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Add to CartIndustrial Pumps Market
By Product;
Centrifugal Pump, Positive Displacement Pump, and OthersBy Position;
Submersible and Non-SubmersibleBy Driving Force;
Engine Driven and Electrical DrivenBy Application;
Oil & Gas, Chemicals, Construction, Power, Water & Wastewater, and OthersBy Distribution Channel;
Online and OfflineBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)Industrial Pump Market Overview
Industrial Pump Market (USD Million)
Industrial Pump Market was valued at USD 67,398.61 million in the year 2024. The size of this market is expected to increase to USD 91,720.19 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.5%.
Industrial Pumps Market
*Market size in USD million
CAGR 4.5 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 4.5 % |
| Market Size (2024) | USD 67,398.61 Million |
| Market Size (2031) | USD 91,720.19 Million |
| Market Concentration | High |
| Report Pages | 355 |
Major Players
- AR North America
- Colfax Corporation
- Global Pump
- GRUNDFOS
- Haight Pumps
- ITT INC.
- Iwaki America Inc.
- Franklin Electric
- Roper Technologies, Inc.
- Sulzer Ltd.
- Flowserve Corporation
- Vaughan Company
- SPX FLOW
- HERMETIC-Pumpen GmbH
- SEKO S.p.A
- DESMI A/S
- SUMMIT PUMP, Inc.
- SPECK Pumpen Verkaufsgesellschaft GmbH
- KRACHT Corp.
- Klaus Union.
- CP Pumpen AG
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Industrial Pumps Market
Fragmented - Highly competitive market without dominant players
The Industrial Pump Market has emerged as a crucial driver in manufacturing, energy, and processing industries. With growing demand for efficient fluid handling systems, the industry is experiencing consistent expansion. Recent data indicates that over 60% of facilities have increased reliance on advanced pumping solutions to optimize production processes and reduce operational risks.
Demand Drivers
The surge in industrial applications, from chemicals to water treatment, has significantly boosted pump adoption. More than 55% of industries highlight energy efficiency as the key factor in pump selection. This rising preference for technologically advanced pumps reflects the shift toward sustainability and cost-effective operations.
Operational Benefits
Industrial pumps ensure seamless handling of fluids in demanding conditions. Studies reveal that nearly 65% of companies reported reduced maintenance costs after switching to upgraded pump models. Their ability to deliver consistent performance under high pressure has positioned them as indispensable assets in industrial operations.
Future Outlook
The market is expected to witness steady momentum due to the growing focus on productivity and sustainability. Around 68% of industry professionals believe investments in smart and energy-efficient pumping solutions will dominate future developments. This sustained demand underscores the role of industrial pumps as strategic enablers of efficiency and reliability.
Industrial Pump Market Recent Developments
- In January 2024, SPX FLOW's Waukesha Cherry-Burrell brand launched the Universal 2 ND Positive Displacement Pump (U2 ND) Series for industrial users.
- In March 2023, KSB SE & Co. KGaA announced the acquisition of technology from Bharat Pumps and Compressors (BP&CL). BP&CL is an important manufacturer of centrifugal pumps and reciprocating pumps. With this new technology acquisition, KSB SE &Co. KGaA is likely to expand its product line in both the new pump and aftermarket markets.
Industrial Pump Market Segment Analysis
In this report, The Industrial Pump Market has been segmented by Product, Application, Distribution Channel and Geography.
Industrial Pump Market, Segmentation by Product
The Industrial Pump Market has been segmented by Product into Centrifugal Pumps, Positive Displacement Pumps and Others.
Centrifugal Pumps
Centrifugal pumps dominate the market with nearly 65% share. They are widely used in water treatment, chemical processing, and oil & gas industries due to their efficiency, low maintenance, and cost-effectiveness.
Positive Displacement Pumps
Positive displacement pumps account for around 25%. These are essential in food & beverages, pharmaceuticals, and chemical applications where precise flow control and the ability to handle viscous fluids are required.
Others
The remaining 10% share is contributed by other pump types, including axial flow and mixed flow pumps. They are mainly applied in power generation, irrigation, and specialized infrastructure projects.
Industrial Pump Market, Segmentation by Position
The Industrial Pump Market has been segmented by Position into Submersible and Non-Submersible
Submersible
Submersible pumps contribute nearly 55% of the market. They are widely applied in wastewater treatment, mining, and oil & gas operations due to their efficiency and ability to function fully immersed in fluids.
Non-Submersible
Non-submersible pumps hold about 45% share. These are commonly used in agriculture, construction, and industrial processes where easy maintenance, cost benefits, and above-ground installation are key advantages.
Industrial Pump Market, Segmentation by Driving Force
The Industrial Pump Market has been segmented by Driving Force Engine Driven and Electrical Driven
Engine Driven
Engine driven pumps account for nearly 35% of the Industrial Pump Market, widely used in remote locations and emergency situations. Strong applications in oil & gas, construction, and mining industries continue to support steady demand.
Electrical Driven
Electrical driven pumps dominate with about 65% share, driven by their energy efficiency, automation compatibility, and lower operational costs. They are extensively used in manufacturing, water treatment, and HVAC systems, ensuring sustainable market growth.
Industrial Pump Market, Segmentation by Application
The Industrial Pump Market has been segmented by application into Oil & Gas, Chemicals, Construction, Power, Water & Wastewater and Others.
Engine Driven
Engine driven pumps account for nearly 40% of the market. They are widely used in construction, oil & gas, and remote locations where electricity is not reliable. Their portability and durability make them vital for heavy-duty operations.
Electrical Driven
Electrical driven pumps dominate with about 60% share. These pumps are preferred for their energy efficiency, lower operating cost, and eco-friendly performance. They are extensively applied in municipal services, agriculture, and industrial operations with steady power supply.
Industrial Pump Market, Segmentation by Distribution Channel
The Industrial Pump Market has been segmented by Distribution Channel into Online and Offline.
Online
Online distribution accounts for nearly 35% of the Industrial Pump Market. The rise of digital platforms, faster logistics, and improved e-commerce accessibility have boosted its growth. This channel is particularly effective for SMEs seeking cost efficiency and wider reach.
Offline
Offline distribution continues to dominate with about 65% share. Traditional networks such as dealers, distributors, and direct company sales remain highly preferred for large-scale industrial projects. Strong after-sales support and trusted product quality make it the primary choice for major buyers.
Industrial Pump Market, Segmentation by Geography
In this report, The Industrial Pump Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Regions and Countries Analyzed in this Report
Industrial Pump Market Share (%), by Geographical Region
North America
North America captures nearly 28% of the Industrial Pump Market, driven by demand in oil & gas, power generation, and advanced water treatment. Ongoing infrastructure upgrades and adoption of innovative pumping technologies fuel regional growth.
Europe
Europe holds close to 22% share, with key industries including chemicals, pharmaceuticals, and manufacturing. Stringent environmental regulations encourage the adoption of energy-efficient and sustainable pumping systems.
Asia Pacific
Asia Pacific dominates with about 38% market share, supported by rapid industrialization and growth in construction, automotive, and electronics. Major economies like China and India remain at the center of this expansion.
Middle East & Africa
The Middle East & Africa region accounts for around 7%, led by oil & gas exploration, desalination projects, and energy infrastructure development. Rising investments continue to support long-term growth.
Latin America
Latin America represents nearly 5% of the Industrial Pump Market. Increasing demand from mining, agriculture, and construction sectors combined with steady infrastructure investments contributes to regional expansion.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Industrial Pump Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Industrial Growth Surge
- Technological Advancements
- Water Management Needs
-
Energy Efficiency Demand- The increasing emphasis on energy efficiency is a significant driver in the Global Industrial Pump Market. Industries worldwide are under pressure to reduce energy consumption and minimize operational costs, leading to a growing demand for pumps that offer superior energy efficiency. Advanced pump technologies, such as variable frequency drives (VFDs) and high-efficiency motors, help in optimizing energy use by adjusting pump speed and performance based on actual demand. This results in lower energy consumption, reduced operating costs, and improved overall system efficiency.
In response to this demand, manufacturers are continually innovating and developing energy-efficient pump solutions. These advancements not only meet regulatory requirements and sustainability goals but also offer a competitive edge in the market. The push for energy-efficient pumps aligns with broader environmental and economic objectives, making it a crucial factor driving growth and investment in the industrial pump sector.
Restraints:
- High Equipment Costs
- Maintenance Challenges
- Regulatory Compliance Issues
-
Economic Fluctuations- Energy efficiency has become a critical focus for industries seeking to enhance their operational sustainability and reduce costs. With rising energy prices and growing environmental concerns, there is an increased need for industrial pumps that provide optimal performance while consuming less energy. Pumps equipped with advanced technologies, such as smart controls and energy-efficient designs, are in high demand as they contribute to significant cost savings and reduced carbon footprints.
The drive towards energy efficiency is also influenced by stringent regulations and standards aimed at reducing energy consumption across various industries. As a result, industrial pump manufacturers are prioritizing the development of solutions that not only comply with these regulations but also offer improved energy performance. This trend is expected to continue as industries increasingly adopt energy-efficient practices and seek out innovative pump technologies to meet their operational and sustainability goals.
Opportunities:
- Emerging Market Expansion
- Innovative Pump Technologies
- Sustainability Initiatives
-
Aging Infrastructure Replacement - The need to replace aging infrastructure is a significant factor driving the Global Industrial Pump Market. Many industrial facilities are dealing with outdated pump systems that suffer from inefficiencies, frequent breakdowns, and increased maintenance costs. As these aging systems reach the end of their useful life, there is a growing demand for new, more reliable, and efficient pump solutions. Upgrading to modern pumps can improve operational performance, reduce downtime, and enhance overall system reliability.
Replacing old infrastructure with advanced pump technologies also presents opportunities for integrating energy-efficient and smart systems. Modern pumps often come with advanced features such as real-time monitoring, predictive maintenance, and automated controls, which can further optimize performance and extend the lifespan of the equipment. As industries continue to invest in infrastructure upgrades, the market for industrial pumps is expected to see sustained growth driven by the need for modernization and improved efficiency.
Competitive Landscape Analysis
Key players in Global Industrial Pump Market include:
- AR North America
- Colfax Corporation
- Global Pump
- GRUNDFOS
- Haight Pumps
- ITT INC.
- Iwaki America Inc.
- Franklin Electric
- Roper Technologies, Inc.
- Sulzer Ltd.
- Flowserve Corporation
- Vaughan Company
- SPX FLOW
- HERMETIC-Pumpen GmbH
- SEKO S.p.A
- DESMI A/S
- SUMMIT PUMP, Inc.
- SPECK Pumpen Verkaufsgesellschaft GmbH
- KRACHT Corp.
- Klaus Union.
- CP Pumpen AG
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Position
- Market Snapshot, By Driving Force
- Market Snapshot, By Application
- Market Snapshot, By Distribution Channel
- Market Snapshot, By Region
- Industrial Pump Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Industrial Growth Surge
- Technological Advancements
- Water Management Needs
- Energy Efficiency Demand
- Restraints
- High Equipment Costs
- Maintenance Challenges
- Regulatory Compliance Issues
- Economic Fluctuations
- Opportunities
- Emerging Market Expansion
- Innovative Pump Technologies
- Sustainability Initiatives
- Aging Infrastructure Replacement
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Industrial Pump Market, By Product, 2021 - 2031 (USD Million)
- Centrifugal Pump
- Positive Displacement Pump
- Others
- Industrial Pump Market, By Position, 2021 - 2031 (USD Million)
-
Submersible
-
Non-Submersible
-
- Industrial Pump Market, By Driving Force, 2021 - 2031 (USD Million)
-
Engine Driven
-
Electrical Driven
-
- Industrial Pump Market, By Application, 2021 - 2031 (USD Million)
- Oil & Gas
- Chemicals
- Construction
- Power
- Water & Wastewater
- Others
- Industrial Pump Market, By Distribution Channel, 2021 - 2031 (USD Million)
- Online
- Offline
- Industrial Pump Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Industrial Pump Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- AR North America
- Colfax Corporation
- Global Pump
- GRUNDFOS
- Haight Pumps
- ITT INC.
- Iwaki America Inc.
- Franklin Electric
- Roper Technologies, Inc.
- Sulzer Ltd.
- Flowserve Corporation
- Vaughan Company
- SPX FLOW
- HERMETIC-Pumpen GmbH
- SEKO S.p.A
- DESMI A/S
- SUMMIT PUMP, Inc.
- SPECK Pumpen Verkaufsgesellschaft GmbH
- KRACHT Corp.
- Klaus Union.
- CP Pumpen AG
- Company Profiles
- Analyst Views
- Future Outlook of the Market