Industrial Pumps Market by Type, Position, Driving Force, and Vertical - Global Forecast to 2036

Industrial Pumps Market by Type (Centrifugal Pumps, Positive Displacement Pumps), Position (Submersible, Non-submersible), Driving Force (Electric Motor-driven, Engine-driven), and Vertical (Water & Wastewater, Oil & Gas, Chemicals, Food & Beverages, Power Generation, Pharmaceuticals) - Global Forecast to 2036

According to the research report titled, 'Industrial Pumps Market by Type (Centrifugal Pumps, Positive Displacement Pumps), Position (Submersible, Non-submersible), Driving Force (Electric Motor-driven, Engine-driven), and Vertical (Water & Wastewater, Oil & Gas, Chemicals, Food & Beverages, Power Generation, Pharmaceuticals) - Global Forecast to 2036,' the global industrial pumps market is expected to reach approximately USD 121.50 billion by 2036 from USD 77.80 billion in 2026, at a CAGR of 4.6% during the forecast period (2026-2036).

The report provides an in-depth analysis of the global industrial pumps market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2036. Following extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts the impact analysis of the key industry drivers, restraints, opportunities, and challenges.

The major factors driving the growth of the industrial pumps market include the intensifying global focus on infrastructure modernization, rapid expansion of the water treatment and sustainable energy sectors, stringent operational reliability standards, and the need to minimize the risk of facility downtime. Additionally, the rapid expansion of desalination and smart manufacturing sectors, increasing need for high-precision fluid handling, automated facility management solutions, AI-powered predictive maintenance systems, and digital transformation initiatives are expected to create significant growth opportunities for players operating in the industrial pumps market.

Market Segmentation

The industrial pumps market is segmented by type (centrifugal pumps, positive displacement pumps), position (submersible, non-submersible), driving force (electric motor-driven, engine-driven), vertical (water & wastewater, oil & gas, chemicals, food & beverages, power generation, pharmaceuticals), and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on Type

By type, the centrifugal pumps segment holds the largest market share in 2026, primarily attributed to their versatile use in supporting high-volume fluid transport and mass-market industrial collaborations. These systems offer the most comprehensive way to ensure fluid interoperability across diverse applications. Centrifugal pumps are utilized extensively in water treatment, oil & gas, and chemical processing industries. However, the positive displacement pumps segment is expected to grow at a rapid CAGR during the forecast period, driven by the growing need for robust implementation, specialized applications, and technical support in complex fluid handling digital transformations. The ability to provide precise flow control and handle viscous fluids makes positive displacement pumps highly attractive for specialized industrial applications.

Based on Position

By position, the non-submersible segment holds the largest share of the overall market in 2026, primarily due to the historical dominance of surface-mounted units and the increasing popularity of modular pump designs. Surface-mounted pumps offer easier installation, maintenance, and operational flexibility for industrial facilities. The submersible segment is expected to witness the fastest growth during the forecast period, driven by the shift toward deep-well applications, underwater installations, and the complexity of multi-functional fluid handling systems. Submersible pumps are increasingly deployed in challenging environments such as deep boreholes, wastewater treatment facilities, and offshore operations.

Based on Driving Force

By driving force, the electric motor-driven segment holds the largest share of the overall market in 2026, driven by superior energy efficiency, operational reliability, and integration with smart facility management systems. Electric motor-driven pumps dominate industrial applications due to their consistent performance and lower operational costs. The engine-driven segment represents a significant segment for remote and off-grid applications where electrical infrastructure is unavailable. This segment is expected to maintain steady growth through 2036, fueled by expanding applications in remote industrial sites, emergency backup systems, and specialized operations requiring portable fluid handling solutions.

Based on Vertical

By vertical, the water & wastewater segment holds the largest share of the overall market in 2026, driven by the need for comprehensive fluid handling solutions across municipal and industrial water treatment facilities. Oil & gas, chemicals, food & beverages, power generation, and pharmaceuticals represent significant segments with distinct pump requirements. Water & wastewater treatment represents the largest application with municipal infrastructure and industrial wastewater processing. Oil & gas segment is expected to witness significant growth driven by upstream, midstream, and downstream operations. Food & beverages and pharmaceuticals represent specialized segments requiring hygienic and precision fluid handling capabilities.

Geographic Analysis

An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. In 2026, Asia-Pacific dominates the global industrial pumps market with the largest market share, primarily attributed to massive industrialization and the presence of the world's largest manufacturing hubs, particularly in China and India. China alone accounts for a significant portion of global pump consumption, with its position as a leading exporter of industrial equipment driving sustained growth. North America and Europe together account for a substantial share of the global market, driven by the need for technological modernization and the implementation of stringent operational standards. Middle East & Africa is expected to witness the fastest growth during the forecast period, supported by massive investments in desalination projects and the rapid adoption of advanced fluid handling solutions in Saudi Arabia and the UAE.

Key Players

The key players operating in the global industrial pumps market are Flowserve Corporation (U.S.), Grundfos Holding A/S (Denmark), Xylem Inc. (U.S.), KSB SE & Co. KGaA (Germany), Sulzer Ltd. (Switzerland), Wilo SE (Germany), ITT Inc. (U.S.), Ebara Corporation (Japan), Alfa Laval AB (Sweden), Baker Hughes Company (U.S.), Spirax-Sarco Engineering plc (UK), Crane Co. (U.S.), and various other regional and emerging manufacturers, among others.

Key Questions Answered in the Report

• What is the current revenue generated by the industrial pumps market globally?
• At what rate is the global industrial pumps market demand projected to grow for the next 7-10 years?
• What are the historical market sizes and growth rates of the global industrial pumps market?
• What are the major factors impacting the growth of this market at the regional and country levels? What are the major opportunities for existing players and new entrants in the market?
• Which segments in terms of type, position, driving force, and vertical are expected to create major traction for the service providers in this market?
• What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the companies operating in the global industrial pumps market?
• Who are the major players in the global industrial pumps market? What are their specific service offerings in this market?
• What are the recent strategic developments in the global industrial pumps market? What are the impacts of these strategic developments on the market?

Scope of the Report:

Industrial Pumps Market Assessment -- by Type

• Centrifugal Pumps
• Positive Displacement Pumps

Industrial Pumps Market Assessment -- by Position

• Submersible
• Non-submersible

Industrial Pumps Market Assessment -- by Driving Force

• Electric Motor-driven
• Engine-driven

Industrial Pumps Market Assessment -- by Vertical

• Water & Wastewater
• Oil & Gas
• Chemicals
• Food & Beverages
• Power Generation
• Pharmaceuticals
• Other Verticals

Industrial Pumps Market Assessment -- by Geography

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Southeast Asia
  • Rest of Asia-Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of Middle East & Africa