Global Pump Market Projected to Hit $88.36 Billion by 2031 on Smart Pump Adoption — Arizton Advisory & Intelligence

Event summary

The global pump market is expected to grow from $65 billion in 2025 to $88.36 billion by 2031, a CAGR of 5.25%.
APAC accounted for over 40% of global revenue in 2025, driven by rapid industrialization and water infrastructure investments.
Europe is accelerating smart pump adoption due to strict environmental regulations and industrial modernization.
Key innovations include Wilo's energy-efficient vertical in-line pump and Flowserve's hermetically sealed magnetic drive pump.

The big picture

The pump market's growth is being driven by infrastructure modernization, industrial automation, and stringent environmental regulations. Energy efficiency is becoming a competitive advantage as industries seek to reduce operating expenses and meet sustainability targets. The adoption of smart pumps with IoT capabilities is reshaping the competitive landscape, with APAC leading in demand while Europe focuses on advanced digital solutions.

What we're watching

Regional Dynamics: How APAC's dominance will affect global market strategies, particularly in emerging markets like India.
Technological Adoption: The pace at which IoT-enabled and energy-efficient pumps will replace traditional systems across industries.
Competitive Landscape: Whether established players like Grundfos and Flowserve can maintain their lead amid rising competition from regional manufacturers.