Pumps Market Report Scope & Overview:

The Pumps Market was valued at USD 58.32 Billion in 2025 and is expected to reach USD 94.90 Billion by 2035, growing at a CAGR of 4.99% from 2026-2035.

Pumps act as the mechanical foundation of various industrial, municipal, and commercial processes through which liquid and gas are moved during all phases of production, delivery, and utilization. Market dynamics include rising demand from end-user industries, innovations in pump technologies, and ongoing global industrialization and manufacturing. Population growth along with urbanization in the world has been resulting in the development of infrastructures and industrial activities, leading to constant demand for pumps in water management, chemical processing, oil & gas, and agricultural industries. Pumps are essential for maintaining efficiency, circulation of fluids, and energy consumption within industrial operations, and innovations in energy-efficient pump systems and digital connectivity are continuously changing the buying behavior of various end-users.

In March 2026, ITT Inc. completed the acquisition of SPX FLOW, Inc., strengthening its flow platform and expanding its presence in attractive end markets. Following the transaction, the company renamed its combined legacy Industrial Process segment and SPX FLOW as Flow Technologies, reflecting a broader industry trend of established pump manufacturers pursuing scale and portfolio consolidation to strengthen their competitive position across an increasingly diverse range of industrial fluid-handling applications.

To Get more information Pumps Market - Request Free Sample Report

Pumps Market Trends

• Rising adoption of energy-efficient electric motor-driven pumps replacing older, less efficient pneumatic and hydraulic systems.

• Growing investment in smart pump technologies enabling predictive maintenance and remote operational monitoring.

• Expanding demand for positive displacement pumps across high-viscosity and precise fluid-transfer industrial applications.

• Increasing government investment in municipal water and wastewater infrastructure modernization worldwide.

• Rising consolidation among established pump manufacturers pursuing scale and complementary technology acquisitions.

• Growing emphasis on digital platforms supporting remote monitoring and control across industrial pump operations.

U.S. Pumps Market Outlook

The U.S. Pumps Market was valued at USD 11.64 Billion in 2025 and is expected to reach USD 18.25 Billion by 2035, growing at a CAGR of 4.60% from 2026-2035.

The United States Pumps Market is continuing to gain from continued investments in water infrastructure, the growth in local chemical and manufacturing capacity, and the continued activity in the oil and gas industry where dependable fluid transfer equipment is required. Nations like the United States have prioritized hydraulic fracturing within their oil and gas industry, leading to the need for pumps that can meet high-pressure and high-flow specifications throughout more complex extraction processes. The continued investments in local infrastructure along with the expansion of manufacturing capacity continue to drive continued demand for pumps throughout the nation.

ITT Inc. reported that orders were up 10% in total during 2025, with strength in pump projects and contributions from its 2025 kSARIA acquisition driving an end-of-year backlog of approximately $1.9 billion. The company, headquartered in White Plains, New York, grew organic revenue 5% during the year, reflecting sustained domestic and international demand for engineered pump and flow control solutions across the transportation, industrial, and energy markets the company serves.

Pumps Market Segment Analysis

• By Type, the Centrifugal Pumps segment dominated the Pumps Market with approximately 66.60% share in 2025, while the Positive Displacement Pumps segment is the fastest growing with a CAGR of approximately 6.20%.

• By Drive Type, the Electric Motor Driven segment dominated the Pumps Market with approximately 72.60% share in 2025, and is also the fastest growing with a CAGR of approximately 5.60%.

• By End-Use, the Water & Wastewater segment dominated the Pumps Market with approximately 24.60% share in 2025, while the Chemical segment is the fastest growing with a CAGR of approximately 6.40%.

By Type, Centrifugal Pumps Dominates the Pumps Market and Positive Displacement Pumps Grows Fastest

Centrifugal pumps dominate the market in terms of market size and are responsible for this situation due to the vast application areas of such pumps in water treatment plants, power stations, chemicals, and oil and gas industry. They are considered ideal for pumping a large amount of fluids with low viscosity as they have a relatively simple structure, do not need too much maintenance, and are cost-effective to use continuously.

