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South Korea Pumps Market
ID: MRFR/EnP/53940-HCR
200 Pages
June 2025
South Korea Pumps Market Research Report: By Type (Positive Displacement, Dynamic) andBy End User (Oil & Gas, Water & Wastewater, Power Generation, Chemicals, Pharmaceutical, Food & Beverage, Others)- Forecast to 2035
Industry Developments
The South Korea Pumps Market has been experiencing significant developments in recent months. Companies like Doosan Corporation and LG Chem are focusing on advancing their pump technologies to enhance operational efficiency and reduce energy consumption. In September 2023, Yamato Scientific unveiled a new line of laboratory pumps aimed at supporting the growing demand in the scientific research sector. Grundfos and Xylem reported increased investments in the region to boost water management solutions, emphasizing sustainable practices aligned with government initiatives to improve water infrastructure. In the consolidation front, KSB Korea in August 2023 announced an acquisition of a smaller player in the market to broaden its product portfolio and market reach. Ebara Corporation has been actively expanding its production capabilities in South Korea to meet the rising demand for industrial pumps. The overall valuation of the South Korea Pumps Market is forecasted to witness considerable growth, reflecting increased investments and advancements in technology, with major players such as Flowserve and Pentair leading the charge. Recent government policies supporting green technologies are further expected to foster innovation within the industry, contributing positively to market dynamics.
Report Scope
Report Scope:
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2018 | 2.01(USD Billion) |
| MARKET SIZE 2024 | 2.1(USD Billion) |
| MARKET SIZE 2035 | 3.5(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 4.753% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Doosan Corporation, Yamato Scientific, Grundfos, Xylem, KSB Korea, Sundyne, Ebara Corporation, SPX Flow, Honeywell, LG Chem, Pentair, Samsung Heavy Industries, Hyosung Heavy Industries, Schneider Electric, Flowserve |
| SEGMENTS COVERED | Type, End User |
| KEY MARKET OPPORTUNITIES | Industrial automation expansion, Water management initiatives, Renewable energy sector growth, Smart pump technology adoption, Sustainable solutions demand |
| KEY MARKET DYNAMICS | technological advancements, increasing industrialization, growing water & wastewater management, surging demand for energy efficiency, rising environmental regulations |
| COUNTRIES COVERED | South Korea |
FAQs
What is the expected market size of the South Korea Pumps Market in 2024?
The South Korea Pumps Market is expected to be valued at 2.1 billion USD in 2024.
How much is the South Korea Pumps Market projected to grow by 2035?
By 2035, the South Korea Pumps Market is projected to reach a valuation of 3.5 billion USD.
What is the expected compound annual growth rate (CAGR) for the South Korea Pumps Market from 2025 to 2035?
The expected CAGR for the South Korea Pumps Market from 2025 to 2035 is 4.753 percent.
Which segment of the South Korea Pumps Market has a higher value in 2024, Positive Displacement or Dynamic?
In 2024, the Dynamic segment holds a higher value of 1.2 billion USD compared to the Positive Displacement segment, which is valued at 0.9 billion USD.
What will be the market value of the Positive Displacement segment by 2035?
The Positive Displacement segment is expected to reach a market value of 1.5 billion USD by 2035.
What will be the expected market value of the Dynamic segment by 2035?
The Dynamic segment is projected to grow to 2.0 billion USD by 2035.
Who are some of the key players in the South Korea Pumps Market?
Key players in the South Korea Pumps Market include Doosan Corporation, Grundfos, and Ebara Corporation, among others.
What are the main applications driving growth in the South Korea Pumps Market?
The main applications driving growth in the South Korea Pumps Market include industrial processes, water supply, and wastewater management.
How have emerging trends impacted the South Korea Pumps Market recently?
Emerging trends such as automation and energy-efficient technologies are positively impacting growth within the South Korea Pumps Market.
What challenges might impact the South Korea Pumps Market in the coming years?
Challenges such as fluctuating raw material prices and regulatory constraints may impact the South Korea Pumps Market in the coming years.
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