Water Pump Market Insights & Analysis
The Global Water Pump Market is anticipated to register a CAGR of around 4.2% during the forecast period, i.e., 2024-32. Also, the market size was valued at nearly USD 44.9 billion in 2023. Throughout the forecast period, the market is predicted to rise steadily. It is also predicted that rising investments in the construction industry in regions like the Middle East & Africa along with favorable policies, such as China’s 13th Five-year plan, which aims at proper wastewater treatment, and India’s Ganga rejuvenation policy would drive global water demand. Pumps are employed to move fluid at a faster rate of discharge or to raise the fluid’s pressure. They are used in chemical manufacture and during oil & gas exploration to precisely dose reactants & reagents during the synthesis of compounds as well as to raise fluid pressure. Water pump sales are anticipated to upscale in the succeeding years due to the growing industrialization.
Moreover, the expansion of the Water Pump Market is projected to be significantly influenced by the anticipated large surge of the agricultural industry globally during the forthcoming years. Also, the relevance of wastewater management is growing as a result of the drastic alterations in global climate & the frequent occurrence of droughts. Furthermore, in residential, commercial, and industrial areas, wastewater treatment is essential, therefore the expansion of the wastewater treatment across numerous end-use sectors is affecting the demand graph of the Water Pumps Market.
Global Water Pump Market FY32

- Study Period: 2024- 2032
- Base Year: 2024
- CAGR(2024-2032): 4.2%
- Market Value 2023: USD 44.9 Billion
- Fastest Growing Market: Asia-Pacific
- Major Players: Gardner Denver, Torishima Pump Mfg. Co., General Electric Company, Weatherford International Inc, ITT Inc., KSB Group, Kirloskar Brothers Limited, Sulzer Ltd., and Others
Moreover, the large amount of new funding is being attracted by the development of the urban population worldwide and the increase in manufacturing output, Water pumps are predicted to become more in demand throughout the projection period as a result of these upgrades, which should be made to both new & existing facilities. With the exception of certain nations where government programs aim to promote the usage of water pumps in irrigation, municipal buildings, and wastewater treatment plants, the adoption of modern water pumps that are IOT-based is observed to be in great demand, thus creating profitable grounds for the expansion of the Global Water Pump Market in the future years.
Water Pump Market Dynamics
- Increasing Requirement for Water Pumps with Large Capacity to Drive the Market Growth
The Water Pump Market is expanding due to the rising need for large-capacity pumps, especially in industries, including industrial operations, agriculture, and water supply. Large-capacity pumps are necessary to move substantial amounts of water over long distances, generally in regions experiencing water scarcity or fast development, as the demand for effective water management systems grows globally. Large pumps are essential for irrigation in agriculture and for cooling, wastewater treatment, and dewatering activities in sectors such as building and power generation.
Moreover, expanding infrastructure projects & improvements in pump technology, which enhance efficiency and lower energy usage & make them more appealing to end customers, further stimulating the need for large capacity pumps. This, in turn, is aiding in driving the Water Pump Market share.
- Intricate Integration of Advanced Motor Pumps & their High Initial Cost Hinder Market Growth
IoT or Smart water pump integration into current infrastructure & control systems is crucial as it calls for the usage of the right personnel and digital technologies. Additionally, there can be compatibility problems when IoT pumps are integrated with pre-existing networks, software programs, or data management systems. This enhances user complexity and expenses, which deters consumers from adopting the technology and limits the market for Internet of Things water pumps in small-scale economies.
Additionally, the combination of expensive sensors, communication modules, and sophisticated control systems makes them typically more expensive initially than conventional water pumps. Also, the elevated cost of the water pumps makes consumers uneasy, especially in price-sensitive areas such as Africa, India, etc., hence limiting the Water Pump Industry growth.
- Growing Trends in Technological Developments to Fuel the Industry
Advancements in pump technology have resulted in enhanced basic process operations, heightened pump reliability, and a sustained reduction in routine operating procedures. Several companies that use technologically advanced pumps are chemical, agriculture, and various others. Further, the launch of new products is another area that manufacturers are focusing on to satisfy the shifting industry expectations. Thus, to meet greater energy efficiency standards, manufacturers would have to replace their pumps.
Moreover, in the upcoming years, the market for water pumps is predicted to be supported by increasing investments in the oil & gas sector. Technological progress in pump manufacturing & the introduction of new products with an emphasis on enhanced performance are projected to assist the industry's growth. Furthermore, these developments have improved the dependability & performance of pumps while consuming less energy. As these state-of-the-art pumps are used in varied end-use industries, like power, chemicals, agriculture, and others, demand for them is predicted to rise over the forecast period.

Water Pump Market Segment-wise Analysis
By Water Pump Type:
- Centrifugal Pumps
- Positive Displacement Pumps
The Global Water Pump Market has been dominated by the Centrifugal Pumps, as the segment captures the potential market share. This is supported by the wide range of sizes & forms of centrifugal pumps that are available, as well as the fact that they are widely used in both large & small industrial applications, including axial flow pumps and mixed flow pumps. Also, the majority of pumps are utilized in chemical, sewage applications, and petroleum. Hence, this is probably going to make centrifugal pumps even more popular.
Furthermore, centrifugal pumps have no issues with leaks, and they can pump out hazardous liquids without losing any of their performance. Additionally, there is very little possibility of wear & tear on centrifugal pumps due to their straightforward design. Hence, these elements are probably going to drive the centrifugal pumps segment’s market share in the water pump industry.
By End User:
- Oil & Gas
- Power Generation
- Residential
- Agriculture & Irrigation
- Commercial Building
- HVAC
- Chemicals
- Water & Wastewater
- Food & Beverage
- Others
With a high revenue share in 2023, the Agriculture segment led the Global Water Pump Market. The pump’s ability to provide a consistent & adequate flow of water is one of the key aspects propelling the market’s expansion. Building a diverse agricultural supply chain & enhancing the competitiveness & modernity of agriculture in rural areas are other priorities for growing nations such as China & India.
Moreover, building an adequate irrigation system is a major investment for the governments of China & India in their efforts to modernize agriculture. Further, when it comes to sustaining the water supply, centrifugal pumps are typically picked in the agricultural industry.
Regional Projection of Water Pump Industry
The Global Water Pump Market is geographically diversified, covering:
- North America
- Europe
- South America
- The Middle East & Africa
- Asia-Pacific
With the vast agricultural areas & growing end-user industries (food & beverage, water & wastewater, etc.) that are driving up demand for water pumps, the Asia-Pacific region is leading the Global Water Pump Market. To further lessen their reliance on imported fossil fuels as their main energy source, this region’s demand for clean energy has been steadily increasing as a means of decarbonizing several industrial sectors, like oil & gas, power, etc. Thus, owing to these factors the Asia-Pacific Water Pump Market is making substantial investments for renewable energy projects throughout the region.
What Does Our Water Pump Market Research Study Entail?
- Global Water Pump Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
- The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
- Global Water Pump Market Research Report entails details about the most critical shifts in market share in the prominent regions.
- Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.
Table of Contents
- Introduction
- Objective of the study
- Product Definition
- Market Segmentation
- Study Variables
- Research Methodology
- Secondary Data Points
- Companies Interviewed
- Primary Data Points
- Break Down of Primary Interviews
- Secondary Data Points
- Executive Summary
- Market Dynamics
- Drivers
- Challenges
- Opportunity Assessment
- Recent Trends and Developments
- Policy and Regulatory Landscape
- Import and Export Statistics
- Global Water Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Size, By Volume (Billion Units)
- Market Share, By Type of Pumps
- Centrifugal
- End Suction
- Split Case
- Vertical
- Turbine
- Axial Pump
- Mixed Flow Pump
- Submersible Pumps
- Positive Displacement Pumps
- Progressing Cavity
- Diaphragm
- Gear Pumps
- Others
- Centrifugal
- Market Share, By End User Industry
- Oil & Gas
- Power Generation
- Residential
- Agriculture & Irrigation
- Commercial Building
- HVAC
- Chemicals
- Water & Wastewater
- Food & Beverage
- Others
- Market Share, By Region
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Europe
- Germany
- Italy
- UK
- France
- Spain
- Asia-Pacific
- India
- China
- Japan
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- North America
- North America Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Market Share, By Country
- US Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Canada Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Mexico Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- South America Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Market Share, By Country
- Brazil Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Argentina Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Europe Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Market Share, By Country
- Germany Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Italy Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- UK Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- France Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Spain Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Middle East and Africa Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Market Share, By Country
- UAE Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Market Share, By Application
- Saudi Arabia Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- South Africa Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Asia-Pacific Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Market Share, By Country
- India Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- China Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Japan Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Competitive Outlook (Company Profiles – Partial List)
- Flowserve Corporation
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Gardner Denver
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Sulzer Limited
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Kirlosker Brothers Ltd.
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- General Electric Company
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Halliburton Company
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- KSB Group
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- CRI Pumps Pvt. Ltd.
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Ebara Corporation
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Others
- Flowserve Corporation
- Contact Us & Disclaimer
Companies Mentioned
- Gardner Denver
- Torishima Pump Mfg. Co.
- General Electric Company
- Weir Group PLC
- Weatherford International Inc
- ITT Inc.
- PROCON Products
- KSB Group
- Kirloskar Brothers Limited
- Sulzer Ltd.
- Atlas Copco
- Baker Hughes Incorporated
- Busch LLC
- ClydeUnion Pumps
- Ebara Corporation
- Flowserve Corporation
- Halliburton Company
- ULVAC Technologies
- Jyoti Ltd
- Shakti Pumps India Ltd
- CNP Pumps India Pvt Ltd
- CRI Pumps Pvt Ltd
Frequently Asked Questions