The global industrial pumps market size is expected to reach USD 92.98 billion by 2030 It is expected to expand at a CAGR of 4.9% from 2023 to 2030. The market is primarily driven by the increasing investments in the exploration and production activities by oil & gas companies, coupled with the rising product adoption in the oil & gas industry across the globe.
The oil & gas sector is one of the most predominant markets in the world. In oil-producing regions like the Middle East, the product demand is driven by ongoing drilling activity. In addition, the rising hydraulic fracturing in the oil & gas industry is driving the demand for process equipment in the U.S., thereby driving the industry over the forecast period.
The pandemic impacted the demand for this product negatively as the lockdown restrictions aimed at limiting the spread of the virus across the globe resulted in the closure of industrial pump manufacturing facilities. Furthermore, the travel restrictions caused severe supply chain disruption, making it difficult for manufacturers to obtain raw materials for production.
The growing demand for water supply on account of the increasing population is augmenting the demand for water and wastewater treatment facilities across the world. Furthermore, the increasing investments in wastewater treatment plants, coupled with the rising adoption of pumps in these plants, are expected to drive the market over the forecast period.
Technological advancements and new product launch amid the COVID-19 pandemic restrictions are expected to drive the industry. For instance, with the launch of the DDP096, a 92cc/rev medium-duty radial piston pump that offers digital operational capabilities in the industries, Danfoss unveiled a new series of digital displacement hydraulic pumps in January 2021.
Major oil & gas refiners are anticipated to upgrade their existing infrastructure to produce low-sulfur fuels on account of the IMO 2020 standard that is effective from January 1, 2020. The demand for this product is expected to witness significant growth owing to ongoing and projected refinery upgrades across the globe.
The oil & gas sector is one of the most predominant markets in the world. In oil-producing regions like the Middle East, the product demand is driven by ongoing drilling activity. In addition, the rising hydraulic fracturing in the oil & gas industry is driving the demand for process equipment in the U.S., thereby driving the industry over the forecast period.
The pandemic impacted the demand for this product negatively as the lockdown restrictions aimed at limiting the spread of the virus across the globe resulted in the closure of industrial pump manufacturing facilities. Furthermore, the travel restrictions caused severe supply chain disruption, making it difficult for manufacturers to obtain raw materials for production.
The growing demand for water supply on account of the increasing population is augmenting the demand for water and wastewater treatment facilities across the world. Furthermore, the increasing investments in wastewater treatment plants, coupled with the rising adoption of pumps in these plants, are expected to drive the market over the forecast period.
Technological advancements and new product launch amid the COVID-19 pandemic restrictions are expected to drive the industry. For instance, with the launch of the DDP096, a 92cc/rev medium-duty radial piston pump that offers digital operational capabilities in the industries, Danfoss unveiled a new series of digital displacement hydraulic pumps in January 2021.
Major oil & gas refiners are anticipated to upgrade their existing infrastructure to produce low-sulfur fuels on account of the IMO 2020 standard that is effective from January 1, 2020. The demand for this product is expected to witness significant growth owing to ongoing and projected refinery upgrades across the globe.
