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Pumps Market Size, Share & Trends Analysis Report By Product Type (Centrifugal Pump, Positive Displacement Pump), By Application (Oil & Gas, Chemical), By Region, And Segment Forecasts, 2023 - 2030

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  • 131 Pages
  • October 2023
  • Region: Global
  • Grand View Research
  • ID: 5899647
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Quick Summary:

In today's highly competitive environment, companies within the oil and gas industry are significantly investing in exploration and production activities. This ongoing investment trend combined with advancements in pump manufacturing technology, new product launches, and the emerging adoption of the Industrial Internet of Things (IIoT) represents a significant potential for the global pumps market growth. Apart from these technological advancements, the pump industry is also driving towards enhanced performance, reliability, and a focus on reduced energy consumption, all of which are further contributing to the global market expansion.

In the Asia Pacific region, the increasing need for access to potable water and sanitation services has led to a rise in the use of recycled water systems. The rising need for wastewater treatment systems to facilitate this, in particular, is anticipated to escalate the demand for pumps used in water and wastewater treatment plants. Additionally, the heightened market competition has resulted in the emergence of new players and the pursuit of innovative, improved equipment by existing market leaders. With manufacturing and distribution units being established worldwide, the global pumps market's reach and influence continue to grow.

The global pumps market size is expected to reach USD 106.59 billion by 2030, registering a CAGR of 3.9% from 2023 to 2030. Increasing investments in the exploration and production activities by the oil & gas companies across the globe are anticipated to have a positive impact on the market growth.

Technological advancements in pump manufacturing along with new product launches focused on enhanced performance, reliability, and reduced energy consumption are expected to boost market growth. Furthermore, the rising adoption of the Industrial Internet of Things (IIoT) is poised to transform the manufacturing environment by developing a digitally connected ecosystem.

The lack of access to water for drinking and sanitation, especially in the Asia Pacific region, is projected to augment the usage of recycled water for direct delivery to end consumers. This, in turn, is anticipated to augment the demand for wastewater treatment systems, thereby creating upswings for pumps used in water and wastewater treatment plants.

As the market is witnessing steady growth globally, players are setting up their manufacturing and distribution units across the world. The market is characterized by significant competition with multiple new players entering the market, along with the continuous exploration of new opportunities by the existing players to develop improved and innovative equipment.

Pumps Market Report Highlights

  • The demand for positive displacement pumps is expected to witness the fastest CAGR of 4.1% during the forecast period owing to the ability of this equipment to work at lower speeds and provide consistent flow rates
  • The product demand in the oil & gas sector is expected to grow at a CAGR of 2.9% over the forecast period owing to increasing demand for crude oil to facilitate production centers, overseas logistics, and domestic transports across the globe
  • The market in Asia Pacific is estimated to register the fastest CAGR of 8.2% during the forecast period on account of rapid industrialization in the developing economies coupled with rising investments in manufacturing, commercial, and industrial projects
  • The U.S. accounted for more than 60% of the North America regional market owing to the presence of highly developed technology industries, advanced processing capabilities, highly skilled workforce, and growing R&D initiatives in the country
  • The key manufacturers are adopting several strategies, such as acquisitions, mergers, joint ventures, new product developments, and geographical expansions, to increase their market penetration


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Frequently Asked Questions about the Global Pumps Market

What is the estimated value of the Global Pumps Market?

The Global Pumps Market was estimated to be valued at $78.3 Billion in 2022.

What is the growth rate of the Global Pumps Market?

The growth rate of the Global Pumps Market is 3.9%, with an estimated value of $106.59 Billion by 2030.

What is the forecasted size of the Global Pumps Market?

The Global Pumps Market is estimated to be worth $106.59 Billion by 2030.

Who are the key companies in the Global Pumps Market?

Key companies in the Global Pumps Market include SLB, Ingersoll Rand, The Weir Group PLC, Vaughan Company, KSB SE & Co. KGaA, Pentair, Grundfos Holding A/S, Xylem, Flowserve Corporation. and ITT INC..
Report AttributeDetails
No. of Pages131
PublishedOctober 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 78.3 Billion
Forecasted Market Value ( USD ) by 2030 $ 106.59 Billion
Compound Annual Growth Rate3.9%
Regions CoveredGlobal
No. of Companies Mentioned14

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product Type
1.1.2. Application
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product Type outlook
2.2.2. Application outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Pumps Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market driver analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Pumps Market Analysis Tools
3.6.1. Industry analysis - Porter’s
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Pumps: Product Type Estimates & Trend Analysis
5.1. Pumps Market: Key Takeaways
5.2. Pumps Market: Movement & Market Share Analysis, 2022 & 2030
5.3. Centrifugal Pump
5.3.1. Centrifugal pump market estimates and forecasts, 2018 to 2030 (USD Million)
5.3.2. Axial Flow Pump
5.3.2.1. Axial flow pump market estimates and forecasts, 2018 to 2030 (USD Million)
5.3.3. Radial Flow Pump
5.3.3.1. Radial flow pump market estimates and forecasts, 2018 to 2030 (USD Million)
5.3.4. Mixed Flow Pump
5.3.4.1. Mixed flow pump market estimates and forecasts, 2018 to 2030 (USD Million)
5.4. Positive Displacement Pump
5.4.1. Positive displacement pump market estimates and forecasts, 2018 to 2030 (USD Million)
5.4.2. Reciprocating Pump
5.4.2.1. Reciprocating pump market estimates and forecasts, 2018 to 2030 (USD Million)
5.4.3. Rotary Pump
5.4.3.1. Rotary pump market estimates and forecasts, 2018 to 2030 (USD Million)
5.4.4. Others
5.4.4.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
5.5. Others
5.5.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 6. Pumps: Application Estimates & Trend Analysis
6.1. Pumps Market: Key Takeaways
6.2. Pumps Market: Movement & Market Share Analysis, 2022 & 2030
6.3. Agriculture
6.3.1. Agriculture market estimates and forecasts, 2018 to 2030 (USD Million)
6.4. Construction & Building Services
6.4.1. Construction & building services market estimates and forecasts, 2018 to 2030 (USD Million)
6.5. Water & Wastewater
6.5.1. Water & wastewater market estimates and forecasts, 2018 to 2030 (USD Million)
6.6. Power Generation
6.6.1. Power generation market estimates and forecasts, 2018 to 2030 (USD Million)
6.7. Oil & Gas
6.7.1. Oil & gas market estimates and forecasts, 2018 to 2030 (USD Million)
6.8. Chemical
6.8.1. Chemical market estimates and forecasts, 2018 to 2030 (USD Million)
6.9. Others
6.9.1. Others market estimates and forecasts, 2018 to 2030 (USD Million)
Chapter 7. Pumps Market: Regional Estimates & Trend Analysis
7.1. Regional Outlook
7.2. Pumps Market by Region: Key Takeaway
7.3. North America
7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.3.2. U.S.
7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.3.3. Canada
7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.3.4. Mexico
7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4. Europe
7.4.1. Germany
7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.2. UK
7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.3. France
7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.4. Italy
7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.5. Russia
7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.4.6. Spain
7.4.6.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5. Asia Pacific
7.5.1. China
7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5.2. India
7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5.3. Japan
7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5.4. South Korea
7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.5.5. Australia
7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.6. Central and South America
7.6.1. Brazil
7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.6.2. Argentina
7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.7. MEA
7.7.1. Saudi Arabia
7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.7.2. UAE
7.7.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
7.7.3. South Africa
7.7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
8.2.1. SLB
8.2.1.1. Company overview
8.2.1.2. Financial performance
8.2.1.3. Product benchmarking
8.2.1.4. Strategic initiatives
8.2.2. Ingersoll Rand
8.2.2.1. Company overview
8.2.2.2. Financial performance
8.2.2.3. Product benchmarking
8.2.2.4. Strategic initiatives
8.2.3. The Weir Group PLC
8.2.3.1. Company overview
8.2.3.2. Financial performance
8.2.3.3. Product benchmarking
8.2.3.4. Strategic initiatives
8.2.4. Vaughan Company
8.2.4.1. Company overview
8.2.4.2. Financial performance
8.2.4.3. Product benchmarking
8.2.4.4. Strategic initiatives
8.2.5. KSB SE & Co. KGaA
8.2.5.1. Company overview
8.2.5.2. Financial performance
8.2.5.3. Product benchmarking
8.2.5.4. Strategic initiatives
8.2.6. Pentair
8.2.6.1. Company overview
8.2.6.2. Financial performance
8.2.6.3. Product benchmarking
8.2.6.4. Strategic initiatives
8.2.7. Grundfos Holding A/S
8.2.7.1. Company overview
8.2.7.2. Financial performance
8.2.7.3. Product benchmarking
8.2.7.4. Strategic initiatives
8.2.8. Xylem
8.2.8.1. Company overview
8.2.8.2. Financial performance
8.2.8.3. Product benchmarking
8.2.8.4. Strategic initiatives
8.2.9. Flowserve Corporation.
8.2.9.1. Company overview
8.2.9.2. Financial performance
8.2.9.3. Product benchmarking
8.2.9.4. Strategic initiatives
8.2.10. ITT INC.
8.2.10.1. Company overview
8.2.10.2. Financial performance
8.2.10.3. Product benchmarking
8.2.10.4. Strategic initiatives
8.2.11. EBARA CORPORATION.
8.2.11.1. Company overview
8.2.11.2. Financial performance
8.2.11.3. Product benchmarking
8.2.11.4. Strategic initiatives
8.2.12. IWAKI CO., LTD.
8.2.12.1. Company overview
8.2.12.2. Financial performance
8.2.12.3. Product benchmarking
8.2.12.4. Strategic initiatives
8.2.13. Sulzer Ltd
8.2.13.1. Company overview
8.2.13.2. Financial performance
8.2.13.3. Product benchmarking
8.2.13.4. Strategic initiatives
8.2.14. SPX FLOW, Inc.
8.2.14.1. Company overview
8.2.14.2. Financial performance
8.2.14.3. Product benchmarking
8.2.14.4. Strategic initiatives
List of Tables
Table 1 List of abbreviation
Table 2 North America pumps market, by product type, 2018-2030 (USD Million)
Table 3 North America pumps market, by application, 2018-2030 (USD Million)
Table 4 North America pumps market, by region, 2018-2030 (USD Million)
Table 5 U.S. pumps market, by product type, 2018-2030 (USD Million)
Table 6 U.S. pumps market, by application, 2018-2030 (USD Million)
Table 7 Canada pumps market, by product type, 2018-2030 (USD Million)
Table 8 Canada pumps market, by application, 2018-2030 (USD Million)
Table 9 Mexico pumps market, by product type, 2018-2030 (USD Million)
Table 10 Mexico pumps market, by application, 2018-2030 (USD Million)
Table 11 Europe pumps market, by product type, 2018-2030 (USD Million)
Table 12 Europe pumps market, by application, 2018-2030 (USD Million)
Table 13 Europe pumps market, by region, 2018-2030 (USD Million)
Table 14 Germany pumps market, by product type, 2018-2030 (USD Million)
Table 15 Germany pumps market, by application, 2018-2030 (USD Million)
Table 16 UK pumps market, by product type, 2018-2030 (USD Million)
Table 17 UK pumps market, by application, 2018-2030 (USD Million)
Table 18 France pumps market, by product type, 2018-2030 (USD Million)
Table 19 France pumps market, by application, 2018-2030 (USD Million)
Table 20 Italy pumps market, by product type, 2018-2030 (USD Million)
Table 21 Italy pumps market, by application, 2018-2030 (USD Million)
Table 22 Russia pumps market, by product type, 2018-2030 (USD Million)
Table 23 Russia pumps market, by application, 2018-2030 (USD Million)
Table 24 Spain pumps market, by product type, 2018-2030 (USD Million)
Table 25 Spain pumps market, by application, 2018-2030 (USD Million)
Table 26 Asia Pacific pumps market, by product type, 2018-2030 (USD Million)
Table 27 Asia Pacific pumps market, by application, 2018-2030 (USD Million)
Table 28 Asia Pacific pumps market, by region, 2018-2030 (USD Million)
Table 29 China pumps market, by product type, 2018-2030 (USD Million)
Table 30 China pumps market, by application, 2018-2030 (USD Million)
Table 31 India pumps market, by product type, 2018-2030 (USD Million)
Table 32 India pumps market, by application, 2018-2030 (USD Million)
Table 33 Japan pumps market, by product type, 2018-2030 (USD Million)
Table 34 Japan pumps market, by application, 2018-2030 (USD Million)
Table 35 South Korea pumps market, by product type, 2018-2030 (USD Million)
Table 36 South Korea pumps market, by application, 2018-2030 (USD Million)
Table 37 Australia pumps market, by product type, 2018-2030 (USD Million)
Table 38 Australia pumps market, by application, 2018-2030 (USD Million)
