Global Pump Market Outlook, 2029

The Global Pump Market is segmented into By Product (Centrifugal Pump, Positive Displacement Pump, Others), By Centrifugal Pump (Axial Flow Pump, Radial Flow Pump, Mixed Flow Pump), By Positive Displacement Pump (Reciprocating, Rotary, Others), By Application (Agriculture, Building & Construction, Waste & Wastewater) and By Power Generation (Oil & Gas, Chemical and Others).

The Global Pump market is anticipated to cross USD 95 Billion by 2029 due to Infrastructure development

Pump Market Market Analysis

The pump industry plays a pivotal role in various sectors, ranging from water and wastewater management to oil and gas extraction, manufacturing, and beyond. Pumps are essential devices that facilitate the movement of fluids, contributing to the smooth operation of numerous processes critical for modern society. The pump industry encompasses a wide array of pump types, including centrifugal pumps; positive displacement pumps, reciprocating pumps, and others. Each type serves specific applications and industries. Centrifugal pumps, for example, are commonly used in water supply systems, HVAC (heating, ventilation, and air conditioning), and chemical processing, while positive displacement pumps are prevalent in industries like oil and gas, pharmaceuticals, and food processing. The pump industry, a cornerstone of fluid dynamics, has evolved over centuries, adapting to the changing needs of societies and industries. From its humble beginnings to the sophisticated technologies of today, the adoption, nature, and evolution of the pump industry tell a compelling story of innovation, resilience, and indispensable contributions to various sectors. The roots of pump technology trace back to ancient civilizations, where simple devices were employed to lift water for irrigation and domestic use. Archimedes' screw, an ingenious invention from the third century BC, stands as a testament to early pump adoption. Over time, the demand for efficient water management spurred further innovations, paving the way for the pump industry's gradual evolution. The pump industry is characterized by its versatility, serving a multitude of applications across various sectors. From water supply and wastewater management to oil and gas extraction, manufacturing, and chemical processing, pumps are indispensable for fluid movement. The nature of the pump industry is diverse, with different types of pumps designed for specific applications. Centrifugal pumps, positive displacement pumps, and reciprocating pumps are among the many variations, each tailored to handle distinct fluid dynamics. Innovation is inherent in the pump industry's DNA. Advancements in materials, design, and technology have led to the creation of more efficient, reliable, and environmentally friendly pumps. Also, aging pump systems in various industries create a demand for replacements and upgrades. Companies seeking improved efficiency and reliability often invest in modern pump technologies, driving growth in the industry. According to the research report, “Global Pump Market Outlook, 2029” published by Bonafide Research, the market is anticipated to cross USD 95 Billion by 2029, increasing from USD 72.81 Billion in 2023. The market is expected to grow with 5.54% CAGR by 2024-29. Ongoing and upcoming infrastructure projects worldwide, including water supply systems, wastewater treatment plants, and urbanization initiatives, are expected to drive the demand for pumps. Infrastructure development often necessitates efficient fluid handling systems, thereby boosting the pump industry. Growing concerns over water scarcity and the need for effective water management solutions are significant drivers for the pump industry. Pumps play a crucial role in water extraction, distribution, and treatment, supporting efforts to ensure access to clean water for communities and industries. As industries continue to grow and diversify, the demand for pumps across various sectors such as manufacturing, chemicals, oil and gas, and pharmaceuticals is expected to increase. Pumps are integral to industrial processes involving fluid transfer, cooling, and circulation. Ongoing innovations in pump technology, including the development of smart pumps with IoT capabilities, sensors, and predictive maintenance features, contribute to increased efficiency and reliability. These advancements make pumps more appealing to industries looking to optimize their operations. The global push for energy efficiency and sustainability is influencing the pump industry. Manufacturers are investing in the development of energy-efficient pumps and environmentally friendly materials, aligning with the broader goals of reducing carbon footprints and promoting green technologies. The oil and gas industry, a significant consumer of pumps, continues to explore new reserves and extract unconventional resources. This ongoing activity requires specialized pump technologies designed to withstand challenging conditions, contributing to sustained demand in the pump industry. The mining and construction sectors heavily rely on pumps for activities such as dewatering, slurry handling, and tunneling. As these industries grow, the demand for pumps that can handle abrasive and challenging materials is expected to rise. The integration of digital technologies, automation, and data analytics into pump systems enhances monitoring, control, and maintenance capabilities. Industries are increasingly adopting smart pump solutions to improve operational efficiency, reduce downtime, and cut operational costs. The increasing global population necessitates the development of infrastructure, agriculture, and various industries. Pumps are fundamental to these activities, and as the population grows, so does the demand for fluid handling systems, contributing to the growth of the pump industry.

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Market Dynamic

Market Drivers Infrastructure Development: Increasing investments in infrastructure projects, including water supply systems, wastewater treatment plants, and industrial facilities, are significant drivers for the global pump market. Rapid urbanization and population growth necessitate the expansion and enhancement of infrastructure, driving the demand for pumps in various applications. The demand for pumps in water and wastewater management, construction, and industrial processes is expected to surge as countries invest in upgrading and building new infrastructure. This driver is particularly prominent in emerging economies experiencing rapid urban development. Water Scarcity and Sustainable Water Management: Growing concerns over water scarcity and the need for sustainable water management solutions propel the demand for pumps in water-related applications. Pumps play a crucial role in extracting, transporting, and treating water for domestic, industrial, and agricultural purposes. With an increasing focus on water conservation and efficient use, the demand for pumps in water-intensive industries, irrigation systems, and water treatment plants is expected to rise. Governments and industries globally are investing in technologies to optimize water use, contributing to the growth of the pump market. Market Challenges Energy Efficiency and Operational Costs: One of the significant challenges facing the pump industry is the need for enhanced energy efficiency. Pumps can be energy-intensive, especially in industries with high power demands. Balancing the requirement for high performance with the imperative to reduce operational costs and energy consumption poses a considerable challenge. Manufacturers are pressured to develop energy-efficient pump solutions that meet stringent environmental standards. Additionally, industries face the challenge of retrofitting existing systems for improved energy efficiency, considering the economic implications and return on investment. Environmental Regulations and Sustainability: Increasing environmental regulations and the demand for sustainable practices pose challenges for pump manufacturers. The industry must address concerns related to the environmental impact of pump manufacturing, materials used, and end-of-life disposal. Compliance with environmental standards requires innovation in materials and manufacturing processes, leading to additional costs. However, it also presents an opportunity for the industry to develop eco-friendly pump solutions, aligning with global sustainability goals. Market Trends Smart Pump Technologies: The integration of smart technologies, including sensors, IoT capabilities, and data analytics, is a prominent trend in the pump industry. Smart pumps enable real-time monitoring, predictive maintenance, and remote control, enhancing overall efficiency and reducing downtime. Industries are adopting smart pump solutions to optimize operations, minimize maintenance costs, and improve system reliability. This trend aligns with the broader industry shift towards digitalization and Industry 4.0. Focus on Material Innovations: There is a growing trend towards the development of pumps with advanced materials, including corrosion-resistant alloys, composite materials, and ceramics. This trend is particularly relevant in industries where pumps handle corrosive or abrasive substances. Improved materials contribute to the durability and longevity of pumps, reducing maintenance needs and operational disruptions. It also expands the range of fluids that pumps can handle, catering to diverse industrial applications. Covid-19 Impacts The pandemic led to disruptions in global supply chains, affecting the production and distribution of pump components and finished products. Lockdowns, restrictions on movement, and factory closures hindered the timely availability of materials and components, leading to delays in manufacturing. Different sectors, such as oil and gas, manufacturing, and construction, experienced varying degrees of disruption due to lockdowns and economic uncertainties. Industries directly impacted by the pandemic-related restrictions saw reduced demand for pumps, affecting the overall market. Many infrastructure projects were delayed or put on hold as a result of the economic downturn and uncertainties associated with the pandemic. This, in turn, affected the demand for pumps in construction, water management, and industrial applications. Companies across industries reassessed their priorities and capital expenditures, leading to a shift in spending patterns. Capital-intensive projects were often delayed or scaled down, impacting the demand for pumps used in such projects. The implementation of safety protocols, social distancing measures, and workforce limitations posed operational challenges for manufacturing facilities. These challenges, coupled with workforce shortages due to illness or quarantine, affected the production capacity of pump manufacturers. The pandemic highlighted vulnerabilities in global supply chains, prompting some pump manufacturers to reassess and diversify their supply chain sources. This trend towards greater supply chain resilience may lead to changes in sourcing strategies within the pump industry. The need for remote monitoring, predictive maintenance, and reduced physical interaction during the pandemic accelerated the adoption of digital technologies in the pump industry. Smart pump technologies gained prominence as companies sought ways to enhance efficiency and reduce on-site maintenance requirements. Sectors providing essential services, such as water and wastewater management and healthcare, maintained a relatively stable demand for pumps. The importance of these services during the pandemic underscored the resilience of certain segments within the pump industry. The oil and gas industry faced uncertainties due to fluctuations in demand and oil prices. This uncertainty impacted investments in exploration and production activities, influencing the demand for pumps used in oil and gas operations. As economies gradually recover from the initial impact of the pandemic, the pump industry is adapting to the new normal. Increased vaccination efforts and economic stimulus measures are contributing to a rebound in demand for pumps, particularly in regions experiencing recovery.

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Pump Market Segmentation

By Product Centrifugal Pump
Positive Displacement Pump
Others
By Centrifugal Pump Axial Flow Pump
Radial Flow Pump
Mixed Flow Pump
By Positive Displacement Pump Reciprocating
Rotary
Others
By Application Agriculture
Building & Construction
Waste & Wastewater
Power Generation
Oil & Gas
Chemical
Others
GeographyNorth AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Russia
Asia-PacificChina
Japan
India
Australia
South Korea
South AmericaBrazil
Argentina
Colombia
MEAUnited Arab Emirates
Saudi Arabia
South Africa

The centrifugal pump's versatility and efficiency, coupled with its ability to handle a wide range of applications and fluids, make it a preferred choice in the pump market. The primary reason behind the growing popularity of centrifugal pumps in the pump market lies in their versatile and efficient design, which caters to a broad spectrum of fluid handling needs across diverse industries. Unlike some pump types that may have limited adaptability to different applications, centrifugal pumps excel in their ability to handle a wide range of fluids, varying viscosities, and operational conditions. Centrifugal pumps operate on the principle of centrifugal force, utilizing a rotating impeller to impart kinetic energy to the fluid. This results in a continuous and smooth flow, making them well-suited for applications where a steady and uninterrupted fluid transfer is crucial. Their design inherently lends itself to efficiently handle large volumes of fluid, making them ideal for tasks such as water circulation, wastewater treatment, and various industrial processes. One of the key advantages of centrifugal pumps is their simplicity in both construction and operation. This simplicity not only contributes to ease of use but also enhances reliability. The absence of complex mechanisms reduces the likelihood of mechanical failures, leading to lower maintenance requirements and increased overall operational efficiency. Centrifugal pumps are highly adaptable to different pressure requirements. Whether the application demands low-pressure fluid transfer or high-pressure tasks, centrifugal pumps can be configured to meet these varying operational needs. This flexibility adds to their appeal across industries where fluid handling occurs at different pressure levels, such as in chemical processing or oil and gas extraction. Furthermore, centrifugal pumps are capable of handling fluids with diverse viscosities, from water-like liquids to thicker substances. This versatility makes them suitable for applications in industries dealing with a wide range of liquids, including those with varying chemical compositions or abrasive properties. The increasing adoption of radial flow centrifugal pumps in the pump market is driven by their superior efficiency in handling low-viscosity fluids and applications where a high flow rate at moderate to high head is required. Radial flow centrifugal pumps have been experiencing growing popularity in the pump market due to their exceptional efficiency in handling low-viscosity fluids and their suitability for applications requiring a high flow rate at moderate to high head conditions. The design of radial flow centrifugal pumps is characterized by an impeller that directs the fluid outward in a radial direction from the pump shaft. This specific configuration imparts kinetic energy to the fluid, resulting in a high-speed rotational flow. This design is particularly advantageous in scenarios where a large volume of fluid needs to be moved against a moderate to high resistance or head. The main advantage of radial flow centrifugal pumps lies in their ability to efficiently handle fluids with low viscosity, such as water or other non-viscous liquids. In applications where the primary requirement is to transfer a substantial amount of fluid while overcoming resistance, radial flow centrifugal pumps excel. Industries such as water supply, irrigation, and HVAC systems often benefit from these pumps, where the emphasis is on achieving a significant flow rate against a certain level of resistance. Additionally, radial flow centrifugal pumps are favored for their simplicity and ease of maintenance. The absence of intricate internal components and the streamlined design contribute to their reliability and reduce the likelihood of mechanical failures. This simplicity not only facilitates ease of use but also lowers operational costs by minimizing downtime and maintenance requirements. The versatility of radial flow centrifugal pumps extends to their adaptability to various operational conditions, making them suitable for a wide range of industries. Whether it is municipal water supply, agricultural irrigation, or industrial processes requiring the transfer of large volumes of low-viscosity fluids, these pumps have proven to be efficient and reliable. The increasing adoption of reciprocating positive displacement pumps in the pump market is driven by their precision in delivering a constant and accurate flow rate, making them well-suited for applications requiring high-pressure and precise fluid dosing. Reciprocating positive displacement pumps have been gaining prominence in the pump market due to their unique ability to provide a consistent and precise flow rate, making them ideal for applications demanding high-pressure performance and accurate fluid dosing. Unlike centrifugal pumps that generate flow through kinetic energy, reciprocating positive displacement pumps work by trapping and displacing a fixed volume of fluid with each stroke or cycle. This mechanism ensures a continuous and uniform flow, offering precision in fluid transfer. One of the primary advantages of reciprocating positive displacement pumps is their capability to handle high-pressure applications effectively. Industries such as oil and gas, chemical processing, and hydraulic systems often require pumps that can generate and sustain elevated pressures. Reciprocating pumps excel in these scenarios, providing a reliable and steady flow against high resistance, contributing to their increasing adoption in critical processes. The precision in fluid dosing is another key factor driving the popularity of reciprocating positive displacement pumps. These pumps can accurately meter and dispense fluids in precise volumes, making them suitable for applications where accurate dosing is crucial, such as in pharmaceutical manufacturing, food processing, and water treatment. The ability to maintain a consistent flow rate is advantageous in processes where the quality and composition of the fluid being transferred are critical factors. Furthermore, reciprocating positive displacement pumps offer versatility in handling a wide range of fluids, including viscous and abrasive substances. Their ability to accommodate different viscosities without compromising performance expands their applicability across various industries dealing with fluids of diverse characteristics. The increasing adoption of pumps in agriculture is primarily driven by the need for efficient water management, irrigation systems, and crop production optimization to meet the growing global demand for food. The growing significance of agriculture applications in the pump market is closely tied to the pivotal role pumps play in modern farming practices. As the global population continues to increase, there is a parallel rise in the demand for food production, necessitating advanced and efficient agricultural techniques. Pumps have become indispensable tools in agriculture, primarily for water management and irrigation purposes. In many regions, reliable access to water is a critical factor for successful crop cultivation, and pumps play a central role in ensuring a sustainable water supply. Agricultural pumps are employed for tasks such as lifting water from wells, rivers, or reservoirs and distributing it across fields through irrigation systems. The efficient use of water resources is crucial in mitigating the impact of changing climate patterns and ensuring optimal crop yields. The adoption of pumps in agriculture also extends to precision farming practices. Pumps are utilized in the controlled distribution of fertilizers, pesticides, and other agricultural inputs. This precision application contributes to resource efficiency, minimizing waste and environmental impact while optimizing the use of agricultural inputs. Furthermore, as agriculture becomes more mechanized and technologically advanced, pumps are integrated into automated systems, enhancing overall operational efficiency. Drip irrigation systems, center pivot systems, and other modern irrigation methods rely on pumps to provide a steady and controlled supply of water to crops. This not only ensures better water utilization but also allows farmers to tailor irrigation practices to specific crop requirements. In regions facing water scarcity or unreliable rainfall patterns, the role of pumps in agriculture becomes even more critical. Farmers are increasingly investing in efficient pump technologies to secure a consistent water supply, ultimately improving crop yields and overall farm productivity.

Pump Market Market Regional Insights

The robust economic growth, expanding industrialization, and increasing infrastructure development in the Asia-Pacific region are driving the surge in demand for pumps across various sectors. The Asia-Pacific region has emerged as a powerhouse in the pump market due to a combination of dynamic economic growth, rapid industrialization, and extensive infrastructure development. As countries in this region experience significant population expansion and urbanization, there is a pressing need to build and upgrade essential infrastructure, including water supply systems, wastewater treatment plants, and manufacturing facilities. The surge in construction and urban development projects requires efficient fluid handling systems, boosting the demand for a wide range of pumps. China, in particular, stands out as a major contributor to the growth of the pump market in the Asia-Pacific region. The country's industrial sector has expanded exponentially, necessitating pumps for diverse applications such as water circulation, chemical processing, and energy production. Additionally, China's ambitious Belt and Road Initiative, which aims to enhance connectivity and cooperation among countries, has spurred infrastructure projects that rely heavily on pumps for water management, construction, and various industrial processes. India, another key player in the Asia-Pacific pump market, is undergoing substantial urbanization and industrial growth. The demand for pumps in India is driven by the need for reliable water supply systems, agricultural irrigation, and the expansion of manufacturing activities. As the Indian government focuses on initiatives like "Make in India" and Smart Cities, the deployment of pumps becomes integral to support these developmental goals. Southeast Asian countries, with their burgeoning economies and increasing industrialization, are also significant contributors to the growing demand for pumps. The region's emphasis on sustainable practices and environmental consciousness further drives investments in water and wastewater management, where pumps play a vital role. The Asia-Pacific pump market is not limited to just the traditional industrial sectors; it also encompasses the thriving agricultural sector. With a considerable portion of the population engaged in agriculture, there is a rising need for pumps for irrigation purposes, contributing to increased demand.

Key Development

• In July 2023, Grundfos Holding A/S acquired Metasphere a leading smart sewer solutions provider. This acquisition is expected to help the company improve its product offerings within pumps and hydraulic segment. • In May 2023, nineteen new sizes were added to the MegaCPK pumps series by KSB SE & Co. KGaA. Given that clients can select from 55 sizes for pumps with more than 78 hydraulic systems, this product extension is anticipated to enhance the company's product mix for the chemical market. • February 2023: Motion & Control Enterprises completed the acquisition of Precision Pump & Valve, an established distributor specializing in safety relief and control valves, pumps, and associated equipment. Precision Pump & Valve is renowned for providing tailored solutions to the oil and gas, petrochemical, and chemical processing markets. • July 2022: BASF and MAN Energy Solutions joined forces to initiate the construction of an industrial-scale heat pump located at the BASF site in Ludwigshafen. This groundbreaking project aimed to make significant strides in reducing greenhouse gas emissions, fostering the adoption of low-CO2 technology in chemical manufacturing, and curbing natural gas usage at the site.

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Companies Mentioned

  • General Electric Company
  • Pentair PLC
  • Xylem Inc. (Sensus)
  • Whirlpool Corporation
  • Atlas Copco Ab
  • Ingersoll Rand
  • velan holding co. ltd.
  • Wärtsilä Oyj
  • Imperial Metal Industries
  • Grundfos
  • Danfoss
  • Sulzer Ltd
  • Ebara Corporation
  • IDEX Corporation
  • KSB SE & Co. KGaA
  • ITT Inc.
  • Wilo SE
  • Dover Corporation
  • Kirloskar Brothers Limited
Company mentioned