Positive displacement pumps can be called the most promising one as they show the highest growth rates due to increasing demand from sectors where viscous, abrasive, or accurate dosing is required. Such sectors include oil and gas, chemical processing, and food and beverage manufacturing. Positive displacement pumps do not depend on the change of the pressure in the system.

By Drive Type, Electric Motor Driven Dominates the Pumps Market and Also Grows Fastest

Electrical motor operated pumps have the highest share of drive type, as they continue to remain the preferred means of power used across the majority of installations of pumps in both industrial and civic settings. They continue to remain the preferred choice due to their reliability and the ease of controlling pumps using this medium of power generation.

Electric motor operated pumps also represent the fastest growing type of pump drives, owing to rising industrialization and urbanization all across the globe and the increasing demand for more reliable and efficient pumps. Global trends towards greater use of electricity, along with the strict standards for energy efficiency, have made electric pumps more preferred than pneumatic or hydraulic ones.

By End-Use, Water & Wastewater Dominates the Pumps Market and Chemical Grows Fastest

Water and wastewater treatment constitute the largest end-use market for pumps, owing to increasing worries about water scarcity, pollution, and the necessity for the construction and upgrading of water and wastewater treatment facilities throughout the world. The vast infrastructure of municipal and industrial water treatment plants, which require efficient pumping solutions, continues to ensure that the end-use sector remains the largest contributor to global pump demand.

Chemical production constitutes the fastest-growing end-use market for pumps on account of increasing demand for precision dosing, process efficiency, and energy savings in chemical manufacturing and processing plants. Increasing chemical production capacity in emerging countries where industrial diversification is taking place ensures that this end-use market maintains its above-average growth rate.

Regional Analysis

Asia Pacific Pumps Market Insights

Asia Pacific accounted for approximately 45.60% of the global Pumps Market in 2025, making it both the largest and fastest-growing regional market, supported by rapid industrialization, expanding infrastructure, rising investment in water and wastewater management, and the continued development of manufacturing and energy-intensive industries across the region. China's substantial manufacturing base and infrastructure investment pipeline continue to anchor regional demand for both standard and advanced pump technology.

India's expanding industrial and agricultural sectors continue to contribute meaningful incremental growth, supported by sustained government infrastructure investment. Japan and South Korea contribute additional scale through established manufacturing and export-oriented industries increasingly demanding high-efficiency, smart pump technology meeting international performance standards, reinforcing Asia Pacific's position as both the largest and fastest-growing market through the forecast period.

Get Customized Report as per Your Business Requirement - Enquiry Now

North America Pumps Market Insights

North America constitutes an important market segment of the global Pumps Market, due to the well-established industrial presence and investments in the development of the water infrastructure of the United States. In addition to this, the presence of an already developed oil and gas industry, which includes hydraulic fracturing, makes the requirement for efficient pumping equipment necessary and helps boost the demand.

The industrial development in Canada and Mexico adds to the demands of North America. Investments in intelligent and energy-efficient pumps in the region will continue to help North America grow steadily, though it will remain behind Asia Pacific in terms of size and growth rate.

Europe Pumps Market Insights

Europe represents a significant share of the global Pumps Market, anchored by Germany's substantial industrial and manufacturing base. Stricter environmental regulations across the region continue to boost demand for advanced pumping solutions supporting water management and effluent treatment applications.

France, Italy, and other major European markets contribute steady regional demand as national infrastructure and industrial modernization programs continue to extend advanced pump technology adoption. Regional manufacturers continue investing in energy-efficient designs to meet the EU's stringent sustainability and emissions targets.

MEA & Latin America Pumps Market Insights

The Middle East & Africa market is anchored by the United Arab Emirates and Saudi Arabia, where large-scale desalination and oil and gas sector investment continues to drive substantial demand for high-capacity pumping systems. Regional governments continue investing heavily in water infrastructure to address chronic water scarcity across the broader Gulf region.

Latin America's market is led by Brazil, where a substantial domestic industrial and agricultural sector sustains steady demand for pumps across water supply and irrigation applications. Mexico is contributing growth as regional industrial development continues to expand, with adoption across the broader region concentrated among larger industrial operators and municipal water utilities.

Market Dynamics

Growth Drivers: Industrial Expansion and Energy Efficiency Innovation

Rising demand from the end-users industry forms one of the major growth drivers for the Pumps Market, due to the rising need for efficient fluid handling systems as the process of globalization and industrialization is on the rise in the world, including such applications as chemical processes, oil and gas industry, water treatment, and agriculture industry. Development in the technology of pumps and infrastructure in industries around the world forms another major growth factor for the pumps market.

The rising global population and urbanization form the other growth driver for the market, as rising industrialization and infrastructure development increase the addressable market for pump companies. Another growth factor in technological development and energy efficient pumps.

Restraints: High Capital Investment and Elevated Energy Consumption

High capital investment requirements represent a meaningful restraint on market growth, as large-scale industrial and municipal pumping systems command substantial upfront costs that can be genuinely difficult for smaller operators to justify, particularly in price-sensitive emerging markets with more limited infrastructure budgets.

High energy consumption represents a further restraint, as pump operation continues to represent a significant portion of overall industrial and municipal energy expenditure, requiring sustained investment in energy-efficient technology to manage total cost of ownership across long operational lifecycles.

Opportunities: Smart Pump Technology and Water Infrastructure Modernization

The potential for continued development of smart pumps is significant, as manufacturers capable of offering truly reliable predictive maintenance and remote monitoring capabilities are set to benefit from growing demand by those who value efficiency and the reduction of downtime of their infrastructure.

Another opportunity comes from the modernization of legacy water and wastewater infrastructure, as there is a constant need for replacement and upgrades of pumping solutions due to growing populations and regulations. Pump manufacturers capable of meeting this challenge will have opportunities for sustained demand growth in the future.

Recent Developments:

• In September 2026, Franklin Electric completed the acquisition of Cat Pumps Corporation for $350 million in cash, expanding its commercial and industrial flow-control portfolio with high-pressure positive-displacement pumps used in industrial cleaning, reverse osmosis, water treatment, vehicle cleaning, and energy applications.

• In August 2026, Xylem announced an agreement to acquire Cornell Pump and Roper Pump from Indicor for $1.46 billion. The transaction is intended to strengthen Xylem’s engineered pumping capabilities for industrial and municipal applications and expand its presence in high-growth end markets.

• In August 2026, Metso agreed to acquire Valmet’s hose and progressive cavity pump technologies and related aftermarket business. The acquisition will broaden Metso’s slurry-handling portfolio for mining and industrial applications, particularly for abrasive, corrosive, viscous, and crystallizing slurries.

• In 2026, KSB secured multiple pump orders in India, including its first LUV pumps order for the Gadarwara Power Project, shutdown cooling pumps for the Kaiga 5 & 6 nuclear project, 2,000 solar pumps for MSEDCL, and pump orders for wind-energy, data-center, water-infrastructure, and metro-rail applications.

• In March 2025, Flowserve launched the INNOMAG TB-MAG Dual Drive pump, a sealless magnetic-drive pump featuring independent secondary containment for hazardous chemical applications. The design is intended to reduce leakage risks while improving safety and environmental protection in chemical-processing operations.

Pumps Market Key Players

• Grundfos Holding A/S

• Xylem Inc.

• Flowserve Corporation

• Sulzer Ltd.

• KSB SE & Co. KGaA

• Wilo SE

• ITT Inc.

• Pentair plc

• Ebara Corporation

• The Weir Group plc

• SPX FLOW, Inc. (ITT Inc.)

• Gorman-Rupp Company

• Ruhrpumpen Group

• Kirloskar Brothers Limited

• Franklin Electric Co., Inc.

• CIRCOR International, Inc.

• Crane Co.

• National Oilwell Varco, Inc.

• Sundyne LLC

• PSG (Dover Corporation)

Pumps Market Report Scope: