Industrial Pumps Market Size, Share & Trends Report

Industrial Pumps Market (2024 - 2030) Size, Share & Trends Analysis Report By Product Type (Centrifugal Pump, Positive Displacement Pump), By Application (Oil & Gas, Chemicals, Construction), By Region, And Segment Forecasts

Market Segmentation

Industrial Pumps Product Type Outlook (Revenue, USD Million, 2018 - 2030)
- Centrifugal Pumps
  - Axial Flow Pump
  - Radial Flow Pump
  - Mixed Flow Pump
- Positive Displacement Pumps
  - Reciprocating Pumps
  - Rotary Pumps
  - Others
Industrial Pumps Application Outlook (Revenue, USD Million, 2018 - 2030)
- Oil & Gas
- Chemicals
- Construction
- Power Generation
- Water & Wastewater Treatment
- Others
Industrial Pumps Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
  - North America Industrial Pumps Market, By Product Type
    - Centrifugal Pumps
      - Axial Flow Pump
      - Radial Flow Pump
      - Mixed Flow Pump
    - Positive Displacement Pump
      - Reciprocating Pump
      - Rotary Pump
      - Others
  - North America Industrial Pumps Market, By Application
    - Oil & Gas
    - Chemicals
    - Construction
    - Power Generation
    - Water & Wastewater Treatment
    - Others
  - U.S.
    - U.S. Industrial Pumps Market, By Product Type
      - Centrifugal Pumps
        
        Axial Flow Pump
        
        Radial Flow Pump
        
        Mixed Flow Pump
      - Positive Displacement Pump
        
        Reciprocating Pump
        
        Rotary Pump
        
        Others
    - U.S. Industrial Pumps Market, By Application
      - Oil & Gas
      - Chemicals
      - Construction
      - Power Generation
      - Water & Wastewater Treatment
      - Others
  - Canada
    - Canada Industrial Pumps Market, By Product Type
      - Centrifugal Pumps
        
        Axial Flow Pump
        
        Radial Flow Pump
        
        Mixed Flow Pump
      - Positive Displacement Pump
        
        Reciprocating Pump
        
        Rotary Pump
        
        Others
    - Canada Industrial Pumps Market, By Application
      - Oil & Gas
      - Chemicals
      - Construction
      - Power Generation
      - Water & Wastewater Treatment
      - Others
  - Mexico
    - Mexico Industrial Pumps Market, By Product Type
      - Centrifugal Pumps
        
        Axial Flow Pump
        
        Radial Flow Pump
        
        Mixed Flow Pump
      - Positive Displacement Pump
        
        Reciprocating Pump
        
        Rotary Pump
        
        Others
    - Mexico Industrial Pumps Market, By Application
      - Oil & Gas
      - Chemicals
      - Construction
      - Power Generation
      - Water & Wastewater Treatment
      - Others
- Europe
  - Europe Industrial Pumps Market, By Product Type
    - Centrifugal Pumps
      - Axial Flow Pump
      - Radial Flow Pump
      - Mixed Flow Pump
    - Positive Displacement Pump
      - Reciprocating Pump
      - Rotary Pump
      - Others
  - Europe Industrial Pumps Market, By Application
    - Oil & Gas
    - Chemicals
    - Construction
    - Power Generation
    - Water & Wastewater Treatment
    - Others
  - Germany
    - Germany Industrial Pumps Market, By Product Type
      - Centrifugal Pumps
        
        Axial Flow Pump
        
        Radial Flow Pump
        
        Mixed Flow Pump
      - Positive Displacement Pump
        
        Reciprocating Pump
        
        Rotary Pump
        
        Others
    - Germany Industrial Pumps Market, By Application
      - Oil & Gas
      - Chemicals
      - Construction
      - Power Generation
      - Water & Wastewater Treatment
      - Others
  - France
    - France Industrial Pumps Market, By Product Type
      - Centrifugal Pumps
        
        Axial Flow Pump
        
        Radial Flow Pump
        
        Mixed Flow Pump
      - Positive Displacement Pump
        
        Reciprocating Pump
        
        Rotary Pump
        
        Others
    - France Industrial Pumps Market, By Application
      - Oil & Gas
      - Chemicals
      - Construction
      - Power Generation
      - Water & Wastewater Treatment
      - Others
  - Italy
    - Italy Industrial Pumps Market, By Product Type
      - Centrifugal Pumps
        
        Axial Flow Pump
        
        Radial Flow Pump
        
        Mixed Flow Pump
      - Positive Displacement Pump
        
        Reciprocating Pump
        
        Rotary Pump
        
        Others
    - Italy Industrial Pumps Market, By Application
      - Oil & Gas
      - Chemicals
      - Construction
      - Power Generation
      - Water & Wastewater Treatment
      - Others
  - UK
    - UK Industrial Pumps Market, By Product Type
      - Centrifugal Pumps
        
        Axial Flow Pump
        
        Radial Flow Pump
        
        Mixed Flow Pump
      - Positive Displacement Pump
        
        Reciprocating Pump
        
        Rotary Pump
        
        Others
    - UK Industrial Pumps Market, By Application
      - Oil & Gas
      - Chemicals
      - Construction
      - Power Generation
      - Water & Wastewater Treatment
      - Others
- Asia Pacific
  - Asia Pacific Industrial Pumps Market, By Product Type
    - Centrifugal Pumps
      - Axial Flow Pump
      - Radial Flow Pump
      - Mixed Flow Pump
    - Positive Displacement Pump
      - Reciprocating Pump
      - Rotary Pump
      - Others
  - Asia Pacific Industrial Pumps Market, By Application
    - Oil & Gas
    - Chemicals
    - Construction
    - Power Generation
    - Water & Wastewater Treatment
    - Others
  - China
    - China Industrial Pumps Market, By Product Type
      - Centrifugal Pumps
        
        Axial Flow Pump
        
        Radial Flow Pump
        
        Mixed Flow Pump
      - Positive Displacement Pump
        
        Reciprocating Pump
        
        Rotary Pump
        
        Others
    - China Industrial Pumps Market, By Application
      - Oil & Gas
      - Chemicals
      - Construction
      - Power Generation
      - Water & Wastewater Treatment
      - Others
  - India
    - India Industrial Pumps Market, By Product Type
      - Centrifugal Pumps
        
        Axial Flow Pump
        
        Radial Flow Pump
        
        Mixed Flow Pump
      - Positive Displacement Pump
        
        Reciprocating Pump
        
        Rotary Pump
        
        Others
    - India Industrial Pumps Market, By Application
      - Oil & Gas
      - Chemicals
      - Construction
      - Power Generation
      - Water & Wastewater Treatment
      - Others
  - Japan
    - Japan Industrial Pumps Market, By Product Type
      - Centrifugal Pumps
        
        Axial Flow Pump
        
        Radial Flow Pump
        
        Mixed Flow Pump
      - Positive Displacement Pump
        
        Reciprocating Pump
        
        Rotary Pump
        
        Others
    - Japan Industrial Pumps Market, By Application
      - Oil & Gas
      - Chemicals
      - Construction
      - Power Generation
      - Water & Wastewater Treatment
      - Others
- Central & South America
  - Central & South America Industrial Pumps Market, By Product Type
    - Centrifugal Pumps
      - Axial Flow Pump
      - Radial Flow Pump
      - Mixed Flow Pump
    - Positive Displacement Pump
      - Reciprocating Pump
      - Rotary Pump
      - Others
  - Central & South America Industrial Pumps Market, By Application
    - Oil & Gas
    - Chemicals
    - Construction
    - Power Generation
    - Water & Wastewater Treatment
    - Others
  - Brazil
    - Brazil Industrial Pumps Market, By Product Type
      - Centrifugal Pumps
        
        Axial Flow Pump
        
        Radial Flow Pump
        
        Mixed Flow Pump
      - Positive Displacement Pump
        
        Reciprocating Pump
        
        Rotary Pump
        
        Others
    - Brazil Industrial Pumps Market, By Application
      - Oil & Gas
      - Chemicals
      - Construction
      - Power Generation
      - Water & Wastewater Treatment
      - Others
  - Argentina
    - Argentina Industrial Pumps Market, By Product Type
      - Centrifugal Pumps
        
        Axial Flow Pump
        
        Radial Flow Pump
        
        Mixed Flow Pump
      - Positive Displacement Pump
        
        Reciprocating Pump
        
        Rotary Pump
        
        Others
    - Argentina Industrial Pumps Market, By Application
      - Oil & Gas
      - Chemicals
      - Construction
      - Power Generation
      - Water & Wastewater Treatment
      - Others
- Middle East & Africa
  - Middle East & Africa Industrial Pumps Market, By Product Type
    - Centrifugal Pumps
      - Axial Flow Pump
      - Radial Flow Pump
      - Mixed Flow Pump
    - Positive Displacement Pump
      - Reciprocating Pump
      - Rotary Pump
      - Others
  - Middle East & Africa Industrial Pumps Market, By Application
    - Oil & Gas
    - Chemicals
    - Construction
    - Power Generation
    - Water & Wastewater Treatment
    - Others
  - Saudi Arabia
    - Saudi Arabia Industrial Pumps Market, By Product Type
      - Centrifugal Pumps
        
        Axial Flow Pump
        
        Radial Flow Pump
        
        Mixed Flow Pump
      - Positive Displacement Pump
        
        Reciprocating Pump
        
        Rotary Pump
        
        Others
    - Saudi Arabia Industrial Pumps Market, By Application
      - Oil & Gas
      - Chemicals
      - Construction
      - Power Generation
      - Water & Wastewater Treatment
      - Others
  - UAE
    - UAE Industrial Pumps Market, By Product Type
      - Centrifugal Pumps
        
        Axial Flow Pump
        
        Radial Flow Pump
        
        Mixed Flow Pump
      - Positive Displacement Pump
        
        Reciprocating Pump
        
        Rotary Pump
        
        Others
    - UAE Industrial Pumps Market, By Application
      - Oil & Gas
      - Chemicals
      - Construction
      - Power Generation
      - Water & Wastewater Treatment
      - Others

Industrial Pumps Market Dynamics

Driver: Positive Outlook Towards Oil & Gas Sector

The Environmental Impact Assessment (EIA) states that rising power output is the reason for the world's fast growth in energy consumption. This is ascribed to the growing global gross domestic product (GDP) and rising per capita income through 2019. However, the COVID-19 pandemic's decreased economic activity altered the patterns of energy supply and demand in 2020, and it's expected to do so again in the year to come. The daily production of refineries worldwide increased from 83,293 thousand barrels in 2010 to 88,391 thousand barrels in 2020. This is brought on by the rapid industrial expansion that is raising demand for fuels derived from oil. One of the main factors driving the industrial pump industry over the past several years has been the strong demand from refineries. There will likely be a rise in demand for industrial pumps in the oil and gas sector due to the oil and gas firms' increased spending in exploration and production operations worldwide. It's anticipated that the increasing number of pipeline installations and other infrastructure improvements would boost the market's expansion.

Technological Advancement In Industrial Pump Manufacturing

Industrial pumps are predicted to see a rise in demand due to increasing productivity in the end-user sector. These pumps are used in a variety of end-use industries, including water and wastewater treatment, power production, construction, chemical, oil, and gas. Consequently, pump makers have augmented their expenditure to furnish customers with value-added advantages concerning industrial pumps. A rise in exploration operations is anticipated, which will raise the need for industrial pumps due to the growing demand for natural gas, which is utilized in cement, fertilizer, and other processes as well as for cooking and heating. The end-user industry has spent more money internationally in recent years to install improved process control and enhance the quality of industrial pumps, as a result of growing consumer demands. As a result, the producers of industrial pumps in the area have been investing more money to try to raise energy efficiency, which is expected to fuel demand for better energy-efficient industrial pumps throughout the projection period.

Restraint: Stringent Regulations For Manufacturing Of Industrial Pumps

The increasing rivalry among industrial pump producers to set themselves apart has spurred technological innovation and development tailored to specific end-use requirements. But the production of industrial pumps must adhere to the strict safety standards outlined in Title III of the Energy Policy and Conservation Act, as amended, 42 U.S.C. 6311–6317. Failure to do so would probably hinder the market's expansion in the upcoming years. In addition, the U.S. Department of Energy (DOE) published its Energy Conservation Standard and Test Procedure for Pumps for Commercial and Industrial Clean Water Pumps (CIP) in early 2016. This basically mandates that by 2020, industrial pumps sold into the market must be redesigned or reconfigured to meet the new efficiency standards. Furthermore, for pumps utilized in the petrochemical, natural gas, and petroleum sectors, industrial pump manufacturers must adhere to the American Petroleum Institute Standard API-60. In the Americas, pump design and installation must adhere to many standards established by the International Organization for Standardization (ISO).

What Does This Report Include?

This section will provide insights into the contents included in this industrial pumps market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Industrial pumps market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments