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Pumps Market Size To Reach $89,175.3 Million By 2033

Pumps Market Size To Reach $89,175.3 Million By 2033

December 2025 | Report Format: Electronic (PDF)

Pumps Market Growth & Trends

The global pumps market size is expected to reach USD 89,175.3 million by 2033, registering a CAGR of 4.8% from 2026 to 2033, according to a new report by Grand View Research, Inc. The market is driven by rising industrial growth, increasing water & wastewater treatment needs, growing demand in the oil & gas sector, and advancements in technology enhancing pump efficiency. In addition, infrastructure development, agricultural activities, and a focus on renewable energy sources contribute to the market's expansion.

Water & wastewater treatment is expected to register a significant growth rate across the forecast period owing to the urbanization, population growth, and rise in manufacturing activities in the industrialized nations. Growing requirements of centrifugal pumps on account of providing properties such as ideal capability of raising pressure inside pump casing, high flow rate deliverability, and high transmission velocity are expected to promote the product’s importance. Moreover, pump stations are particularly needed in wastewater treatment plants where gravity flow is not feasible.

According to the United Nations World Water Development Report, approximately 2 billion people do not have access to clean & safe drinking water globally, and roughly 3.6 billion people, or 46% of the world's population, do not have access to basic sanitation facilities. This is projected to augment the usage of recycled water for direct delivery to end consumers, thus augmenting the demand for wastewater treatment systems and subsequently increasing the demand for pumps over the forecast period.

The oil & gas sector also significantly impacts the market. As exploration and extraction activities intensify, pumps are essential for transporting crude oil and other fluids throughout the production and refining processes. The demand for pumps in this sector remains robust, contributing to the overall market growth. Furthermore, the increasing demand for crude oil to facilitate production centers, overseas logistics, and domestic transport is expected to heighten offshore and onshore exploration activities in the coming years. The above-mentioned trends are expected to promote the requirement of pumps that are capable of handling subsea pressures and providing utility functions.

Agricultural activities, including irrigation and crop spraying, are additional driving factors. Pumps are integral to agricultural processes, ensuring the efficient distribution of water for crops. The modernization of agriculture and the adoption of precision farming techniques further amplify the role of pumps in the agriculture sector. Moreover, technological advancements in the field of irrigation and farming especially in emerging countries, and government funding in farming are some of the key factors for agriculture industry growth. In addition, pumps are used for several purposes which include irrigation, dewatering of crops, reuse, aquatic weed control, fish farming, and water management.

Advancements in pump technology play a pivotal role in shaping the market landscape. Ongoing research and development efforts lead to the creation of more energy-efficient and reliable pump systems. Intelligent pumping solutions, predictive maintenance capabilities, and digitalization further enhance the efficiency and performance of pumps, driving their adoption across various industries. Moreover, the increasing focus on renewable energy sources, such as solar & wind power, creates opportunities for the market. Pumps are utilized in various renewable energy applications, including the transfer of fluids in solar thermal systems and circulation of heat transfer in fluids in geothermal power generation.

Manufacturers are seeking product launches, mergers & acquisitions, and expansions to produce new products. For instance, in November 2023, Waterco Limited acquired Davey Water Products from GUD Holdings Limited in a 42.5 million deal. This acquisition will allow the company to expand its product portfolio and geographical presence.

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Pumps Market Report Highlights

The demand for the positive displacement pump segment is expected to grow at the fastest CAGR of 5.3% from 2026 to 2033 in terms of revenue.
The oil and gas sector segment is expected to grow at a significant CAGR of 5.4% from 2026 to 2033 in terms of revenue.
The oil and gas sector segment is growing significantly due to its continuous demand for fluid transfer in drilling, refining, and transportation processes
The North America pump market is driven by ongoing investments in infrastructure development, water and wastewater management, and the oil & gas sector
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

Pumps Market Segmentation

Grand View Research, Inc has segmented the global pumps market report based on type, end use, and region:

Pumps Type Outlook (Revenue, USD Million, 2021 - 2033)

Centrifugal Pumps
- Centrifugal Pumps By Configuration
  - Single Stage
  - Multistage
- Centrifugal Pumps By Design
  - Radial Flow Pump
  - Mixed Flow Pump
  - Axial Flow Pump
Positive Displacement Pump
- Rotary Pump By Type
  - Gear Pump
  - Screw Pump
  - Vane Pump
  - Lobe Pump
  - Others
- Reciprocating Pump By Type
  - Diaphragm Pump
  - Piston Pump
  - Plunger Pump