Industrial Pumps Market Size, Share, Trends and Forecast Analysis (2025-2032)

The Industrial Pumps Market size was valued at USD 71.91 Bn in 2024, and the Global Industrial Pumps Market is expected to reach USD 100.71 Bn by 2032 at a CAGR of 4.3% during the forecast period.
Industrial Pumps Market Overview:
Industrial pumps are mechanical equipment for the movement of liquids, slurries, or gases in large industrial processes. They ensure efficient transport of fluid in sectors like oil & gas, chemicals, and water treatment. Growth in the chemical industry and increased oil & gas exploration activities demand an efficient fluid transfer system. This high demand in North America, Europe, and APAC drives the industrial pumps market, while the demand for energy and fuel worldwide, in turn, drives the need for efficient fluid transfer systems. This presents massive opportunities for the industrial pumps market in the power and oil & gas industries.

Asia Pacific region took a leading position in the Industrial Pumps Market in the year 2024 due to rapid industrialisation and demand from sectors like chemicals, construction, and water treatment. Further, major infrastructure developments and manufacturing activities graced market growth. Being key global players, Ingersoll-Rand PLC and Grundfos Pump Corporation have had a notable impact on the market by way of advanced technologies, a wide variety of product offers, and regional expansion strategies. Trends like IE3–IE5 motors, VFDs, and Industry 4.0 technologies are energy-efficient, leading to major cost and performance benefits. Mergers, acquisitions, and tech partnerships are accelerating innovation and global market reach.To know about the Research Methodology :- Request Free Sample Report
Industrial Pumps Market Dynamics:
High Demand of Pumps to Drive the Industrial Pumps Market Growth

The tremendous growth in the chemical industry in recent years and increasing oil and gas exploration and piping activities across North America, Europe, and the APAC region are the key demand drivers for industrial pumps. In addition, increasing investment of governments in infrastructure modification of wastewater treatment plants and oil and gas processing plants is driving the demand for the product across the globe. World refining capacity is estimated to increase by 2.55% up to the forecasted period, and thereby the use of industrial pumps is also projected to increase by approximately 24% during the forecast period.

Rising demand for energy and fuel to creates the opportunity for the Industrial Pumps Market

Increasing demand for energy and fuel across the emerging economies and hence, infrastructure advancements in the power generation sector is considered to create an upcoming opportunity and the demand for industrial pumps across the globe. According to the Global Energy Statistical Yearbook 2024, power generation grew by approximately 4.2% in the APAC region and +5.4 % in the USA in the year 2024.

Rules and Regulations to Restrain the Industrial Pumps Market

Stringent environment regulations and the highest safety standards for industrial pump manufacturing are the restraining factors hampering the growth of the market. In addition, the high initial cost of the industrial pumps is expected to pose the key challenge for the prominent players in the market.

More restraints and challenges are covered in the report by considering the data of 2024 for a better understanding of the current market scenario. Moreover, the bottom-up approach is considered while analysing the data from past years as well as forecasting trends in the report. The user is expected to be able to estimate the overall market dynamics from the report analysis.
Industrial Pumps Market Segmentation
Based on product Type, the Industrial Pumps market is segmented into Centrifugal pump, Mixed flow pump, Axial flow pump, Radial flow pump, Positive displacement pump, Rotary pump, Reciprocating pump and Others. In these, Centrifugal Pumps dominated the Industrial Pumps Market in 2024 and are expected to dominate in the forecast period. According to Europump EU Association of Pump Manufacturers, centrifugal pumps accounted for approximately 71% market share in terms of unit consumption. Europump further stated that approximately more than 60% of pump manufacturers in the EU and APAC primarily develop centrifugal industrial pumps, which gives insight into the dominance of the product. In addition, centrifugal pumps are extensively used in pipeline services, refineries, and other services. Deep-water exploration is made easy and cost-effective because of centrifugal pumps, owing to high-pressure development in the pumps and easy-to-use operation.

Based on the Application, the Industrial Pumps market is segmented into the Chemical industry, Power generation, Oil and gas industry, Construction, Water treatment plants, and Wastewater treatment plants. In these, the Oil and gas industry dominated the Industrial Pumps Market in 2024 and is expected to dominate in the forecast period as Oil and gas operations require extensive pumping systems to handle crude oil, natural gas and other. It often involves harsh environments and continuous high-volume pumping, demanding robust, high-performance pumps.
Industrial Pumps Market Regional Insights:
Asia Pacific region dominated the Industrial Pumps Market in 2024 due to high demand in Industries.

The Asia Pacific is dominating the global industrial pumps market with approximately 45% market share in terms of revenue generation, owing to growth in end-use industries of chemical, oil and gas, wastewater treatment, and energy production. Moreover, the oil refining infrastructure dominance of China across the APAC region is expected to propel regional growth in the market. China accounted for approximately 45% of total APAC oil refining capacity in the year 2024. Moreover, India accounted for 50% of the overall chemical treatment and production sector in the overall APAC region, which is ultimately increasing the demand for industrial pumps in the Indian subcontinent. In addition, the increasing need for water treatment plants across the South Asian countries is propelling the growth of domestic industrial pumps manufacturers in the APAC region.

Industrial Pumps Market Competitive Landscape

The top companies like Ingersoll-Rand PLC, Grundfos Pump Corporation, Ebara Corporation, Al Bilad United Co and Neptuno Pumps hold the largest share in the Industrial Pumps Market, whereas Ingersoll-Rand PLC and Grundfos Pump Corporation are different as Ingersoll-Rand has a wide range of pumps that to from centrifugal to rotary and these are used in industries for oil and gas, chemicals, and water treatment. Their products is been used for smart technology for performance enhancement and maintenance and the Grundfos company is mostly famous for water and wastewater pumps. They manufacture efficient and environmentally friendly pumps for buildings, factories, and water systems, and the smart services provided by Grundfos which include remote monitoring and digital control, make it easy for customers to manage and maintain their pumps.

The objective of the report is to present a comprehensive analysis of the Global Industrial Pumps Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Global Industrial Pumps Market dynamics, structure by analysing the market segments and projecting the Global Industrial Pumps Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Global Industrial Pumps Market makes the report an investor’s guide

Industrial Pumps Market Key Trends

• Efficiency Focus: Manufacturers are delivering IE3–IE5 class motors, variable-frequency drives (VFDs), and advanced hydraulics. Energy savings of 30–50%, or more, are possible with modern systems.
• Industry 4.0 Push: Integration with automation platforms enables real-time monitoring, deeper analytics, and remote diagnostics. Strategic tie-ups like Xylem's condition-monitoring pumps and Wilo Siemens AI partnerships highlight this trend.
• M&A & Alliances: Companies are engaging in acquisitions and partnerships to access new tech and markets—e.g. Flowserve acquiring LNG tech, Xylem and Wilo partnering with tech giants

Industrial Pumps Market Key Developments



Year
Company Name
Recent Development


May 2, 2024
Ingersoll‑Rand Inc. (Davidson, NC, USA)
FY revenue forecast downward (to 4–6%) due to softer orders in Q1, and adjusted guidance, despite revenue growth +2.5% to $1.67 billion


Jan 24, 2024
Grundfos Pump Corporation (Bjerringbro, Denmark)
Rolling out UPM4 low-carbon pump prototypes using recycled materials, modular designs, PM motors & advanced digital features


Jan 22, 2024
Ebara Corporation (Tokyo, Japan)
Restructured into five market-based divisions and developed new technologies: booster liquid hydrogen pumps, ammonia canned motor pumps, hydrogen-fueled chillers, built-in PM motor pumps; R&D centre for liquid hydrogen pump testing; expanded service & production centres including Indonesia and Kumamoto K3 building


Dec 28, 2024
Romtec Utilities FZE (Dubai, UAE )
Completed multiple engineered pump‑station solutions, including stormwater, sewer‑lift, and industrial booster systems for clients such as Mitsubishi Gas Chemical, Gulf South Pipeline, Exelon, Orlando Utility Commission, etc


Feb 18, 2025
Acquatron (Buenos Aires, Argentina)
The company rolled out new PVDF pumps, dual‑regulation dosing models, and integrated pH/ORP/EC controllers; it offers training programs across LATAM



Industrial Pumps Market Scope: Inquire before buying



Industrial Pumps Market


Report Coverage
Details


Base Year:
2024
Forecast Period:
2025-2032


Historical Data:
2019 to 2024
Market Size in 2024:
USD 71.91 Bn.


Forecast Period 2025 to 2032 CAGR:
4.3%
Market Size in 2032:
USD 100.71 Bn.


 Segments Covered:
by Product Type
Centrifugal pump
Mixed flow pump
Axial flow pump
Radial flow pump
Positive displacement pump
Rotary pump
Reciprocating pump
Others


by Application
Chemical industry
Power generation
Oil and gas industry
Construction
Water treatment plants
Wastewater treatment plants



Market by Region
North America (United States, Canada, and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, and the Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Taiwan, Indonesia, Philippines, Malaysia, Vietnam, Thailand, Rest of Asia Pacific region)
Middle East & Africa (South Africa, GCC, Nigeria, Rest of ME&A)
South America (Brazil, Argentina, Rest of South America)
Industrial Pumps Market Key Players
North America

1. Ingersoll-Rand PLC (Davidson, North Carolina, USA)
2. SPX Flow, Inc. (Charlotte, North Carolina, USA)
3. Xylem, Inc. (Washington, D.C., USA)
4. Flowserve Corporation (Irving, Texas, USA)
5. Iwaki America, Inc. (Holliston, Massachusetts, USA)
6. ITT, Inc. (Stamford, Connecticut, USA)
7. Pentair PLC (Minneapolis, Minnesota, USA)
8. Vaughn Company, Inc. (Montesano, Washington, USA)
9. Schlumberger Ltd. (Houston, Texas, USA – operational HQ)
10. Baker Hughes, Inc. (Houston, Texas, USA)
11. Dover Corporation (Downers Grove, Illinois, USA)

Europe

12. Grundfos Pump Corporation (Bjerringbro, Denmark)
13. Sulzer Ltd. (Winterthur, Switzerland)
14. KSB SE & Co. KGaA (Frankenthal, Germany)
15. Weir Group PLC (Glasgow, Scotland, UK)
16. Hermetic-Pumpen GmbH (Gundelfingen, Germany)
17. Clyde Union, Inc. (Glasgow, Scotland, UK)

Asia Pacific

18. Ebara Corporation (Tokyo, Japan)
19. Kirloskar Brothers Limited (Pune, India)
20. Tsurumi Manufacturing Co. Ltd (Osaka, Japan)
21. Shanghai Kaiquan Pump Group Co., Ltd. (Shanghai, China)
22. Hyosung Goodsprings Inc. (Seoul, South Korea)

Middle East & Africa

23. Al Bilad United Co. (Dammam, Saudi Arabia)
24. Romtec Utilities FZE (Dubai, UAE)
25. JB Pumps (South Africa)

South America

26. Neptuno Pumps (Brazil)
27. Acquatron (Buenos Aires, Argentina)
28. Local Colombian supplier Ignacio Gómez IHM S.A. (Colombia)
Frequently Asked Questions:
1. Which region has the largest share in the Global Industrial Pumps Market?
Ans: The Asia Pacific region held the highest share in 2024.

2. What is the growth rate of the Global Industrial Pumps Market?
Ans: The Global Industrial Pumps Market is growing at a CAGR of 4.3% during the forecasting period 2025-2032.

3. What is the scope of the Global Industrial Pumps Market report?
Ans: The Global Industrial Pumps Market report helps with the PESTEL, PORTER Five Forces, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in the Global Industrial Pumps Market?
Ans: The important key players in the Global Industrial Pumps Market are – Ingersoll-Rand PLC, Grundfos Pump Corporation, SPX Flow, Inc., Xylem, Inc., Sulzer Ltd., Flowserve Corporation, KSB SE & Co. KGaA, Ebara Corporation, Iwaki America, Inc., ITT, Inc, Pentair PLC, Weir Group PLC, Hermetic-Pumpen GmbH, Vaughn Company, Inc., Schlumberger Ltd., Clyde Union, Inc., Baker Hughes, Inc., and Dover Corporation.

5. What is the study period of this market?
Ans: The Global Industrial Pumps Market is studied from 2024 to 2032.