Global Volute Pump Market Overview
As per MRFR analysis, the Volute Pump Market Size was estimated at 18.04 (USD Billion) in 2022. The Volute Pump Market Industry is expected to grow from 18.74 (USD Billion) in 2023 to 26.41 (USD Billion) by 2032. The Volute Pump Market CAGR (growth rate) is expected to be around 3.89% during the forecast period (2023 - 2032).
Key Volute Pump Market Trends Highlighted
The Volute Pump Market is characterized by several key market drivers, which are shaping the industry dynamics and creating significant opportunities for growth. Increasing demand from various industries, such as water and wastewater treatment, oil and gas, and power generation, is a major driver fueling the market's expansion. The growing focus on energy efficiency and the adoption of advanced technologies for optimizing pump performance are also contributing to the market's growth. In recent times, there has been a noticeable trend towards the adoption of submersible volute pumps due to their advantages in handling large volumes of liquids and operating under harsh conditions. The growing demand for these pumps in the mining and construction industries is expected to drive market growth in the coming years. Additionally, the increasing adoption of digitalization and the integration of smart technologies in volute pumps are emerging as key trends, enabling real-time monitoring, predictive maintenance, and improved energy efficiency.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Volute Pump Market Drivers
Increasing Demand for Energy-Efficient Pumping Solutions
Volute pumps are known for their increased energy efficiency, which makes them outstanding for a large variety of industrial and commercial uses. Economizing operational expenditure and reducing the environmental impact are the two reasons why the demand for energy-efficient solutions started growing. Volute pumps are clearly superior by design, which brings down the amount of energy required from previously used pump types. Therefore, the cost of energy purchased by companies also started dropping. This factor is also likely to be the one to play the most central role in the development of the Volute Pump Market Industry during the next few years.
Expansion of Water and Wastewater Infrastructure
Global population increases and urbanization have led to a rise in the demand for water and wastewater infrastructure. As such, volute pumps can be found in extensive use in water supply, wastewater treatment, and irrigation systems. Considering the current development and growth in water and wastewater infrastructure across the globe, the Volute Pump Market Industry has defined a dauntless growth opportunity.
Technological Advancements and Innovation
The pace of advancements in the Volute Pump Market Industry is high, with manufacturers investing in research and development. These advancements are adding to the efficiency, reliability, and durability of the pumps. Moreover, to curb the adverse effects of pump failures, manufacturers are dedicating their investments to integrating advanced materials, hydraulic designs, and other technologies into volute pumps. The availability of many application scopes as a result of the innovations is anticipated to stimulate growth in the Volute Pump Market Industry.
Volute Pump Market Segment Insights
Volute Pump Market Pump Type Insights
Summary The following text presents a market activity forecast for a volute pump. Two types of products are examined, namely, one-staged and multi-staged volute pumps. The main differences between them are that one-staged pumps are mostly utilized in applications with low and medium flow rates and pressures as they are simple in design and not costly in maintenance. In contrast, multi-staged pumps are more adapted to high rates of flow and pressure. Both pumps are used in industrial, agricultural, and municipal applications, such as water supply pumping, irrigation, and any kind of effluent and wastewater pumping, but only multi-staged pumps are applicable in the oil and gas industry, power plants and other chemical industries. Overall, the activity forecast is positive, and the total global revenue reached by the year 2032 is expected to be $26.41 billion.
Introduction Volute pump activity forecast is a representation of the whole range of functions, implementation of which may be achieved by the application of one-staged or multi-staged volute pumps. By the very issuance, the division seems to have been quite clear and fogless. A one-staged pump is more or less simple with regard to its design, maintenance, and other parameters. Meanwhile, the necessity to launch multi-staged pumps was dictated by the need to deal with such issues as high rates of flow and pressure. And more inevitable additional issues emerged, namely, that is how multi-staged volute pumps meant to be were invented. As a result, the one-staged pumps are still more applicable in medium applications, whereas multi-staged are widely and commonly used everywhere, except for oil and gas fields, power production, and manufacturing areas.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Volute Pump Market Discharge Direction Insights
By discharge direction, the Volute Pump Market is segmented into horizontal volute pumps and vertical volute pumps. Horizontal volute pumps are designed to move fluids in a horizontal direction, while vertical volute pumps are designed to move fluids in a vertical direction. The horizontal volute pump segment held the larger revenue share of the Volute Pump Market in 2023, and it is expected to continue to dominate the market over the forecast period. This is because horizontal volute pumps are more commonly used in industrial and commercial applications, where fluids need to be moved over long distances. Vertical volute pumps, on the other hand, are more commonly used in residential and municipal applications, where fluids need to be moved from one level to another. Market growth is mainly driven by the increasing demand for energy-efficient and reliable pumping solutions in the power generation, water and wastewater treatment, and oil and gas industries, among others.
