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 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 50.12 Billion
CAGR (2026-2031)	5.51%
Fastest Growing Segment	Irrigation Schemes
Largest Market	North America
Market Size (2031)	USD 69.15 Billion

Market Overview

The Global Engineered Pumps Market will grow from USD 50.12 Billion in 2025 to USD 69.15 Billion by 2031 at a 5.51% CAGR. Engineered pumps are specialized fluid handling systems custom-designed to meet rigorous technical specifications and specific operational requirements, such as high pressure, extreme temperatures, or the transfer of corrosive media. Unlike standard off-the-shelf units, these pumps are critical components in capital-intensive sectors including power generation, chemical processing, and oil and gas exploration. The market is primarily driven by the ongoing modernization of global water and wastewater infrastructure and the increasing requirement for energy-efficient industrial solutions to comply with stringent environmental regulations. Additionally, the expansion of downstream processing facilities in emerging economies continues to sustain the demand for these bespoke mechanical systems.

However, the market faces a significant challenge regarding the volatility of raw material costs and global economic fluctuations, which can delay capital expenditure decisions for major projects. Manufacturers must navigate these financial uncertainties while managing complex supply chains to deliver high-value equipment. This broader industrial contraction is evident in recent production figures. According to the VDMA, in 2024, the global manufacturing value of machines and equipment reached an estimated 3.26 trillion euros, representing a 1.5 percent decrease compared to the previous year. This data highlights the constrained economic environment that engineered pump manufacturers must operate within, potentially impeding rapid market expansion in the short term.

Key Market Drivers

The expansion of oil and gas exploration and refining activities serves as a primary catalyst for the engineered pumps market, necessitating robust fluid handling systems capable of withstanding high pressures and corrosive environments. As energy security concerns persist, operators are increasing capital expenditure on upstream projects and downstream processing facilities to maintain supply levels. These applications require API-compliant pumps designed for extreme operational reliability during extraction and transport phases. According to the International Energy Agency, June 2024, in the 'World Energy Investment 2024' report, global upstream oil and gas investment is expected to increase by 7 percent to reach USD 570 billion in 2024. This rise in capital allocation directly supports the procurement of specialized pumping systems required for complex hydrocarbon recovery and refinery operations.

Concurrently, the rising demand from water and wastewater treatment infrastructure propels market growth as municipalities and industries upgrade aging systems to ensure regulatory compliance and water security. Engineered pumps are essential for high-volume transfer, desalination, and filtration processes within these modernization projects. According to Ofwat, July 2024, in the '2024 Price Review' draft determinations, the regulator proposed a spending package allowing water companies in England and Wales to invest GBP 88 billion over the next five years to upgrade infrastructure. To illustrate the broader demand for such fluid control technologies, according to Sulzer, in 2024, the company reported that order intake in its Flow Equipment division increased to CHF 1.4 billion for the previous fiscal year. This sustained investment across critical sectors underscores the reliance on engineered solutions for essential utility and industrial operations.

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Key Market Challenges

The volatility of raw material costs and global economic fluctuations presents a formidable obstacle to the growth of the Global Engineered Pumps Market. This financial instability directly impacts the feasibility of long-term capital projects in essential sectors such as power generation and chemical processing. When economic indicators become unpredictable, industrial operators frequently postpone Final Investment Decisions (FIDs) to preserve liquidity. Consequently, manufacturers of engineered pumps, who rely on these high-value, bespoke contracts, experience significant disruptions in their production schedules and revenue forecasts.

This hesitation in capital allocation is quantifiable in recent industrial performance metrics. According to the VDMA Large-scale Plant Engineering Group, in 2024, domestic order intake in Germany registered a decline of 38 percent compared to the previous year. Such a substantial contraction indicates that major industrial players are deferring the modernization and expansion projects that typically drive the demand for heavy-duty fluid handling systems. Without stable economic conditions to support these large-scale infrastructure investments, the market for engineered pumps faces sustained pressure and reduced growth potential.

Key Market Trends

The Implementation of Additive Manufacturing for Complex Components is rapidly altering the production landscape for engineered pumps, specifically to address supply chain rigidities and the requirement for bespoke spare parts. Unlike traditional casting methods that necessitate expensive molds and extended lead times, 3D printing enables the on-demand fabrication of intricate hydraulic geometries, which is particularly vital for maintaining legacy equipment where original components are obsolete. This technology allows manufacturers to bypass logistical bottlenecks and deliver critical spares to capital-intensive sectors with significantly improved speed. A compelling instance of this efficiency was highlighted when a leading manufacturer deployed these techniques for a utility client. According to Sulzer, February 2025, in the 'Annual Report 2024', the utilization of advanced additive manufacturing technology for a nuclear facility project allowed the company to reduce component production time by 75 percent, thereby minimizing operational downtime for the customer.

Concurrently, the Integration of Industrial Internet of Things for Predictive Maintenance is reshaping the market as operators prioritize digital strategies to safeguard high-value assets. This trend involves embedding sensors and intelligent analytics within pumping systems to monitor vibration, temperature, and pressure in real-time, shifting maintenance strategies from reactive to predictive. By preventing catastrophic failures through data-driven insights, manufacturers are securing high-margin contracts that extend beyond hardware delivery to include lifecycle management and digital optimization. The commercial impact of this technological shift is evident in recent financial disclosures from major industry players. According to Flowserve Corporation, February 2025, in the '2024 Annual Report', the company revealed that its strategic initiatives focusing on diversification, decarbonization, and digitization captured 30 percent of its total bookings for the fiscal year, underscoring the growing reliance on digitally integrated fluid handling solutions.

Segmental Insights

The Irrigation Schemes segment constitutes the fastest-growing category in the Global Engineered Pumps Market, driven by the critical need to enhance agricultural output and address intensifying water scarcity. This growth is underpinned by substantial government investments in large-scale lift irrigation infrastructure and the modernization of existing canal systems to ensure efficient water transport over long distances. As noted by the Food and Agriculture Organization (FAO), the strategic expansion of irrigated land is essential for global food security, directly necessitating the deployment of high-performance engineered pumps capable of handling complex hydraulic requirements and ensuring reliable operation.

Regional Insights

North America maintains a dominant position in the global engineered pumps market, driven primarily by robust activities in the oil and gas sector and extensive water infrastructure projects. The United States facilitates this leadership through sustained investments in shale gas exploration and the modernization of municipal wastewater systems. Additionally, strict compliance mandates from the Environmental Protection Agency regarding energy efficiency and emissions control force industrial operators to upgrade to compliant pumping technologies. This regulatory landscape, combined with a strong established manufacturing base, ensures consistent demand for engineered pumps across energy and utility sectors within the region.

Recent Developments

• In September 2024, KSB Group launched the AmaRex Pro, a new generation of submersible motor pumps specifically engineered for wastewater applications. These pumps are equipped with high-efficiency IE5 motors and feature open two-vane impellers designed to maximize hydraulic performance while preventing clogging. A key advancement in this series is the integrated intelligent motor control system, which automatically detects blockages and initiates a deragging routine to clear them. This adaptive technology adjusts the pump's operation to the system curve, significantly reducing wear and maintenance requirements, thereby offering a robust solution for municipal and industrial wastewater challenges.
• In June 2024, Flowserve Corporation entered into a partnership with Heide Refinery to implement its Energy Advantage Program, aiming to enhance energy efficiency at the German facility. This collaboration focuses on optimizing the power consumption of the refinery's pump and valve infrastructure through a data-driven engineering evaluation. The initiative is designed to identify and execute energy-saving measures without disrupting ongoing processes, with a projected reduction in carbon emissions of over 1,300 metric tons annually. This joint effort highlights the growing importance of sustainability in the engineered pumps market, leveraging expert analysis to lower operational costs and environmental impact.
• In May 2024, Grundfos announced the launch of its new MLE motor series, a development designed to enhance the connectivity and safety of its engineered pump solutions. This innovation applies to a wide range of pump verticals, including multistage, immersible, inline, and end-suction models. The motors feature integrated Bluetooth connectivity and Modbus RTU, facilitating seamless communication with digital monitoring platforms. Engineered to support power outputs of up to 30 horsepower, the series also includes a built-in Safe Torque Off function. This product launch underscores the industry's shift towards intelligent, energy-efficient pumping systems that offer improved reliability and ease of operation.
• In February 2024, ITT Inc. signed a strategic three-year agreement with ExxonMobil to supply API-610 centrifugal pump systems and aftermarket parts. This collaboration, which includes a minimum contract commitment of $50 million, positions the manufacturer as a key partner for the energy company’s operations, primarily in North America. The agreement utilizes proprietary technology to optimize the user experience and reduce the total cost of ownership through expedited project cycles. The Industrial Process segment of the company will manage the contract, deploying a dedicated global project management team to deliver these highly engineered flow control solutions.

Key Market Players

• Flowserve Corporation
• KSB SE & Co. KGaA
• Grundfos Holding A/S
• Xylem Inc.
• Wilo SE
• SPX FLOW, Inc.
• ITT Inc.
• Mitsubishi Heavy Industries, Ltd.
• Pentair plc

By Type	By Application	By End-Use	By Region
Francis Turbine Pumps Volute Pumps Vertical Turbine Pumps Others	Irrigation Schemes Cooling Water Drainage & Flood Control Others	Agriculture & Lift Irrigation Building Services Power Oil & Gas Chemical Others	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Engineered Pumps Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Engineered Pumps Market , By Type:

• Francis Turbine Pumps
• Volute Pumps
• Vertical Turbine Pumps
• Others

• Engineered Pumps Market , By Application:

• Irrigation Schemes
• Cooling Water
• Drainage & Flood Control
• Others

• Engineered Pumps Market , By End-Use:

• Agriculture & Lift Irrigation
• Building Services
• Power
• Oil & Gas
• Chemical
• Others

• Engineered Pumps Market , By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE