Pumps Market - Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, Segmented By Type (Centrifugal & Positive Displacement), By End Use (Water & Wastewater, Building Services, Agriculture, Chemicals, Power, Oil & Gas, Mining, F&B & Pharmaceutical), By Region 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 65.03 Billion
CAGR (2026-2031)	5.82%
Fastest Growing Segment	Positive Displacement
Largest Market	North America
Market Size (2031)	USD 91.31 Billion

Market Overview

The Global Pumps Market will grow from USD 65.03 Billion in 2025 to USD 91.31 Billion by 2031 at a 5.82% CAGR. Pumps are mechanical devices designed to transport fluids by converting rotational or kinetic energy into hydrodynamic energy. The global market for these essential components is primarily driven by extensive infrastructure development and the growing necessity for effective water and wastewater management systems in rapidly urbanizing regions. Furthermore, the continuous expansion of the industrial manufacturing and power generation sectors significantly bolsters demand. According to Europump, in 2025, the European market is projected to experience an overall demand increase of approximately 4 percent which reflects this positive industrial momentum.

Despite these strong growth indicators, the industry faces a significant hurdle regarding the volatility of raw material prices and the enforcement of stringent energy efficiency regulations. Manufacturers must consistently align with rigorous environmental standards which often necessitates substantial capital investment in research and development. This financial burden coupled with fluctuating production inputs represents a considerable challenge that could potentially constrain profit margins and impede the sustained expansion of the global pumps sector.

Key Market Drivers

Rising investments in water and wastewater treatment infrastructure are acting as a primary catalyst for the Global Pumps Market. As rapid urbanization intensifies globally, municipal utilities are heavily capitalizing on modernizing aging pipeline networks and constructing new filtration facilities to ensure sanitation compliance. This systemic overhaul necessitates the widespread procurement of centrifugal and submersible pumps essential for fluid transport and sludge handling. Validating this sector's expansion, according to Xylem, February 2025, in the 'Fourth Quarter and Full Year 2024 Results', the company reported that its annual revenue reached $8.6 billion, representing a 16 percent increase largely driven by sustained demand in water utilities and industrial water applications. This financial performance underscores the direct correlation between infrastructure funding and the surging requirement for advanced fluid management solutions.

Simultaneously, the expansion of oil and gas exploration and production activities is significantly bolstering market demand. Energy corporations are increasing upstream investments to secure supply chains, creating a robust requirement for heavy-duty pumps capable of operating under high pressure in extraction environments. According to ExxonMobil, December 2025, in the 'Corporate Plan Update', the company announced plans to allocate between $27 billion and $29 billion in cash capital expenditures for 2026, prioritizing competitively advantaged opportunities in upstream production. This injection of capital into energy projects translates into substantial order volumes for equipment manufacturers. Reflecting this broader industrial momentum, according to Sulzer, February 2025, in the 'Annual Report 2024', the company's Flow Equipment division recorded an overall order intake increase of 12.3 percent, attributable to strong market activity in the energy and water sectors.

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Key Market Challenges

The Global Pumps Market faces a significant hurdle regarding the enforcement of stringent energy efficiency regulations and the volatility of raw material prices. Manufacturers are compelled to align with rigorous environmental standards, which necessitates substantial capital investment in research and development. This financial burden, coupled with fluctuating costs for essential production inputs, directly constrains profit margins and diverts resources that would otherwise be allocated to capacity expansion. As companies are forced to absorb these elevated compliance and operational costs, their ability to invest in growth initiatives is severely limited, thereby hampering the sector's sustained development.

The adverse impact of these economic and regulatory pressures is evident in the contraction of the broader industrial equipment sector, which serves as a key indicator for pump demand. The strain on capital and the uncertainty regarding input costs have led to a slowdown in procurement and industrial investment. According to VDMA, in 2024, global sales of machinery and equipment decreased by 1.5 percent compared to the previous year. This decline highlights the tangible constraints facing manufacturers, demonstrating how the dual challenges of regulatory compliance and cost instability are actively impeding the market's expansion.

Key Market Trends

The integration of Industrial IoT and smart sensor technology is fundamentally reshaping the industry by transitioning equipment from passive mechanical components to intelligent, data-generating assets. Operators are increasingly deploying pumps equipped with embedded sensors that monitor critical parameters such as vibration, temperature, and pressure in real-time to optimize operational efficiency and prevent unplanned downtime. This digital transformation allows for the precise adjustment of flow rates based on immediate system demands, thereby significantly reducing energy consumption in industrial and municipal applications. Validating the commercial traction 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 increased by 16.1 percent to reach $1.87 billion, driven largely by the accelerated adoption of smart metering and digital hardware solutions.

Simultaneously, the proliferation of solar-powered pumping systems is emerging as a critical trend, particularly within the agricultural sector where off-grid reliability is paramount. These systems offer a sustainable alternative to diesel-powered units, eliminating fuel costs and reducing carbon footprints for irrigation operations in remote regions. The technology is gaining widespread acceptance due to falling photovoltaic panel costs and government incentives aimed at promoting renewable energy in water management. 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 reached 291,269 units in 2024, reflecting a substantial surge in demand for decentralized and clean energy pumping solutions.

Segmental Insights

The Positive Displacement segment is anticipated to witness the fastest growth within the Global Pumps Market due to its critical role in handling high-viscosity fluids and sensitive materials. This expansion is largely fueled by rising requirements in water and wastewater treatment facilities where these pumps are essential for efficient sludge management. Additionally, strict environmental mandates enforced by authorities such as the U.S. Environmental Protection Agency regarding effluent discharge standards are accelerating the replacement of aging infrastructure. Consequently, industries are increasingly adopting these pumps to ensure operational compliance and maintain consistent flow rates under high pressure.

Regional Insights

North America maintains a leading position in the global pumps market, driven by substantial activity in the oil and gas sector and the expansion of chemical manufacturing. The region also experiences consistent demand arising from the modernization of aging water and wastewater infrastructure. Additionally, strict environmental compliance standards established by the United States Environmental Protection Agency compel industries to upgrade to compliant pumping systems to minimize environmental impact. This combination of industrial growth and regulatory pressure fosters a stable environment for market expansion, cementing North America’s status as a primary revenue generator.

Recent Developments

• In September 2025, Xylem announced a strategic collaboration with Amazon and water utilities in Mexico to deploy advanced smart water technologies across municipal pumping and distribution networks. The partnership focused on utilizing a proprietary software platform that integrated data analytics to detect leaks and optimize water pressure in real time. This initiative aimed to save over 1.3 billion liters of water annually by reducing losses in aging infrastructure. By combining the water technology company's engineering expertise with cloud computing capabilities, the project sought to improve water reliability for millions of residents facing rapid urbanization and drought conditions.
• In March 2025, Flowserve Corporation unveiled the INNOMAG TB-MAG Dual Drive, described as the world’s first sealless pump featuring true secondary containment. This innovative design addressed critical safety concerns in handling hazardous chemicals by hermetically sealing both the liquid and drive sections of the pump. The dual containment system ensured that even in the event of a primary breach, the motor remained isolated and leak-free, eliminating environmental risks associated with traditional canned motor pumps. This launch supported the company's strategy to diversify its portfolio with decarbonization-friendly technologies, offering plant operators a safer, low-maintenance alternative for processing toxic fluids.
• In September 2024, the KSB Group launched the AmaRex Pro, a new series of submersible motor pumps designed specifically for wastewater applications. These pumps were equipped with high-efficiency motors classified under the IE5 efficiency standard, reflecting a strong focus on energy conservation and operational sustainability in the global pumps market. The design prioritized ease of handling and robust performance to effectively manage waste water in challenging environments. This product introduction aimed to meet the increasing demand for reliable and intelligent pumping solutions in municipal and industrial sectors, combining superior motor efficiency with durable hydraulic components.
• In May 2024, Grundfos introduced a new generation of the SCALA2 domestic water booster pump, engineered to provide consistent water pressure with enhanced energy efficiency. This all-in-one unit integrated a pump, motor, tank, sensor, and drive into a compact design suitable for residential buildings. The system utilized intelligent pump control to detect fluctuations in inlet pressure and adjust performance immediately, ensuring steady flow across multiple outlets. The upgraded model featured a permanent magnet motor and improved hydraulics, allowing homeowners to reduce energy consumption significantly compared to traditional booster solutions while operating at a low noise level.

Key Market Players

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

By Type	By End Use	By Region
Centrifugal & Positive Displacement	Water & Wastewater Building Services Agriculture Chemicals Power Oil & Gas Mining F&B & Pharmaceutical	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

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

• 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
• 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