Pumps Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

The Pumps Market Report is Segmented by Type (Centrifugal Pump and Positive Displacement Pump), End User (Oil and Gas, Water and Wastewater, Chemicals and Petrochemicals, Mining Industry, Power Generation, and Other End Users), and Geography (North America, Asia-Pacific, Europe, South America, and Middle East and Africa). The Analysis PDF Report Offers Market Share, Size, and Industry Forecast for Pumps in Revenue (USD) for all the Above-Mentioned Segments.

Pumps Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2025 - 2030)

Pumps Market Size

Pump Market Summary
Study Period 2019 - 2030
Market Size (2025) USD 70.77 Billion
Market Size (2030) USD 83.52 Billion
CAGR (2025 - 2030) 3.37 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Pump Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Pump Market with other markets in Energy & Power Industry

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Pump Market Analysis

The Pump Market size is estimated at USD 70.77 billion in 2025, and is expected to reach USD 83.52 billion by 2030, at a CAGR of 3.37% during the forecast period (2025-2030).

  • Over the long term, the increasing infrastructure development activities coupled with a rising emphasis on water and wastewater management are expected to drive the pump market. 
  • On the other hand, volatility in raw material prices, such as steel, iron, and various metals, is expected to hinder the market's growth during the forecast period. 
  • The industry overview indicates that the rapid urbanization and industrialization in emerging economies present a substantial growth opportunity for pumps for water supply and industrial processes. 
  • Asia-Pacific is expected to dominate the market share during the forecast period. This growth rate is attributed to increasing investments across end-use industries in countries including India, China, and Japan. 

Pump Industry Overview

The industry profile shows that the pump market is moderately fragmented. Some of the major players in this market (in no particular order) include Flowserve Corporation, Grundfos Holding AS, KSB SE & Co. KGaA, Sulzer Ltd, and Baker Hughes Company, among others.

Pump Market Leaders

  1. Flowserve Corporation

  2. Sulzer Ltd

  3. Baker Hughes Company

  4. Grundfos Holding AS

  5. KSB SE & Co. KGaA

  6. *Disclaimer: Major Players sorted in no particular order
Pump Market Concentration
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Pump Market News

  • December 2023: The Packo Pumps website merged with the Verder Liquids website. The collaboration aims to reinforce the relationship between Verder and Packo and provide customers with a broader range of pump technologies.
  • May 2023: The ClydeUnion Pumps brand signed an agreement with ONGC to offer pump maintenance and spares services across its network of crude oil and natural gas assets in India.
  • February 2023: Motion & Control Enterprises completed the acquisition of Precision Pump & Valve, an established distributor specializing in safety relief and control valves, pumps, and associated equipment. Precision Pump & Valve is renowned for providing tailored solutions to the oil and gas, petrochemical, and chemical processing markets.

Pumps Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Market Size and Demand Forecast in USD till 2029
  • 4.3 Recent Trends and Developments
  • 4.4 Government Policies and Regulations
  • 4.5 Market Dynamics
    • 4.5.1 Market Drivers
    • 4.5.1.1 Increasing Infrastructure Development
    • 4.5.1.2 Rising Emphasis Water and Wastewater Management
    • 4.5.2 Market Restraints
    • 4.5.2.1 Volatility in Raw Material Prices
  • 4.6 Supply Chain Analysis
  • 4.7 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.7.1 Bargaining Power of Suppliers
    • 4.7.2 Bargaining Power of Consumers
    • 4.7.3 Threat of New Entrants
    • 4.7.4 Threat of Substitute Products and Services
    • 4.7.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Centrifugal Pump
    • 5.1.2 Positive Displacement Pump
  • 5.2 By End User
    • 5.2.1 Oil and Gas
    • 5.2.2 Water and Wastewater
    • 5.2.3 Chemicals and Petrochemicals
    • 5.2.4 Mining Industry
    • 5.2.5 Power Generation
    • 5.2.6 Other End Users
  • 5.3 By Geography Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)}
    • 5.3.1 North America
    • 5.3.1.1 United States
    • 5.3.1.2 Canada
    • 5.3.1.3 Rest of North America
    • 5.3.2 Europe
    • 5.3.2.1 Germany
    • 5.3.2.2 France
    • 5.3.2.3 Spain
    • 5.3.2.4 United Kingdom
    • 5.3.2.5 Russia
    • 5.3.2.6 NORDIC
    • 5.3.2.7 Italy
    • 5.3.2.8 Turkey
    • 5.3.2.9 Rest of Europe
    • 5.3.3 Asia-Pacific
    • 5.3.3.1 China
    • 5.3.3.2 India
    • 5.3.3.3 Japan
    • 5.3.3.4 South Korea
    • 5.3.3.5 Australia
    • 5.3.3.6 Malaysia
    • 5.3.3.7 Thailand
    • 5.3.3.8 Indonesia
    • 5.3.3.9 Vietnam
    • 5.3.3.10 Rest of Asia-Pacific
    • 5.3.4 South America
    • 5.3.4.1 Brazil
    • 5.3.4.2 Argentina
    • 5.3.4.3 Colombia
    • 5.3.4.4 Rest of South America
    • 5.3.5 Middle East and Africa
    • 5.3.5.1 Saudi Arabia
    • 5.3.5.2 United Arab Emirates
    • 5.3.5.3 South Africa
    • 5.3.5.4 Nigeria
    • 5.3.5.5 Qatar
    • 5.3.5.6 Egypt
    • 5.3.5.7 Rest of the Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Flowserve Corporation
    • 6.3.2 Grundfos Holding AS
    • 6.3.3 KSB SE & Co. KGaA
    • 6.3.4 ITT Inc.
    • 6.3.5 Sulzer Ltd
    • 6.3.6 Ebara Corporation
    • 6.3.7 Weir Group PLC
    • 6.3.8 Schlumberger Ltd
    • 6.3.9 Baker Hughes Company
    • 6.3.10 Clyde Union Inc.
    • 6.3.11 Dover Corporation
  • *List Not Exhaustive
  • 6.4 Market Ranking/Share (%) Analysis

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Rapid Urbanization and Industrialization in Emerging Economies
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Pump Market Segmentation

A pump is a mechanical device used to move fluids (liquids or gases) from one location to another. It is designed to create a flow or pressure difference in the fluid, which allows it to be moved through a system or process. Electricity, gasoline or diesel engines, hydraulic systems, or other energy sources can all power pumps. There are many different types of pumps, including centrifugal pumps, positive displacement pumps, and jet pumps, each with their unique characteristics and applications. Pumps are used in a wide variety of industries, including water and wastewater treatment, oil and gas production, chemical processing, and many others. 

The pump market report is segmented by type, end user, and geography. By type, the market is segmented into centrifugal pumps and positive displacement pumps. By end user, the market is segmented into oil and gas, water and wastewater, chemicals and petrochemicals, the mining industry, power generation, and other end users. The industry report also covers the market share, , market outlook, and forecasts for the global pump market across major regions. 

For each segment, the market sizing, market forecast, and market value are provided based on revenue (USD). 

By Type Centrifugal Pump
Positive Displacement Pump
By End User Oil and Gas
Water and Wastewater
Chemicals and Petrochemicals
Mining Industry
Power Generation
Other End Users
By Geography Regional Market Analysis {Market Size and Demand Forecast till 2028 (for regions only)} North America United States
Canada
Rest of North America
Europe Germany
France
Spain
United Kingdom
Russia
NORDIC
Italy
Turkey
Rest of Europe
Asia-Pacific China
India
Japan
South Korea
Australia
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
South America Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa Saudi Arabia
United Arab Emirates
South Africa
Nigeria
Qatar
Egypt
Rest of the Middle East and Africa
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Pumps Market Research FAQs

How big is the Pump Market?

The Pump Market size is expected to reach USD 70.77 billion in 2025 and grow at a CAGR of 3.37% to reach USD 83.52 billion by 2030.

What is the current Pump Market size?

In 2025, the Pump Market size is expected to reach USD 70.77 billion.

Who are the key players in Pump Market?

Flowserve Corporation, Sulzer Ltd, Baker Hughes Company, Grundfos Holding AS and KSB SE & Co. KGaA are the major companies operating in the Pump Market.

Which is the fastest growing region in Pump Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Pump Market?

In 2025, the Asia Pacific accounts for the largest market share in Pump Market.

What years does this Pump Market cover, and what was the market size in 2024?

In 2024, the Pump Market size was estimated at USD 68.39 billion. The report covers the Pump Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Pump Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Pumps Industry Report

The global pumps market is experiencing robust growth, driven by diverse industrial demands and technological advancements in the pump industry. Centrifugal pumps lead the market, favored for their efficiency in applications requiring high flow rates, such as water systems and agricultural irrigation, and are crucial in power generation for maintaining essential water flow. Meanwhile, positive displacement pumps are increasingly preferred in industries like oil & gas and chemical processing for their ability to handle viscous fluids with precision. The agriculture sector, a significant end-user in the pump industry, benefits from pumps for efficient water distribution, supported by governmental investments in countries like India and China. The demand for pumps in the chemical industry is escalating due to the need for precise fluid movement. Regionally, the sales data indicates that the Asia-Pacific market dominates in revenue, driven by rapid industrialization, urbanization, and the expansion of key industries such as petrochemicals and agriculture, which demand advanced pumping solutions. This region's market leadership is also fueled by a shift towards sustainable, energy-efficient, and environmentally friendly pump solutions, aligning with global environmental standards. For detailed market insights, including market share, market size global, sales forecast, and growth projections in the pump industry, access statistics and forecasts from Mordor Intelligence™ Industry Reports, available as a free annual report industry PDF download. For a deeper understanding of the pump market trend and the overall market cap, stakeholders can refer to detailed market reports available in profile PDF format, offering comprehensive insights and analysis.

Pumps Market Report Snapshots