PUBLISHER: Grand View Research | PRODUCT CODE: 1789893
PUBLISHER: Grand View Research | PRODUCT CODE: 1789893
Pumps Market Summary
The global pumps market size was estimated at USD 59,650.3 million in 2024 and is projected to reach USD 89,175.3 million by 2033, growing at a CAGR of 4.7% from 2025 to 2033. The market is witnessing growth driven by their essential dual functions, enhancing fluid pressure and increasing flow rates.
In industries such as oil & gas exploration and mining, pumps are vital for maintaining optimal pressure and ensuring accurate dosing of reagents during complex synthesis operations. The demand for pumps is on the rise due to expanding fluid management needs in sectors like power generation and construction. Furthermore, growth in the agricultural investments, urban development, and the necessity for wastewater treatment are anticipated to boost the market further.
Moreover, advancements in technology along with the expansion of key industries such as water & wastewater treatment, chemical, power generation, and agriculture are expected to propel the market's growth.
Global Pumps Market Report Segmentation
This report forecasts global, country, and regional revenue growth and analyzes the latest trends in each sub-segment from 2021 to 2033. For this study, Grand View Research has segmented the global pumps market report by type, end use, and region: