Global Pump Market Research Report 2025-2030

The global pump market size is expected to grow at a CAGR of 4.69% from 2024 to 2030.

IMPACT OF US & CHINA TRADE WAR

Continuous tension between the U.S. and China is disrupting the global pump market and causing the price of steel, cast iron, and different alloys used in pumps to increase. The extra expenses from tariffs, up to 8%, have caused Flowserve and Xylem to source pump components across Southeast Asia and Eastern Europe. However, this has resulted in significant delays, often 12-16 weeks, in receiving these components. Chinese companies are producing important components near their production lines, but have trouble getting them properly tested and certified. Because of such trade barriers, manufacturers are setting up new plants or expanding their businesses in Southeast Asia to avoid extra tariffs.

Smaller pump companies are facing a rise in spare parts that is up to 15%, while users of wastewater or agricultural products are turning to alternatives or used pumps. The uncertainty in demand is causing a drop in the U.S. petrochemical pump orders and slowing down water infrastructure projects in China. Leading OEMs are accelerating digitalization, localizing IoT platforms, and collaborating across borders to stabilize supply chains.

PUMP MARKET TRENDS & ENABLERS

Governments globally are investing in infrastructure development projects, which have reached historic levels because they include new roads, bridges, industrial parks, and smart-city initiatives, which drive pump demand across chilled-water HVAC systems, municipal water-supply networks, and irrigation systems. In parallel, water & wastewater treatment plants are expected to fulfill stricter regulations, and this is encouraging the use of energy-efficient centrifugal and submersible pumps and supporting the pump market growth.

Furthermore, because of the rise in oil & gas exploration, production in offshore locations, and shale gas production sites, the usage of advanced pumping tools such as multiphase pumps for oil and gas, boosters for offshore, and corrosion-proof pumps for acidic or abrasive fluids is increasing. Also, the construction of new pipelines and LNG export terminals in midstream operations increases the need for pump systems that can operate under harsh temperature conditions and high pressure while handling different fluid compositions.

Growth in the automotive industry, especially the electric-vehicle (EV) segment, is increasing the need for engine-cooling pumps, fuel-transfer pumps, and electric coolant pumps. Plus, strict emission and fuel-efficiency regulations are prompting automakers to integrate lightweight, high-performance pump modules, spurring R&D into compact, brushless motor-driven designs and compact e-pump architectures for next-generation vehicles.

INDUSTRY RESTRAINTS

Due to the high up-front costs, users with smaller systems choose more affordable pumps rather than installing new ones. A lack of capital is one of the biggest issues faced by developing regions. Also, rising prices for steel, cast iron, and different alloys mean OEMs have to pay more, take no profit, or make buyers pay, which leads to lower sales. When there is an economic downturn, customers are likely to put off purchasing new pumps. Such factors can hamper the pump market growth.

Also, due to a market where different local and regional manufacturers compete mostly on cost, the products tend to have unstable quality and have limited support after purchase. When there isn't any standardization or dependable partnerships, large-scale buyers refrain from investing in energy-efficient solutions. Moreover, a lack of adequate training for service technicians and end-users on pump operation and maintenance creates a significant hurdle. This knowledge gap often leads to perceived frequent failures and unexpected repair costs for advanced pump technologies, ultimately hindering their broader market adoption.

SEGMENTATION INSIGHTS

INSIGHTS BY OPERATION

The global pump market by operation is segmented into electrical and mechanical. The market will be led by electrical operation, which holds the most dominant segmental share in 2024. Electric-driven pumps dominate the market because they offer higher efficiency and simpler integration with electrical grids and work well in all industrial, commercial, and residential applications.

Furthermore, mechanical pumps derive their driving force from non-electric sources such as diesel or gasoline engines, hydraulic motors, pneumatic drives, or manual cranks, which convert fuel or compressed air into rotational or reciprocating motion for fluid transfer. Also, end-users span agricultural irrigation and rural water supply, where diesel-driven centrifugal pumps like Honda's WB30X deliver up to 290 gal/min for field watering and construction dewatering sites through to firefighting applications using engine-driven fire-pump sets and hydrostatic testing via pneumatic AODD pumps that hold precise pressures for prolonged periods. The main drivers for core adoption include the need for dependable water transfer in areas without electricity grid access and safety regulations for hazardous zones and emergency preparedness needs for fire departments, and lower capital expenses than fully instrumented electric drive systems.

INSIGHTS BY PRODUCT

The global pump market by product is segmented into centrifugal, reciprocating, and rotary. Centrifugal pumps hold the largest share in 2024. Their prevalence is due to their relatively simple design, low maintenance requirements, and versatility in handling a wide range of flow rates and fluid types, making them the go-to choice for most standard pumping needs to operate efficiently at different loads makes them the preferred solution for big power stations.

INSIGHTS BY CENTRIFUGAL PUMP

The market share of single-stage centrifugal pumps reaches over 26% in 2024 because they are highly effective at transferring water, HVAC, and irrigation operations that need average head and flow rates. Moreover, submersible centrifugal pumps are projected to achieve a 5.19% CAGR during the forecast period. The market expansion of submersible pumps occurs because of growing needs for deep-well water extraction, dewatering operations in construction/ mining, and increasing adoption of submersible pumps in wastewater management systems.

INSIGHTS BY RECIPROCATING PUMP

The piston segment leads the reciprocating pump market in 2024. The high-pressure capabilities of these pumps make them the top selection for oil & gas injection services, high-pressure cleaning, and specific chemical infiltration applications. Also, piston pump technology advances through digital control integration and variable-speed drives, and IoT-enabled monitoring systems, which improve precision and operational efficiency.

INSIGHTS BY ROTARY PUMP

Gear pumps lead the rotary pump market with over 26% share in 2024. Their compact footprint and ability to handle viscous fluids (e.g., lubricants, light oils) make them common in hydraulic power units and lubrication systems. Furthermore, lobe rotary pumps are forecast to grow at a 5.85% CAGR through the forecast period, as their gentle, non-pulsating flow suits sanitary applications, particularly in food & beverage processing, pharmaceuticals, and cosmetics, where maintaining product integrity and hygiene is critical.

INSIGHTS BY END USER

The industrial end-user market makes up the most significant share of the global pump market in 2024. The oil & gas sector, chemical, power generation, and mining industries need extensive fluid handling systems for their refinery circulation, cooling water, and slurry transport operations. The industry-leading pump manufacturers, including Grundfos, KSB, Flowserve, ITT Goulds, and Sujal Engineering, produce broad product lines that deliver durable pumps with energy-efficient and environmentally compliant solutions. Furthermore, the commercial end-user market is projected to grow at a 4.24% CAGR because of HVAC installations and water treatment plants in commercial buildings, and booster pumps needed for high-rise developments and retail facilities.

INSIGHTS BY INDUSTRY

The oil & gas industry stands as the leading consumer of pumps because it accounts for over 21% of the global industrial pump market in 2024. Robust pumping solutions serve both upstream operations, which include crude transfer, well-injection, and downstream operations, which involve refinery circulation and pipeline boosting. Furthermore, the food & beverage industry will experience a 5.95% growth rate. The sector experiences rising demand for specialized pumps (e.g., lobe, centrifugal) because of intensive cleaning requirements, strict hygiene standards, and growing capacity in bottled water, dairy, and beverage production.

PUMP MARKET GEOGRAPHICAL ANALYSIS

In 2024, the APAC region dominated the global pump market, with China contributing about 38% of total revenues. Moreover, rapid industrialization and infrastructure expansion in China, India, and Southeast Asia drive demand for water supply, HVAC, and industrial pumps. Investments in construction, mining, and manufacturing sectors boost sales of centrifugal and positive-displacement units. The growing pharmaceutical and food-processing industries adopt hygienic designs and digital monitoring to ensure quality and operational reliability. Furthermore, the Indian pump market is expected to grow at a CAGR of around 6.13% owing to massive infrastructure spending and rising demand for water and wastewater treatment.

In the North American pump market, Xylem, Flowserve, and Grundfos are among the most competitive companies that provide pump services to the oil & gas, municipal water, and construction areas. The expansion of industry and strict energy-efficiency rules are important drivers of growth. Furthermore, the growth of the European pump market is expected to be 4.21% CAGR due to strict environmental and water-management directives. The biggest contributions are from Germany, the UK, and France, due to their advanced factories and continual investments in pump R&D.

In 2024, Latin America's share reached over 4% in the global pump market, and further steady advancement is anticipated. Brazil and Mexico are the top performers in the region because of the money invested in waste treatment systems and wider oil exploration. Furthermore, large-scale desalination, new oil & gas projects, and increased municipal water projects offer opportunities in MEA's pump market to meet additional water demand.

VENDOR LANDSCAPE

The global pump market consists of multinational and regional companies that provide different products for water treatment and oil and gas and chemical, and construction applications, which sustain market demand because of infrastructure development and urban expansion. The leaders in the pump market dedicate their resources to developing IoT-enabled remote monitoring systems and predictive maintenance solutions and digital control systems, and high-efficiency pump designs to reduce energy consumption and operating expenses and fulfill environmental standards.

