Industrial Pumps Market

The industrial pumps market consists of mechanical devices used to move fluids across a wide range of industrial sectors. Key customers include the chemical, water & wastewater treatment, oil & gas, and power generation industries, which require specialized pumps for handling everything from aggressive acids to large volumes of water. The market's growth is primarily driven by increasing government investment in infrastructure, the development of new industries in emerging economies, and the specific, high-performance needs of chemical manufacturing.

CAGR

4.8%

Compound Annual Growth Rate

Current Value

$49.5B

Estimated 2026

Projected Value

$72.0B

By 2034

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