The Pumps Market, a cornerstone of industrial and engineering equipment, is witnessing steady growth driven by technological advancement and infrastructure expansion. Valued at approximately USD 77.34 billion in 2024, the pumps market is projected to reach USD 99.01 billion by 2033, growing at a CAGR of 2.78%. Asia-Pacific remains the largest regional contributor, with China consuming 61 million units, followed by India (23 million units), reflecting the region’s surge in urbanization, construction, and industrial projects. Europe and North America focus on advanced, energy-efficient, and IoT-enabled pumps, serving water treatment, oil & gas, chemical, and power generation sectors.
Pumps overview
Published by MMR Statistics Research Team, Updated