Global Pumps Market Size & Outlook, 2025-2033
The global pumps market size was estimated at USD 59,650.3 million in 2024 and is projected to reach USD 89,175.3 million by 2033, growing at a CAGR of 4.7% from 2025 to 2033.
Revenue, 2024 (US$M)
$59,650.3
Forecast, 2033 (US$M)
$89,175.3
CAGR, 2025 - 2033
4.7%
Report Coverage
Worldwide
Global pumps market, 2021-2033 (US$M)
Related Markets
Global pumps market highlights
- The global pumps market generated a revenue of USD 59,650.3 million in 2024 and is expected to reach USD 89,175.3 million by 2033.
- The market is expected to grow at a CAGR (2025 - 2033) of 4.7% by 2033.
- In terms of segment, centrifugal accounted for a revenue of USD 41,154.8 million in 2024.
- Positive Displacement is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2033.
Global data book summary
| Market revenue in 2024 | USD 59,650.3 million |
| Market revenue in 2033 | USD 89,175.3 million |
| Growth rate | 4.7% (CAGR from 2025 to 2033) |
| Largest segment | Centrifugal |
| Fastest growing segment | Positive Displacement |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Centrifugal, Positive Displacement |
Other key industry trends
- In terms of revenue, the North America accounted for 17.4% of the global pumps market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2033.
- By country, India is the fastest growing regional market and is projected to reach USD 7,737.1 million by 2033.
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Pumps Market Scope
Pumps market segmentation & scope
Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Iwaki America | View profile | 501-1000 | Holliston, Massachusetts, United States, North America | https://iwakiamerica.com/ |
| Vaughan Chopper Pumps | View profile | 101-250 | Montesano, Washington, United States, North America | http://www.chopperpumps.com |
| The Weir Group | View profile | 10001+ | Glasgow, Glasgow City, United Kingdom, Europe | https://www.global.weir/ |
| SLB | View profile | 11-50 | Brno, Jihomoravsky kraj, Czech Republic, Europe | https://www.slb.cz |
| SPX FLOW | View profile | 5001-10000 | Charlotte, North Carolina, United States, North America | https://www.spxflow.com/ |
| Grundfos | View profile | 10001+ | Bjerringbro, Midtjylland, Denmark, Europe | http://www.grundfos.com/ |
| Ingersoll Rand Inc | View profile | 18000 | 525 Harbour Place Drive, Suite 600, Davidson, NC, United States, 28036 | https://www.irco.com |
| KSB SE & Co KGaA | View profile | 16038 | Johann-Klein-Strasse 9, Frankenthal, RP, Germany, 67227 | https://www.ksb.com |
| Ebara Corp | View profile | 19629 | 11-1, Haneda Asahi-cho, Ohta-ku, Tokyo, Japan, 144-8510 | http://www.ebara.co.jp |
| ITT Inc | View profile | 10600 | 100 Washington Boulevard, 6th Floor, Stamford, CT, United States, 06902 | https://www.itt.com |
| Pentair PLC | View profile | 10500 | 70 London Road, Regal House, Twickenham, London, United Kingdom, TW13QS | https://www.pentair.com |
| Flowserve Corp | View profile | 16000 | 5215 North O’Connor Boulevard, Suite 700, Irving, TX, United States, 75039 | https://www.flowserve.com |
| Sulzer AG | View profile | 13300 | Neuwiesenstrasse 15, Winterthur, Switzerland, 8401 | https://www.sulzer.com |
| Xylem Inc | View profile | 23000 | 300 Water Street SE, Washington, DC, United States, 20003 | https://www.xylem.com |
Global pumps market size, by regions, 2021-2033 (US$M)
Top 10 countries: Pumps market size, 2023 (US$M)
Global pumps market share, by type, 2023 & 2030 (%, US$M)
Pumps market: Opportunity assessment by country
Global pumps market, by region, 2024 (US$M)
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