Market Overview
It is anticipated that the global pumps market will witness a CAGR of 4.5% (in sales value terms) during the forecast period, leading to a projected value of USD 52,633 million by the year 2028. Factors shaping the global pumps market include the shift from Industry 4.0 to 5.0, digital transformation in smart factories, embracing digital solutions and service-based models, leveraging AI for enhanced performance and customer service, adoption of smart technology trends, revenue opportunities through IIoT, and data utilization for improved pump performance and customer satisfaction in the digital era.
According to Tanalyze, the healthcare industry’s market for centrifugal pumps is projected to reach USD 2,440 million by 2028, exhibiting a higher compound annual growth rate (CAGR) of 5.8% from 2023 to 2028 compared to other segments. Furthermore, the centrifugal pumps segment emerged as the dominant category within the pumps market during the study conducted in 2023.
The pumps industry in Europe can be divided into two primary segments based on the type of fields they cater to: Positive Displacement Pumps and Centrifugal Pumps. Among these segments, Tanalyze predicts that Centrifugal Pumps will experience the highest growth rate. The revenue generated by the Europe Centrifugal Pumps market amounted to USD 8,131 million in 2022 and is estimated to grow to USD 10,829 million by 2028, with a CAGR of 4.1%. However, it is important to note that the Asia-Pacific region emerged as the dominant player in the pumps market during the study conducted in 2023.
The top 5 players in the global pumps market held a combined market share of over 20% in 2022. These leaders included Flowserve Corp., Sulzer AG, KSB SE & Co. KGaA, Xylem, Inc., and Grundfos AS. Other prominent companies operating in this market include ITT, Inc., IDEX Corporation, Dover Corporation, Ebara Corporation, SPX Flow, Inc., Ingersoll Rand Inc., among others.
Table of Contents
TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 5
Part 1. Key Findings 9
Part 2. Scope and Methodology 10
Report Scope 11
Product Type 11
Application 11
Region 11
Research Methodology 13
Part 3. Pumps Market Overview 15
Summary 15
Part 4. Market Dynamics 18
Key Factors Shaping the Global Pumps Market 18
Growth Drivers 30
Future Trends 31
Opportunities 34
Part 5. Global Pumps Market by Product Type 43
Part 6. Global Pumps Market by Application 45
Part 7. Global Pumps Market by Region 51
Part 8. North America Pumps Market 54
Market Overview 56
Market by Pumps Type 57
Market by Country 59
Part 9. Europe Pumps Market 60
Market Overview 62
Market by Pumps Type 63
Market by Country 65
Part 10. Asia Pacific Pumps Market 66
Market Overview 68
Market by Pumps Type 69
Market by Country 71
Part 11. Latin America Pumps Market 72
Market Overview 74
Market by Pumps Type 75
Market by Country 77
Part 12. Middle East and Africa (MEA) Pumps Market 78
Market Overview 80
Market by Pumps Type 81
Market by Country 83
Part 13. Positive Displacement Pumps Market 84
Market Overview 84
Market by Type 85
Market by Application 87
Market by Region 89
Part 14. Centrifugal Pumps Market by Type 91
Market Overview 91
Market by Type 92
Market by Application 94
Market by Region 96
Part 15. Competitive Analysis 98
Competition Overview 98
Recent Developments 99
Flowserve Corporation 102
Business Overview 102
Contact Information 105
Sulzer AG 106
Business Overview 106
Contact Information 109
KSB SE & Co. KGaA 110
Business Overview 110
Contact Information 113
Xylem, Inc. 114
Business Overview 114
Contact Information 118
Grundfos AS 119
Business Overview 119
Contact Information 121
ITT, Inc. 122
Business Overview 122
Contact Information 125
IDEX Corporation 126
Business Overview 126
Contact Information 129
Dover Corporation 130
Business Overview 130
Contact Information 133
Ebara Corporation 134
Business Overview 134
Contact Information 137
SPX Flow, Inc. 138
Business Overview 138
Contact Information 138
Ingersoll Rand Inc. 139
Business Overview 139
Contact Information 142
Part 16. Prospects 143
Disclaimer 157
FIGURES AND TABLES
Global Pumps Market, Net Growth, 2020-2028 (USD Million)
Global Pumps Market by Product Type, 2020-2028 (USD Million)
Global Pumps Market by Product Type, CAGR Historic and Forecast, 2020-2028
Global Pumps Market by Application, 2020-2028 (USD Million)
Global Pumps Market by Application, CAGR Historic and Forecast, 2020-2028
Global Pumps Market Share by Region, 2022
Global Pumps Market by Region, 2020-2028 (USD Million)
