How big is the pump market?

The global pump market size was estimated at USD 61,876.6 million in 2025 and is expected to reach USD 64,375.1 million in 2026.

What is the pump market growth?

The global pump market, in terms of revenue, is expected to grow at a compound annual growth rate of 4.8% from 2026 to 2033 and reach USD 89,175.3 million by 2033.

Which segment accounted for the largest pump market share?

Asia Pacific dominated the market and accounted for 45.4% revenue share in 2025. The surge in industrial and urban development, along with a rising need for managing fluids and ensuring access to safe drinking water in various countries, including China and India, are poised to enhance market prospects. Additionally, the economies within the Asia-Pacific area are projected to prosper over the forecast period.

Who are the key players in the pumps market?

Some of the key players operating in the pump market include SLB, Ingersoll Rand, The Weir Group PLC, Vaughan Company, KSB SE & Co. KGaA, Pentair, Grundfos Holding A/S, Xylem, Flowserve Corporation, ITT INC., EBARA CORPORATION., IWAKI CO., LTD., Sulzer Ltd, and SPX FLOW, Inc.; Titan Manufacturing Inc.

What are the factors driving the pumps market?

The increasing fluid handling requirements in various industries such as water & wastewater treatment and chemical, power generations has been propelling the market. Further, regulatory compliance and technological advancements in pump technology for energy efficient pumps are driving the market.