Pumps market to hit $353.46 billion by 2030

The global pumps market is forecast to grow from $264.94 billion in 2025 to $353.46 billion by 2030, driven by industrial expansion, infrastructure upgrades and rising oil and gas activity. North America led the market in 2025, while Asia-Pacific is expected to grow fastest over the forecast period.

Why it matters: - Pumps sit inside core systems for water, energy, agriculture and manufacturing. - Growth in the sector signals more spending on infrastructure, industrial capacity and fluid-handling equipment. - Oil and gas exploration remains a major demand driver for pumps used in drilling and extraction.

What happened: - The Business Research Company projected the global pumps market will rise from $264.94 billion in 2025 to $280.17 billion in 2026. - The firm said the market will reach $353.46 billion by 2030, reflecting a 6.0% CAGR during the forecast period. - The report was released Oct. 8, 2026, from London. - The company also made a free sample report and the full report available online.

The details: - Pumps are mechanical devices that transfer liquids or gases by converting mechanical energy into hydraulic energy. - The market’s recent growth has been tied to industrial production, irrigation demand, municipal water systems, oil refining infrastructure and mechanical pumping in processing industries. - Forecast growth is expected to be supported by water and utilities modernization, urbanization, advanced industrial applications, replacement of aging systems and larger-scale fluid handling needs. - Future market trends include more investment in water and wastewater infrastructure, broader use in oil and gas upstream and midstream operations, and higher demand for chemical and petrochemical processing equipment. - The report highlighted rising demand for pumps made with corrosion-resistant and abrasion-resistant materials. - North America was the largest regional market in 2025. - Asia-Pacific is expected to be the fastest-growing region during the forecast period. - The analysis also covers South East Asia, Western Europe, Eastern Europe, South America, the Middle East and Africa.

Between the lines: - The market forecast points to a mix of replacement demand and new build demand, which usually favors suppliers with broad product lines and service capabilities. - Oil and gas activity remains important, but water infrastructure and industrial modernization appear to be expanding the market’s base beyond energy. - The report’s regional split suggests mature demand in North America and faster expansion in developing industrial markets across Asia-Pacific.

What's next: - The report expects continued demand from industrial fluid handling, utility upgrades and high-pressure applications through 2030. - Growth in oil and gas exploration could add more demand if production and drilling activity keep rising. - Buyers and suppliers will likely focus more on durable pump materials and retrofit opportunities as older systems age.