As companies show good performance and a consistent supply chain network, they earn customers' trust to supply pumps on time and keep them available to them in their store. Also, to improve lead times and service, manufacturers are focusing on regional expansion. KSB commissions various manufacturing plants in Vietnam, and Xylem opened a service centre in Mexico. Furthermore, leading players in the global pump market maintain competitive prices through continuous R&D investments in sustainable solutions and renewable-ready technologies, and cutting-edge innovations that create substantial barriers for regional competitors to enter the market.

PUMP MARKET NEWS

• In March 2025, Grundfos patented a next-generation DDA smart digital dosing TM pump. These pumps are designed to help industries, building owners, and utilities create a more sustainable future, providing steady, consistent chemical dosing for rigorous applications.
• In 2025, Flowserve unveiled the world's first Sealless pump. These pumps are the world's only magnetic drive pumps that are double hermetically sealed and feature a secondary independent containment system to reduce impact from failures.
• In October 2024, Atlas Copco acquired Dutch specialist Pomac BV in the field of hygienic pumps to gain a better foothold in the food and pharmaceutical industries.
• IDEX China released the PulsaMax 8480 as a hydraulic diaphragm metering pump for precise chemical dosing in industrial processes on December 11, 2024.
• Denmark's Svanehoj Group A/S was acquired by ITT, Inc. in January 2024 to bring its cryogenic and marine pump expertise into ITT's pump business.

Key Company Profiles

• GRUNDFOS
• Xylem
• EBARA Corporation
• WILO SE
• Flowserve Corporation

Upcoming Players

• Alfa Laval
• Baker Hughes Company
• Bosch Rexroth
• CIRCOR International
• DESMI A/S
• Dover Corporation
• Franklin Electric
• General Electric
• IDEX
• ITT
• KIRLOSKAR BROTHERS LIMITED
• KSB
• Nikkiso
• Pentair
• Putzmeister
• SLB
• SPX Flow
• Sulzer
• The Weir Group PLC
• Torishima Pump Mfg. Co., Ltd.
• Weatherford

Other Prominent Vendors

• Atlas Copco AB
• Arian Pumps
• AR North America
• CNP India Private Limited
• CP Pumpen AG
• Dickow Pump Company
• Dover Corporation
• Global Pump
• Haight Pumps
• HERMETIC-Pumpen
• IDEX
• Ingersoll Rand
• Iwaki America
• Jetox Motor Pumps
• Klaus Union
• Kracht Corp.
• Masdaf
• Marzocchi Pompe S.p.A.
• Naniwa Pump Mfg
• Netzsch
• Norm Hydrophore Pump
• PRORIL
• Pumpport
• Roper Pumps
• Roth Pump
• Ruhrpumpen
• Ryan Herco Flow Solutions
• Sahinler Submersible Pump
• Samsun Makina Sanayi
• SEKO S.p.A.
• Sempa
• Shakti Pumps Ltd
• Sumak Pump
• Summit Pump
• Sundyne
• Tark LLC
• TEIKOKU ELECTRIC MFG.CO.,LTD.
• Vaughan Company
• Vesta Pump
• WPIL Limited
• Danfoss
• WEG
• Zoeller Company
• Zhejiang Doyin Technology Co. Ltd

SEGMENTATION & FORECAST

Segmentation by Operation

• Electrical
• Mechanical

Segmentation by Product

• Centrifugal
• Reciprocating
• Rotary

Segmentation by Centrifugal Pump

• Single-stage
• Multi-stage
• Submersible
• Turbine
• Others

Segmentation by Reciprocating Pump

• Piston
• Diaphragm

Segmentation by Rotary Pump

• Gear
• Lobe
• Peristaltic
• Vane
• Others

Segmentation by End-user

• Industrial
• Agricultural
• Commercial
• Residential

Segmentation by Industrial

• Oil & Gas
• Water & Wastewater
• Food & Beverage
• Chemical
• Power
• Mining
• Pharmaceutical
• Others

Segmentation by Geography

• APAC
• China
• Japan
• India
• South Korea
• Indonesia
• Australia
• Malaysia
• Vietnam
• Europe
• Germany
• The U.K.
• France
• Italy
• Spain
• Russia
• Sweden
• Netherlands
• Poland
• North America
• The U.S.
• Canada
• Middle East & Africa
• Saudi Arabia
• Turkey
• UAE
• South Africa
• Egypt
• Latin America
• Brazil
• Mexico
• Argentina

KEY QUESTIONS ANSWERED:

1. How big is the global pump market?

2. What is the growth rate of the global pump market?

3. Which region dominates the global pump market share?

4. What are the significant trends in the pump market?

5. Who are the key players in the global pump market?