Mechanical Pump Market Analysis and Forecast to 2031: By Pump Type (Positive Displacement, Centrifugal Displacement), Stage Type (Single Pump, Multi Pump), Application (Fuel Pump, Water Pump, Slurry Pump, Other Fluid Pumps), End User (Construction, Manufa

Mechanical Pump Market Analysis and Forecast to 2031: By Pump Type (Positive Displacement, Centrifugal Displacement), Stage Type (Single Pump, Multi Pump), Application (Fuel Pump, Water Pump, Slurry Pump, Other Fluid Pumps), End User (Construction, Manufacturing, Oil & Gas, Others), and Region

The global mechanical pump market was valued at US$ 49.6 billion in 2021 and it is anticipated to grow up to US$ 82.0 billion by 2031, at a CAGR of 5.1% during the forecast period.

Mechanical pumps use mechanical devices such as pistons, claws, rolls, and diaphragms to create a vacuum by acting on the viscous properties of the exhausted gas or liquid. Mechanical vacuum pumps and their respective lubricants must be compatible with moving or containing fluids to prevent wear and corrosion and ensure safe and clean operation. Since most pumps pump different gases at different speeds, the type and consistency of the gas supply also affect the pump’s performance. These types of mechanical pumps are grouped by the technology or mechanism used.

Market Drivers and Trends

Currently, a majority of energy is being generated through conventional power plants, including coal-powered, gas-powered, nuclear, biogas-powered, and geothermal power plants. Water plays a key role in the electricity generation in these plants, as it is converted into steam to propel the turbines. Mechanical pumps are used for circulating water in these power plants. Owing to the increase in population, industrialization, and urbanization across the world, especially in Asia Pacific, the demand for energy is increasing at a high pace. As a result, several fossil fuel-powered power plants are being deployed across the world. For instance, in August 2021, China’s provincial governments approved the construction of 24 new coal power projects capable of generating 5.2 gigawatts (GW) of energy. In December 2020, the government OF South Korea stated its willingness to increase the LNG-based power capacity of the country by 43%, to raise it to 59.1 GW by 2034. In September 2021, the South African government announced its plan of a new 2,500-megawatt nuclear power plant to end the procurement process by 2024. In May 2021, the government of Australia announced to invest US$ 468 million in the development of a controversial gas-fired power plant. Moreover, power generation from the renewable sources of energy is in a nascent stage and is majorly being emphasized in North America and Europe. Thus, the growing demand for energy, consequently escalating power generation activities, is boosting the mechanical pumps market growth.

Market Restraints and Challenges

Increasing overall maintenance and repair cost of mechanical pumps and likely restraining market revenue growth in the forecast period. Further, increasing volatility in raw material prices and the high maintenance cost of mechanical pumps are anticipated to hinder market growth during the forecast period. Growing volatility in raw material prices negatively influences the ability of manufacturers to produce mechanical pumps based on specific requirements.

Global Mechanical Pump Market Segmental Overview

The report analyses the global mechanical pump market based on pump type, stage type, application, end user, and region.

Global Mechanical Pump Market by Pump Type

Based on pump type, it is bifurcated into positive displacement and centrifugal displacement. The centrifugal displacement segment is expected to have the largest mechanical pump market share in 2021 because of increasing urbanization in emerging economies, coupled with growing demand for water treatment plants, are encouraging the adoption of centrifugal pumps in the market. A centrifugal Pump moves fluid by transferring rotational energy from one or more driving rotors. It converts the rotational energy of the fluid into energy in the moving fluid. These pumps are suitable for fluids with higher flow rates and lower viscosity. Therefore, centrifugal pumps are preferred over positive displacement pumps in chemical plants. These pumps are also widely used in HVAC, petroleum, mining, construction, manufacturing, agriculture, and power generation. Due to above mentioned factors, the centrifugal displacement segment is expected to receive the main market attraction resulting in market growth.

Global Mechanical Pump Market by Stage Type

Based on stage type, it is bifurcated into single pump and multi pump. The multi pump segment is expected to dominate the market during the forecast period owing to several reasons. Firstly, the single stage single suction centrifugal pump has a maximum head of only 125 meters. The multistage water pump can achieve more than 125 meters head. Secondly, single stage pump has only one impeller. The multistage pump has two or more impeller. From this, it can be observed that if user need to pump the liquid medium head above 125 meters, then both can meet the requirements. But if the head in 125 meters above, user can only choose a horizontal multistage pump. Due to these factors mentioned above, the multi pump segment is expected to dominate the market during the forecast period.

