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Global Industrial Pumps Market Growth, Analysis, Forecast: By Product: Centrifugal Pump, Positive Displacement Pump, Others; By Application: Oil and Gas, Chemicals, Construction, Power, Water and Wastewater, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Industrial Pumps Market Outlook
The global industrial pumps market attained an approximate value of USD 67.56 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 3.92% to reach about USD 95.47 billion by 2032.
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The Asia Pacific Market to Continue its Dominance During the Forecast Period
Based on the region, Asia Pacific is expected to continue its dominance in the market during the forecast period. China occupies a significant share in the contribution to the growth of the regional market, owing to the several ongoing infrastructural projects and their expansion plans in the country. Furthermore, relatively significant growth of the industry in the developing nations of the region is a crucial driver for this incline. In the product range, centrifugal pumps accounted for the largest share of the market in the previous years. This trend is estimated to continue over the coming years attributing to the flourishing hydraulic fracturing in the oil and gas industry in major industrial regions. The application segment of water and wastewater is projected to lead the market during the forecast period, while the oil and gas segment is expected to grow at the highest rate.
Industrial Pumps: Market Segmentation
An industrial pump is a strong process pump installed in industrial units to move different types of products, such as water, petroleum, chemicals, wastewater, oil, and slurry, among many others.
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Based on product, the industry is segmented into:
- Centrifugal Pump
- Axial Flow Pump
- Radial Flow Pump
- Mixed Flow Pump
- Positive Displacement Pump
- Reciprocating
- Rotary
- Others
- Others
The major applications of industrial pumps are:
- Oil and Gas
- Chemicals
- Construction
- Power
- Water and Wastewater
- Others
The EMR report looks into the regional markets of industrial pumps like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
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Emerging Refinery Factories to Bolster the Market Growth for Industrial Pumps
The global market for industrial pumps is primarily propelled by the rising application of automation in industries. Utilising machines to move different materials within a factory is crucial for profitability, as well as efficiency both in terms of time and losses due to transit damage. In addition, the growth of the refinery industry and emerging factories all over the world guarantees healthy growth for the industrial pumps industry. The rising assessment activities in the oil and gas sector are anticipated to augment the demand for industrial pumps over the forecast period. Furthermore, key market players are providing a boost to the growth by investing in the R&D sector to assess the possibility of incorporation of advanced technology to further enhance the efficiency both in terms of energy consumption and maintenance of the products. However, on the flip side, stringent policies and awareness regarding carbon emission can potentially impede the market.
Key Industry Players in the Global Industrial Pumps Market
The report presents a detailed analysis of the following key players in the global industrial pumps market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Grundfos Pumps Corporation
- Xylem Inc.
- Trane Technologies plc
- KSB SE & Co. KGaA
- Iwaki America, Inc.
- Others
The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Industrial Pumps Market Analysis
8.1 Key Industry Highlights
8.2 Global Industrial Pumps Historical Market (2018-2023)
8.3 Global Industrial Pumps Market Forecast (2024-2032)
8.4 Global Industrial Pumps Market by Product
8.4.1 Centrifugal Pump
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.1.2.1 Axial Flow Pump
8.4.1.2.2 Radial Flow Pump
8.4.1.2.3 Mixed Flow Pump
8.4.2 Positive Displacement Pump
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.2.2.1 Reciprocating
8.4.2.2.2 Rotary
8.4.2.2.3 Others
8.4.3 Others
8.5 Global Industrial Pumps Market by Application
8.5.1 Oil and Gas
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Chemicals
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Construction
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Power
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Water and Wastewater
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Industrial Pumps Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2017-2021)
8.6.1.2 Forecast Trend (2022-2027)
8.6.2 Europe
8.6.2.1 Historical Trend (2017-2021)
8.6.2.2 Forecast Trend (2022-2027)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2017-2021)
8.6.3.2 Forecast Trend (2022-2027)
8.6.4 Latin America
8.6.4.1 Historical Trend (2017-2021)
8.6.4.2 Forecast Trend (2022-2027)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2017-2021)
8.6.5.2 Forecast Trend (2022-2027)
9 North America Industrial Pumps Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.2 Canada
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
10 Europe Industrial Pumps Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2017-2021)
10.1.2 Forecast Trend (2022-2027)
10.2 Germany
10.2.1 Historical Trend (2017-2021)
10.2.2 Forecast Trend (2022-2027)
10.3 France
10.3.1 Historical Trend (2017-2021)
10.3.2 Forecast Trend (2022-2027)
10.4 Italy
10.4.1 Historical Trend (2017-2021)
10.4.2 Forecast Trend (2022-2027)
10.5 Others
11 Asia Pacific Industrial Pumps Market Analysis
11.1 China
11.1.1 Historical Trend (2017-2021)
11.1.2 Forecast Trend (2022-2027)
11.2 Japan
11.2.1 Historical Trend (2017-2021)
11.2.2 Forecast Trend (2022-2027)
11.3 India
11.3.1 Historical Trend (2017-2021)
11.3.2 Forecast Trend (2022-2027)
11.4 ASEAN
11.4.1 Historical Trend (2017-2021)
11.4.2 Forecast Trend (2022-2027)
11.5 Australia
11.5.1 Historical Trend (2017-2021)
11.5.2 Forecast Trend (2022-2027)
11.6 Others
12 Latin America Industrial Pumps Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2017-2021)
12.1.2 Forecast Trend (2022-2027)
12.2 Argentina
12.2.1 Historical Trend (2017-2021)
12.2.2 Forecast Trend (2022-2027)
12.3 Mexico
12.3.1 Historical Trend (2017-2021)
12.3.2 Forecast Trend (2022-2027)
12.4 Others
13 Middle East and Africa Industrial Pumps Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2017-2021)
13.1.2 Forecast Trend (2022-2027)
13.2 United Arab Emirates
13.2.1 Historical Trend (2017-2021)
13.2.2 Forecast Trend (2022-2027)
13.3 Nigeria
13.3.1 Historical Trend (2017-2021)
13.3.2 Forecast Trend (2022-2027)
13.4 South Africa
13.4.1 Historical Trend (2017-2021)
13.4.2 Forecast Trend (2022-2027)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 8413)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) & Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
17.5 Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Grundfos Pumps Corporation
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Xylem Inc.
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Trane Technologies plc
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 KSB SE & Co. KGaA
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Iwaki America, Inc.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
List of Key Figures and Tables
1. Global Industrial Pumps Market: Key Industry Highlights, 2018 and 2032
2. Global Industrial Pumps Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Industrial Pumps Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Industrial Pumps Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Industrial Pumps Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Industrial Pumps Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Industrial Pumps Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Industrial Pumps Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Industrial Pumps Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Industrial Pumps Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Industrial Pumps Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Industrial Pumps Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Industrial Pumps Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Industrial Pumps Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Industrial Pumps Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Industrial Pumps Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Industrial Pumps Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Major Importing Countries by Volume (2020)
19. Major Exporting Countries by Volume (2020)
20. Major Importing Countries by Value (2020)
21. Major Exporting Countries by Value (2020)
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Industrial Pumps Market Structure
Key Questions Answered in the Report
The market attained a value of approximately USD 67.56 billion in 2023.
The market is projected to grow at a CAGR of 3.92% in the forecast period of 2024-2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 95.47 billion by 2032.
The market is being driven by increasing infrastructural projects and their expansion plans, rapid urbanisation, and emerging refineries.
The key trends of the market include the implementation of advanced technology like automation for smooth operations in the refinery sector and the growing demand for centrifugal pumps in the food and beverage industry.
The major regional markets for Industrial pumps are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.
The different products in the market are centrifugal pumps, and positive displacement pumps, among others.
The major applications of industrial pumps are oil and gas, chemicals, construction, power, and water and wastewater, among others.
The key players in the global industrial pumps market are Grundfos Pumps Corporation, Xylem Inc., Trane Technologies plc, KSB SE & Co. KGaA, and Iwaki America, Inc., among others.
Analyst Review
The global industrial pumps market attained a value of about USD 67.56 billion in 2023, driven by the application of industrial pumps in oil and gas industry. Aided by the investment in the R&D projects to discover the potential applications of the product, the market is expected to grow at a CAGR of 3.92% in the forecast period of 2024-2032 to reach nearly USD 95.47 billion by 2032.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The market, on the basis of products, is segmented into centrifugal pump, and positive displacement pump, among others. Based on applications, the market can be classified into oil and gas, chemicals, construction, power, and water and wastewater, among others. The major regional markets for industrial pumps are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the industry are Grundfos Pumps Corporation, Xylem Inc., Trane Technologies plc, KSB SE & Co. KGaA, and Iwaki America, Inc., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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