Pumps Market Size By Type (Portable, Stationary), By Position (Submersible, Non-submersible), By Driving Force (Engine-Driven, Electrical-Driven), By Technology (Centrifugal Pumps, Diaphragm Pumps), By Application (Mining, Building & Construction, Oil & Gas, Industrial, Municipal), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2020 – 2026

Published Date: Dec 2020  |  Report ID: GMI3212  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 300   |   Base Year: 2019

Summary Table of Contents Industry Coverage Methodology

Industry Trends

Pumps Market size exceeded USD 76.5 billion in 2019 and will grow at a CAGR of over 2.9% from 2020 to 2026. Rising government standards, increased expenditure in building & construction activities, rapidly exceeding population, and rising government focus toward magnifying agricultural production is likely to fuel the industry growth. Water infrastructure will stimulate growth as water supply and sanitation systems increases. This has led to the growing utilization of submersible & non-submersible pumps across different end-user industries such as the oil & gas, chemical, mining, wastewater treatment plants, and general industries.

A rise in the number of wastewater treatment plants is primarily due to the rising demand for industrial water, domestic water, flood control, and desalination purposes. Increasing population and decreasing groundwater level have increased the awareness of water reuse in countries including Africa, Brazil, the UAE, and Saudi Arabia in recent years, in turn increasing the deployment of pumps.

Pumps Market

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Technological advancements in the manufacturing of pumps, which require the combination of 3D printing technology and computer design & modeling have resulted in the leading-edge development in pump repair, maintenance, and part replacement. A significant development in the construction industry in several Asia Pacific countries along with industrial developments in Saudi Arabia and Egypt will play major roles in the pumps market demand.

The U.S. Energy Policy and Conservation Act sets forth the energy efficiency requirements for pump equipment. Therefore, the U.S. Department of Energy (DOE) has determined that new energy conservation standards for pumps would result in a substantial energy conservation and are technologically feasible & economically justified. Innovations in the engineering of pumps have been steadily evolving in a significant way.

Growth of the pump industry is closely tied with economic growth and the development of end-user industries. The COVID-19 pandemic has deteriorated the economic conditions of various nations as various end-users are struggling from demand erosion. The COVID-19 pandemic has severely affected the supply chains of various industries, affecting the flow of raw materials and finished products. The value chain of the pump manufacturing industry is very intricate and complex due to the presence of various intermediaries. Such supply chain systems are fragile and vulnerable to various external factors. Moreover, weak market demand has forced manufacturers to reduce product prices and decrease inventory.

Pumps Market Report Coverage
Report Coverage Details
Base Year:2019Historical Data for:2016 to 2019
Market Size in 2019:USD 76.56 BillionForecast Period:2020 to 2026
Forecast Period 2020 to 2026 CAGR:2.9%No. of Pages:300
2026 Value Projection:USD 77.10 Billion Tables, Charts & Figures:370
Geographies covered (20):U.S., Canada, Germany, UK, France, Italy, Russia, China, India, Japan, Australia, Indonesia, Malaysia, South Korea, Thailand, Brazil, Mexico, Saudi Arabia, UAE, South Africa
Segments covered:Type, Position, Driving Force, Technology, Application, Region
Growth Drivers:
  • Global drivers
    • Growth in global oil and gas industry
  • Regional drivers
    • Increasing oil and gas exploration activities in North America
    • Growth in oil & gas industry in Middle East
    • Rapid industrial growth in Asia Pacific
    • Pharmaceutical industry growth in North America and Europe
    • Growing mining activities in Asia pacific region
    • Emerging application of submersible pumps in wastewater treatment
Pitfalls & Challenges:
  • Maintenance and operational costs involved with pump application
  • Failure of submersible motor

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Rising adoption of stationary pumps in manufacturing plants

The stationary pumps market value surpassed USD 62.9 billion in 2019 and is likely to achieve decent growth rate of 2.8% through 2026. Stationary pumps are generally used in oil & gas, mining, and concrete operations. The oil & gas sector is a major application as the pumps provide ease in many upstream and midstream operations. The employment of submersible pumps in the building & construction sector helps in reducing construction delays. Dewatering is an integral aspect of every infrastructure project. Pumps are employed for removing standing water or planning for rainfall, lowering the water table before excavation.

Non-submersible pumps segment to hold a majority market share

The non-submersible pumps market revenue valued at USD 47.9 billion in 2019 and will foresee a growth of 1.7% during 2020 to 2026. Non-submersible pumps are intended for boosting water pressure from various water sources including private and municipal water systems. They are generally employed in poultry houses, lawn & crop irrigation, evaporative cooling systems/misters, general-purpose pumping, reverse osmosis, filtration, etc. Non-submersible pumps can be engine-driven, tow-mounted, or skid-mounted along with a motor, therefore will generally be more powerful and can pump more water.

Centrifugal pumps segment will influence industry growth

Centrifugal pumps to hold around 70% share in 2026. These pumps convert rotational kinetic energy into hydrodynamic energy to transport fluid flow. Rotational energy is generally sourced from an electric or engine motor. Its application areas include wastewater in industrial, chemical & food processing, sewage, heating, ventilation & air conditioning, draining mines, pits, construction sites, mineral processing, industrial slurries, etc.

Industrial application will accommodate a substantial pumps market share

Pumps Market Size

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Pump consumption in industrial applications of top economies constitutes nearly 40% of the global market. The industrial sector will foresee substantial industry gains of more than 3.2% CAGR till 2026. Industrial pumps are generally heavy-duty pumps used to move products such as water, chemicals, petroleum, wastewater, sludge, oil, etc.

Europe is anticipated to be among the leading regional markets

Europe Pumps Market Share

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The Europe pumps market will is predicted to capture USD 14.9 billion revenue in 2026. However, the region will witness a relatively sluggish growth over the forecast period due to the market maturity of end-user companies. Europe also has the presence of several high-quality pump manufacturers such as Atlas Copco, Grundfos, and Sulzer, catering to the regional demand. End-users in this region also import pumps from competitive manufacturers in the U.S., Japan, and China at comparatively lower costs. The established automobile and construction sectors in the region will contribute to the demand for pumps. Diversification in thermal and nuclear power plants will also propel the regional market demand.

Mergers & acquisitions, joint ventures, and geographical expansion are key strategies adopted by market players

The competitive landscape of pumps industry is highly fragmented due to the presence of a large number of manufacturers, distributors, and suppliers. Among these, Grundfos is one of the largest manufacturers in the market. The Denmark-based company has been able to acquire the leading market position through a number of strategic acquisitions to increase its industry presence in different geographical locations. It also has a diverse product portfolio, which has increased its customer base in different end-user industries.

In December 2019, Xylem, Inc. signed a Memorandum of Understanding (MoU) with the Saudi Arabian General Investment Authority to develop and localize advanced water equipment in the region. Other notable players operating in the pumps market include Gorman Rupp Company, Gardner Denver, Thompson Pump and Manufacturing Company, Flowserve Corporation, Baker Hughes, Schlumberger, Roper Pump Company, Ebara Corporation, Atlas Copco, Sulzer, Doosan, MultiQuip, Magnum Pumps, Generac Holdings, Wacker Neuson, Kirloskar Brothers, KSB SE & Co. KGaA, and Cornell Pump Company.

This market research report on pumps includes in-depth coverage of the industry, with estimates & forecast in terms of volume in thousand units and revenue in USD million from 2016 to 2026, for the following segments:

Market, by Type

  • Portable
  • Stationary

Market, by Position

  • Submersible pumps
  • Non-submersible

Market, by Driving Force

  • Engine driven pumps
  • Electrical driven pumps

Market, by Technology

  • Centrifugal pumps
  • Diaphragm pumps
  • Others

Market, by Application

  • Mining
  • Building & Construction
  • Oil & Gas
  • Industrial
  • Municipal
  • Others

The above information is provided on a regional and country basis for the following:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Thailand
    • Indonesia
    • Malaysia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

Frequently Asked Questions (FAQ) :

The pumps industry share was valued at over USD 76.5 billion in 2019 and is poised to expand at 2.9% CAGR through 2026.
Stationary pumps market registered a revenue of USD 62.9 billion in 2019 and will grow at a 2.8% rate through 2026, driven by the ease provided in upstream and midstream operations in the oil & gas sector.
The non-submersible pumps market share was at USD 47.9 billion in 2019 and is set to grow at a 1.7% CAGR through 2026 due to various benefits like being engine-driven, tow-mounted, and more powerful.
Industrial application captured a substantial pump market share of 40% and the segment is anticipated to record a CAGR of 3.2% over 2020-2026.
Europe pumps industry revenue is likely to reach USD 14.9 billion by 2026 owing to the strong presence of automobile sector as well as some of the leading pump manufacturers.

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Premium Report Details

  • Published Date: Dec 2020
  • Pages: 300
  • Tables: 340
  • Charts / Figures: 30
  • Companies covered: 20
  • Countries covered: 20

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