Global Pumps Market Size, Share, and Forecast (2020-2035)
The global pumps market, spanning centrifugal, positive displacement, peristaltic, axial flow, diaphragm, and other pump types, supports key industries including water & wastewater, oil & gas, chemicals, power generation, and food & beverage. With advancements in technology and surging infrastructure investments, the market is set for dynamic growth from 2025 to 2035. Distribution channels encompass direct sales, distributors, e-commerce, retail, and industrial suppliers, with market segmentation by technology, organization size, and region. Driven by industrial automation and sustainability demands, leading players such as Grundfos, Xylem Inc., and Sulzer Ltd are fueling innovation and strategic expansion worldwide.
Understanding the Impact of Tariffs on "Global Pumps".
Latest Market Dynamics
Key Drivers
- Rising investments in water and wastewater infrastructure globally are accelerating demand for advanced pumping solutions. For instance, Xylem Inc. expanded its portfolio in 2024, focusing on sustainable water management technologies, directly supporting smart cities and municipal upgrades.
- Rapid industrialization, especially in emerging economies across the Asia-Pacific, continues to power pump market expansion. Grundfos announced the establishment of a new manufacturing facility in India in early 2024 to address regional demand and enhance supply chain efficiencies.
Key Trends
- The adoption of energy-efficient and smart pump technologies is surging, supported by digital monitoring, automation, and predictive maintenance features. In June 2024, Flowserve Corporation launched a new IoT-enabled pump line, targeting process optimization in chemical and power generation sectors.
- There is a distinct shift towards solar-driven and magnetic-drive pumps as organizations pursue decarbonization and operational cost reductions. Ebara Corporation, in July 2024, introduced a solar-powered pump series tailored for remote agricultural irrigation and off-grid water systems.
Key Opportunities
- Expanding oil and gas exploration activities create significant opportunities for specialized pump manufacturers. In August 2024, Baker Hughes launched a next-generation positive displacement pump catering to onshore and offshore applications.
- Emerging e-commerce and digital sales channels are making pumps more accessible to SMEs globally. Pentair plc enhanced its digital market presence in September 2024, partnering with top B2B e-commerce platforms to reach new industrial buyers.
Key Challenges
- Fluctuating raw material costs and supply chain disruptions continue to pressure pump manufacturers' profitability and operational reliability. For example, Sulzer Ltd highlighted in July 2024 the impact of global logistics constraints on its European and Asian operations.
- Stringent regulatory standards and certification requirements are increasing product development cycles and compliance expenditures. SHIMGE Pump Industry Group, in June 2024, reported extended timeframes for product launches due to evolving environmental regulations.
Key Restraints
- High initial investment costs for advanced pump solutions restrain adoption, particularly among small- and medium-sized enterprises. ITT Inc. revealed in July 2024 that cost remains a leading barrier for SME clients, despite visible long-term ROI.
- Growing market fragmentation and competition from local manufacturers put pressure on global players' market shares and pricing strategies, as seen with regional entrants expanding rapidly in Southeast Asia and Africa.
Global Pumps Market Share (%) by Type, 2025
Centrifugal pumps maintain their leadership in the global market due to their versatility and extensive use across water, wastewater, and industrial segments. Positive displacement pumps follow, leveraging their efficiency in handling viscous fluids. Peristaltic, axial flow, diaphragm, and other pumps collectively address specialized applications. This varied landscape highlights the industry's adaptability to evolving end-user demands and process-specific requirements. Key players focus on technological upgrades, reliability, and sustainability to maintain competitive differentiation and cater to emerging infrastructure projects worldwide.
Global Pumps Market Share (%) by Application, 2025
Water & wastewater management dominates pump applications in 2025, propelled by urbanization, infrastructure investments, and smart city initiatives. Oil & gas accounts for a substantial share due to ongoing exploration, refining, and downstream processing. Chemical, power generation, food & beverage, and other industries also drive growth, amplifying the need for diversified and robust pump solutions. Market leaders are customizing products for critical sectors, with particular focus on digital integration, safety, and reliability improvements, ensuring industry compliance and operational efficiency.
Global Pumps Market Revenue (USD Million), 2020-2035
The global pumps market is poised for consistent revenue growth from 2020 to 2035. Starting at approximately USD 62,500 Million in 2025, the market is forecast to reach USD 95,600 Million by 2035, reflecting a CAGR of about 4.3%. Incremental gains are propelled by infrastructure investments, rising industrialization, and technological innovation. Leading vendors prioritize sustainability, digitalization, and regional market expansion to capture new revenue streams and reinforce their competitive positioning over the forecast period.
Global Pumps Market YOY Growth (%), 2020-2035
Year-over-year (YOY) growth rates in the global pumps market oscillate between 3.7% and 4.5% through the forecast period. The highest surge is expected around 2026-2028, driven by major infrastructure projects and increasing adoption of energy-efficient pump technologies. While growth moderates in mature markets, rapid urbanization and industrial expansion in APAC and Middle East & Africa continue to support overall market trajectory. Market players are adapting product portfolios and go-to-market strategies to synchronize with evolving YOY growth patterns.
Global Pumps Market Share (%) by Region, 2025
Asia-Pacific leads the pumps market Regional share in 2025, accounting for almost half the market, driven by intensive industrialization and vast infrastructure projects in China, India, and Southeast Asia. North America follows, underpinned by advancements in water management and oil & gas expansion. Europe continues to exhibit robust demand owing to chemical, waste management, and manufacturing activities. Latin America, Middle East & Africa are emerging as lucrative regions as urbanization rates burgeon and governments prioritize clean water initiatives.
Global Pumps Market Players Share (%), 2025
The global pumps market is characterized by a moderately concentrated competitive landscape. Grundfos leads the market with a 13% share, closely followed by Xylem Inc. and Sulzer Ltd. The remaining market portion is distributed among established regional and international players, including Flowserve, KSB, Wilo, ITT, and Ebara. Continuous technological innovation, strategic mergers & acquisitions, and expansion into emerging markets represent core strategies employed by these industry leaders to retain and grow their market positions.
Global Pumps Market Buyers Share (%), 2025
Industrial buyers, including large utilities and process industries, constitute the largest share of the pumps market in 2025, making up 56% of purchases. SME (small and medium enterprise) buyers represent a growing segment with 28%, driven by digitized procurement and new e-commerce access. Municipal and agricultural buyers, driven by clean water needs and irrigation system upgrades, comprise the remainder. The evolving buyer landscape compels vendors to optimize product ranges, distribution strategies, and aftersales support.
Study Coverage
| Metrics | Details |
|---|
| Years | 2020-2035 |
| Base Year | 2025 |
| Market Size | Revenue (USD Million) |
| Regions | North America, Europe, APAC, South America, Middle East, Africa |
| Segments | By Type (Centrifugal Pumps, Positive Displacement Pumps, Peristaltic Pumps, Axial Flow Pumps, Diaphragm Pumps, Others), By Application (Water & Wastewater, Oil & Gas, Chemicals, Power Generation, Food & Beverage, Others), By Distribution Channels (Direct Sales, Distributors, E-commerce, Retail, Industrial Suppliers, Others), By Technology (Electric-driven, Hydraulic-driven, Air-driven, Solar-driven, Magnetic-drive, Others), By Organization Size (Small, Medium, Large) |
| Players | Grundfos, Xylem Inc., Sulzer Ltd, Flowserve Corporation, KSB SE & Co. KGaA, Wilo SE, ITT Inc., Ebara Corporation, SPX FLOW, Inc., The Weir Group PLC, Pentair plc, Baker Hughes Company, SHIMGE Pump Industry Group Co., Ltd., Tsurumi Manufacturing Co., Ltd., CRI Pumps Pvt. Ltd. |
Key Recent Developments
- June 03, 2024: Grundfos announced the launch of a state-of-the-art digital energy-efficient pump series for industrial water and wastewater applications.
- July 15, 2024: Xylem Inc. acquired a leading smart water technology startup, enhancing its digital monitoring and analytics capabilities.
- August 09, 2024: Baker Hughes unveiled a new range of high-pressure positive displacement pumps for oil & gas operations.
- September 02, 2024: Pentair plc partnered with Asia's largest B2B e-commerce platform to expand channel reach in the Asia-Pacific market.
- July 23, 2024: Sulzer Ltd announced investment in a new European manufacturing facility to support growing regional demand.
