Pumps Market Report 2026

The pumps market size has grown strongly in recent years. It will grow from $264.94 billion in 2025 to $280.17 billion in 2026 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to industrial Expansion And Manufacturing Growth, Expansion Of Irrigation And Agriculture Pumping Needs, Development Of Municipal Water Supply Systems, Growth In Oil Exploration And Refinery Infrastructure, Increasing Adoption Of Mechanical Pumping In Process Industries.

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%. 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.

The rising oil and gas exploration activities are expected to drive the expansion of the pumps market in the forecast period. Oil and gas exploration activities involve the processes used to search for and identify underground or underwater deposits of crude oil and natural gas. The growth in these activities is primarily driven by increasing energy demand, which is encouraging higher investments in discovering and developing new reserves. Pumps play a vital role in oil and gas exploration by facilitating fluid movement and pressure control during drilling and extraction operations. They enhance operational efficiency while ensuring safe and continuous recovery of resources from subsurface reservoirs. For instance, in April 2025, according to the U.S. Energy Information Administration, a US-based government agency, crude oil production in the United States increased to 13.2 million barrels per day in 2024, reflecting a rise of 270,000 barrels per day compared to 2023. Therefore, the increasing oil and gas exploration activities are driving the growth of the pumps market.

Key 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 example, 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.

In January 2024, Atlas Copco Group, a Sweden-based industrial company, acquired Kracht GmbH for an undisclosed amount. Through this acquisition, Atlas Copco reinforced 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 focused on high-precision industrial pumps.

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.

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 the pumps market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the pumps market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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.

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.

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