Pump & Compressor Manufacturing in the US - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

Extra pressure: Demand for more advanced and expensive pumps and compressors will support revenue growth

Most products in the Pump and Compressor Manufacturing industry are used by companies in the mining, manufacturing and utility sectors. As a result, demand for pumps and compressors is often determined by a variety of economic factors. For example, oil production volumes and energy prices have a direct effect on industry revenue and profit. In addition, the industry is characterized by its extensive participation in foreign markets. In 2023, exports are estimated to represent 30.4% of industry revenue, while imports satisfy 41.6% of domestic demand. Canada and Mexico are major trade partners due to their geographic proximity to the United States. China also accounts for a substantial portion of international trade, largely because of low wage costs.

Operators in this industry manufacture pumps and compressors for general use, measuring and dispensing. In addition, the industry manufactures nonagricultural spraying and dusting equipment and provides aftermarket and repair services for customers. However, pump and compressor manufacturers do not manufacture fluid power pumps, pumps for motor vehicles or air-conditioning compressors.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.