Table of Contents

  • 1. Executive Summary
  • 2. Market Dynamics
  • 2.1. Market Drivers & Opportunities
  • 2.2. Market Restraints & Challenges
  • 2.3. Market Trends
  • 2.4. Covid-19 Effect
  • 2.5. Supply chain Analysis
  • 2.6. Policy & Regulatory Framework
  • 2.7. Industry Experts Views
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. Market Structure
  • 4.1. Market Considerate
  • 4.2. Assumptions
  • 4.3. Limitations
  • 4.4. Abbreviations
  • 4.5. Sources
  • 4.6. Definitions
  • 5. Economic /Demographic Snapshot
  • 6. Global Pump Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Region
  • 6.3. Market Size and Forecast, By Geography
  • 6.4. Market Size and Forecast, By Product Types
  • 6.5. Market Size and Forecast, By Centrifugal Pump Types
  • 6.6. Market Size and Forecast, By Positive Displacement Pump
  • 6.7. Market Size and Forecast, By Application
  • 7. North America Pump Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Share By Country
  • 7.3. Market Size and Forecast, By Product Types
  • 7.4. Market Size and Forecast, By Centrifugal Pump Types
  • 7.5. Market Size and Forecast, By Positive Displacement Pump
  • 7.6. Market Size and Forecast, By Application
  • 7.7. United States Pump Market Outlook
  • 7.7.1. Market Size By Value
  • 7.7.2. Market Size and Forecast By Product Types
  • 7.7.3. Market Size and Forecast By Application
  • 7.8. Canada Pump Market Outlook
  • 7.8.1. Market Size By Value
  • 7.8.2. Market Size and Forecast By Product Types
  • 7.8.3. Market Size and Forecast By Application
  • 7.9. Mexico Pump Market Outlook
  • 7.9.1. Market Size By Value
  • 7.9.2. Market Size and Forecast By Product Types
  • 7.9.3. Market Size and Forecast By Application
  • 8. Europe Pump Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share By Country
  • 8.3. Market Size and Forecast, By Product Types
  • 8.4. Market Size and Forecast, By Centrifugal Pump Types
  • 8.5. Market Size and Forecast, By Positive Displacement Pump
  • 8.6. Market Size and Forecast, By Application
  • 8.7. Germany Pump Market Outlook
  • 8.7.1. Market Size By Value
  • 8.7.2. Market Size and Forecast By Product Types
  • 8.7.3. Market Size and Forecast By Application
  • 8.8. United Kingdom Pump Market Outlook
  • 8.8.1. Market Size By Value
  • 8.8.2. Market Size and Forecast By Product Types
  • 8.8.3. Market Size and Forecast By Application
  • 8.9. France Pump Market Outlook
  • 8.9.1. Market Size By Value
  • 8.9.2. Market Size and Forecast By Product Types
  • 8.9.3. Market Size and Forecast By Application
  • 8.10. Italy Pump Market Outlook
  • 8.10.1. Market Size By Value
  • 8.10.2. Market Size and Forecast By Product Types
  • 8.10.3. Market Size and Forecast By Application
  • 8.11. Spain Pump Market Outlook
  • 8.11.1. Market Size By Value
  • 8.11.2. Market Size and Forecast By Product Types
  • 8.11.3. Market Size and Forecast By Application
  • 8.12. Russia Pump Market Outlook
  • 8.12.1. Market Size By Value
  • 8.12.2. Market Size and Forecast By Product Types
  • 8.12.3. Market Size and Forecast By Application
  • 9. Asia-Pacific Pump Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market Share By Country
  • 9.3. Market Size and Forecast, By Product Types
  • 9.4. Market Size and Forecast, By Centrifugal Pump Types
  • 9.5. Market Size and Forecast, By Positive Displacement Pump
  • 9.6. Market Size and Forecast, By Application
  • 9.7. China Pump Market Outlook
  • 9.7.1. Market Size By Value
  • 9.7.2. Market Size and Forecast By Product Types
  • 9.7.3. Market Size and Forecast By Application
  • 9.8. Japan Pump Market Outlook
  • 9.8.1. Market Size By Value
  • 9.8.2. Market Size and Forecast By Product Types
  • 9.8.3. Market Size and Forecast By Application
  • 9.9. India Pump Market Outlook
  • 9.9.1. Market Size By Value
  • 9.9.2. Market Size and Forecast By Product Types
  • 9.9.3. Market Size and Forecast By Application
  • 9.10. Australia Pump Market Outlook
  • 9.10.1. Market Size By Value
  • 9.10.2. Market Size and Forecast By Product Types
  • 9.10.3. Market Size and Forecast By Application
  • 9.11. South Korea Pump Market Outlook
  • 9.11.1. Market Size By Value
  • 9.11.2. Market Size and Forecast By Product Types
  • 9.11.3. Market Size and Forecast By Application
  • 10. South America Pump Market Outlook
  • 10.1. Market Size By Value
  • 10.2. Market Share By Country
  • 10.3. Market Size and Forecast, By Product Types
  • 10.4. Market Size and Forecast, By Centrifugal Pump Types
  • 10.5. Market Size and Forecast, By Positive Displacement Pump
  • 10.6. Market Size and Forecast, By Application
  • 10.7. Brazil Pump Market Outlook
  • 10.7.1. Market Size By Value
  • 10.7.2. Market Size and Forecast By Product Types
  • 10.7.3. Market Size and Forecast By Application
  • 10.8. Argentina Pump Market Outlook
  • 10.8.1. Market Size By Value
  • 10.8.2. Market Size and Forecast By Product Types
  • 10.8.3. Market Size and Forecast By Application
  • 10.9. Columbia Pump Market Outlook
  • 10.9.1. Market Size By Value
  • 10.9.2. Market Size and Forecast By Product Types
  • 10.9.3. Market Size and Forecast By Application
  • 11. Middle East & Africa Pump Market Outlook
  • 11.1. Market Size By Value
  • 11.2. Market Share By Country
  • 11.3. Market Size and Forecast, By Product Types
  • 11.4. Market Size and Forecast, By Centrifugal Pump Types
  • 11.5. Market Size and Forecast, By Positive Displacement Pump
  • 11.6. Market Size and Forecast, By Application
  • 11.7. UAE Pump Market Outlook
  • 11.7.1. Market Size By Value
  • 11.7.2. Market Size and Forecast By Product Types
  • 11.7.3. Market Size and Forecast By Application
  • 11.8. Saudi Arabia Pump Market Outlook
  • 11.8.1. Market Size By Value
  • 11.8.2. Market Size and Forecast By Product Types
  • 11.8.3. Market Size and Forecast By Application
  • 11.9. South Africa Pump Market Outlook
  • 11.9.1. Market Size By Value
  • 11.9.2. Market Size and Forecast By Product Types
  • 11.9.3. Market Size and Forecast By Application
  • 12. Competitive Landscape
  • 12.1. Competitive Dashboard
  • 12.2. Business Strategies Adopted by Key Players
  • 12.3. Key Players Market Share Insights and Analysis, 2022
  • 12.4. Key Players Market Positioning Matrix
  • 12.5. Porter's Five Forces
  • 12.6. Company Profile
  • 12.6.1. Ingersoll Rand Inc.
  • 12.6.1.1. Company Snapshot
  • 12.6.1.2. Company Overview
  • 12.6.1.3. Financial Highlights
  • 12.6.1.4. Geographic Insights
  • 12.6.1.5. Business Segment & Performance
  • 12.6.1.6. Product Portfolio
  • 12.6.1.7. Key Executives
  • 12.6.1.8. Strategic Moves & Developments
  • 12.6.2. The Weir Group plc
  • 12.6.3. Grundfos
  • 12.6.4. Danfoss
  • 12.6.5. Xylem Inc.
  • 12.6.6. Flowserve Corporation
  • 12.6.7. General Electric Company
  • 12.6.8. Schlumberger NV
  • 12.6.9. Sulzer Ltd
  • 12.6.10. Ebara Corporatio
  • 12.6.11. IDEX Corporation
  • 12.6.12. KSB SE & Co. KGaA
  • 12.6.13. ITT Inc.
  • 12.6.14. Atlas Copco Group
  • 12.6.15. Pentair plc
  • 12.6.16. Wilo SE
  • 12.6.17. Dover Corporation
  • 12.6.18. Kirloskar Brothers Limited
  • 12.6.19. Alfa Laval AB
  • 13. Strategic Recommendations
  • 14. Annexure
  • 14.1. FAQ`s
  • 14.2. Notes
  • 14.3. Related Reports
  • 15. Disclaimer

Table 1: Global Pump Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Influencing Factors for Pump Market, 2023
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Pump Market Size and Forecast, By Geography (2018 to 2029F) (In USD Billion)
Table 7: Global Pump Market Size and Forecast, By Product Types (2018 to 2029F) (In USD Billion)
Table 8: Global Pump Market Size and Forecast, By Centrifugal Pump Types (2018 to 2029F) (In USD Billion)
Table 9: Global Pump Market Size and Forecast, By Positive Displacement Pump (2018 to 2029F) (In USD Billion)
Table 10: Global Pump Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 11: North America Pump Market Size and Forecast, By Product Types (2018 to 2029F) (In USD Billion)
Table 12: North America Pump Market Size and Forecast, By Centrifugal Pump Types (2018 to 2029F) (In USD Billion)
Table 13: North America Pump Market Size and Forecast, By Positive Displacement Pump (2018 to 2029F) (In USD Billion)
Table 14: North America Pump Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 15: United States Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 16: United States Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 17: Canada Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 18: Canada Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 19: Mexico Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 20: Mexico Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 21: Europe Pump Market Size and Forecast, By Product Types (2018 to 2029F) (In USD Billion)
Table 22: Europe Pump Market Size and Forecast, By Centrifugal Pump Types (2018 to 2029F) (In USD Billion)
Table 23: Europe Pump Market Size and Forecast, By Positive Displacement Pump (2018 to 2029F) (In USD Billion)
Table 24: Europe Pump Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 25: Germany Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 26: Germany Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 27: United Kingdom Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 28: United Kingdom Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 29: France Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 30: France Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 31: Italy Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 32: Italy Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 33: Spain Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 34: Spain Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 35: Russia Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 36: Russia Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 37: Asia-Pacific Pump Market Size and Forecast, By Product Types (2018 to 2029F) (In USD Billion)
Table 38: Asia-Pacific Pump Market Size and Forecast, By Centrifugal Pump Types (2018 to 2029F) (In USD Billion)
Table 39: Asia-Pacific Pump Market Size and Forecast, By Positive Displacement Pump (2018 to 2029F) (In USD Billion)
Table 40: Asia-Pacific Pump Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 41: China Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 42: China Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 43: Japan Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 44: Japan Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 45: India Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 46: India Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 47: Australia Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 48: Australia Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 49: South Korea Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 50: South Korea Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 51: South America Pump Market Size and Forecast, By Product Types (2018 to 2029F) (In USD Billion)
Table 52: South America Pump Market Size and Forecast, By Centrifugal Pump Types (2018 to 2029F) (In USD Billion)
Table 53: South America Pump Market Size and Forecast, By Positive Displacement Pump (2018 to 2029F) (In USD Billion)
Table 54: South America Pump Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 55: Brazil Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 56: Brazil Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 57: Argentina Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 58: Argentina Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 59: Colombia Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 60: Colombia Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 61: Middle East & Africa Pump Market Size and Forecast, By Product Types (2018 to 2029F) (In USD Billion)
Table 62: Middle East & Africa Pump Market Size and Forecast, By Centrifugal Pump Types (2018 to 2029F) (In USD Billion)
Table 63: Middle East & Africa Pump Market Size and Forecast, By Positive Displacement Pump (2018 to 2029F) (In USD Billion)
Table 64: Middle East & Africa Pump Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 65: United Arab Emirates Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 66: United Arab Emirates Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 67: Saudi Arabia Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 68: Saudi Arabia Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)
Table 69: South Africa Pump Market Size and Forecast By Product Types (2018 to 2029F) (In USD Billion)
Table 70: South Africa Pump Market Size and Forecast By Application (2018 to 2029F) (In USD Billion)

Figure 1: Global Pump Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Pump Market Share By Region (2023)
Figure 6: North America Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Pump Market Share By Country (2023)
Figure 8: US Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Canada Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 10: Mexico Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Europe Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 12: Europe Pump Market Share By Country (2023)
Figure 13: Germany Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 14: UK Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 15: France Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 16: Italy Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 17: Spain Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 18: Russia Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 19: Asia-Pacific Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 20: Asia-Pacific Pump Market Share By Country (2023)
Figure 21: China Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 22: Japan Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 23: India Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 24: Australia Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 25: South Korea Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 26: South America Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 27: South America Pump Market Share By Country (2023)
Figure 28: Brazil Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 29: Argentina Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 30: Columbia Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 31: Middle East & Africa Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 32: Middle East & Africa Pump Market Share By Country (2023)
Figure 33: UAE Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 34: Saudi Arabia Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 35: South Africa Pump Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 36: Competitive Dashboard of top 5 players, 2023
Figure 37: Market Share insights of key players, 2023
Figure 38: Porter's Five Forces of Global Pump Market

Pump Market Market Research FAQs

The major types of pumps include centrifugal pumps, positive displacement pumps, reciprocating pumps, and others. Centrifugal pumps are the most common and widely used.

Pumps are extensively used in sectors such as water and wastewater treatment, oil and gas extraction, power generation, chemical processing, and manufacturing industries.

Factors driving market growth include increasing demand for water and wastewater treatment, growth in the oil and gas industry, industrialization, and infrastructure development in emerging economies.

Challenges include competition, fluctuating raw material prices, stringent environmental regulations, and the need for energy-efficient pump solutions.

Environmental regulations drive the demand for eco-friendly and energy-efficient pumps. Compliance with standards related to emissions and energy efficiency is crucial for pump manufacturers.

Innovation is the key for staying competitive. Continuous research and development lead to the introduction of new technologies, materials, and design improvements for enhanced pump performance.
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Global Pump Market Outlook, 2029

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