Pumps Market Size Expected to Grow at 5.45% CAGR, Hitting USD 86.10 Billion by 2030

Pumps Market is projected to be valued at USD 68.27 billion in 2025 and is anticipated to grow to USD 86.10 billion by 2030, registering a CAGR of 5.45% over the forecast period (2025–2030)

Market Overview

The global pumps industry continues to demonstrate resilience and adaptability, evolving to meet the needs of sectors such as water and wastewater, oil and gas, power generation, and manufacturing. With increasing demand for energy-efficient systems, the market is experiencing steady innovation in both product design and application strategy.

As infrastructure modernization and environmental sustainability take center stage, the pumps market is being reshaped by stringent regulations, digital monitoring solutions, and a growing emphasis on lifecycle efficiency.

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Growth Drivers Shaping the Market

Infrastructure and urban development: Government investments in water supply, drainage, and sanitation projects are driving the demand for municipal pumping systems.

Industrial automation and modernization: As factories upgrade machinery, there's a growing need for pumps integrated with smart technologies to improve efficiency and reduce operational costs.

Environmental regulations: Compliance with environmental standards is increasing the use of specialized pumps that minimize leakage, reduce emissions, and handle hazardous materials safely.

Renewable energy projects: With expansion in solar-powered irrigation and geothermal energy setups, new application opportunities are emerging for niche pump types.

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Market Segmentation Overview

The pumps market can be segmented based on product type, end-user industry, and geography. Common classifications include:

By Product Type:

Centrifugal Pumps

Positive Displacement Pumps (Diaphragm, Gear, Piston)

Submersible Pumps

Peristaltic and Screw Pumps

By End-User Industry:

Water & Wastewater

Oil & Gas

Power Generation

Chemicals

Food & Beverage

Pharmaceuticals

Construction & Mining

By Region:

North America

Europe

Asia-Pacific

Middle East & Africa

South America

Asia-Pacific holds the largest market share due to rapid industrialization, infrastructure development, and strong manufacturing presence in China and India.

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Key Trends:

Growth in the water and wastewater segment: Driven by urban population growth and water scarcity issues, governments and industries are investing in water treatment infrastructure. This is creating consistent demand for centrifugal and submersible pumps.

Shift toward energy-efficient pumps: Regulatory pressure and high operational costs are pushing end users to adopt energy-saving technologies such as variable frequency drives (VFDs) and smart pumps.

Digital integration and remote monitoring: The adoption of IoT-enabled pumps allows predictive maintenance and real-time performance tracking, reducing downtimes and enhancing productivity.

Demand from the oil & gas sector: While volatile, the sector remains a significant consumer of high-performance pumps, especially in upstream and midstream applications, where reliability and pressure handling are key.

Rise in HVAC and building automation: Pumps used in heating, ventilation, and air conditioning systems are in greater demand as commercial and residential construction recovers.

Major global players include:

• Grundfos
• Xylem Inc.
• Flowserve Corporation
• Sulzer Ltd.
• KSB SE & Co. KGaA
• Ebara Corporation
• ITT Inc.

Conclusion

The global pumps market is set to witness consistent demand across sectors, with strong contributions from water infrastructure, industrial upgrades, and environmental compliance needs. As digital technology and energy efficiency continue to redefine industrial standards, manufacturers who adapt quickly and invest in R&D are likely to lead the way.

In addition to trend analysis, Mordor Intelligence offers a comprehensive competitive landscape featuring profiles of major market players, detailing their product offerings, market strategies, and recent developments.

For a comprehensive understanding of the trends shaping the future of the Pumps Industry, access the full report on the Pumps Market here. Stay ahead of the curve by leveraging our insights to drive your strategic decisions.

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