The Industrial Pumps Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Industrial Pumps Market?
The market size of industrial pumps has been expanding consistently over the years. The market value is expected to increase from $85.48 billion in 2024 to $88.93 billion in 2025, with a compound annual growth rate (CAGR) of 4.0%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Industrial Pumps Industry?
The market size of the global industrial pumps is projected to reach $108.86 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.2%.
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What are the Key Growth Drivers Fueling the Industrial Pumps Market?
The key drivers in the industrial pumps market are:
• Increasing adoption of Internet of Things (IoT) for optimizing pump performance
• Expanding markets in developing regions
• Growing utilization of pumps in the oil and gas sector, and their increasing role in renewable energy
• Rising demand for industrial processing pumps
Global Market Segmentation: Identifying Major Industrial Pumps Industry Segments
The industrial pumps market covered in this report is segmented –
1) By Product: Centrifugal Pump, Positive Displacement Pump, Other Products
2) By Position: Submersible, Non-Submersible
3) By Driving Force: Engine Driven, Electrical Driven
4) By Application: Oil And Gas, Chemicals, Construction, Power Generation, Water And Wastewater, Other Applications
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What are the Emerging Trends Shaping the Future of the Industrial Pumps Market?
The key trends in the industrial pumps market are:
• The adoption of IoT for pump performance optimization is influencing the market.
• The growing role of pumps in renewable energy is an emerging trend.
• Industry 4.0 integration is significantly shaping the future of the market.
• Smart pump technologies, customization and modular designs are also trending.
Who Are the Top Competitors & Leading Players in the Industrial Pumps Market?
Major companies in the industrial pumps market are:
• Schlumberger Limited
• Baker Hughes Company
• Atlas Copco
• Xylem Inc.
• Regal Beloit Corporation
• Worthington Industries
• Alfa Laval AB
• EBARA International Corporation
• Pentair PLC.
• Idex Corporation
• Grundfos Holding A/S
• The Weir Group PLC.
• Sulzer Ltd
• ITT Inc.
• KSB SE &Co. KGaA
• Wilo SE
• SPX Flow Inc.
• Nikkiso Co. Ltd.
• Kirloskar Brothers Limited
• Flowserve Corporation
• Gorman-Rupp Company
• Tsurumi Manufacturing Co. Ltd.
• Sundyne LLC
• Iwaki Co. Ltd.
• HMS Group
• PumpWorks Inc.
• LEWA GmbH
• ClydeUnion Pumps
• Vertiflo Pump Company
• PPI Pumps Pvt. Ltd.
• Hayward Tyler Group Ltd.
• Parker Hannifin Corporation
• SPP Pumps Limited
• CRI Pumps Pvt. Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
Asia-Pacific was the largest region in the industrial pumps market in 2024, and is expected to be the fastest-growing region in the forecast period
