Industrial Pumps Market Size, Share & Trends Report

Industrial Pumps Market Size, Share & Trends Analysis Report By Product (Centrifugal, Rotary, Diaphragm), By Application (Oil & Gas, Chemicals, Power, Water & Wastewater), And Segment Forecasts, 2019 - 2025

  • Published Date: Apr, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-1-68038-325-6
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 152

Industry Insights

The global industrial pumps market size was valued at USD 59.1 billion in 2018 and is projected to exhibit a CAGR of 5.9% by 2025. Growing use of industrial pumps in various applications including waste water treatment and chemicals is likely to drive the market over the forecast period.

Increasing expenditure for infrastructure development in numerous regions is anticipated to have a positive influence on the market growth over the forecast period.Rising technological advancement is also likely to fuel the market growth over the forecast period. Growing demand for industrial pumps from end-use industries, coupled with advanced production facilities, is expected to drive the market demand over the forecast period.

U.S. industrial pumps market

The global petroleum industry has witnessed a rise in the crude oil production over the past few years, especially in the Middle East and Africa and North America in both onshore and offshore oilfields, which has been a major driving factor contributing to increased requirement of industrial pumps over the forecast period.

Rising expectations of customers in the past few decades have led to increased spending by the end-user industry globally to improve the quality of industrial pumps, along with installing advanced process control. This has led to increased spending by the industrial pump manufacturers in the region in an attempt to improve energy efficiency, which is likely to drive the demand for improved energy efficient industrial pumps over the forecast period.

The industrial pumps industry is highly price sensitive due to increasing competition from low-cost manufacturers, especially from Asia Pacific. Therefore, volatility in the prices is a restraining factor for the market growth in North America. The degree of consolidation has witnessed a rise in the market due to rising pressure on the profit margins of pump manufacturers in the region.

U.S. constituted the largest market share in North America in 2018. Significant exploration activities in both the offshore and onshore unconventional oil and gas sector are expected to drive the demand for industrial pumps over the forecast period. Furthermore, replacement of existing industrial water and wastewater infrastructure in the country is likely to be another driving factor in the market.

Product Insights

Centrifugal pumps are expected to dominate the industry on account of their predominant consumption in utilities and shop floors of manufacturing units. Centrifugal pumps accounted for 73.5% share of the global revenue in 2018. High market visibility of centrifugal pumps in the manufacturing sector as a result of easy availability from suppliers is expected to remain a favorable factor for the market growth.

Growing importance of hydraulic systems over pneumatic control equipment as power source is expected to increase the application of rotary pumps over the next few years. Rotary pumps accounted for 7.5% share of the overall revenue in 2018. Reciprocating pumps are projected to account for 13.2% share of the total revenue by the end of 2025.

Diaphragm pumps are used for handling any sort of debris that makes them ideal for metering, conveying, and other applications in the water and wastewater sector. Growing population, industrial development, and increasing emphasis on wastewater treatment are expected to drive the segment over the forecast period.

Application Insights

Water and wastewater treatment emerged as the largest application segment accounting for 22.5% share of the global revenue in 2018. The water and wastewater industry has been expanding in the course of recent years due to urbanization, population growth, and rise in manufacturing activities.

Global industrial pumps market

Growing importance of industrial pumps in industries, including chemicals and petrochemicals, owing to their resistivity towards various hazardous chemicals, durability, and increased deliverable pressure with respect to time, will act as a driving force in escalating the existing demand for industrial pumps over the forecast period. Chemicals accounted for 16.5% share of the overall revenue in 2018.

Regional Insights

Asia Pacific is anticipated to dominate the market owing to remarkable growth in end-use industries including oil and gas and water and wastewater treatment. In 2018, Asia Pacific accounted for the largest revenue share of 46.8%. Population expansion, coupled with growing industrial sector in countries like China and India, is anticipated to remain a key driving factor in the market over the forecast period.

In terms of revenue, Europe was the second largest regional market with 19.2% share in 2018, owing to rising demand for industrial pumps from several major end-users, including chemicals and petrochemicals, and food and beverage applications. Stringent regulations aimed at reducing the water pollution on a domestic level are expected to play a key role in increasing the demand for water treatment in the municipal and industrial sectors, thereby driving the demand for industrial pumps over the forecast period.

North America constituted the third largest share in the market in 2018. Demand in the region is likely to be driven by key application sectors, including water and wastewater treatment, construction, and oil and gas. Technological advancements pertaining to superior performance of pumping systems are expected to impel the market growth in North America over the forecast period.

Industrial Pumps Market Share Insights

Key industry participants include A.R. North America, Inc.;Colfax Corporation;Flowserve Corporation; ITT Corporation; Roper Technologies Inc.; SPX Flow Inc.; Vaughan Company Inc.; and Iwaki America Inc.

Establishment of partnerships is one of the most prominent trends observed in the market. International players are focusing on strategic acquisition of small and medium level scale companies to expand their product portfolio. Thus, an intense rivalry is expected among players in the coming years.

Report Scope:



Base year for estimation


Actual/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million, and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa

Country scope

U.S., U.K., Germany, China, India, Japan, Brazil, and UAE

Report coverage

Revenue forecast, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization

Segments Covered in the Report:

This report forecasts revenue growth at the global, regional, and country levels, and provides an analysis on the latest industry trends and opportunities in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global industrial pumps market report on the basis of product, application, and region:

  • Product Outlook (Revenue, USD Million, 2015 - 2025)

    • Centrifugal

    • Reciprocating

    • Rotary

    • Diaphragm

  • Application Outlook (Revenue, USD Million, 2015 - 2025)

    • Oil & Gas

    • Chemicals

    • Construction

    • Power Generation

    • Water & Wastewater

    • Others

  • Regional Outlook (Revenue, USD Million, 2015 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East and Africa

      • UAE

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