Industrial Pump Market Size and Share Forecast Outlook (2024 to 2034)

The global industrial pump market is expected to be valued at USD 68.0 billion by 2024 and rise to USD 113.5 billion by 2034. The market size is expected to develop at a CAGR of 5.3% during the forecast period.

The industrial pump market is growing globally due to increasing industrialization, infrastructure development, and water and wastewater treatment solutions demand. This report analyzes the industrial pump market in the United States, the United Kingdom, Japan, China, and South Korea.

Attributes Key Statistics
Expected Base Year Value (2024) USD 68.0 billion
Anticipated Forecast Value (2034) USD 113.5 billion
Estimated Growth (2024 to 2034) 5.3% CAGR

Lucrative Opportunities Driving Demand Growth in the Industrial Pump Industry

  • Industrialization in developing economies drives the demand for industrial pumps across various manufacturing, construction, and mining sectors.
  • The increasing focus on water conservation and stringent regulations regarding wastewater treatment is driving the demand for industrial pumps used in water supply, sewage treatment, and desalination plants.
  • The growth of the oil and gas industry, particularly in offshore exploration and production activities, is fueling the sales of industrial pumps used in crude oil transportation, refining, and petrochemical processing.
  • Ongoing pump technology advancements drive market growth by offering improved performance, reliability, and cost-effectiveness.
  • The chemical and pharmaceutical industries require specialized pumps for handling corrosive chemicals, solvents, and pharmaceutical ingredients, driving demand for industrial pumps tailored to meet their stringent requirements.
  • Infrastructure development initiatives drive the demand for industrial pumps globally in various construction and infrastructure projects.
  • The increasing emphasis on energy efficiency and sustainability leads to adopting energy-efficient pump technologies, including variable frequency drives (VFDs) and high-efficiency pumps, to reduce energy consumption and operating costs.

Consumption Analysis of the Industrial Pump Market

  • Efficiency is a priority for industries, and they prefer industrial pumps that offer high efficiency, reliability, and durability. This helps optimize processes, reduce downtime, and minimize operational costs.
  • Industrial pump manufacturers are expanding their sales efforts globally. They are capitalizing on emerging opportunities in developing economies and strategic partnerships to penetrate new markets.
  • The adoption of advanced pump technologies is increasing. Energy-efficient pumps, variable frequency drives (VFDs), and smart pump systems are becoming popular.
  • The need for improved performance, energy savings, and predictive maintenance capabilities drives this.
  • With growing concerns over water scarcity and environmental regulations, there is a rising demand for industrial pumps used in water supply, wastewater treatment, desalination, and irrigation systems.
  • Industries seek customizable pump solutions tailored to their specific applications and operating conditions. This drives innovation and specialization among pump manufacturers.

Key Restraints Impacting the Growth of the Industrial Pump Industry

While the industrial pump market is experiencing growth, several restraining factors can adversely affect its development and expansion. These include:

  • The global economy is constantly in flux, with recessions and currency fluctuations common occurrences. These conditions can significantly impact industrial investment decisions, reducing demand for industrial pumps.
  • While industrial pumps are essential for numerous businesses, the initial cost of purchasing and installing them can be intimidating, especially for small and medium-sized enterprises (SMEs).
  • Industrial pumps require regular maintenance, repair, and energy consumption, which can add to significant operational costs. This can strain budgets and reduce profitability, particularly for older or inefficient pump systems.
  • Technological advancements in the pump industry are occurring rapidly, and it can take time for businesses to keep up with them.
  • Regulatory compliance is becoming increasingly important in the modern business landscape, particularly regarding environmental protection, worker safety, and energy efficiency. Businesses that fail to comply with these regulations can face steep fines and penalties, impacting their bottom line.
  • The industrial pump market is highly competitive, with manufacturers offering various pump types and technologies.

Industrial Pump Industry Analysis by Top Investment Segments

Attributes Details
Product Centrifugal Pump
CAGR (2024 to 2034) 5.1%

Centrifugal Pumps are a Versatile and Efficient Option for Various Industrial Applications

Based on the product, centrifugal pumps dominate the global industrial pump market with a 5.1% CAGR through 2034. This rise is attributable to:

  • Centrifugal pumps can handle multiple fluids, including water, chemicals, and petroleum products, making them suitable for applications in water supply, wastewater treatment, irrigation, and fluid transfer tasks.
  • Centrifugal pump's simple design with fewer moving parts reduces maintenance requirements and enhances reliability, making it a popular choice across industries.
  • Centrifugal pumps offer several advantages over alternative pump types, including lower initial costs, higher flow rates, and smoother operation.
  • Centrifugal pumps can accommodate different flow rates and pressure requirements, making them suitable for small-scale and large-scale industrial applications.
  • Advancements in centrifugal pump technology have further improved their performance, energy efficiency, and durability, consolidating their position as the top choice in the industrial pump market.

Inclination toward Online Distribution Channels Grows Due to Unparalleled Advantages to Buyers and Sellers

Attributes Details
Distribution Channel Online
CAGR (2024 to 2034) 4.9%

Based on the distribution channel, online dominates the global industrial pump market with a 4.9% CAGR through 2034. This rising popularity is attributed to:

  • The convenience and accessibility of online platforms are provided to buyers, who can easily browse and compare pump products, make purchases from anywhere and at any time, and access details about the products they are interested in.
  • Online platforms provide greater transparency, information accessibility, and value-added services such as technical support and after-sales service, increasing trust and confidence in online transactions.
  • For sellers, online channels offer a cost-effective way to reach a wider audience, streamline inventory management, and reduce overhead costs.

Analysis of Top Countries Manufacturing, Certifying, and Using Industrial Pumps

The section analyzes the global industrial pump market in the United States, the United Kingdom, China, Japan, and South Korea. The table presents the CAGR for each country, indicating the expected trajectory in that country through 2034.

Countries CAGR
The United States 5.4%
The United Kingdom 6.4%
China 5.6%
Japan 6.7%
South Korea 6.2%

United States Benefits from a Robust Manufacturing Sector, Technological Innovation, and Strong Demand from Various Industries

The United States dominates the global industrial pump market in the North American region. The market in the United States is predicted to exhibit an annual growth rate of 5.4% until 2034.

  • American pump manufacturers are renowned for their advanced technologies and engineering expertise, enabling them to produce high-quality pumps tailored to diverse industrial requirements.
  • With their global competitiveness, these manufacturers continue to innovate and develop cutting-edge pumps that cater to the evolving needs of industries.

Engineering Excellence in Oil and Gas, Water Management, and Pharmaceuticals Boosts Sales in the United Kingdom

The United Kingdom is the leading European country in the global industrial pump market, and is predicted to register an annual growth rate of 6.4%.

  • United Kingdom-based pump manufacturers have a skilled and knowledgeable workforce, strong R&D capabilities, and a reputation for quality and reliability, which positions them as preferred suppliers in the global market.
  • Manufacturers produce innovative, high-quality pumps well-suited for various industrial applications, and their continued focus on research and development ensures that they remain at the forefront of the industry.

Industrial Pump Market in China thrives on Burgeoning Industrialization

The market in China is anticipated to register a CAGR of 5.6% through 2034.

  • China's industrialization, infrastructure development, and increasing investments in water treatment, construction, and manufacturing sectors fuel the expansion of the industrial pump market.
  • Chinese pump manufacturers leverage cost advantages, scale production capabilities, and government support to offer competitively priced pumps to domestic and international markets, driving global growth.
  • Manufacturers are revolutionizing the industry by providing innovative and reliable pump solutions catering to the needs of various sectors. Their continued focus on research and development has enhanced their global competitiveness.

Japan's Technological Prowess and Focus on Quality Aids Market Expansion

The market in Japan is anticipated to register a CAGR of 6.7% through 2034.

  • Japan specializes in high-precision pumps for electronics, automotive, and pharmaceutical industries.
  • Japanese pump manufacturers are renowned for their expertise in developing innovative pump technologies, meeting stringent quality standards, and providing reliable solutions that cater to industries' diverse needs.
  • By focusing on research and development, these manufacturers continue to innovate and develop cutting-edge pumps that meet the evolving needs of industries.

South Korea's Advanced Manufacturing Capabilities in Electronics, Automotive, and Shipbuilding Surges Product Sales

The market in South Korea is anticipated to register a CAGR of 6.2% through 2034.

  • Korean pump manufacturers leverage automation, robotics, and precision engineering to develop cutting-edge pump solutions that cater to the evolving needs of global industries.
  • Manufacturers are renowned for their innovative and reliable pump solutions, and their focus on research and development ensures that they remain at the forefront of the industry.

Competitive Landscape and Strategic Developments

The industrial pump market is witnessing global growth driven by key players such as Grundfos, KSB Group, Xylem Inc., Sulzer Ltd., and Flowserve Corporation. To meet evolving industry demands, these companies invest heavily in research and development to develop advanced pump technologies that offer improved efficiency, reliability, and sustainability.

Besides expanding their geographical footprint through acquisitions, partnerships, and distribution agreements, these companies prioritize customer-centric approaches. They offer value-added services such as technical support, aftermarket services, and digital solutions to enhance customer satisfaction and drive long-term growth.

The key pump manufacturers are committed to implementing sustainable practices to reduce environmental impact. They are working to improve supply chain efficiency, reduce costs, improve delivery times, and enhance customer satisfaction.

Due to these strategic initiatives and the increasing demand for reliable and efficient pumping solutions across various industries, the global industrial pump market is expected to continue its growth trajectory in the coming years.

Recent Developments

  • On January 29, 2024, SPX FLOW launched the Universal 2nd (U2ND) Positive Displacement Pump Series under its Waukesha Cherry-Burrell (WCB) brand, catering to industrial users' needs. This series, renowned for quality and durability, optimizes costs and suitability for the industrial market, effectively addressing industry demands.
  • On November 3, 2023, DXP Enterprises, Inc. successfully concluded the acquisition of Alliance Pump & Mechanical Service, Inc. Utilizing cash reserves, DXP acquired Alliance, a prominent player in municipal and industrial pump sales, service, and repair.
  • On August 22, 2023, Atlas Copco finalized the acquisition of Sykes Group Pty Ltd. from Seven Group Holdings Ltd., an Australian Securities Exchange-listed company. Sykes, a dewatering pump manufacturer, specializes in pumps primarily used in the mining and wastewater sectors, effectively complementing Atlas Copco's portfolio.

Leading Companies Profiled in the Industrial Pump Market Report

  • Dover Corporation
  • Ebara Corporation
  • Flowserve Corporation
  • Grundfos Holding A/S
  • ITT Inc.
  • Xylem
  • Flowserve Corporation
  • WILO SE
  • KSB SE & Co. KGaA
  • Sulzer Ltd
  • Schlumberger Limited
  • The Weir Group PLC
  • ALFA LAVAL
  • Pentair
  • IDEX
  • Baker Hughes Company
  • SPX Flow

Key Coverage in the Industrial Pump Market Report

  • Top 10 Industrial Pump Suppliers
  • Demand Analysis for Industrial Pump Rental Market
  • Strategies for Industrial Pump Manufacturers in India and Coimbatore
  • Profiling of the Largest Industrial Pump Manufacturers
  • Opportunities for Hydro Innovations in Industrial Pump Market

Top Segments Studied in the Industrial Pump Market

By Product:

  • Centrifugal Pump
  • Axial Flow Pump
  • Radial Flow Pump
  • Mixed Flow Pump
  • Positive Displacement Pump
  • Reciprocating
  • Rotary
  • Others

By Distribution Channel:

  • Online
  • Offline

By Application:

  • Oil and Gas
  • Chemicals
  • Construction
  • Power Generation
  • Water and Wastewater
  • Others

By Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • Latin America

Table of Content

  • 1. Executive Summary
  • 2. Market Overview
  • 3. Market Background
  • 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
  • 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product
    • 5.1. Centrifugal Pump
    • 5.2. Axial Flow Pump
    • 5.3. Radial Flow Pump
    • 5.4. Mixed Flow Pump
    • 5.5. Positive Displacement Pump
    • 5.6. Reciprocating
    • 5.7. Rotary
    • 5.8. Others
  • 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel
    • 6.1. Online
    • 6.2. Offline
  • 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application
    • 7.1. Oil and Gas
    • 7.2. Chemicals
    • 7.3. Construction
    • 7.4. Power Generation
    • 7.5. Water and Wastewater
    • 7.6. Others
  • 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
    • 8.1. North America
    • 8.2. Latin America
    • 8.3. Western Europe
    • 8.4. Eastern Europe
    • 8.5. South Asia and Pacific
    • 8.6. East Asia
    • 8.7. Middle East and Africa
  • 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
  • 16. Key Countries Market Analysis
  • 17. Market Structure Analysis
  • 18. Competition Analysis
    • 18.1. Dover Corporation
    • 18.2. Ebara Corporation
    • 18.3. Flowserve Corporation
    • 18.4. READ MORE
    • 18.5. ITT Inc.
    • 18.6. Iwaki Co. Ltd.
    • 18.7. KSB SE & Co. KGaA
    • 18.8. Schlumberger Limited
    • 18.9. SPX Flow Inc.
    • 18.10. Sulzer Ltd.
    • 18.11. The Weir Group PLC
    • 18.12. Vaughan Co. Inc.
    • 18.13. Xylem Inc.
    • 18.14. Grundfos Holding A/S
  • 19. Assumptions & Acronyms Used
  • 20. Research Methodology

List of Tables

Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034

Table 2: Global Market Volume (Units) Forecast by Region, 2019 to 2034

Table 3: Global Market Value (US$ Million) Forecast by Product, 2019 to 2034

Table 4: Global Market Volume (Units) Forecast by Product, 2019 to 2034

Table 5: Global Market Value (US$ Million) Forecast by Distribution Channel, 2019 to 2034

Table 6: Global Market Volume (Units) Forecast by Distribution Channel, 2019 to 2034

Table 7: Global Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 8: Global Market Volume (Units) Forecast by Application, 2019 to 2034

Table 9: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 10: North America Market Volume (Units) Forecast by Country, 2019 to 2034

Table 11: North America Market Value (US$ Million) Forecast by Product, 2019 to 2034

Table 12: North America Market Volume (Units) Forecast by Product, 2019 to 2034

Table 13: North America Market Value (US$ Million) Forecast by Distribution Channel, 2019 to 2034

Table 14: North America Market Volume (Units) Forecast by Distribution Channel, 2019 to 2034

Table 15: North America Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 16: North America Market Volume (Units) Forecast by Application, 2019 to 2034

Table 17: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 18: Latin America Market Volume (Units) Forecast by Country, 2019 to 2034

Table 19: Latin America Market Value (US$ Million) Forecast by Product, 2019 to 2034

Table 20: Latin America Market Volume (Units) Forecast by Product, 2019 to 2034

Table 21: Latin America Market Value (US$ Million) Forecast by Distribution Channel, 2019 to 2034

Table 22: Latin America Market Volume (Units) Forecast by Distribution Channel, 2019 to 2034

Table 23: Latin America Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 24: Latin America Market Volume (Units) Forecast by Application, 2019 to 2034

Table 25: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 26: Western Europe Market Volume (Units) Forecast by Country, 2019 to 2034

Table 27: Western Europe Market Value (US$ Million) Forecast by Product, 2019 to 2034

Table 28: Western Europe Market Volume (Units) Forecast by Product, 2019 to 2034

Table 29: Western Europe Market Value (US$ Million) Forecast by Distribution Channel, 2019 to 2034

