Water Pump Market is Expected to grow at a robust CAGR of 4.47% through 2030F
The
increasing global water pump market is driven by increasing adoption of smart
and IoT-enabled water pumps, and growing demand for energy-efficient and
solar-powered water pumps during the forecast period 2026-2030F.
According
to TechSci Research report, “Water
Pump Market – Global Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2030F”, The Global Water Pump Market was valued at USD
62.07 Billion in 2024 and is expected to reach USD 81.42 Billion by 2030 with a
CAGR of 4.47% during the forecast period. The integration of smart technology
into water pumps is transforming the market, enhancing efficiency, and reducing
operational costs. IoT-enabled pumps provide real-time monitoring, predictive
maintenance, and remote-control capabilities, significantly improving
performance and reliability. Predictive maintenance powered by IoT can reduce
maintenance costs by 20-30% and minimize downtime by up to 50%. Industrial
sectors such as oil & gas, water utilities, and manufacturing are
increasingly adopting smart pumps to optimize water usage and improve system
efficiency. Additionally, the demand for smart water management solutions is
rising in urban infrastructure projects. For example, in the U.S., over USD55
billion has been allocated under the Bipartisan Infrastructure Law for
modernizing water systems, further accelerating the adoption of IoT-based
pumping solutions.
Rising
energy costs and increasing emphasis on sustainability are driving the demand
for energy-efficient pumps. Traditional water pumps account for nearly 10% of
global electricity consumption, prompting industries and governments to
transition towards high-efficiency models. Solar-powered water pumps are
witnessing rapid adoption, particularly in agriculture and rural water supply
projects. The International Renewable Energy Agency (IRENA) reported that
global solar pump installations surpassed 600,000 units in 2023, with India,
China, and Africa being the largest markets. Government initiatives such as
India’s KUSUM scheme, which aims to deploy over 2 million solar-powered pumps,
are further propelling market growth. These pumps not only reduce dependence on
fossil fuels but also offer long-term cost savings, making them a preferred
choice in developing regions.
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Global Water Pump Market"
Based
on type, Positive Displacement Pumps is the fastest growing segment in the global
Water Pump market during the forecast period, due to their high efficiency in
handling viscous fluids, precise flow control, and ability to operate under
high pressure. Unlike centrifugal pumps, which rely on velocity to move fluids,
PD pumps displace a fixed volume per cycle, making them ideal for industries
requiring consistent flow rates, such as oil & gas, water treatment, food
& beverage, pharmaceuticals, and chemical processing. One key driver of PD
pump growth is the increasing demand for wastewater management and desalination.
With global freshwater scarcity rising, governments and industries are
investing heavily in advanced water treatment plants. In 2024, global
wastewater treatment investment is projected to exceed USD300 billion, boosting
demand for diaphragm and rotary pumps, which can handle sludge, slurries, and
chemical dosing with high accuracy.
The oil & gas sector’s expansion has significantly contributed to the
rising adoption of PD pumps. With global oil production exceeding 100 million
barrels per day, PD pumps are essential for metering, chemical injection, and
crude oil transfer applications, where precise volumetric flow is crucial. The rising
use of enhanced oil recovery (EOR) techniques has also driven demand for
high-pressure PD pumps.
The food & beverage and pharmaceutical industries are increasingly adopting
PD pumps due to their ability to handle hygienic and sterile processes. These
industries require pumps that minimize contamination risks while ensuring
accurate dosing and gentle fluid handling, making PD pumps the preferred
choice. With ongoing advancements in smart pump technology, IoT-enabled
monitoring, and energy-efficient PD pumps, this segment is expected to witness rapid
growth during the forecast period, driven by increasing industrial automation
and sustainability initiatives.
Based
on region, Asia Pacific is the fastest growing region in the Global Water Pump
Market during the forecast period due to rapid urbanization, industrial
expansion, increasing infrastructure investments, and rising demand for clean
water solutions. Countries like China, India, Japan, and Southeast Asian
nations are experiencing massive growth in construction, manufacturing,
and agricultural activities, all of which drive the demand for water pumps.
One
of the key growth drivers is increasing investments in water and wastewater
treatment facilities. With over 2 billion people in Asia facing water stress,
governments are prioritizing wastewater treatment, desalination, and smart
water infrastructure. For example, China has allocated USD50 billion for water
treatment projects under its Five-Year Plan, while India’s Jal Jeevan Mission
aims to provide safe drinking water to 190 million households by 2024,
significantly boosting water pump demand.
The
booming industrial sector in Asia Pacific is another major factor. The region
is home to some of the world’s largest manufacturing hubs, with China and India
leading in steel, chemicals, and automotive production. Industrial growth has
fueled the need for efficient water circulation, cooling, and wastewater
management, increasing the adoption of high-performance pumps. Additionally, expanding
oil & gas and mining activities in countries like Indonesia and Australia
are further propelling demand for specialized water pumps. Asia
Pacific is also witnessing strong growth in agricultural irrigation. The region
accounts for 60% of the global agricultural population, with heavy reliance on water
pumps for irrigation, groundwater extraction, and drainage. The increasing
adoption of solar-powered and energy-efficient pumps is further accelerating
market expansion, supported by government subsidies and initiatives promoting
sustainable irrigation systems. With ongoing urban development, technological
advancements in smart pumping solutions, and strong government initiatives,
Asia Pacific is expected to maintain its position as the fastest-growing region
in the global water pump market during the forecast period.
Key
market players in the Global Water Pump market are: -
- Grundfos
Holding A/S
- Xylem
Inc.
- Sulzer
Ltd.
- KSB SE
& Co. KGaA
- Ebara
Corporation
- The Weir
Group plc
- Flowserve
Corporation
- Wilo SE
- ITT Inc.
- Kirloskar
Brothers Limited
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“The
global water pump market presents significant opportunities driven by rising
demand for clean water, rapid industrialization, and increasing wastewater
treatment projects. The adoption of energy-efficient and solar-powered pumps is
expanding, supported by government incentives and sustainability initiatives. Smart
pumping solutions with IoT and AI integration offer new growth avenues,
enhancing efficiency and remote monitoring. Emerging economies, particularly in
Asia Pacific and Africa, are investing heavily in water infrastructure and
agricultural irrigation systems, creating substantial market potential.
Additionally, the expansion of the oil & gas, chemical, and construction
sectors is further boosting demand for high-performance and specialized water
pumps globally.Top of Form” said
Mr. Karan Chechi, Research Director of TechSci Research, a research-based Global
management consulting firm.
“Water Pump Market - Global Industry Size,
Share, Trends, Opportunity, and Forecast, Segmented By Type (Centrifugal Pumps,
Positive Displacement Pumps, Others), By Driving Force (Electric Driven, Engine
Driven), By Application (Oil & Gas, Chemicals, Power Generation,
Water/wastewater, Others), By Region, and By Competition, 2020-2030F,” has evaluated the future growth
potential of Global Water Pump Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Water Pump Market.
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