Home Industry Reports Custom Research Blogs About Us Contact us

Industrial Pumps Market Size & Share, By Product (Centrifugal Pump, Positive Displacement Pump), Application (Water & Wastewater, Chemicals, Construction), Regional Forecast, Industry Players, Growth Statistics Report 2023-2030

Report ID: FBI 1385


Published Date: Sep-2023


Format : PDF, Excel

Market Outlook:

Industrial Pumps Market size surpassed USD 60.13 billion in 2022 and is poised to reach USD 102.28 billion, growing at over 5.63% CAGR between 2023 and 2030. The global industrial pumps market holds substantial value in terms of market valuation. It plays a vital role in various industries such as oil and gas, water and wastewater treatment, power generation, pharmaceutical, chemicals, and many others. The market is anticipated to grow significantly in the coming years due to the increasing demand for energy and water, as well as the rapid industrialization and urbanization across the globe.

Base Year Value (2022)

USD 60.13 billion

18-23 x.x %
24-33 x.x %

CAGR (2023-2030)


18-23 x.x %
24-33 x.x %

Forecast Year Value (2030)

USD 102.28 billion

18-23 x.x %
24-33 x.x %
Industrial Pumps Market

Historical Data Period


Industrial Pumps Market

Largest Region

North America

Industrial Pumps Market

Forecast Period


Get more details on this report -

Market Dynamics:

Growth Drivers & Opportunities:

1. Increasing Demand for Energy: The rising global demand for energy, especially in emerging economies, is driving the need for industrial pumps in the oil and gas sector. These pumps are essential for the extraction, refining, and transportation of oil and gas.

2. Water and Wastewater Treatment: Industrial pumps are extensively used in water and wastewater treatment processes. As governments and regulatory bodies are focusing on water conservation and pollution control, the demand for effective pumping solutions is increasing.

3. Technological Advancements: The market is benefiting from continuous technological advancements, such as the integration of smart technologies, IoT, and automation in pump systems. This enhances efficiency, reduces operational costs, and improves overall productivity.

4. Infrastructure Development: The construction of new industrial infrastructure, including power plants, manufacturing facilities, and water treatment plants, is boosting the demand for industrial pumps. These pumps are necessary for various applications during the construction and operation phases.

Report Scope

Report CoverageDetails
Segments CoveredProduct, Application, Region
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledGrundfos Holding A/S, Xylem, Ingersoll-Rand, Flowserve, SPX Flow, KSB SE & Co. KGaA, Sulzer., Pentair, Iwaki Co.., ITT, INC.

Unlock insights tailored to your business with our bespoke market research solutions - Click to get your customized report now!


Industry Restraints & Challenges:

1. High Initial Investment: The installation and procurement costs associated with industrial pumps can be high, especially for large-scale applications. This poses a challenge for small and medium-sized enterprises that may have budget limitations.

2. Maintenance and Repair Costs: Industrial pumps require regular maintenance and occasional repairs to ensure optimal performance. The costs associated with these activities can be significant, especially for high-capacity pumps and those operating in harsh environments.

3. Environmental Concerns: Industrial pumps, if not properly designed and operated, can contribute to environmental pollution. The discharge of chemicals and effluents can harm ecosystems and pose risks to human health. Compliance with stringent environmental regulations can be challenging for manufacturers and end-users.

4. Volatility in Raw Material Prices: The industrial pump market is influenced by the prices of raw materials such as metals and plastics. Fluctuations in raw material prices can affect manufacturing costs and overall market dynamics.

Despite these challenges, the industrial pumps market is expected to witness steady growth in the foreseeable future. The increasing need for energy-efficient and environmentally friendly pumping solutions, along with ongoing technological advancements, will drive innovation and market demand. Manufacturers focusing on research and development, customization, and strategic partnerships will bolster their market position and exploit new opportunities emerging from industries such as renewable energy and smart cities.

Report Coverage & Deliverables

Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Industrial Pumps Market
Industrial Pumps Market

Regional Forecast:

The industrial pumps market is expected to witness significant growth across various regions, including North America, Asia Pacific, and Europe.

North America:

North America is expected to emerge as a lucrative market for industrial pumps owing to the increasing demand from industries such as oil and gas, water and wastewater treatment, and chemical manufacturing. The region's strong industrial infrastructure, focus on technological advancements, and rigorous regulations regarding environmental safety are contributing to market growth. Additionally, the presence of major pump manufacturers in countries like the United States and Canada further accelerates market growth in North America.

Asia Pacific:

The Asia Pacific region is anticipated to experience substantial growth in the industrial pumps market. Rapid industrialization in emerging economies like China and India, along with increasing investments in sectors such as construction, manufacturing, and energy, are driving the demand for industrial pumps in this region. Furthermore, government initiatives, such as the Make in India and Smart Cities projects in India, are expected to boost the demand for industrial pumps, particularly in the water and wastewater treatment sector.


Europe is projected to witness steady growth in the industrial pumps market due to the presence of well-established industries, stringent environmental regulations, and a focus on renewable energy sources. Various countries in the region, including Germany, France, and the United Kingdom, are actively investing in the development of renewable energy infrastructure, which is driving the demand for pumps in the renewable energy sector.

Get more details on this report -

Segmentation Analysis:

Centrifugal Pumps:

Centrifugal pumps are one of the most widely used types of pumps in the industrial sector. These pumps work on the principle of centrifugal force to transport fluids. Within the centrifugal pumps segment, sub-segment name offers a specific focus area.

Sub-Segment: Multistage Centrifugal Pumps

Multistage centrifugal pumps are designed to handle high-pressure applications. They consist of multiple impellers arranged in series to generate higher pressure levels. These pumps find extensive applications in industries such as oil and gas, power generation, and water treatment. The ability of multistage centrifugal pumps to provide high-pressure pumping makes them ideal for long-distance fluid transportation, boiler feed applications, and multistage irrigation systems.

Get more details on this report -

Competitive Landscape:

The industrial pumps market is highly competitive, with numerous key players operating globally. These players strive to maintain their market position by focusing on strategic initiatives, such as partnerships, collaborations, acquisitions, and product innovations. Some of the prominent market players in the industrial pumps market include:

- Xylem Inc.

- Grundfos Holding A/S

- Flowserve Corporation

- Sulzer Ltd.

- KSB SE & Co. KGaA

- ITT Inc.

- Ebara Corporation

- Wilo SE

- The Weir Group PLC

- Gardner Denver Holdings Inc.

These companies are actively involved in research and development activities to introduce new and innovative products in the market. They also aim to expand their geographical presence and strengthen their distribution networks to enhance their market share.

Our Clients

Why Choose Us

Specialized Expertise: Our team comprises industry experts with a deep understanding of your market segment. We bring specialized knowledge and experience that ensures our research and consulting services are tailored to your unique needs.

Customized Solutions: We understand that every client is different. That's why we offer customized research and consulting solutions designed specifically to address your challenges and capitalize on opportunities within your industry.

Proven Results: With a track record of successful projects and satisfied clients, we have demonstrated our ability to deliver tangible results. Our case studies and testimonials speak to our effectiveness in helping clients achieve their goals.

Cutting-Edge Methodologies: We leverage the latest methodologies and technologies to gather insights and drive informed decision-making. Our innovative approach ensures that you stay ahead of the curve and gain a competitive edge in your market.

Client-Centric Approach: Your satisfaction is our top priority. We prioritize open communication, responsiveness, and transparency to ensure that we not only meet but exceed your expectations at every stage of the engagement.

Continuous Innovation: We are committed to continuous improvement and staying at the forefront of our industry. Through ongoing learning, professional development, and investment in new technologies, we ensure that our services are always evolving to meet your evolving needs.

Value for Money: Our competitive pricing and flexible engagement models ensure that you get maximum value for your investment. We are committed to delivering high-quality results that help you achieve a strong return on your investment.

Select Licence Type

Single User

US$ 4250

Multi User

US$ 5050

Corporate User

US$ 6150

Industrial Pumps Market Size & Share, By Product (...

RD Code : 24