Table 30: Western Europe Market Volume (Units) Forecast by Distribution Channel, 2019 to 2034

Table 31: Western Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 32: Western Europe Market Volume (Units) Forecast by Application, 2019 to 2034

Table 33: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 34: Eastern Europe Market Volume (Units) Forecast by Country, 2019 to 2034

Table 35: Eastern Europe Market Value (US$ Million) Forecast by Product, 2019 to 2034

Table 36: Eastern Europe Market Volume (Units) Forecast by Product, 2019 to 2034

Table 37: Eastern Europe Market Value (US$ Million) Forecast by Distribution Channel, 2019 to 2034

Table 38: Eastern Europe Market Volume (Units) Forecast by Distribution Channel, 2019 to 2034

Table 39: Eastern Europe Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 40: Eastern Europe Market Volume (Units) Forecast by Application, 2019 to 2034

Table 41: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 42: South Asia and Pacific Market Volume (Units) Forecast by Country, 2019 to 2034

Table 43: South Asia and Pacific Market Value (US$ Million) Forecast by Product, 2019 to 2034

Table 44: South Asia and Pacific Market Volume (Units) Forecast by Product, 2019 to 2034

Table 45: South Asia and Pacific Market Value (US$ Million) Forecast by Distribution Channel, 2019 to 2034

Table 46: South Asia and Pacific Market Volume (Units) Forecast by Distribution Channel, 2019 to 2034

Table 47: South Asia and Pacific Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 48: South Asia and Pacific Market Volume (Units) Forecast by Application, 2019 to 2034

Table 49: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 50: East Asia Market Volume (Units) Forecast by Country, 2019 to 2034

Table 51: East Asia Market Value (US$ Million) Forecast by Product, 2019 to 2034

Table 52: East Asia Market Volume (Units) Forecast by Product, 2019 to 2034

Table 53: East Asia Market Value (US$ Million) Forecast by Distribution Channel, 2019 to 2034

Table 54: East Asia Market Volume (Units) Forecast by Distribution Channel, 2019 to 2034

Table 55: East Asia Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 56: East Asia Market Volume (Units) Forecast by Application, 2019 to 2034

Table 57: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034

Table 58: Middle East and Africa Market Volume (Units) Forecast by Country, 2019 to 2034

Table 59: Middle East and Africa Market Value (US$ Million) Forecast by Product, 2019 to 2034

Table 60: Middle East and Africa Market Volume (Units) Forecast by Product, 2019 to 2034

Table 61: Middle East and Africa Market Value (US$ Million) Forecast by Distribution Channel, 2019 to 2034

Table 62: Middle East and Africa Market Volume (Units) Forecast by Distribution Channel, 2019 to 2034

Table 63: Middle East and Africa Market Value (US$ Million) Forecast by Application, 2019 to 2034

Table 64: Middle East and Africa Market Volume (Units) Forecast by Application, 2019 to 2034

List of Figures

Figure 1: Global Market Value (US$ Million) by Product, 2024 to 2034

Figure 2: Global Market Value (US$ Million) by Distribution Channel, 2024 to 2034

Figure 3: Global Market Value (US$ Million) by Application, 2024 to 2034

Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034

Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034

Figure 6: Global Market Volume (Units) Analysis by Region, 2019 to 2034

Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034

Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034

Figure 9: Global Market Value (US$ Million) Analysis by Product, 2019 to 2034

Figure 10: Global Market Volume (Units) Analysis by Product, 2019 to 2034

Figure 11: Global Market Value Share (%) and BPS Analysis by Product, 2024 to 2034

Figure 12: Global Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034

Figure 13: Global Market Value (US$ Million) Analysis by Distribution Channel, 2019 to 2034

Figure 14: Global Market Volume (Units) Analysis by Distribution Channel, 2019 to 2034

Figure 15: Global Market Value Share (%) and BPS Analysis by Distribution Channel, 2024 to 2034

Figure 16: Global Market Y-o-Y Growth (%) Projections by Distribution Channel, 2024 to 2034

Figure 17: Global Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 18: Global Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 19: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 20: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 21: Global Market Attractiveness by Product, 2024 to 2034

Figure 22: Global Market Attractiveness by Distribution Channel, 2024 to 2034

Figure 23: Global Market Attractiveness by Application, 2024 to 2034

Figure 24: Global Market Attractiveness by Region, 2024 to 2034

Figure 25: North America Market Value (US$ Million) by Product, 2024 to 2034

Figure 26: North America Market Value (US$ Million) by Distribution Channel, 2024 to 2034

Figure 27: North America Market Value (US$ Million) by Application, 2024 to 2034

Figure 28: North America Market Value (US$ Million) by Country, 2024 to 2034

Figure 29: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 30: North America Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 33: North America Market Value (US$ Million) Analysis by Product, 2019 to 2034

Figure 34: North America Market Volume (Units) Analysis by Product, 2019 to 2034

Figure 35: North America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034

Figure 36: North America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034

Figure 37: North America Market Value (US$ Million) Analysis by Distribution Channel, 2019 to 2034

Figure 38: North America Market Volume (Units) Analysis by Distribution Channel, 2019 to 2034

Figure 39: North America Market Value Share (%) and BPS Analysis by Distribution Channel, 2024 to 2034

Figure 40: North America Market Y-o-Y Growth (%) Projections by Distribution Channel, 2024 to 2034

Figure 41: North America Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 42: North America Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 43: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 44: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 45: North America Market Attractiveness by Product, 2024 to 2034

Figure 46: North America Market Attractiveness by Distribution Channel, 2024 to 2034

Figure 47: North America Market Attractiveness by Application, 2024 to 2034

Figure 48: North America Market Attractiveness by Country, 2024 to 2034

Figure 49: Latin America Market Value (US$ Million) by Product, 2024 to 2034

Figure 50: Latin America Market Value (US$ Million) by Distribution Channel, 2024 to 2034

Figure 51: Latin America Market Value (US$ Million) by Application, 2024 to 2034

Figure 52: Latin America Market Value (US$ Million) by Country, 2024 to 2034

Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 54: Latin America Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 57: Latin America Market Value (US$ Million) Analysis by Product, 2019 to 2034

Figure 58: Latin America Market Volume (Units) Analysis by Product, 2019 to 2034

Figure 59: Latin America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034

Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034

Figure 61: Latin America Market Value (US$ Million) Analysis by Distribution Channel, 2019 to 2034

Figure 62: Latin America Market Volume (Units) Analysis by Distribution Channel, 2019 to 2034

Figure 63: Latin America Market Value Share (%) and BPS Analysis by Distribution Channel, 2024 to 2034

Figure 64: Latin America Market Y-o-Y Growth (%) Projections by Distribution Channel, 2024 to 2034

Figure 65: Latin America Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 66: Latin America Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 67: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 69: Latin America Market Attractiveness by Product, 2024 to 2034

Figure 70: Latin America Market Attractiveness by Distribution Channel, 2024 to 2034

Figure 71: Latin America Market Attractiveness by Application, 2024 to 2034

Figure 72: Latin America Market Attractiveness by Country, 2024 to 2034

Figure 73: Western Europe Market Value (US$ Million) by Product, 2024 to 2034

Figure 74: Western Europe Market Value (US$ Million) by Distribution Channel, 2024 to 2034

Figure 75: Western Europe Market Value (US$ Million) by Application, 2024 to 2034

Figure 76: Western Europe Market Value (US$ Million) by Country, 2024 to 2034

Figure 77: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 78: Western Europe Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 79: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 80: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 81: Western Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034

Figure 82: Western Europe Market Volume (Units) Analysis by Product, 2019 to 2034

Figure 83: Western Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034

Figure 84: Western Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034

Figure 85: Western Europe Market Value (US$ Million) Analysis by Distribution Channel, 2019 to 2034

Figure 86: Western Europe Market Volume (Units) Analysis by Distribution Channel, 2019 to 2034

Figure 87: Western Europe Market Value Share (%) and BPS Analysis by Distribution Channel, 2024 to 2034

Figure 88: Western Europe Market Y-o-Y Growth (%) Projections by Distribution Channel, 2024 to 2034

Figure 89: Western Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 90: Western Europe Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 91: Western Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 92: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 93: Western Europe Market Attractiveness by Product, 2024 to 2034

Figure 94: Western Europe Market Attractiveness by Distribution Channel, 2024 to 2034

Figure 95: Western Europe Market Attractiveness by Application, 2024 to 2034

Figure 96: Western Europe Market Attractiveness by Country, 2024 to 2034

Figure 97: Eastern Europe Market Value (US$ Million) by Product, 2024 to 2034

Figure 98: Eastern Europe Market Value (US$ Million) by Distribution Channel, 2024 to 2034

Figure 99: Eastern Europe Market Value (US$ Million) by Application, 2024 to 2034

Figure 100: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034

Figure 101: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 102: Eastern Europe Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 103: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 104: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 105: Eastern Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034

Figure 106: Eastern Europe Market Volume (Units) Analysis by Product, 2019 to 2034

Figure 107: Eastern Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034

Figure 108: Eastern Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034

Figure 109: Eastern Europe Market Value (US$ Million) Analysis by Distribution Channel, 2019 to 2034

Figure 110: Eastern Europe Market Volume (Units) Analysis by Distribution Channel, 2019 to 2034

Figure 111: Eastern Europe Market Value Share (%) and BPS Analysis by Distribution Channel, 2024 to 2034

Figure 112: Eastern Europe Market Y-o-Y Growth (%) Projections by Distribution Channel, 2024 to 2034

Figure 113: Eastern Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 114: Eastern Europe Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 115: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 116: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 117: Eastern Europe Market Attractiveness by Product, 2024 to 2034

Figure 118: Eastern Europe Market Attractiveness by Distribution Channel, 2024 to 2034

Figure 119: Eastern Europe Market Attractiveness by Application, 2024 to 2034

Figure 120: Eastern Europe Market Attractiveness by Country, 2024 to 2034

Figure 121: South Asia and Pacific Market Value (US$ Million) by Product, 2024 to 2034

Figure 122: South Asia and Pacific Market Value (US$ Million) by Distribution Channel, 2024 to 2034

Figure 123: South Asia and Pacific Market Value (US$ Million) by Application, 2024 to 2034

Figure 124: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034

Figure 125: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 126: South Asia and Pacific Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 127: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 128: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 129: South Asia and Pacific Market Value (US$ Million) Analysis by Product, 2019 to 2034

Figure 130: South Asia and Pacific Market Volume (Units) Analysis by Product, 2019 to 2034

Figure 131: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product, 2024 to 2034

Figure 132: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034

Figure 133: South Asia and Pacific Market Value (US$ Million) Analysis by Distribution Channel, 2019 to 2034

Figure 134: South Asia and Pacific Market Volume (Units) Analysis by Distribution Channel, 2019 to 2034

Figure 135: South Asia and Pacific Market Value Share (%) and BPS Analysis by Distribution Channel, 2024 to 2034

Figure 136: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Distribution Channel, 2024 to 2034

Figure 137: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 138: South Asia and Pacific Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 139: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 140: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 141: South Asia and Pacific Market Attractiveness by Product, 2024 to 2034

Figure 142: South Asia and Pacific Market Attractiveness by Distribution Channel, 2024 to 2034

Figure 143: South Asia and Pacific Market Attractiveness by Application, 2024 to 2034

Figure 144: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034

Figure 145: East Asia Market Value (US$ Million) by Product, 2024 to 2034

Figure 146: East Asia Market Value (US$ Million) by Distribution Channel, 2024 to 2034

Figure 147: East Asia Market Value (US$ Million) by Application, 2024 to 2034

Figure 148: East Asia Market Value (US$ Million) by Country, 2024 to 2034

Figure 149: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 150: East Asia Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 151: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 152: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 153: East Asia Market Value (US$ Million) Analysis by Product, 2019 to 2034

Figure 154: East Asia Market Volume (Units) Analysis by Product, 2019 to 2034

Figure 155: East Asia Market Value Share (%) and BPS Analysis by Product, 2024 to 2034

Figure 156: East Asia Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034

Figure 157: East Asia Market Value (US$ Million) Analysis by Distribution Channel, 2019 to 2034

Figure 158: East Asia Market Volume (Units) Analysis by Distribution Channel, 2019 to 2034

Figure 159: East Asia Market Value Share (%) and BPS Analysis by Distribution Channel, 2024 to 2034

Figure 160: East Asia Market Y-o-Y Growth (%) Projections by Distribution Channel, 2024 to 2034

Figure 161: East Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 162: East Asia Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 163: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 164: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 165: East Asia Market Attractiveness by Product, 2024 to 2034

Figure 166: East Asia Market Attractiveness by Distribution Channel, 2024 to 2034

Figure 167: East Asia Market Attractiveness by Application, 2024 to 2034

Figure 168: East Asia Market Attractiveness by Country, 2024 to 2034

Figure 169: Middle East and Africa Market Value (US$ Million) by Product, 2024 to 2034

Figure 170: Middle East and Africa Market Value (US$ Million) by Distribution Channel, 2024 to 2034

Figure 171: Middle East and Africa Market Value (US$ Million) by Application, 2024 to 2034

Figure 172: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034

Figure 173: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034

Figure 174: Middle East and Africa Market Volume (Units) Analysis by Country, 2019 to 2034

Figure 175: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034

Figure 176: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034

Figure 177: Middle East and Africa Market Value (US$ Million) Analysis by Product, 2019 to 2034

Figure 178: Middle East and Africa Market Volume (Units) Analysis by Product, 2019 to 2034

Figure 179: Middle East and Africa Market Value Share (%) and BPS Analysis by Product, 2024 to 2034

Figure 180: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034

Figure 181: Middle East and Africa Market Value (US$ Million) Analysis by Distribution Channel, 2019 to 2034

Figure 182: Middle East and Africa Market Volume (Units) Analysis by Distribution Channel, 2019 to 2034

Figure 183: Middle East and Africa Market Value Share (%) and BPS Analysis by Distribution Channel, 2024 to 2034

Figure 184: Middle East and Africa Market Y-o-Y Growth (%) Projections by Distribution Channel, 2024 to 2034

Figure 185: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2019 to 2034

Figure 186: Middle East and Africa Market Volume (Units) Analysis by Application, 2019 to 2034

Figure 187: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2024 to 2034

Figure 188: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034

Figure 189: Middle East and Africa Market Attractiveness by Product, 2024 to 2034

Figure 190: Middle East and Africa Market Attractiveness by Distribution Channel, 2024 to 2034

Figure 191: Middle East and Africa Market Attractiveness by Application, 2024 to 2034

Figure 192: Middle East and Africa Market Attractiveness by Country, 2024 to 2034

Frequently Asked Questions

What is the Industrial Pump Market Currently Worth?

The global industrial pump market is worth USD 68.0 billion in 2024.

What is the Sales Forecast for the Industrial Pump Market through 2034?

The industrial pump market is expected to reach USD 113.5 billion by 2034.

At What Rate is the Industrial Pump Market Growing?

The industrial pump market is rising at a CAGR of 5.3% from 2024 to 2034.

Which are the Key Companies in the Industrial Pump Market?

Some key players in the market are Dover Corporation, Ebara Corporation, Flowserve Corporation, Grundfos Holding A/S, and ITT Inc.

Which is the Top Product in the Industrial Pump Market?

Centrifugal pumps are the top product, with a 5.1% CAGR estimated till 2034.

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Industrial Pump Market