Global Industrial Pump Market Size Study, by Product Type (Centrifugal Pump, Positive Displacement Pump), Application (Oil & Gas, Chemicals, Construction), and Regional Forecasts 2022-2032

Description

The global industrial pump market, valued at approximately USD 43.9 billion in 2023, is poised for robust growth, with an estimated compound annual growth rate (CAGR) of 4.7%, reaching USD 66.37 billion by 2032. Industrial pumps are integral to various sectors, offering seamless fluid transfer across industries such as oil & gas, chemicals, and construction. With advancements in energy efficiency and durability, these pumps continue to evolve to meet stringent operational demands and sustainability goals.

The surging demand for energy-efficient fluid transfer systems has significantly influenced the industrial pump market, especially within the oil & gas and chemical sectors. The adoption of advanced centrifugal and positive displacement pumps, which facilitate precise flow control and minimize energy consumption, has gained momentum globally. Furthermore, infrastructure developments in emerging economies have accelerated the need for robust pumps to support construction activities. However, challenges such as high initial investment costs and maintenance complexities could impede market growth in certain regions.

Technological innovations in manufacturing processes have catalyzed the industrial pump sector, enabling the development of smart pumps integrated with IoT for real-time monitoring and predictive maintenance. This innovation aligns with growing trends toward digitalization in industrial operations, offering cost-effective solutions and extending equipment life. Moreover, the transition to eco-friendly, energy-efficient pumps is paving the way for increased adoption across industries, ensuring compliance with global environmental standards.

Regionally, North America dominates the industrial pump market, underpinned by substantial investments in energy infrastructure and chemical production facilities. Europe follows closely, driven by stringent environmental regulations and the adoption of sustainable technologies. The Asia-Pacific region is anticipated to exhibit the fastest growth, fueled by rapid urbanization, industrialization, and significant investments in infrastructure development in countries like China and India. Latin America and the Middle East & Africa also present untapped potential, supported by ongoing oil & gas exploration activities and industrial diversification strategies.

Major market players included in this report are:

Grundfos
Flowserve Corporation
Sulzer Ltd.
KSB SE & Co. KGaA
ITT Inc.
Xylem Inc.
Ebara Corporation
Wilo SE
Weir Group PLC
SPX FLOW, Inc.
Baker Hughes Company
Pentair PLC
Alfa Laval
Ruhrpumpen Group
Netzsch Group

The detailed segments and sub-segment of the market are explained below:

By Product Type:

Centrifugal Pump
Positive Displacement Pump

By Application:

Oil & Gas
Chemicals
Construction

By Region: North America:

U.S.
Canada

Europe:

UK
Germany
France
Spain
Italy
Rest of Europe

Asia-Pacific:

China
India
Japan
Australia
South Korea
Rest of Asia-Pacific

Latin America:

Brazil
Mexico

Middle East & Africa:

Saudi Arabia
South Africa
Rest of Middle East & Africa

Years considered for the study are as follows:

Historical year: 2022
Base year: 2023
Forecast period: 2024 to 2032

Key Takeaways:

Comprehensive market forecasts segmented by product type, application, and region for the next decade.
Regional insights revealing growth trends and emerging opportunities.
Competitive intelligence profiling key players and their market strategies.
Strategic recommendations informed by demand-side and supply-side analyses.

Chapter 1. Global Industrial Pump Market Executive Summary

1.1. Global Industrial Pump Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Product Type
  - 1.3.1.1. Centrifugal Pump
  - 1.3.1.2. Positive Displacement Pump
- 1.3.2. By Application
  - 1.3.2.1. Oil & Gas
  - 1.3.2.2. Chemicals
  - 1.3.2.3. Construction
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Industrial Pump Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Industrial Pump Market Dynamics

3.1. Market Drivers
- 3.1.1. Rising Demand for Energy-Efficient Fluid Transfer Systems
- 3.1.2. Growing Infrastructure Development in Emerging Economies
- 3.1.3. Advancements in Smart Pump Technologies and Digitalization
3.2. Market Challenges
- 3.2.1. High Initial Investment Costs
- 3.2.2. Maintenance Complexities and Operational Downtime
3.3. Market Opportunities
- 3.3.1. Expansion in Emerging Markets
- 3.3.2. Innovations in IoT-Integrated Pump Solutions
- 3.3.3. Adoption of Sustainable and Eco-Friendly Pump Technologies

Chapter 4. Global Industrial Pump Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Industrial Pump Market Size & Forecasts by Product Type 2022-2032

5.1. Segment Dashboard
5.2. Global Industrial Pump Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Centrifugal Pump
- 5.2.2. Positive Displacement Pump

Chapter 6. Global Industrial Pump Market Size & Forecasts by Application 2022-2032

6.1. Segment Dashboard
6.2. Global Industrial Pump Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Oil & Gas
- 6.2.2. Chemicals
- 6.2.3. Construction

Chapter 7. Global Industrial Pump Market Size & Forecasts by Region 2022-2032

7.1. North America Industrial Pump Market
- 7.1.1. U.S. Industrial Pump Market
  - 7.1.1.1. Product Type Breakdown Size & Forecasts, 2022-2032
  - 7.1.1.2. Application Breakdown Size & Forecasts, 2022-2032
- 7.1.2. Canada Industrial Pump Market
  - 7.1.2.1. Product Type Breakdown Size & Forecasts, 2022-2032
  - 7.1.2.2. Application Breakdown Size & Forecasts, 2022-2032
7.2. Europe Industrial Pump Market
- 7.2.1. UK Industrial Pump Market
- 7.2.2. Germany Industrial Pump Market
- 7.2.3. France Industrial Pump Market
- 7.2.4. Spain Industrial Pump Market
- 7.2.5. Italy Industrial Pump Market
- 7.2.6. Rest of Europe Industrial Pump Market
7.3. Asia-Pacific Industrial Pump Market
- 7.3.1. China Industrial Pump Market
- 7.3.2. India Industrial Pump Market
- 7.3.3. Japan Industrial Pump Market
- 7.3.4. Australia Industrial Pump Market
- 7.3.5. South Korea Industrial Pump Market
- 7.3.6. Rest of Asia-Pacific Industrial Pump Market
7.4. Latin America Industrial Pump Market
- 7.4.1. Brazil Industrial Pump Market
- 7.4.2. Mexico Industrial Pump Market
- 7.4.3. Rest of Latin America Industrial Pump Market
7.5. Middle East & Africa Industrial Pump Market
- 7.5.1. Saudi Arabia Industrial Pump Market
- 7.5.2. South Africa Industrial Pump Market
- 7.5.3. Rest of Middle East & Africa Industrial Pump Market

Chapter 8. Global Industrial Pump Market Industry Analysis

8.1. Porter's 5 Force Model
- 8.1.1. Bargaining Power of Suppliers
- 8.1.2. Bargaining Power of Buyers
- 8.1.3. Threat of New Entrants
- 8.1.4. Threat of Substitutes
- 8.1.5. Competitive Rivalry
- 8.1.6. Futuristic Approach to Porter's 5 Force Model
- 8.1.7. Porter's 5 Force Impact Analysis
8.2. PESTEL Analysis
- 8.2.1. Political
- 8.2.2. Economical
- 8.2.3. Social
- 8.2.4. Technological
- 8.2.5. Environmental
- 8.2.6. Legal
8.3. Top Investment Opportunities
8.4. Top Winning Strategies
8.5. Disruptive Trends
8.6. Industry Expert Perspective
8.7. Analyst Recommendation & Conclusion

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
- 9.1.1. Grundfos
- 9.1.2. Flowserve Corporation
- 9.1.3. Sulzer Ltd.
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Grundfos
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Flowserve Corporation
- 9.3.3. Sulzer Ltd.
- 9.3.4. KSB SE & Co. KGaA
- 9.3.5. ITT Inc.
- 9.3.6. Xylem Inc.
- 9.3.7. Ebara Corporation
- 9.3.8. Wilo SE
- 9.3.9. Weir Group PLC
- 9.3.10. SPX FLOW, Inc.
- 9.3.11. Baker Hughes Company
- 9.3.12. Pentair PLC
- 9.3.13. Alfa Laval
- 9.3.14. Ruhrpumpen Group
- 9.3.15. Netzsch Group

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes