Industrial Pumps Market by End-User, by Applications, by Type, by Deployment & by Technology 2032
Global Industrial Pumps Market was valued at USD 8.12 Billion in 2022 and is projected to reach USD 12.55 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The industrial pumps market is experiencing rapid growth due to advancements in technology, increasing demand for automation, and the push for energy-efficient systems across various industries. Industrial pumps are essential equipment used to move liquids or slurries in a wide array of applications, from water treatment and chemical processing to oil & gas exploration and mining operations. As industries evolve, the demand for these pumps continues to rise, with various types such as centrifugal, positive displacement, diaphragm, and peristaltic pumps being widely used.
Technological innovations, including smart pumps integrated with IoT capabilities, have become a key driving factor for market growth. These pumps offer real-time monitoring, predictive maintenance, and energy efficiency, which help industries reduce operational costs. The demand for energy-efficient systems is another significant factor, as industries seek solutions that minimize energy consumption while maximizing output. Furthermore, the growth of the chemical industry and the increasing need for advanced pumps in oil and gas exploration are contributing to the expansion of the industrial pumps market.
The industrial pumps market is segmented by type, application, and geography. In terms of type, centrifugal pumps dominate the market due to their high flow capacity and versatility. Positive displacement pumps are also widely used, particularly in applications that require high pressure or precise flow control. The oil & gas, water & wastewater, and chemical industries are the primary consumers of industrial pumps, with regions like North America, Asia Pacific, and Europe witnessing significant demand due to industrialization and infrastructural development.
With the growing need for sustainability and reducing environmental footprints, industries are increasingly looking for pumps that are durable, energy-efficient, and have low maintenance costs. The introduction of regulations around energy efficiency and environmental protection is expected to further boost the market growth of industrial pumps, especially in regions with stringent policies on emissions and energy use.
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Who are the largest Global manufacturers in the Industrial Pumps industry?
- A.R. North America
- Inc
- Colfax Corporation
- Flowserve Corporation
- ITT Corporation
- Roper Technologies Inc
- SPX Flow Inc
- Vaughan Company Inc
- Iwaki America Inc
- Global Pump Company
- Grundfos Pumps Corporation
- Haight Pumps
- Pioneer Pump Inc Sulzer Brasil S.A.
- HERMETIC-Pumpen GmbH
- SEKO Bono Exacta S.p.A.
- DESMI A/S
- Summit Pump
- Inc
- Speck Pumpen Group
- Kracht GmbH
- Klaus Union GmbH
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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What are the factors driving the growth of the Global Industrial Pumps Market?
Growing demand for below applications around the world has had a direct impact on the growth of the Global Industrial Pumps Market
- Oil & Gas
- Chemicals
- Construction
- Power Generation
- Water & Wastewater
- Others
What are the types of Industrial Pumps available in the Market?
Based on Types the Market is categorized into Below types that held the largest Industrial Pumps market share In 2023.
- Centrifugal
- Reciprocating
- Rotary
- Diaphragm
Which regions are leading the Global Industrial Pumps Market?
- Global (United States, Global and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
- South America (Brazil, Argentina, Columbia, etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Detailed TOC of Global Industrial Pumps Market Research Report, 2024-2032
1. Introduction of the Global Industrial Pumps Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Industrial Pumps Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Industrial Pumps Market, By Type
6. Global Industrial Pumps Market, By Application
7. Global Industrial Pumps Market, By Geography
- Global
- Europe
- Asia Pacific
- Rest of the World
8. Global Industrial Pumps Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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