Water and wastewater treatment represents about one quarter of global pump demand in 2024, supported by rapid urban expansion and renewed government spending on water infrastructure.
Oil and gas applications account for more than one fifth of the market, driven by high-performance requirements for crude transfer, well injection, and refinery operations. Other major industrial uses include chemical processing, power generation, mining, and food and beverage production, each requiring specialized designs for corrosive fluids, high pressures, or hygienic environments.
According to Kings Research, the global pumps market was valued at USD 61.62 billion in 2023 and is projected to grow from USD 63.92 billion in 2024 to USD 85.81 billion by 2031, exhibiting a CAGR of 4.30% during the forecast period.
This measured expansion reflects infrastructure replacement cycles, capital-intensive industrial projects, and regulatory mandates for energy-efficient fluid handling rather than consumer-driven growth.
Market development centers on digital transformation, IoT-enabled monitoring systems, predictive maintenance platforms, and variable frequency drives that reduce energy consumption by 20-30% while ensuring regulatory compliance for water quality and emissions standards.
Supply chain dynamics affect market structure. US-China trade tensions have increased costs for steel, cast iron, and alloys by up to 8%, prompting manufacturers like Flowserve and Xylem to diversify sourcing across Southeast Asia and Eastern Europe, resulting in component delivery delays of 12-16 weeks. Capital intensity remains a barrier in developing markets where upfront costs deter infrastructure upgrades despite long-term operational savings from modern equipment.
Top 10 Companies in the Pumps Market
1. Ingersoll Rand
Ingersoll Rand manufactures industrial pumps for fluid transfer, process control, and high-pressure applications across oil and gas, chemical processing, and manufacturing sectors. The company's portfolio includes centrifugal pumps, positive displacement systems, and specialty pumps for demanding environments.
Ingersoll Rand emphasizes energy-efficient designs and integrated control systems for industrial automation. The company operates globally with manufacturing facilities in North America, Europe, and Asia-Pacific, serving OEM and aftermarket customers through direct sales and distribution networks.
In October 2024, Ingersoll Rand expanded its portfolio by acquiring APSCO, Blutek, and UT Pumps, strengthening its presence in compressed air and fluid management.
2. Xylem
Xylem provides water technology solutions including pumps, treatment systems, and analytics platforms for municipal water utilities, industrial facilities, and commercial buildings. The company's pump portfolio spans submersible, centrifugal, and specialty designs for water transport, wastewater treatment, and industrial processes.
Xylem integrates IoT-enabled monitoring and predictive maintenance capabilities across its product lines. The company serves customers in over 150 countries through regional manufacturing, engineering centers, and service operations. Xylem is headquartered in the United States with significant operations in Europe and Asia-Pacific.
In May 2025, Xylem rolled out its digital water-management platform Xylem Vue at Manchester City Football Club’s training campus to capture and reuse rainwater for pitch irrigation. The system uses sensors and smart meters to track water flow in real time, helping reduce reliance on public water supplies.
3. Sulzer Ltd
Sulzer Ltd manufactures pumps, agitators, compressors, and separation equipment for oil and gas, power generation, water treatment, and chemical processing industries. The company's pump division offers centrifugal, positive displacement, and submersible designs engineered for high-temperature, high-pressure, and corrosive environments.
Sulzer provides engineering services, aftermarket support, and digital monitoring solutions. The company operates manufacturing facilities across Europe, Americas, and Asia, with global service networks supporting installed base maintenance and retrofits. Sulzer is headquartered in Switzerland with operations in over 180 locations worldwide.
In March 2024, Sulzer opened an advanced test and assembly facility in Mexico City with a 10-meter-deep hydraulics test bed for large pumps and computerized monitoring systems.
4. KSB SE & Co. KGaA
KSB SE & Co. KGaA produces pumps, valves, and related systems for water management, energy, mining, and general industry applications. The company's product range includes centrifugal pumps, reciprocating pumps, and control valves for municipal infrastructure, power plants, and industrial facilities.
KSB emphasizes hydraulic efficiency, materials engineering for wear resistance, and digital services for performance optimization. The company maintains manufacturing sites in Germany, India, and other regions, with a global service organization supporting installation, commissioning, and maintenance operations.
5. EBARA CORPORATION
EBARA CORPORATION manufactures industrial machinery including pumps, turbines, and environmental equipment. The company's pump business serves water supply, sewage treatment, industrial processes, and building services markets.
EBARA produces centrifugal pumps, submersible pumps, and vacuum pumps with applications in semiconductor manufacturing, power generation, and petrochemical facilities. The company is based in Japan with manufacturing operations in Asia, Americas, and Europe. EBARA provides engineering consultation, custom pump design, and comprehensive aftermarket services through regional subsidiaries and distributors.
In April 2025, EBARA Corporation launched a new direct-water supply booster pump under the PURE FRESSURE brand name with model types PNAHM/PNEHM. They are designed for compact installation in buildings, condominiums and reduces weight by up to 30 %. These pumps incorporate a high-efficiency motor with remote monitoring and smart-operation features for enhanced user convenience.
6. Flowserve Corporation
Flowserve Corporation supplies pumps, valves, seals, and automation equipment for process industries including oil and gas, chemical processing, power generation, and water management. The company's pump portfolio encompasses centrifugal, reciprocating, and specialty designs for critical service applications requiring high reliability and performance.
Flowserve integrates digital monitoring platforms and predictive maintenance capabilities to reduce downtime and optimize asset performance. The company operates manufacturing facilities across North America, Europe, Asia, and Middle East, supported by global service centers providing installation, repair, and spare parts.
In March 2025, Flowserve Corporation launched the Innomag TB-MAG Dual Drive Pump, a sealless pump designed to eliminate leaks, featuring a non-metallic liner for enhanced corrosion resistance when handling chemicals (source: ir.flowserve.com).
7. The Weir Group PLC
The Weir Group PLC manufactures equipment for mining, oil and gas, and power generation sectors. The company's pump division produces slurry pumps, centrifugal pumps, and specialty pumps for abrasive and corrosive applications in mineral processing, tailings management, and oil sands extraction.
Weir focuses on wear-resistant materials, hydraulic design optimization, and lifecycle services. The company is headquartered in Scotland with manufacturing operations and service centers across major mining regions including Americas, Africa, and Asia-Pacific.
In September 2025, Weir Group launched the WARMAN SHW‑XTR heavy‑duty submersible slurry pump, a redesigned submersible pump aimed at handling harsh slurry environments. The SHW-XTR features a larger shaft, heavy-duty bearings, raised strainer, protective legs, a double mechanical seal with pressure-balanced oil chamber and a glycol-based cooling system to improve reliability, simplify maintenance and reduce environmental impact.
8. Grundfos Holding A/S
Grundfos Holding A/S develops and manufactures pumps and pump systems for building services, water utilities, industrial processes, and groundwater applications. The company's product range includes circulator pumps, submersible pumps, centrifugal pumps, and dosing pumps with integrated variable speed drives and digital controls.
Grundfos emphasizes energy efficiency, smart connectivity, and remote monitoring capabilities through its IoT platform. The company operates production facilities in Denmark, China, Hungary, and other locations, serving customers globally through subsidiaries and distribution partnerships.
Grundfos is actively expanding its smart pump portfolio with new digitally connected pump systems designed for industrial water applications and invested in enhancing its IoT platform to improve remote monitoring capabilities.
In May 2025, Grundfos announced an expansion of its production footprint in the U.S. by building a new state-of-the-art facility in Brookshire, Texas. The investment is expected to increase manufacturing capacity, improve delivery lead times, and enhance its presence in the U.S.
9. Baker Hughes Company
Baker Hughes Company provides oilfield services, equipment, and digital solutions for upstream, midstream, and downstream energy operations. The company's pump portfolio includes electric submersible pumps, multiphase pumps, and high-pressure pumps for artificial lift, pipeline transfer, and LNG applications.
Baker Hughes integrates condition monitoring, predictive analytics, and remote operations capabilities. The company operates globally with manufacturing sites, engineering centers, and service facilities supporting oil and gas customers across conventional and unconventional resource development.
In January 2025, Baker Hughes launched SureCONNECT FE, a next-generation downhole fiber-optic “wet-mate” system that enables real-time monitoring and control of well completions in high-pressure, high-temperature reservoirs.
The system connects the lower and upper well completion without intervention, allowing fiber-optic sensing and electric/hydraulic control across the full wellbore, reducing rig time, maintenance costs, and operational risk.
1o. Pentair
Pentair manufactures water treatment systems, filtration equipment, and flow control products for residential, commercial, and industrial applications. The company's pump business produces pool pumps, water supply pumps, and industrial process pumps.
Pentair emphasizes energy-efficient motor technology, corrosion-resistant materials, and smart controls. The company serves building services, aquatic systems, and industrial customers through manufacturing facilities in North America, Europe, and Asia-Pacific, with distribution networks providing product availability and technical support.
Conclusion
The global pumps market continues expansion through infrastructure modernization, industrial capacity additions, and regulatory requirements for energy efficiency and environmental compliance. Leading manufacturers including Grundfos, Xylem, and Flowserve prioritize digital solutions, energy-efficient products, and smart water management technologies integrating IoT-enabled systems and advanced analytics.
Water scarcity, aging infrastructure in developed markets, and industrialization in emerging economies sustain long-term demand for pump equipment and services. Technical development focuses on reducing energy consumption, extending maintenance intervals through condition monitoring, and improving reliability in critical applications.
As industries pursue operational efficiency and regulatory compliance, pump manufacturers continue adapting product portfolios to serve evolving customer requirements across municipal, industrial, and energy sectors.
