# Pumps Market

> Pumps Market Size, Share & Growth Analysis Report By Type (Positive Displacement and Dynamic), By End-User (Oil & Gas, Water & Wastewater, Power Generation, Chemicals, Pharmaceutical, Food & Beverage and Others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Trends & Industry Forecast to 2035

- **Forecast Period:** 2024-2035
- **CAGR:** 3.72%
- **2024:** $ 52.51 Billion
- **2025:** $ 54.46 Billion
- **2035:** $ 78.48 Billion
- **Key Players:** Major players include Grundfos (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).

**Report ID:** MRFR/EnP/5954-HCR · **Pages:** 111 · **Author:** Priya Nagrale · **Last Updated:** June 27, 2026

**URL:** https://www.marketresearchfuture.com/reports/pumps-market-7423

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## Market Summary

As per Market Research Future Analysis, the Global Pumps market was valued at USD 52.51 billion in 2024 and is projected to grow to USD 78.48 billion by 2035, with a CAGR of 3.72% from 2025 to 2035. The growth is driven by the expanding building and construction, food and beverage industries, and increasing demand for water and wastewater treatment facilities, particularly in regions facing water scarcity like China and India. The positive displacement segment leads the market, supported by its demand in the oil and gas industry. North America accounted for USD 52.51 billion in 2024, with significant growth expected due to increased construction activity and technological advancements.

## Market Drivers

### Industrial Growth and Automation

The Global Pumps Market Industry is likely to benefit from the ongoing industrial growth and the increasing trend towards automation across various sectors. Industries such as oil and gas, chemicals, and food and beverage are integrating advanced pumping solutions to enhance operational efficiency. The adoption of automated systems not only reduces labor costs but also improves precision in fluid handling. As industries expand, the demand for specialized pumps tailored to specific applications is expected to rise. This trend aligns with the projected growth of the market, which is anticipated to reach 84.6 USD Billion by 2035, reflecting a compound annual growth rate of 4.43% from 2025 to 2035.

### Growing Focus on Renewable Energy

The Global Pumps Market Industry is poised to benefit from the growing focus on renewable energy sources. As countries strive to transition towards sustainable energy systems, the demand for pumps in applications such as geothermal energy, [hydropower](https://www.marketresearchfuture.com/reports/hydropower-market-4368), and bioenergy is likely to increase. These applications require specialized pumping solutions that can handle varying fluid characteristics and operational conditions. The shift towards renewable energy is expected to create new opportunities for pump manufacturers, contributing to the overall growth of the market. This trend aligns with the broader global movement towards sustainability and energy independence.

### Regulatory Support for Energy Efficiency

The Global Pumps Market Industry is influenced by regulatory frameworks that promote energy efficiency and environmental sustainability. Governments are implementing stringent regulations aimed at reducing energy consumption and greenhouse gas emissions, which in turn encourages the adoption of energy-efficient pump technologies. For instance, initiatives like the Energy Star program in various countries incentivize manufacturers to produce pumps that meet specific energy efficiency criteria. This regulatory support not only fosters innovation but also drives market growth as industries seek to comply with these regulations while optimizing operational costs.

### Technological Advancements in Pump Design

Technological advancements play a pivotal role in shaping the Global Pumps Market Industry. Innovations such as smart pumps equipped with IoT capabilities are revolutionizing the way pumps operate, allowing for real-time monitoring and predictive maintenance. These advancements not only enhance efficiency but also reduce energy consumption, aligning with global sustainability goals. For example, energy-efficient pumps can lead to significant cost savings for end-users, thereby driving adoption. As industries increasingly prioritize sustainability, the demand for technologically advanced pumps is expected to grow, further propelling the market forward.

### Rising Demand in Water and Wastewater Management

The Global Pumps Market Industry experiences a notable surge in demand driven by the increasing need for efficient water and wastewater management systems. Governments worldwide are investing in infrastructure projects aimed at improving water supply and sanitation. For instance, the United Nations has emphasized the importance of sustainable water management, which has led to enhanced funding for pump systems. This trend is expected to contribute significantly to the market, with projections indicating a market size of 52.5 USD Billion in 2024. As urban populations grow, the necessity for reliable pumping solutions becomes more pronounced, thereby bolstering the Global Pumps Market Industry.

## Future Outlook

The global pumps market is projected to grow at a 3.70% CAGR from 2025 to 2035, driven by industrial automation, water management needs, and energy efficiency innovations.

**New opportunities:**

- Invest in smart pump technologies to enhance operational efficiency and predictive maintenance. Expand product lines to include eco-friendly pumps catering to sustainability trends. Leverage digital platforms for remote monitoring and control solutions in pump operations.

By 2035, the global pumps market is expected to achieve robust growth, reflecting evolving industrial demands and technological advancements.

## Segment Insights

### Pumps Market Type Insights

The Pumps Market segmentation, based on type, includes positive displacement and dynamic. The positive displacement segment held the majority share in 2021 in respect to the Pumps Market revenue. Their effective low-speed operation and constant flow rates are responsible for this. Additionally, the positive displacement pumps' demand in the oil and gas industry is anticipated to support segment growth.

Figure 2: Pumps Market, by Type, 2021 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

### Pumps Market End-Users Insights

The Pumps Market segmentation, based on end-users, includes oil & gas, water & wastewater, power generation, chemicals, pharmaceuticals, food & beverage and others. The water & wastewater segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2022-2030. 

The growing need for pumps stations in wastewater treatment facilities where gravity flow is impractical, combined with high flow rate deliverability and high transmission velocity, is projected to accelerate market expansion. Hence, it positively impacts the market growth.

On the other hand, the oil & gas category maintained a sizable share during the forecasted time. Shale gas is expected to be used more frequently in the manufacturing and energy sectors. There will be a rise in shale gas exploration operations due to technological developments like horizontal and hydraulic drilling.

## Regional Market Share Analysis

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America pumps market accounted for USD 20.1 billion in 2021 and is expected to exhibit a significant CAGR growth. The industrial and commercial construction markets in North America are experiencing a major uptick in building activity, and this activity is expected to continue growing. Additionally, it is anticipated that increased installation of independent power plants and technology advancements will fuel product demand in North America during the course of the forecast period.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

**Figure 3: Pumps Market Share By Region 2021 (%)**

Asia Pacific pumps market accounts for the second-largest market share. Due to the Asia Pacific region's growing economies' quick industrialization and rising investment in manufacturing, commercial, and industrial projects, the regional market has grown overall. 

Additionally, it is projected that greater product penetration in a variety of end-use industries, such as petrochemical and agriculture, will support market expansion. Further, the China pumps market held the largest market share, and the India pumps market was the fastest growing market in the European region

Europe America pumps Market is expected to grow at the fastest CAGR from 2022 to 2030. Over the projected period, it is anticipated that increasing offshore exploration and production operations in Europe will boost demand for pumps. The demand for water treatment in the municipal and industrial sectors is predicted to rise significantly as a result of strict laws meant to prevent residential water pollution. Moreover, Germany pumps market held the largest market share, and the UK pumps market was the fastest growing market in the North American region.

## Competitive Benchmarking

Major market players are spending a lot of money on R&D to increase their product lines, which will help the pumps market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the pumps industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.
One of the primary business strategies adopted by manufacturers in the global pumps industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, pumps industry has provided medicine with some of the most significant benefits. 
The pumps market major player such as 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).
A international engineering firm with its Scottish headquarters in Glasgow is called The Weir Group plc. As an engineering firm, the business was founded in 1871.
In February three Lewis pumps were introduced by Weir Mineral: the Horizontal Process Pump, Axial Pump, and Vertical High-Pressure Molten Salt Pump. 
Due to fluctuating raw material prices, broken supply chains, and bad cash flows, several manufacturers were forced to incur losses as a result of the epidemic. This increased the rate of industry mergers and acquisitions, with players like Ingersoll Rand and Grundfos leading the way.
Manufacturing firm situated in Tokyo, Japan called Ebara Corporation produces industrial and environmental machinery such pumps and turbines. In 2018, Ebara Corporation merged Ebara Indstrias Mecânicas e Comércio Ltda (EIMCO) with its fully-owned manufacturer, Thebe Bombas Hidráulicas Ltda, to create "Ebara Bombas América do Sul Ltda" (EBAS).

## Recent News & Developments

**June 2021:**The Jabsco rotary lobe pump product line was purchased from Xylem by the Verder Group, a Dutch firm that produces and distributes pumps and laboratory equipment. Verder's group offering in the pharmaceutical and food & beverage markets is anticipated to improve as a result of the acquisition.

**April 2021:**For a cash payment of USD 470 million, IDEX Corporation reached a definitive agreement to buy investment funds managed by EagleTree Capital's Airtech Group Inc., US Valve Corporation, and affiliated entities. Positive displacement vacuum pumps, regenerative blowers, compressor systems, and valves are just a few of the engineered pressure technology products that Airtech makes and designs.

**May 2024**

Rheinmetall's plug-and-play heat pump system has received two new orders, extending its electromobility business into new markets. The first order is a high-single-digit million euro deal from an international electric bus conversion specialist, while the second is from a German off-road electric vehicle expert.

After launching the heat pump module for electrifying drive systems in commercial vehicles, construction machines, and boats, these two new orders reflect the Group's marketing and positioning strategy's next step. The clever cooling and heating control of the heat pump pre-filled with R1234yf optimizes vehicle range, battery life, and driving comfort. Customers are receiving heat pumps with a five-year warranty for the first order and a seven-year warranty for the second.

A thorough examination of the base vehicle and operator operating cycles is underway by the first client to convert conventional buses to electric drives. Modeling and simulating a conceptual powertrain starts with this. The drive compartment is extensively scanned for CAD and digitized to create an engine compartment-specific electrical e-drive platform after removing the diesel unit and all related components.

Series manufacture of the second new customer's off-road electric vehicle has begun. The creators, who have competed in off-road racing like the Dakar Rally, have created a modular mining vehicle that can be used globally, even in impoverished nations. The customer's basic vehicle design prioritizes material recyclability and degradability for sustainable manufacture and a circular life cycle. 

The heat pump optimizes vehicle battery temperature regulation for a 72.5 kWh lithium iron phosphate (LFP) battery. The system voltage may be adjusted to 850 V (HV3) if needed from 450 V (HV2). Design's maximum cooling capacity is 8 kW.

Due to the increasingly complicated thermal management of current electric cars, regardless of application, the number of coolant and refrigerant circuit components and connections is expanding quickly. Rheinmetall's innovative energy recovery system's compact form saves installation space. For 400- and 800-volt applications, the system solution provides 8 kW nominal cooling capacity and 11 kW heating power.

## Report Scope

| Report Attribute/Metric | Details |
| --- | --- |
| Market Size 2024 | USD 52.51 billion |
| Market Size 2035 | 78.48 (Value (USD Billion)) |
| Compound Annual Growth Rate (CAGR) | 3.72% (2025 - 2035) |
| Base Year | 2024 |
| Market Forecast Period | 2025 - 2035 |
| Historical Data | 2018 & 2020 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, End-User and Region |
| Geographies Covered | North America, Europe, Asia Pacific, and Rest of the World |
| Countries Covered | The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | 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 | Expansion of Building and construction |
| Key Market Dynamics | Increased demand for water and wastewater treatment Expansion of food and beverage industries |
| Market Size 2025 | 54.46 (Value (USD Billion)) |

## Frequently Asked Questions

**Q: How much is the pumps market?**
A: The Pumps Market size was valued at USD 50.15 Billion in 2023.

**Q: What is the growth rate of the pumps market?**
A: The global market is projected to grow at a CAGR of 3.7% during the forecast period, 2024-2032.

**Q: What is the key factor of the impeller that affects the performance?**
A: 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.

**Q: What are the benefits of solar pumps?**
A: The operational costs and management costs are minimal and reduction in electricity bills is some of the key benefits of installing solar pumps.

**Q: Which region held the largest market share in the pumps market?**
A: North America had the largest share in the global market.

**Q: Who are the key players in the pumps market?**
A: The key players in the market are 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).

**Q: Which type led the pumps market?**
A: The positive displacement category dominated the market in 2021.

**Q: Which end-user had the largest market share in the pumps market?**
A: The water and wastewater had the largest share in the global market.


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