Water Pump Market Size and Share Outlook - Forecast Trends and Growth Analysis Report 2025-2034

The global water pump market size reached a value of approximately USD 67.76 Billion in 2024. The market is projected to grow at a CAGR of 4.40% between 2025 and 2034, reaching a value of USD 104.23 Billion by 2034.

Key Trends in the Market

Water pump is a device used to pump/move water from one point to another using hydraulic and mechanical principles throughout the piping system. These pumps are widely used for supplying water (fluid) for industrial, residential, municipal, and agricultural purposes, among others.

• Water pumps are increasingly used for agricultural purposes, as they help in conserving water and ensuring a reliable supply of water across different field sizes for various types of crops.
• The ability of water pumps to de-flood or push out large amount of water quickly from a particular area in case of emergency or heavy rainfall is also favouring the water pump market growth.
• The use of water pumps in hydraulic mining processes is increasing as they help in getting rid of water and also dislodge rock materials and other sediments, revealing gold and gravel at the source.

Global Water Pump Market Segmentation

The report titled “Water Pump Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Pump Type

• Centrifugal Pump
• Positive Displacement Water Pump
• Others

Market Breakup by Driving Force

• Electric Driven
• Engine Driven

Market Breakup by Distribution Channel

• Direct Sales
• Indirect Sales

Market Breakup by End Use

• Oil and Gas
• Chemical
• Power Generation
• Water and Wastewater
• General Industry
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Share by Pump Type

Centrifugal pumps account for a large share of the market, as they are considered to be highly energy efficient which reduces the short-term cost and also reduces the strain on the energy systems. The size of the centrifugal pump is quite small, but the output produced is same as the other pumps. Additionally, the output obtained is consistent and steady, which is further increasing the demand for centrifugal pumps, ultimately leading to the growth of the water pump market.

Market Share by Region

The Asia Pacific accounts for a significant share of the market, owing to the rising infrastructure development in countries such as China and India. Moreover, the growth of the bio pharmaceutical industry in the region due to increased spending by local governments towards biotechnology, life sciences, healthcare, and pharmaceuticals is boosting the demand for water pumps for various applications. This, in turn, is positively influencing the growth of the market for water pumps in the Asia Pacific.

Competitive Landscape

The comprehensive report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global water pump market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.

Xylem Group

Xylem Group was founded in 2021 and is headquartered in Manchester, England. It is a water technology company that creates innovative and smart technological solutions to help meet the water and energy needs.

KSB SE & Co. KGaA

KSB SE & Co. KGaA is an engineering services company that was founded in 1871. It is headquartered in Frankenthal, Germany and is involved in the manufacturing of pumps, valves, and related systems.

Sulzer Ltd.

Sulzer Ltd. was established in 1834 and has its headquarters located in Winterthur, Switzerland. The manufacturing company is known for producing and selling pumps, compressors, aeration, and separation technologies, among others.

Other market players include Weir Group, Pedrollo SpA, ITT Goulds Pumps, Grundfos Holding A/S, JEE PUMPS (GUJ.) PVT. LTD, Ebara Corporation, and Calpeda S.p.A, among others.