Table 39 Central and South America pumps market, by product type, 2018-2030 (USD Million)
Table 40 Central and South America pumps market, by application, 2018-2030 (USD Million)
Table 41 Central and South America pumps market, by region, 2018-2030 (USD Million)
Table 42 Brazil pumps market, by product type, 2018-2030 (USD Million)
Table 43 Brazil pumps market, by application, 2018-2030 (USD Million)
Table 44 Argentina pumps market, by product type, 2018-2030 (USD Million)
Table 45 Argentina pumps market, by application, 2018-2030 (USD Million)
Table 46 Middle East and Africa pumps market, by product type, 2018-2030 (USD Million)
Table 47 Middle East and Africa pumps market, by application, 2018-2030 (USD Million)
Table 48 Middle East and Africa pumps market, by region, 2018-2030 (USD Million)
Table 49 Saudi Arabia pumps market, by product type, 2018-2030 (USD Million)
Table 50 Saudi Arabia pumps market, by application, 2018-2030 (USD Million)
Table 51 UAE pumps market, by product type, 2018-2030 (USD Million)
Table 52 UAE pumps market, by application, 2018-2030 (USD Million)
Table 53 South Africa pumps market, by product type, 2018-2030 (USD Million)
Table 54 South Africa pumps market, by application, 2018-2030 (USD Million)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Pumps: Market outlook
Fig. 9 Pumps: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Pumps market driver impact
Fig. 15 Pumps market restraint impact
Fig. 16 Pumps market strategic initiatives analysis
Fig. 17 Pumps market: Product type movement analysis
Fig. 18 Pumps market: Product type outlook and key takeaways
Fig. 19 Centrifugal pump market estimates and forecasts, 2018-2030
Fig. 20 Positive displacement pump market estimates and forecasts, 2018-2030
Fig. 21 Others market estimates and forecasts, 2018-2030
Fig. 22 Pumps market: Application movement analysis
Fig. 23 Pumps market: Application outlook and key takeaways
Fig. 24 Agriculture market estimates and forecasts, 2018-2030
Fig. 25 Construction & building services market estimates and forecasts, 2018-2030
Fig. 26 Water & wastewater market estimates and forecasts, 2018-2030
Fig. 27 Power generation market estimates and forecasts, 2018-2030
Fig. 28 Oil & gas market estimates and forecasts, 2018-2030
Fig. 29 Chemicals market estimates and forecasts, 2018-2030
Fig. 30 Others market estimates and forecasts, 2018-2030
Fig. 31 Global pumps market: Regional movement analysis
Fig. 32 Global pumps market: Regional outlook and key takeaways
Fig. 33 North America market estimates and forecasts, 2018-2030
Fig. 34 U.S. market estimates and forecasts, 2018-2030
Fig. 35 Canada market estimates and forecasts, 2018-2030
Fig. 36 Mexico market estimates and forecasts, 2018-2030
Fig. 37 Europe market estimates and forecasts, 2018-2030
Fig. 38 Germany market estimates and forecasts, 2018-2030
Fig. 39 U.K. market estimates and forecasts, 2018-2030
Fig. 40 France market estimates and forecasts, 2018-2030
Fig. 41 Italy market estimates and forecasts, 2018-2030
Fig. 42 Russia market estimates and forecasts, 2018-2030
Fig. 43 Spain market estimates and forecasts, 2018-2030
Fig. 44 Asia Pacific market estimates and forecasts, 2018-2030
Fig. 45 China market estimates and forecasts, 2018-2030
Fig. 46 India market estimates and forecasts, 2018-2030
Fig. 47 Japan market estimates and forecasts, 2018-2030
Fig. 48 South Korea market estimates and forecasts, 2018-2030
Fig. 49 Australia market estimates and forecasts, 2018-2030
Fig. 50 Central and South America market estimates and forecasts, 2018-2030
Fig. 51 Brazil market estimates and forecasts, 2018-2030
Fig. 52 Argentina market estimates and forecasts, 2018-2030
Fig. 53 Middle East and Africa. market estimates and forecasts, 2018-2030
Fig. 54 Saudi Arabia market estimates and forecasts, 2018-2030
Fig. 55 UAE market estimates and forecasts, 2018-2030
Fig. 56 South Africa market estimates and forecasts, 2018-2030

Companies Mentioned

  • SLB
  • Ingersoll Rand
  • The Weir Group PLC
  • Vaughan Company
  • KSB SE & Co. KGaA
  • Pentair
  • Grundfos Holding A/S
  • Xylem
  • Flowserve Corporation.
  • ITT INC.
  • EBARA CORPORATION.
  • IWAKI CO., LTD.
  • Sulzer Ltd
  • SPX FLOW, Inc.

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