Pump Market Size, Statistics, Trend Analysis and Forecast Report, 2021 - 2028

Pump Market is segmented by Type (Vapor Chamber, Variable Conductance, Diode, Thermosyphon and Others), End User (Automotive, Aerospace & Defense, Food and beverage, Energy & power), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)

  • Report ID : MD2621
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  • Pages : 180
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  • Tables : 60
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  • Formats :

Pump Market Size shall reach a value of $xx Million in 2028, growing with a CAGR of 9.1% during the forecast period of 2021 to 2028.

Pump Market Growth and Trends

The global pump market held a market value of US$ 95.05 billion in 2019 and is estimated to grow at a CAGR of 3.6% from 2020 to 2027. The increasing industrialization is the major driving factor behind the growth of the pump market.

The rising globalization has resulted in emerging economies with vastly developing industries. The wide range of applications elicited by the pumps has increased the pump’s demand in various industry verticals. The increasing investments put into the construction and infrastructure sector has propelled the demand for pump market. The pumps adoption in infrastructure industry is expected to grow at a CAGR of 3.6% by 2027. The rising construction of power generators, water, and sewage treatment plants require a high number of pumps, thus increasing the sales and demand for pumps. The progressing demands for freshwater globally have gained a momentum in the wastewater treatment industry.

The increasing population level in the World has raised the demand for crops and fodder. The agricultural sector is significantly contributing to the growth of the pumps market with 26% of the global revenue share. The increasing need for modern farming and irrigation systems has positively impacted the growth curve of the pumps market. The rising growth in both the onshore and offshore exploration quests undertaken in the oil and gas industry is forecasted to augment the market growth. The rise in the number of overseas logistics, production centers, and domestic travel transports has increased the demand for crude oil globally. This has boosted the demand and sales for extreme pressure handling pumps in the market.

The chemical industry is another significant contributor to the pump market. The escalating innovations within the pump market such as acid corrosion resistant pumps have increased the demand for pumps in the chemical industry. The increasing need for safety in industries for preventing lethal breaches and outbreaks has increased the demand for leak detection pressure based switches and back-up diaphragms embedded pumps.

The centrifugal pump segment accounts for about 51% of the revenue share in 2019 and is expected to hold the largest market share by 2027. The axial flow pumps are forecasted to significantly contribute to the centrifugal pump segment owing to the raised demand for energy fuel. The positive displacement pump segment is expected to grow at a CAGR of 3.8% by 2027. The rotary pumps are projected to hold a major share of the positive displacement pumps segment.

Pump Industry Regional Analysis

Pump Market Research Report Scope/Definition
Pump Market Share and Competition Key companies operating in this industry are: Sungrow ; Morningstar Corp. ; Schneider Electric ; Beijing Epsolar Technology Co., Ltd ; Wenzhou Xihe Electric Co., ltd ; Sunforge LLC ; Luminous India ; KATEK Memmingen GmbH ; Airkom and Victron Energy

Pump Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2021 – 2028)
• Data breakdown for every market segment (2021 – 2028)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy

Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2021 - 2028)
Centrifugal Pump
• Axial Flow
• Radial Flow
• Mixed Flow
Positive Displacement Pump
• Reciprocating
• Rotary
• Others

Application Analysis (Revenue, USD Million, 2021 - 2028)
• Oil & Gas
• Chemicals
• Construction
• Power
• Water & Wastewater
• Other

Region Analasis (Revenue, USD Million, 2021 - 2028)
• United States
• Canada
• Mexico
• France
• Germany
• Italy
• Spain
• United Kingdom
• Russia
• China
• India
• Philippines
• Malaysia
• Australia
• Austria
• South Korea
• Middle East
• Japan
• Africa
• Rest of World

Pump Industry Companies
• A.R. North America, Inc.;
• SPX Flow Inc.;
• Vaughan Company Inc.;
• Colfax Corporation;
• ITT Corporation;
• Flowserve Corporation;
• Iwaki America Inc.

Available Versions of Pump Market: -
United States Industry Research Report
Europe Industry Research Report
Asia Pacific Industry Research Report
India Industry Research Report


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