Product Code: GVR-1-68038-325-6
Industrial Pumps Market Growth & Trends:
The global industrial pumps market size is expected to reach USD 59.95 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.7% from 2024 to 2030. The market is primarily driven by the increasing investments in the exploration and production activities by oil & gas companies, coupled with the rising product adoption in the oil & gas industry across the globe.
The oil & gas sector is one of the most predominant markets in the world. In oil-producing regions like the Middle East, the product demand is driven by ongoing drilling activity. In addition, the rising hydraulic fracturing in the oil & gas industry is driving the demand for process equipment in the U.S., thereby driving the industry over the forecast period.
The pandemic impacted the demand for this product negatively as the lockdown restrictions aimed at limiting the spread of the virus across the globe resulted in the closure of industrial pump manufacturing facilities. Furthermore, the travel restrictions caused severe supply chain disruption, making it difficult for manufacturers to obtain raw materials for production.
The growing demand for water supply on account of the increasing population is augmenting the demand for water and wastewater treatment facilities across the world. Furthermore, the increasing investments in wastewater treatment plants, coupled with the rising adoption of pumps in these plants, are expected to drive the market over the forecast period.
Technological advancements and new product launch amid the COVID-19 pandemic restrictions are expected to drive the industry. For instance, with the launch of the DDP096, a 92cc/rev medium-duty radial piston pump that offers digital operational capabilities in the industries, Danfoss unveiled a new series of digital displacement hydraulic pumps in January 2021.
Major oil & gas refiners are anticipated to upgrade their existing infrastructure to produce low-sulfur fuels on account of the IMO 2020 standard that is effective from January 1, 2020. The demand for this product is expected to witness significant growth owing to ongoing and projected refinery upgrades across the globe.
Industrial Pumps Market Report Highlights:
- The industrial pump industry is at a medium growth stage with an accelerating pace of growth, characterized by high degree of competition, owing to various cost-efficient technologies adopted by industry players for manufacturing industrial pumps.
- The centrifugal pump segment dominated the market by holding 67.4% market share in 2023. These pumps are used to control and regulate the direction of gases, vapors, liquids, and other fluids.
- The water & wastewater treatment segment dominated the market in 2023, owing to increasing demand for water treatment facilities to manage the wastewater being generated and overcome the growing water scarcity in municipalities across the globe.
- The industrial pumps market in Asia Pacific led the market share in 2023. Rapid industrialization, coupled with the growing demand for fluid handling in several countries, including China and India, is expected to boost the market potential.
Table of Contents
Chapter 1. Industrial Pumps Market: Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Industrial Pumps Market: Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Industrial Pumps Market: Variables, Trends & Scope
- 3.1. Market Segmentation & Scope
- 3.2. Penetration and Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.4. Technology Overview
- 3.5. Regulatory Framework
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Industry Challenges
- 3.7. Business Environment Analysis: Industrial Pumps Market
- 3.7.1. Industry Analysis - Porter's
- 3.7.1.1. Supplier Power
- 3.7.1.2. Buyer power
- 3.7.1.3. Threat of substitutes
- 3.7.1.4. Threat of new entrants
- 3.7.1.5. Competitive rivalry
- 3.7.2. PESTEL Analysis
- 3.7.2.1. Political Landscape
- 3.7.2.2. Economic Landscape
- 3.7.2.3. Social Landscape
- 3.7.2.4. Technological Landscape
- 3.7.2.5. Environmental Landscape
- 3.7.2.6. Legal Landscape
- 3.8. COVID-19 Impact Analysis
Chapter 4. Industrial Pumps Market: Product Type Estimates & Trend Analysis
- 4.1. Product Type Movement Analysis & Market Share, 2023 & 2030
- 4.2. Industrial Pumps Market: Product Type Movement Analysis, 2023 & 2030
- 4.3. Centrifugal Pump
- 4.3.1. Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 4.3.1.1. Market Estimates And Forecasts, By Product Type 2018 - 2030 (USD Million)
- 4.3.1.1.1. Axial Flow Pump
- 4.3.1.1.1.1. Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 4.3.1.1.2. Radial Flow Pump
- 4.3.1.1.2.1. Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 4.3.1.1.3. Mixed Flow Pump
- 4.3.1.1.3.1. Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 4.4. Positive Displacement Pump
- 4.4.1. Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 4.4.1.1. Market Estimates And Forecasts, By Product Type 2018 - 2030 (USD Million)
- 4.4.1.1.1. Reciprocating Pumps
- 4.4.1.1.1.1. Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 4.4.1.1.2. Rotary Pumps
- 4.4.1.1.2.1. Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 4.4.1.1.3. Others
- 4.4.1.1.3.1. Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 5. Industrial Pumps Market: Application Estimates & Trend Analysis
- 5.1. Application Movement Analysis & Market Share, 2023 & 2030
- 5.2. Industrial Pumps Market: Application Movement Analysis, 2023 & 2030
- 5.3. Oil & Gas
- 5.3.1. Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.4. Chemicals
- 5.4.1. Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.5. Construction
- 5.5.1. Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.6. Power
- 5.6.1. Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.7. Water & Wastewater
- 5.7.1. Market Estimates And Forecasts, 2018 - 2030 (USD Million)
- 5.8. Others
- 5.8.1. Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 6. Industrial Pumps Market: Region Estimates & Trend Analysis
- 6.1. Industrial Pumps Market Share, By Region, 2023 & 2030, USD Million
- 6.2. North America
- 6.2.1. North America Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.2. North America Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.2.2.1. North America Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.2.2. North America Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.3. North America Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.2.4. U.S.
- 6.2.4.1. Key Country Dynamics
- 6.2.4.2. U.S. Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.4.3. U.S. Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.2.4.4. U.S. Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.4.5. U.S. Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.4.6. U.S. Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.2.5. Canada
- 6.2.5.1. Key Country Dynamics
- 6.2.5.2. Canada Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.5.3. Canada Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.2.5.4. Canada Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.5.5. Canada Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.5.6. Canada Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.2.6. Mexico
- 6.2.6.1. Key Country Dynamics
- 6.2.6.2. Mexico Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.6.3. Mexico Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.2.6.4. Mexico Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.6.5. Mexico Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.6.6. Mexico Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.3. Europe
- 6.3.1. Europe Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. Europe Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.3.2.1. Europe Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2.2. Europe Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.3. Europe Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.3.4. Germany
- 6.3.4.1. Key Country Dynamics
- 6.3.4.2. Germany Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4.3. Germany Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.3.4.4. Germany Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4.5. Germany Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.4.6. Germany Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.3.5. France
- 6.3.5.1. Key Country Dynamics
- 6.3.5.2. France Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.5.3. France Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.3.5.4. France Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.5.5. France Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.5.6. France Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.3.6. Italy
- 6.3.6.1. Key Country Dynamics
- 6.3.6.2. Italy Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.6.3. Italy Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.3.6.4. Italy Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.6.5. Italy Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.6.6. Italy Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.3.7. UK
- 6.3.7.1. Key Country Dynamics
- 6.3.7.2. UK Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.7.3. UK Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.3.7.4. UK Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.7.5. UK Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.7.6. UK Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. Asia Pacific Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.4.2.1. Asia Pacific Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2.2. Asia Pacific Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.3. Asia Pacific Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.4.4. China
- 6.4.4.1. Key Country Dynamics
- 6.4.4.2. China Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.4.3. China Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.4.4.4. China Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.4.5. China Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.4.6. China Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.4.5. Japan
- 6.4.5.1. Key Country Dynamics
- 6.4.5.2. Japan Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.5.3. Japan Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.4.5.4. Japan Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.5.5. Japan Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.5.6. Japan Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.4.6. India
- 6.4.6.1. Key Country Dynamics
- 6.4.6.2. India Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.6.3. India Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.4.6.4. India Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.6.5. India Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.6.6. India Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.5. Central & South America
- 6.5.1. Central & South America Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Central & South America Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.5.2.1. Central & South America Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.2.2. Central & South America Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.3. Central & South America Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.5.4. Brazil
- 6.5.4.1. Key Country Dynamics
- 6.5.4.2. Brazil Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.4.3. Brazil Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.5.4.3.1. Brazil Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.4.3.2. Brazil Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.4.4. Brazil Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.5.5. Argentina
- 6.5.5.1. Key Country Dynamics
- 6.5.5.2. Argentina Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.5.3. Argentina Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.5.5.4. Argentina Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.5.5. Argentina Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.5.6. Argentina Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Middle East & Africa Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2. Middle East & Africa Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.6.2.1. Middle East & Africa Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.2.2. Middle East & Africa Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.3. Middle East & Africa Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.6.4. Saudi Arabia
- 6.6.4.1. Key Country Dynamics
- 6.6.4.2. Saudi Arabia Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.4.3. Saudi Arabia Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.6.4.3.1. Saudi Arabia Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.4.3.2. Saudi Arabia Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.4.4. Saudi Arabia Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
- 6.6.5. UAE
- 6.6.5.1. Key Country Dynamics
- 6.6.5.2. UAE Industrial Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.5.3. UAE Industrial Pumps Market Estimates and Forecasts By Product Type, 2018 - 2030 (USD Million)
- 6.6.5.3.1. UAE Centrifugal Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.5.3.2. UAE Positive Displacement Pumps Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6.5.4. UAE Industrial Pumps Market Estimates and Forecasts By Application, 2018 - 2030 (USD Million)
Chapter 7. Competitive Landscape
- 7.1. Recent Developments & Impact Analysis By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Positioning
- 7.4. Company Market Share Analysis, 2023
- 7.5. Company Heat Map Analysis
- 7.6. Strategy Mapping
- 7.7. Company Profiles
- 7.7.1. Grundfos Holding A/S
- 7.7.1.1. Participant's Overview
- 7.7.1.2. Financial Performance
- 7.7.1.3. Technique Benchmarking
- 7.7.1.4. Recent Developments
- 7.7.2. Xylem
- 7.7.2.1. Participant's Overview
- 7.7.2.2. Financial Performance
- 7.7.2.3. Technique Benchmarking
- 7.7.2.4. Recent Developments
- 7.7.3. Ingersoll-Rand
- 7.7.3.1. Participant's Overview
- 7.7.3.2. Financial Performance
- 7.7.3.3. Technique Benchmarking
- 7.7.3.4. Recent Developments
- 7.7.4. Flowserve Corporation
- 7.7.4.1. Participant's Overview
- 7.7.4.2. Financial Performance
- 7.7.4.3. Technique Benchmarking
- 7.7.4.4. Recent Developments
- 7.7.5. SPX Flow
- 7.7.5.1. Participant's Overview
- 7.7.5.2. Financial Performance
- 7.7.5.3. Technique Benchmarking
- 7.7.5.4. Recent Developments
- 7.7.6. KSB SE & Co. KGaA
- 7.7.6.1. Participant's Overview
- 7.7.6.2. Financial Performance
- 7.7.6.3. Technique Benchmarking
- 7.7.6.4. Recent Developments
- 7.7.7. Sulzer Ltd.
- 7.7.7.1. Participant's Overview
- 7.7.7.2. Financial Performance
- 7.7.7.3. Technique Benchmarking
- 7.7.7.4. Recent Developments
- 7.7.8. Pentair
- 7.7.8.1. Participant's Overview
- 7.7.8.2. Financial Performance
- 7.7.8.3. Technique Benchmarking
- 7.7.8.4. Recent Developments
- 7.7.9. IWAKI CO., LTD.
- 7.7.9.1. Participant's Overview
- 7.7.9.2. Financial Performance
- 7.7.9.3. Technique Benchmarking
- 7.7.9.4. Recent Developments
- 7.7.10. ITT, Inc.
- 7.7.10.1. Participant's Overview
- 7.7.10.2. Financial Performance
- 7.7.10.3. Technique Benchmarking
- 7.7.10.4. Recent Developments
- 7.7.11. Schlumberger Limited
- 7.7.11.1. Participant's Overview
- 7.7.11.2. Financial Performance
- 7.7.11.3. Technique Benchmarking
- 7.7.11.4. Recent Developments
- 7.7.12. EBARA International Corporation
- 7.7.12.1. Participant's Overview
- 7.7.12.2. Financial Performance
- 7.7.12.3. Technique Benchmarking
- 7.7.12.4. Recent Developments
- 7.7.13. Weir Group PLC
- 7.7.13.1. Participant's Overview
- 7.7.13.2. Financial Performance
- 7.7.13.3. Technique Benchmarking
- 7.7.13.4. Recent Developments
- 7.7.14. Vaughan Company, Inc.
- 7.7.14.1. Participant's Overview
- 7.7.14.2. Financial Performance
- 7.7.14.3. Technique Benchmarking
- 7.7.14.4. Recent Developments
- 7.7.15. Hermetic-Pumpen GmbH
- 7.7.15.1. Participant's Overview
- 7.7.15.2. Financial Performance
- 7.7.15.3. Technique Benchmarking
- 7.7.15.4. Recent Developments