Industrial Pumps Market Size, Share, Trends, Growth and Forecast 2031

Report Description

Forecast Period	2027-2031
Market Size (2025)	USD 70.92 Billion
CAGR (2026-2031)	5.01%
Fastest Growing Segment	Power Generation
Largest Market	North America
Market Size (2031)	USD 95.09 Billion

Market Overview

The Global Industrial Pumps Market is expected to grow from USD 70.92 Billion in 2025 to USD 95.09 Billion by 2031 at a 5.01% CAGR. The Global Industrial Pumps Market encompasses the production of mechanical devices engineered to transfer fluids and slurries through centrifugal or positive displacement actions, serving critical manufacturing and utility sectors. Growth is supported by the urgent need for modernized water and wastewater infrastructure, alongside expanding capacity in the chemical and power generation industries. According to the VDMA, in 2024, incoming orders for large-scale plant engineering reached 25.0 billion Euros, underscoring the sustained demand for the heavy machinery and pumping systems essential to these energy and processing projects.

A significant challenge impeding market expansion is the high operational expenditure linked to energy consumption and the subsequent regulatory pressure to meet stringent efficiency standards. Industrial operators often face prohibitive initial costs when upgrading to compliant, energy-efficient models, which can delay essential retrofitting cycles. Moreover, volatility in the pricing of raw materials creates financial instability, further complicating the procurement landscape for capital-intensive industrial projects.

Key Market Drivers

The expansion of water and wastewater treatment infrastructure is a primary catalyst for market activity, necessitated by aging municipal systems and stringent environmental regulations. Governments are channeling capital into upgrading sewage networks and potable water facilities, requiring heavy-duty centrifugal and positive displacement pumps for fluid transport. According to Ofwat, July 2024, in the 'PR24 Draft Determinations', water companies in England and Wales are set to deliver a spending package of £88 billion over the next five years to improve services and infrastructure. This surge in capital allocation directly translates to procurement orders for diverse pumping systems capable of handling variable flow rates and abrasive sludge, thereby sustaining manufacturing volumes for industrial pump OEMs.

Concurrently, rising investments in oil and gas exploration and production function as a critical growth engine, driven by the dual imperatives of energy security and replacing depleting reserves. Upstream operations utilize specialized high-pressure pumps for extraction, while midstream and downstream sectors require robust units for refining and transportation. According to the International Energy Agency, June 2024, in the 'World Energy Investment 2024' report, global upstream oil and gas investment is projected to increase to USD 570 billion in 2024. This expenditure stimulates demand for API-compliant pumps designed to withstand extreme operational conditions. Reflecting this broader momentum, according to Sulzer Ltd, in 2024, order intake in the first half reached CHF 2,078.8 million, highlighting the robust appetite for flow control equipment across energy and infrastructure verticals.

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Key Market Challenges

High operational expenditure linked to energy consumption constitutes a substantial barrier to the expansion of the Global Industrial Pumps Market. Industrial pumps are inherently energy-intensive, often accounting for a vast majority of a facility's utility costs. While regulatory bodies enforce stringent efficiency standards to mitigate this, the compliance requirements paradoxically create financial strain. Operators face prohibitive initial capital costs when attempting to replace legacy systems with compliant, energy-efficient models. Consequently, many industrial facilities delay essential retrofitting cycles, opting to continue operating outdated equipment rather than absorbing the immediate financial shock of modernization.

This reluctance to invest in capital-intensive upgrades directly constricts manufacturing output and slows market momentum. The impact of these cost pressures is evident in recent industrial performance metrics. According to the VDMA, in 2025, real machinery production declined by 5 percent, reflecting the severe constraints manufacturers face due to rising costs and economic volatility. This contraction highlights how the convergence of high operational expenses and capital investment hurdles effectively dampens demand for new pumping technologies.

Key Market Trends

The adoption of IIoT-enabled smart pumping systems is fundamentally reshaping the market as operators seek to minimize lifecycle costs through real-time monitoring and data analytics. These intelligent units utilize embedded sensors to track performance metrics such as vibration, temperature, and pressure, allowing for predictive maintenance that preempts catastrophic failures. This digital shift is particularly critical in water management and industrial processing, where unplanned downtime incurs massive financial losses. The demand for such connectivity is rapidly translating into financial performance for major manufacturers, solidifying digital integration as a core revenue stream rather than an optional add-on. According to Xylem Inc., February 2025, in the 'Fourth Quarter and Full Year 2024 Results', the company reported a revenue increase of 16 percent to USD 8.6 billion, driven significantly by the acceleration of digital solutions and automation strategies across its global operations.

The rising utilization of additive manufacturing for spare parts is simultaneously altering supply chain dynamics by enabling on-demand production of complex components. Industrial facilities are increasingly leveraging 3D printing to bypass long lead times associated with casting and forging, especially for obsolete or hard-to-find legacy parts. This technology facilitates the rapid fabrication of impellers and volutes with optimized geometries that improve hydraulic efficiency while drastically reducing inventory holding costs. The operational impact of this manufacturing evolution is evident in high-stakes environments where rapid turnaround is essential for maintaining continuous plant operations. According to Sulzer Ltd, February 2025, in the 'Annual Report 2024', the implementation of advanced additive manufacturing for a nuclear facility project reduced component production time by 75 percent compared to traditional methods, simultaneously extending the service life of the critical equipment.

Segmental Insights

The Power Generation segment is positioning itself as the fastest-growing category within the Global Industrial Pumps Market due to the escalating global demand for energy and subsequent infrastructure expansion. Rapid industrialization requires substantial capacity additions across thermal and nuclear power sectors, necessitating heavy-duty pumping solutions for critical fluid handling. Furthermore, adherence to sustainability guidelines set by the International Energy Agency compels operators to upgrade aging facilities with efficient machinery. This focus on modernization and capacity enhancement directly accelerates the adoption of industrial pumps in the power sector.

Regional Insights

North America holds the leading position in the global industrial pumps market, driven by substantial demand across the oil and gas, power generation, and chemical manufacturing sectors. The region continues to prioritize infrastructure development, particularly within water and wastewater management systems that require reliable pumping operations to replace aging facilities. Additionally, strict energy efficiency standards mandated by the U.S. Department of Energy compel industries to upgrade existing equipment to compliant models. This regulatory pressure, combined with sustained industrial activity, ensures North America remains the primary contributor to market revenue.

Recent Developments

In August 2024, Atlas Copco acquired Integrated Pump Rental, a dewatering solutions provider headquartered in Johannesburg, South Africa, to enhance its presence in the region. The acquired company provides fully outsourced dewatering services and rents pump and ancillary equipment to customers in the mining, quarrying, construction, and wastewater industries. It was integrated into the Specialty Rental division within Atlas Copco’s Power Technique Business Area. The Business Area President stated that this acquisition creates a solid footprint for specialty dewatering in Sub-Saharan Africa and provides a critical competence hub to support the mining market.
In July 2024, Flowserve Corporation acquired the intellectual property and in-process research assets for cryogenic Liquefied Natural Gas (LNG) submerged pump technology from NexGen Cryogenic Solutions, Inc. This strategic addition includes advanced pump and cold energy recovery turbine technology designed for the liquefaction, shipping, and regasification sectors. The acquisition aims to differentiate the company’s LNG product portfolio and support decarbonization efforts across the energy value chain. Management expressed intentions to leverage existing manufacturing facilities and a global network of quick response centers to commercialize these high-efficiency pumping solutions for international customers.
In April 2024, Grundfos launched the SE range 48, a new series of heavy-duty wastewater submersible pumps engineered for municipal, utility, and industrial applications. These pumps are equipped with efficient single-channel or SuperVortex impellers that allow for the free passage of solids up to 4 inches, significantly reducing the risk of clogging. The company designed the series for intermittent operation and dry installation without the need for external motor cooling. A regional product manager noted that this launch sets new benchmarks in sanitation and water contamination prevention by ensuring reliability in handling large volumes of unscreened raw sewage.
In March 2024, Sulzer inaugurated a new testing and assembly center adjacent to its pump manufacturing plant in Mexico City to support infrastructure projects across the Americas. The facility features a substantial hydraulic test bed capable of handling flow rates up to 23,000 cubic meters per hour, alongside advanced digital monitoring systems. This expansion allows for the rigorous validation of large-scale pumps, ensuring maximum efficiency and reliability for complex fluid engineering tasks. The company stated that this investment reinforces its commitment to innovation and enhances its ability to meet the increasing needs of clients in the water and energy sectors throughout the region.

Key Market Players

Grundfos Holding A/S
Ingersoll-Rand
Flowserve Corporation
Sulzer Ltd.
ITT, INC.
Schlumberger Limited
EBARA International Corporation
The Weir Group PLC

By Type	By Application	By Region
Centrifugal Pumps Reciprocating Pumps Rotary Pumps Others	Water & Waste Water Power Generation Oil & Gas Chemicals & Petrochemicals Mining Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Industrial Pumps Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Industrial Pumps Market, By Type:

Centrifugal Pumps
Reciprocating Pumps
Rotary Pumps
Others

Industrial Pumps Market, By Application:

Water & Waste Water
Power Generation
Oil & Gas
Chemicals & Petrochemicals
Mining
Others

Industrial Pumps Market, By Region:

North America

United States
Canada
Mexico

Europe

France
United Kingdom
Italy
Germany
Spain

Asia Pacific

China
India
Japan
Australia
South Korea

South America

Brazil
Argentina
Colombia

Middle East & Africa

South Africa
Saudi Arabia
UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Industrial Pumps Market.

Available Customizations:

Global Industrial Pumps Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Global Industrial Pumps Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global Industrial Pumps Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Type (Centrifugal Pumps, Reciprocating Pumps, Rotary Pumps, Others)

5.2.2. By Application (Water & Waste Water, Power Generation, Oil & Gas, Chemicals & Petrochemicals, Mining, Others)

5.2.3. By Region

5.2.4. By Company (2025)

5.3. Market Map

6. North America Industrial Pumps Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Type

6.2.2. By Application

6.2.3. By Country

6.3. North America: Country Analysis

6.3.1. United States Industrial Pumps Market Outlook

6.3.1.1. Market Size & Forecast

6.3.1.1.1. By Value

6.3.1.2. Market Share & Forecast

6.3.1.2.1. By Type

6.3.1.2.2. By Application

6.3.2. Canada Industrial Pumps Market Outlook

6.3.2.1. Market Size & Forecast

6.3.2.1.1. By Value

6.3.2.2. Market Share & Forecast

6.3.2.2.1. By Type

6.3.2.2.2. By Application

6.3.3. Mexico Industrial Pumps Market Outlook

6.3.3.1. Market Size & Forecast

6.3.3.1.1. By Value

6.3.3.2. Market Share & Forecast

6.3.3.2.1. By Type

6.3.3.2.2. By Application

7. Europe Industrial Pumps Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Type

7.2.2. By Application

7.2.3. By Country

7.3. Europe: Country Analysis

7.3.1. Germany Industrial Pumps Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Type

7.3.1.2.2. By Application

7.3.2. France Industrial Pumps Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Type

7.3.2.2.2. By Application

7.3.3. United Kingdom Industrial Pumps Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Type

7.3.3.2.2. By Application

7.3.4. Italy Industrial Pumps Market Outlook

7.3.4.1. Market Size & Forecast

7.3.4.1.1. By Value

7.3.4.2. Market Share & Forecast

7.3.4.2.1. By Type

7.3.4.2.2. By Application

7.3.5. Spain Industrial Pumps Market Outlook

7.3.5.1. Market Size & Forecast

7.3.5.1.1. By Value

7.3.5.2. Market Share & Forecast

7.3.5.2.1. By Type

7.3.5.2.2. By Application

8. Asia Pacific Industrial Pumps Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Type

8.2.2. By Application

8.2.3. By Country

8.3. Asia Pacific: Country Analysis

8.3.1. China Industrial Pumps Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Type

8.3.1.2.2. By Application

8.3.2. India Industrial Pumps Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Type

8.3.2.2.2. By Application

8.3.3. Japan Industrial Pumps Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Type

8.3.3.2.2. By Application

8.3.4. South Korea Industrial Pumps Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Type

8.3.4.2.2. By Application

8.3.5. Australia Industrial Pumps Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Type

8.3.5.2.2. By Application

9. Middle East & Africa Industrial Pumps Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Type

9.2.2. By Application

9.2.3. By Country

9.3. Middle East & Africa: Country Analysis

9.3.1. Saudi Arabia Industrial Pumps Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Type

9.3.1.2.2. By Application

9.3.2. UAE Industrial Pumps Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Type

9.3.2.2.2. By Application

9.3.3. South Africa Industrial Pumps Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Type

9.3.3.2.2. By Application

10. South America Industrial Pumps Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Type

10.2.2. By Application

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Industrial Pumps Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Type

10.3.1.2.2. By Application

10.3.2. Colombia Industrial Pumps Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Type

10.3.2.2.2. By Application

10.3.3. Argentina Industrial Pumps Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Type

10.3.3.2.2. By Application

11. Market Dynamics

11.1. Drivers

11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)

12.2. Product Launches (If Any)

12.3. Recent Developments

13. Global Industrial Pumps Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry

14.2. Potential of New Entrants

14.3. Power of Suppliers

14.4. Power of Customers

14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Grundfos Holding A/S

15.1.1. Business Overview

15.1.2. Products & Services

15.1.3. Recent Developments

15.1.4. Key Personnel

15.1.5. SWOT Analysis

15.2. Ingersoll-Rand

15.3. Flowserve Corporation

15.4. Sulzer Ltd.

15.5. ITT, INC.

15.6. Schlumberger Limited

15.7. EBARA International Corporation

15.8. The Weir Group PLC

16. Strategic Recommendations

17. About Us & Disclaimer

Report Description

Table of content

Figures and Tables

Frequently asked questions

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