Pump Market Size & Share Analysis - Industry Research Report

Global Pumps Market Size and Share

Market Overview

Study Period	2020 - 2030
Market Size (2025)	USD 68.27 Billion
Market Size (2030)	USD 86.10 Billion
Growth Rate (2025 - 2030)	5.45% CAGR
Fastest Growing Market	Asia Pacific
Largest Market	Asia Pacific
Market Concentration	Medium
Major Players *Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Global Pumps Market (2025 - 2030) — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Global Pumps Market Analysis by Mordor Intelligence

The Global Pumps Market size is estimated at USD 68.27 billion in 2025, and is expected to reach USD 86.10 billion by 2030, at a CAGR of 5.45% during the forecast period (2025-2030).

Growth is supported by large-scale water infrastructure upgrades, steady industrial capital spending, and the universal push for energy-efficient equipment. Electrification remains the dominant power source, while solar-powered systems create a fast-growing niche in agriculture and off-grid settings. Technical specifications are shifting toward smart, sensor-rich pumps that lower energy consumption, enable predictive maintenance, and meet tightening environmental rules. Competitive intensity is rising as established suppliers broaden portfolios through acquisitions and low-cost Asian entrants compete on price and delivery speed. Supply-chain strategies increasingly emphasize material savings and multi-regional sourcing to counter raw-material price swings.

Key Report Takeaways

By pump type, centrifugal designs led with 56.8% of the pumps market share in 2024 and are projected to expand at a 6.2% CAGR through 2030.
By shaft orientation, horizontal pumps accounted for 60% of the pumps market share in 2024, while vertical configurations are poised for the fastest 5.8% CAGR between 2025-2030.
By driving force, electric pumps held 75% of the global total in 2024; solar-powered units are expected to grow at a 9.5% CAGR during 2025-2030.
By end user, water and wastewater utilities captured 50.65% of the pumps market size in 2024 and are forecast to rise at a 6.05% CAGR to 2030.
By geography, Asia-Pacific commanded 51.60% of the pumps market share in 2024 and will likely maintain the fastest 6.0% CAGR over the forecast period.

Global Pumps Market Trends and Insights

Drivers Impact Analysis

Driver	(~) % Impact on CAGR Forecast	Geographic Relevance	Impact Timeline
Escalating CAPEX in desalination projects	+1.20%	Middle East, North Africa, Asia-Pacific	Medium term (2-4 years)
Stringent wastewater reuse mandates	+1.00%	Europe, North America	Long term (≥ 4 years)
Rapid expansion of shale & deep-water O&G projects	+0.80%	North America, South America	Medium term (2-4 years)
Surging district cooling & heating installations	+0.70%	Nordic countries, Middle East	Medium term (2-4 years)
Electrification of Agricultural Irrigation (Solar Pumps) in India & Africa	+1.3%	India, Africa	Long term (≥ 4 years)

Source: Mordor Intelligence

Escalating CAPEX in Desalination Projects across MENA & APAC

Seawater-desalination build-outs in Saudi Arabia and the UAE exceeded USD 4.8 billion in 2024, spurring demand for high-pressure pumps with ceramic composite wetted parts that last 40% longer than stainless-steel equivalents. Energy-recovery devices now standardize in new plants, trimming operating costs by up to 60% and raising technical barriers that favor suppliers with proven marine-grade materials expertise. Manufacturers with desalination references are capitalizing on premium pricing while competitors race to secure similar credentials.

Stringent Wastewater Reuse Mandates in Europe & North America

The revised EU Urban Waste Water Treatment Directive targets steep cuts in phosphorus and PFAS, accelerating adoption of precision-dosing and variable-flow circulation pumps able to support advanced oxidation and membrane filtration. Municipalities allocate more budget to integrated pump packages, raising the average order value by 27%. Suppliers offering controls and remote-monitoring capabilities are winning bids as utilities shift to outcome-based procurement.

Rapid Expansion of Shale & Deep-water O&G Projects in US Gulf & Brazil

High-pressure fracturing in the Permian Basin and deep-water production off Brazil both require abrasion-resistant pumps engineered for 3,000-meter depths or 10,000-psi surface pressures. Liberty Energy and Cummins launched a variable-speed natural-gas engine that cuts fuel costs while driving high-pressure pumps, promising operators lower emissions and longer service intervals investors.^{(2)Liberty Energy, “Liberty and Cummins Announce Variable Speed Frac Engine,” investors.libertyenergy.com}

Surging District Cooling & Heating Installations in Nordics & Middle East

Heat-pump capacity in the Nordics is on track to climb from 1,000 GW to 2,600 GW by 2030, stimulating demand for large circulation pumps designed for continuous duty, wide temperature swings and variable-frequency operation. Middle-Eastern cities add district-cooling capacity that favors pumps optimized for high ambient temperatures and precise chiller flow control.

Restraints Impact Analysis

Restraint	(~) % Impact on CAGR Forecast	Geographic Relevance	Impact Timeline
Volatility in Nickel & Stainless-Steel Prices Inflating BoM	-0.7%	Global	Short term (≤ 2 years)
Proliferation of Low-cost Chinese Manufacturers Compressing Margins	-0.8%	Global, with highest impact in Asia-Pacific	Medium term (2-4 years)
Declining Thermal Power Pipeline in OECD Curtailing Circulation Pumps	-0.5%	OECD Countries	Long term (≥ 4 years)
Long Municipal Replacement Cycles (15–20 yrs) Limiting Annual Sales	-0.6%	Global	Long term (≥ 4 years)

Source: Mordor Intelligence

Volatility in Nickel & Stainless-Steel Prices Inflating BoM

Pump producers report stainless-steel content of 30-40% in positive-displacement designs, so price spikes squeeze margins. Leading European brands now use computational fluid dynamics to reduce alloy weight by 15% in selected models and hedge exposure through multi-regional sourcing.

Proliferation of Low-cost Chinese Manufacturers Compressing Margins

Low-priced imports dominate standardized end-suction pumps, forcing incumbents to shift revenue toward lifecycle services and digital add-ons that now represent 25% of turnover for several Western suppliers. Total-cost-of-ownership messaging helps retain premium positioning, though rivalry in emerging markets remains fierce.

Segment Analysis

By Pump Type: Centrifugal Designs Anchor Broad-based Demand

Centrifugal pumps accounted for 56.8% of pumps market share in 2024. Continuous improvements in impeller geometry and guide-blade profiles have lifted hydraulic efficiency by up to 15%. The segment is forecast to post a 6.2% CAGR, outpacing the overall pumps market. Widespread use in water supply, HVAC and refinery services provides a stable base, while emerging carbon-capture plants require tailored CO₂-handling models with advanced seals and corrosion-resistant alloys.

Specialized centrifugal variants now enter carbon-capture and storage (CCS) circuits, where liquid and supercritical CO₂ present complex thermodynamic behavior. Vendors integrating sensor arrays enable operators to run close to best-efficiency points, cutting energy consumption and maintenance costs. Positive-displacement designs remain indispensable in metering, chemical injection and high-pressure slurry duties, commanding premium pricing due to stricter performance tolerances across these niches.

Global Pumps Market — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

By Shaft Orientation: Vertical Configurations Rise in Tight Spaces

Horizontal machines still dominate 60% of the pumps market share due to familiarity, straightforward maintenance, and lower initial cost. However, vertical inline and submersible models are set to grow by 5.8% CAGR as urban utilities and data-center builders confront floor-space constraints. ABB’s pending addition of Aurora Motors strengthens its vertical-motor lineup, signaling supplier confidence in long-term upside. ^{(3)ABB Group, “ABB to Acquire Aurora Motors,” global.abb}

Vertical pumps thrive in deep-well water supply, mining dewatering ,and wastewater wet-well installations where the driver remains above the fluid. Upgraded bearing systems and abrasion-resistant coatings allow longer run times between pulls. Segment demand also benefits from stricter building codes that favor compact plantrooms and stacked mechanical spaces.

By Driving Force: Solar Power Disrupts Off-grid Irrigation

Electric drives hold 75% share, underpinned by the global electrification trend and variable-frequency drives that cut energy use by up to 50%. Solar pumps are the fastest riser at a 9.5% CAGR as farm subsidies and falling panel costs reshape irrigation. India’s PM-KUSUM aims for 34,800 MW of solar pumping by 2026, while similar programs spread across sub-Saharan Africa, providing reliable water without grid access.^{(4)MNRE India, “PM‐KUSUM Scheme,” mnre.gov.in}

Engine-driven units remain essential for emergency drainage and remote oilfield duties, yet tightening emission rules constrain long-term growth. In passenger-vehicle manufacturing, electric coolant pumps replace mechanical types to support battery thermal management, opening a fresh OEM channel for specialist suppliers.

By End-user: Utilities Accelerate Digital Modernization

Water and wastewater utilities represented 50.65% of the pumps market size in 2024 and are projected to post a 6.05% CAGR through 2030. Ageing assets and rising compliance costs push operators toward smart pump stations that self-diagnose failures and adjust speed to match hydraulic demand, trimming OPEX by 20-30%. Large federal programs in the United States, including USD 851.2 million for the Clean Water State Revolving Fund in FY2024, provide a predictable funding base.

Oil and gas companies specify abrasive-resistant, high-pressure units for hydraulic fracturing and subsea boosting, a lucrative vertical where reliability commands premium margins. In chemicals and power generation, material compatibility and thermal-cycling resilience dominate purchase criteria, while district-energy expansion in Europe and the Middle East lifts demand for variable-flow circulation pumps.

Geography Analysis

Asia-Pacific leads the pumps market with 51.60% share in 2024 and is expected to post a 6.0% CAGR through 2030. Massive urbanization, ambitious desalination pipelines, and strong agricultural modernization underpin growth. China’s national heat-pump roadmap and India’s solar-pump rollout sustain high-volume demand. Regional manufacturers move up the value chain toward sensor-enabled units, intensifying local competition.

North America remains innovation-driven. Federal water-infrastructure funding of USD 3.0 billion for lead-service-line replacement in FY2024 stimulates advanced potable-water equipment orders. ^{(1)Congressional Research Service, “Water Infrastructure Financing FY2024,” crsreports.congress.gov} Shale development in the US Gulf boosts demand for 10,000-psi fracturing pumps, while Canadian miners procure hard-wearing slurry units. Heat pumps outsold gas furnaces by 27% in 2024, highlighting electrification’s ripple effect on pump selection.

Europe emphasizes lifecycle efficiency and environmental compliance. The updated EU wastewater directive creates a sizeable market for precision-dosing and membrane-feed pumps. Nordic district-heating networks scale rapidly, requiring large circulation pumps compatible with low-temperature operation. Utilities in Germany and the United Kingdom deploy predictive-maintenance software to lift asset availability and stretch replacement intervals. The Middle East channels heavy investment into desalination and district cooling, whereas many African economies prioritize off-grid solar irrigation solutions to raise farm yields and reduce diesel dependence.

Competitive Landscape

The top ten suppliers collectively control roughly 35-40% of global revenue, signifying moderate concentration. Recent acquisitions, such as Honeywell’s USD 2.2 billion purchase of Sundyne, illustrate how automation majors value specialist pump technology to complement digital-control portfolios. IoT-ready pumps that track vibration, temperature and energy draw in real time differentiate premium brands from price-driven entrants.

Specialty niches create openings for mid-size innovators. At Hydrogen Technology Expo 2024 the Star Pump Alliance displayed hermetically sealed, high-pressure models tailored for hydrogen production, an early-stage segment that demands corrosion resistance and zero leakage. Pump companies now recruit software talent to enhance analytics layers that advise on optimal pump duty and predictive servicing, blurring lines between mechanical and digital offerings.

Low-cost manufacturers headquartered in China broaden export channels, applying aggressive pricing strategies in end-suction and split-case categories. Western incumbents respond with service contracts guaranteeing uptime and energy savings. Portfolio moves in 2024-2025—ABB acquiring Aurora Motors for vertical pump drives, Ingersoll Rand buying three niche specialists for USD 135 million and Sumitomo securing Resource Equipment Indonesia—reflect the ongoing race to secure regional manufacturing footprints, specialized know-how and rental fleets that smooth revenue cyclicality.

Global Pumps Industry Leaders

Flowserve Corporation
Grundfos Holding A/S
KSB SE & Co. KGaA
Sulzer Ltd.
Xylem Inc.
*Disclaimer: Major Players sorted in no particular order

Pump Market Concentration — Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

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Recent Industry Developments

March 2025: Honeywell completed its USD 2.2 billion acquisition of Sundyne, bolstering its Energy and Sustainability Solutions division.
January 2025: Liberty Energy and Cummins partnered to launch a variable-speed natural-gas engine designed for hydraulic-fracturing pump fleets, targeting mid-2025 rollout.
November 2024: ABB agreed to acquire Aurora Motors to expand its vertical pump-motor portfolio
October 2024: Ingersoll Rand closed the purchases of Air Power Systems, Blutek and UT Pumps & Systems for USD 135 million

Table of Contents for Global Pumps Industry Report

1. Introduction

1.1 Study Assumptions & Market Definition
1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

4.1 Market Overview
4.2 Recent Trends & Developments
4.3 Market Drivers
- 4.3.1 Escalating CAPEX in Desalination Projects across MENA & APAC
- 4.3.2 Stringent Waste-water Reuse Mandates in Europe & North America
- 4.3.3 Rapid Expansion of Shale & Deep-water O&G Projects in US Gulf & Brazil
- 4.3.4 Surging District Cooling & Heating Installations in Nordics & Middle East
- 4.3.5 Electrification of Agricultural Irrigation (Solar Pumps) in India & Africa
4.4 Market Restraints
- 4.4.1 Volatility in Nickel & Stainless-Steel Prices Inflating BoM
- 4.4.2 Proliferation of Low-cost Chinese Manufacturers Compressing Margins
- 4.4.3 Declining Thermal Power Pipeline in OECD Curtailing Circulation Pumps
- 4.4.4 Long Municipal Replacement Cycles (15?20 yrs) Limiting Annual Sales
4.5 Supply-Chain Analysis
4.6 Regulatory Outlook
4.7 Technological Outlook
4.8 Porter's Five Forces
- 4.8.1 Bargaining Power of Suppliers
- 4.8.2 Bargaining Power of Buyers
- 4.8.3 Threat of New Entrants
- 4.8.4 Threat of Substitutes
- 4.8.5 Competitive Rivalry
4.9 Investment Analysis

5. Market Size & Growth Forecasts (Value, USD)

5.1 By Pump Type
- 5.1.1 Centrifugal (Radial-flow, Axial-flow and Mixed-flow)
- 5.1.2 Positive Displacement (Rotary (Gear, Lobe, Vane, Screw), and Reciprocating (Piston, Diaphragm, Plunger))
- 5.1.3 Others (Specialty, Jet Pumps)
5.2 By Shaft Orientation
- 5.2.1 Horizontal
- 5.2.2 Vertical
5.3 By Driving Force
- 5.3.1 Electric-driven
- 5.3.2 Engine-driven
- 5.3.3 Pneumatic/Air-operated
- 5.3.4 Solar-powered
5.4 By End-user
- 5.4.1 Water and Waste-water Utilities
- 5.4.2 Oil and Gas (Upstream, Midstream, Downstream)
- 5.4.3 Chemicals and Petrochemicals
- 5.4.4 Power Generation (Thermal, Nuclear, Renewables)
- 5.4.5 Mining and Metals
- 5.4.6 HVAC and Building Services
- 5.4.7 Agriculture and Irrigation
- 5.4.8 Construction and Infrastructure
- 5.4.9 Others
5.5 By Geography
- 5.5.1 North America
- 5.5.1.1 United States
- 5.5.1.2 Canada
- 5.5.1.3 Mexico
- 5.5.2 Europe
- 5.5.2.1 United Kingdom
- 5.5.2.2 Germany
- 5.5.2.3 France
- 5.5.2.4 Spain
- 5.5.2.5 Nordic Countries
- 5.5.2.6 Russia
- 5.5.2.7 Rest of Europe
- 5.5.3 Asia-Pacific
- 5.5.3.1 China
- 5.5.3.2 India
- 5.5.3.3 Japan
- 5.5.3.4 South Korea
- 5.5.3.5 Malaysia
- 5.5.3.6 Thailand
- 5.5.3.7 Indonesia
- 5.5.3.8 Vietnam
- 5.5.3.9 Australia
- 5.5.3.10 Rest of Asia-Pacific
- 5.5.4 South America
- 5.5.4.1 Brazil
- 5.5.4.2 Argentina
- 5.5.4.3 Colombia
- 5.5.4.4 Rest of South America
- 5.5.5 Middle East and Africa
- 5.5.5.1 United Arab Emirates
- 5.5.5.2 Saudi Arabia
- 5.5.5.3 South Africa
- 5.5.5.4 Egypt
- 5.5.5.5 Rest of Middle East and Africa

6. Competitive Landscape

6.1 Market Concentration
6.2 Strategic Moves
6.3 Market Share Analysis
6.4 Company Profiles {(includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products & Services, and Recent Developments)}
- 6.4.1 Flowserve Corporation
- 6.4.2 Grundfos Holding A/S
- 6.4.3 KSB SE & Co. KGaA
- 6.4.4 ITT Inc.
- 6.4.5 Sulzer Ltd.
- 6.4.6 Ebara Corporation
- 6.4.7 Weir Group plc
- 6.4.8 Xylem Inc.
- 6.4.9 Wilo SE
- 6.4.10 Pentair plc
- 6.4.11 Tsurumi Manufacturing Co. Ltd.
- 6.4.12 Torishima Pump Mfg. Co. Ltd.
- 6.4.13 Baker Hughes Company
- 6.4.14 Schlumberger Limited
- 6.4.15 Celeros Flow Technology LLC
- 6.4.16 Atlas Copco AB
- 6.4.17 Kirloskar Brothers Ltd.
- 6.4.18 Ruhrpumpen Group
- 6.4.19 Desmi A/S
- 6.4.20 Zoeller Pump Co.

7. Market Opportunities & Future Outlook

7.1 White-space & Unmet-Need Assessment

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Global Pumps Market Report Scope

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 report also covers the market sizes and forecasts for the pumps market across major regions. For each segment, the market sizing and forecasts have been done based on revenue (USD).

By Pump Type	Centrifugal (Radial-flow, Axial-flow and Mixed-flow)
	Positive Displacement (Rotary (Gear, Lobe, Vane, Screw), and Reciprocating (Piston, Diaphragm, Plunger))
	Others (Specialty, Jet Pumps)
By Shaft Orientation	Horizontal
	Vertical
By Driving Force	Electric-driven
	Engine-driven
	Pneumatic/Air-operated
	Solar-powered
By End-user	Water and Waste-water Utilities
	Oil and Gas (Upstream, Midstream, Downstream)
	Chemicals and Petrochemicals
	Power Generation (Thermal, Nuclear, Renewables)
	Mining and Metals
	HVAC and Building Services
	Agriculture and Irrigation
	Construction and Infrastructure
	Others

By Geography	North America	United States
		Canada
		Mexico

	Europe	United Kingdom
		Germany
		France
		Spain
		Nordic Countries
		Russia
		Rest of Europe

	Asia-Pacific	China
		India
		Japan
		South Korea
		Malaysia
		Thailand
		Indonesia
		Vietnam
		Australia
		Rest of Asia-Pacific

	South America	Brazil
		Argentina
		Colombia
		Rest of South America

	Middle East and Africa	United Arab Emirates
		Saudi Arabia
		South Africa
		Egypt
		Rest of Middle East and Africa

By Pump Type

Centrifugal (Radial-flow, Axial-flow and Mixed-flow)

Positive Displacement (Rotary (Gear, Lobe, Vane, Screw), and Reciprocating (Piston, Diaphragm, Plunger))

Others (Specialty, Jet Pumps)

By Shaft Orientation

Horizontal

Vertical

By Driving Force

Electric-driven

Engine-driven

Pneumatic/Air-operated

Solar-powered

By End-user

Water and Waste-water Utilities

Oil and Gas (Upstream, Midstream, Downstream)

Chemicals and Petrochemicals

Power Generation (Thermal, Nuclear, Renewables)

Mining and Metals

HVAC and Building Services

Agriculture and Irrigation

Construction and Infrastructure

Others

By Geography

North America	United States
	Canada
	Mexico
Europe	United Kingdom
	Germany
	France
	Spain
	Nordic Countries
	Russia
	Rest of Europe
Asia-Pacific	China
	India
	Japan
	South Korea
	Malaysia
	Thailand
	Indonesia
	Vietnam
	Australia
	Rest of Asia-Pacific
South America	Brazil
	Argentina
	Colombia
	Rest of South America
Middle East and Africa	United Arab Emirates
	Saudi Arabia
	South Africa
	Egypt
	Rest of Middle East and Africa

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Key Questions Answered in the Report

What is the current size of the pumps market?

The global pumps market size stands at USD 68.27 billion in 2025 and is projected to reach USD 86.10 billion by 2030.

Which region leads pumps demand?

Asia-Pacific holds 51.60% of global sales in 2024 and shows the fastest 6.0% CAGR through 2030, driven by infrastructure and industrial projects.

What pump type is most common?

Centrifugal pumps dominate with 56.8% share in 2024 because of versatility across water, industrial and energy applications.

How fast are solar-powered pumps growing?

Solar-powered units are forecast to expand at a 9.5% CAGR between 2025-2030, largely for off-grid agricultural irrigation.

Why are utilities investing in smart pumps?

Digital monitoring and variable-speed controls can lower utility operating costs by 20-30% while ensuring compliance with stricter water-quality standards.

How is raw-material price volatility affecting manufacturers?

Fluctuations in stainless steel and nickel prices compress margins, prompting design optimizations that cut alloy usage by up to 15% and diversify supplier bases.