Pumps - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026 - 2031)

According to Mordor Intelligence, the pumps market size is estimated at USD 70.82 billion in 2026, and is expected to reach USD 91.47 billion by 2031, at a CAGR of 5.25% during the forecast period (2026-2031).

This report is Segmented by Pump Type (Centrifugal and Positive-Displacement), Drive Technology (Electric Motor, Diesel/Gas Engine, Solar/Renewable, and Magnetically-Driven/Sealless), Position (Surface, Submersible, and Vertical In-Line), Application (Water and Wastewater, Power Generation, Mining and Metals, and More), and Geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa).

Global Pumps Market Trends and Insights

Escalating CAPEX in Desalination Projects across MENA & APAC

Saudi Arabia's National Water Strategy directs USD 13 billion to reverse-osmosis capacity through 2030, pulling forward demand for high-pressure centrifugal units with duplex stainless-steel internals that resist chloride stress cracking. The UAE's Abu Dhabi Water and Electricity Authority awarded a USD 1.1 billion contract in March 2025 for the Taweelah RO-3 plant, which specifies 12 multistage centrifugal pumps rated at 1,200 m3/h each. India's Jal Jeevan Mission earmarked INR 60,000 crore (USD 7.2 billion) in 2025-26 for coastal desalination pilots, mandating energy-recovery devices that cut lifecycle pumping costs by up to 30%. China's 14th Five-Year Plan adds 2.9 million m3/day of desalination by 2027, with utilities pre-qualifying pump OEMs under ISO 9001 and API 610 standards. Each 100,000 m3/day module demands 8-12 feed pumps plus matching brine-circulation units, advancing near-term bookings for centrifugal lines.

Stringent Wastewater Reuse Mandates in Europe & North America

The EU's updated Urban Wastewater Treatment Directive obliges tertiary treatment for towns above 10,000 population equivalents by December 2030, prompting 6,200 facilities to retrofit 4-6 additional variable-frequency-drive pumps per site. In California, the 2023 Water Resilience Portfolio targets 30% recycled-water use by 2030, releasing USD 2.8 billion for treatment-plant upgrades that incorporate booster pumps to compensate for membrane pressure drops. Pending U.S. PFAS limits will force 12,000 public systems to install new pumping stages linked to granular activated carbon trains. Utilities favor OEMs offering corrosion-resistant alloys and IE3-plus motor efficiencies, accelerating order flow in the short term.

Volatility in Nickel & Stainless-Steel Prices Inflating BoM

Nickel spot prices rose 18% in Q1 2025 before easing 9% by year-end, pushing duplex stainless-steel surcharges up 7-11% at European mills. A 10% nickel move raises impeller and casing costs 4-6%, squeezing equipment margins 150-200 bp among mid-tier OEMs. Flowserve recorded a USD 42 million material-inflation headwind in 2024 despite escalation clauses on long-cycle orders. Smaller Asian fabricators lacking hedging programs face deeper margin erosion because material substitution is limited in chloride-rich or sour-gas services. Bid validity periods have shortened, and some contractors insist on owner-supplied materials to mitigate exposure.

Other drivers and restraints analyzed in the detailed report include:

1. Rapid Expansion of Shale & Deep-water O&G Projects in US Gulf & Brazil
2. Surging District Cooling & Heating Installations in Nordics & Middle East
3. Proliferation of Low-cost Chinese Manufacturers Compressing Margins

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Centrifugal designs accounted for 56.97% of 2025 revenue in the pump market and will register a 6.00% forecast CAGR on the back of desalination modules, municipal upgrades, and HVAC retrofits. The Ras Al Khair facility in Saudi Arabia alone operates 18 multistage centrifugal pumps rated at 1,800 m3/h, highlighting the scale advantage centrifugal frames command in high-flow, moderate-head duty. Their mature supply chain, standardized footprints under ANSI B73.1 and ISO 2858, and broad aftermarket network cut lifecycle costs 20-30% relative to positive-displacement alternatives. Progressive-cavity, diaphragm, and gear pumps together form the remainder of the market, finding steady but niche growth in viscous-fluid and metering applications where self-priming or shear-sensitive handling is non-negotiable.

Positive-displacement models retain firm footholds in pharmaceuticals, dairy, and heavy-oil transfer. The US FDA's 2024 guidance on continuous biologics manufacturing is pivoting facilities toward single-use diaphragm pumps that eliminate cross-contamination risk. In Canada's Athabasca region, screw pumps able to lift 10,000 cP crude are replacing centrifugal units that stall under high viscosity. However, centrifugal units will continue to dominate the pump market size for water, wastewater, and HVAC thanks to modular designs, lower capital intensity, and easier field maintenance.

