Engineered Pumps Market is expected to grow at a CAGR of 5.36% through 2030F
The
global Engineered Pumps Market is expected to be led by North America, driven
by advanced industrial sectors, energy-efficient solutions, and significant
infrastructure investments during the forecast period 2026-2030F
According to TechSci Research report, “Engineered Pumps Market - Global
Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F, The
Global Engineered Pumps Market was valued at USD 49.83 billion in 2024 and is
expected to reach USD 68.15 billion by 2030 with a CAGR of 5.36% through 2030.
The growing
trend towards customization and efficiency in industrial processes is a
significant driver of the engineered pumps market. Modern industries are
increasingly demanding pumps that can be tailored to specific requirements,
whether it's for handling certain types of fluids, performing in unique
environmental conditions, or maximizing energy efficiency. Custom-engineered
pumps provide the flexibility to design systems that fit perfectly with the
operational demands of different industries, allowing for greater control over
production processes and reducing inefficiencies. For example, in the chemical
industry, pumps need to be specifically designed to handle corrosive,
high-temperature, or highly viscous fluids. Similarly, in the oil & gas
sector, pumps must be capable of managing liquids under extreme pressures while
maintaining operational integrity. The demand for highly specialized pumps also
arises from the need for systems that can deliver peak performance while
minimizing energy consumption. Energy efficiency has become a central concern
for industries looking to reduce operational costs and meet sustainability
goals. Engineered pumps, designed with precision and advanced materials, offer
significant improvements in energy efficiency, reliability, and long-term
performance, helping industries optimize their processes and lower their total
cost of ownership. This growing emphasis on tailored solutions, combined with
the push for higher efficiency, is accelerating the demand for engineered pumps
across various industrial sectors.
Energy
efficiency and sustainability have become key drivers in the Engineered Pumps
Market as industries worldwide strive to reduce their environmental impact.
With growing concerns over climate change and the increasing demand for
sustainable industrial practices, companies are prioritizing energy-saving
solutions that reduce carbon footprints and operating costs. Engineered pumps,
which are tailored to specific operational needs, are designed to optimize
energy usage, providing more efficient fluid movement while minimizing energy
consumption. For example, engineered pumps used in wastewater treatment or
chemical processing industries are increasingly being designed to handle
varying loads efficiently, ensuring energy is used only when needed and reducing
overall consumption. In response to stringent environmental regulations,
engineered pumps are being developed with higher energy ratings and features
that enhance their efficiency, such as variable speed drives and advanced
sealing technologies. As energy prices continue to rise, the financial
incentive to adopt energy-efficient pumping systems is significant. Companies
are increasingly focused on adopting pumps that not only meet performance
standards but also align with sustainability goals. This focus on energy
efficiency is expected to accelerate the growth of the engineered pumps market,
with demand for pumps that contribute to a greener, more sustainable industrial
future.
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Based
on End-Use, Oil & Gas segment dominated the Engineered Pumps Market in 2024
and maintain its leadership throughout the forecast period. The demand for
engineered pumps in the oil & gas industry is driven by the need for
high-performance solutions that can handle the complex and challenging
environments found in upstream, midstream, and downstream operations.
Engineered pumps are essential for various applications such as drilling, exploration,
transportation, and refining of petroleum products. These pumps are designed to
operate under extreme conditions, including high pressures, high temperatures,
and the movement of corrosive or abrasive fluids, making them indispensable in
the oil & gas sector. As global energy demand continues to rise and
exploration activities expand in remote and offshore areas, the need for
reliable and efficient pumping systems will remain strong. The oil & gas
industry’s ongoing focus on optimizing production and reducing downtime is
fueling the demand for advanced, customized engineered pumps that can enhance
operational efficiency and minimize maintenance costs. With significant
investments in new energy projects, particularly in offshore and deepwater oil
fields, the oil & gas segment is poised to continue leading the engineered
pumps market, making it a key driver of market growth throughout the forecast
period.
Asia
Pacific is the fastest-growing region in the Engineered Pumps Market, driven by
rapid industrialization, infrastructure development, and urbanization. The
region's growing focus on energy efficiency, sustainability, and compliance
with environmental regulations is prompting industries to adopt advanced,
high-performance pumping solutions. The expansion of renewable energy projects,
including hydropower and geothermal energy, is further contributing to the
demand for engineered pumps. With a booming manufacturing sector and increased
government spending on infrastructure projects, particularly in water and
wastewater management, Asia Pacific is emerging as a key growth hub. The
ongoing development of smart cities and industrial facilities is expected to
further fuel the demand for advanced engineered pumps in the region.
Key
market players in the Engineered Pumps Market are: -
- Flowserve Corporation
- KSB SE & Co. KGaA
- Grundfos Holding A/S
- Xylem Inc.
- Wilo SE
- SPX FLOW, Inc.
- ITT Inc.
- Mitsubishi Heavy Industries, Ltd.
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“The
Engineered Pumps Market is expected to grow significantly in the future, driven
by increasing demand for energy-efficient, high-performance pumping solutions
across diverse industries such as oil & gas, water treatment, power
generation, and chemicals. As industries focus on sustainability, regulatory
compliance, and infrastructure modernization, the adoption of advanced,
customized pumps will rise. Technological advancements like IoT integration,
predictive maintenance, and smart pumps will further enhance market growth by
improving efficiency and reducing operational costs. The ongoing expansion of
renewable energy projects and the need for advanced water management systems
will also contribute to the market’s steady growth.” said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based global management
consulting firm.
“Engineered Pumps Market
– Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By
Type (Francis Turbine Pumps, Volute Pumps, Vertical Turbine Pumps, Others), By
Application (Irrigation Schemes, Cooling Water, Drainage & Flood Control,
Others), By End-Use (Agriculture & Lift Irrigation, Building Services,
Power, Oil & Gas, Chemical, Others), By Region, By Competition, 2020-2030F” has evaluated the future growth
potential of Engineered Pumps Market and provides statistics &
information on market size, structure, and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Engineered Pumps Market.
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