Industrial Pumps Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Industrial Pumps Market is poised to experience a 5.1% CAGR from 2024 to 2032. This growth is largely attributed to the escalating demand within the chemicals and petrochemicals sector, driven by the increasing production of essential chemicals and refined products. For instance, according to the International Energy Agency (IEA), global petrochemical demand is expected to increase by 30% by 2030. As industries strive to meet the rising global demand for energy and chemical products, the need for efficient and reliable pumping solutions will surge, further propelling market expansion.

The overall industrial pumps industry is segregated based on Pump Type, Power Source, Flow Rate, Horsepower, Technology, Application, Distribution Channel, and Region.

The Positive Displacement Pumps segment could lead the Industrial Pumps Market over the forecast period, thanks to their superior performance in handling high-viscosity fluids and precise flow control capabilities. These pumps are highly sought after in industries where accurate dosing, high pressure, and minimal pulsation are critical, such as in chemical processing and pharmaceuticals. Their ability to handle a wide range of fluid types, including those with solid particles, makes them indispensable in various industrial applications. As demand for specialized and efficient pumping solutions grows, Positive Displacement Pumps are expected to capture a significant market share by 2032.

The Chemicals and Petrochemicals segment will be a major contributor to the Industrial Pumps Market expansion from 2024 to 2032. This segment growth is fueled by the increasing production of chemicals, polymers, and other petrochemical derivatives, which require reliable pumping systems to ensure efficient processing and transfer. Industrial pumps play a critical role in maintaining the operational integrity of chemical plants and refineries by enabling the safe and efficient transport of hazardous and corrosive fluids. As Global chemicals and petrochemicals industry continues to expand, the demand for industrial pumps within this segment will witness substantial growth.

Europe will be a key region for the Industrial Pumps Market, driven by its advanced industrial base and stringent environmental regulations. The region's well-established chemical and petrochemical industries, in line with the growing emphasis on energy efficiency and sustainable practices, are key factors driving the demand for advanced industrial pumps. Furthermore, significant investments in infrastructure development, particularly in the energy and wastewater sectors, are expected to boost the adoption of industrial pumps across various applications. The presence of leading pump manufacturers and continuous technological advancements further solidify Europe's position as a dominant player in Global Industrial Pumps Market throughout the forecast period.

Product Code: 10553

Chapter 1 Methodology and Scope

1.1 Market scope and definitions
1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
1.3 Base estimates and calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
1.4 Forecast model
- 1.4.1 Primary research and validation
- 1.4.2 Primary sources
- 1.4.3 Data mining sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2021-2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factors affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
3.2 Key news and initiatives
3.3 Regulatory landscape
3.4 Impact forces
- 3.4.1 Growth drivers
  - 3.4.1.1 Rapid industrialization and urbanization
  - 3.4.1.2 Technological Advancements
- 3.4.2 Industry pitfalls and challenges
  - 3.4.2.1 Cost constraints
3.5 Growth potential analysis
3.6 Porter's analysis
3.7 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Pump Type, 2021-2032 (USD Billion) (Million Units)

5.1 Key trends
5.2 Centrifugal pumps
5.3 Positive displacement pumps
5.4 Diaphragm pumps
5.5 Gear pumps
5.6 Screw pumps
5.7 Others (Piston Pumps, Progressive Cavity Pumps, etc)

Chapter 6 Market Estimates and Forecast, By Power Source, 2021-2032 (USD Billion) (Million Units)

6.1 Key trends
6.2 Electric and solar pumps
6.3 Diesel pumps
6.4 Others (Gasoline Solar, Etc)

Chapter 7 Market Estimates and Forecast, By Flow Rate, 2021-2032 (USD Billion) (Million Units)

7.1 Key trends
7.2 Below 100 m3/h
7.3 100 - 500 m3/h
7.4 Above 500 m3/h

Chapter 8 Market Estimates and Forecast, By Horsepower, 2021-2032 (USD Billion) (Million Units)

8.1 Key trends
8.2 Below 100 HP
8.3 100 - 500 HP
8.4 Above 500 HP

Chapter 9 Market Estimates and Forecast, By Technology, 2021-2032 (USD Billion) (Million Units)

9.1 Key trends
9.2 Conventional
9.3 Smart

Chapter 10 Market Estimates and Forecast, By Application, 2021-2032 (USD Billion) (Million Units)

10.1 Key trends
10.2 Water and wastewater treatment
10.3 Chemicals and petrochemicals
10.4 Mining
10.5 Food and beverages
10.6 Construction
10.7 Oil and gas
10.8 Pharmaceutical
10.9 Marine
10.10 Pulp and paper
10.11 Others (Agricultural, Textile, etc)

Chapter 11 Market Estimates and Forecast, By Distribution Channel, 2021-2032 (USD Billion) (Million Units)

11.1 Key trends
11.2 Direct
11.3 Indirect

Chapter 12 Market Estimates and Forecast, By Region, 2021-2032 (USD Billion) (Million Units)

12.1 Key trends
12.2 North America
- 12.2.1 U.S.
- 12.2.2 Canada
12.3 Europe
- 12.3.1 UK
- 12.3.2 Germany
- 12.3.3 France
- 12.3.4 Italy
- 12.3.5 Spain
- 12.3.6 Rest of Europe
12.4 Asia Pacific
- 12.4.1 China
- 12.4.2 India
- 12.4.3 Japan
- 12.4.4 South Korea
- 12.4.5 Indonesia
- 12.4.6 Malaysia
- 12.4.7 Rest of Asia Pacific
12.5 Latin America
- 12.5.1 Brazil
- 12.5.2 Mexico
- 12.5.3 Rest of Latin America
12.6 MEA
- 12.6.1 South Africa
- 12.6.2 Saudi Arabia
- 12.6.3 UAE
- 12.6.4 Rest of MEA

Chapter 13 Company Profiles

13.1 Atlas Copco AB
13.2 Ebara Corporation
13.3 Flowserve Corporation
13.4 Gardner Denver Holdings, Inc.
13.5 Gorman-Rupp Company
13.6 Grundfos
13.7 ITT Inc.
13.8 Kirloskar Brothers Limited
13.9 KSB SE and Co. KGaA
13.10 SPX FLOW, Inc.
13.11 Sulzer Ltd.
13.12 Tsurumi Manufacturing Co., Ltd.
13.13 Weir Group PLC
13.14 Wilo SE
13.15 Xylem Inc.