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The Industrial Pumps Market size was valued at USD 68.1 Bn in 2023 and is expected to reach USD 102.54 Bn by 2032 and grow at a CAGR of 5.25% over the forecast period 2024-2032..
A pump is a mechanical device that moves fluid or slurries from one location to another. It works on reciprocating and rotating mechanics and can be powered by manual operation, electricity, engines, or wind power. Pumping water from wells, fuel injection, cooling towers, and other processes are all possible with this pump. The industrial pump is a heavy-duty application pump that is used to transport a variety of materials such as water, chemicals, fuel, wastewater, tar, sludge, slurry, or food.
There are many different types of pumps on the market, but centrifugal and positive displacement pumps are the most widely utilized for industrial applications. Pumps can be powered by a variety of sources, including wind, electricity, physical labor, and even motors. Mechanical pumps are used in a variety of sectors, including automotive, where they are used for aeration, water cooling, and fuel injection, to mention a few. They're also used to filter aquariums, ponds, and other water bodies. They are employed as a biomechanical technique in the medical business.
MARKET DYNAMICS
KEY DRIVERS
Chemicals and wastewater treatment are examples of different uses.
Demand for modern manufacturing facilities comes from a variety of businesses.
RESTRAINTS
Raw material price fluctuations are expected to constrain expansion.
OPPORTUNITY
Considerable exploration activity in the unconventional gas and oil industry, both onshore and offshore.
Industrial pump technical improvement is expected to give profitable prospects.
CHALLENGES
Price fluctuations have a detrimental influence on capital investments, resulting in a lack of investment in creating low-cost industrial methods and current technologies.
IMPACT OF COVID-19
Because to the shutdown of industrial businesses, the governments of several nations have imposed lockdown measures in anticipation of the beginning of the COVID-19 pandemic in 2020. Furthermore, the epidemic has caused delays in the distribution of raw materials, hurting global manufacturing capacity. Furthermore, the COVID-19 pandemic has halted manufacturing and sales of a variety of industrial pumps, owing to the protracted lockdown in key worldwide countries such as the United States, Italy, the United Kingdom, and others. In 2020, this considerably impacted the growth of the industrial pumps market.
MARKET ESTIMATION
Centrifugal pumps dominated the market in 2023. Due to their minimal maintenance, these products are widely used in a variety of applications, including water supply, fire prevention systems, sewage disposal, food and beverage industries, and chemical industries. The fast building of residential and commercial infrastructure, as well as the expansion of the manufacturing sector, are driving the worldwide centrifugal pumps market. Positive displacement pumps are predicted to rise rapidly throughout the projection period, as reciprocating pumps gain popularity as a result of their better efficiency than centrifugal pumps and their use in precision dosing and high-pressure output applications. The present sophisticated refining process, which involves high temperatures, high pressures, and the capacity to handle volatile fluids, has spurred investment in specialized reciprocating pumps. As a consequence, the positive displacement pump market is expected to increase during the projected period, propelling this industry forward.
The market was driven by the water and wastewater treatment category. Water pumping systems are in high demand due to the growing demand for water treatment facilities to fulfil the world's growing water shortage demands across municipalities and industry
The chemical industry's demand for these goods is expected to grow at the fastest rate over the projected period. As a supplier of raw materials for a variety of industries, the chemical industry is one of the most important contributors to industrial economic growth. Because of growing concerns about employee safety and the environment, the use of these goods in the chemical industry is projected to increase. Dewatering, removing surplus water to prevent waterlogging, cement manufacture, dyeing operations, roofing tile production, and dust trapping are all applications that need industrial pumps in the construction sector. Peristaltic pumps are utilized in construction for chemical dosing and cement slurry transfer.
On The Basis of Type
Centrifugal
Reciprocating
Rotary
Other
On The Basis of Position
Submersible
Non-Submersible
On The Basis of Driving Force
Engine-Driven
Electrical Driven
On The Basis of End-User
Oil & Gas
Chemicals
Water & Wastewater
General Industry
REGIONAL ANALYSIS:
In 2023, Asia Pacific leads the market with the highest rate of percent. As groundwater levels in the region decline, water reuse has grown more popular in recent years, leading in an increase in the usage of pumps in the construction of water and wastewater infrastructure, resulting in increased demand for the commodity.
Europe's economy will be fueled by rising energy demand and the government's sustained investment in renewable energy sources. Furthermore, rigorous legislation aimed at minimizing water pollution is expected to play a significant part in increasing demand for water treatment in the municipal and industrial sectors, which will propel this industry forward during the projected period.
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REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major key players are Atlas Copco Ab, Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, Itt Inc., Ksb Se & Co. Kgaa, Sulzer Ltd., The Gorman-Rupp Company, The Weir Group Plc, Xylem Inc. and Other Players
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 68.1 Billion |
| Market Size by 2032 | US$ 102.54 Billion |
| CAGR | CAGR 5.25% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Centrifugal, Reciprocating, Rotary, Other) • By Position (Submersible and Non-Submersible) • By Driving Force (Engine-Driven and electrical Driven)) • By End-User (Oil & Gas, Chemicals, Power Generation, Water & Wastewater, General Industry) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Atlas Copco Ab, Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, Itt Inc., Ksb Se & Co. Kgaa, Sulzer Ltd., The Gorman-Rupp Company, The Weir Group Plc, Xylem Inc. |
| Key Drivers | •Chemicals and wastewater treatment are examples of different uses. •Demand for modern manufacturing facilities comes from a variety of businesses. |
| Restraints | •Raw material price fluctuations are expected to constrain expansion. |
Ans: - The Industrial Pumps Market size was valued at USD 68.1 Billion in 2023.
Ans: - The Industrial Pumps Market will grow at a CAGR of 5.25% From 2024 to 2032.
Ans: - The segments covered in the Industrial Pumps Market report for study are type, position, driving force and end-use.
Ans: - In 2023, Asia Pacific leads the market
Ans: - The major key players are Atlas Copco Ab, Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, Itt Inc., Ksb Se & Co. Kgaa, Sulzer Ltd., The Gorman-Rupp Company, The Weir Group Plc, Xylem Inc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia War
4.3 Impact of Ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Industrial Pumps Market Segmentation, By Type
8.1 Centrifugal
8.2 Reciprocating
8.3 Rotary
8.4 Other
9. Industrial Pumps Market Segmentation, By Position
9.1 Submersible
9.2 non-Submersible
10. Industrial Pumps Market Segmentation, By Driving Force
10.1 Engine-Driven
10.2 Electrical Driven
11. Industrial Pumps Market Segmentation, By End-User
11.1 Oil & Gas
11.2 Chemicals
11.3 Power Generation
11.4 Water & Wastewater
11.5 General Industry
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 ATLAS COPCO AB
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 EBARA CORPORATION
13.3 FLOWSERVE CORPORATION
13.4 GRUNDFOS HOLDING A/S
13.5 ITT INC.
13.6 KSB SE & CO. KGAA
13.7 SULZER LTD.
13.8 THE GORMAN-RUPP COMPANY
13.9 THE WEIR GROUP PLC
13.10 XYLEM INC.
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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