Pumps Market by Type, Distribution Channel, End-User

List of Tables

[194 Pages Report] The Pumps Market size was estimated at USD 95.43 billion in 2023 and expected to reach USD 99.74 billion in 2024, at a CAGR 4.71% to reach USD 131.74 billion by 2030.

Pumps are mechanical devices designed for the purpose of moving fluids, including liquids and gasses, from one location to another. They operate by creating a vacuum or by exerting pressure, which facilitates the flow of fluids. Pumps are fundamental in various industries and daily applications, playing essential roles in water supply, wastewater management, oil and gas industries, agriculture, manufacturing, and many other sectors. Increasing investment in infrastructure development and industrial sector expansion, especially in emerging economies, leads to higher demand for pumps. Moreover, governments worldwide are imposing stringent environmental regulations, pushing industries towards adopting more efficient and less polluting pump technologies. However, the high cost of advanced pump systems and their maintenance can deter small and medium-sized enterprises from adopting them. Furthermore, innovations leading to energy-efficient and more reliable pumping solutions are creating lucrative opportunities for market growth.

KEY MARKET STATISTICS
Base Year [2023]	USD 95.43 billion
Estimated Year [2024]	USD 99.74 billion
Forecast Year [2030]	USD 131.74 billion
CAGR (%)	4.71%

Type: Increasing utilization of diaphragm pumps positive displacement in chemical processing and water treatment facilities

Centrifugal pumps are the most commonly used type of pump, known for their simplicity, effectiveness, and versatility. These pumps work by converting rotational kinetic energy, typically from an engine or electric motor, into energy within the moving fluid. The central component is an impeller, which spins rapidly to create centrifugal force, pushing the fluid outward from the pump inlet to the outlet. Unlike centrifugal pumps, which impart velocity and pressure to fluid, positive displacement pumps move a fixed amount of fluid with each cycle, creating a steady flow regardless of the system pressure. Diaphragm pumps use a flexible membrane that reciprocates back and forth, creating a vacuum to draw in the fluid and then push it out. These pumps are excellent for handling aggressive chemicals, particulate-laden fluids, and other challenging materials since the working mechanism is completely sealed off from the fluid. Reciprocating pumps operate by a back-and-forth movement of a piston within a cylinder, which directly displaces the fluid. These pumps offer the advantage of handling high-viscosity fluids and can operate under higher pressure conditions. Rotary pumps feature rotating mechanisms such as gears, lobes, and screws that move fluid through the pump. They provide a continuous, steady flow and can handle a broad range of fluid viscosities, making them versatile for various industries.

End-User: Expansion of oil & gas exploration activities boosts the demand for pumps

For agriculture, pumps are essential for irrigation, spraying pesticides, and fertilizers. The preference leans towards durable, energy-efficient, and easy-to-maintain pumps capable of handling varying water qualities. Chemicals and petrochemicals require pumps that can handle corrosive, hazardous, and high-temperature fluids. Magnetic drive and diaphragm pumps are preferred for their leak-proof and safe operations. The manufacturing & construction sector demands pumps for various applications, including machine tool cooling, paint circulation, and concrete pumping. Mining operations require pumps for dewatering, slurry transport, and chemical dosing. High durability and the ability to handle abrasive and dense slurry are essential features. The oil and gas industry relies on pumps for upstream, midstream, and downstream operations. Pumps must withstand extreme conditions and handle flammable fluids safely. Pumps in the pharmaceutical industry must ensure hygiene, precision, and gentle handling of liquids. Diaphragm and peristaltic pumps are preferred for their cleanliness and accuracy. In power generation, pumps are used for boiler feedwater, cooling systems, and condensate extraction. Efficiency, reliability, and compliance with regulatory standards are vital. Pumps for water and wastewater treatment need to handle a diverse range of fluid qualities, including solid wastes. Energy efficiency and the capacity to operate in corrosive environments are prioritized.

Regional Insights

The American region stands as a significant market for pumps, driven by robust industrial and agricultural activities. Enhanced oil recovery projects and shale gas extraction have necessitated the demand for specialized pumps. Water and wastewater management also contribute to market demand, responding to both regulatory pressures and environmental concerns. Industrial automation and digitalization trends are influencing purchasing behavior, with customers increasingly favoring smart pump solutions that offer energy efficiency and remote monitoring capabilities. The EU market for pumps is mature, with a strong focus on energy efficiency driven by stringent regulatory standards. This has led to a demand for pumps that minimize energy consumption and carbon footprint. The adoption of smart pumps is on the rise, with industries and municipalities looking to optimize their systems through automation and data analytics for water treatment and distribution. The requirement for pumps in the Middle East is largely exploited by the oil and gas sector, water scarcity issues, and the need for water desalination projects. The market is witnessing substantial investments in infrastructure and renewable energy projects, notably solar-powered desalination plants, which demand high-efficiency pump solutions. The Asia Pacific showcases high demand for pumps, majorly fueled by its vast industrial sectors, including chemicals, water treatment, and irrigation. Government initiatives focusing on environmental protection have steered the market towards more energy-efficient and environmentally friendly pump systems.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Pumps Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Pumps Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Pumps Market, highlighting leading vendors and their innovative profiles. These include Alfa Laval Corporate AB, Altra Industrial Motion Corporation, Atlas Copco AB, Baker Hughes, Cornell Pump Company, Dover Corporation, Ebara Corporation, Flowserve Corporation, Fristam Pumps USA, Gardner Denver, Gorman Rupp Company, Graco Inc., Grundfos Holding A/S, HERMETIC-Pumpen GmbH, Idex Corporation, Ingersoll Rand Inc., ITT Inc., Kirloskar Brothers Ltd., KSB SE & Co. KGaA, Ruhrpumpen Group, Schlumberger Limited, SPX FLOW, Inc., Sulzer Ltd., The Weir Group PLC, Thompson Pump and Manufacturing Company, WILO SE, and Xylem Inc..

Market Segmentation & Coverage

This research report categorizes the Pumps Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Centrifugal Pumps
- Positive Displacement Pump
  - Diaphragm Pumps Positive Displacement
  - Reciprocating Pumps Positive Displacement
  - Rotary Pumps Positive Displacement
Distribution Channel
- Offline
- Online

End-User
- Agriculture
- Chemicals & Petrochemicals
- Manufacturing & Construction
- Mining
- Oil & Gas
- Pharmaceutical
- Power Generation
- Water & Wastewater

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Pumps Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Pumps Market?

3. What are the technology trends and regulatory frameworks in the Pumps Market?

4. What is the market share of the leading vendors in the Pumps Market?

5. Which modes and strategic moves are suitable for entering the Pumps Market?

Product Code: MRR-434CCDA05090

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rising demand for freshwater owing to increasing population
  - 5.1.1.2. Growing oil and gas exploration activities coupled with Increasing demand for crude oil
  - 5.1.1.3. Stringent environmental regulations mandating water treatment and pollution control
- 5.1.2. Restraints
  - 5.1.2.1. High maintenance and operational costs associated with pumps
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in the manufacturing of pumps
  - 5.1.3.2. Emergence of 3D printing technology and computer design & modeling
- 5.1.4. Challenges
  - 5.1.4.1. Concerns associated with pump failure and troubleshooting issues
5.2. Market Segmentation Analysis
- 5.2.1. Type: Increasing utilization of diaphragm pumps positive displacement in chemical processing and water treatment facilities
- 5.2.2. End-User: Expansion of oil & gas exploration activities boosts the demand for pumps
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Pumps Market, by Type

6.1. Introduction
6.2. Centrifugal Pumps
6.3. Positive Displacement Pump

7. Pumps Market, by Distribution Channel

7.1. Introduction
7.2. Offline
7.3. Online

8. Pumps Market, by End-User

8.1. Introduction
8.2. Agriculture
8.3. Chemicals & Petrochemicals
8.4. Manufacturing & Construction
8.5. Mining
8.6. Oil & Gas
8.7. Pharmaceutical
8.8. Power Generation
8.9. Water & Wastewater

9. Americas Pumps Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Pumps Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Pumps Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Strategic Acquisition by Wilo UK Enhances Water Management Services Capabilities
- 12.3.2. The ANNIKA-I and ANISA-I Pumps by Kirloskar Brothers Limited Enhances Fluid Management
- 12.3.3. Enhancing Sustainability and Efficiency in Malaysia's Built Environment: The Launch of Grundfos' Advanced NK and NKE Pump Range
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio