U.S. Industrial Pumps Market Size & Outlook, 2023-2030
U.S. industrial pumps market, 2018-2030 (US$M)
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U.S. industrial pumps market highlights
- The U.S. industrial pumps market generated a revenue of USD 5,021.5 million in 2023 and is expected to reach USD 6,247.1 million by 2030.
- The U.S. 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.
Industrial pumps market data book summary
| Market revenue in 2023 | USD 5,021.5 million |
| Market revenue in 2030 | USD 6,247.1 million |
| Growth rate | 3.2% (CAGR from 2023 to 2030) |
| Largest segment | Centrifugal pump |
| Fastest growing segment | Positive Displacement Pump |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, U.S. accounted for 11.4% of the global industrial pumps market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. industrial pumps market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 1,354.9 million by 2030.
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Industrial Pumps Market Scope
Industrial Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 67.68% in 2023. Horizon Databook has segmented the U.S. industrial pumps market based on centrifugal pump, positive displacement pump covering the revenue growth of each sub-segment from 2018 to 2030.
According to International Monetary Fund, the GDP of the U.S. dropped by 3.4% in 2020 due to COVID19 pandemic. This is attributed to the nationwide lockdown imposed owing to the spread of the coronavirus. However, IMF estimated that the GDP growth of the U.S. was 5.7% in 2021 on account of the increasing vaccination rate in the country.
The growth of the industrial pumps market in the country was significantly impacted in 2020 owing to COVID-19 pandemic, which can be reflected in the suspended operations and disrupted import-export activities.
The market is anticipated to establish low growth across the forecast period, where the demand shall mainly be attributable to end-use industries including power, water & wastewater treatment, and oil & gas.
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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. industrial pumps market , including forecasts for subscribers. This country databook contains high-level insights into U.S. industrial pumps market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. industrial pumps market size, by product, 2018-2030 (US$M)
U.S. Industrial Pumps Market Outlook Share, 2023 & 2030 (US$M)
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