Volute Pump Market Industry Insights
The Water and Wastewater Treatment industry is expected to account for a significant share of the Volute Pump Market revenue in 2024. Volute pumps are widely used in water and wastewater treatment plants for various applications such as water supply, wastewater pumping, and sludge handling. The increasing demand for clean water and the need to upgrade aging water infrastructure are driving the growth of this segment. The Power Generation industry is another major segment for volute pumps, which are used in power plants for circulating cooling water, condensate handling, and other auxiliary applications. The growing demand for electricity and the increasing adoption of renewable energy sources are expected to drive the growth of this segment. The Oil and Gas industry also represents a substantial market for volute pumps, which are used for oil and gas extraction, transportation, and refining. The rising global energy demand and the increasing exploration and production activities are contributing to the growth of this segment. Chemical Processing and Mining are other important industries where volute pumps are used for various applications such as chemical transfer, slurry handling, and dewatering. The increasing production of chemicals and the growing demand for minerals are expected to drive the growth of these segments.
Volute Pump Market Flow Rate Insights
The Volute Pump Market is segmented based on flow rate into low flow rate volute pumps, medium flow rate volute pumps, and high flow rate volute pumps. Among these, the low flow rate volute pumps segment held the largest market share in 2023, accounting for nearly half of the Volute Pump Market revenue. Medium flow rate volute pumps are expected to witness the highest growth rate during the forecast period, owing to their increasing adoption in various industries such as chemical processing, pharmaceuticals, and water treatment. High flow rate volute pumps are primarily used in large-scale industrial applications, such as power plants and oil and gas refineries. The increasing demand for high-performance pumps in these industries is expected to drive the growth of the high flow rate volute pumps segment in the coming years.
Volute Pump Market Regional Insights
The Volute Pump Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023, owing to the presence of a large number of manufacturing industries and the increasing adoption of volute pumps in various applications. Europe is expected to be the second largest market, followed by APAC. The APAC region is expected to witness the highest growth rate over the forecast period due to the increasing demand for volute pumps in emerging economies such as China and India. South America and MEA are expected to account for a smaller share of the global market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Volute Pump Market Key Players And Competitive Insights
As the Volute Pump Market industry is experiencing increased demand for pumps, major players are focusing on expanding their global footprint and strengthening their market position. In addition, leading Volute Pump Market players are investing in research and development to offer innovative products and solutions that meet the changing and evolving needs of their customers. In response to the growing demand for efficient and reliable pump solutions, the Volute Pump Market is experiencing significant development. Moreover, it is important to consider that both global players and regional market participants are part of the Volute Pump Market competitive landscape.
KSB is a major global supplier of pumps, valves, and related products. The company has a strong presence in the Volute Pump Market, and it offers a range of product solutions for various applications. KSB is known as a manufacturer of innovative products and solutions, and its dedication to its customers is widely recognized. Furthermore, KSB has a distinguished global network. The company’s facilities and sales offices are located all around the world or in almost all key regional markets. Thus, KSB is able to meet the needs of its customers worldwide. Another major player in the Volute Pump Market is Grundfos, which is a company headquartered in Denmark. It is a leading pump manufacturer with a global presence in the market. Similarly to KSB, Grundfos offers customers an array of products or, specifically, pumps for use in various applications.
Additionally, this company is known as a supplier of energy-efficient and sustainable products. Thereby, Grundfos has made significant contributions to developing sustainably operating facilities. Moreover, the company focuses on research and development as a key priority, and as a result, the company is devoted to innovation.
