Global Pumps Market Size & Outlook, 2023-2030
The pumps industry worldwide is expected to reach a projected revenue of US$ 77,076.6 million by 2030. A compound annual growth rate of 4.2% is expected of the worldwide pumps industry from 2024 to 2030.
Revenue, 2023 (US$M)
$57,662.4
Forecast, 2030 (US$M)
$77,076.6
CAGR, 2024 - 2030
4.2%
Report Coverage
Worldwide
Global pumps market, 2018-2030 (US$M)
Related Markets
Global pumps market highlights
- The global pumps market generated a revenue of USD 57,662.4 million in 2023 and is expected to reach USD 77,076.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 4.2% by 2030.
- In terms of segment, centrifugal accounted for a revenue of USD 38,601.9 million in 2023.
- 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 2023.
- Country-wise, Russia is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 57,662.4 million |
| Market revenue in 2030 | USD 77,076.6 million |
| Growth rate | 4.2% (CAGR from 2023 to 2030) |
| Largest segment | Centrifugal |
| Fastest growing segment | Positive Displacement |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Centrifugal, Positive Displacement |
Other key industry trends
- In terms of revenue, the North America accounted for 17.6% of the global pumps market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Russia is the fastest growing regional market and is projected to reach USD 859.8 million by 2030.
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Pumps Market Scope
Pumps market segmentation & scope
Others
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Pumps Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global pumps market size, by regions, 2018-2030 (US$M)
Top 10 countries: Pumps market size, 2023 (US$M)
Global pumps market share, by type, 2023 & 2030 (%, US$M)
Pumps market: Opportunity assessment by country
Global pumps market, by region, 2023 (US$M)
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