The global pumps market was valued at USD 65 billion in 2025 and is projected to reach USD 88.36 billion by 2031, growing at a 5.25% CAGR. Market growth is driven by energy-efficient smart pumps, water and wastewater infrastructure, construction, industrial expansion, and building renovations. APAC leads with over 40% market share, while electric and centrifugal pumps dominate their segments. Multistage pumps are forecast to grow fastest. Key pump market players include Grundfos, Xylem, Flowserve, KSB, Sulzer, Ebara, and Wilo.
Global Pumps Market
Dublin, Aug. 28, 2026 (GLOBE NEWSWIRE) — The “Global Pumps Market Research Report 2026-2031” has been added to ResearchAndMarkets.com’s offering.
Global Pumps Market to Reach USD 88.36 Billion by 2031, Driven by Water Infrastructure and Energy-Efficient Technologies
The global pumps market was valued at USD 65 billion in 2025 and is projected to reach USD 88.36 billion by 2031, expanding at a compound annual growth rate (CAGR) of 5.25%. Market growth is being supported by investments in water and wastewater infrastructure, industrial modernization, commercial construction, building renovation, and energy-efficient pumping solutions.
Energy Efficiency and Smart Pumping Systems Shape Market Growth
Industrial operators, utilities, and building owners are increasingly adopting high-efficiency pumps to lower operating costs and meet sustainability requirements. Manufacturers are responding with intelligent pumping systems, variable-speed drives, digital controls, and monitoring technologies. In 2025, Wilo introduced the Wilo-Stratos GIGA2.0-I, a smart, high-efficiency vertical in-line pump for HVAC and industrial applications.
Water and wastewater treatment remains a major demand driver. In 2025, the Bangalore Water Supply and Sewerage Board announced plans for approximately 20 new sewage treatment plants. In the United States, San Diego’s South Bay International Wastewater Treatment Plant is expanding its treatment capacity to approximately 50-60 million gallons per day by 2027. Similar investments in desalination, wastewater recycling, stormwater management, and municipal water networks are increasing pump deployment worldwide.
Construction and renovation programs are also strengthening demand for water supply, pressure boosting, circulation, wastewater management, and fire protection pumps. Major projects include Nantes University Hospital in Europe and Noida International Airport in India. Saudi Arabia’s Vision 2030 initiatives, energy-efficiency programs, and the European Commission’s Renovation Wave Strategy are supporting the replacement of aging equipment with smart, energy-efficient pumping systems.
Global Pumps Market Segmentation Highlights
- Operation: Electric pumps accounted for approximately 65% of the market in 2025, supported by extensive use across water treatment, industrial processing, HVAC, agriculture, power generation, mining, and oil and gas applications.
- Product: Centrifugal pumps held the largest global pumps market share in 2025 due to strong demand from water treatment, chemicals, agriculture, construction, power generation, and oil and gas industries.
- Stage type: Multistage pumps are forecast to record the fastest CAGR of 6.57%, driven by high-pressure applications in desalination, boiler feed systems, mining, energy production, and long-distance water transport.
- Reciprocating pumps: Piston pumps led the segment in 2025, supported by chemical injection, hydrostatic testing, reverse osmosis, industrial cleaning, and other high-pressure applications.
- Rotary pumps: Gear pumps represented more than 36% of the segment in 2025, reflecting demand from hydraulic systems, fuel transfer, lubrication, chemical processing, and industrial machinery.
- End users: Industrial applications generated the largest market share, with water and wastewater representing the leading industrial segment.
APAC Leads the Global Pump Market
Asia-Pacific accounted for more than 40% of the global pumps market in 2025. China remained the region’s largest contributor, while India was the fastest-growing market. Government programs including the Jal Jeevan Mission, Pradhan Mantri Awas Yojana, Pradhan Mantri Krishi Sinchayee Yojana, and AMRUT continue to support investment in drinking water, irrigation, housing, and wastewater infrastructure.
Europe remains a mature, technology-focused pump market shaped by environmental regulation, water conservation, industrial modernization, and aging infrastructure replacement. Demand is shifting toward connected pumps, intelligent controls, and lifecycle cost optimization. North America ranked as the third-largest regional market in 2025, led by the United States. Regional growth is supported by manufacturing activity, data center liquid cooling, residential equipment replacement, water infrastructure upgrades, and construction.
Recent Pump Industry Developments
- Grundfos patented its next-generation DDA smart digital dosing pump in 2025, targeting consistent chemical dosing across industrial, utility, and building applications.
- Flowserve unveiled a double-hermetically sealed magnetic-drive pump featuring an independent secondary containment system.
- Shakti Pumps approved an investment of approximately USD 1.4 million in Shakti Energy Solutions to support DCR-compliant solar cell and module manufacturing in Pithampur, Madhya Pradesh.
- Atlas Copco acquired hygienic pump specialist Pomac BV in 2024, strengthening its presence in the food and pharmaceutical sectors.
Competitive Landscape
The global pumps market is highly fragmented, with international and regional manufacturers competing through product innovation, acquisitions, partnerships, and expanded distribution. Leading companies include Grundfos, Xylem, EBARA, Wilo, Flowserve, Alfa Laval, Baker Hughes, KSB, Sulzer, Pentair, Franklin Electric, Kirloskar Brothers, Shakti Pumps, Atlas Copco, Ingersoll Rand, Danfoss, WEG, The Weir Group, Torishima Pump, and SPX FLOW.
Research and development priorities include renewable-energy applications, solar pumps, digital dosing, predictive monitoring, intelligent pumping systems, and next-generation hydraulic technologies. These investments are expected to strengthen product efficiency, regulatory compliance, operational reliability, and competitive differentiation through 2031.
Market Coverage
The global pumps market analysis covers electrical and mechanical operations; centrifugal, reciprocating, and rotary products; single-stage and multistage configurations; piston, diaphragm, gear, lobe, screw, and vane pumps; and industrial, agricultural, commercial, and residential end users. Industrial coverage includes oil and gas, water and wastewater, food and beverage, chemicals, power, mining, pharmaceuticals, and related applications. Geographic analysis includes Asia-Pacific, Europe, North America, the Middle East and Africa, and Latin America.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 275 |
| Forecast Period | 2025 – 2031 |
| Estimated Market Value (USD) in 2025 | $65 Billion |
| Forecasted Market Value (USD) by 2031 | $88.36 Billion |
| Compound Annual Growth Rate | 5.2% |
Key Topics Covered:
3. Market Dynamics
- Introduction
- Market Landscape
- Market Opportunities and Trends
- Opportunities and Trends
- Growth Enablers
- Market Enablers
- Market Restraints
- Market Restrains
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- Global Pumps Market
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