The pumps market is expected to grow steadily in the coming years, driven by various factors such as rising demand in various industries, increasing focus on energy efficiency, and growing adoption of smart pumps.
The demand for pumps is driven by various industries such as oil and gas, water and wastewater treatment, and the chemical industry. In the oil and gas industry, pumps are used for various applications such as crude oil extraction, refining, and transportation. In the water and wastewater treatment industry, pumps are used for water supply, wastewater treatment, and desalination.
Moreover, increasing focus on energy efficiency is driving the demand for high-efficiency pumps that reduce energy consumption and lower operating costs. Additionally, the growing adoption of smart pumps with advanced features such as remote monitoring and control, predictive maintenance, and energy management is driving the growth of the pumps market.
Geographically, the Asia-Pacific region is expected to be a key market for pumps, driven by the rapid industrialization, urbanization, and infrastructure development in the region. The chemical industry is also driving the demand for high-quality pumps due to the need for precise and accurate fluid handling.
Overall, the pumps market is expected to experience steady growth in the coming years, driven by the increasing demand from various industries and the growing focus on energy efficiency and smart pump technology.
Pumps Market Highlights
Pumps Market is anticipated to surpass over USD 66.1 billion by the year 2030, with a CAGR of 4.70% during forecast period.
Scope of the Report
This report provides an in-depth analysis of the global Pumps market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, and share for North America, Asia-Pacific (APAC), Europe, Middle East Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the Pumps market by its type, end-user, and by region.
By Type
- Positive Displacement
- Reciprocating
- Rotary
- Dynamic
- Centriugal
- Special Effect
By End-User
- Oil Gas
- Water Wastewater
- Power Generation
- Chemicals
- Food Beverage
- Pharmaceutical
By Regions
- North America
- Asia-Pacific
- Europe
- Middle East Africa
- South America
Key Players
The key players of the global pumps market are Grundfos (Denmark), Sulzer (Switzerland), Flowserve (US), ITT Corporation (US), Danfoss (Denmark), Ingersoll-Rand (Ireland), The Weir Group (UK), Ebara Corp (Japan), KSB (Germany), Schlumberger (US), Nikkiso Co Ltd (Japan), Wilo AG (Germany), and Roper Industries (US), among others.