Electric motors powered 74.90% of installations in 2025, a share expected to erode only modestly as IE3 and IE4 efficiency mandates accelerate retrofits across Europe and North America. Variable-frequency drives integrated with induction motors can slash energy draw 20-30% by matching pump speed to real-time demand. Diesel and gas engines now mainly serve remote or emergency settings because compliance with Tier 4 Final and Stage V exhaust limits adds USD 8,000-15,000 in after-treatment costs above 56 kW.

Meanwhile, solar-driven configurations, a slender 6.50% of 2025 volume, are scaling fastest at a 9.30% CAGR. India's PM-KUSUM subsidy has already deployed 1.8 million systems, shrinking farmer payback periods to four years. Pay-as-you-go models leveraging mobile money in Kenya, Ethiopia, and Nigeria distribute capital costs over 24-36 months, removing the upfront barrier for smallholders. At the premium end, magnetically driven sealless pumps serve life-science and fine-chemical plants where zero leakage outweighs 40-50% higher list prices; Flowserve logged a 12% jump in 2024 orders for such units. The drive-technology split consequently bifurcates: grid-tied electric motors hold entrenched positions in urban industry, solar expands off-grid acreage, and mag-drive variants protect high-value sterile-transfer niches.

Complete Report Scope:

• By Pump Type
  • Centrifugal
  • Positive-Displacement
• By Drive Technology
  • Electric Motor
  • Diesel/Gas Engine
  • Solar/Renewable
  • Magnetically-Driven/Sealless
• By Position
  • Surface
  • Submersible
  • Vertical In-Line
• By Application
  • Water and Wastewater
  • Chemical and Petrochemical
  • HVAC and Building Services
  • Oil and Gas (Upstream, Midstream, Downstream)
  • Food and Beverage
  • Mining and Metals
  • Power Generation (Thermal, Nuclear, Renewables)
  • Pharmaceuticals and Biotech
  • Others
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • NORDIC Countries
    • Russia
    • Turkey
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Thailand
    • Indonesia
    • Vietnam
    • Australia
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Colombia
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • South Africa
    • Egypt
    • Nigeria
    • Qatar
    • Rest of Middle East and Africa

Geography Analysis

Asia-Pacific commanded 53.27% of the 2025 global revenue in the pump market and is projected to grow at a 5.90% CAGR to 2031. India's Jal Jeevan Mission alone needs 2.5-3 million submersible borehole pumps plus 800,000 boosters for elevated storage, while PM-KUSUM underwrites solar sets for 3.5 million smallholders. China adds nearly 3 million m3/day of desalination by 2027 in Tianjin, Qingdao, and Dalian. Southeast Asian manufacturing growth at 8.3% is spurring industrial-process demand in Vietnam and Thailand.

Europe accounted for 21.40% of 2025 revenue and advances at a 4.70% CAGR. Tertiary-treatment retrofits under the Urban Wastewater Directive affect 6,200 plants, while decarbonizing district heating across Sweden and Denmark stimulates variable-speed pump upgrades. Coal retirements eliminate some boiler-feed replacements, yet Thames Water's USD 5.5 billion Tideway Tunnel requires 36 large units by 2027.

North America held 14.60% of 2025 turnover, forecast to expand at 4.90%. Deepwater development, notably Shell's Whale project and BP's Mad Dog 2, locks in submersible orders, while California's recycled-water mandate drives tertiary-treatment retrofits. Canada's heavy-oil segment relies on progressive-cavity pumps, balancing lost thermal-coal circulation demand.

South America delivered 6.30% of 2025 sales and grew at 5.60% on Brazil's pre-salt projects and Chilean copper mine expansions. Middle East and Africa, 4.43% of 2025 value, outpace at 6.10% CAGR thanks to desalination CAPEX and solar-pump rollouts in Kenya, Ethiopia, and Nigeria.

1. Flowserve Corporation
2. Grundfos Holding A/S
3. KSB SE & Co. KGaA
4. ITT Inc.
5. Sulzer Ltd.
6. Ebara Corporation
7. Weir Group plc
8. Xylem Inc.
9. Wilo SE
10. Pentair plc
11. Tsurumi Manufacturing Co. Ltd.
12. Torishima Pump Mfg. Co. Ltd.
13. Baker Hughes Company
14. Schlumberger Limited
15. Celeros Flow Technology LLC
16. Atlas Copco AB
17. Kirloskar Brothers Ltd.
18. Ruhrpumpen Group
19. Desmi A/S
20. Zoeller Pump Co.

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• The market estimate (ME) sheet in Excel format
• 3 months of analyst support