PUBLISHER: Grand View Research | PRODUCT CODE: 1908609
PUBLISHER: Grand View Research | PRODUCT CODE: 1908609
The global pumps market size was estimated at USD 61,876.6 million in 2025 and is projected to reach USD 89,175.3 million by 2033, growing at a CAGR of 4.8% from 2026 to 2033. The pump 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 Pump Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research, Inc has segmented the global pumps market report based on type, end use, and region: