Market Forecast by Countries (United States, Canada), By Product (Centrifugal Pump, Positive Displacement Pump, Others), By Application (Oil & Gas, Chemicals, Construction, Power Generation, Water & Wastewater, Others) And Competitive Landscape
Product Code: ETC405690 | Publication Date: Aug 2022 | Updated Date: Mar 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | North America Industrial Pumps Market |
Forecast period | 2025-2031 |
Forecast Size | USD 3.04 billion By 2031 |
CAGR | 4.52% |
Growing Sector | Water & Wastewater |
North America Industrial Pumps Market report thoroughly covers the market By Countries and By Product Type, and By Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
North America Industrial Pumps Market was valued at USD 2.14 billion and is expected to reach USD 3.04 billion, growing at a CAGR of around 4.52 % from 2025 to 2031. The North American industrial pumps market is experiencing steady growth, driven by advancements in manufacturing, increasing demand across key industries, and regulatory pressures for energy efficiency and environmental sustainability.
Industrial Pumps market in North America is experiencing steady growth, is driven by increasing demand from key industries such as water and wastewater treatment, oil and gas, chemicals, and power generation. The region's advanced manufacturing capabilities, including automation and precision engineering, allow for the production of highly efficient and reliable industrial pumps, enhancing market growth.
According to 6Wresearch, the North America Industrial Pumps Market Size is expected to reach a significant CAGR of 4.52% during the forecast period 2025-2031. The growing need for energy-efficient and environmentally friendly solutions has spurred investments in smart pumping technologies with IoT integration, predictive maintenance, and enhanced durability. Additionally, government initiatives to improve water infrastructure and energy efficiency are contributing to market expansion, with industries increasingly adopting pumps that comply with strict environmental and safety regulations.
Despite its growth potential, the market faces challenges such as high initial investment costs, supply chain disruptions, and fluctuating raw material prices. The cost of essential materials like stainless steel, iron, and specialized coatings has been volatile, impacting overall production costs. Additionally, labor shortages and skilled workforce gaps in the manufacturing sector pose operational difficulties. The industry is also under pressure from regulatory compliance requirements, particularly regarding energy efficiency and emissions control, which can increase production costs. Competition from low-cost imports and alternative fluid handling technologies further adds to market pressures, making it crucial for manufacturers to continue innovating to maintain competitiveness.
The North American Industrial Pumps market is experiencing steady growth, with several trends shaping the industry's direction in the coming years. One significant trend is the increasing demand for energy-efficient solutions, driven by both environmental concerns and cost-saving measures. This has led to a rise in smart pump technologies that incorporate IoT, predictive maintenance, and other advanced features to optimize energy consumption and reduce downtime. The adoption of renewable energy sources such as wind and solar power also presents growth opportunities for industrial pumps, particularly in water management systems.
The North American Industrial Pumps Industry is a highly competitive market with many established players and new entrants looking to capitalize on the region's growing demand. To stay ahead in this dynamic landscape, companies are investing heavily in research and development to improve their product offerings, enhance efficiency, and comply with stringent regulations. There is also an increasing focus on strategic partnerships and collaborations to expand market reach and tap into emerging sectors such as e-commerce, where industrial pumps play a crucial role in logistics and distribution operations.
Some of the key players in the North America Industrial Pumps market include Xylem Inc., Flowserve Corporation, Sulzer Ltd., Grundfos Holding A/S, SPX FLOW, Inc., ITT Inc., KSB SE & Co. KGaA, Gardner Denver Holdings Inc., Ebara Corporation, and Weir Group PLC. These companies are continuously investing in product innovation and expanding their global reach through partnerships and acquisitions to maintain a competitive edge in the market.
The North American industrial pumps market is subject to various government regulations aimed at promoting sustainable and energy-efficient solutions. For instance, in the US, the Department of Energy (DOE) has set energy conservation standards for pumps used in commercial and industrial applications. These standards require manufacturers to meet specific efficiency levels, driving innovation in the industry. Additionally, various agencies have implemented regulations to reduce emissions from industrial processes, leading to increased demand for environmentally friendly pumping solutions.
The industrial pumps market in North America has been witnessing steady growth over the past few years. The region is one of the leading markets for industrial pumps, accounting for a significant share in the global market. This can be attributed to various factors such as rapid industrialization, increasing investments in infrastructure development, and growing demand for energy and water resources.
The use of advanced technologies such as IoT and automation have greatly influenced the North American industrial pumps market. These technologies have improved the efficiency and reliability of pumps, leading to increased adoption across various industries. Moreover, manufacturers are continuously investing in research and development activities to introduce innovative products with enhanced capabilities.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Dhaval, Research Manager, 6Wresearch, The US Industrial Pumps market is expected to dominate the North American region in terms of revenue share, by country, during the forecast period. The US has a well-established manufacturing sector and is heavily reliant on industrial pumps for various operations.
The centrifugal pump segment is expected to dominate the North America Industrial Pumps market in terms of product, owing to its widespread use across various industries such as oil and gas, chemical processing, and water management. These pumps offer high efficiency, low maintenance costs, and are suitable for handling large volumes of fluid.
The water and wastewater segment is expected to dominate the North America Industrial Pumps market in terms of application. This can be attributed to the increasing demand for clean water and efficient wastewater treatment processes in the region.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 North America Industrial Pumps Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Industrial Pumps Market Revenues & Volume, 2021 & 2031F |
3.3 North America Industrial Pumps Market - Industry Life Cycle |
3.4 North America Industrial Pumps Market - Porter's Five Forces |
3.5 North America Industrial Pumps Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Industrial Pumps Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 North America Industrial Pumps Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 North America Industrial Pumps Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Industrial Pumps Market Trends |
6 North America Industrial Pumps Market, 2021 - 2031 |
6.1 North America Industrial Pumps Market, Revenues & Volume, By Product, 2021 - 2031 |
6.2 North America Industrial Pumps Market, Revenues & Volume, By Application, 2021 - 2031 |
7 United States Industrial Pumps Market, 2021 - 2031 |
7.1 United States Industrial Pumps Market, Revenues & Volume, By Product, 2021 - 2031 |
7.2 United States Industrial Pumps Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Canada Industrial Pumps Market, 2021 - 2031 |
8.1 Canada Industrial Pumps Market, Revenues & Volume, By Product, 2021 - 2031 |
8.2 Canada Industrial Pumps Market, Revenues & Volume, By Application, 2021 - 2031 |
9 North America Industrial Pumps Market Key Performance Indicators |
10 North America Industrial Pumps Market - Opportunity Assessment |
10.1 North America Industrial Pumps Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Industrial Pumps Market Opportunity Assessment, By Product, 2021 & 2031F |
10.3 North America Industrial Pumps Market Opportunity Assessment, By Application, 2021 & 2031F |
11 North America Industrial Pumps Market - Competitive Landscape |
11.1 North America Industrial Pumps Market Revenue Share, By Companies, 2024 |
11.2 North America Industrial Pumps Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |