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Pumps Market - By Type (Portable, Stationary), Position (Submersible, Non-submersible), Driving Force (Engine-Driven, Electrical-Driven), Technology (Dynamic Pumps, Positive Displacement), End-User & Forecast, 2023-2032

  • Report ID: GMI3212
  • Published Date: Aug 2023
  • Report Format: PDF

Pumps Market Size

Pumps Market size is predicted to witness more than 4.5% CAGR between 2023 and 2032, backed by the wider adoption of pumps in various industries for enabling the efficient transfer of fluids.

Pumps Market

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The market has been experiencing steady growth due to the rising demand from industries such as oil and gas, water and wastewater treatment, chemical processing, and power generation. With increasing focus on opting for cleaner fuels for reducing GHG emissions and negative environment impact, there is a high demand for natural gas across the globe. Nations are signing deals for natural gas import, such as Hungary reaching out to Turkey for the commodity. Booming oil & gas sector, along with technological advancements, and the need for energy-efficient & reliable pumping systems are driving the market expansion.

Pumps Market Drivers & Restraints

The rising need for water and wastewater treatment, impelled by population growth and industrialization, has stimulated the demand for pumps. The expansion of the oil & gas industry, especially in developing regions, has created significant opportunities for pump manufacturers. However, Factors such as high initial investment costs, strict environmental regulations, and the availability of alternative pumping technologies pose as restraints to market growth. The market is highly competitive, with several players vying for stronger position, leading to pricing pressures and intense rivalry.

Pumps Market Trends

In recent years, the pumps industry has witnessed notable trends, including the increasing adoption of smart and IoT-enabled pumps. The technology integration in pumps allow remote monitoring, predictive maintenance, and energy optimization capabilities. Also, the growing demand for pumps with enhanced durability and reliability, as industries seek long-term solutions to reduce downtime and maintenance costs is boosting the market share.

COVID-19 Impact

The COVID-19 pandemic has had a mixed impact on the pumps market. While certain industries experienced a temporary decline in demand due to lockdowns and supply chain disruptions, others, such as pharmaceuticals, healthcare, and water & wastewater treatment, fared well. This led to increased demand for pumps for efficient fluid supply. The pandemic also highlighted the importance of reliable and efficient pumping systems for critical applications, encouraging the manufacturers to invest in R&Ds and introducing products with improved capabilities. This will result in better market penetration in the coming years.

Pumps Driving Market Analysis

The pumps market share from the engine-driven segment is projected to register 2.6% growth rate through 2032. These pumps, powered by internal combustion engines, find extensive applications in sectors such as agriculture, construction, and firefighting. The demand for engine-driven pumps is primarily led by their versatility, mobility, and ability to operate in remote locations without a reliable power source. Moreover, the growing need for emergency pumping during natural disasters and in rural areas has further propelled the adoption of engine-driven pumps.

The pumps market size from the water & wastewater application segment is expected to observe 3.4% CAGR from 2023 to 2032. The increasing concern pertaining to water scarcity, along with focus on water quality, and environmental regulations have necessitated integration of advanced pumping solutions for water supply, treatment, and distribution. Pumps are extensively used in desalination plants, sewage treatment facilities, and municipal water supply systems. The growing population, urbanization, and industrialization further contribute to the demand for pumps in the water and wastewater sector.

Asia Pacific region is touted to hold nearly 50% share of the pumps market by 2032, due to rapid industrialization, fast urban migration, and infrastructure development in countries such as China, India, and Southeast Asian nations. The region's manufacturing sector, propelled by the growth of the automotive, chemical, and construction industries, has further fueled the demand for pumps. Additionally, rising government initiatives for clean water supply and wastewater treatment have augmented the market growth in APAC.

Pumps Market Share

Some of the leading players in the global pumps market are;

  • Grundfos
  • Sulzer Ltd
  • Xylem
  • Schlumberger
  • Yuken
  • Roper Pump Company
  • Magnum Pumps
  • Generac
  • Gorman-Rupp Company
  • Wacker Neuson
  • Atlas Copco
  • Hayes Pump
  • Multiquip
  • Flowserve Corporation
  • Ebara Corp.,
  • Kirloskar Brother Limited.

Pumps Industry News

  • In December 2022, the new in-line pump model 3E/3ES was introduced by EBARA Pumps Europe S.p.A. in Gambellara, Italy, for markets worldwide excluding Japan. To further seek efficiency and innovation, the EBARA Group will concentrate on product development.
  • In March 2023, Gorman Rupp Europe announced the launch of its new rental pump platform. The platform, which the business introduced in February in the Netherlands, intends to provide "faster, easier, and more reliable" pump renting. The platform has a 10-step pump picker tool that can suggest the best pump for a certain project.

This market research report on pumps includes in-depth coverage of the industry with estimates & forecast in terms of volume in units and revenue in USD million from 2023 to 2032 for the following segments:

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Market, By Type

  • Portable
  • Stationary

Market, By Position

  • Submersible
  • Non-submersible

Market, By Driving Force

  • Engine-Driven
  • Electric-Driven

Market, By Technology

  • Dynamic Pumps 
    • Centrifugal
    • Others
  • Positive Displacement Pump
    • Rotary
  • Gear
  • Vane
  • Screw
  • Others
  • Reciprocating  
    • Diaphragm
    • Piston/Plunger

Market, By End User

  • Mining
  • Building & construction
  • Oil & Gas
  • General industries
  • Water & wastewater treatment
  • Chemicals
  • Power generation
  • Others

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

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Switzerland
    • Russia
  • Asia Pacific
    • China
    • India
    • Australia
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Mexico
    • Brazil
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • South Africa
Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of pumps is predicted to witness more than 4.5% CAGR from 2023 to 2032, backed by the wider adoption of pumps in various industries for enabling the efficient transfer of fluids.

The water & wastewater application is expected to observe about 3.4% CAGR through 2032, owing to the increasing concern pertaining to water scarcity, along with focus on water quality, and environmental regulations.

Asia Pacific region is touted to hold around 50% share of the global pumps market by 2032, due to rapid industrialization, fast urban migration, and infrastructure development in countries such as China, India, and Southeast Asian nations.

Grundfos, Sulzer Ltd., Xylem Inc., Schlumberger, Yuken, Roper Pump Company, Magnum Pumps, Generac, Gorman-Rupp Company, Wacker Neuson, Atlas Copco, Hayes Pump, Inc., Multiquip, Flowserve Corporation, Ebara Corp., and Kirloskar Brother Limited.

Pumps Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 20
  • Tables & Figures: 412
  • Countries covered: 21
  • Pages: 345
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