Pumps Market Outlook - Strong Expansion with a CAGR of 5.2% from 2024 to 2029

The global Pumps Market is anticipated to grow from estimated USD 61.32 billion in 2024 to USD 79.01 billion by 2029, at a CAGR of 5.2% during the forecast period. The significant factors driving the global Pumps Market are rapid industrialization, urbanization, and infrastructure development, especially in emerging markets like Asia-Pacific and the Middle East. The rising demand for water and wastewater treatment, coupled with an increase in the oil & gas, chemical, and energy industries, is further accelerating market growth. Moreover, the adoption of energy-efficient pumps and innovations such as IoT-enabled smart pumps is driving the expansion of the market. Environmentally tight regulations and the demand for environmentally friendly solutions are making industries upgrade their systems to more effective and environment-friendly alternatives. In addition, the emerging high-end pump application needs in agriculture, mining, and other industrial usage are helping market growth. These combine and influence each other to sustain the ongoing evolution of the market. Integrated technology with increased automation elevates efficiency and functionality in pumps across industries.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=29873540

Electric pumps segment, by operation

With a better efficiency, reliability, and suitability for wide applications in industries such as water & wastewater, oil & gas, and chemical processing, electric pumps hold the largest share of the global Pumps Market. They find preference due to the consistent performance they offer and lower operational costs with lower maintenance needs. Increased focuses on efficiency and sustainability with a stricter environmental regulation have just added fuel to the increase in electric pumps. Diversity, scalability, and association with automation and smart technologies place electric pumps at the top of the list as the answer to improving operational efficiency for most industries. Other factors that drive dominance for electric pumps include the increased demand in water and waste-water treatment and the increasing infrastructure in emerging markets. These are some of the underlying reasons why the electric pumps segment takes the lead in the market.

Commercial & Residential segment, by end user

The commercial and residential segment holds the second-largest market share in the global market of pumps as demand for water supply, drainage, and HVAC systems increases rapidly across residential buildings and commercial properties. The third reason is because irrigation and wastewater handling needs continue to increase with the rate of urbanization in society. Similarly, the growing need for pump systems in homes and commercial complexes that are energy-efficient and cost-effective has fuelled further growth in the market. In terms of smart home technologies and infrastructure development, government initiatives in residential and commercial water systems also enhance pump uptake in these sectors. That indicates the strong position of the segment is an imperative contributor to this growing population increase along with the developments in infrastructure, as well as the pressure of being energy-efficient.

Regional Analysis

North America holds the third-largest market share in the global Pumps Market as a result of the continuing demand from various industries, including oil and gas, water and wastewater, chemicals, and power. The region enjoys a highly developed infrastructure, industrial sector, and government regulations supporting sustainability and energy efficiency. In addition, leading pump technologies, including IoT-enabled and smart pumps, are pushing the growth of the market. Important players in the region are engaging in innovative activities and are further expanding operations to satisfy growing demand in energy-efficient solutions. Increasing the importance of industrial automation in North America, along with increased investments in water infrastructure and renewable energy projects, is pushing the growth of the market further.

Key Players

Diversified strategies are being used by key players in the global Pumps Market, including Grundfos Holding A/S (Denmark), Xylem (US), Flowserve Corporation (US), KSB Limited (India), and Sulzer Ltd (Switzerland) for maintaining the competitive advantage. These companies are continuous innovators and focus on investing in R&D efforts to launch energy-efficient and digitally enabled pumps to align with the growth of sustainable and IoT-integrated solutions. They are also building their geographic footprint through strategic acquisitions and partnerships in order to expand market reach and respond to region-specific requirements, especially in new markets across Asia and the Middle East. In addition, many are giving greater priority to expansion of after-sales service and customized offerings in areas ranging from water treatment to oil and gas. Sustainability initiatives, including the development of eco-friendly and energy-efficient pumps, remain at the heart of their approach as environmental regulations worldwide are becoming ever stringent. The companies therefore enable these companies to increasingly cater to changing customer needs, thereby maintaining leadership in such a competitive marketplace across the world.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=29873540

Grundfos Holding A/S

Grundfos Holding A/S is a global pump market leader that strongly adheres to the principles of energy efficiency, digitalization, and sustainability in its endeavours. The firm focuses on flexible solutions of innovative water and wastewater solutions, which cater to varied industries including water management, HVAC, industry, and energy. With a strong focus on advance technologies, Grundfos integrates IoT-enabled smart pumping solutions, which enhance the efficiency of the systems while building predictive maintenance capabilities into them, aligning with the increasing demand for energy-efficient solutions in both commercial and industrial sectors. For instance, its focus on strategic reduction of water and energy consumption with long-term investment in R&D and regional market expansion enhances its position as a core pumps company in the competitive modern global market.

Xylem Inc.

Xylem Inc. is one of the worldwide big players in the pumps market, recognized for its innovative water solutions that solve critical water and energy challenges. With a wide ranging product portfolio, Xylem is built on its expertise in providing advanced, energy-efficient pumping systems for industries that involve water utilities, industrial, residential, and commercial sectors. Offering the environment, digital transformation, and smart water management through IoT-enabled pumps and data-driven solutions, the company is capable of leading towards the reduction of water waste and the optimization of energy use. Xylem’s strategic acquisitions, R&D focus, and partnerships increase its competitive advantage by allowing it to expand its market presence globally while growing demand for efficient water management and environmental responsibility.

KSB Limited

KSB Limited is one of the world’s leading producers for high-performance pumps and valves, serving international markets in water, energy, mining, construction, and industrial applications. Being a part of the KSB group, the company sets up lines with the most modern technology and vast experience in engineering to supply energy efficient, reliable pumps specifically according to customer needs. KSB focuses on innovation in fluid handling and sustainable development, which means that IoT and smart pump technology will be implemented to optimize its client’s performance while keeping the operational costs at their lowest. With strategic expansion, strong positioning in customer focus, and a robust and efficient approach, the company can face the increased demands due to increasing competition in the global market.

For more information, Inquire Now!

Related Reports:

Progressing Cavity Pump Market

Oil and Gas Pumps Market

Centrifugal Pump Market

Get access to the latest updates on Pumps Companies and Pumps Industry Growth

Diaphragm Pumps Market Analysis Report 2022-2027, Top Companies Share, Growth Overview, and Forecast

 

According to the new market research report "Diaphragm Pumps Market by Mechanism (Air Operated and Electrically Operated), Operation (Single Acting and Double Acting), Discharge Pressure (Up to 80 Bar, 81 to 200 Bar & above 200 Bar), End User and Region - Global Trends & Forecast to 2027", published by MarketsandMarkets™,  the global Diaphragm Pumps Market size will grow to USD 7.6 billion by 2027 from USD 6.1 billion in 2022, at a CAGR of 4.5% during the forecast period. The growth of the water and wastewater treatment industry, led by stringent regulations related to water treatment and discharge, is driving the demand for diaphragm pumps globally. Moreover, chronic health conditions are on the rise due to the increase in the number of elderly people aged 65 and above, the growing middles class, and increasing adoption of sedentary lifestyle. Hence, the pharmaceutical industry is expected to grow giving rise to opportunities for the growth of the Diaphragm Pumps Market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=158812592

The Diaphragm Pumps Market includes prominent Tier I and Tier II manufacturers like PSG, Ingersoll Rand Inc., IDEX Corporation, Flowserve, and Xylem, Inc. These companies have their manufacturing facilities spread across North America, Europe, Asia Pacific and the other regions. Many diaphragm pump manufacturers have also developed smart pumps incorporating AI and IoT technologies that provide real-time monitoring, remote operation capability, failure diagnosis and troubleshooting and a host of other features. The chemicals, water & wastewater, oil & gas, food & beverage, and pharmaceuticals industries are the amongst the largest consumers of diaphragm pumps. The growth of these industries is expected to also lead to the growth of the Diaphragm Pumps Market.

The air operated segment is expected to dominate the Diaphragm Pumps Market, by mechanism, during the forecast period.

The air-operated segment is expected to hold the largest market share of the Diaphragm Pumps Market. Air-operated diaphragm pumps use an air compressor to drive the diaphragm. Reciprocating elastomeric diaphragms and check valves are utilized in these pumps to pump fluid. A wide variety of materials are used to make these flexible diaphragms. The material should be selected based on chemical compatibility and the type of fluid that will be handled. These pumps do not require electricity for operation and are ideal for environments with fire hazards or where power supply is not available. Air operated double diaphragm pumps (AODD) are specifically preferred in applications that require handling highly viscous liquids with a relatively high amount of solid content. The growth of this segment can be attributed to the growth of the pharmaceuticals, food & beverage, and chemicals industries which commonly employ air operated diaphragm pumps for fluid transfer purposes.

Browse in-depth TOC on "Diaphragm Pumps Market"

159 – Tables

54 – Figures  

220 – Pages

View Detailed Table of Content Here: https://www.marketsandmarkets.com/Market-Reports/diaphragm-pumps-market-158812592.html 

The water & wastewater segment is expected to be the largest and fastest growing market, by end user, during the forecast period.  

The water & wastewater segment held the largest market share of the Diaphragm Pumps Market in 2021. Diaphragm pumps find a variety of applications in the water & wastewater treatment industry and are used in feeding filter presses, digestion tanks & thickeners, and pumping stations. These pumps also find applications in wastewater treatment processes like dewatering through filtration (filter press), chemical dosing to neutralize pH levels and treat sludge, wastewater sump transfer and sample, and municipal water treatment. Diaphragm pumps can handle a wide range of debris like stones, sticks, sand, mud, or trash, and hence are ideal for water treatment applications. The wastewater from domestic and industrial sources contains harmful bacteria, viruses, nitrogen, phosphorous, and other pollutants that are harmful to the environment and human health. Hence, stringent laws on urban and industrial wastewater treatment are being introduced in Europe, North America, and the emerging economies of Asia Pacific, Middle East & Africa, and South America. This may lead to an increase in the number of wastewater treatment plants globally which may drive the demand for diaphragm pumps.

Asia Pacific likely to emerge as the largest Diaphragm Pumps Market

The Asia Pacific region accounted for the largest share of the Diaphragm Pumps Market in 2021. The major end users for diaphragm pumps in the Asia Pacific region include water & wastewater treatment, pharmaceuticals, chemicals, and oil & gas industries. The growth of the market in Asia Pacific, hence, can be attributed to the increasing industrialization, investments in water infrastructure, and the growth of industries like pharmaceuticals, chemicals, and oil & gas. The burgeoning population of Asia Pacific puts an extreme burden on the water resources of the countries in this region. The water and wastewater treatment sector, as a result has huge growth potential in the region. The region is also a global pharmaceuticals hub and the industry is growing thanks to the rising awareness of healthcare in the current population and accessibility to modernized treatment regimens without border restrictions. Economies in the region are experiencing a rapid fall in their oil inventories as a result of the increasing crude oil prices and the reduction in supply induced by the sanctions on Russian crude, leading to an increase in oil & gas exploration and production activities. The growth of these industries is expected to positively drive the Diaphragm Pumps Market in this region during the forecast period.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=158812592 

The Diaphragm Pumps Market is dominated by major players that have a wide regional presence. Some of the key players in the Diaphragm Pumps Market are PSG (US), Flowserve Corporation (US), IDEX Corporation (US), LEWA GmbH (Germany), Ingersoll Rand, Inc. (US), Grundfos Holding A/S (Denmark), Yamada Corporation (Japan), Xylem, Inc. (US), and SPX FLOW (US).

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC. 
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com