Industrial Pumps Supplier & Cost Intelligence Report, 2030

Industrial Pumps Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

  • Published Date: ---
  • Base Year for Estimate: 2022
  • Report ID: GVR-P-UC-149
  • Format: Electronic (PDF)
  • Historical Data: 2020 - 2021
  • Number of Pages: 0

Industrial Pumps Category Overview

The industrial pumps category is expected to grow at a CAGR of 4.9% from 2023 to 2030. The industry is being driven significantly by the increased adoption of these pumps in the oil & gas (largest consumer), pharmaceutical, medical, chemical, and petrochemical sectors. The developed nations, particularly those in the European Union and the United States, have a largely saturated food & beverage processing industry, however, the category is witnessing increased demand for industrial pumps in developing nations such as India, Brazil, etc. as the food & beverage processing sector in these nations are being flourished due to increased demand for food.

The industry is witnessing higher adoption of digitization for better water management, timely problem identification, real-time data collection, and remote monitoring. IoT (internet of things) is one such solution that offers a machine-human interface, enabling better monitoring of pump operations in real-time with less human intervention. This is exemplified by smart sensors, a key component of the IoT, which combines external sensors and embedded sensor arrays. In addition, big data is being leveraged by the innovators for the integration of digital technology into pumps, which supports in the optimization of a pump’s effectiveness by analyzing, anticipating and resolving recurring damages. Big data analytics assist in proactively tracking a pump system's history so that it may be maintained appropriately. This cuts down service time and improves the accuracy of failures being fixed in shorter amounts of time.

The category for industrial pumps is moderately fragmented and competitive with the presence of large number of regional and global market players. The players promote their products by utilizing numerous channels such as end-users, distributors, e-commerce portals, company’s website, etc. and compete with each other on different characteristics such as product availability, reputation of the business, technology, design, performance and price. In addition, they are adopting different strategies such as mergers & acquisitions, investment in research & development, expansion of the distribution network and launching of new products, in order to expand their market share and reach. Due to the intense rivalry in the market, players have limited negotiation ability because customers can simply switch to a better option based on pricing and supply capacity.

Initial costs (price of pump, installation & commissioning), cost of energy, and maintenance & repairs are the major key cost components of this category. Businesses in the category, generally use a cost-plus and competition-based pricing model. In the U.S., the price of industrial pumps ranges from $158 to $21,000 based on the brand, power rating, size, construction material, etc. The industry has been witnessing a rise in the price of the pumps by multi-fold due to a continuous rise in the price of raw materials such as copper, steel, plastics, etc. This has brought a slowdown in the industry, leading to a reduced demand for industrial pumps. For instance, if a manufacturer was manufacturing 45 - 50 odd pumps a day, it has now reduced to 11 - 16 a day.

Asia-Pacific dominates the global industrial pumps category, holding 45.4% of the market share. The region is witnessing a continuous reduction in the level of groundwater, which has led to the increased re-usage of water. As a result, industrial pumps are being widely installed in the buildings to support the water infrastructure, thus, leading to higher demand for the product.In Europe, the growth of the industrial pumps category is anticipated to be fuelled by rising energy demand and government investments in renewable energy sources. The stringent regulations framed for restricting water pollution are likely to drive the demand for treatment of water in industrial and municipal sectors which in turn will drive the demand for global industry. Furthermore, assessing the right pump (in terms of power rating and pump capacity) required for the industrial facility, evaluating if the supplier can offer adequate after-sales support through the lifecycle of the pump, ensuring that the supplier meets the regulatory standards, and negotiating prices & terms with suppliers are some of the best sourcing practices considered in this category.

Industrial Pumps Procurement Intelligence Report Scope

Report Attribute


Industrial Pumps Category Growth Rate

CAGR of 4.9% from 2023 to 2030

Base Year for Estimation


Pricing Growth Outlook

10% - 15% increase (Annually)

Pricing Models

Cost-plus pricing, Competition-based pricing

Supplier Selection Scope

Cost and pricing, Past engagements, Productivity, Geographical presence

Supplier Selection Criteria

Years in service, geographic service provision, certifications, type & design of pump, pump capacity/flow rate, maximum head & pressure, energy efficiency, after-sales support, environmental compliance, and others

Report Coverage

Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key Companies Profiled

Dover Corporation, EBARA Corporation, Flowserve Corporation, Grundfos Holding A/S, HERMETIC-Pumpen GmbH, ITT Inc., JEE Pumps (Guj.) Pvt. Ltd., KSB SE & Co. KGaA, Pedrollo S.p.A, Sulzer Management Ltd., The Weir Group PLC, and Xylem Inc.

Regional Scope


Revenue Forecast in 2030

USD 92.7 billion

Historical Data

2020 - 2021

Quantitative Units

Revenue in USD billion and CAGR from 2023 to 2030

Customization Scope

Up to 48 hours of customization free with every report.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Frequently Asked Questions About This Report

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Add-on Services

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

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