Global Pumps Market Research Report 2026-2031

The global pump market is expected to grow at a CAGR of 5.25% from 2025 to 2031.

Recent Developments in the Pump Market

• In 2025, Grundfos patented a next-generation DDA smart digital dosing TM pump, and 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 2025, Shakti Pumps Limited approved an approximately $1.4 million equity investment in its subsidiary, Shakti Energy Solutions. This investment is aimed at bolstering the company's expansion into DCR-compliant solar cell and module manufacturing at a new facility in Pithampur, Madhya Pradesh, India, strengthening its position in the rapidly growing solar pump segment.

PUMP MARKET TRENDS & ENABLERS

Growing Integration of Energy-Efficient Pumping Solutions

The pump market is witnessing the adoption of energy-efficient pumping solutions as industrial end-users are increasingly seeking to reduce their operating costs and comply with evolving sustainability regulations. Moreover, pump manufacturers are increasing their investments in high-efficiency pumping technologies to improve energy performance. For instance, in 2025, Wilo launched Wilo-Stratos GIGA2.0-I, which is a smart and high-efficiency vertical in-line pump designed to redefine energy savings and operational intelligence across HVAC and industrial systems. Thus, such investments are accelerating the adoption of energy-efficient pumping solutions across industries.

Water and Wastewater Treatment Needs

The rising investments in advanced wastewater infrastructure worldwide are supporting the demand for pumps as they are largely utilized for sewage collection, wastewater transfer, and treatment processes. For instance, in 2025, the Bangalore Water Supply and Sewerage Board (BWSSB) announced plans to establish around 20 new sewage treatment plants to strengthen wastewater management and treatment capacity. Additionally, San Diego's South Bay International Wastewater Treatment Plant (SBIWTP) is also increasing its treatment capacity to approximately 50-60 million gallons per day by 2027. Hence, such investments are expected to significantly support demand for pumping systems globally.

Commercial Construction Activities Driving Demand for Pumping Systems

The rising construction activities are steadily supporting the demand for pumping systems as they are now critical components across residential and commercial buildings to ensure water supply, pressure boosting and circulation, wastewater management, and fire protection systems. For instance, projects such as Nantes University Hospital in Europe which is a 230,000-meter square hospital projects is expected for completion by the end of 2026 and projects such as India's massive airport development is the Noida International Airport, located 72 km from New Delhi inaugurated by Prime Minister Narendra Modi during March 2026, emphasizing the steady expansion of construction activities worldwide, thereby supporting the demand for global pump systems.

Growth in Renovation and Home Improvement Programs

The rising home improvement and renovation activities such as Saudi Arabia's Vision 2030 and SEEP (ongoing 2024-2026) are driving building retrofits, increasing demand for smart pumping systems and the European Commission's Renovation Wave Strategy (launched in 2020 and scaled through 2024-2026 implementation phases) aims to double building renovation rates by 2030 are significantly supporting the market growth of pump systems as aging building stock accelerates the massive replacement and retrofit activities worldwide.

PUMP MARKET SEGMENTATION INSIGHTS

INSIGHT BY OPERATION TYPE

The global pump market by operation type is segmented into electrical and mechanical. The electrically operated pumps accounted for the largest market share of around 65%, owing to the widespread availability of grid power and their superior energy efficiency. These pumps are extensively deployed across water supply, wastewater treatment, industrial processing, power generation, oil & gas, mining, and commercial building applications worldwide.

Electric pumps operate using AC or DC motors that convert electrical energy into mechanical rotation to move fluids efficiently across various applications. Furthermore, the segment dominates owing to widespread use in water treatment, industrial processing, HVAC systems, and agricultural irrigation. Their compatibility with automation platforms, SCADA systems, and digital controls makes them the preferred choice for applications requiring reliable performance, energy efficiency, and continuous operation.

INSIGHT BY PRODUCT TYPE

Based on the product type, the centrifugal pump segment accounted for the largest global pump market share in 2025, driven by widespread adoption across water treatment, oil & gas, chemicals, agriculture, construction, and power generation industries. Their high flow-handling capability, simple design, and cost-effective operation support sustained market demand.

APAC remains the largest market for centrifugal pumps, driven by rapid urbanization, expanding manufacturing activity, and growing investments in water infrastructure. Countries such as China and India continue to invest heavily in irrigation networks, wastewater treatment facilities, and industrial projects, creating strong and consistent demand for centrifugal pumping solutions. For instance, India's Jal Jeevan Mission has expanded rural drinking water infrastructure to millions of households, supporting significant deployment of centrifugal pumps across water distribution and treatment applications.

INSIGHT BY STAGE TYPE

Based on the stage type, the multistage shows significant growth, with the fastest-growing CAGR of 6.57% during the forecast period. The growth is driven by growing demand from high-pressure applications across water treatment, power generation, oil & gas, mining, boiler feed systems, and industrial processing facilities. These pumps employ multiple impellers arranged in series to generate higher discharge pressures while maintaining efficient fluid transfer. Their ability to handle demanding operating conditions makes them particularly suitable for applications requiring long-distance water transport, pressure boosting, and high-head pumping systems.

Furthermore, increasing investments in desalination plants, municipal water infrastructure, industrial water management, and energy projects worldwide are helping market growth. Growing emphasis on energy efficiency, water conservation, and reliable high-pressure pumping solutions is encouraging adoption across both developed and emerging markets. In addition, expanding industrialization and urban infrastructure development are creating new opportunities for multi-stage pump deployment across critical water and process applications.

INSIGHT BY RECIPROCATING PUMP TYPE

In 2025, the piston pumps segment dominated the global pumps market, supported by its widespread use in applications requiring high-pressure fluid transfer and precise flow control. The growth is supported by its widespread use in applications requiring high-pressure fluid transfer and precise flow control. This segment includes reciprocating positive displacement pumps that use either a piston or a plunger mechanism to move fluids at high pressures with precise flow control.

These pumps are extensively used in oil & gas operations, chemical processing, mining, power generation, industrial cleaning, and water treatment applications. Their ability to operate at pressures ranging from several hundred to several thousand PSI makes them suitable for chemical injection, hydrostatic testing, water jetting, reverse osmosis systems, and other demanding applications where pressure stability, efficiency, and flow accuracy are critical operating requirements.

INSIGHT BY ROTARY PUMP TYPE

Based on rotary type, the global pump market is segmented into gear pumps, screw pumps, lobe pumps, vane pumps, and others. In 2025, the gear pumps segment accounted for the largest share of over 36% of the market, because of its widespread use in oil & gas, chemical processing, hydraulic systems, fuel transfer, lubrication systems, and industrial machinery.

These pumps operate through two intermeshing gears that create a continuous flow of fluid between the suction and discharge sides. Their relatively simple construction, compact footprint, and limited number of moving parts contribute to reliable operation and straightforward maintenance across a wide range of industrial environments.

Their robust design and tight internal clearances enable sustained operation under demanding pressure conditions, supporting applications where process continuity and equipment reliability are critical operational considerations.

INSIGHT BY END-USER

Based on end-user, the industrial segment accounted for the largest share of the market and grew at a high CAGR during the forecast period. The industrial pumps market is characterized by diverse demand across water infrastructure, process industries, energy production, resource extraction, and manufacturing operations. Industrial pumps serve as critical equipment for fluid transfer, circulation, dosing, pressure boosting, cooling, dewatering, and process applications. The market is broadly segmented into water & wastewater, chemical, food & beverage, power, oil & gas, pharmaceutical, mining, and other industrial applications.

Based on the industrial segment, the water & wastewater segment dominates and holds the largest share of the market in 2025, supported by increasing investments in municipal water infrastructure, wastewater treatment facilities, desalination plants, stormwater management systems, and industrial water reuse projects worldwide. The demand for pumping systems is being shaped by growing concerns over water scarcity, urban population growth, aging infrastructure, and stricter environmental regulations.

Governments and utilities are increasingly investing in water conservation, wastewater recycling, and sustainable water management programs to improve long-term water security. These initiatives are driving the deployment of centrifugal, submersible, positive displacement, and intelligent pumping systems across both municipal and industrial applications.

PUMP MARKET GEOGRAPHICAL ANALYSIS

In 2025, APAC is the largest market for the global pump market, accounting for more than 40%. China is the largest contributor, and India is the fastest-growing market owing to the rising government initiatives like the Pradhan Mantri Awas Yojana (PMAY), Jal Jeevan Mission, Pradhan Mantri Krishi Sinchayee Yojana (PMKSY), and AMRUT, which continue to support large-scale water supply, irrigation, and wastewater infrastructure.

Europe pump market represents one of the most mature and technologically advanced markets globally, supported by stringent environmental regulations, extensive investments in water infrastructure, industrial modernization, and ambitious sustainability objectives. The demand is increasingly driven by energy-efficiency requirements, water conservation initiatives, and the modernization of aging infrastructure across municipal, industrial, commercial, and residential applications. As operational efficiency and lifecycle cost optimization become higher priorities, end users are increasingly adopting advanced pumping systems with variable-speed drives, intelligent controls, and monitoring capabilities.

Moreover, the North America region is the third-largest market, and the US dominates the market across the region and accounts for a significant revenue share during 2025, characterized by a strong mix of rising manufacturing activities, the requirement of liquid cooling in data centers, replacement-driven residential demand, and cyclical new construction activities.

PUMP MARKET VENDOR LANDSCAPE

The global pump market is highly fragmented and comprises international and regional players such as Grundfos, Xylem, KSB, Flowserve, Sulzer, Ebara, and Wilo, among others, which hold significant market share because of their broad product portfolios and are implementing various strategies such as technological advancements, M&A, and collaboration with varied retailers to stay competitive in the growing market. For instance, in 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.

Furthermore, leading players maintain their competitive advantage through continuous investments in research and development, focusing on sustainable solutions, renewable-energy applications, smart pumping systems, and next-generation hydraulic technologies. These investments create significant technological and operational barriers for smaller regional competitors while supporting compliance with evolving environmental standards.

Key Company Profiles

• Grundfos Holding A/S
• Xylem Inc.
• EBARA Corporation
• WILO SE
• Flowserve Corporation
• Alfa Laval
• Baker Hughes Company
• Bosch Rexroth
• Circor International
• Desmi
• Dover
• Franklin Electric
• General Electric Company
• IDEX
• Kirloskar Brothers Limited
• KSB Limited
• Nikkiso
• Pentair
• SLB
• SPX FLOW, Inc.
• Sulzer Ltd
• The Weir Group PLC
• Torishima Pump Mfg. Co., Ltd.
• Weatherford

Other Prominent Company Profiles

• Atlas Copco AB
• Arian Pumps
• AR North America
• CNP India Private Limited
• CP Pumpen AG
• Dickow Pump Company
• Global Pump
• Gorman-Rupp Pump
• Haight Pumps
• HERMETIC-PUMPEN
• HCP Pump Manufacturer Co., Ltd.
• Ingersoll Rand Inc.
• 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 Pumps
• Ruthrpumpen
• Ryan Herco Flow Solutions
• Sahinler Submersible Pumps
• Samsun Makina Sanayi
• SEKO
• SEMPA
• Shakti Pumps Ltd.
• Sumak Pumps
• Summit Pumps
• Sundyne
• Tark Inc.
• Teikoku Electric Mfg. Co., Ltd.
• Vaughan Company
• Vestapump
• WPIL Limited
• Danfoss
• WEG
• Zhejiang Doyin Technology Co. Ltd.
• Zoeller Pump Company
• Moog
• Roto pumps
• Jyoti
• Aqua Group
• Angle Pumps
• Lubi Industries LLP
• C.R.I. Pumps Private Limited
• Besten
• Deccan Industries
• Dover India Pvt. LTD.
• Duke Pumping Solutions Private Limited
• Ekki Water Technologies
• Ellen Group
• Endura Pumps
• Havells
• Jasco Pumps Pvt. LTD.

Segmentation by Operation

• Electrical
• Mechanical

Segmentation by Product

• Centrifugal
• Reciprocating
• Rotary

Segmentation by Centrifugal

• Single Stage
• Multi-Stage

Segmentation by Reciprocating

• Piston
• Diaphragm

Segmentation by Rotary

• Gear
• Lobe
• Screw
• Vane
• Others

Segmentation by End-User

• Industrial
• Agriculture
• Commercial
• Residential

Segmentation by Industrial

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

Segmentation by Geography

• APAC
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Indonesia
  • Malaysia
  • Vietnam
  • Singapore
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Nordics
  • Belenux
  • Poland
• North America
  • US
  • Canada
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Turkey
  • Egypt
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Chile

KEY QUESTIONS ANSWERED:

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

2. How big is the global pump market?

3. What are the key trends in the global pump market?

4. Which region dominates the global pump market?

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