Global Pumps Market by Region, CAGR Historic and Forecast, 2020-2028
North America Pumps Market, Net Growth, 2020-2028 (USD Million)
North America Pumps Market by Type, 2020-2028 (USD Million)
North America Pumps Market by Type, CAGR Historic and Forecast, 2020-2028
North America Pumps Market Share by Country, 2022
Europe Pumps Market, Net Growth, 2020-2028 (USD Million)
Europe Pumps Market by Type, 2020-2028 (USD Million)
Europe Pumps Market by Type, CAGR Historic and Forecast, 2020-2028
Europe Pumps Market Share by Country, 2022
Asia Pacific Pumps Market, Net Growth, 2020-2028 (USD Million)
Asia Pacific Pumps Market by Type, 2020-2028 (USD Million)
Asia Pacific Pumps Market by Type, CAGR Historic and Forecast, 2020-2028
Asia-Pacific Pumps Market Share by Country, 2022
Latin America Pumps Market, Net Growth, 2020-2028 (USD Million)
Latin America Pumps Market by Type, 2020-2028 (USD Million)
Latin America Pumps Market by Type, CAGR Historic and Forecast, 2020-2028
Latin America Pumps Market Share by Country, 2022
Middle East and Africa (MEA) Pumps Market, Net Growth, 2020-2028 (USD Million)
Middle East and Africa (MEA) Pumps Market by Type, 2020-2028 (USD Million)
Middle East and Africa (MEA) Pumps Market by Type, CAGR Historic and Forecast, 2020-2028
Middle East and Africa Pumps Market Share by Country, 2022
Global Positive Displacement Pumps Market, Net Growth, 2020-2028 (USD Million)
Global Positive Displacement Pumps Market by Type, 2020-2028 (USD Million)
Global Positive Displacement Pumps Market by Type, CAGR Historic and Forecast, 2020-2028
Global Positive Displacement Pumps Market by Application, 2020-2028 (USD Million)
Global Positive Displacement Pumps Market by Application, CAGR Historic and Forecast, 2020-2028
Global Positive Displacement Pumps Market by Region, 2020-2028 (USD Million)
Global Positive Displacement Pumps Market by Region, CAGR Historic and Forecast, 2020-2028
Global Centrifugal Pumps Market, Net Growth, 2020-2028 (USD Million)
Global Centrifugal Pumps Market by Type, 2020-2028 (USD Million)
Global Centrifugal Pumps Market by Type, CAGR Historic and Forecast, 2020-2028
Global Centrifugal Pumps Market by Application, 2020-2028 (USD Million)
Global Centrifugal Pumps Market by Application, CAGR Historic and Forecast, 2020-2028
Global Centrifugal Pumps Market by Region, 2020-2028 (USD Million)
Global Centrifugal Pumps Market by Region, CAGR Historic and Forecast, 2020-2028
Global Pumps Market Share, by Top Company, 2022
Flowserve Corporation Financial Overview (USD Million)
Flowserve Corporation Revenue, by Type, 2022
Flowserve Corporation Revenue, by Segment, 2022
Flowserve Corporation Revenue, by Region, 2022
Sulzer AG Financial Overview (CHF Million)
Sulzer AG Revenue, by Segment, 2022
Sulzer AG Revenue, by Region, 2022
Sulzer AG Revenue, by Country, 2022
KSB SE & Co. KGaA Pumps Segment Revenue (EUR Million)
KSB SE & Co. KGaA Financial Overview (EUR Million)
KSB SE & Co. KGaA Revenue, by Segment, 2022
KSB SE & Co. KGaA Revenue, by Type, 2022
Xylem, Inc. Pumps, Accessories, Parts and Service Revenue (USD Million)
Xylem, Inc. Financial Overview (USD Million)
Xylem, Inc. Revenue, by Segment, 2022
Xylem, Inc. Revenue, by Type, 2022
Xylem, Inc. Revenue, by Region, 2022
Grundfos AS Financial Overview (DKK Million)
Grundfos AS Revenue, by Divisions, 2022
Grundfos AS Revenue, by Region, 2022
ITT, Inc. Chemical and Industrial Pumps Revenue (USD Million)
ITT, Inc. Financial Overview (USD Million)
ITT, Inc. Revenue, by Segment, 2022
ITT, Inc. Revenue, by Industry, 2022
ITT, Inc. Revenue, by Region, 2022
IDEX Corporation Pumps Revenue (USD Million)
IDEX Corporation Financial Overview (USD Million)
IDEX Corporation Revenue, by Segment, 2022
IDEX Corporation Revenue, by Region, 2022
Dover Corporation Pumps & Process Solutions Revenue (USD Million)
Dover Corporation Financial Overview (USD Million)
Dover Corporation Revenue, by Segment, 2022
Dover Corporation Revenue, by Region, 2022
Ebara Corporation Pumps Revenue (JPY Billion)
Ebara Corporation Financial Overview (JPY Million)
Ebara Corporation Revenue, by Service and Support (S&S) Revenue Ratio, 2022
Ebara Corporation Revenue, by Segment, 2022
Ebara Corporation Revenue, by Region, 2022
Ingersoll Rand Inc. Financial Overview (USD Million)
Ingersoll Rand Inc. Revenue, by Segment, 2022
Ingersoll Rand Inc. Revenue, by Product Categories, 2022
Ingersoll Rand Inc. Revenue, by Region, 2022
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