Industrial Pump Rentals Market by Type, End-use Industries, Application

List of Tables

[185 Pages Report] The Industrial Pump Rentals Market size was estimated at USD 3.82 billion in 2023 and expected to reach USD 4.08 billion in 2024, at a CAGR 6.87% to reach USD 6.09 billion by 2030.

Industrial pump rentals involve the temporary provision of pumps and related equipment to industries such as construction, mining, oil & gas, and water treatment on a lease basis. This allows companies to use high-quality equipment without the need to invest in purchasing the pumps outright. This service is especially beneficial for short-term projects, emergency situations, or when the need for specific pump types is temporary. Government investments in improving waste infrastructure and investments in wastewater treatment plants and projects have accentuated the deployment of industrial pump rentals. Morever, industry 4.0 initiatives, rapid automation of industries, and expansion of mining and oil and gas operations in emerging economies have benefitted the market for industrial pump rentals. However, ensuring the compatibility of rented pumps with existing systems can be challenging, potentially leading to delays or the need for additional adjustments. Rented equipment may show variability in performance based on its previous usage and maintenance history, and frequent use by various renters can result in wear and tear of the pumps, affecting project efficiency. The integration of smart technologies and IoT in pumps can offer enhanced monitoring, performance, and efficiency, making rental options even more attractive. The shift towards environmentally friendly practices is encouraging the development of energy-efficient pumps, opening new rental markets focused on sustainable solutions.

KEY MARKET STATISTICS
Base Year [2023]	USD 3.82 billion
Estimated Year [2024]	USD 4.08 billion
Forecast Year [2030]	USD 6.09 billion
CAGR (%)	6.87%

Type: Emerging preference for centrifugal pumps owing to their versatility, simplicity, and effectiveness in handling large volumes of low-viscosity fluids

Centrifugal pumps are among the most common types used across diverse industries owing to their simple design and efficacy in moving fluids by converting rotational kinetic energy to hydrodynamic energy. These pumps are suitable for handling large volumes of liquids that have a relatively low viscosity, such as water and light oils. The basic operating principle involves a rotating impeller within a casing, which imparts energy to the fluid, causing it to flow outwards to the discharge point. Centrifugal pumps are favored for their efficiency in continuous flow applications and their ability to operate over a wide range of pressures and volumes. Diaphragm pumps, also known as membrane pumps, operate through the reciprocating action of a flexible diaphragm, alternately drawing in and expelling fluid through valves designed to ensure a unidirectional flow. These pumps are specifically advantageous for handling hazardous, corrosive, or high-viscosity fluids, as well as in applications requiring a high degree of cleanliness. The separation between the fluid and the pump mechanism by the diaphragm allows for the safe transfer of aggressive chemicals without the risk of leaks or contamination. Positive displacement (PD) pumps move fluid by trapping a fixed amount of the fluid and then forcing that trapped volume into a discharge pipe. Different types, including gear, screw, and piston pumps, fall under the positive displacement category, each with specific applications based on the viscosity of the fluid, required pressure, and flow rate. PD pumps are characterized by their ability to move viscous fluids with high efficiency and their capability to maintain a constant flow rate regardless of pressure changes, making them suitable for applications requiring precise volumetric flows. Submersible pumps are designed to be completely submerged in the fluid they are pumping. They are sealed against the fluid and have a watertight gasket to prevent leakage. These pumps are typically used for pumping water from wells, removing water from flooded areas, or handling sewage and slurry.

End-use Industries: Expansion of construction operations and need for industrial pump solutions that cater to the specific conditions

The chemical industry, dealing with the processing of chemicals on a large scale, requires industrial pumps for a myriad of applications, including transferring chemicals, providing process water, and wastewater management. Given the corrosive and sometimes hazardous nature of the materials handled, specialized pumps are needed, often on a rental basis, to cater to varying project requirements or as replacements during equipment maintenance phases. In the construction sector, pumps are used for dewatering purposes, removing excess water from construction sites to create a workable environment. This is essential before laying foundations or for subsurface work. Rentals are particularly popular here due to the project-based nature of the construction industry, where the need for such equipment can be highly variable in duration and scale. Mining operations use industrial pumps for removing groundwater to access resources, mine dewatering, and processing minerals. Pumps in this industry need to be robust due to the abrasive nature of the slurry they often handle. Rentals can provide the flexibility needed for varying stages of mining operations or to replace pumps undergoing maintenance. For municipal and water treatment facilities, pumps play a vital role in moving wastewater to treatment plants, in the treatment process itself, and in water distribution. These applications require reliable and efficient pumps to ensure public health and environmental standards are met. Rentals can be a solution for expanding capacity during peak usage times or during the upgrade of facilities. The oil & gas industry relies on pumps for various stages of its operations, from extraction (upstream) to transportation (midstream) and refining (downstream). Given the critical nature of these operations and the potential for fluctuating production levels, rental pumps are an asset for maintaining continuous operation, especially during maintenance or when scaling operations up or down. Whether for cooling, feeding boilers in power plants, or managing wastewater, the power generation industry requires reliable pumping solutions. The need for rentals can arise during maintenance shutdowns, emergencies, or when additional capacity is needed temporarily.

Regional Insights

In the Americas, the United States and Canada are key nations in the industrial pump rentals market, driven by the strong emphasis on innovation and the adoption of smart pump technologies in sectors such as oil & gas, chemicals, and construction. The need for disaster management solutions, especially for flood control and wastewater management, also propels the need for industrial pump rentals. Customers in the Americas highly value reliability, post-rental service, and technological advancements, with a growing interest in environmentally sustainable options. The EU countries display a mature market for industrial pump rentals, with a focus on energy efficiency, compliance with stringent environmental regulations, and integration of smart technologies. The adoption of circular economy principles also influences rental strategies. The Middle East, with its robust oil & gas sector, demonstrates a substantial requirement for high-capacity pumps, often for dewatering and process applications. The Asia Pacific region exhibits a vibrant demand for industrial pump rentals, driven by rapid industrialization and infrastructural development. APAC, as the manufacturing hub of the world, showcases a high demand for industrial pump rentals, particularly in sectors such as construction, water treatment, and mining. Customers in the Asia Pacific prioritize cost-effective, reliable, and technologically advanced pumping solutions, highlighting a shift towards sustainability and energy efficiency.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Industrial Pump Rentals Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Industrial Pump Rentals Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Industrial Pump Rentals Market, highlighting leading vendors and their innovative profiles. These include Action International Services LLC, APO Pumps & Compressors, Ashtead Group, Barco Pump, Cogent, CORNELL PUMP COMPANY, GPM Rentals, Grundfos Holding A/S, Herc Rentals Inc., Holland Pump Co., Jon's Rental, Kennedy Industries, Kerr Pump & Supply, KSB S.A.S., Modern Energy Rental Pvt. Ltd., MWI Corp., NMC CAT, RAIN FOR RENT, Roper Technologies Inc., Sage Rental Services, Selwood Limited by Workdry International Ltd., SPX FLOW, Inc., Sulzer Management Ltd., Tiger Industrial Rentals, and Xylem.

Market Segmentation & Coverage

This research report categorizes the Industrial Pump Rentals Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Centrifugal Pumps
- Diaphragm Pumps
- Positive Displacement Pumps
- Submersible Pumps

End-use Industries
- Chemical industry
- Construction
- Mining industry
- Municipal & Water Treatment
- Oil & gas industry
- Power industry

Application
- Bypass Pumping
- Dewatering
- Wastewater Pump

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Industrial Pump Rentals Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Industrial Pump Rentals Market?

3. What are the technology trends and regulatory frameworks in the Industrial Pump Rentals Market?

4. What is the market share of the leading vendors in the Industrial Pump Rentals Market?

5. Which modes and strategic moves are suitable for entering the Industrial Pump Rentals Market?

Product Code: MRR-F6513A06BE09

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for industrial pumps from agriculture sector
  - 5.1.1.2. Increasing applications in oil & gas and mining industries
  - 5.1.1.3. Rise in building and construction activities worldwide
- 5.1.2. Restraints
  - 5.1.2.1. High initial rental costs
- 5.1.3. Opportunities
  - 5.1.3.1. Availability of customized solutions and demand for energy-efficient pumps
  - 5.1.3.2. Expansion of industrial pump rentals with supportive services
- 5.1.4. Challenges
  - 5.1.4.1. Concerns associated with maintenance and reliability
5.2. Market Segmentation Analysis
- 5.2.1. Type: Emerging preference for centrifugal pumps owing to their versatility, simplicity, and effectiveness in handling large volumes of low-viscosity fluids
- 5.2.2. End-use Industries: Expansion of construction operations and need for industrial pump solutions that cater to the specific conditions
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Industrial Pump Rentals Market, by Type

6.1. Introduction
6.2. Centrifugal Pumps
6.3. Diaphragm Pumps
6.4. Positive Displacement Pumps
6.5. Submersible Pumps

7. Industrial Pump Rentals Market, by End-use Industries

7.1. Introduction
7.2. Chemical industry
7.3. Construction
7.4. Mining industry
7.5. Municipal & Water Treatment
7.6. Oil & gas industry
7.7. Power industry

8. Industrial Pump Rentals Market, by Application

8.1. Introduction
8.2. Bypass Pumping
8.3. Dewatering
8.4. Wastewater Pump

9. Americas Industrial Pump Rentals Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Industrial Pump Rentals Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Industrial Pump Rentals Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Strategic Partnership Between Atlas Copco Power Technique and Integrated Pump Rentals Bolsters African Market Presence
- 12.3.2. Cooper Equipment Rentals Acquires Action Equipment Rentals
- 12.3.3. Holland Pump Expands Operations Through Strategic Acquisition of BPR Pumping & Vacuum Solutions
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio