Global Pump Market, By Type (Portable, Stationary), By Position (Submersible, Non-submersible), By Technology (Dynamic Pumps [Centrifugal], Positive Displacement [Rotary {Gear, Vane, Screw}, Reciprocating {Diaphragm Piston/Plunger}]), By Driving Force (Engine-Driven, Electrical-Driven), By End-User (Mining, Building & Construction, Oil & Gas, General Industries, Water & Wastewater, Chemicals, Power Generation) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Report Code: PMI478621 | Publish Date: April 2023 | No. of Pages: 168

Global Pump Market Overview

Pumps are becoming more popular as a result of their widespread use in a range of industries, such as water and wastewater, chemical, oil and gas, and power generation, which is predicted to drive up demand. Industrial pumps are available in a range of sizes, shapes, and capacities. They're also common in the power industry, where they're employed in a range of operations ranging from circulation to boiler feed to sludge management. The growth of the chemical sector is predicted to boost product demand. The pump business is no exception to how digital transformation and new technologies are rapidly transforming the face of numerous industries. Several advancements in the efficiency of these gadgets have been developed in recent years to better align them with the digital age. As energy costs continue to rise, manufacturers are under increasing pressure to implement new business models in order to improve product monitoring while reducing environmental effect. The Global Pump Market accounted for US$ 63.40 billion in 2020 and is estimated to be US$ 105.85 billion by 2030 and is anticipated to register a CAGR of 5.30%.

Global Pump Market Dynamics

Technological Advancement will drive the growth of the Market

Pump manufacturing technological developments, as well as new product introductions focusing on improved performance, dependability, and lower energy usage, are likely to drive market expansion. Additionally, the Industrial Internet of Things (IIoT) is poised to alter the production environment by creating a digitally connected ecosystem.

Increased infrastructure building operations

Increased infrastructure building operations, as well as the investigation of new water sources around the world, have occurred in tandem with the fast adoption of pumps, owing to continued urbanization. However, the development of several Chinese competitors offering pumps at a low cost has hampered the expansion of global and regional market participants in recent years. Furthermore, the aftermarket sales of pumps and their components have been impacted by a greater focus on improving the operational life of modern-day pumps rather than spending on R&D on new products.

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Global Pump Market Segmentation

 

Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

 

 

The Global Pump Market is segmented based on type, position, driving force, technology, end-user and region.

On the basis of Type, the Global Pump Market is segmented into Portable, Stationary. Based on Position, the target market is segmented into Submersible, Non-submersible. Based on Driving Force, the target market is segmented into Engine-Driven, Electrical-Driven). Based on Technology, the target market is segmented into Dynamic Pumps [Centrifugal], Positive Displacement [Rotary {Gear, Vane, Screw}, Reciprocating {Diaphragm Piston/Plunger}]. Based on End-User, the target market is segmented into Mining, Building & Construction, Oil & Gas, General Industries, Water & Wastewater, Chemicals, Power Generation.

 

 

Regional Insights:

 

Source: Prophecy Market Insights

 

On region the Global Pump Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. During the forecast period, Asia Pacific is expected to dominate the market. The paucity of drinking and sanitation water, particularly in Asia Pacific, is expected to increase the use of recycled water for direct distribution to end customers. This is expected to increase demand for wastewater treatment systems, resulting in an increase in demand for pumps used in water and wastewater treatment plants. The Asia-Pacific region is experiencing unprecedented economic growth, which has led in the construction of industrial infrastructure. The region's industrial infrastructure is expanding, due to a policy focus on boosting the industrial sector. The majority of Asia-Pacific countries are in a boom phase, and the high rate of population expansion has resulted in an increasing need for water. Furthermore, excessive water extraction in nations like India led in a 61 percent drop in water level between 2007 and 2018. As a result, the need for high-heat pumps has increased.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Type- Portable, Stationary

By Position– Submersible, Non-submersible

By Driving Force- Engine-Driven, Electrical-Driven

By Technology- Dynamic Pumps [Centrifugal], Positive Displacement [Rotary {Gear, Vane, Screw}, Reciprocating {Diaphragm Piston/Plunger}]

By End-User- Mining, Building & Construction, Oil & Gas, General Industries, Water & Wastewater, Chemicals, Power Generation

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Pump Market report based on Type, Position, Driving Force, Technology, End-User and region.

Global Pump Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Pump Market Key Players

The key players operating in the pump market are Flowserve Corporation, Grundfos Holding AS, KSB SE & Co. KGaA, ITT Inc., Sulzer Ltd, Ebara Corporation, Weir Group PLC, Schlumberger Ltd, Baker Hughes Company, and Clyde Union Inc., among others. The global market has recently become more competitive, opening up chances for partnerships and cooperation with sales and distribution organizations. Low-cost pumps are being offered by Asian manufacturers, particularly Chinese vendors, which helps raise sales in the Asian region but reduces market share for North American and European competitors. India's players have been noticed targeting ASEAN and the Middle East and Africa. The revenue growth of Asian players is expected to boost competition in the worldwide market throughout the forecast period.

Global Pump Market Company Profile

  • Flowserve Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Grundfos Holding AS
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • KSB SE & Co.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • KGaA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ITT Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sulzer Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ebara Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Weir Group PLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Pump Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Autonomous Car Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Type
      • Market Snippet, By Position
      • Market Snippet, By Driving Force
      • Market Snippet, By Technology
      • Market Snippet, By End-user
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Pump Market, By Type, 2020 – 2030, (US$ Mn)
    • Overview         
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Portable
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Stationary
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Pump Market, By Position, 2020 – 2030, (US$ Mn)
    • Overview                                                
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Submersible
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Non-Submersible
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Pump Market, By Driving Force, 2020 – 2030, (US$ Mn)
    • Overview                                   
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Engine Driven
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Electrical Driven
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  8. Global Pump Market, By Technology, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Dynamic Pumps
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Positive Displacement Pumps
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  9. Global Pump Market, By End-User, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Mining
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Building Construction
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Oil & Gas
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • General Industries
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Water & Wastewater
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Chemicals
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Power Generation
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  10. Global Pump Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Position, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Driving Force, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Position, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Driving Force, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Position, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Driving Force, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Position, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Driving Force, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Position, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Driving Force, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Technology, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  11. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  12. Company Profiles

 

  • Flowserve Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Grundfos Holding AS
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • KSB SE & Co.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • KGaA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • ITT Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sulzer Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ebara Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Weir Group PLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Pump Market is segmented into type, application and region.

The growth of the Pump Market is driven by various factors, including increased demand for pumping systems in industries such as water and wastewater, oil and gas, and manufacturing. Technological advancements, energy-efficient pumps, and the rising need for effective fluid transfer solutions contribute to the market's growth.

Challenges faced by the Pump Market may include factors such as high initial costs, maintenance challenges, and environmental concerns related to energy consumption. These aspects could act as restraints on the global expansion of the pump industry.

The report considers regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa for analysis. The Asia Pacific is estimated to witness a significantly high revenue share over the forecast period,

The key players operating in the pump market are Flowserve Corporation, Grundfos Holding AS, KSB SE & Co. KGaA, ITT Inc., Sulzer Ltd, Ebara Corporation, Weir Group PLC, Schlumberger Ltd, Baker Hughes Company, and Clyde Union Inc., among others.