Pumps Market

Growing need for water and wastewater treatment facilities to boost market growth

Over two-thirds of people on earth reside in regions with a water shortage for at least one month per year. The majority of those who experience this level of water scarcity reside in China and India. As a result, the demand for wastewater treatment is anticipated to increase water usage efficiency and supply water to the municipal and industrial sectors. 

The United Nations University Institute of Water, Environment and Health estimates that high-income nations will treat around 74% of the industrial and municipal wastewater they produce in 2020, compared to 43% for upper-middle-income nations and about 26% for lower-middle-income nations. The need for water treatment facilities, and consequently, pumps in water treatment facilities, is anticipated to rise in emerging countries due to rising environmental awareness and a growing water deficit. 

The initial problem of a large initial expenditure has been lessened by the modular design of wastewater treatment plants, allowing an affordable alternative. Therefore, it is anticipated that demand for pumps will rise throughout the projection period due to growing worries about the environmental effects of wastewater and water scarcity, strict government restrictions, and lowering costs of water treatment plants.

Furthermore, infrastructure improvements and increased industrial activity have contributed to the pumps market's expansion. The need for pumps has surged, particularly as the chemical industries worldwide have expanded quickly. The use of pumps in chemical transfer systems has expanded due to recent developments in corrosion-resistant pumps. Chemicals like sulfuric acid and sodium hydrochloride can be transported easily with the aid of these pumps. 

The development of the pumps market in recent years has also been assisted by unique inventions such as leak detection pressure switches that guarantee safety during chemical activities. Therefore, this factor has enhanced the pumps market CAGR globally in recent years.

Additionally, several emerging nations, like India, are aggressively seeking international alliances to access overseas markets. India, in particular, is promoting technical advancement and upgrading its small-scale enterprises to enter high-tech industries like aerospace and defense by providing financial support. 

Furthermore, a lot of little-known pumps producers are actively offering prices for high-quality substitutes to the pricey pumps on the market. In recent years, these purchases and initiatives have raised the market value of pumps.

However, energy-efficient items are more valuable in Europe, Asia, and North America. In order to produce energy-efficient products across all industries, the governments of those nations have also implemented strict government rules. The Indian government has provided information on using solar water pumps for subsidized electricity. 

The installation of irrigation facilities has been encouraged by such nationwide announcements to farmers and agriculturalists. Thus, driving the growth of the pumps market revenue.

The Global Pumps Market Industry is likely to benefit from the ongoing industrial growth and the increasing trend towards automation across various sectors. Industries such as oil and gas, chemicals, and food and beverage are integrating advanced pumping solutions to enhance operational efficiency. The adoption of automated systems not only reduces labor costs but also improves precision in fluid handling. As industries expand, the demand for specialized pumps tailored to specific applications is expected to rise. This trend aligns with the projected growth of the market, which is anticipated to reach 84.6 USD Billion by 2035, reflecting a compound annual growth rate of 4.43% from 2025 to 2035.

The Global Pumps Market Industry is poised to benefit from the growing focus on renewable energy sources. As countries strive to transition towards sustainable energy systems, the demand for pumps in applications such as geothermal energy, hydropower, and bioenergy is likely to increase. These applications require specialized pumping solutions that can handle varying fluid characteristics and operational conditions. The shift towards renewable energy is expected to create new opportunities for pump manufacturers, contributing to the overall growth of the market. This trend aligns with the broader global movement towards sustainability and energy independence.

The Global Pumps Market Industry is influenced by regulatory frameworks that promote energy efficiency and environmental sustainability. Governments are implementing stringent regulations aimed at reducing energy consumption and greenhouse gas emissions, which in turn encourages the adoption of energy-efficient pump technologies. For instance, initiatives like the Energy Star program in various countries incentivize manufacturers to produce pumps that meet specific energy efficiency criteria. This regulatory support not only fosters innovation but also drives market growth as industries seek to comply with these regulations while optimizing operational costs.

Technological advancements play a pivotal role in shaping the Global Pumps Market Industry. Innovations such as smart pumps equipped with IoT capabilities are revolutionizing the way pumps operate, allowing for real-time monitoring and predictive maintenance. These advancements not only enhance efficiency but also reduce energy consumption, aligning with global sustainability goals. For example, energy-efficient pumps can lead to significant cost savings for end-users, thereby driving adoption. As industries increasingly prioritize sustainability, the demand for technologically advanced pumps is expected to grow, further propelling the market forward.

The Global Pumps Market Industry experiences a notable surge in demand driven by the increasing need for efficient water and wastewater management systems. Governments worldwide are investing in infrastructure projects aimed at improving water supply and sanitation. For instance, the United Nations has emphasized the importance of sustainable water management, which has led to enhanced funding for pump systems. This trend is expected to contribute significantly to the market, with projections indicating a market size of 52.5 USD Billion in 2024. As urban populations grow, the necessity for reliable pumping solutions becomes more pronounced, thereby bolstering the Global Pumps Market Industry.

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. North America pumps market accounted for USD 20.1 billion in 2021 and is expected to exhibit a significant CAGR growth. The industrial and commercial construction markets in North America are experiencing a major uptick in building activity, and this activity is expected to continue growing. Additionally, it is anticipated that increased installation of independent power plants and technology advancements will fuel product demand in North America during the course of the forecast period.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: Pumps Market Share By Region 2021 (%)

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

Asia Pacific pumps market accounts for the second-largest market share. Due to the Asia Pacific region's growing economies' quick industrialization and rising investment in manufacturing, commercial, and industrial projects, the regional market has grown overall. 

Additionally, it is projected that greater product penetration in a variety of end-use industries, such as petrochemical and agriculture, will support market expansion. Further, the China pumps market held the largest market share, and the India pumps market was the fastest growing market in the European region

Europe America pumps Market is expected to grow at the fastest CAGR from 2022 to 2030. Over the projected period, it is anticipated that increasing offshore exploration and production operations in Europe will boost demand for pumps. The demand for water treatment in the municipal and industrial sectors is predicted to rise significantly as a result of strict laws meant to prevent residential water pollution. Moreover, Germany pumps market held the largest market share, and the UK pumps market was the fastest growing market in the North American region.

Major market players are spending a lot of money on R&D to increase their product lines, which will help the pumps market grow even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the pumps industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies adopted by manufacturers in the global pumps industry to benefit clients and expand the market sector is to manufacture locally to reduce operating costs. In recent years, pumps industry has provided medicine with some of the most significant benefits. 

The pumps market major player such as Rundfos (Denmark), Sulzer (Switzerland), Flowserve (US), ITT Corporation (US), Danfoss (Denmark), Ingersoll-Rand (Ireland), The Weir Group (UK), Ebara Corp (Japan), KSB (Germany), Schlumberger (US), Nikkiso Co Ltd (Japan), Wilo AG (Germany) and Roper Industries (US).

A international engineering firm with its Scottish headquarters in Glasgow is called The Weir Group plc. As an engineering firm, the business was founded in 1871. In February 2020, three Lewis pumps were introduced by Weir Mineral: the Horizontal Process Pump, Axial Pump, and Vertical High-Pressure Molten Salt Pump. 

Due to fluctuating raw material prices, broken supply chains, and bad cash flows, several manufacturers were forced to incur losses as a result of the epidemic. This increased the rate of industry mergers and acquisitions, with players like Ingersoll Rand and Grundfos leading the way.

Manufacturing firm situated in Tokyo, Japan called Ebara Corporation produces industrial and environmental machinery such pumps and turbines. In 2018, Ebara Corporation merged Ebara Indstrias Mecânicas e Comércio Ltda (EIMCO) with its fully-owned manufacturer, Thebe Bombas Hidráulicas Ltda, to create "Ebara Bombas América do Sul Ltda" (EBAS).