North America Industrial Pumps Market Size & Outlook
North America industrial pumps market, 2018-2030 (US$M)
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North America industrial pumps market highlights
- The North America industrial pumps market generated a revenue of USD 7,681.4 million in 2023.
- The market is expected to grow at a CAGR of 3.2% from 2024 to 2030.
- In terms of segment, centrifugal pump was the largest revenue generating product in 2023.
- Positive Displacement Pump is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 7,681.4 million |
| Market revenue in 2030 | USD 9,592.6 million |
| Growth rate | 3.2% (CAGR from 2023 to 2030) |
| Largest segment | Centrifugal pump |
| Fastest growing segment | Positive Displacement Pump |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Centrifugal Pump, Positive Displacement Pump |
| Key market players worldwide | Flowserve Corp, Sulzer AG, Pentair PLC, ITT Inc, Schlumberger Ltd, Ebara Corp, Weir Group PLC, Ingersoll Rand Inc, Grundfos |
Other key industry trends
- In terms of revenue, North America region accounted for 17.5% of the global industrial pumps market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 28,660.1 million by 2030.
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Industrial Pumps Market Scope
Industrial Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America industrial pumps market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to industrial pumps market will help companies and investors design strategic landscapes.
Centrifugal pump was the largest segment with a revenue share of 67.57% in 2023. Horizon Databook has segmented the North America industrial pumps market based on centrifugal pump, positive displacement pump covering the revenue growth of each sub-segment from 2018 to 2030.
North America accounted for the third-largest revenue share of the global industrial pumps market in 2020. The demand for industrial pumps in the region is likely to be driven on account of increased adoption of the product in key application sectors including chemical, petrochemical, oil & gas, and power generation over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America industrial pumps market , including forecasts for subscribers. This continent databook contains high-level insights into North America industrial pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America industrial pumps market size, by country, 2018-2030 (US$M)
North America Industrial Pumps Market Outlook Share, 2023 & 2030 (US$M)
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