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Global Industrial Pumps Market Sees Significant Growth Amid Expanding Wastewater Treatment Facilities and Oil & Gas Exploration

02-03-2025 12:34 PM CET | Industry, Real Estate & Construction

Press release from: Emergen Research

Industrial Pumps Market

Industrial Pumps Market

Industrial Pumps market is expected to grow from an estimated USD 45.96 billion in 2024 to USD 72.5 billion in 2033, at a CAGR of 5.20%. The global industrial pumps market is set to experience substantial growth due to the increasing expansion of wastewater treatment facilities and heightened investments in oil and gas exploration and production. Industrial pumps play a crucial role in managing very viscous fluids at a consistent flow rate, making them essential for wastewater treatment plants and the oil and gas sector.

Key Market Drivers:

Expansion of Wastewater Treatment Facilities: The expansion of wastewater treatment facilities is anticipated to drive the increased utilization of industrial pumps. These pumps are essential for managing viscous fluids, ensuring efficient operations in water treatment plants.

Oil & Gas Sector Growth: Investments in exploration and production operations by oil and gas corporations worldwide are expected to boost the demand for industrial pumps. These pumps are utilized for transporting oil through pipelines and extracting oil from the earth. Infrastructure enhancements, including the installation of new pipes, are anticipated to positively influence market growth.

Government Investments in Clean Water: In February 2024, the U.S. government announced a USD 6.0 billion allocation towards clean drinking water and wastewater infrastructure. Environmental legislation, such as the Clean Water Act (CWA) and the Safe Drinking Water Act (SDWA), is expected to stimulate the establishment of new water treatment facilities, promoting the use of industrial pumps in the U.S.

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Market Trends:

Rising Adoption of Solar Pumps: The increasing adoption of solar pumps is a significant trend in the market. These pumps are gaining traction due to operational interruptions caused by electrical supply deficiencies, particularly in Asia Pacific nations like India and Bangladesh. Solar pumps provide a cost-efficient and environmentally sustainable option for agricultural irrigation systems and water treatment facilities, enhancing the overall industrial pump market.

Market Challenges:

Volatility in Raw Material Prices: Fluctuations in raw material prices pose a challenge to market growth. Industrial pumps, especially centrifugal pumps, predominantly use stainless steel, iron, bronze, and copper. Instability in raw material prices can affect manufacturing costs, impacting smaller enterprises more significantly. Efficient cost management and securing a solid supply chain are crucial for market actors to address these challenges and sustain competitiveness.

Segment Insights:

Centrifugal Pumps: The centrifugal pump category led the market in 2023, driven by the demand for effective water and wastewater management systems. Technological advancements and automation in pump design have significantly improved operational efficiency, making centrifugal pumps a preferred choice in industries such as construction, agriculture, and industry.

Positive Displacement Pumps: Positive displacement pumps, known for their efficiency with high-viscosity liquids, maintain a uniform flow rate irrespective of viscosity variations. These pumps are suitable for applications involving viscous or adhesive substances and are expected to propel market expansion. Positive displacement pumps are also capable of producing elevated pressures, making them ideal for various industrial applications.

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Recent Developments:

KSB SE & Co. KGaA Acquisition: In March 2023, KSB SE & Co. KGaA acquired technology from Bharat Pumps and Compressors (BP&CL). This acquisition allows KSB SE & Co. KGaA to broaden its product range in both the new pump and aftermarket sectors.

KSB Limited Technology Purchase: In March 2023, KSB Limited purchased proprietary technology from Bharat Pumps and Compressors Ltd., securing exclusive ownership and rights to BP&CL's product line technology. This strategic initiative enables KSB Limited to capitalize on its strengths and market opportunities, expanding its product range in both new pump systems and aftermarket sectors.

The industrial pumps market is poised for significant growth, driven by the expansion of wastewater treatment facilities, investments in the oil and gas sector, and the rising adoption of solar pumps. While challenges such as raw material price volatility exist, efficient cost management and technological advancements are expected to drive market expansion in the coming years.

Industrial Pumps Top Companies and Competitive Landscape

The Industrial Pumps Market is growing due to increasing demand in sectors such as oil and gas, water treatment, chemicals, and manufacturing. These pumps are essential for fluid management applications, spanning from basic water circulation to intricate chemical operations. Prominent entities like ITT Inc., Sulzer, Xylem, and Flowserve lead the industry, providing an array of pumps, including centrifugal, diaphragm, and screw variants.

Competition is propelled by innovations in energy-efficient designs, intelligent pumps with IoT integration, and tailored solutions to address specific industry requirements. Market expansion is driven by infrastructure enhancement, industrial automation, and a rising need for sustainable, high-performance solutions.

In January 2024, SPX FLOW's Waukesha Cherry-Burrell brand introduced the Universal 2 ND Positive Displacement Pump (U2 ND) Series for industrial applications. This new series aims to enhance reliability and performance in industrial applications beyond the capabilities of conventional pump types such as industrial gear, lobe, or progressive cavity pumps.

The U2 ND series is anticipated to considerably enhance the WCB pump portfolio and offer superior solutions for industrial pump needs. The forthcoming product introduction is expected to enhance the company's market share.

Browse Detailed Research Report @https://www.emergenresearch.com/industry-report/industrial-pumps-market

Some of the key companies in the global Industrial Pumps market include:

Grundfos Holding A/S

Ingersoll-Rand

Flowserve Corporation

Sulzer Ltd.

Pentair

ITT, INC.

Schlumberger Limited

EBARA International Corporation

The Weir Group PLC.

Industrial Pumps Latest Industry Updates

In March 2023, KSB SE & Co. KGaA announced the acquisition of technologies from Bharat Pumps and Compressors Limited (BP&CL), a significant producer of centrifugal and reciprocating pumps. Following this technology acquisition, KSB SE & Co. KGaA is poised to broaden its product range in both the new pump and aftermarket sectors.

In April 2023, Iwaki America, Inc. announced the introduction of their new line of chemical pumps engineered for application in diverse corrosive conditions.

Industrial Pumps Market Segmentation Analysis

Product Type Outlook (Revenue, USD Billion; 2020-2033)

Centrifugal Pump

Axial Flow Pump

Radial Flow Pump

Mixed Flow Pump

Positive Displacement Pump

Reciprocating

Rotary

Others

Application Outlook (Revenue, USD Billion; 2020-2033)

Oil & Gas

Chemicals

Construction

Power Generation

Water & Wastewater Treatment

Others

Regional Outlook (Revenue, USD Billion; 2020-2033)

North America

United States

Canada

Mexico

Europe

Germany

France

United Kingdom

Italy

Spain

Benelux

Rest of Europe

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific

Latin America

Brazil

Rest of Latin America

Middle East and Africa

Saudi Arabia

UAE

South Africa

Turkey

Rest of MEA

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Browse More Report By Emergen Research:

Industrial Pumps Market Size @ https://www.emergenresearch.com/industry-report/industrial-pumps-market/market-size

 Industrial Pumps Market Share @ https://www.emergenresearch.com/industry-report/industrial-pumps-market/market-share

 Industrial Pumps Market Trends @ https://www.emergenresearch.com/industry-report/industrial-pumps-market/market-trends

 Industrial Pumps Regional Market Demand @ https://www.emergenresearch.com/industry-report/industrial-pumps-market/regional-market-demand

 Industrial Pumps Market Analysis @ https://www.emergenresearch.com/industry-report/industrial-pumps-market/market-analysis

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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