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Pumps Market Size By Type (Portable, Stationary), By Position (Submersible, Non-submersible), By Driving Force (Engine-Driven, Electrical-Driven), By Technology (Dynamic Pumps [Centrifugal], Positive Displacement [Rotary {Gear, Vane, Screw}, Reciprocating {Diaphragm Piston/Plunger}]), By End-User (Mining, Building & Construction, Oil & Gas, General Industries, Water & Wastewater, Chemicals, Power Generation), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027

  • Report ID: GMI3212
  • Published Date: Jul 2021
  • Report Format: PDF

Industry Trends

Pumps Market size surpassed USD 66.68 billion in 2020 and is projected to grow at around 3.4% CAGR from 2021 to 2027. Rapidly growing demand from the oil & gas sector and general industries will augment industry growth.

The global pumps industry will grow at a modest rate driven by rising government expenditure toward modern water infrastructure. The growing utilization of different types of pumps across different sectors such as chemical, oil & gas, water & wastewater treatment plants, and general industries including power generation, food & beverage, mining, pulp & paper, etc., will boost the market growth.

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Furthermore, the rising demand for clean water for residential as well as industrial use will augment water & wastewater treatment plants thus, driving pumps demand. The product demand will increase significantly as countries are building state-of-the-art flood control systems in flood prone areas. The growing awareness regarding the use of water along with the depleting level of ground water will foster water conservation efforts.

Developing countries are witnessing flourishing infrastructural development and installation of new industrial plants. Growing industrial development in developing regions will fuel the product demand. Market growth will be supported by ongoing technological advancement in the production of pumps such as 3D printing, IoT, and automation. The global construction industry has witnessed monumental growth over the years in Asia Pacific. However, the aging infrastructure in Europe and North America will spur the government spending on infrastructure development and play major role in pumps market growth.

Increasing population coupled with advanced living standards has significantly given rise to global traffic, leading to construction of a number of buildings and flyovers. The growing use in industrial application, such as chemical and pharmaceutical, is another important factor, spurring the demand. Rapid industrialization in emerging economies has boosted the growth indicators across mining, oil & gas industry, and water infrastructure that are the leading factors for the global market.

The ongoing Covid-19 pandemic has affected various aspects of the value chain across the world. Governments, across the world, imposed lockdowns and restrictions to counter the spread of coronavirus. This has greatly impacted global value chains and distribution & logistics capabilities. Many end-user industries lost a significant percentage of revenue due to decline in demand. However, the introduction of vaccines will largely help to contain and control global pandemic.

Stationary pumps will lead the market

Stationary pumps market is poised to hold around 80% demand share in 2027. Growing industrial activities especially in Asia Pacific will drive the segment growth. Additionally, pumps have indispensable role in varied applications such as sewage pumping station, municipal & industrial wastewater treatment plant, building wastewater treatment system, hospital, school, community, etc.

Rising dewatering applications will augment submersible pumps demand


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The submersible pumps segment is likely to reach over USD 30.7 billion by 2027 Owing to significant usage of single stage centrifugal pumps for irrigation, drainage, general industrial pumping, sewage pumping, and slurry pumping. These electrically powered pumps are referred to as Electrical Submersible Pumps (ESP). The submersible uses direct pressure through the pipe or hose to get the fluid out.

Rising end-user industries to propel engine-driven pumps market


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Engine driven pumps segment is estimated to observe above 2.6% CAGR in terms of volume through 2027. Engine driven pumps can take control from a portable running engine, which is driven by diesel or petrol as a fuel. These are commonly used in construction sites and remote areas, where their portable nature is preferred. Engine driven pumps have a wide range of varieties, adapted for specific power and pressure, which safely transfer fluids and chemicals. For instance, many lightweight pumps are designed to work with water, while others can pump slurries.

Dynamic pumps will dominate the industry


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Centrifugal pumps market revenue is set to cross over USD 54.78 billion by 2027. Centrifugal pumps are specifically designed to transport fluid through impellers by mechanical phenomenon. Rotating impellers are imposed shear stress to the fluids and also directed it towards outlet.

Water & wastewater application will showcase promising revenue growth


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Growing water scarcity and demand for potable water across the globe will foresee high acceptance of water & wastewater application, which is forecast to register more than 3.4% growth rate till 2027. Water & wastewater application includes cities, towns, and villages, where pump systems are required to remove contaminants and release them into water resources. Pumping systems are used to improve efficiency in water supply operations including municipal wastewater and sewage handling, clean water systems, and grey water recycling.

Rising industrial growth in the APAC region will enhance product demand


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The Asia Pacific pumps market revenue is predicted to exceed USD 43 billion by 2027. APAC is the dominating region in the global market with over 50% share in 2020. The prevalence of many cost-effective product manufacturers in China, India, and Southeast Asian countries will also drive the regional market demand, as they can provide sustainable customized support to the end-users. The presence of several small, medium, and large-scale chemical and pharmaceutical companies in China and India will further signify the market growth.

New product development has become crucial

The market has many established companies with a global presence. Companies are engaged in product improvisation to keep their market presence. For instance, KBL launched a new energy-efficient SP coupled pump-set fitted with IE4 motor in October 2020.

The key pumps market players are Grundfos, Ebara Corp., Sulzer Ltd., Xylem Inc., Flowserve Corporation, Gorman-Rupp Company, Schlumberger, Roper Pump Company, Atlas Copco, Multiquip, Magnum Pumps, Generac, Wacker Neuson, Kirloskar Brother Limited, Hayes Pump, Inc., Yuken, etc.

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 2017 to 2027 for the following segments:

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: Kiran Pulidindi, Hiralkumar Patel

Frequently Asked Questions (FAQ) :

Pumps market size hit USD 66.68 billion in 2020 and could increase at a CAGR of 3.4% through 2027, says this GMI report.
Stationary pumps segment is predicted to capture more than 80% share by 2027.
Submersible pumps industry size could reach USD 30.7 billion by 2027 led by wide use of these pumps for irrigation, sewage pumping, drainage, and other applications.
The market for centrifugal pumps could surpass USD 54.78 billion by 2027.
Engine driven pumps market share could grow at a CAGR of 2.6% over 2021-2027 as they are available in different varieties to meet specific power and pressure requirements.
The demand for pumps in water & wastewater applications could increase at a 3.4% CAGR up to 2027 due to increasing water scarcity.
The market for pumps in Asia Pacific could surpass USD 43 billion by 2027.

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Premium Report Details

  • Base Year: 2020
  • Companies covered: 20
  • Tables & Figures: 412
  • Countries covered: 21
  • Pages: 345
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