The global industrial pumps market size was US$ 58172.7 million in 2021. The global industrial pump market is forecast to reach US$ 84242.1 million by 2030, growing at a compound annual growth rate (CAGR) of 4.2% during the forecast period from 2022 to 2030.

Industrial pumps help to control, regulate, and direct gasses, liquids, vapors, and slurries in the process industry. The materials used to create range from cast iron to stainless steel to carbon steel, including metals used in water and wastewater treatment, oil & power, food & beverage, chemicals, and more. The three main parts of this pump are the main body, the stem, and the seat. They are developed using various materials, such as polymers, rubber, metals, and many others, so that liquid does not spill. 

Factors Influencing Market Growth

• The increasing adoption of industrial pumps in petrochemicals, chemicals, medical, and pharmaceutical industries drive the global market during the forecast period.
• The growing demand for food from nations such as Brazil, India, and others, expands the agriculture industry, which, in turn, fuels the growth of the food & beverages processing industry. It is increasing the demand for industrial pumps, thus, boosting the global market growth.
• Instabilities in raw material costs may have a negative impact on the overall industry growth.
• Rising technological innovations are forecast to offer lucrative opportunities for the global market during the forecast period.

Impact Analysis of COVID-19

The COVID-19 pandemic had a negative impact on the global market growth. Many Governments globally imposed lockdown in order to prevent the spread of the COVID-19 virus. As a result, the production of the product declined owing to the lack of raw materials and labor. This further declined the sales of the global market.  

Regional Insights

The Asia Pacific region accounted for the largest market share and is forecast to garner significant growth during the forecast period. As the groundwater levels are declining in the region, water reuse has become increasingly popular in recent years, which is developing the use of pumps for the building of water and wastewater infrastructure, resulting in the growing demand for the market in the region.

 North America is forecast to have lucrative growth in the market during the forecast period. The rising need for industrial pumps in North America promotes the importation of industrial pumps from other countries, thus fueling the growth of the industrial pumps market. 

Leading Competitors

The leading prominent companies profiled in the global industrial pump market are:

• EBARA Corporation
• All Pumps Sales & Service
• Flowserve Corporation
• Gainesville Industrial Electric Co.
• Gemmecotti Srl
• Grundfos Pumps Corporation
• Inoxmim
• ITT Inc
• Koshin Ltd.
• Premier Fluid Systems Inc.
• Pump Engineering Company
• Sulzer
• The Weir Group plc
• Torishiima Pump Mfg. Co., Ltd
• Xylem
• Other Prominent Players

Scope of the Report

The global industrial pump market segmentation focuses on Type, Stage Type, Propulsion, Position, Application, Industry, and Region.

Segmentation based on Type

• Dynamic Pump
  • Centrifugal pump
  • Vertical Centrifugal Pump
  • Horizontal Centrifugal Pump
  • Submersible Pump
  • Fire Hydrant Pump
• Positive Displacement Pump
  • Diaphragm Pump
  • Gear pump
  • Piston Pump
  • Lobe Pump

Segmentation based on Stage Type

• Single Stage Pump
• Two-Stage Pump
• Multi-Stage Pump

Segmentation based on Propulsion

• Engine- Driven
• Electric Driven Type

Segmentation based on Position

• Diving Type
• Non-Submersible Type

Segmentation based on Application

• Engines
• Fire Suppression
• Flood Prevention
• Sewage And Waste
• Water Movement
• Chemical Processing
• Fluid Management
• Others

Segmentation based on Industry

• Agriculture
• Construction
• Industrial
• Municipal
• Chemical & Materials
  • Basic
  • Advanced Chemicals
  • Materials
• Oil and Gas
  • Upstream
  • Downstream (Refineries and Pipeline)
  • Healthcare
• Metal & Mining
  • Steel
• Manufacturing
• Medical
• Food and Beverage Processing
• Automotive
• Infrastructure
• Others

Segmentation based on Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Western Europe
    • The UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Western Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Australia & New Zealand
  • ASEAN
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of MEA
• South America
  • Brazil
  • Argentina
  • Rest of South America