Press release
Surge In Construction Activities Fuels Expansion Of Industrial Pumps Market Globally: Core Growth Enabler in the Industrial Pumps Market, 2025
Industrial Pumps Market
What Will the Industrial Pumps Industry Market Size Be by 2025?
The size of the industrial pumps market has been consistently expanding over the past few years. A growth from $85.48 billion in 2024 to $88.93 billion in 2025 is expected, at a compound annual growth rate (CAGR) of 4.0%. The rise in the previous period can be ascribed to the development of hygiene and food safety regulations, the enlargement of agriculture and irrigation, the boom in urbanization and construction, and the progression in the chemical and petrochemical sector.
What's the Long-Term Growth Forecast for the Industrial Pumps Market Size Through 2029?
The market for industrial pumps is expected to witness substantial expansion in the coming years, reaching a size of $108.86 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 5.2%. Factors contributing to this growth projection for the forecast period include the adoption of Internet of Things (IoT) for enhancing pump functionality, market proliferation in emerging regions, the broadening scope of pump usage in the oil and gas sector, an increasing contribution of pumps in renewable energy, and a surge in demand for pumps used in industrial processing. Key trends to watch for in the prediction period consist of integration with Industry 4.0, initiatives for energy efficiency, strategic partnerships, innovations in smart pump technology, and a focus on customization and modular designs.
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What Are the Key Growth Drivers Fueling the Industrial Pumps Market Expansion?
The surge in construction activities is anticipated to spur the expansion of the industrial pumps market. These activities pertain to the assembly and installation actions linked with ground disruption activities to construct infrastructures and buildings. Industrial pumps play a vital role in construction by eliminating excess water from the site, which may have amassed due to heavy rainfall or high water tables. Hence, a boost in construction activities would bolster the market. In June 2023, for example, Construction Digital, a UK-based firm uniting all construction brands, forecasted that the UK construction industry would witness a 12% growth in 2024, followed by an incremental 3% rise in 2025. Accordingly, the escalating construction activities are influencing the expansion of the industrial pumps market.
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What Are the Key Trends Driving Industrial Pumps Market Growth?
The rising trend of product innovation is significantly influencing the industrial pumps market. To fortify their market position, major players are focusing on the creation of new technological solutions. For example, in March 2022, Vogelsang GmbH & Co. KG, an accomplished Germany-based manufacturer, developer and distributor of highly engineered equipment, introduced highly efficient rotary lobe pumps. These pumps, with their unique design, are perfect for extreme conditions and consistent high-pressure performance, making them ideal for the oil and gas industry. These are exclusive pumps in the market that possess a rugged gearbox, enabling a constant pressure output of 18 bar and a heat tolerance of up to 200° C.
How Is the Industrial Pumps Market Segmented?
The industrial pumps market covered in this report is segmented -
1) By Product: Centrifugal Pump, Positive Displacement Pump, Other Products
2) By Position: Submersible, Non-Submersible
3) By Driving Force: Engine Driven, Electrical Driven
4) By Application: Oil And Gas, Chemicals, Construction, Power Generation, Water And Wastewater, Other Applications
Subsegments:
1) By Centrifugal Pump: End Suction Pumps, Vertical Turbine Pumps, Submersible Pumps, Axial Flow Pumps
2) By Positive Displacement Pump: Gear Pumps, Diaphragm Pumps, Piston Pumps, Peristaltic Pumps
3) By Other Products: Screw Pumps, Progressive Cavity Pumps, Hydraulic Pumps
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Which Companies Are Leading the Charge in Industrial Pumps Market Innovation?
Major companies operating in the industrial pumps market include Schlumberger Limited, Baker Hughes Company, Atlas Copco, Xylem Inc., Regal Beloit Corporation, Worthington Industries, Alfa Laval AB, EBARA International Corporation, Pentair PLC., Idex Corporation, Grundfos Holding A/S, The Weir Group PLC., Sulzer Ltd, ITT Inc., KSB SE &Co. KGaA, Wilo SE, SPX Flow Inc., Nikkiso Co. Ltd., Kirloskar Brothers Limited, Flowserve Corporation, Gorman-Rupp Company, Tsurumi Manufacturing Co. Ltd., Sundyne LLC, Iwaki Co. Ltd., HMS Group, PumpWorks Inc., LEWA GmbH, ClydeUnion Pumps, Vertiflo Pump Company, PPI Pumps Pvt. Ltd., Hayward Tyler Group Ltd., Parker Hannifin Corporation, SPP Pumps Limited, CRI Pumps Pvt. Ltd.
Which Regions Are Leading the Global Industrial Pumps Market in Revenue?
Asia-Pacific was the largest region in the industrial pumps market in 2024, and is expected to be the fastest-growing region in the forecast period. The regions covered in the industrial pumps market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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