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Industrial Pump Market

ID: MRFR/Equip/21451-HCR
100 Pages
Varsha More
October 2025

Industrial Pump Market Research Report By Pump Type (Centrifugal Pumps, Positive Displacement Pumps, Dynamic Pumps, Speciality Pumps), By Application Area (Oil & Gas, Water & Wastewater Treatment, Chemical Processing, Power Generation, Mining, Food & Beverage), By Material of Construction (Metal, Plastic, Ceramics, Alloy), By Power Rating (Less than 10 Horsepower, 10-50 Horsepower, 51-100 Horsepower, Over 100 Horsepower), By End-User Industry (Manufacturing, Utilities, Oil & Gas, Construction, Chemicals, Mining) and By Region... read more

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Industrial Pump Market Summary

As per MRFR analysis, the Industrial Pump Market was estimated at 327.75 USD Billion in 2024. The Industrial Pump industry is projected to grow from 337.16 USD Billion in 2025 to 447.52 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 2.87 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Industrial Pump Market is poised for robust growth driven by technological advancements and increasing sustainability initiatives.

  • Technological advancements are enhancing pump efficiency and reliability across various applications.
  • Sustainability initiatives are prompting industries to adopt eco-friendly pumping solutions, particularly in North America.
  • The water and wastewater treatment segment remains the largest, while the oil and gas segment is experiencing rapid growth in the Asia-Pacific region.
  • Rising demand in water and wastewater management and the expansion of manufacturing industries are key drivers of market growth.

Market Size & Forecast

2024 Market Size 327.75 (USD Billion)
2035 Market Size 447.52 (USD Billion)
CAGR (2025 - 2035) 2.87%

Major Players

Flowserve Corporation (US), KSB SE & Co. KGaA (DE), Grundfos Holding A/S (DK), Sulzer Ltd (CH), Xylem Inc. (US), Ebara Corporation (JP), Weir Group PLC (GB), Pentair PLC (IE), SPX Flow, Inc. (US)

Industrial Pump Market Trends

The Industrial Pump Market is currently experiencing a dynamic evolution, driven by various factors that influence demand and innovation. The increasing need for efficient fluid management across diverse industries, such as oil and gas, water treatment, and manufacturing, appears to be a primary catalyst for growth. Furthermore, advancements in technology, including automation and smart pump systems, seem to enhance operational efficiency and reduce energy consumption. This trend indicates a shift towards more sustainable practices, as companies seek to minimize their environmental impact while optimizing performance. In addition, the rising focus on infrastructure development and urbanization is likely to bolster the Industrial Pump Market. As cities expand and industrial activities intensify, the demand for reliable pumping solutions becomes paramount. Moreover, the integration of IoT and data analytics into pump systems may provide valuable insights for predictive maintenance, thereby reducing downtime and operational costs. Overall, the Industrial Pump Market appears poised for continued growth, driven by technological advancements and evolving industry needs.

Technological Advancements

The Industrial Pump Market is witnessing a surge in technological innovations, particularly in automation and smart systems. These advancements facilitate enhanced efficiency and reliability, allowing for real-time monitoring and control of pumping operations. As industries increasingly adopt these technologies, the market is likely to see a shift towards more intelligent and responsive pumping solutions.

Sustainability Initiatives

There is a growing emphasis on sustainability within the Industrial Pump Market, as companies strive to reduce their environmental footprint. This trend is reflected in the development of energy-efficient pumps and eco-friendly materials. Organizations are increasingly prioritizing sustainable practices, which may lead to a rise in demand for pumps that align with these initiatives.

Infrastructure Development

The ongoing expansion of infrastructure projects globally is expected to significantly impact the Industrial Pump Market. As urbanization accelerates, the need for reliable pumping solutions in water supply, wastewater management, and industrial processes becomes critical. This trend suggests that the market will continue to grow in response to the increasing demands of modern infrastructure.

Industrial Pump Market Drivers

Rising Demand for Water and Wastewater Management

The Global Industrial Pump Market Industry experiences a notable surge in demand driven by the increasing need for efficient water and wastewater management systems. As urbanization accelerates, municipalities and industries are investing heavily in infrastructure to ensure clean water supply and effective wastewater treatment. This trend is reflected in the projected market value of 327.8 USD Billion in 2024, indicating a robust growth trajectory. Additionally, the growing awareness of environmental sustainability further propels the adoption of advanced pumping solutions, which are essential for optimizing resource management and reducing operational costs in various sectors.

Market Segment Insights

By Application: Water and Wastewater Treatment (Largest) vs. Oil and Gas (Fastest-Growing)

In the Industrial Pump Market, Water and Wastewater Treatment constitutes the largest application segment, capturing a significant portion of the market share. This sector is driven by the increasing need for efficient water management and wastewater treatment solutions, resulting in sustained investment and development. On the other hand, the Oil and Gas segment, though currently smaller in share, is rapidly gaining momentum due to heightened exploration activities in oil reserves and advances in extraction technologies that require specialized pumping systems.

Water and Wastewater Treatment (Dominant) vs. Oil and Gas (Emerging)

Water and Wastewater Treatment is the dominant application in the Industrial Pump Market, primarily due to the essential role that pumps play in managing water resources, ensuring supply, and treating wastewater for reuse. This segment benefits from stringent regulatory requirements that mandate efficient water processing and recycling. Contrarily, Oil and Gas represents an emerging segment, experiencing rapid growth driven by the increasing global energy demand and exploration of unconventional oil sources. Pumps in this sector must withstand extreme conditions, thereby driving innovation in pump design and materials, making it an exciting area for technological advancement.

By End Use: Manufacturing (Largest) vs. Construction (Fastest-Growing)

In the Industrial Pump Market, the end-use segment is primarily driven by the manufacturing sector, which holds the largest share. This sector encompasses a variety of applications, including processing, assembly, and distribution, making it essential for overall market stability. Following closely, construction is rapidly gaining traction, reflecting increased investments in infrastructure and housing projects. Other notable segments include mining and power generation, which are vital but have relatively smaller market shares compared to manufacturing and construction.

Construction (Dominant) vs. Mining (Emerging)

Manufacturing pumps are known for their robust designs and versatility, catering to various applications like material handling and waste management. In contrast, the construction segment is characterized by its demand for durable pumps capable of withstanding harsh environmental conditions and fluid types. These pumps serve vital roles in concrete transfer and dewatering applications. Meanwhile, the mining sector is emerging with a focus on specialized pumps designed for abrasive and corrosive materials, demonstrating a potential shift in market dynamics as the demand for sustainability and efficiency grows.

By Pump Type: Centrifugal Pump (Largest) vs. Positive Displacement Pump (Fastest-Growing)

The Industrial Pump Market is characterized by a diverse range of pump types, among which the centrifugal pump dominates with the largest market share. Its efficiency and adaptability make it the preferred choice in various applications, leading to its significant market presence. Positive displacement pumps, while currently smaller in share, are rapidly gaining traction due to their increasing application in industries requiring more precise flow control.

Centrifugal Pump (Dominant) vs. Positive Displacement Pump (Emerging)

Centrifugal pumps are known for their ability to transport fluids efficiently at high flow rates, becoming the dominant technology in the industrial sector. They work by converting rotational kinetic energy into hydrodynamic energy, making them ideal for applications involving low viscosity fluids. In contrast, positive displacement pumps, characterized by their mechanism of trapping a fixed amount of fluid and forcing it through the discharge, are emerging as essential tools in sectors requiring high pressure and precise dosing. Their growth is propelled by the rise in demanding industrial applications and the need for reliable and accurate fluid handling.

By Material: Stainless Steel (Largest) vs. Cast Iron (Fastest-Growing)

In the Industrial Pump Market, the material segment plays a vital role, with various materials catering to diverse applications. Stainless steel holds the largest market share due to its corrosion resistance and durability, making it suitable for high-pressure applications in chemical and food industries. Cast iron follows, showing significant market participation as it provides excellent wear resistance for heavy industrial applications. Other materials like plastic, bronze, and composite have smaller shares, appealing mainly to niche markets where specific conditions mandate their use.

Stainless Steel (Dominant) vs. Cast Iron (Emerging)

Stainless steel pumps are dominant in the industrial segment, owing to their robustness against corrosion and high temperatures, which makes them ideal for a variety of applications, including chemicals, pharmaceuticals, and water treatment. In contrast, cast iron is emerging as a significant alternative, primarily designed for environments where heavy-duty performance is essential. Cast iron's economic advantage lies in its cost-effectiveness for heavier applications, coupled with adequate strength and longevity. The ongoing advancements in casting technologies are likely to bolster cast iron's appeal, particularly in industries focusing on operational efficiency and lower maintenance costs.

By Drive Type: Electric Drive (Largest) vs. Hydraulic Drive (Fastest-Growing)

In the Industrial Pump Market, the Drive Type segment exhibits significant diversity, with Electric Drive commanding the largest share by efficiently meeting the demands for reliability and performance across various applications. At the same time, Hydraulic Drive is witnessing the fastest growth due to its advantageous applications in high power and heavy-duty environments, positioning it as a critical component in diverse industrial operations.

Hydraulic Drive (Dominant) vs. Pneumatic Drive (Emerging)

Hydraulic Drive technology stands out for its capability to handle high pressure and operate effectively in heavy-duty environments, thus dominating the Industrial Pump Market. Its effectiveness in hydraulic systems allows for more powerful operation compared to Pneumatic Drive, which presents itself as an emerging option for lighter applications where mobility and air-driven solutions are prioritized. Pneumatic Drive is gaining traction, particularly in sectors where hazardous environments exist and electrical components might pose safety risks, making it a viable alternative for specific uses.

Get more detailed insights about Industrial Pump Market

Regional Insights

North America : Market Leader in Innovation

North America is poised to maintain its leadership in the industrial pump market, holding a significant share of 120.0 million. The region's growth is driven by robust demand from sectors such as oil & gas, water treatment, and manufacturing. Regulatory support for infrastructure development and environmental sustainability initiatives further catalyze market expansion. The increasing focus on energy efficiency and automation in industrial processes is also a key driver of demand. The competitive landscape in North America is characterized by the presence of major players like Flowserve Corporation and Xylem Inc., which are at the forefront of technological advancements. The U.S. remains the largest market, supported by a strong manufacturing base and significant investments in infrastructure. Canada and Mexico are also emerging as important markets, contributing to the overall growth of the region. The focus on innovation and sustainability positions North America as a critical hub for industrial pump solutions.

Europe : Sustainable Growth and Innovation

Europe's industrial pump market is valued at 90.0 million, driven by stringent environmental regulations and a shift towards sustainable practices. The region is witnessing increased investments in renewable energy and water management systems, which are pivotal for market growth. Regulatory frameworks promoting energy efficiency and emissions reduction are also significant catalysts, encouraging industries to adopt advanced pumping solutions that comply with new standards. Leading countries such as Germany, France, and the UK are at the forefront of this market, with key players like KSB SE & Co. KGaA and Grundfos Holding A/S driving innovation. The competitive landscape is marked by a focus on R&D and technological advancements, enabling companies to offer high-efficiency pumps tailored to specific industrial needs. The European market is also characterized by a strong emphasis on customer service and support, enhancing the overall value proposition for end-users.

Asia-Pacific : Emerging Markets and Growth Potential

The Asia-Pacific region, valued at 100.0 million, is experiencing rapid growth in the industrial pump market, driven by urbanization and industrialization. Countries like China and India are leading this surge, with significant investments in infrastructure and manufacturing sectors. The demand for efficient water management and energy solutions is propelling the market forward, supported by government initiatives aimed at enhancing industrial productivity and sustainability. China stands out as the largest market, with a strong presence of local and international players, including Ebara Corporation and Sulzer Ltd. The competitive landscape is evolving, with companies focusing on innovation and cost-effective solutions to meet the diverse needs of various industries. As the region continues to develop, the industrial pump market is expected to expand further, driven by increasing industrial activities and a growing emphasis on environmental sustainability.

Middle East and Africa : Resource-Rich and Growing Demand

The Middle East and Africa region, with a market size of 17.75 million, is witnessing a gradual increase in demand for industrial pumps, driven by the oil & gas sector and water management projects. The region's growth is supported by investments in infrastructure and industrial development, particularly in countries like the UAE and South Africa. Regulatory frameworks are evolving to promote sustainable practices, which is expected to further boost market growth in the coming years. Key players such as Weir Group PLC and Pentair PLC are establishing a strong foothold in this region, focusing on innovative solutions tailored to local needs. The competitive landscape is characterized by a mix of international and regional companies, all vying for market share in a resource-rich environment. As the region continues to develop its industrial capabilities, the demand for efficient and reliable pumping solutions is anticipated to rise significantly.

Key Players and Competitive Insights

The Industrial Pump Market is characterized by a dynamic competitive landscape, driven by technological advancements and increasing demand across various sectors, including water treatment, oil and gas, and manufacturing. Key players such as Flowserve Corporation (US), KSB SE & Co. KGaA (DE), and Grundfos Holding A/S (DK) are strategically positioned to leverage innovation and operational efficiency. Flowserve Corporation (US) focuses on enhancing its product portfolio through digital transformation initiatives, while KSB SE & Co. KGaA (DE) emphasizes sustainability in its operations, aligning with global environmental standards. Grundfos Holding A/S (DK) is actively pursuing partnerships to expand its market reach, thereby shaping a competitive environment that prioritizes technological integration and sustainable practices.

In terms of business tactics, companies are increasingly localizing manufacturing to reduce lead times and optimize supply chains. The market structure appears moderately fragmented, with several players vying for market share. This fragmentation allows for a diverse range of products and services, yet the collective influence of major companies like Sulzer Ltd (CH) and Xylem Inc. (US) is significant, as they set industry standards and drive innovation.

In November 2025, Sulzer Ltd (CH) announced the launch of a new line of energy-efficient pumps designed to reduce operational costs for industrial applications. This strategic move not only enhances Sulzer's product offerings but also positions the company as a leader in sustainability, appealing to environmentally conscious consumers and industries. The introduction of these pumps is likely to strengthen Sulzer's competitive edge in a market increasingly focused on energy efficiency.

In October 2025, Xylem Inc. (US) expanded its digital solutions portfolio by acquiring a software company specializing in water management analytics. This acquisition is pivotal as it allows Xylem to integrate advanced data analytics into its pump systems, thereby enhancing operational efficiency for its clients. The move signifies a broader trend towards digitalization in the Industrial Pump Market, where data-driven decision-making is becoming essential for competitive differentiation.

In September 2025, KSB SE & Co. KGaA (DE) entered into a strategic partnership with a leading renewable energy firm to develop pumps specifically designed for solar thermal applications. This collaboration underscores KSB's commitment to sustainability and innovation, positioning the company to capitalize on the growing renewable energy sector. Such partnerships are indicative of a trend where companies are aligning their strategies with global sustainability goals, thereby enhancing their market relevance.

As of December 2025, the Industrial Pump Market is witnessing trends such as digitalization, sustainability, and AI integration, which are reshaping competitive dynamics. Strategic alliances are increasingly common, as companies seek to enhance their technological capabilities and market presence. The competitive landscape is shifting from price-based competition to a focus on innovation, technology, and supply chain reliability. This evolution suggests that future differentiation will hinge on the ability to adapt to emerging technologies and sustainability imperatives.

Key Companies in the Industrial Pump Market include

Industry Developments

In January 2024: Spx Flow Waukesha Cherry Burrell Brand introduced the Universal 2 and Positive Displacement Pump (U2 N D ) Series to industrial users. It is proposed that this new series will outperform other types of pumps, such as industrial gear, lobe or progressive cavity pumps. 

In March 2023: KSB acquired the technology from Bharat Pumps and Compressors (BP&CL). Pune-located KSB AJN was expecting BP&CL to be a key supplier of centrifugal and reciprocating pumps. After acquiring this technology, KSB SE & Co. KGaA will be in a position to penetrate both the new pump and the aftermarket.

In November 2023: Dxp expanded its portfolio by acquiring waste pump service firm Alliance through cash reserves. Dxp has successfully completed the purchase of Alliance Pump and Mechanical Service Inc. Dxp purchased the Alliance firm, which is a key supplier in the servicing, selling and repairing of municipal and industrial pumps.

Atlas Copco, in August 2022, completed the purchase of Sykes Group Pty Ltd, which is an Australian Securities Exchange. From this acquisition, Atlas Copco has expanded its portfolio as Sykes is a dewatering pump specialist who manufactures pumps for use in the mining as well as wastewater industries.

In July 2022: a very important acquisition of Metasphere was completed by Grundfos Holding A/S, a market leader in smart sewer solutions. As a result, they have expanded their skills and their market in the hydraulics and pumps department. In the same vein, KSB SE & Co. KGaA.

in May 2022, added a further nineteen sizes to its MegaCPK pump family, thus increasing the total number to 55 sizes with over 78 hydraulic systems to choose from and more than 35 sizes anticipated to benefit the company’s business for Infrastructure Application (HDD) Industry.

The Industrial Pump Market is projected to reach USD 399.75 billion by 2032, exhibiting a CAGR of 2.87% during the forecast period (2025-2034). The market growth is attributed to the increasing demand for industrial pumps in various end-use industries, such as oil and gas, chemical processing, water and wastewater treatment, and power generation. 

The rising need for efficient and reliable pumps to handle harsh operating conditions and demanding applications is further driving market expansion. Additionally, government regulations aimed at reducing energy consumption and environmental impact are encouraging the adoption of energy-efficient pumps, contributing to market growth.

Future Outlook

Industrial Pump Market Future Outlook

The Industrial Pump Market is projected to grow at a 2.87% CAGR from 2024 to 2035, driven by increasing demand in water management, energy efficiency, and industrial automation.

New opportunities lie in:

  • Development of smart pumps with IoT integration for real-time monitoring.
  • Expansion into renewable energy sectors with specialized pumping solutions.
  • Creation of customized pump systems for niche industrial applications.

By 2035, the Industrial Pump Market is expected to achieve robust growth, reflecting evolving industry needs.

Market Segmentation

Industrial Pump Market End Use Outlook

  • Manufacturing
  • Construction
  • Mining
  • Power Generation
  • Agriculture

Industrial Pump Market Material Outlook

  • Stainless Steel
  • Cast Iron
  • Plastic
  • Bronze
  • Composite

Industrial Pump Market Pump Type Outlook

  • Centrifugal Pump
  • Positive Displacement Pump
  • Diaphragm Pump
  • Gear Pump
  • Peristaltic Pump

Industrial Pump Market Drive Type Outlook

  • Electric Drive
  • Hydraulic Drive
  • Pneumatic Drive
  • Internal Combustion Engine
  • Solar Drive

Industrial Pump Market Application Outlook

  • Water and Wastewater Treatment
  • Chemical Processing
  • Oil and Gas
  • Food and Beverage
  • Pharmaceutical

Report Scope

MARKET SIZE 2024327.75(USD Billion)
MARKET SIZE 2025337.16(USD Billion)
MARKET SIZE 2035447.52(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)2.87% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Billion
Key Companies ProfiledFlowserve Corporation (US), KSB SE & Co. KGaA (DE), Grundfos Holding A/S (DK), Sulzer Ltd (CH), Xylem Inc. (US), Ebara Corporation (JP), Weir Group PLC (GB), Pentair PLC (IE), SPX Flow, Inc. (US)
Segments CoveredApplication, End Use, Pump Type, Material, Drive Type
Key Market OpportunitiesIntegration of smart technologies enhances efficiency and sustainability in the Industrial Pump Market.
Key Market DynamicsTechnological advancements and regulatory changes drive innovation and competition in the industrial pump market.
Countries CoveredNorth America, Europe, APAC, South America, MEA

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FAQs

What is the market size of the Industrial Pump Market?

The Industrial Pump Market is expected to reach a valuation of 435.03 billion USD by 2034, expanding at a CAGR of 2.87% from its estimated value of 327.75 billion USD in 2024.

Which region holds the largest market share in the Industrial Pump Market?

Asia-Pacific is the dominant region in the Industrial Pump Market, accounting for a significant share due to the presence of major manufacturing hubs and rapid industrialization in countries like China and India.

What are the key growth drivers of the Industrial Pump Market?

The growing demand for efficient and reliable pumps in various industries, such as oil and gas, chemicals, and water treatment, is a major growth driver for the Industrial Pump Market.

Which applications account for the largest share of the Industrial Pump Market?

Water and wastewater treatment applications represent the largest share of the Industrial Pump Market, driven by increasing urbanization and the need for efficient water management systems.

Who are the key competitors in the Industrial Pump Market?

Leading players in the Industrial Pump Market include Grundfos, Xylem, Flowserve, and KSB. These companies offer a wide range of pumps for various industrial applications and have a strong global presence.

What are the major trends shaping the Industrial Pump Market?

The increasing adoption of energy-efficient pumps, the growing popularity of digitalization and automation, and the rising demand for customized pumps are among the key trends shaping the Industrial Pump Market.

What is the expected growth rate of the Industrial Pump Market over the forecast period?

The Industrial Pump Market is projected to register a CAGR of 2.87% from 2023 to 2032, driven by increasing industrialization and infrastructure development worldwide.

Which industry verticals are expected to drive demand for industrial pumps?

The oil and gas, chemical processing, power generation, and mining industries are expected to be key drivers of demand for industrial pumps due to their extensive use in these sectors.

What are the emerging technologies that could impact the Industrial Pump Market?

The integration of IoT and AI technologies, the development of advanced materials, and the adoption of renewable energy sources are some of the emerging technologies that could significantly impact the Industrial Pump Market in the future.

What are the challenges faced by the Industrial Pump Market?

Economic fluctuations, supply chain disruptions, and the stringent regulatory landscape are among the key challenges faced by the Industrial Pump Market.

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