Pumps Market Report 2026

Pumps Market Overview

• Pumps market size has reached to $264.94 billion in 2025 • Expected to grow to $280.17 billion in 2030 at a compound annual growth rate (CAGR) of 6% • Growth Driver: Growing Oil And Gas Exploration Activities Fueling The Growth Of The Market Due To Rising Energy Demand And Increased Fluid Handling Requirements • Market Trend: Innovation In Compact And Modular Designs Enhancing Operational Efficiency And Flexibility • North America was the largest region in 2025 and Asia-Pacific is the fastest growing region.

What Is Covered Under Pumps Market?

Pumps refer to mechanical devices designed to move fluids such as liquids or gases by converting mechanical energy into hydraulic energy. These systems operate by creating pressure differences to transport, circulate, or control the flow of fluids across varying industrial and operational environments. They are engineered in multiple configurations to handle different pressure levels, flow rates, and fluid characteristics, ensuring efficient and reliable fluid management. The main types of pumps include centrifugal pumps, positive displacement pumps, diaphragm pumps, submersible pumps, reciprocating pumps, and vacuum pumps. Centrifugal pumps refer to mechanical devices that use a rotating impeller to move fluids by converting rotational kinetic energy into hydrodynamic energy, thereby increasing the fluid’s velocity and pressure. The various material used include metal pumps, plastic pumps, and composite pumps and different operation types include electric driven pumps, hydraulic driven pumps, pneumatic driven pumps, and engine driven pumps. They are distributed through direct sales, distributors and wholesalers, and online sales channels and serve end-user industries such as oil and gas, water and wastewater, chemical and petrochemical, power generation, pharmaceutical and healthcare, food and beverage, mining and metallurgy, and agriculture.

What Is The Pumps Market Growth Forecast?

The pumps market size is expected to see strong growth in the next few years. It will grow to $353.46 billion by 2030 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to expansion Of Infrastructure Modernization Projects In Water And Utilities, Increasing Demand From Developing Industrial Sectors And Urbanization, Growth In Advanced High Pressure Industrial Applications, Rising Replacement And Retrofit Of Aging Pump Systems, Expansion Of Large Scale Industrial Fluid Handling Requirements. Major trends in the forecast period include rising demand for water and wastewater infrastructure expansion, increasing adoption in oil and gas upstream and midstream pumping operations, growth in chemical and petrochemical processing requiring high reliability pumps, increasing deployment of high pressure and high flow industrial pumps, rising demand for corrosion resistant and abrasion resistant pump materials.

Global Pumps Market Segmentation

1) By Pump Type: Centrifugal Pumps, Positive Displacement Pumps, Diaphragm Pumps, Submersible Pumps, Reciprocating Pumps, Vacuum Pumps 2) By Material Type: Metal Pumps, Plastic Pumps, Composite Pumps 3) By Operation Type: Electric Driven Pumps, Hydraulic Driven Pumps, Pneumatic Driven Pumps, Engine Driven Pumps 4) By Sales Channel: Direct Sales, Distributors And Wholesalers, Online Sales Channels 5) By End User Industry: Oil And Gas, Water And Wastewater, Chemical And Petrochemical, Power Generation, Pharmaceutical And Healthcare, Food And Beverage, Mining And Metallurgy, Agriculture Subsegments: 1) By Centrifugal Pumps: Single Stage Centrifugal Pumps, Multistage Centrifugal Pumps, Axial Flow Pumps, Mixed Flow Pumps 2) By Positive Displacement Pumps: Gear Pumps, Screw Pumps, Lobe Pumps, Vane Pumps, Peristaltic Pumps 3) By Diaphragm Pumps: Air Operated Diaphragm Pumps, Electrically Operated Diaphragm Pumps, Double Diaphragm Pumps 4) By Submersible Pumps: Borewell Submersible Pumps, Openwell Submersible Pumps, Sewage Submersible Pumps, Slurry Submersible Pumps 5) By Reciprocating Pumps: Piston Pumps, Plunger Pumps, Metering Pumps 6) By Vacuum Pumps: Rotary Vane Vacuum Pumps, Liquid Ring Vacuum Pumps, Dry Vacuum Pumps, Diaphragm Vacuum Pumps

What Is The Driver Of The Pumps Market?

The growing oil and gas exploration activities are expected to propel the growth of the pumps market going forward. Oil and gas exploration activities refer to the processes involved in searching for and identifying underground or underwater deposits of crude oil and natural gas. The growth in oil and gas exploration activities is due to rising energy demand, leading to increased investment in discovering and developing new reserves. Pumps support oil and gas exploration by enabling the movement and pressure control of fluids during drilling and extraction processes. They improve operational efficiency and ensure safe, continuous resource recovery from subsurface reservoirs. For instance, in April 2025, according to the U.S. Energy Information Administration, a US-based government agency, the US crude oil production increased to 13.2 million barrels per day in 2024, rising by 270,000 barrels per day compared to 2023. Therefore, the growing oil and gas exploration activities are driving the growth of the pumps industry.

Key Players In The Global Pumps Market

Major companies operating in the pumps market are Parker-Hannifin Corporation, Andritz AG, NOV Inc., Dover Corporation, Xylem Inc., Ebara Corporation, Grundfos Holding A/S, Flowserve Corporation, Pentair plc, Sulzer Ltd, KSB SE & Co. KGaA, The Weir Group PLC, ITT Inc., Wilo SE, Franklin Electric Co. Inc., The Gorman-Rupp Company, Kirloskar Brothers Limited, Shakti Pumps (India) Limited, Caprari S.p.A., Amarinth Limited, Soltech Pumps & Equipment Pvt. Ltd., TPS Water Pumps

Global Pumps Market Trends and Insights

Major companies operating in the pumps market are focusing on developing advanced products, such as smart-enabled end-suction pumps, to boost energy efficiency, enhance monitoring capabilities, and reduce manual effort and operational costs. Smart-enabled end-suction pumps refer to advanced mechanisms that automatically detect and adjust water pressure and flow, while allowing remote control and diagnostics via smartphone applications. For instance, in August 2023, Grundfos, a Denmark-based pump manufacturing company, launched the NK and NKE range of end-suction pumps. These pumps offer high energy efficiency, integrated smart monitoring and connectivity capabilities, and robust design for enhanced durability in industrial and water management applications. The solutions incorporate advanced motor technology and digital controls that enable real-time performance tracking and optimized energy consumption, supporting efficient and reliable pumping operations across diverse environments.

What Are Latest Mergers And Acquisitions In The Pumps Market?

In January 2024, Atlas Copco Group, a Sweden-based industrial company, acquired Kracht GmbH for an undisclosed amount. With this acquisition, Atlas Copco strengthened its position in high-precision industrial pumps and fluid handling technologies, expanding its capabilities in hydraulic gear pumps, lubrication systems, and engineered fluid solutions for industrial applications. Kracht GmbH is a Germany-based engineering and manufacturing company specializing in high-precision industrial pumps.

Regional Insights

North America was the largest region in the pumps market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Pumps Market?

The pumps market consists of sales of gear pumps, screw pumps, peristaltic pumps, piston pumps, hydraulic pumps, axial flow pumps, mixed flow pumps, jet pumps, magnetic drive pumps, air operated double diaphragm (AODD) pumps, booster pumps, and self-priming pumps. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

How is Market Value Defined and Measured?

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

What Key Data and Analysis Are Included in the Pumps Market Report 2026?

The pumps market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the pumps industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.