Market Forecast by Countries (United States, Canada), By Product (Portable, Stationary), By Position (Submersible, Non-submersible), By Driving Force (Engine Driven, Electrical Driven), By Technology (Centrifugal Pumps, Diaphragm Pumps), By Application (Mining, Building & Construction, Oil & Gas, Industrial, Municipal) And Competitive Landscape
Product Code: ETC059373 | Publication Date: May 2021 | Updated Date: Jan 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | North America Pumps Market |
Forecast period | 2025-2031 |
CAGR | 5.8% |
Growing Sector | Industrial sector |
This report on the North America Pumps Market thoroughly covers the market by Countries, by Product, by Position, by Driving Force, by Technology and by Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The North America Pumps Market is projected to grow substantially due to increased demand across different sectors. The market is being driven by trends such as advancements in pump technology, increasing utilization in diverse areas like mining, building & construction, oil & gas, industrial, municipal, and the burgeoning need for high-quality and cost-effective pumping solutions. Additionally, the changing consumer preferences that require efficient and reliable solutions are expected to guide the market toward a promising trajectory.
According to 6Wresearch, the North America Pumps Market size is expected to grow at a significant CAGR OF 5.8% during the forecast period of 2025-2031. The Pumps Market in North America is witnessing robust growth, spurred by innovative applications of pumps across sectors like mining, building & construction, oil & gas, industrial, municipal. As there are solutions for multiple sectors, demand continues to rise. With the advancement of technology and an increased emphasis on efficiency and reliability, the demand for pumps in North America is expected to further surge.
Despite the promising growth prospects for the North America Pumps Market, certain challenges may hinder its progress. One of the significant challenges is the environmental impact of pump manufacturing, which can impact industry regulations and usage. This can lead to slower adoption rates in certain sectors. However, with the continued research and technological advancements, these challenges are expected to be mitigated in the coming years.
The North America pumps industry is dominated by several key players known for their innovation, extensive product range, and market reach. Leading companies include Flowserve Corporation, Grundfos, Xylem Inc., and Sulzer Ltd., which excel in producing a variety of pumps for industrial, commercial, and municipal applications. These companies leverage advanced technologies to enhance efficiency, reliability, and environmental sustainability, maintaining a competitive edge in the market. Additionally, companies like KSB and ITT Inc. also hold significant market shares, contributing to the industry's growth through continuous research and development and strategic acquisitions.
In North America, the pumps market operates under various government regulations aimed at ensuring product safety, environmental sustainability, and market competitiveness. These regulations typically include adherence to national standards such as those set by the American National Standards Institute (ANSI) for product quality and safety. Additionally, environmental regulations enforced by the Environmental Protection Agency (EPA) require manufacturers to comply with emissions standards and waste management protocols to minimize environmental impact. Import and export regulations overseen by the Department of Trade also play a crucial role in managing market entry and ensuring fair competition. Overall, these regulations aim to foster a robust market environment that prioritizes consumer safety, environmental responsibility, and fair trade practices within the pumps industry in North America.
The pumps market in North America is poised for significant growth driven by several key factors. Technological advancements such as the development of energy-efficient and environmentally friendly pump solutions are expected to gain prominence, aligning with global sustainability trends. Additionally, increasing applications across diverse industries including mining, building & construction, oil & gas, industrial, municipal are set to expand the market's scope. Market players are likely to focus on innovation, customization, and enhancing service offerings to cater to evolving consumer demands and regulatory requirements. Moreover, strategic investments in research and development, coupled with partnerships and collaborations, will play a pivotal role in shaping the competitive landscape and fostering market expansion in North America.
According to Ravi Bhandari, Research Head, 6Wresearch, United States is expected to dominate the North America Pumps Market in terms of growth. This can be attributed to the country's advanced industrial landscape and increasing demand for efficient pumping solutions across various industries.
The stationary pumps segment is expected to witness significant growth due to its wide range of applications in various industries such as mining, building & construction, oil & gas, industrial, and municipal. These pumps are highly efficient and suitable for heavy-duty operations, making them ideal for use in these industries.
The submersible pumps segment is expected to witness the highest growth in the North America Pumps Market. This can be attributed to their extensive use in critical industries such as mining, industrial applications, and municipal water management. These pumps are highly efficient and designed for heavy-duty operations, making them ideal for use in these sectors.
The electrical driven pumps are expected to dominate the North America Pumps Market due to their energy efficiency and consistent performance. With increasing emphasis on sustainability and cost-effectiveness, these pumps are likely to see a higher demand in the coming years.
The centrifugal pumps are driving the most growth in the North America Pumps Market. This is due to their high efficiency and wide range of applications across various industries. However, with increasing focus on sustainability and cost-effectiveness, diaphragm pumps are also expected to see significant growth in the coming years.
Industrial applications are expected to have the highest growth in the North America Pumps Market. This can be attributed to the increasing demand for efficient pumping solutions in manufacturing, chemicals, and food processing industries.
The report offers a comprehensive study of the subsequent market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3North America Pumps Market Overview |
3.1North America Country Macro Economic Indicators |
3.2North America Pumps Market Revenues & Volume, 2021 & 2031F |
3.3North America Pumps Market - Industry Life Cycle |
3.4North America Pumps Market - Porter's Five Forces |
3.5North America Pumps Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6North America Pumps Market Revenues & Volume Share, By Product 2021 & 2031F |
3.7North America Pumps Market Revenues & Volume Share, By Position 2021 & 2031F |
3.8North America Pumps Market Revenues & Volume Share, By Driving Force 2021 & 2031F |
3.9North America Pumps Market Revenues & Volume Share, By Technology 2021 & 2031F |
3.10North America Pumps Market Revenues & Volume Share, By Application 2021 & 2031F |
4North America Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5North America Pumps Market Trends |
6North America Pumps Market, By Countries |
6.1North America Pumps Market, By Product |
6.2North America Pumps Market, By Position |
6.3North America Pumps Market, By Driving Force |
6.4North America Pumps Market, By Technology |
6.5North America Pumps Market, By Application |
6.1.1 Overview and Analysis |
6.1.2North America Pumps Market Revenues & Volume, By Countries, 2021-2031F |
6.1.3North America Pumps Market Revenues & Volume, By United States, 2021-2031F |
6.1.4North America Pumps Market Revenues & Volume, By Canada, 2021-2031F |
6.2North America Pumps Market, By Product |
6.2.1 Overview and Analysis |
6.2.2North America Pumps Market Revenues & Volume, By Portable, 2021-2031F |
6.2.3North America Pumps Market Revenues & Volume, By Stationary, 2021-2031F |
6.3.1North America Pumps Market, By Position |
6.3.2 Overview and Analysis |
6.3.3North America Pumps Market Revenues & Volume, By Submersible, 2021-2031F |
6.3.4North America Pumps Market Revenues & Volume, By Non-submersible, 2021-2031F |
6.4.1North America Pumps Market, By Driving Force |
6.4.2 Overview and Analysis |
6.4.3North America Pumps Market Revenues & Volume, By Engine Driven, 2021-2031F |
6.4.4North America Pumps Market Revenues & Volume, By Electrical Driven, 2021-2031F |
6.5.1North America Pumps Market, By Technology |
6.5.2 Overview and Analysis |
6.5.3North America Pumps Market Revenues & Volume, By Centrifugal Pumps, 2021-2031F |
6.5.4North America Pumps Market Revenues & Volume, By Diaphragm Pumps, 2021-2031F |
6.6.1North America Pumps Market, By Application |
6.6.2 Overview and Analysis |
6.6.3North America Pumps Market Revenues & Volume, By Mining, 2021-2031F |
6.6.4North America Pumps Market Revenues & Volume, By Building & Construction, 2021-2031F |
6.6.5North America Pumps Market Revenues & Volume, By Oil & Gas, 2021-2031F |
6.6.6North America Pumps Market Revenues & Volume, By Industrial, 2021-2031F |
6.6.7North America Pumps Market Revenues & Volume, By Municipal, 2021-2031F |
7North America Pumps Market Import-Export Trade Statistics |
7.1North America Pumps Market Export to Major Countries |
7.2North America Pumps Market Imports from Major Countries |
8North America Pumps Market Key Performance Indicators |
9North America Pumps Market - Opportunity Assessment |
9.1North America Pumps Market Opportunity Assessment, By Countries, 2021 & 2031F |
9.2North America Pumps Market Opportunity Assessment, By Product, 2021 & 2031F |
9.3North America Pumps Market Opportunity Assessment, By Position, 2021 & 2031F |
9.4North America Pumps Market Opportunity Assessment, By Driving Force, 2021 & 2031F |
9.5North America Pumps Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.6North America Pumps Market Opportunity Assessment, By Application, 2021 & 2031F |
10North America Pumps Market - Competitive Landscape |
10.1North America Pumps Market Revenue Share, By Companies, 2024 |
10.2North America Pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |