Pump Market Report: Trends, Forecast and Competitive Analysis to 2030

Pump Trends and Forecast

The future of the global pump market looks promising with opportunities in the agriculture, construction & building service, water & wastewater, power generation, oil & gas, and chemical markets. The global pump market is expected to grow with a CAGR of 4.3% from 2024 to 2030. The major drivers for this market are growing investments in the oil & gas sector, technological advancements in pump manufacturing, and rising demand for water treatment facilities across the globe.

A more than 150-page report is developed to help in your business decisions.

Pump by Segment

The study includes a forecast for the global pump by product, application, and region.

Pump Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Centrifugal Pump
• Positive Displacement Pump
• Others

Pump Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Agriculture
• Construction & Building Services
• Water & Wastewater
• Power Generation
• Oil & Gas
• Chemical
• Others

Pump Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Pump Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies pump companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the pump companies profiled in this report include-

• SLB
• Ingersoll Rand
• The Weir Group
• Vaughan Company
• Pentair

Pump Market Insights

Lucintel forecasts that centrifugal pump will remain the larger segment over the forecast period due to its increasing adoption for low-pressure and high-capacity pumping applications.

Within this market, agriculture will remain the largest segment due to increasing utilization of pumps for various purposes within the agriculture sector like irrigation, dewatering of crops, and reuse.

APAC is expected to witness highest growth over the forecast period due to swift industrialization and rising investments in the chemical, petrochemical, and construction industries of the region.

Features of the Global Pump Market

Market Size Estimates: Pump market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Pump market size by product, application, and region in terms of value ($B).

Regional Analysis: Pump market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different products, applications, and regions for the pump market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the pump market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the growth forecast for pump market?

Answer: The global pump market is expected to grow with a CAGR of 4.3% from 2024 to 2030.

Q2. What are the major drivers influencing the growth of the pump market?

Answer: The major drivers for this market are growing investments in the oil & gas sector, technological advancements in pump manufacturing, and rising demand for water treatment facilities across the globe.

Q3. What are the major segments for pump market?

Answer: The future of the pump market looks promising with opportunities in the agriculture, construction & building service, water & wastewater, power generation, oil & gas, and chemical markets.

Q4. Who are the key pump market companies?

Answer: Some of the key pump companies are as follows.

• SLB
• Ingersoll Rand
• The Weir Group
• Vaughan Company
• Pentair

Q5. Which pump market segment will be the largest in future?

Answer: Lucintel forecasts that centrifugal pump will remain the larger segment over the forecast period due to its increasing adoption for low-pressure and high-capacity pumping applications.

Q6. In pump market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to swift industrialization and rising investments in the chemical, petrochemical, and construction industries of the region.

Q7. Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the pump market by product (centrifugal pump, positive displacement pump, and others), application (agriculture, construction & building services, water & wastewater, power generation, oil & gas, chemical, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?