The global pumps market is estimated at US$ 72 billion in 2021 and is expected to grow at a steady

Posted January 11, 2023 by Dorinda

The report, titled "Global Pumps Market" assesses the regional and global market by the pump type, the installation, the end user, and region. 

The report, titled "Global Pumps Market" assesses the regional and global market by the pump type, the installation, the end user, and region. The report is comprehensive and provides thorough historical and forecast market size along with trends analysis. The report provides market share analysis, production capacity by the top players, competitive overview and replacement rates, and the installations of automotive and industrial pumps. The report also outlines strategic requirements numbers of sales per year, expansion opportunities production overview, and an assessment of competition for the main players in the global pump market analysis.

Market overview and dynamics: increasing expenditures on modern water infrastructure are expected to propel the pump’s demand
The global market for pumps is expected to expand at a rate of 3.5% over the forecast period of 2022-2028. The market is mainly driven by the increasing investments in production and exploration by oil and gas companies and the increasing use of pumps in the petrochemical, pharmaceutical and medical industries.

The global market for pumps is expected to experience moderate growth over the next 6 years, driven mainly by the increasing private and public spending in the modern water infrastructure. The growing use by industrial pumping in the petrochemicals chemical, medical, and pharmaceutical industries is fueling the development of the global pump market. In addition, the increasing development of infrastructure and exploring new water sources globally, due to increasing urbanization and rapid growth, have played a major role in the rapid expansion of pumps.

Asia Pacific is expected to be the dominant region in the global pump market. Pumps have been in great demand because of the general economic activity across the globe. In addition, in countries such as India and China, there is a rapid increase in the pump’s demand anticipated on the back of the increasing industrial activities, construction, agricultural, and construction operations in these countries.

Segmental Analysis
Based on type, centrifugal pumps are expected to generate prominent revenue. Centrifugal pumps are the most majorly used pump as they are one of the best technologies for water and thin liquids and slurries that are encountered across every industry.
On the basis of end users, the oil and gas industry is anticipated to observe significant growth due to the excessive use of pumps and valves in the industry.
Based on region, Asia Pacific is dominating the region due to rapidly growing energy demand, coupled with a multifold increase in manufacturing and processing industries.

Competition Analysis
The global pumps market is fragmented in nature with the presence of various players in the market. emphasizing competitive pricing. Various development strategies, like business expansion and joint ventures, promote market growth and provide lucrative growth opportunities to market players. Product innovations, launches, and partnerships are the identified industry trend in the global pumps market. Significant consolidation is expected in the global market during the assessed period 2022-2028.

In February 2020, Ingersoll-Rand announced the spin-off of its industrial segment and combine it with Gardner Denver Holdings Inc. This was aimed to create an industrial company – Ingersoll-Rand Inc., with a stronger, broader portfolio of mission-critical industrial, energy, medical, and specialty vehicle products and services.
In May 2019, Ingersoll-Rand acquired the Precision Flow System, one of the prominent providers of fluid management systems consisting of brands like Milton Roy, LMI, Haskel, BuTech, Dosatron, YZ Systems, Williams, and Hartell. This acquisition enabled Ingersoll-Rand to reinforce its revenue stream by expanding its brand portfolio.
Some of the prominent players that contribute significantly to the market growth include Flowserve Corp., Grundfos Holding AS, KSB SE & Co. KGaA, ITT Inc., Sulzer Ltd., Ebara Corp., Weir Group PLC, Schlumberger Ltd., Baker Hughes Company, Clyde Union Inc., Dover Corp., Kirloskar Brothers Ltd., Ingersoll Rand, Inc. and Atlas Copco, among others.

RationalStat has segmented the global pumps market on the basis of type, installation, end user, and region

By Type
Centrifugal Pump
Axial & Mixed Flow
Others (Seal Less and Circular, Submersible)
Positive Displacement Pump
Artificial Lift
Screw and Progressive Cavity
Others (Peristatic
By Installation
By End User
Oil and Gas
Chemical and Petrochemical
Water and Wastewater
Power Generation
Others (Mining, Agriculture, Equipment)
By Region
North America
Latin America
Rest of Latin America
Western Europe
Rest of Western Europe
Eastern Europe
Rest of Eastern Europe
Asia Pacific
South Korea
ASEAN (Indonesia, Vietnam, Malaysia, etc.)
Rest of Asia Pacific
Middle East & Africa
South Africa
Rest of the Middle East & Africa
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About RationalStat LLC
RationalStat is an end-to-end US-based market intelligence and consulting company that provides comprehensive market research reports along with customized strategy and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store annually.

RationalStat has strategic partnerships with leading data analytics and consumer research companies to cater to the client’s needs. Additional services offered by the company include consumer research, country reports, risk reports, valuations and advisory, financial research, due diligence, procurement and supply chain research, data analytics, and analytical dashboards.


RationalStat LLC
Dorinda Erwin, Content and Press Manager
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Phone: +1 302 803 5429
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Issued By RationalStat
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Categories News
Tags pumps , singlestage , centrifugal pumps
Last Updated January 11, 2023