Key Companies in the Volute Pump Market Include
- Sulzer
- SPX FLOW, Inc.
- Ampco Pumps Company
- IDEX Corporation
- Grundfos
- Sterling Fluid Systems
- KSB
- ITT Corporation
- Ebara Corporation
- Xylem Corporation
- Flowserve Corporation
- Fluid Handling International
- Wilo
- Kirloskar Brothers Limited
Volute Pump Market Industry Developments
Recent advancements in the Volute Pump Market involve technological developments and strategic collaborations among key players. For instance, in 2023, Sulzer Ltd. introduced a new line of API 610 volute casing pumps designed for demanding applications in the oil and gas industries. Additionally, Grundfos unveiled its latest range of CR pumps, featuring improved hydraulic efficiency and reduced energy consumption. Partnerships between manufacturers and distributors are also shaping the market dynamics. For example, Flowserve Corporation partnered with NOWSCO Well Service to expand its distribution network for volute pumps in the Middle East. These developments indicate a competitive and innovative landscape within the Volute Pump Market.
Volute Pump Market Segmentation Insights
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Volute Pump Market Pump Type Outlook
- Single-Stage Volute Pumps
- Multi-Stage Volute Pumps
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Volute Pump Market Discharge Direction Outlook
- Horizontal Volute Pumps
- Vertical Volute Pumps
-
Volute Pump Market Industry Outlook
- Water and Wastewater Treatment
- Power Generation
- Oil and Gas
- Chemical Processing
- Mining
-
Volute Pump Market Flow Rate Outlook
- Low Flow Rate Volute Pumps
- Medium Flow Rate Volute Pumps
- High Flow Rate Volute Pumps
-
Volute Pump Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
18.04 (USD Billion) |
| Market Size 2023 |
18.74 (USD Billion) |
| Market Size 2032 |
26.41 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
3.89% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Sulzer, SPX FLOW, Inc., Ampco Pumps Company, IDEX Corporation, Grundfos, Sterling Fluid Systems, KSB, ITT Corporation, Ebara Corporation, Xylem Corporation, Flowserve Corporation, Fluid Handling International, Wilo, Kirloskar Brothers Limited |
| Segments Covered |
Pump Type, Discharge Direction, Industry, Flow Rate, Regional |
| Key Market Opportunities |
1 Increasing demand in water and wastewater applications 2 Growing adoption in the food and beverage industry 3 Expansion in power generation and chemical industries 4 Rising infrastructure development in developing countries 5 Advancements in technology and efficiency improvements |
| Key Market Dynamics |
Increasing demand for energy efficiency Growing adoption of volute pumps in industrial applications Technological advancements leading to higher efficiency and performance Expansion of renewable energy sector driving demand for volute pumps Rising infrastructure development fueling market growth |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
As of 2023, the Volute Pump Market is valued at approximately USD 18.74 billion.
The Volute Pump Market is projected to reach USD 26.41 billion by 2032, exhibiting a CAGR of 3.89% during the forecast period from 2023 to 2032.
The Asia-Pacific region is expected to dominate the Volute Pump Market throughout the forecast period, owing to the growing demand for volute pumps in various industries, including water and wastewater treatment, power generation, and oil and gas.
The growth of the Volute Pump Market is primarily driven by increasing urbanization, rising demand for water and wastewater treatment, and the expansion of the oil and gas industry.
Major competitors in the Volute Pump Market include Grundfos, Wilo, KSB, Ebara, and Sulzer.
Volute pumps are widely used for various applications, including water supply, wastewater treatment, irrigation, power generation, oil and gas production, and chemical processing.
Key trends shaping the future of the Volute Pump Market include the adoption of energy-efficient technologies, the growing demand for smart pumps, and the increasing use of volute pumps in renewable energy applications.
Government regulations related to energy efficiency and environmental protection have a significant impact on the Volute Pump Market, driving the adoption of more efficient and sustainable pump technologies.
The Volute Pump Market faces challenges such as intense competition, fluctuating raw material prices, and technological advancements that can lead to product obsolescence.
The outlook for the Volute Pump Market is positive, with increasing demand for volute pumps across various industries expected to drive market growth in the coming years.
