centrifugal Pump |
| 12.1.1.1. Axial Flow Pump |
| 12.1.1.2. Radial Flow Pump |
| 12.1.1.3. Mixed Flow Pump |
| 12.1.2. Positive Dispalcement Pump |
| 12.1.2.1. Reciprocating |
| 12.1.2.2. Rotary |
| 12.1.2.3. Others |
| 12.1.3. Others |
| 12.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Oil & Gas |
| 12.2.2. Chemicals |
| 12.2.3. Construction |
| 12.2.4. Power |
| 12.2.5. Water & Wastewater |
| 12.2.6. Others |
| 12.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Industrial Pumps Market - Opportunity Analysis Index, By Product, By Application and Country, 2024-2030 |
| 12.5. MEA Industrial Pumps Market Dynamics - Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Grundfos Pump Corp. |
| 13.2.2. Xylem, Inc. |
| 13.2.3. Ingersoll-Rand PLC |
| 13.2.4. Flowserve Corp. |
| 13.2.5. KSB SE & Co. KGaA |
| 13.2.6. Sulzer Ltd. |
| 13.2.7. Pentair PLC |
| 13.2.8. Iwaki America, Inc. |
| 13.2.9. Schlumberger Ltd. |
| 13.2.10. Ebara Corp. |
| 13.2.11. Weir Group PLC |
| 13.2.12. Vaughan Company, Inc. |
| 13.2.13. Hermetic-Pumpen GmbH |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
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