Allied Market Research

Industrial Pumps Market is Expected to Reach $86.3 Billion by 2030—Allied Market Research


Report Code : A08255

quote , “The industrial pumps market is a saturated market with factors such as increase in construction activities, surge in demand for mining industry, and strong industrialization & rapid urbanization in emerging economies. However, fluctuation in raw material prices and high cost of operation of industrial pumps restraint the growth of the industrial pumps market. The automated regulation and control of pumps in industrial applications can upgrade the global industrial pumps market substantially during the forecast period.” quote

Priyanka Khandelwal
Senior Research Analyst, Construction and Manufacturing at Allied Market Research

Get 20% Free Customization In This Report
Follow us on Social Media:       

According to a new report published by Allied Market Research, titled, “Industrial Pumps Market by Type, Position, Driving Force, and End User: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

The global industrial pumps market size is expected to reach $86.3 billion in 2030 from $55.8 billion in 2020, growing at a CAGR of 4.3% from 2021 to 2030. In 2020, Asia-Pacific dominated the market, in terms of revenue, accounting for 43.10% share of the global industrial pumps market.

Industrial pumps are electro-mechanical or mechanical devices used for control of gases, liquid, slurries, and others through pipes and tubes in industries. Different kinds of industrial pumps perform various functions such as shut on/off, pressure control, and other regulation purposes. Moreover, industrial pumps are manufactured using carbon steel, cast iron, stainless steel, and various other metal alloys for attaining high efficiency. Furthermore, the high automation and control in industrial pumps improve their functioning in hazardous applications such as oil & gas, chemical processing, nuclear power generation plants, and others. In addition, the implementation of automation technologies has assisted in reducing the wastage of liquids passing through the pipes, resulting in reduction of costs. Various industries adopt automation and control technologies by upgrading their pre-installed industrial pumps, which, in turn, drives the industrial pumps market growth.

Moreover, the focus on increasing the production of oil & gas in North America has created a high demand for industrial pumps in the region. In addition, increase in growth of metal & mining activities is the one of the key factors, which drives the growth of the global industrial pumps market. 

The COVID-19 pandemic has negatively affected the industrial pumps market mainly due to the halt in international trade, prolonged lockdowns, and ceased manufacturing processes. In addition, the major end-user manufacturing companies located in countries, such as the U.S., Germany, the UK, and others, are also facing financial impacts due to halt in production, which hindered the growth of the industrial pumps market in 2020. 

The global industrial pumps market is segmented into type, position, driving force, end user, and region. By position, the market is categorized into submersible and non-submersible. Non-submersible segment generated the highest revenue in 2020. Depending on driving force, it is segregated into engine-driven and electrical-driven. Electrical driven segment generated the highest revenue in 2020. On the basis of end user, it is differentiated into oil & gas, chemicals, power generation, water & wastewater, and general industry. General industry segment generated the highest revenue in 2020.  On the basis of type, it is differentiated into centrifugal, reciprocating, rotary, and others. Centrifugal segment generated the highest revenue in 2020.

The global industrial pumps market is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Russia, and the rest of Europe), Asia-Pacific (China, India, Japan, Australia, and the rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). Asia-Pacific is expected to hold the largest market share throughout the study period, and is expected to grow at the fastest rate.


  • By position, the Non-submersible segment dominated the global industrial pumps market share in 2020.
  • By type, the centrifugal segment dominated the global industrial pumps market share in 2020.
  • On the basis of driving force, the electrical driven segment is expected to generate high revenue, globally.
  • Depending on end user, the general industry segment garnered major share of the industrial pumps market in 2020.
  • Region-wise, Asia-Pacific dominated the market in 2020 and is expected to witness high growth rate during the forecast period.  

The key market players profiled in the report include Flowserve Corporation, the Weir Group plc, Grundfos, KSB, ITT Inc, Sulzer, EBARA Corporation, Xylem, SPX Flow Corporation, and Baker Hughes.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975



For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at


First time buyer?
Check offers and discount on this report
To get this report

Click Here

quote Industrial Pumps Market by Type (Centrifugal, Reciprocating, Rotary, and Other), Position (Submersible and Non-submersible), Driving Force (Engine-Driven and Electrical-Driven), and End User (Oil & Gas, Chemicals, Power Generation, Water & Wastewater, and General Industry): Global Opportunity Analysis and Industry Forecast, 2021–2030 quote

View Report
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 3,718 niche industries and company profiles on more than 12,953 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.


Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers


Featured Readings


Published Date Jan 2021

Surgical Equipment Market

Download Sample

Published Date Nov 2020

Medical Implant Market

Download Sample

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

Get Industry Data Alerts

Buy Full Version
"Industrial Pumps Market"
Purchase Enquiry