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).
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 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 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 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 pumps accounted for 56.8% of pumps market 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.
Note: Segment shares of all individual segments available upon report purchase
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By Shaft Orientation: Vertical Configurations Rise in Tight Spaces
Horizontal machines still dominate 60% of the pumps market 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)
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% sharein the pumps market 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)
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.
Note: Segment shares of all individual segments available upon report purchase
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By End-user: Utilities Accelerate Digital Modernization
Water and wastewater utilities represented 50.65% of the overall pumps market 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.
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Competitive Landscape
The top ten suppliers in the pumps market 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.
Pumps Industry Leaders
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Flowserve Corporation
-
Grundfos Holding A/S
-
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
- 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
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 (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
- 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 current size of the pumps market?
The global pumps market size is valued 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.
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