South Korea Pumps Market Size & Outlook, 2026-2033
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South Korea pumps market highlights
- The South Korea pumps market generated a revenue of USD 1,922.0 million in 2025 and is expected to reach USD 2,911.2 million by 2033.
- The South Korea market is expected to grow at a CAGR of 5.4% from 2026 to 2033.
- In terms of segment, centrifugal was the largest revenue generating type in 2025.
- Positive Displacement is the most lucrative type segment registering the fastest growth during the forecast period.
Pumps market data book summary
| Market revenue in 2025 | USD 1,922.0 million |
| Market revenue in 2033 | USD 2,911.2 million |
| Growth rate | 5.4% (CAGR from 2026 to 2033) |
| Largest segment | Centrifugal |
| Fastest growing segment | Positive Displacement |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Centrifugal, Positive Displacement |
| Key market players worldwide | SLB, Ingersoll Rand Inc, The Weir Group, Vaughan Chopper Pumps, KSB SE & Co KGaA, Pentair PLC, Grundfos, Xylem Inc, Flowserve Corp, ITT Inc, Ebara Corp, Iwaki America, Sulzer AG, SPX FLOW |
Other key industry trends
- In terms of revenue, South Korea accounted for 3.1% of the global pumps market in 2025.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In Asia Pacific, China pumps market is projected to lead the regional market in terms of revenue in 2033.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,737.1 million by 2033.
Centrifugal was the largest segment with a revenue share of 70.4% in 2025. Horizon Databook has segmented the South Korea pumps market based on centrifugal, positive displacement covering the revenue growth of each sub-segment from 2021 to 2033.
The pumps market in South Korea is expected to undergo significant growth driven by key industries, including refined petroleum, automotive manufacturing, and integrated circuits (ICs). These industries play a critical role in shaping the demand for various types of pumps.
The refined petroleum industry in South Korea is a major consumer of pumps for critical processes throughout the supply chain. Pumps play a vital role in refinery operations, where they handle tasks such as crude oil transportation, refining processes (such as distillation and catalytic cracking), and product distribution.
Moreover, efficient pumping solutions aid the nation to meet both domestic energy demands and export requirements. According to the Observatory of Economic Complexity (OEC), South Korea exported USD 64.1 billion of refined petroleum in 2022.
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Pumps Market Scope
Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Iwaki America | View profile | 501-1000 | Holliston, Massachusetts, United States, North America | https://iwakiamerica.com/ |
| Vaughan Chopper Pumps | View profile | 101-250 | Montesano, Washington, United States, North America | http://www.chopperpumps.com |
| The Weir Group | View profile | 10001+ | Glasgow, Glasgow City, United Kingdom, Europe | https://www.global.weir/ |
| SLB | View profile | 11-50 | Brno, Jihomoravsky kraj, Czech Republic, Europe | https://www.slb.cz |
| SPX FLOW | View profile | 5001-10000 | Charlotte, North Carolina, United States, North America | https://www.spxflow.com/ |
| Grundfos | View profile | 10001+ | Bjerringbro, Midtjylland, Denmark, Europe | http://www.grundfos.com/ |
| Ingersoll Rand Inc | View profile | 18000 | 525 Harbour Place Drive, Suite 600, Davidson, NC, United States, 28036 | https://www.irco.com |
| KSB SE & Co KGaA | View profile | 16038 | Johann-Klein-Strasse 9, Frankenthal, RP, Germany, 67227 | https://www.ksb.com |
| Ebara Corp | View profile | 19629 | 11-1, Haneda Asahi-cho, Ohta-ku, Tokyo, Japan, 144-8510 | http://www.ebara.co.jp |
| ITT Inc | View profile | 10600 | 100 Washington Boulevard, 6th Floor, Stamford, CT, United States, 06902 | https://www.itt.com |
| Pentair PLC | View profile | 10500 | 70 London Road, Regal House, Twickenham, London, United Kingdom, TW13QS | https://www.pentair.com |
| Flowserve Corp | View profile | 16000 | 5215 North O’Connor Boulevard, Suite 700, Irving, TX, United States, 75039 | https://www.flowserve.com |
| Sulzer AG | View profile | 13300 | Neuwiesenstrasse 15, Winterthur, Switzerland, 8401 | https://www.sulzer.com |
| Xylem Inc | View profile | 23000 | 300 Water Street SE, Washington, DC, United States, 20003 | https://www.xylem.com |
South Korea pumps market size, by type, 2021-2033 (US$M)
South Korea Pumps Market Outlook Share, 2025 & 2033 (US$M)
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