Industrial Pumps Market: By Product, By Application and Region Forecast 2020-2031
Industrial Pumps Market: By Product, By Application and Region Forecast 2020-2031
Report ID:53319
Published Date:Apr 2023
No of Pages:210
Format:
Industrial Pumps Market size was valued at US$ 73.8 billion in 2024 and is expected to reach US$ 178.0 billion by 2031, growing at a significant CAGR of 5.6% from 2025-2031. The global market provides a detailed overview of the market, which has been segmented into a by-product, and applications. By product, the market has been segmented into Centrifugal Pumps, Positive Displacement Pump, and Others. The Centrifugal Pumps segment is likely the most significant and fastest-growing segment in various product types. Based on Application, the industrial pumps are segmented into Oil & Gas, Chemicals, Construction, Power, Water & Wastewater, and Others. According to precision business insights, the Water & Wastewater segment is predicted to register the fastest growth rate during the forecast period.
Study Period
2025-2031Base Year
2024CAGR
5.6%Largest Market
North-AmericaFastest Growing Market
Asia-Pacific
The increased use of industrial pumps in various industries, such as water and wastewater, chemical, oil and gas, and power generation, will likely boost market expansion.
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Report Benchmarks |
Details |
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Report Study Period |
2025-2031 |
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Market Size in 2024 |
US$ 73.8 billion |
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Market Size in 2031 |
US$ 178.0 billion |
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Market CAGR |
5.6% |
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By Product |
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By Application |
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By Region |
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Industrial pumps market size was valued at US$ 73.8 billion in 2024 and is expected to reach US$ 178.0 billion by 2031, growing at a significant CAGR of 5.6%.
The market players are Xylem, Ingersoll-Rand, Flowserve Corporation, SPX Flow, KSB SE &Co. KGaA, Sulzer Ltd., Pentair, Iwaki Co. Ltd., ITT, INC., Schlumberger Limited, EBARA International Corporation, and The Weir Group PLC.
Asia-Pacific is the fastest-growing region for the market.
Content Updated Date: Oct 2025
| 1. Executive Summary |
| 2. Industrial Pumps Market Introduction |
| 2.1. Global Industrial Pumps Market - Taxonomy |
| 2.2. Global Industrial Pumps Market - Definitions |
| 2.2.1. Product |
| 2.2.2. Application |
| 2.2.3. Region |
| 3. Global Industrial Pumps Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Industrial Pumps Market Dynamic Factors - Impact Analysis |
| 3.6. Global Industrial Pumps Market - Competition Landscape |
| 4. Global Industrial Pumps Market Analysis, 2020-2024 and Forecast 2025-2031 |
| 4.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Industrial Pumps Market, By Product, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 5.1. Centrifugal Pumps |
| 5.1.1. Axial Flow Pump |
| 5.1.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 5.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.1.3. Market Opportunity Analysis |
| 5.1.2. Radial Flow Pump |
| 5.1.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 5.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.2.3. Market Opportunity Analysis |
| 5.1.3. Mixed Flow Pump |
| 5.1.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 5.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3.3. Market Opportunity Analysis |
| 5.2. Positive Displacement Pump |
| 5.2.1. Resiprocating |
| 5.2.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 5.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.1.3. Market Opportunity Analysis |
| 5.2.2. Rotary |
| 5.2.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 5.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.2.3. Market Opportunity Analysis |
| 5.2.3. Others |
| 5.2.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 5.2.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3.3. Market Opportunity Analysis |
| 5.3. Others |
| 5.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Industrial Pumps Market, By Application, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.1. Oil & Gas |
| 6.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Chemicals |
| 6.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Construction |
| 6.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Power |
| 6.4.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Water & Wastewater |
| 6.5.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Others |
| 6.6.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 6.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.6.3. Market Opportunity Analysis |
| 7. Global Industrial Pumps Market Forecast, By Region, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Industrial Pumps Market - Opportunity Analysis Index, By Product, By Application and Region, 2024-2030 |
| 8. North America Industrial Pumps Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 8.1. Product Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Centrifugal Pump |
| 8.1.1.1. Axial Flow Pump |
| 8.1.1.2. Radial Flow Pump |
| 8.1.1.3. Mixed Flow Pump |
| 8.1.2. Positive Dispalcement Pump |
| 8.1.2.1. Reciprocating |
| 8.1.2.2. Rotary |
| 8.1.2.3. Others |
| 8.1.3. Others |
| 8.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Oil & Gas |
| 8.2.2. Chemicals |
| 8.2.3. Construction |
| 8.2.4. Power |
| 8.2.5. Water & Wastewater |
| 8.2.6. Others |
| 8.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Industrial Pumps Market - Opportunity Analysis Index, By Product, By Application and Country, 2024-2030 |
| 8.5. North America Industrial Pumps Market Dynamics - Trends |
| 9. Europe Industrial Pumps Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 9.1. Product Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Centrifugal Pump |
| 9.1.1.1. Axial Flow Pump |
| 9.1.1.2. Radial Flow Pump |
| 9.1.1.3. Mixed Flow Pump |
| 9.1.2. Positive Dispalcement Pump |
| 9.1.2.1. Reciprocating |
| 9.1.2.2. Rotary |
| 9.1.2.3. Others |
| 9.1.3. Others |
| 9.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Oil & Gas |
| 9.2.2. Chemicals |
| 9.2.3. Construction |
| 9.2.4. Power |
| 9.2.5. Water & Wastewater |
| 9.2.6. Others |
| 9.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Russia |
| 9.3.7. Rest of Europe |
| 9.4. Europe Industrial Pumps Market - Opportunity Analysis Index, By Product, By Application and Country, 2024-2030 |
| 9.5. Europe Industrial Pumps Market Dynamics - Trends |
| 10. Asia-Pacific Industrial Pumps Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 10.1. Product Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Centrifugal Pump |
| 10.1.1.1. Axial Flow Pump |
| 10.1.1.2. Radial Flow Pump |
| 10.1.1.3. Mixed Flow Pump |
| 10.1.2. Positive Dispalcement Pump |
| 10.1.2.1. Reciprocating |
| 10.1.2.2. Rotary |
| 10.1.2.3. Others |
| 10.1.3. Others |
| 10.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Oil & Gas |
| 10.2.2. Chemicals |
| 10.2.3. Construction |
| 10.2.4. Power |
| 10.2.5. Water & Wastewater |
| 10.2.6. Others |
| 10.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Industrial Pumps Market - Opportunity Analysis Index, By Product, By Application and Country, 2024-2030 |
| 10.5. Asia-Pacific Industrial Pumps Market Dynamics - Trends |
| 11. Latin America Industrial Pumps Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 11.1. Product Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Centrifugal Pump |
| 11.1.1.1. Axial Flow Pump |
| 11.1.1.2. Radial Flow Pump |
| 11.1.1.3. Mixed Flow Pump |
| 11.1.2. Positive Dispalcement Pump |
| 11.1.2.1. Reciprocating |
| 11.1.2.2. Rotary |
| 11.1.2.3. Others |
| 11.1.3. Others |
| 11.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Oil & Gas |
| 11.2.2. Chemicals |
| 11.2.3. Construction |
| 11.2.4. Power |
| 11.2.5. Water & Wastewater |
| 11.2.6. Others |
| 11.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Argentina |
| 11.3.4. Rest of Latin America |
| 11.4. Latin America Industrial Pumps Market - Opportunity Analysis Index, By Product, By End Use and Country, 2024-2030 |
| 11.5. Latin America Industrial Pumps Market Dynamics - Trends |
| 12. Middle East and Africa Industrial Pumps Market Analysis, 2020-2024 and Forecast 2025-2031 (Revenue, USD Mn) |
| 12.1. Product Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Centrifugal Pump |
| 12.1.1.1. Axial Flow Pump |
| 12.1.1.2. Radial Flow Pump |
| 12.1.1.3. Mixed Flow Pump |
| 12.1.2. Positive Dispalcement Pump |
| 12.1.2.1. Reciprocating |
| 12.1.2.2. Rotary |
| 12.1.2.3. Others |
| 12.1.3. Others |
| 12.2. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Oil & Gas |
| 12.2.2. Chemicals |
| 12.2.3. Construction |
| 12.2.4. Power |
| 12.2.5. Water & Wastewater |
| 12.2.6. Others |
| 12.3. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. Israel |
| 12.3.3. South Africa |
| 12.3.4. Rest of MEA |
| 12.4. MEA Industrial Pumps Market - Opportunity Analysis Index, By Product, By Application and Country, 2024-2030 |
| 12.5. MEA Industrial Pumps Market Dynamics - Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Grundfos Pump Corp. |
| 13.2.2. Xylem, Inc. |
| 13.2.3. Ingersoll-Rand PLC |
| 13.2.4. Flowserve Corp. |
| 13.2.5. KSB SE & Co. KGaA |
| 13.2.6. Sulzer Ltd. |
| 13.2.7. Pentair PLC |
| 13.2.8. Iwaki America, Inc. |
| 13.2.9. Schlumberger Ltd. |
| 13.2.10. Ebara Corp. |
| 13.2.11. Weir Group PLC |
| 13.2.12. Vaughan Company, Inc. |
| 13.2.13. Hermetic-Pumpen GmbH |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
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