Pumps Market by Type (Centrifugal Pumps, Positive Displacement Pump), Distribution Channel (Offline, Online), End-User - Global Forecast 2024-2030

Pumps Market by Type (Centrifugal Pumps, Positive Displacement Pump), Distribution Channel (Offline, Online), End-User - Global Forecast 2024-2030

The Pumps Market size was estimated at USD 95.43 billion in 2023 and expected to reach USD 99.74 billion in 2024, at a CAGR 4.71% to reach USD 131.74 billion by 2030.

Pumps are mechanical devices designed for the purpose of moving fluids, including liquids and gasses, from one location to another. They operate by creating a vacuum or by exerting pressure, which facilitates the flow of fluids. Pumps are fundamental in various industries and daily applications, playing essential roles in water supply, wastewater management, oil and gas industries, agriculture, manufacturing, and many other sectors. Increasing investment in infrastructure development and industrial sector expansion, especially in emerging economies, leads to higher demand for pumps. Moreover, governments worldwide are imposing stringent environmental regulations, pushing industries towards adopting more efficient and less polluting pump technologies. However, the high cost of advanced pump systems and their maintenance can deter small and medium-sized enterprises from adopting them. Furthermore, innovations leading to energy-efficient and more reliable pumping solutions are creating lucrative opportunities for market growth.

Regional Insights

The American region stands as a significant market for pumps, driven by robust industrial and agricultural activities. Enhanced oil recovery projects and shale gas extraction have necessitated the demand for specialized pumps. Water and wastewater management also contribute to market demand, responding to both regulatory pressures and environmental concerns. Industrial automation and digitalization trends are influencing purchasing behavior, with customers increasingly favoring smart pump solutions that offer energy efficiency and remote monitoring capabilities. The EU market for pumps is mature, with a strong focus on energy efficiency driven by stringent regulatory standards. This has led to a demand for pumps that minimize energy consumption and carbon footprint. The adoption of smart pumps is on the rise, with industries and municipalities looking to optimize their systems through automation and data analytics for water treatment and distribution. The requirement for pumps in the Middle East is largely exploited by the oil and gas sector, water scarcity issues, and the need for water desalination projects. The market is witnessing substantial investments in infrastructure and renewable energy projects, notably solar-powered desalination plants, which demand high-efficiency pump solutions. The Asia Pacific showcases high demand for pumps, majorly fueled by its vast industrial sectors, including chemicals, water treatment, and irrigation. Government initiatives focusing on environmental protection have steered the market towards more energy-efficient and environmentally friendly pump systems.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Pumps Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Rising demand for freshwater owing to increasing population
Growing oil and gas exploration activities coupled with Increasing demand for crude oil
Stringent environmental regulations mandating water treatment and pollution control

Market Restraints

High maintenance and operational costs associated with pumps

Market Opportunities

Technological advancements in the manufacturing of pumps
Emergence of 3D printing technology and computer design & modeling

Market Challenges

Concerns associated with pump failure and troubleshooting issues

Market Segmentation Analysis

Type: Increasing utilization of diaphragm pumps positive displacement in chemical processing and water treatment facilities
End-User: Expansion of oil & gas exploration activities boosts the demand for pumps

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Pumps Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment 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, namely 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 assessment of the current state of vendors in the Pumps Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. 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 these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Strategic Acquisition by Wilo UK Enhances Water Management Services Capabilities

Wilo UK has completed the acquisition of Arfon Rewinds Limited, known as Arfon Engineering Services. This acquisition aims to expand Wilo’s service offerings across key operations such as installing, repairing, monitoring, and maintaining water management systems.

The ANNIKA-I and ANISA-I Pumps by Kirloskar Brothers Limited Enhances Fluid Management

Kirloskar Brothers Limited (KBL) has introduced the ANNIKA-I and ANISA-I pumps, embodying innovation in fluid management through a blend of advanced features. These pumps are distinguished by their exceptional corrosion resistance, attributed to a superior cathodic electro-deposited coating, ensuring longevity and durability in adverse conditions. They operate effectively across diverse voltage conditions, providing stable performance even in regions with inconsistent power supplies.

Enhancing Sustainability and Efficiency in Malaysia's Built Environment: The Launch of Grundfos' Advanced NK and NKE Pump Range

Grundfos has unveiled its innovative NK and NKE pump ranges, which are designed to enhance energy efficiency and operational integration for commercial buildings. These pumps, which meet a minimum of IE3 energy efficiency, surpassing current regulatory thresholds are engineered for diverse applications including heating and cooling. Simplifying installation and maintenance, the NKE series eliminates the need for external components, thereby reducing complexity and costs.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Pumps Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Pumps Market, highlighting leading vendors and their innovative profiles. These include Alfa Laval Corporate AB, Altra Industrial Motion Corporation, Atlas Copco AB, Baker Hughes, Cornell Pump Company, Dover Corporation, Ebara Corporation, Flowserve Corporation, Fristam Pumps USA, Gardner Denver, Gorman Rupp Company, Graco Inc., Grundfos Holding A/S, HERMETIC-Pumpen GmbH, Idex Corporation, Ingersoll Rand Inc., ITT Inc., Kirloskar Brothers Ltd., KSB SE & Co. KGaA, Ruhrpumpen Group, Schlumberger Limited, SPX FLOW, Inc., Sulzer Ltd., The Weir Group PLC, Thompson Pump and Manufacturing Company, WILO SE, and Xylem Inc..

Market Segmentation & Coverage

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

Type
Centrifugal Pumps
Positive Displacement Pump
Diaphragm Pumps Positive Displacement
Reciprocating Pumps Positive Displacement
Rotary Pumps Positive Displacement
Distribution Channel
Offline
Online
End-User
Agriculture
Chemicals & Petrochemicals
Manufacturing & Construction
Mining
Oil & Gas
Pharmaceutical
Power Generation
Water & Wastewater
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

Please Note: PDF & Excel + Online Access - 1 Year