Global Mechanical Pump Market by Application

Based on application, it is segmented into fuel pump, water pump, slurry pump, and other fluid pumps. The slurry pump segment is expected to dominate the market during the forecast period. Slurry pumps can withstand extensive wear due to characteristics such as: a large impeller diameter, shafts, bearings, and internal passageways as well as heavy-duty construction. On an industrial level, slurry pump features generate higher upfront and operational costs compared to water pumps. However, only slurry pumps can hydro transport solid materials efficiently, and the long-term benefits outweigh initial costs. Due to these factors mentioned above, the slurry pump segment is expected to dominate the market during the forecast period.

Global Mechanical Pump Market by End User

Based on end user, it is segmented into construction, manufacturing, oil & gas, and others. The construction years segment is expected to be the largest segment in the mechanical pump market in 2021 because of the increase in the urban population, which is supported by the rise in living standards. Increase investment in commercial, infrastructure, and institutional development projects, including bus stations, airports, train stations, and educational facilities. In addition, the increase in commercial facilities like entertainment centers, cinemas, shopping malls, hospitals, sports fields, and office buildings continues to push the segment’s market growth. Thus, the construction segment will likely hold a major market share in 2021.

Geographical Analysis of Global Mechanical Pump Market

Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region dominate the market during the forecast period owing to the several developing countries in the region, high industrial presence, and positive economic outlook. Growing urbanization and industrialization in the countries present abundant growth opportunities for mechanical pump market players. The increasing use of enhanced technologies, increasing adoption of the Industrial Internet of Things (IIoT) across various industrial facilities, and growing safety mandates in developing countries such as India, Japan, and China, are the factors that increase the market growth of mechanical pump market.

Note: Inner circle represents the market share for 2021 year and outer circle represents the market share for 2031 year.Major Players in the Global Mechanical Pump Market

The key players studied in the global mechanical pump market are

COVID-19 Impact

In 2020, the COVID-19 pandemic resulted in economic challenges owing to subsequent lockdowns. In 2020, the manufacturing industry was severely affected due to a drastic decrease in product demand, falling prices, and storage shortages. A swift decline in manufacturing revenues due to virtually nonexistent manufacturing demand and slow production capabilities had limited the expenditure on the production of mechanical pumps worldwide. Thus, the COVID-19 pandemic negatively affected the global mechanical pump market in 2020.

However, in 2021, the manufacturing industry started recovering from the significant labor and supply chain challenges that triggered the production of mechanical pumps.

Recent Developments

• September 2022, KSB SE & Co KGaA had launched a new cyclone separator, the KSB HyCone, that protects mechanical seals in pumps. It has primarily been developed for use in large water pumps, where it removes solid particles from the flushing liquid that lubricates and cools the mechanical seals.



• June 2022, Sulzer had launched extended PLR slurry pump series. The PLR slurry pump range is designed to handle liquids with a high solids content. Its wide selection of high-quality construction materials ensures exceptional resistance against wear in all pumping applications for abrasive and corrosive liquids.

Frequently Asked QuestionsQ1. How big is the mechanical pump market?Ans. The global mechanical pump market size was US$ 49.6 billion in 2021 and is anticipated to reach US$ 82.0 billion in 2031, growing at a rate of 5.1% from 2022 to 2031.Q2. What is the mechanical pump market growth rate?Ans. The growth rate of the mechanical pump market is 5.1% from 2022 to 2031.Q3. Which region holds a major market share for the mechanical pump market?Ans. North America holds a major market share of the mechanical pump market in 2021.Q4. Which segment accounted for the largest mechanical pump market share?Ans. Based on pump type, it is bifurcated into positive displacement and centrifugal displacement. The centrifugal displacement segment is expected to have the largest mechanical pump market share in 2021.Q5. Who are the key players in the mechanical pump market?Ans. The global mechanical pump market report includes players such as Q6. What are the factors driving the mechanical pump market growth?Ans. The major factor driving the growth of the market is growing demand for energy.Q7. What are the key growth strategies of mechanical pump market players?Ans. The key growth strategies of mechanical pump market players are product launch, partnerships, and government initiatives.Q8. Which region will provide more business opportunities for the mechanical pump market during the forecast period?Ans. The Asia Pacific region will provide more business opportunities for the mechanical pump market during the forecast period.

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