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. |
|
Pumps Market Analysis by Mordor Intelligence
The 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).
Large-scale water infrastructure upgrades, steady industrial capital spending, and the universal push for energy-efficient equipment support growth. 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 in the pumps industry 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 captured 56.86% of the pumps market share in 2024, and the category is forecast to advance at a 6.20% CAGR through 2030.
- By drive technology, electric motor systems accounted for 76.50% of the pumps market size in 2024, whereas solar-renewable variants are poised for a 9.5% CAGR.
- By position, surface-mounted units held 58.25% of the pumps market share in 2024, while submersible designs are set to record the quickest 8.4% CAGR over 2025-2030.
- By application, water and wastewater led the pumps market with 50.37% market size in 2024 and will likely post a 6.05% CAGR to 2030.
- By geography, Asia-Pacific dominated with 51.60% pumps market share in 2024 and is projected to maintain the fastest 6.00% CAGR during 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 | +1.2% | Middle East, North Africa, Asia-Pacific | Medium term (2-4 years) |
| Stringent wastewater-reuse mandates | +1.0% | Europe, North America | Long term (≥ 4 years) |
| Rapid growth of shale and deep-water O&G projects | +0.8% | North America, South America | Medium term (2-4 years) |
| Expansion of district-cooling and heating networks | +0.7% | Nordic countries, Middle East | Medium term (2-4 years) |
| Electrification of agricultural irrigation via solar | +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 are now standardized 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.(1)Congressional Research Service, “Water Infrastructure Financing FY 2024,” congress.gov
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 for 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.(3)International Energy Agency, “Desalination and Energy,” iea.org
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Volatile nickel and stainless-steel prices | -0.7% | Global | Short term (≤ 2 years) |
| Proliferation of low-cost Chinese suppliers | -0.8% | Global, highest in Asia-Pacific | Medium term (2-4 years) |
| Declining thermal-power pipeline in OECD | -0.5% | OECD countries | Long term (≥ 4 years) |
| Long municipal asset-replacement cycles | -0.6% | Global | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Volatility in Nickel & Stainless-Steel Prices Inflating BoM
Pump producers in the pumps market 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 in the pumps market 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 units accounted for 56.86% of the pumps market share in 2024 and are expected to expand at a 6.20% CAGR. Efficiency gains stem from guide-blade redesigns and optimized blade-wrap angles that lift hydraulic output while trimming energy draw by 15%. Specialized CO₂-service variants now equip carbon-capture projects, using corrosion-resistant alloys and hermetic seals to handle dense-phase media. Smaller positive-displacement categories retain strong niches in metering and slurry injection, commanding premium prices for precision and high-pressure performance.
Continuous R&D in impeller geometry, ceramic bearings, and real-time condition monitoring strengthens the centrifugal value proposition across desalination, HVAC, and refinery circuits. Positive-displacement lines focus on internal-gear and piston architectures that deliver constant flow against fluctuating discharge pressures, making them indispensable in chemical batching, food processing, and pharma compounds.
Note: Segment shares of all individual segments available upon report purchase
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By Drive Technology: Renewable Systems Gain Momentum
Electric motors remained the dominant driver with a 76.50% share in 2024 as grid reliability improves and variable-frequency drives become standard on municipal tenders. Solar-renewable sets are on track for a 9.5% CAGR, thanks to subsidy programs and falling panel prices that cut total installed cost for off-grid farms. Diesel and gas engines persist in emergency drainage and hostile oilfield zones, but tightening emissions caps restrain growth. Magnetically coupled, sealless pumps increase penetration in hazardous chemical duties where zero leakage outweighs higher upfront cost.
In automotive assembly, the shift to battery-electric vehicles accelerates the adoption of compact, electronically commutated coolant pumps engineered for 48-V architectures. In shale basins, the newly launched natural-gas engine platform allows operators to burn field gas, reducing logistics and boosting runtime for high-pressure fracturing spreads.
By Position: Submersible Solutions Expand in Mining & Deep Wells
Surface-mounted variants held 58.25% of installations in 2024, favored for low cost and easy maintenance. Submersible designs will grow 8.4% CAGR, driven by mining dewatering, coastal well fields, and urban drainage upgrades. Enhanced insulation systems and wear-resistant elastomers lengthen overhaul intervals in abrasive slurries. Vertical inline configurations gain popularity in space-constrained mechanical rooms, while ABB’s planned integration of Aurora Motors strengthens the supply chain for NEMA-frame vertical drivers.
Sumitomo’s acquisition of PT Resource Equipment Indonesia underscores the rising demand for rental fleets of large dewatering sets as tropical mines seek flexible capacity without capital outlay.
Note: Segment shares of all individual segments available upon report purchase
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By Application: Utilities Accelerate Digital Transformation
Water and wastewater plants contributed 50.37% of the pump market size in 2024 and are forecast at a 6.05% CAGR through 2030. U.S. federal programs assigned USD 851.2 million to Clean Water SRF grants in FY 2024, ensuring a stable pipeline of rehabilitation projects. AI-enabled analytics now help utilities cut operating expenses by up to 30% via optimized pump scheduling and predictive maintenance. Chemical and petrochemical complexes specify sealless magnetic drives to comply with zero-leak mandates, while district-heating networks source high-capacity circulation sets matched to variable renewable supply.
In oil and gas, high-horsepower triplex and quintuplex pumps remain critical for hydraulic fracturing, although variable-speed natural-gas engines enhance fuel flexibility. Food processors demand stainless sanitary pumps with CIP certifications, whereas mining operations favor abrasion-resistant elastomer-lined models.
Geography Analysis
Asia-Pacific generated 51.60% of 2024 revenue and will likely post a 6.00% CAGR. China’s national heat-pump roadmap accelerates demand for high-efficiency circulation sets, and India’s solar-irrigation roll-out drives decentralized sales. Domestic manufacturers move up the technology curve with IoT-ready offerings that challenge foreign incumbents. ASEAN nations finance flood-control stations and coastal desalination to support rapid urbanization.
North America is mature yet innovation-led. USD 3 billion earmarked for U.S. lead-service-line elimination stimulates orders for potable-water boosters and end-suction mains.(4)Congressional Research Service, “Water Infrastructure Financing FY 2024,” congress.gov The region also leads in shale drilling and subsea boosting, niches that reward high-pressure specialists with double-digit margins. Mexican irrigation renewal, worth USD 2.6 billion, broadens the addressable base for efficient centrifugal and solar units.
Europe’s market prioritizes energy efficiency. The updated wastewater directive forces utilities to adopt advanced oxidation and membrane systems, pushing sales of chemical-resistant dosing sets. Nordic district networks raise demand for variable-flow inline circulators, while Germany and the United Kingdom pilot predictive-maintenance software that extends asset life.
The Middle East invests heavily in desalination and district cooling, requiring corrosion-proof, high-head pumps. Sub-Saharan Africa focuses on affordable solar kits that reduce diesel reliance and improve smallholder resilience. South Africa’s mining sector continues to secure large dewatering fleets to manage deeper ore bodies.
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Competitive Landscape
Roughly 35–40% of global revenue rests with the top ten suppliers, indicating moderate concentration. Honeywell’s USD 2.2 billion purchase of Sundyne strengthens its foothold in high-pressure hydrocarbon service and embeds rotating equipment within larger automation packages.(5)Honeywell International, “Sundyne Acquisition,” honeywell.com ABB’s and Ingersoll Rand’s bolt-on moves reflect the strategic premium on digital capabilities and vertical-motor expertise. Grundfos earned a platinum EcoVadis rating after cutting CO₂ emissions 10.5% since 2018, leveraging sustainability credentials to win public bids.
White-space opportunities arise in hydrogen infrastructure, where the Star Pump Alliance displayed hermetically sealed, high-pressure models able to handle embrittlement risks posed by H₂. Smaller specialists exploit these niches through material science advances and rapid prototyping.
Low-cost Asian manufacturers keep margins tight in standardized segments, prompting incumbents to bundle software, extended warranties, and performance contracts. Service revenue now contributes up to 25% for leading Western brands, compared with under 10% five years ago.
Pumps Industry Leaders
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Flowserve Corporation
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Grundfos Holding A/S
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KSB SE & Co. KGaA
-
Sulzer Ltd.
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Xylem Inc.
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- April 2025: AAON introduced Alpha-Class ECO, PRO, and EXTREME air-source heat pumps capable of full-capacity heating at 5 °F, creating new demand for variable-flow circulation sets.
- 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.
- December 2024: Sumitomo purchased PT Resource Equipment Indonesia, expanding its rental fleet of large mine-dewatering pumps.
- 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.
Research Methodology Framework and Report Scope
Market Definitions and Key Coverage
Our study defines the global pumps market as the value generated from first-sale centrifugal and positive-displacement pumps, complete units only, supplied to industrial, municipal, agricultural, building-services, and energy customers worldwide. Devices such as dedicated medical infusion, microfluidic, and HVAC circulators rated below 0.5 hp are treated as separate niches and left outside the calculation.
Scope exclusion: Aftermarket spare parts, rental fleets, and pump-motor packages sold solely as finished HVAC circulators are excluded to preserve apples-to-apples comparability.
Segmentation Overview
- By Pump Type
- Centrifugal
- Positive-Displacement
- By Drive Technology
- Electric Motor
- Diesel/Gas Engine
- Solar/Renewable
- Magnetically-Driven/Sealless
- By Position
- Surface
- Submersible
- Vertical In-Line
- By Application
- Water and Wastewater
- Chemical and Petrochemical
- HVAC and Building Services
- Oil and Gas (Upstream, Midstream, Downstream)
- Food and Beverage
- Mining and Metals
- Power Generation (Thermal, Nuclear, Renewables)
- Pharmaceuticals and Biotech
- Others
- By Geography
- North America
- United States
- Canada
- Mexico
- Europe
- United Kingdom
- Germany
- France
- Spain
- NORDIC Countries
- Russia
- Turkey
- 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
- Saudi Arabia
- United Arab Emirates
- South Africa
- Egypt
- Nigeria
- Qatar
- Rest of Middle East and Africa
- North America
Detailed Research Methodology and Data Validation
Primary Research
Interviews are held with pump design engineers at OEMs, procurement managers at EPC firms, water utility asset heads across Asia-Pacific and the Gulf, and regional distributors. These dialogues test desk-based assumptions, surface typical price bands by flow class, and flag adoption barriers that numbers alone cannot reveal.
Desk Research
We begin with publicly available cornerstones such as UN Comtrade shipment records, the Hydraulic Institute statistical yearbook, USGS mineral flow tables, Eurostat PRODCOM output runs, and trade association briefs from organisations such as the China General Machinery Association. Annual reports, 10-Ks, and investor decks supply segment revenue splits, while technical journals shed light on emerging efficiency mandates. Our analysts also interrogate paid resources, D&B Hoovers for company financials and Dow Jones Factiva for deal flow, to cross-check market share signals. This list is illustrative; many additional sources feed our evidence pool.
Market-Sizing & Forecasting
A top-down build anchored in national production plus net trade volumes is employed, which is then sense-checked through selective bottom-up roll-ups of quoted revenues from leading manufacturers. Key variables shaping the model include municipal water infrastructure capex, active rotary-rig counts, global industrial production indices, average selling-price movements, renewable-powered pump penetration, and five-year replacement cycles. Multivariate regression linked to these drivers produces the forecast, while scenario analysis captures swings in commodity prices and policy shifts. Where bottom-up gaps appear, price-per-unit benchmarks from field interviews are applied conservatively.
Data Validation & Update Cycle
Outputs move through anomaly checks, peer review, and senior analyst sign-off. Models refresh each year, and we trigger interim updates when material events, large infrastructure bills and major mergers, distort baselines. A final validation pass occurs immediately before publication so clients receive the freshest view.
Why Mordor's Pumps Market Baseline Proves Dependable
Published estimates often diverge because firms choose different pump classes, geographic mixes, and refresh rhythms.
Key gap drivers include narrower scope that omits agricultural solar sets, overly optimistic ASP escalation, or infrequent updates that miss 2024's input-cost dip. Mordor's page covers all mainstream pump architectures, applies price curves vetted with distributors, and resets assumptions annually, which keeps our 2025 value crisp.
Benchmark comparison
| Market Size | Anonymized source | Primary gap driver |
|---|---|---|
| USD 68.27 B (2025) | Mordor Intelligence | - |
| USD 61.32 B (2024) | Global Consultancy A | Excludes solar irrigation sets and uses biennial refresh |
| USD 59.65 B (2024) | Industry Publisher B | Relies mainly on customs codes, limited primary validation |
These contrasts show that our disciplined scope choices and yearly recalibration give decision-makers a balanced, transparent baseline they can trace back to clear variables and repeatable steps.
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Key Questions Answered in the Report
What is the forecast value of the pump market by 2030?
The pump market is expected to reach USD 86.10 billion by 2030.
Which region contributes the largest share of global pump sales?
Asia-Pacific holds 51.60% of worldwide demand and also shows the fastest growth outlook.
Which pump type dominates current installations?
Centrifugal pumps account for more than half of global shipments due to their versatility and efficiency improvements.
How fast is the solar-powered pump segment expanding?
Solar-renewable systems are projected to grow at a 9.5% CAGR between 2025 and 2030, mainly in agriculture and off-grid sites.
Why are utilities adopting smart pump stations?
Digital analytics and variable-speed drives reduce energy bills and maintenance costs by up to 30% while ensuring compliance with stricter regulations.
How are raw-material price swings affecting manufacturers?
Fluctuating stainless-steel and nickel costs cut margins, so producers redesign casings to use less alloy and add multi-regional sourcing to secure supply.
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