Pump Market
Pump Market Study by Centrifugal and Positive Displacement for Agriculture, Water & Wastewater, Building & Construction, Oil & Gas, Mining, Power Generation, and Chemicals from 2024 to 2034
Analysis of Pump Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Pump Market Outlook (2024 to 2034)
The global pump market is estimated at US$ 60.12 billion in 2024 and is projected to reach a size of US$ 91.77 billion by 2034-end, advancing at a CAGR of 4.3% between 2024 and 2034. Pumps serve dual functions, raising fluid pressure and/or accelerating fluid discharge, which is why they are widely used in several industries for various purposes.
Escalating global infrastructure projects and exploration of fresh water sources, driven by urbanization, have led to a swift acceptance of pumps. Moreover, a shift toward prioritizing the longevity of contemporary pumps over investing in new product research has impacted the sales of pumps and their parts.
Manufacturers continue to prioritize the production of centrifugal pumps for water and wastewater treatment, given the category's substantial recent sales growth. These pumps offer exceptionally high flow rates and cater to a broad spectrum of liquid pumping needs compared to positive displacement pumps. Additionally, centrifugal pumps are witnessing continuous innovation and increased investment.
With various entities emphasizing the threat of water scarcity, wastewater treatment has become a crucial aspect of sustainable development goals. Recognizing the escalating significance of water and wastewater treatment globally, pump market participants are channeling their efforts toward exploring the potential of their products in these critical applications. Moreover, heightened governmental investments in water and wastewater treatment activities are poised to benefit pump manufacturers significantly.
Key Market Growth Drivers
- The surging oil and gas sector has prompted the planning of several offshore deepwater projects globally, which is predicted to drive global pump market growth over the coming years.
- Emergence of technological advancements offering alternative options like solar pumps is projected to impede market growth during this period.
- Pump manufacturing has witnessed a fusion of 3D printing technology and computer modeling, leading to revolutionary progress in the design, repair, and replacement of pumps. Consequently, this has stimulated the market share of pumps.
| Report Attributes | Details |
|---|---|
| Pump Market Size (2024E) | US$ 60.12 Billion |
| Forecasted Market Value (2034F) | US$ 91.77 Billion |
| Global Market Growth Rate (2024 to 2034) | 4.3% CAGR |
| North America Market Share (2034F) | 31.5% |
| East Asia Market Growth Rate (2024 to 2034) | 2.5% CAGR |
| Market Share of Centrifugal Pumps (2024E) | 58.1% |
| Agriculture & Irrigation Segment Market Share (2024E) | 20.2% |
| Key Companies Profiled | Ingersoll Rand; The Weir Group PLC; Motion & Control Enterprises; Vaughan Company; KSB SE & Co. KGaA; Pentair; Grundfos Holding A/S |
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Why are Sales of Pumps Constantly Increasing across the World?
"Expansive Applications of Industrial Pumps and Regulatory Impact on Wastewater Treatment"
Pumps find extensive applications across multiple sectors like oil and gas, agriculture, metal & mining, water and wastewater treatment, textiles, chemicals, construction, and manufacturing. Within the oil & gas sector, industrial pumps play an essential role in every phase of oil & gas production, facilitating the movement of process fluids from one point to another.
Increasingly stringent regulations surrounding wastewater treatment are driving the need for industrial pumps. Governments worldwide are introducing new laws and directives concerning wastewater discharge. Effluent guidelines, governing the standards for wastewater released into surface waters and municipal sewage treatment plants, characterize these regulatory measures.
“Availability of Pumps of Varying Scales in Household and Industrial Settings”
Pumps utilize mechanical force to move fluids and liquids. They are classified based on their mechanisms, yet they all work by using energy to transfer fluids via mechanical action. These devices can operate manually or with external energy sources like engines, electric motors, or wind power.
Available in a diverse range of sizes, pumps span from small residential units to large-scale industrial versions. The predominant presence of centrifugal pumps within commercially available pumps serves as the primary classification factor.
Pumps facilitate fluid transfer. They vary in functioning mechanisms while sharing the fundamental principle of utilizing energy for fluid movement. They operate through manual force or external energy sources like engines, electric motors, or wind power. Available in a spectrum of sizes, from household to industrial scales, pumps are primarily classified by the prevalence of centrifugal pumps within them.
What Challenges are Manufacturers of Pumps Facing?
“Cost Implications and Environmental Concerns Creating Financial Burden for Manufacturers”
High initial costs associated with advanced, energy-efficient pumps can act as a barrier to adoption for some industries or regions. The investment required to upgrade existing systems might hinder widespread implementation.
As sustainability becomes a priority, pumps that are not energy-efficient or have a higher environmental impact might face challenges in market acceptance due to an increased focus on green technologies.
“Market Fragmentation Creating Confusion Besides Regulatory Compliance”
The pump market is fragmented with various manufacturers offering diverse products. This sometimes creates confusion among consumers regarding the best choice, slowing down decision-making processes.
Stringent regulations or compliance standards within certain industries can pose challenges for pump manufacturers to ensure their products meet these requirements, leading to additional costs or development time.
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Country-wise Insights
The global market was predominantly led by North America, with Canada and the United States accounting for the majority of the demand. Following closely is the Asia Pacific region, which is emerging as a rapidly growing market.
Why are Pump Suppliers Enjoying High Returns in the United States?
“Extensive Application of Pumps in Oil & Gas Extraction”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 12 Billion |
| Growth Rate (2024 to 2034) | 4.6% CAGR |
| Projected Value (2034F) | US$ 18.7 Billion |
North America is poised to maintain its dominance in the global pump market through 2034. The oil and gas sector is one of the major consumers of pumps across the region, as they are extensively used in the production and extraction of oil and gas. The country’s oil and gas industry heavily relies on pumps for extraction, transportation, and refining processes.
Fluctuations in global oil prices, environmental regulations, and technological advancements greatly impact the demand for pumps in this sector. This sector demands pumps for various applications such as dewatering, slurry handling, and material transfer. The growing number of infrastructure and mining projects boosts demand for pumps.
What is Driving Pump Sales in China?
“Rapid Development of Energy Generation Infrastructure”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 13.4 Billion |
| Growth Rate (2024 to 2034) | 2.8% CAGR |
| Projected Value (2034F) | US$ 17.7 Billion |
Asia Pacific stands as a significant contributor to global agricultural output as a primary agricultural hub driving regional GDP growth. Given the extensive use of industrial pumps across various agricultural applications, from irrigation to fluid transfer, the pump market is poised for growth in this region throughout the forecast period.
China's ongoing infrastructure projects, including construction, water supply systems, and wastewater treatment plants, create significant demand for pumps. The need for efficient water management and flood control systems further drives the pump market.
Pumps are critical in China's energy industry, particularly in power generation, oil and gas extraction, and refining. Demand for pumps in these sectors fluctuates with energy consumption trends, government policies, and global energy prices.
Category-wise Insights
Which Product Type is Forecasted to Gain a Prominent Market Share?
“Centrifugal Pumps Generating Significant Revenue Due to Widespread Use in Wastewater Treatment”
| Attribute | Centrifugal Pumps |
|---|---|
| Segment Value (2024E) | US$ 35 Billion |
| Growth Rate (2024 to 2034) | 4.3% CAGR |
| Projected Value (2034F) | US$ 52.3 Billion |
Centrifugal pumps find extensive use in sectors like wastewater treatment and chemicals. Within wastewater treatment, they play a pivotal role in sewage transfer, sludge handling, and effluent treatment. With a growing emphasis on environmental preservation and stricter regulations governing wastewater management, the demand for centrifugal pumps in this field is projected to surge.
- The Bank of America's 2020 report highlighted India's ambitious water infrastructure program, the Jal Jeevan Mission, aiming to invest US$ 270 billion over the next 15 years.
High-discharge power generation pumps are integral in plants, ensuring water flow for steam generation and cooling towers. As capital investments in these industries rise, the forecast suggests an increased demand for centrifugal pumps.
Which Application is a Key Market Growth Contributor?
“Pumps Most Widely Used for Agriculture & Irrigation Purposes”
| Attribute | Agriculture & Irrigation |
|---|---|
| Segment Value (2024E) | US$ 12 Billion |
| Growth Rate (2024 to 2034) | 4.4% CAGR |
| Projected Value (2034F) | US$ 18.5 Billion |
Agricultural prosperity centers on efficient water distribution. Pumps play a pivotal role by providing the necessary pressure to transport water from sources like wells, rivers, or reservoirs to fields for irrigation. Pump market trends are primarily propelled by pumps' ability to ensure a consistent and ample water supply. Additionally, these pumps, engineered for high discharge rates, are crucial in sustaining water distribution in arid regions.
