Pump Market Size & Share 2026-2035

Pump Market Size

The global pump market was estimated at USD 57.6 billion in 2025. The market is expected to grow from USD 59.9 billion in 2026 to USD 92.5 billion in 2035, at a CAGR of 4.9% according to latest report published by Global Market Insights Inc.

The demand for pumps is increasing due to the rising use of pumps within the industry involved in water and wastewater treatment. Given that there is an ongoing concern for the scarcity of water and water sustainability, there is heavy investment in water treatment technology by both government and private organizations. As a result, there has been increased demand for pumps to be used in functions such as water distribution, sewage, and desalination processes.

In addition, there is a rapid rate of industrialization and urbanization in developing countries, driving further demand for pumps in several sectors. Some of these sectors include the oil and gas, chemical, and power generation industries, which depend on the function of pumps in transferring fluids, cooling, and heating.

Globally, governments are allocating huge amounts of money in the form of grants and subsidies to spur domestic semiconductor production in order to lessen their dependency on imports.

Specifically, the United States Government, under the CHIPS and Science Act of 2022, committed a total of USD 52 billion towards the domestic production of semiconductors by way of grants and subsidies for building fabrication facilities which are currently being built in Arizona, Texas, and New York. Most of these facilities will produce semiconductors, which will require large amounts of dry vacuum pumps to maintain the clean-room atmosphere needed for chip manufacturing.

The Asia-Pacific region is a hub for semiconductor manufacturing and countries like Taiwan, South Korea, Japan, and China are raising manufacturing capacity for semiconductors to meet demand for semiconductors used in automobiles, smartphones, AI applications, and 5G infrastructure.

Companies in the region like Taiwan’s TSMC, SK Hynix and Samsung from South Korea, and SMIC from China are also investing tens of billions of dollars in new fabs.

Similarly, India recently announced a $10 billion semiconductor incentive plan to get global players to attract semiconductor fabrication units in India, which is a further driver for demand in vacuum pumps in the region. Europe has also entered the race with the EU Chips Act which has earmarked €43 billion in investment to establish Europe as a global producer of chips.

As a result, the market is poised for steady growth during the forecast period, supported by industrial demand, technological advancements, regulatory support, and the global shift toward sustainable practices.

Pump Market Trends

• There have been major developments in the market because of advancements in technology, increased industrialization, and the growing demand in end-user industries. One of the emerging trends in the pump market includes the increasing adoption of energy-efficient pumps because there is a global effort to cut back on energy consumption and carbon emissions. Another trend influencing this market is the enactment of regulations and policies to promote the usage of eco-friendly equipment that consumes less energy.
• Furthermore, the development of smart technology in pumps is another trend transforming the market. Modern-day pumps have smart sensors that provide insightful data about their performance. In addition to flow rate and vibration, these sensors can detect other variables like lubricants, temperature, and many others. As a result of the advances in electronics, modern-day pumps are equipped with sensors that can transmit telemetry data from smart pumps to dashboards.
• Artificial intelligence will enable the incorporation of advanced technologies such as IoT and machine learning into pumps to enhance their efficiency. The increase in efficiency will be achieved by connecting smart pumps to AI-powered energy management systems and smart grids in plants to enable load shifting and peak shaving. Artificial intelligence algorithms will enable the analysis of production information to minimize energy costs.
• In the global supply chain, one of the emerging trends includes the creation of regional manufacturing hubs for supply chain resilience. Another manufacturing technique used in the production of modern-day products is additive manufacturing.   

Pump Market Analysis

Based on the pump type, the pump market is divided into centrifugal pumps, positive displacement pumps, and specialty pumps. In 2025, centrifugal pumps dominated the market generating revenue of USD 40.5 billion and expected to grow at a CAGR of 5.2% during the forecast period.

