Industries Study Report: Pumps Industry

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Uncovering the Key Players in the Pumps Industry: An In-Depth Analysis

Pumps Industry Data Book - Centrifugal Pump and Positive Displacement Pump Market Size, Share, Trends Analysis, And Segment Forecasts, 2024 - 2030

The global Pumps Industry size was estimated at USD 57.7 billion in 2023 and is anticipated to increase at a significant CAGR from 2024 to 2030.

Grand View Research’s pumps sector database is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook report and summary presentations on individual areas of research.

Centrifugal Pump Market Insights

The global centrifugal pump market size was valued at USD 38.6 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2030. The rising residential and commercial infrastructure coupled with the expansion of the manufacturing industry globally is expected to drive the demand for centrifugal pumps globally. The rapid spending on agricultural equipment by major developing countries is also anticipated to bolster product demand. The demand for centrifugal pumps for pumping solvents, water, oils, organics, bases, acids, and any thin liquids is escalating in industrial, agricultural, and domestic applications. The pump offers numerous benefits like corrosion resistance, smooth flow, low maintenance, size & application versatility, etc. These features are anticipated to expand the product demand during the forecast period.

Increasing investments in the exploration and production activities by the oil & gas companies in the U.S. are anticipated to boost the demand for centrifugal pumps in the oil & gas industry. The rising number of infrastructure upgrades, in terms of changing or the installation of new pipelines, is expected to have a positive impact on the growth of the market.

The evolution of 3D-printed impellers and the use of modeling software are the primary examples of how technological advancements are spurring growth. These developments help to improve pump performance, reduce production costs, and produce a higher flow rate and outlet pressure. It is anticipated that additional factors, such as rising investments in desalination in industrial facilities and rising demand for energy-efficient centrifugal pumps would fuel the market growth.

Order your copy of the Free Sample of “Pumps Industry Data Book - Centrifugal Pump and Positive Displacement Pump Market Size, Share, Trends Analysis, And Segment Forecasts, 2024 - 2030” Data Book, published by Grand View Research

Positive Displacement Pump Market Insights

The global positive displacement pumps market size was estimated at USD 19.1 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2030. The market is anticipated to experience growth due to an increasing number of newly established chemical processing plants, coupled with a rising emphasis on wastewater treatment to eliminate harmful effluents. Furthermore, positive displacement pumps are particularly effective with high-viscosity fluids. They provide a consistent flow rate regardless of changes in viscosity, making them suitable for applications involving thick or sticky liquids. These aforementioned factors are anticipated to drive market growth. Positive displacement pumps can generate high pressures.

This makes them suitable for applications where a high-pressure output is required, such as in hydraulic systems or processes that involve pumping fluids over long distances or through pipelines. Moreover, positive displacement pumps find widespread usage across diverse applications due to their versatility and precision. In industries, such as oil & gas, these pumps play a vital role in the transfer of viscous crude oil, while in chemical processing, they are employed for accurate dosing and metering of various chemicals. With a robust presence in applications, such as oil & gas, chemicals, water & wastewater treatment, and manufacturing, positive displacement pumps have become integral to various processes.

In the oil & gas sector, these pumps are crucial for the transfer of crude oil, hydraulic fracturing, and other upstream and downstream activities. The growing shale gas exploration and production activities in the U.S. further amplify the product demand in this sector. In addition, the chemical industry relies on these pumps for precise dosing and transferring of chemicals in the manufacturing processes. The versatility of positive displacement pumps to handle fluids with varying viscosities, corrosive substances, and abrasive materials contributes to their widespread adoption in the U.S. market.

Go through the table of content of Pumps Industry Data Book to get a better understanding of the Coverage & Scope of the study

Pumps Industry Data Book Competitive Landscape

Pump manufacturers are involved in adopting several strategies including acquisitions, mergers, joint ventures, geographical expansions, and new product developments. These strategies aid the companies in increasing their market penetration and providing to the changing technological demand of various industries including agriculture, construction & building services, water & wastewater, power generation, oil & gas, chemical, and others.

Key players operating in the Pumps Industry are:

Grundfos
Xylem
Flowserve
ITT Corporation
CIRCOR International

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Top Pumps Industry Manufacturers: A Comprehensive List of Key Players in the Market

Pumps Industry Data Book - Centrifugal Pump and Positive Displacement Pump Market Size, Share, Trends Analysis, and Segment Forecasts, 2024 - 2030

Access the Global Pumps Industry Data Book, 2024 to 2030, compiled with details like trade data, pricing intelligence, and competitive benchmarking.

Centrifugal Pump Market Report Highlights

The global Centrifugal Pump Market size was valued at USD 38.6 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 3.9% from 2024-2030.

The single-stage segment accounted for 62.8% of the global revenue share in 2022.The single-stage centrifugal pump is most frequently used in sewage, slurry, and industrial pumping. For applications with low to moderate dynamic heads, the single-stage centrifugal pump is also preferred
The market for mixed flow pumps is anticipated to grow as a result of advantages such as high low rates with low-pressure requirements, improved discharge rates with relatively low head velocities, and the flexibility to be adjusted to work effectively and efficiently with little aerodynamic loss
Fluids that are combustible, violent, aggressive, or abrasive are easily handled by axial flow pumps. Automobile, manufacturing, and construction are just a few of the end-use sectors that employ chemicals. The expansion of the aforementioned sectors of the economy will probably increase demand for different chemicals, which will affect how widely axial flow pumps are used for chemical handling
Asia Pacific accounted for around 47.2% of the global revenue share in 2022. The improving economic conditions, rising population, and the presence of one of the biggest manufacturing sectors are projected to impact regional growth positively

Order your copy of Free Sample of “Pumps Industry Data Book - Centrifugal Pump and Positive Displacement Pump Market Size, Share, Trends Analysis, And Segment Forecasts, 2024 - 2030” Data Book, published by Grand View Research

Positive Displacement Pump Market Report Highlights

The global Positive Displacement Pump Market size was valued at USD 19.1 billion in 2023 and is expected to grow at compound annual growth rate (CAGR) of 4.8% from 2024 to 2030.

The rotary-type segment led the market and accounted for a 56.6% share of the global market share in 2023. Rotary pumps, such as gear and screw pumps, excel in providing a continuous and smooth fluid flow, making them ideal for processes requiring constant, non-pulsating delivery.
Reciprocating type segment is expected to witness a CAGR of 5.1% from 2024 to 2030. These pumps are favored for applications requiring high-pressure delivery, such as hydraulic systems and well-injection processes in oil extraction
Oil & gas end-use segment led the market and accounted for a share of 26.0% in 2023. These pumps are commonly used in the oil & gas industry for transferring fluids with varying viscosities, such as crude oil and drilling mud.
Chemical end-use segment is expected to witness a CAGR of 6.0% from 2024 to 2030. Positive displacement pumps are crucial in handling viscous fluids and fluids with varying viscosities, making them versatile solutions for pumping polymers, resins, and other specialty chemicals.
Asia Pacific region is expected to witness a CAGR of 5.7% from 2024 to 2030. Increasing demand for energy, coupled with ongoing oil & gas exploration activities in countries like China and India, requires the product usage for processes, such as crude oil transfer, well stimulation, and enhanced oil recovery

Go through the table of content of Pumps Industry Data Book to get a better understanding of the Coverage and Scope of the study

Competitive Landscape

The global pumps market is highly competitive owing to the presence of both multinational and local manufacturers. Pump manufacturers are involved in adopting several strategies including acquisitions, mergers, joint ventures, geographical expansions, and new product developments.