Market Forecast by Regions and Countries (North America, Europe, LATAM, Middle East, Asia and Africa), 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: ETC13198957 | Publication Date: Apr 2025 | Updated Date: Jun 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 300 | No. of Figures: 90 | No. of Tables: 30 | |
According to 6wresearch internal database and industry insights, Global Pumps Market is projected to grow at a CAGR of 5.2% from 2025-2031. The Global Pumps Market was valued at USD 60 billion in 2024 and is expected to reach USD 85 billion by 2031.
Report Name | Global Pumps Market |
Forecast Period | 2025-2031 |
Market Size | USD 85 billion by 2031 |
CAGR | 5.2% |
Growing Sector | Construction |
The Global Pumps Market report thoroughly covers the market by regions and countries, product, position, technology. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and market drivers to help stakeholders align their strategies with current and future market dynamics.
The Pumps Market is experiencing tremendous growth. This growth is propelled by various such as increasing demand across industries such as building & construction, oil & gas, and municipal applications. The Global Pumps Industry is characterized by advancements in pump technologies, including energy-efficient and smart pumps, which are gaining popularity attributed to their ability to reduce operational costs and increase efficiency. The growing focus on infrastructure development, particularly in growing economies, is further fueling demand for pumps. However, the market faces challenges such as changing raw material prices and high maintenance costs. In spite of these hurdles, the market continues to expand, supported by innovation and the rising need for sustainable solutions.
The Global Pumps Market is anticipated to grow at a CAGR of 5.2% during the forecast period 2025-2031. The market is primarily driven by the increasing demand for pumps in the building & construction sector, where they are important for dewatering, water supply, and concrete pumping. The increase in urbanization and infrastructure projects, particularly in Asia and the Middle East, is a major growth driver. Moreover, advancements in pump technologies, such as smart pumps with IoT combined, are developing operational efficiency and reducing energy consumption, while contributing to Global Pumps Market Growth. The growing focus on water and wastewater management, propelled by environmental concerns, is also contributing to market growth.
The market faces few challenges. Which includes high cost of advanced pump technologies, which hinders their adoption in small and medium-sized enterprises. Manufacturers face a key problem in regards to changing product prices. Furthermore, the market is highly competitive, with various local and foreign players contributing to Global Pumps Market Share. Stringent environmental regulations regarding energy efficiency and emissions further contribute to the cost burden for manufacturers. The need for daily basis maintenance and the risk of operational downtime is also impeding the market growth.
The Global Pumps Industry is witnessing a significant change towards energy-efficient and smart pumps, driven by the need to reduce operational costs and environmental impact. IoT-enabled pumps are gaining popularity as they allow real-time monitoring and predictive maintenance, improving efficiency and reducing downtime. Another Major trend is the rising adoption of submersible pumps in water and wastewater management, particularly in municipal applications. On the retail side, companies are adopting omnichannel strategies to increase customer experience, linking physical stores with online platforms and offering services like click-and-collect. These trends are expanding the pumps market, making it more innovative and customer-centric.
This industry offers a galore of investment opportunities in the development of energy-efficient and smart pump technologies. The rising demand for IoT-enabled pumps presents a untapped opportunity for manufacturers to invest in research and development to expand their product portfolios. Investments in water and wastewater management infrastructure, particularly in rising economies, are also promising. Another area of investment is the expansion of distribution networks, having e-commerce platforms, to improve accessibility and customer reach. Upgrading manufacturing facilities to adopt sustainable practices and meet regulatory standards is another potential investment avenue. These investments can help meet the rising demand for pumps while improving operational efficiency and sustainability.
Prominent companies in the market share include Grundfos, Xylem Inc., Flowserve Corporation, Sulzer Ltd., and KSB SE & Co. KGaA. Grundfos and Xylem Inc. dominate the market with their various product portfolios and focus on energy-efficient solutions. Flowserve Corporation and Sulzer Ltd. are known for their innovative pump technologies, while KSB SE & Co. KGaA specializes in high-performance pumps for industrial applications. These companies are focusing on sustainability, product innovation, and digital transformation to advance their competitive edge in the market.
Governments worldwide are implementing regulations to enhance energy efficiency and sustainability in the pumps market. For example, the European Union’s Energy Efficiency Directive mandates the use of energy-efficient pumps in industrial and municipal applications. Similarly, the U.S. Department of Energy (DOE) has established minimum energy performance standards for pumps. In emerging economies, governments are investing in water and wastewater management projects, creating opportunities for pump manufacturers. Policies encouraging the adoption of renewable energy sources and sustainable practices further drive market growth. These regulatory measures not only address environmental concerns but also create opportunities for innovation and growth in the market.
The Global Pumps Market industry is set for major growth. This growth is propelled by innovation and sustainability. The adoption of energy-efficient and smart pump technologies will have a great role in shaping the market future. The surge of infrastructure development projects, particularly in emerging economies, will continue to fuel demand for pumps, especially in the building & construction and municipal sectors. Companies investing in advanced technologies, such as IoT-enabled pumps and predictive maintenance solutions, will gain a competitive edge. However, addressing environmental concerns and adapting to regulatory changes will remain important. With a focus on innovation and sustainability, the market is set for high development and diversification.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Dhaval, Research Manager, 6Wresearch, “Centrifugal pumps are the fastest-growing segment due to their extensive use in industries like oil & gas, water treatment, and building & construction. Their efficiency and versatility make them a preferred choice.”
Asia is the fastest-growing region, driven by rapid industrialization, urbanization, and infrastructure development in countries like China and India. The increasing demand for pumps in municipal and industrial applications further accelerates growth in this region.
Submersible pumps are witnessing rapid growth due to their application in water and wastewater management. Their ability to operate underwater and handle challenging environments makes them ideal for municipal and industrial sectors.
Electrical-driven pumps are growing rapidly due to the global shift towards energy-efficient solutions. Their widespread use in industrial and municipal applications, coupled with advancements in electric motor technology, drives their adoption.
The building & construction sector is the fastest-growing application segment, fueled by increasing urbanization and infrastructure projects. Pumps are essential for dewatering, concrete pumping, and water supply, making them indispensable in this sector.
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 |
3 Global Pumps Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Pumps Market Revenues & Volume, 2021 & 2031F |
3.3 Global Pumps Market - Industry Life Cycle |
3.4 Global Pumps Market - Porter's Five Forces |
3.5 Global Pumps Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Pumps Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.7 Global Pumps Market Revenues & Volume Share, By Position, 2021 & 2031F |
3.8 Global Pumps Market Revenues & Volume Share, By Driving Force, 2021 & 2031F |
3.9 Global Pumps Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.10 Global Pumps Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Pumps Market Trends |
6 Global Pumps Market, 2021 - 2031 |
6.1 Global Pumps Market, Revenues & Volume, By Product, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Pumps Market, Revenues & Volume, By Portable, 2021 - 2031 |
6.1.3 Global Pumps Market, Revenues & Volume, By Stationary, 2021 - 2031 |
6.2 Global Pumps Market, Revenues & Volume, By Position, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Pumps Market, Revenues & Volume, By Submersible, 2021 - 2031 |
6.2.3 Global Pumps Market, Revenues & Volume, By Non-submersible, 2021 - 2031 |
6.3 Global Pumps Market, Revenues & Volume, By Driving Force, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Pumps Market, Revenues & Volume, By Engine Driven, 2021 - 2031 |
6.3.3 Global Pumps Market, Revenues & Volume, By Electrical Driven, 2021 - 2031 |
6.4 Global Pumps Market, Revenues & Volume, By Technology, 2021 - 2031 |
6.4.1 Overview & Analysis |
6.4.2 Global Pumps Market, Revenues & Volume, By Centrifugal Pumps, 2021 - 2031 |
6.4.3 Global Pumps Market, Revenues & Volume, By Diaphragm Pumps, 2021 - 2031 |
6.5 Global Pumps Market, Revenues & Volume, By Application, 2021 - 2031 |
6.5.1 Overview & Analysis |
6.5.2 Global Pumps Market, Revenues & Volume, By Mining, 2021 - 2031 |
6.5.3 Global Pumps Market, Revenues & Volume, By Building & Construction, 2021 - 2031 |
6.5.4 Global Pumps Market, Revenues & Volume, By Oil & Gas, 2021 - 2031 |
6.5.5 Global Pumps Market, Revenues & Volume, By Industrial, 2021 - 2031 |
6.5.6 Global Pumps Market, Revenues & Volume, By Municipal, 2021 - 2031 |
7 North America Pumps Market, Overview & Analysis |
7.1 North America Pumps Market Revenues & Volume, 2021 - 2031 |
7.2 North America Pumps Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Pumps Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Pumps Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Pumps Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Pumps Market, Revenues & Volume, By Product, 2021 - 2031 |
7.4 North America Pumps Market, Revenues & Volume, By Position, 2021 - 2031 |
7.5 North America Pumps Market, Revenues & Volume, By Driving Force, 2021 - 2031 |
7.6 North America Pumps Market, Revenues & Volume, By Technology, 2021 - 2031 |
7.7 North America Pumps Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Pumps Market, Overview & Analysis |
8.1 Latin America (LATAM) Pumps Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Pumps Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Pumps Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Pumps Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Pumps Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Pumps Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Pumps Market, Revenues & Volume, By Product, 2021 - 2031 |
8.4 Latin America (LATAM) Pumps Market, Revenues & Volume, By Position, 2021 - 2031 |
8.5 Latin America (LATAM) Pumps Market, Revenues & Volume, By Driving Force, 2021 - 2031 |
8.6 Latin America (LATAM) Pumps Market, Revenues & Volume, By Technology, 2021 - 2031 |
8.7 Latin America (LATAM) Pumps Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Pumps Market, Overview & Analysis |
9.1 Asia Pumps Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Pumps Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Pumps Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Pumps Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Pumps Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Pumps Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Pumps Market, Revenues & Volume, By Product, 2021 - 2031 |
9.4 Asia Pumps Market, Revenues & Volume, By Position, 2021 - 2031 |
9.5 Asia Pumps Market, Revenues & Volume, By Driving Force, 2021 - 2031 |
9.6 Asia Pumps Market, Revenues & Volume, By Technology, 2021 - 2031 |
9.7 Asia Pumps Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Pumps Market, Overview & Analysis |
10.1 Africa Pumps Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Pumps Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Pumps Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Pumps Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Pumps Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Pumps Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Pumps Market, Revenues & Volume, By Product, 2021 - 2031 |
10.4 Africa Pumps Market, Revenues & Volume, By Position, 2021 - 2031 |
10.5 Africa Pumps Market, Revenues & Volume, By Driving Force, 2021 - 2031 |
10.6 Africa Pumps Market, Revenues & Volume, By Technology, 2021 - 2031 |
10.7 Africa Pumps Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Pumps Market, Overview & Analysis |
11.1 Europe Pumps Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Pumps Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Pumps Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Pumps Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Pumps Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Pumps Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Pumps Market, Revenues & Volume, By Product, 2021 - 2031 |
11.4 Europe Pumps Market, Revenues & Volume, By Position, 2021 - 2031 |
11.5 Europe Pumps Market, Revenues & Volume, By Driving Force, 2021 - 2031 |
11.6 Europe Pumps Market, Revenues & Volume, By Technology, 2021 - 2031 |
11.7 Europe Pumps Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Pumps Market, Overview & Analysis |
12.1 Middle East Pumps Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Pumps Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Pumps Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Pumps Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Pumps Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Pumps Market, Revenues & Volume, By Product, 2021 - 2031 |
12.4 Middle East Pumps Market, Revenues & Volume, By Position, 2021 - 2031 |
12.5 Middle East Pumps Market, Revenues & Volume, By Driving Force, 2021 - 2031 |
12.6 Middle East Pumps Market, Revenues & Volume, By Technology, 2021 - 2031 |
12.7 Middle East Pumps Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Pumps Market Key Performance Indicators |
14 Global Pumps Market - Export/Import By Countries Assessment |
15 Global Pumps Market - Opportunity Assessment |
15.1 Global Pumps Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Pumps Market Opportunity Assessment, By Product, 2021 & 2031F |
15.3 Global Pumps Market Opportunity Assessment, By Position, 2021 & 2031F |
15.4 Global Pumps Market Opportunity Assessment, By Driving Force, 2021 & 2031F |
15.5 Global Pumps Market Opportunity Assessment, By Technology, 2021 & 2031F |
15.6 Global Pumps Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Pumps Market - Competitive Landscape |
16.1 Global Pumps Market Revenue Share, By Companies, 2024 |
16.2 Global Pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |