Pumps Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2021-2031

The Global Pumps Market is projected to expand from a value of USD 65.03 Billion in 2025 to USD 91.31 Billion by 2031, achieving a CAGR of 5.82%. Pumps, which are mechanical devices designed to move fluids by converting kinetic or rotational energy into hydrodynamic energy, are seeing demand primarily driven by substantial infrastructure development and the increasing need for efficient water and wastewater management in rapidly urbanizing areas. Additionally, the sustained growth of the power generation and industrial manufacturing sectors provides significant support to the market. Reflecting this positive industrial momentum, according to Europump, in 2025, the European market is anticipated to see an overall demand increase of roughly 4 percent.

Despite these positive growth projections, the industry encounters significant obstacles related to the volatility of raw material costs and the implementation of strict energy efficiency mandates. Manufacturers are required to adhere to rigorous environmental standards, which often demands heavy capital investment in research and development. This financial pressure, combined with unstable prices for production inputs, poses a considerable challenge that could potentially squeeze profit margins and hinder the long-term expansion of the global pumps sector.

Market Drivers

Increasing capital allocation toward water and wastewater treatment infrastructure serves as a major catalyst for the Global Pumps Market. As rapid urbanization continues worldwide, municipal utilities are investing heavily in upgrading aging pipeline networks and building new filtration plants to meet sanitation compliance standards. This systemic modernization drives the extensive procurement of submersible and centrifugal pumps required for sludge handling and fluid transport. Validating this growth, according to Xylem, February 2025, in the 'Fourth Quarter and Full Year 2024 Results', the company announced that its annual revenue hit $8.6 billion, marking a 16 percent rise driven largely by sustained demand in industrial water and water utilities. This performance highlights the direct link between infrastructure funding and the growing need for advanced fluid management solutions.

Concurrently, the growth of oil and gas exploration and production is significantly strengthening market demand. Energy companies are ramping up upstream investments to fortify supply chains, creating a strong requirement for heavy-duty pumps designed to operate under high pressure in extraction settings. According to ExxonMobil, December 2025, in the 'Corporate Plan Update', the corporation revealed plans to spend between $27 billion and $29 billion in cash capital expenditures for 2026, focusing on competitive upstream production opportunities. This capital injection into energy projects translates into substantial orders for equipment manufacturers. Mirroring this industrial trend, according to Sulzer, February 2025, in the 'Annual Report 2024', the company's Flow Equipment division noted a 12.3 percent increase in overall order intake, attributed to robust activity in the water and energy sectors.

Market Challenges

The Global Pumps Market encounters a substantial obstacle concerning the implementation of strict energy efficiency rules and the unpredictability of raw material costs. Manufacturers are forced to comply with demanding environmental standards, a requirement that calls for significant capital expenditure on research and development. This financial strain, along with fluctuating costs for critical production inputs, directly limits profit margins and consumes resources that might otherwise be used for capacity expansion. As companies are compelled to absorb these increased operational and compliance costs, their capacity to fund growth strategies is severely restricted, thereby slowing the sector's continuous development.

The negative influence of these regulatory and economic pressures is visible in the contraction of the wider industrial equipment sector, which acts as a crucial gauge for pump demand. The pressure on capital and uncertainty regarding input costs have resulted in a deceleration of procurement and industrial investment. According to VDMA, in 2024, global sales of machinery and equipment fell by 1.5 percent relative to the prior year. This decline emphasizes the tangible limitations manufacturers face, illustrating how the combined challenges of cost instability and regulatory compliance are actively hindering market expansion.

Market Trends

The adoption of smart sensor technology and the Industrial IoT is fundamentally transforming the industry by converting equipment from static mechanical parts into intelligent assets that generate data. Operators are increasingly utilizing pumps fitted with embedded sensors to monitor vital metrics such as pressure, temperature, and vibration in real-time, aiming to optimize efficiency and avoid unplanned outages. This digital shift enables precise adjustments of flow rates to meet immediate system needs, thereby substantially lowering energy usage in municipal and industrial applications. Confirming the commercial success of these technologies, according to Xylem, March 2025, in the 'Annual Report for Fiscal Year Ending December 31, 2024', revenue for the company's Measurement and Control Solutions segment grew by 16.1 percent to $1.87 billion, fueled largely by the rapid adoption of digital hardware solutions and smart metering.

At the same time, the spread of solar-powered pumping systems is becoming a vital trend, especially within the agricultural sector where off-grid reliability is essential. These systems provide a sustainable substitute for diesel-powered units, removing fuel expenses and decreasing carbon emissions for irrigation in remote areas. The technology is securing broad acceptance due to government incentives for renewable energy in water management and declining photovoltaic panel costs. highlighting this rapid market uptake, according to GOGLA, May 2025, in the 'Global Off-Grid Solar Market Report', the global sales volume of solar water pumps hit 291,269 units in 2024, indicating a major surge in demand for clean, decentralized pumping solutions.

Key Players Profiled in the Pumps Market

• Pentair plc
• Xylem Inc.
• Grundfos GmbH
• S. A. Armstrong Limited
• Franklin Electric Co., Inc.
• Patterson Pump Company
• Parker-Hannifin Corporation.
• IDEX Corporation

Report Scope

In this report, the Global Pumps Market has been segmented into the following categories:

Pumps Market, by Type:

• Centrifugal & Positive Displacement

Pumps Market, by End Use:

• Water & Wastewater
• Building Services
• Agriculture
• Chemicals
• Power
• Oil & Gas
• Mining
• F&B & Pharmaceutical

Pumps Market, by Region:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Pumps Market.

Available Customization

The analyst offers customization according to your specific needs. The following customization options are available for the report:

• Detailed analysis and profiling of additional market players (up to five).

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