To modernize agriculture, significant investments from the Chinese and Indian governments are directed towards establishing robust irrigation systems. With a heightened emphasis on agricultural development, demand for pumps in this sector is poised to exhibit significant growth in the coming years.
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Competitive landscape highlights only certain players
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Competitive Landscape
The market for pump products and services is highly competitive, with a focus on serving the large installed base of pumps. These products, due to their operating conditions, require regular maintenance, repairs, and the need for replacement parts. When choosing a supplier, customers place importance on factors such as timely distribution, reliability, and the availability of service centers.
- In February 2023, Motion & Control Enterprises completed the acquisition of Precision Pump & Valve, a distributor specializing in safety relief and control valves, pumps, and associated equipment. The company delivers tailored solutions catering to the oil and gas, petrochemical, and chemical processing industries.
Segmentation of Pump Market Research
-
By Type :
- Centrifugal
- Positive Displacement
-
By Application :
- Agriculture & Irrigation
- Water & Wastewater
- Building & Construction
- Oil & Gas
- Mining
- Power Generation
- Chemicals
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Key Success Factors
- 5. Market Background
- 6. Global Market Volume (Units) Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 7. Global Market - Pricing Analysis
- 8. Global Market Value Analysis 2018 to 2023 and Forecast, 2024 to 2034
- 9. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Type
- 9.1. Centrifugal
- 9.2. Positive Displacement
- 10. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Application
- 10.1. Agriculture & Irrigation
- 10.2. Water & Wastewater
- 10.3. Building & Construction
- 10.4. Oil & Gas
- 10.5. Mining
- 10.6. Power Generation
- 10.7. Chemicals
- 11. Global Market Analysis 2018 to 2023 and Forecast 2024 to 2034, by Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia
- 11.6. Oceania
- 11.7. Middle East and Africa (MEA)
- 12. North America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 13. Latin America Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 14. Europe Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 15. South Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 16. East Asia Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 17. Oceania Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 18. Middle East and Africa Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 19. Key and Emerging Countries Market Analysis 2018 to 2023 and Forecast 2024 to 2034
- 20. Market Structure Analysis
- 21. Competition Analysis
- 21.1. SLB
- 21.2. Ingersoll Rand
- 21.3. The Weir Group PLC
- 21.4. Motion & Control Enterprises
- 21.5. Vaughan Company
- 21.6. KSB SE & Co. KGaA
- 21.7. Precision & Valve
- 21.8. Pentair
- 21.9. Grundfos Holding A/S
- 22. Assumptions and Acronyms Used
- 23. Research Methodology
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List Of Table
Table 01: Global Market Volume (‘000 Units) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 02: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 03: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 04: Global Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Region
Table 05: North America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 06: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 07: North America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 08: Latin America Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 09: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 10: Latin America Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 11: Europe Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 12: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 13: Europe Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 14: South Asia Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 15: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 16: South Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 17: East Asia Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 18: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 19: East Asia Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 20: Oceania Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 21: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 22: Oceania Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
Table 23: Middle East and Africa Market Value (US$ Mn) Analysis 2018 to 2023 and Forecast 2024 to 2034, By Country
Table 24: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Type
Table 25: Middle East and Africa Market Value (US$ Mn) Analysis and Opportunity Assessment 2018 to 2034, By Application
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List Of Figures
Figure 01: Global Market Volume (in 000' Units) Analysis, 2018 to 2023
Figure 02: Global Market Volume Forecast (in 000' Units), 2024 to 2034
Figure 03: Pricing Analysis (US$) Per Type, By Region, 2023
Figure 04: Pricing Analysis (US$) Per Type, By Region, 2023
Figure 05: Global Market Value Analysis (US$ Mn), 2018 to 2023
Figure 06: Global Market Value Forecast (US$ Mn), 2024 to 2034
Figure 07: Global Market Absolute $ Opportunity, 2024 to 2034
Figure 08: Global Market Share Analysis (%), By Type, 2024 to 2034
Figure 09: Global Market Y-o-Y Analysis (%), By Type, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Type, 2024 to 2034
Figure 11: Global Market Share Analysis (%), By Application, 2024 to 2034
Figure 12: Global Market Y-o-Y Analysis (%), By Application, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 14: Global Market Share Analysis (%), By Region, 2024 to 2034
Figure 15: Global Market Y-o-Y Analysis (%), By Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value Share, By Type, 2024 (E)
Figure 18: North America Market Value Share, By Application, 2024 (E)
Figure 19: North America Market Value Share, By Country, 2024 (E)
Figure 20: North America Market Value Analysis (US$ Mn), 2018 to 2023
Figure 21: North America Market Value Forecast (US$ Mn), 2024 to 2034
Figure 22: North America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 24: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 25: Latin America Market Value Share, By Type, 2024 (E)
Figure 26: Latin America Market Value Share, By Application, 2024 (E)
Figure 27: Latin America Market Value Share, By Country, 2024 (E)
Figure 28: Latin America Market Value Analysis (US$ Mn), 2018 to 2023
Figure 29: Latin America Market Value Forecast (US$ Mn), 2024 to 2034
Figure 30: Latin America Market Attractiveness Analysis by Type, 2024 to 2034
Figure 31: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 32: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 33: Europe Market Value Share, By Type, 2024 (E)
Figure 34: Europe Market Value Share, By Application, 2024 (E)
Figure 35: Europe Market Value Share, By Country, 2024 (E)
Figure 36: Europe Market Value Analysis (US$ Mn), 2018 to 2023
Figure 37: Europe Market Value Forecast (US$ Mn), 2024 to 2034
Figure 38: Europe Market Attractiveness Analysis by Type, 2024 to 2034
Figure 39: Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 40: Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 41: South Asia Market Value Share, By Type, 2024 (E)
Figure 42: South Asia Market Value Share, By Application, 2024 (E)
Figure 43: South Asia Market Value Share, By Country, 2024 (E)
Figure 44: South Asia Market Value Analysis (US$ Mn), 2018 to 2023
Figure 45: South Asia Market Value Forecast (US$ Mn), 2024 to 2034
Figure 46: South Asia Market Attractiveness Analysis by Type, 2024 to 2034
Figure 47: South Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 48: South Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 49: East Asia Market Value Share, By Type, 2024 (E)
Figure 50: East Asia Market Value Share, By Application, 2024 (E)
Figure 51: East Asia Market Value Share, By Country, 2024 (E)
Figure 52: East Asia Market Value Analysis (US$ Mn), 2018 to 2023
Figure 53: East Asia Market Value Forecast (US$ Mn), 2024 to 2034
Figure 54: East Asia Market Attractiveness Analysis by Type, 2024 to 2034
Figure 55: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 56: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 57: Oceania Market Value Share, By Type, 2024 (E)
Figure 58: Oceania Market Value Share, By Application, 2024 (E)
Figure 59: Oceania Market Value Share, By Country, 2024 (E)
Figure 60: Oceania Market Value Analysis (US$ Mn), 2018 to 2023
Figure 61: Oceania Market Value Forecast (US$ Mn), 2024 to 2034
Figure 62: Oceania Market Attractiveness Analysis by Type, 2024 to 2034
Figure 63: Oceania Market Attractiveness Analysis by Application, 2024 to 2034
Figure 64: Oceania Market Attractiveness Analysis by Country, 2024 to 2034
Figure 65: Middle East and Africa Market Value Share, By Type, 2024 (E)
Figure 66: Middle East and Africa Market Value Share, By Application, 2024 (E)
Figure 67: Middle East and Africa Market Value Share, By Country, 2024 (E)
Figure 68: Middle East and Africa Market Value Analysis (US$ Mn), 2018 to 2023
Figure 69: Middle East and Africa Market Value Forecast (US$ Mn), 2024 to 2034
