Pumps Market Research Report – Global Forecast till 2027

Pumps Market Research Report: Information by Type (Positive Displacement and Dynamic), End-User (Oil & Gas, Water & Wastewater, Power Generation, Chemicals, Pharmaceutical, Food & Beverage, and Others), and Region – Global Forecast till 2027

ID: MRFR/E&P/5954-HCR | February 2021 | Region: Global | 111 pages

Pumps Market Overview:


A Pump is used to move liquids and gases and plays a vital part in industries for water supply and other liquid flow operations. Automotive industries utilize pumps for carrying cooling agents, injecting fuels, and similar other purposes. Among several other industries, Pump industries are one of the most matured markets is expected to grow at a steady rate as it possesses varied end-user applications. Pumps are highly utilized in agriculture, pharmaceutical, chemical, and several other industries.


Rising investment in upgrading infrastructure and other essential activities such as wastewater treatment, power generation make the Pumps highly imperative. Also, the number of end-user applications is increasing in recent years; the global Pumps market value is expected to resonate with the gradual growth of the oil and gas industry. To move fluid or to perform kinetic energy, pumps consume energy which can be Electricity, engines, wind power, manual operation, and several other energy sources, especially in industries. The recent exports have increased the overall Pumps Market Value as India exports for industrial activities to the countries including US, Germany that share about 14% and 12% respectively.


COVID 19 Analysis:


Value chain disturbance and logistics issues:


The pandemic has affected several industries and reduced the speed in the production and supply lines. Governments of the countries have imposed lockdown and restricted movement to control the pandemic. Therefore the majority of end-users have lost a significant percentage of revenue in recent years due to low demand.


New technologies to combat issues raised due to pandemic:



  • Remotely operating technologies:


As there are travel restrictions in many parts of the world, the Pump industry was looking to address the service-related issues raised as service teams are unable to reach locations. Hence a leading Pump monitoring system has introduced the technology that enables the user to monitor the pump parameters and measure the analytical field and transmit the data via a web portal and an interactive mobile app. This technology is expected to drive the market even post-Covid which could significantly reduce the transportation costs and manpower.



  • Automated Flushing – to prevent stagnant water:


As several public places are under lockdown, the drinking water in the pipes remains closed for several months. This has made the water stagnant in the pipelines which has led the water to remain stagnant. This could lead to loss of chlorine, sediment buildup, bacterial growth, and aging of water which could affect the taste, smell, or color of the water. Even the growth of biofilm in the water lines is also possible. Technologies like Hydro-guard industrial flushing systems and automated flushing systems push the water at a high velocity. The automated system utilizes less water to flush the lines frequently. This reduces the operational costs very well.


Market dynamics:


Market drivers:


Increased water conservation and wastewater treatment:


Several countries across the globe are suffering from water scarcity. Over 2 billion people across the globe are already living in regions where the water supply is below par. It is estimated that over half of the world’s population could be living in water-scarce areas by 2025. Such estimates and growing awareness towards conserving water have stimulated the water treatment process in industries which has fueled the Pumps Market growth. 


Industrial demand:


Increased industrial activities and renovation of infrastructure have also aided the Pumps Market growth. Especially, the rapid growth of chemical industries across the globe has increased the demand for Pumps. The recent innovation of corrosion-resistant pumps has increased the utilization of pumps in chemical transfer systems. With the help of these pumps, chemicals like Sulfuric acid, sodium hydrochloride can be transferred without much effort. Additionally, Leak detection pressure switches that ensure safety during chemical operations are novel innovations that aided the Pumps Market growth in recent years.


Market Opportunities:


Increased industrial development and strategies to improve industrial growth:


Several developing countries like India are actively looking for international partnerships to enter into foreign markets. Especially India is encouraging technological development and upgrading its small scale industries to enter high-tech regions like aerospace and defense by fund supporting. Also, many small Pump manufacturers are actively providing pricing offers that are quality alternatives to the costly pumps available in the market. Such acquisitions and efforts have increased the Pumps Market Value in recent years.


Increased awareness to produce energy-efficient products:


In the countries like Europe, Asia, Northern America, Energy-efficient products possess higher value. Additionally, governments of those countries have imposed stringent government regulations to produce energy-efficient products in all sectors. The government of India has informed subsidized electricity on using the solar water pumps. Such announcement across the nation has encouraged the farmers and agriculturalists to install irrigation facilities. Such factors are considered as the key drivers of the Pumps industry. 


Market restraints:


Pumps Market value will get affected whenever there is a decline in its end-users market value. Currently, the major market share is held by the agricultural sector, it is severely affected in recent years due to the monsoons, heavy rains. Such unexpected heavy losses in the agricultural sector have reduced the Pumps Market value.


Unexpected rise in the raw materials and providing maximum seal arrangement in the multiphase pumps are considered as the key market restraint in the Pumps Industry. Unscheduled maintenance requirements in the industrial plants, failure of mechanical seals and bearing, Pump fire occurrence are some of the major market restraints.  


Market challenges:


The advent of Chinese Players that offer cheaper Pumps has become the major challenge for several major market players. Chinese workers are capable of work for more hours at a cheaper rate; hence other foreign countries are unable to manufacture the quality pumps at a considerable rate.


The majority of the market players are actively involved in improving the operational life of the modern-day pumps rather than working on the new products, this has significantly affected the sales of the components as well.


The chemical attacks and regular flow of chemicals through the pumps readily reduce the lifespan of the pumps. Pumps are very often thrown away as they offer a very low lifespan. This has increased the operational, installation costs. As the chemical industry is one of the significant end-user industries of the Pumps market, such factors are considered as the major challenge in the Pumps Market growth.


The chemical attacks and regular flow of chemicals through the pumps readily reduce the lifespan of the pumps. Pumps are very often thrown away as they offer a very low lifespan. This has increased the operational, installation costs. As the chemical industry is one of the significant end-user industries of the Pumps market, such factors are considered as the major challenge in the Pumps Market growth.


Cumulative growth analysis:


As the demand for freshwater is rapidly increasing with the growing population and industrialization and urbanization, the Pumps Market growth is also increasing. Additionally, governments of developing countries have started to focus on developing the modern irrigation system this factor has stimulated the Pumps Market growth in recent years.


The global Pumps Market was valued at USD 40 Billion in the year 2019 and is anticipated to surpass over USD 61 Billion by the year 2029. As the power generation, mining, pulp, and paper industries are growing across the globe. As the demand for crude oil is rapidly increasing in recent years, the oil and gas segment is anticipated to expand registering a CAGR of 3.6%, thereby driving the demand for industrial pumps. Additionally, the power generation sector is also experiencing fast-paced growth in recent years as the global population increases, the hospital; medical centers are also in demand of uninterrupted power supply. The varied utilization of pumps likes circulating water, boiler feedwater, desulfurization, condensation, etc constantly stimulate the Pumps Industrial growth.


Value Chain Analysis:


The Submersible pumps are more likely used in irrigation, drainage, and general industrial activities. The Submersible Pumps segment is expected to surpass over USD 31 billion by the year 2027. These pumps are powered by electrical energy and are named Electrical Submersible Pumps which utilizes direct pressure through a pipe to get the fluid out.


Engine-driven pumps utilize Petrol or diesel as fuel which is expected to be registering 2.6% CAGR by 2027. They are installed in industrial sectors for their specific power and pressure that enables the safe transportation of fluids and chemicals. The lightweight Engine-driven Pumps are utilized for carrying water. The varied types of pumps are utilized in specific industrial sectors and applications. Among other types, the heavy-duty centrifugal Pump segment is expected to hold the largest market as it offers a long service period, higher wear-resistant capacity, higher flow rate capacity, and is highly efficient as well. The rapid growth of urbanization, industrialization and other commercial activities related to conserving water has increased the Pump Market Value.


Segment overview:


Based on Type:



  • Portable

  • Stationary


Based on Position:



  • Submersible

  • Non-submersible


Based on Driving Force:



  • Engine-Driven

  • Electric-Driven


Based on Technology:



  • Dynamic Pumps 




    • Centrifugal

    • Others




  • Positive Displacement Pump

  • Rotary

  • Gear

  • Vane

  • Screw

  • Others



  • Reciprocating  

  • Diaphragm

  • Piston/Plunger 


Based on End User:



  • Mining

  • Building & construction

  • Oil & Gas

  • General industries

  • Water & wastewater treatment

  • Chemicals

  • Power generation


Regional analysis:


Rapid infrastructural development has stimulated the growth of the Pump industry in the US. The nation’s rail system is moving over 40% of the nation’s goods and requires more than USD 30 Billion in the future. Additionally, the water, wastewater treatment, and energy conservation systems require more than USD 632 billion investment to carry out operations in the upcoming years. Also, the nation aims to renovate the existing water treatment facilities in old residential and commercial complexes. Therefore such increasing infrastructural development across the nation is expected to attribute the Pump market growth.


Asia –pacific is actively involved in developing their countries and accounts for about 46% in the year 2019 and is expected to hold a larger market in the forecast period. The advent of infrastructural development schemes has boosted the water treatment activities, construction sector, power generation activities in the countries like China, India, Brazil. Such factors have attributed to the Pump Market growth.


The Government of Europe has imposed stringent laws and regulations to minimize water pollution in the country. The EU Water Framework Directive published its framework that supports the activities that protect the inland surface water, transitional waters, coastal waters, and groundwater. The country is also focusing on producing only environmentally friendly products. Such factors have increased the Pump Market Value. The country has also increased its investment in the oil and gas industry as there is a rising demand for energy fuels. This aspect has potentially augmented the Pumps market value in recent years.


Competitive landscape:



  • Grundfos Pump Corp.

  • Xylem, Inc.

  • Ingersoll-Rand PLC

  • Flowserve Corp.

  • SPX Flow, Inc.

  • KSB SE & Co. KGaA

  • Sulzer Ltd.

  • Pentair PLC

  • Iwaki America, Inc.

  • ITT, Inc.

  • Schlumberger Ltd.


Recent developments:



  • Centrifugal pumps generally transport fluid by rotational kinetic energy. The fluid is accelerated by the impeller at once it enters the rotating axis. The novel invention of the system with the reverse turbine mode has increased the efficiency of the pump by 10% and performance by 30%. This upgraded technology has been widely utilized by several market players across the globe.

  • The intelligent pump systems come with VFD and sensors that are capable of collecting the pump parameters and are capable of preventing potential failures beforehand. Their capability in energy-saving aspect has increased about 20%.

  • Pumps embedded with artificial intelligence are capable of operating with optimal energy at each lift station and capable of self-cleaning whenever the pumps experience a risk of clogging. The sensors are distributed throughout the pump line network to detect clogging.


Segmentation Table:


Based on Type:



  • Portable

  • Stationary


Based on Position:



  • Submersible

  • Non-submersible


Based on Driving Force:



  • Engine-Driven

  • Electric-Driven


Based on Technology:



  • Dynamic Pumps 

  • Centrifugal

  • Others 



  • Positive Displacement Pump

  • Rotary

  • Gear

  • Vane

  • Screw

  • Others



  • Reciprocating  

  • Diaphragm

  • Piston/Plunger


Based on End User:



  • Mining

  • Building & construction

  • Oil & Gas

  • General industries

  • Water & wastewater treatment

  • Chemicals

  • Power generation



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: USD 131.93 billion
  CAGR   4.70% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units    Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type and End-User
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Rundfos (Denmark), Sulzer (Switzerland), Flowserve (US), ITT Corporation (US), Danfoss (Denmark), Ingersoll-Rand (Ireland), The Weir Group (UK), Ebara Corp (Japan), KSB (Germany), Schlumberger (US), Nikkiso Co Ltd (Japan), Wilo AG (Germany), and Roper Industries (US)
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers   Growing investments in water & wastewater and infrastructure industry


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Frequently Asked Questions (FAQ) :


Helico-axial, Twin screw, Progressive cavity, electric submersible are the key types of multiphase pumps.

Open impeller, semi-open impeller, closed impeller, vortex impeller, cutter impeller.

The diameter of the impeller is the key factor that affects the performance, The larger diameter of the impeller could offer higher circumferential speed as output and the heavier flow is produced.

The operational costs and management costs are minimal and reduction in electricity bills is some of the key benefits of installing solar pumps.