Industrial Pumps Market Report Highlights
- By product, centrifugal pumps held the largest revenue share of over 67.3% in 2022 owing to their increased applications in water supply, sewage disposal, food and beverage manufacturing, chemical, and oil & gas industries
- The water and wastewater application segment is expected to expand at the fastest CAGR from 2023 to 2030 on account of the increased demand for water treatment to address the global water crisis
- The market in China is expected to expand at a CAGR of 5.8% over the forecast period owing to the rapid growth of the food and beverage industries, which is attributed to the increasing population in the country
- The Asia Pacific region is expected to expand at the fastest CAGR from 2023 to 2030 due to the region’s increased investment in industrialization
- The construction application segment held the second-largest revenue share in 2022, as a result of the increased infrastructure investment to support the growing demand for these products on account of the growth in the population
Table of Contents
Chapter 1. Methodology and Scope1.1. Research Methodology
1.2. Research Scope & Assumption
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Industrial Pumps Market Variables, Trends & Scope
3.1. Market Segmentation & Scope
3.2. Penetration and Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.4. Technology Overview
3.5. Regulatory Framework
3.6. Market Dynamics
3.6.1. Market Driver Analysis
3.6.2. Market Restraint Analysis
3.6.3. Industry Challenges
3.7. Business Environment Analysis: Industrial Pumps Market
3.7.1. Industry Analysis - Porter’s
3.7.1.1. Supplier Power
3.7.1.2. Buyer power
3.7.1.3. Threat of substitutes
3.7.1.4. Threat of new entrants
3.7.1.5. Competitive rivalry
3.7.2. PESTEL Analysis
3.7.2.1. Political Landscape
3.7.2.2. Economic Landscape
3.7.2.3. Social Landscape
3.7.2.4. Technological Landscape
3.7.2.5. Environmental Landscape
3.7.2.6. Legal Landscape
3.8. COVID-19 Impact Analysis
Chapter 4. Industrial Pumps Market: Product Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2022 & 2030
4.2. Centrifugal Pumps
4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.2.2. Axial Flow Pump
4.2.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.2.3. Radial Flow Pump
4.2.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.2.4. Mixed Flow Pump
4.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.3. Positive Displacement Pumps
4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.3.2. Reciprocating
4.3.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.3.3. Rotary
4.3.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.3.4. Others
4.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5. Industrial Pumps Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis & Market Share, 2022 & 2030
5.2. Oil & Gas
5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.3. Chemicals
5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.4. Construction
5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.5. Power Generation
5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.6. Water & Wastewater Treatment
5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
5.7. Others
5.7.1. Market estimates and forecasts, in others, 2018 - 2030 (USD Million)
Chapter 6. Industrial Pumps Market: Regional Estimates & Trend Analysis
6.1. Regional Market Snapshot
6.2. North America
6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.2.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.2.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.2.4. U.S.
6.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.2.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.2.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.2.5. Canada
6.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.2.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.2.6. Mexico
6.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.2.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.3. Europe
6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.3.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.3.4. Germany
6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.3.5. U.K.
6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.3.6. France
6.3.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.3.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.3.7. Italy
6.3.7.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.3.7.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.3.7.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.4. Asia Pacific
6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.4.4. China
6.4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.4.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.4.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.4.5. India
6.4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.4.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.4.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.4.6. Japan
6.4.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.4.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.4.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.5. Central & South America
6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.5.4. Brazil
6.5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.5.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.5.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.5.5. Argentina
6.5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.5.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.5.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.6. Middle East & Africa
6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.6.4. United Arab Emirates
6.6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
6.6.5. Saudi Arabia
6.6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
6.6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million)
6.6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million)
Chapter 7. Industrial Pumps Market - Competitive Analysis
7.1. Key global players & recent developments & their impact on the industry
7.2. Key Company/Competition Categorization
7.3. Vendor Landscape
7.4. Public Companies
7.4.1. Company market position analysis
7.5. Private companies
7.5.1. List of key emerging companies and their geographical presence
Chapter 8. Company Profiles
8.1. Grundfos Holding A/S
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Xylem
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. Ingersoll-Rand
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Flowserve Corporation
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. SPX Flow
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. KSB SE & Co. KGaA
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. Sulzer Ltd.
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Pentair
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. IWAKI CO., LTD.
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. ITT, Inc.
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
8.11. Schlumberger Limited
8.11.1. Company Overview
8.11.2. Financial Performance
8.11.3. Product Benchmarking
8.11.4. Strategic Initiatives
8.12. EBARA International Corporation
8.12.1. Company Overview
8.12.2. Financial Performance
8.12.3. Product Benchmarking
8.12.4. Strategic Initiatives
8.13. Weir Group PLC
8.13.1. Company Overview
8.13.2. Financial Performance
8.13.3. Product Benchmarking
8.13.4. Strategic Initiatives
8.14. Vaughan Company, Inc.
8.14.1. Company Overview
8.14.2. Financial Performance
8.14.3. Product Benchmarking
8.14.4. Strategic Initiatives
8.15. Hermetic-Pumpen GmbH
8.15.1. Company Overview
8.15.2. Financial Performance
8.15.3. Product Benchmarking
8.15.4. Strategic Initiatives
List of Tables
Table 1. Global centrifugal pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 2. Global axial flow centrifugal pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 3. Global radial flow centrifugal pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 4. Global mixed flow centrifugal pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 5. Global positive displacement pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 6. Global reciprocating positive displacement pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 7. Global rotary positive displacement pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 8. Global other positive displacement pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 9. Global other industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 10. Global industrial pumps market estimates and forecasts in oil & gas, 2018 - 2030 (USD Million)
Table 11. Global industrial pumps market estimates and forecasts in chemicals, 2018 - 2030 (USD Million)
Table 12. Global industrial pumps market estimates and forecasts in construction, 2018 - 2030 (USD Million)
Table 13. Global industrial pumps market estimates and forecasts in power generation, 2018 - 2030 (USD Million)
Table 14. Global industrial pumps market estimates and forecasts in water & waste water, 2018 - 2030 (USD Million)
Table 15. Global industrial pumps market estimates and forecasts in other applications, 2018 - 2030 (USD Million)
Table 16. North America industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 17. North America industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 18. North America industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 19. U.S. industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 20. U.S. industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 21. U.S. industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 22. Canada industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 23. Canada industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 24. Canada industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 25. Mexico industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 26. Mexico industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 27. Mexico industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 28. Europe industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 29. Europe industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 30. Europe industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 31. Germany industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 32. Germany industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 33. Germany industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 34. U.K. industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 35. U.K. industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 36. U.K. industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 37. France industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 38. France industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 39. France industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 40. Italy industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 41. Italy industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 42. Italy industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 43. Asia Pacific industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 44. Asia Pacific industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 45. Asia Pacific industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 46. China industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 47. China industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 48. China industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 49. India industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 50. India industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 51. India industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 52. Japan industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 53. Japan industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 54. Japan industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 55. Central & South America industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 56. Central & South America industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 57. Central & South America industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 58. Brazil industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 59. Brazil industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 60. Brazil industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 61. Argentina industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 62. Argentina industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 63. Argentina industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 64. Middle East & Africa industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 65. Middle East & Africa industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 66. Middle East & Africa industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 67. UAE industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 68. UAE industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 69. UAE industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
Table 70. Saudi Arabia industrial pumps market estimates and forecasts, 2018 - 2030 (USD Million)
Table 71. Saudi Arabia industrial pumps market revenue, by product, 2018 - 2030 (USD Million)
Table 72. Saudi Arabia industrial pumps market revenue, by application, 2018 - 2030 (USD Million)
List of Figures
Fig. 1 Information Procurement
Fig. 2 Primary Research Pattern
Fig. 3 Primary Research Process
Fig. 4 Market Research Approaches - Bottom Up Approach
Fig. 5 Market Research Approaches - Top Down Approach
Fig. 6 Market Research Approaches - Combined Approach
Fig. 7 Market Outlook
Fig. 8 Segmental Outlook
Fig. 9 Competitive Insights
Fig. 10 Market Segmentation & Scope
Fig. 11 Value Chain Analysis
Fig. 12 Market Driver Analysis
Fig. 13 Market Restraint Analysis
Fig. 14 Industrial Pumps Market: Product Movement Analysis, 2022 & 2030
Fig. 15 Industrial Pumps Market: Application Movement Analysis, 2022 & 2030
Fig. 16 Industrial Pumps Market: Regional Movement Analysis, 2022 & 2030
Fig. 17 Key Company/Competition Categorization
Fig. 18 Competitive Dashboard Analysis
Fig. 19 Company Market Position Analysis
Companies Mentioned
- Grundfos Holding A/S
- Xylem
- Ingersoll-Rand
- Flowserve Corporation
- SPX Flow
- KSB SE & Co. KGaA
- Sulzer Ltd.
- Pentair
- IWAKI CO., LTD.
- ITT, Inc.
- Schlumberger Limited
- EBARA International Corporation
- Weir Group PLC
- Vaughan Company, Inc.
- Hermetic-Pumpen GmbH
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 152 |
| Published | February 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 63.29 Billion |
| Forecasted Market Value ( USD | $ 92.98 Billion |
| Compound Annual Growth Rate | 4.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