Figure 70: Middle East and Africa Market Attractiveness Analysis by Type, 2024 to 2034
Figure 71: Middle East and Africa Market Attractiveness Analysis by Application, 2024 to 2034
Figure 72: Middle East and Africa Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: UNITED STATES Market Value Analysis (US$ Mn), 2024 & 2034
Figure 74: UNITED STATES Market Value Share, By Type, 2024 (E)
Figure 75: UNITED STATES Market Value Share, By Application, 2024 (E)
Figure 76: Canada Market Value Analysis (US$ Mn), 2024 & 2034
Figure 77: Canada Market Value Share, By Type, 2024 (E)
Figure 78: Canada Market Value Share, By Application, 2024 (E)
Figure 79: Mexico Market Value Analysis (US$ Mn), 2024 & 2034
Figure 80: Mexico Market Value Share, By Type, 2024 (E)
Figure 81: Mexico Market Value Share, By Application, 2024 (E)
Figure 82: Brazil Market Value Analysis (US$ Mn), 2024 & 2034
Figure 83: Brazil Market Value Share, By Type, 2024 (E)
Figure 84: Brazil Market Value Share, By Application, 2024 (E)
Figure 85: UNITED KINGDOM Market Value Analysis (US$ Mn), 2024 & 2034
Figure 86: UNITED KINGDOM Market Value Share, By Type, 2024 (E)
Figure 87: UNITED KINGDOM Market Value Share, By Application, 2024 (E)
Figure 88: Germany Market Value Analysis (US$ Mn), 2024 & 2034
Figure 89: Germany Market Value Share, By Type, 2024 (E)
Figure 90: Germany Market Value Share, By Application, 2024 (E)
Figure 91: France Market Value Analysis (US$ Mn), 2024 & 2034
Figure 92: France Market Value Share, By Type, 2024 (E)
Figure 93: France Market Value Share, By Application, 2024 (E)
Figure 94: Italy Market Value Analysis (US$ Mn), 2024 & 2034
Figure 95: Italy Market Value Share, By Type, 2024 (E)
Figure 96: Italy Market Value Share, By Application, 2024 (E)
Figure 97: Spain Market Value Analysis (US$ Mn), 2024 & 2034
Figure 98: Spain Market Value Share, By Type, 2024 (E)
Figure 99: Spain Market Value Share, By Application, 2024 (E)
Figure 100: Russia Market Value Analysis (US$ Mn), 2024 & 2034
Figure 101: Russia Market Value Share, By Type, 2024 (E)
Figure 102: Russia Market Value Share, By Application, 2024 (E)
Figure 103: China Market Value Analysis (US$ Mn), 2024 & 2034
Figure 104: China Market Value Share, By Type, 2024 (E)
Figure 105: China Market Value Share, By Application, 2024 (E)
Figure 106: Japan Market Value Analysis (US$ Mn), 2024 & 2034
Figure 107: Japan Market Value Share, By Type, 2024 (E)
Figure 108: Japan Market Value Share, By Application, 2024 (E)
Figure 109: South Korea Market Value Analysis (US$ Mn), 2024 & 2034
Figure 110: South Korea Market Value Share, By Type, 2024 (E)
Figure 111: South Korea Market Value Share, By Application, 2024 (E)
Figure 112: India Market Value Analysis (US$ Mn), 2024 & 2034
Figure 113: India Market Value Share, By Type, 2024 (E)
Figure 114: India Market Value Share, By Application, 2024 (E)
Figure 115: ASEAN Market Value Analysis (US$ Mn), 2024 & 2034
Figure 116: ASEAN Market Value Share, By Type, 2024 (E)
Figure 117: ASEAN Market Value Share, By Application, 2024 (E)
Figure 118: Australia Market Value Analysis (US$ Mn), 2024 & 2034
Figure 119: Australia Market Value Share, By Type, 2024 (E)
Figure 120: Australia Market Value Share, By Application, 2024 (E)
Figure 121: New Zealand Market Value Analysis (US$ Mn), 2024 & 2034
Figure 122: New Zealand Market Value Share, By Type, 2024 (E)
Figure 123: New Zealand Market Value Share, By Application, 2024 (E)
Figure 124: GCC Countries Market Value Analysis (US$ Mn), 2024 & 2034
Figure 125: GCC Countries Market Value Share, By Type, 2024 (E)
Figure 126: GCC Countries Market Value Share, By Application, 2024 (E)
Figure 127: Turkey Market Value Analysis (US$ Mn), 2024 & 2034
Figure 128: Turkey Market Value Share, By Type, 2024 (E)
Figure 129: Turkey Market Value Share, By Application, 2024 (E)
Figure 130: South Africa Market Value Analysis (US$ Mn), 2024 & 2034
Figure 131: South Africa Market Value Share, By Type, 2024 (E)
Figure 132: South Africa Market Value Share, By Application, 2024 (E)
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How big is the pump market in 2024?
The global pump market is estimated at US$ 60.12 billion in 2024.
What are the projected sales of pumps for 2034?
Worldwide sales of pumps are forecasted to reach US$ 91.77 billion in 2034.
At what rate is the demand for pumps predicted to rise?
Global demand for pumps is forecasted to rise at 4.3% CAGR from 2024 to 2034.
How are sales of pumps progressing in Canada?
Sales of pumps in Canada are projected to increase at 5.1% CAGR from 2024 to 2034.
At what rate is the demand for mining pumps forecasted to rise?
Demand for pumps for use in mining is forecasted to rise at a CAGR of 4.8% from 2024 to 2034.
Pump Market