IMARC Group, a leading market research company, has recently releases report titled “Pumps Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033,” The study provides a detailed analysis of the industry, including the global pumps market growth, size, trends, share and forecast. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the pumps market?

The global pumps market size was valued at USD 77.34 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 99.01 Billion by 2033, exhibiting a CAGR of 2.78% during 2025-2033.

Factors Affecting the Growth of the Pumps Industry:

• Increasing Urbanization and Infrastructure Development:

The rapid urbanization and extensive infrastructure developments across the globe are major factors bolstering the market growth. Along with this, the growing demand for water and wastewater management as urban populations grow is fueling the market growth. Moreover, the rising construction of residential, commercial, and industrial facilities in urban areas, necessitating the use of efficient water circulation systems for heating, ventilation, and air conditioning (HVAC), is boosting the market growth. Furthermore, the increasing investment by governments and private sectors in infrastructure projects, such as roads, bridges, and tunnels that utilize pumps for various purposes, including dewatering and managing run-off waters, is favoring the market growth.

• Expansion of Water Treatment and Sanitation Facilities:

The rising focus on water treatment and sanitation is catalyzing the market growth. In line with this, the growing issue of water scarcity, boosting the emphasis on sustainable water management practices, which includes extensive treatment and reuse of wastewater, is fostering the market growth. Besides this, the imposition of stringent regulations by the government regarding water pollution and waste disposal, compelling industries and municipalities to invest in proper water treatment infrastructure, is enhancing the market growth. Along with this, rapid technological advancements in pump designs that are capable of handling various types of fluids with high precision in industries such as pharmaceuticals, chemicals, and food processing, are boosting the market growth.

• Rapid Technological Advancements and Smart Pump Solutions:

The burgeoning integration of the Internet of Things (IoT) and artificial Intelligence (AI) technologies into pump systems, leading to the development of smart pumps, which monitor, adjust, and report their performance in real-time, is positively impacting the market growth. They enhance the efficiency of the pumps and reduce operational costs by predicting maintenance needs and preventing failures. Besides this, the proliferation of automated pump systems that improve operational efficiency by optimizing flow rates and pressure settings according to real-time demands is fueling the market growth. Moreover, the development of advanced materials for pump construction, such as corrosion-resistant alloys and composites, that extend the lifespan of pumps and reduce the lifecycle costs is favoring the market growth.

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Pumps Market Report Segmentation:

Breakup By Product Type:

• Centrifugal Pump
  • Axial Flow Pump
  • Radial Flow Pump
  • Mixed Flow Pump
• Positive Displacement Pump
  • Reciprocating Pump
  • Rotary Pump
• Others

Centrifugal pump accounted for the largest market share due to its versatility and efficiency in a wide range of fluid movement applications, such as water supply and chemical processing.

Breakup By Application:

• Agriculture
• Construction and Building Services
• Water and Wastewater
• Power Generation
• Oil and Gas
• Chemical
• Others

Water and wastewater represented the largest segment due to the essential role of pumps in water distribution, sewage removal, and treatment processes.

Breakup By Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Asia Pacific's dominance in the pumps market is attributed to rapid industrialization, urbanization, and extensive investments in infrastructure and water management systems.

Global Pumps Market Trends:

The increasing adoption of renewable energy-powered pumping systems, like solar pumps, to align with the heightened efforts to mitigate carbon footprints and enhance energy efficiency is positively influencing the market growth. Moreover, the widespread integration of digital twin technology, which creates virtual replicas of physical pumping systems to simulate, predict, and optimize pump operations without physical trials, is catalyzing the market growth. Furthermore, the ongoing shift towards circular economy principles, leading to innovations in pump refurbishment and remanufacturing, which support sustainability goals and provide cost-effective solutions for users who need reliable pumping operations with lower capital expenditure, is favoring the market growth.

Who are the key players operating in the industry?

The report covers the major market players including:

• Baker Hughes Company
• Ebara Corporation
• Flowserve Corporation
• Grundfos Holding A/S
• ITT Inc.
• KSB SE Co. KGaA
• Pentair plc
• Schlumberger Limited
• Sulzer Ltd.
• The Weir Group PLC
• Vaughan Co. Inc.
• Xylem Inc.

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