• The centrifugal pumps market is anticipated to experience substantial growth during the forecast period owing to its wide use in various industries such as water/wastewater treatment, oil & gas, and chemical process industry.
• Growth in the number of water management systems and development of industrial infrastructure are some of the main driving forces for this market segment. Moreover, technological advancement in the form of energy-efficient pumps also fuels this market segment. Growing industrialization in developing nations also drives growth in this market segment.
• The positive displacement pumps market segment is expected to experience stable growth, owing to its increasing adoption in applications that require pumping of high viscosity fluids and precise control of flow rates. The industries of pharmaceuticals, beverages, and oil & gas industry drive the market for these pumps.
• Increasing preference for the usage of hygienic and contamination-free fluid handling systems has helped in the growth of the positive displacement pumps market segment. In addition to this, an increased interest in renewable energy and biofuel production also drives this market segment.  

Based on power source, the pump market is segmented into electric motor driven pumps, engine driven pumps, pneumatic & hydraulic driven pumps, and others. In 2025, electric motor driven pumps segment dominates the market with 75.2% market share, and the segment is expected to grow at a CAGR of 5.3% from 2026 to 2035.

• The electric motor-driven pumps segment is expected to witness significant growth during the forecast period, driven by increasing industrialization and urbanization. These pumps are widely used in industries such as water and wastewater, oil and gas, and chemicals due to their energy efficiency and reliability.
• Solar-powered pumps are gaining traction in agriculture and water management applications, particularly in regions with limited access to electricity. Government subsidies and incentives for adopting solar energy solutions further support this segment's growth.
• The pneumatic and hydraulic-driven pumps segment is anticipated to grow due to their application in industries requiring high-pressure operations, such as oil and gas, mining, and manufacturing. These pumps are valued for their durability, precision, and ability to operate in hazardous environments.

Based on end use industry, the pump market is segmented into data centers, semiconductor manufacturing, HVAC, medical & healthcare, food & beverages, oil & gas, water & wastewater treatment, and others. In 2025, the water & wastewater treatment segment dominates the market and is expected to grow at a CAGR of 5.7% from 2026 to 2035.

• Growth in the data center market is anticipated owing to the growing requirement for high-performance cooling and reliable operation. Growing use of cloud computing and growing use of hyperscale data centers have generated a need for advanced pumps.
• The semiconductor manufacturing market is anticipated to grow on account of the increased demand for semiconductors in many industries such as the electronics industry, automotive industry, and telecommunications industry. The function of pumps in semiconductor manufacturing is indispensable.
• The segment of water and wastewater treatment is expected to exhibit strong growth, fueled by the increasing requirement for wastewater and water treatment. Urbanization, industrialization, and population growth are some of the major drivers behind the increasing need for pumps.   

North America Pump Market

In terms of country, the United States led the pump market with 77% of the North American market share and estimated USD 9.7 billion in revenue during 2025.

• Growth is expected within the different segments in the United States market, including the Midwest region, which benefits from strong manufacturing capacity, especially in the automotive, chemical, and food-processing industries.
• Furthermore, the South United States will see growth, owing to the growing demand in the oil and gas industry, as well as the increased investment in the development of infrastructure for the efficient use and management of water resources.
• The Gulf Coast continues to be a crucial point in the petrochemical industry, providing additional impetus for the development of the market. In addition, the Western region of the country, including California, is gaining momentum due to the development of the renewable energy market and the energy efficiency market.
• Agricultural activities, in turn, generate a demand for irrigation pumps. The Northeast region, where urbanization is currently taking place, also provides impetus for the development of the market, owing to the improvement of aging infrastructure.  

Europe Pump Market

The Europe market was valued at USD 13.6 billion in 2025 and is projected to grow at a CAGR of 4.6% between 2026 and 2035.

• There is a remarkable growth witnessed within the European pumps industry, thanks to developments in industrial uses and increased demand from the different end-users.
• The western part of Europe continues to be the major contributing factor due to the advanced level of industrialization and use of technologies that increase efficiency. Germany is among the leading countries in the pumps industry owing to its advanced level of manufacturing and engineering.
• The southern part of Europe including Italy and Spain is also witnessing constant growth in its pump industry as a result of development in the building and water treatment industries.
• On the other hand, Eastern Europe has emerged as an increasingly profitable market for pumps owing to rapid industrialization and modernization.  

Asia Pacific Pump Market

The Asia Pacific market was valued at USD 23.7 billion in 2025 and is projected to grow at a CAGR of 5.5% between 2026 and 2035.

• Asia Pacific market is undergoing growth owing to several factors, the major one being the growth rate of industrialization, urbanization, and infrastructural development of some major countries such as China, India, and Japan.
• China is leading the market owing to the strong manufacturing industry and investments in water/wastewater treatment plants. India's contributions to the market growth include government campaigns like "Make in India" and investments in irrigation and water supply projects.
• Apart from the above countries, the Southeastern Asia nations such as Indonesia, Vietnam, and Thailand are contributing to the market growth through increased construction activities.  

Middle East and Africa Pump Market

The Middle East and Africa market was valued at USD 3.7 billion in 2025 and is projected to grow at a CAGR of 4% between 2026 and 2035.

• Middle East and Africa (MEA) market is growing at a fast rate owing to various developments within the region. In particular, the GCC countries, which include Saudi Arabia, UAE, and Qatar are dominating the market with ongoing investments in infrastructure projects, oil/gas, and water treatment plants.
• Diversification of economies of the GCC countries has resulted in increased demand for pumps in industries related to manufacturing, energy, and construction. Also, the increased demand for effective water management within the GCC region has contributed to the market.
• Other countries that have contributed to the growth of the MEA market include South Africa, Nigeria, and Egypt. Particularly, South Africa's mining and manufacturing industry contributes significantly to the demand for pumps. On the other hand, investments in agricultural areas in Nigeria and Egypt boost market growth.  

Pump Market Share

• The top 5 companies in the market are Grundfos, Xylem, Flowserve, Ebara, and Alfa Laval collectively hold a share of 30.7% in the market.
• These companies continue to acquire and merge with others, expand facilities, and make various collaborations to increase their product offerings, access customer bases, and secure their market positions.
• Grundfos market share expansion is based on its strong innovation and sustainability. It constantly invests in R&D that aims at creating more energy-efficient and environmentally friendly products. The company has an extensive product line of pumps which allows targeting different markets including the water supply segment, wastewater management market, and the industrial sector.
• Xylem market share expansion is linked to the fact that it focuses on finding solutions to overcome water-related problems all over the world using advanced technologies. It uses modern technologies to provide its customers with the most effective water and wastewater management solutions.
• Flowserve market share expansion is taking place owing to the fact that it provides highly efficient pumps and flow control solutions. The company has been working successfully for many years; therefore, it possesses significant experience and competence that allows effectively to meet the demands of its clients. In addition, it invests in digital transformation providing its clients with predictive maintenance and remote monitoring solutions.
• Ebara market share expansion is mainly based on its focus on innovations and product diversification. The company provides different pumps suitable for various purposes: industrial usage, municipal, and even household applications. The commitment to producing quality energy-efficient products corresponds to global environmental requirements.
• Alfa Laval market share expansion is caused by the fact that the company provides innovative energy-efficient pumps. Its products can be used in the food and beverages industry, pharmaceutical sector, and marine industry.    

Pump Market Companies

Major players operating in the pump industry are:

• Global Key Players
  • Alfa Laval
  • Ebara 
  • Flowserve 
  • Grundfos
  • IDEX 
  • Ingersoll Rand
  • KSB Group
• Regional Players
  • Kirloskar Brothers
  • Pentair 
  • Sulzer 
  • Torishima Pump 
  • Weir 
  • Wilo 
  • Xylem 
• Emerging/Niche Specialists
  • Caprari 
  • Leo Group
  • Patterson Pump
  • Ruhrpumpen 
  • Sundyne
  • Tapflo
  • Verder

To improve the product and market share key players are constantly investing in technological activities and are also entering into partnerships to provide improved and better solutions for the customers. These investments are benefiting both companies and customers as they help develop and offer solutions as per the changing technological trends and thus the customer requirements.

Ingersoll Rand is an international company known for offering advanced solutions for a range of industries. The company manufactures pumps, compressors, and other fluid management systems used by different enterprises, from those involved in oil and gas extraction and water purification to manufacturers. By paying special attention to energy-efficient solutions and sustainability, Ingersoll Rand continues to make investments into innovations.

KSB Group is a German company famous for producing pumps, valves, and other equipment. The company focuses on serving industries such as water management, energy production, and industry-related activities. Founded more than 150 years ago, KSB is one of the most successful companies of its kind with operations in more than 100 countries around the world. All KSB products are known for their reliability and efficiency in energy consumption.

Kirloskar Brothers Limited is one of the leading companies in India specializing in fluid handling systems. KBL offers a wide variety of equipment, such as pumps and valves, used in different industrial sectors, such as agriculture, water supply, power plants, and oil and gas extraction and purification.

Sulzer is a global company based in Switzerland. It focuses on fluid engineering and produces pumps, agitators, and other products. Serving various industries, such as oil and gas sector, water and chemical industry, Sulzer pays particular attention to energy efficiency and innovation.

Pump Industry News

• In December 2025, Ebara launches new dry vacuum pump and plasma abatement system. The newly announced Model EV-H maintains the compact and energy-saving performance of its conventional models while achieving greater capability for high-flow-rate gas handling.
• In April 2025, Grundfos introduced the CUE 120, a variable frequency drive developed in India for the Indian market. This new product aims to offer more precise control of pump performance with a focus on energy efficiency.  With plans to increase KW capacity in the future, Grundfos continues to push the boundaries of efficiency, ensuring even greater flexibility and scalability for future needs.
• In April 2025, IDEX Corporation is revolutionizing the fluid transfer industry with the addition of Cognito 1-inch electrically operated double diaphragm (EODD) heavy-duty pump variant, boasting industry best energy saving, lower maintenance and swift return on investment. Designed to deliver unparalleled energy efficiency, reliability, and sustainability, Cognito is transforming industrial fluid pumping solution worldwide with its complete range of heavy-duty EODD pumps.
• In March 2025, Flowserve Corporation launched the INNOMAG TB-MAG Dual Drive Pump, the world’s first sealless pump to eliminate leaks, setting a new standard for safety and environmental protection. The INNOMAG TB-MAG Dual Drive now makes sealless pumps a safe alternative to CMPs and other sealless pumps with dual control systems because the liquid and drive sections of the pump are both sealed airtight, providing a true secondary layer of protection in the pump.

The pump market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue (USD Billion) and volume (Thousand Units) from 2022 to 2035, for the following segments:

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Market, by Pump Type

• Centrifugal pumps
  • Single-stage centrifugal pumps
  • Multi-stage centrifugal pumps
  • Split case pumps
  • Others (sealless centrifugal pumps etc.)
• Positive displacement pumps 
  • Rotary positive displacement pumps
    • Gear pumps
    • Screw pumps
    • Vane pumps
    • Lobe pumps
    • Others (progressive cavity pumps etc.)
  • Reciprocating positive displacement pumps 
    • Piston pumps
    • Plunger pumps
    • Others (diaphragm pumps etc.)
• Specialty pump 
  • Vacuum pumps
    • Dry vacuum pumps 
    • Liquid ring vacuum pumps 
    • Others (rotary vane vacuum pumps etc.)
  • Cryogenic pumps 
  • Peristaltic pumps
  • Regenerative turbine pumps
  • Others (jet pumps etc.)

Market, by Power Source

• Electric motor driven pumps
• Engine driven pumps
  • Diesel engine driven
  • Natural gas engine driven
• Pneumatic & hydraulic driven pumps
• Others (solar powered pumps etc.)

Market, by End Use Industry

• Data centers
• Semiconductor manufacturing
• HVAC (temperature control sector)
• Medical & healthcare
• Food & beverages
• Oil & gas 
• Water & wastewater treatment
• Others (power generation etc.)

Market, by Distribution Channel  

• Direct sales
• Indirect sales 

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Netherlands
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea  
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • South Africa
  • Saudi Arabia
  • UAE