The global industrial pumps market size was valued at USD 43.90 billion in 2023 and is projected to reach USD 59.95 billion by 2030, expanding at a CAGR of 4.5% from 2024 to 2030. Increasing adoption of industrial pumps across water & wastewater, chemicals, oil & gas, and power generation industries is expected to fuel market growth.Rising population, rapid urbanization, and ongoing industrial development are contributing to greater wastewater generation worldwide. In water and wastewater treatment facilities, industrial pumps play a crucial role in transferring wastewater from lower to higher elevations, ensuring smooth, continuous, and cost-effective treatment. Their ability to handle highly viscous fluids at a consistent flow rate makes them particularly suitable for wastewater processing. As wastewater treatment facilities continue to expand, the demand for industrial pumps is expected to rise accordingly.
Key Market Trends & Insights
• The Asia Pacific industrial pumps market held the largest share in 2023.
• China accounted for over 43.2% of the Asia Pacific market.
• By product, the centrifugal pump segment dominated with 67.4% share in 2023.
• By application, the water & wastewater treatment segment led the market in 2023.
Market Size & Forecast
• 2023 Market Size: USD 43.90 Billion
• 2030 Projected Market Size: USD 59.95 Billion
• CAGR (2024–2030): 4.5%
• Largest Market (2023): Asia Pacific
Key Industrial Pumps Company Insights
Major companies operating in the global industrial pumps market include Grundfos Holding A/S, Xylem, Ingersoll-Rand, Flowserve Corporation, Sulzer Ltd., and EBARA International Corporation.
• Grundfos Holding A/S offers an extensive product range including pumps, mixing loops, disinfection systems, digital dosing pumps, water treatment systems, and more.
• Ingersoll-Rand provides pump solutions to sectors such as aerospace, plastics, electronics, food & beverage, marine, power generation, and wastewater treatment.
Emerging participants include SPX Flow, Iwaki Co. Ltd., Vaughan Company, and HERMETIC-Pumpen GmbH.
• SPX Flow supports industries such as chemical processing and mining with pumps, filters, mixers, and heat exchangers.
• HERMETIC-Pumpen GmbH specializes in hermetically sealed centrifugal pumps, including magnetic drive, canned motor, and vacuum pumps.
Market players are increasingly focusing on R&D, product customization, mergers & acquisitions, and geographical expansions to strengthen their presence. For example, in July 2023, Xylem, in partnership with the Tiba Manzalawi Group, opened a new pump manufacturing facility in Egypt to support advanced water solutions across North America and other regions.
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