Water Pump Market Size Forecast to USD 102.1 Billion by 2035 with a Focus on Efficient Fluid Management - TMR Analysis

Water Pump Market to Reach USD 102.1 Billion by 2035, Expanding at a CAGR of 4.3% – Insights from Transparency Market Research

WILMINGTON, DE, UNITED STATES, October 10, 2025 /EINPresswire.com/ -- Global Water Pump Market Outlook 2035

The global water pump market is set for consistent growth, driven by rising demand in agriculture, construction, and industrial applications. Valued at US$ 64.1 Bn in 2024, the market is projected to grow at a CAGR of 4.3% from 2025 to 2035. By the end of 2035, it is expected to reach US$ 102.1 Bn, supported by rapid urbanization, increasing water management needs, and technological innovations in energy-efficient pumping systems.

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Analysts’ Viewpoint on the Water Pump Market

The global water pump market is experiencing a significant transformation driven by evolving industry demands and technological innovation. A key trend shaping the market is the growing focus on energy efficiency, as businesses and consumers seek to reduce operational costs while complying with stringent environmental regulations.

In addition, rapid technological advancements are accelerating the adoption of smart water pumps equipped with Internet of Things (IoT) capabilities. These advanced systems enable real-time monitoring, predictive maintenance, and improved operational performance, ultimately reducing downtime and enhancing overall efficiency.

Global Water Pump Market Overview

The water pump industry is centered on the design, production, and distribution of pumps used for transferring, circulating, or recycling water across domestic, agricultural, commercial, and industrial applications. These pumps play a critical role in irrigation, water treatment, construction, and numerous industrial processes, catering to the diverse needs of users worldwide. Market growth is largely driven by rapid urbanization, industrial expansion, increasing water scarcity, and infrastructure development, positioning water pumps as a vital component of modern water management systems.
The industry is undergoing transformation with the integration of advanced technologies such as solar-powered pumps, smart monitoring systems, and energy-efficient designs.

As demand for reliable water distribution solutions rises, manufacturers are focusing on cost-effectiveness, durability, and sustainability. Additionally, government initiatives promoting agricultural modernization and rural water supply are further accelerating market expansion. With growing populations and intensifying climate challenges, the water pump industry continues to be indispensable for efficient resource utilization and long-term environmental sustainability.

Analysis of Key Players in the Global Water Pump Market

The global water pump market is driven by continuous innovation and product expansion strategies adopted by leading companies. A majority of key players are investing heavily in upgrading their product portfolios, with new product launches emerging as the dominant strategy to strengthen market presence. These initiatives are expected to significantly contribute to the growth of the industry during the forecast period.

Prominent companies shaping the global water pump market include
• Cornell Pump Company
• DAE Pumps
• Dynapro
• Ebara Corporation
• Flowserve Corporation
• Gorman-Rupp Company
• Grindex
• KSB SE & Co. KGaA
• Tsurumi Manufacturing Co., Ltd.
• Grundfos
• Kirloskar Brothers Limited
• CG Power & Industrial Solutions Ltd.
• Other Players

Each of these players has been profiled in the global market research report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Key Developments and Market Trends

• CG Pumps (April 2025): Introduced the SmartSENSE cordless, float-free automatic water pump controller, which eliminates the need for cable connections or float-based sensors. The system leverages advanced sensing technologies to independently monitor water levels at both the inlet source and the overhead tank, enhancing operational efficiency and ease of use.
• Kirloskar Brothers Limited (March 2025): Launched two new borewell submersible pumps, named KU7P and LEHR. These models are engineered for superior performance, energy efficiency, and extended lifespan, with applications across farms, households, and community water supply systems in both rural and urban settings.

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Key Growth Drivers

1. Urbanization & Population Growth – Rising demand for municipal water supply and wastewater treatment.
2. Agricultural Needs – Dependence on irrigation systems in water-scarce regions.
3. Industrial Expansion – Pumps required in oil & gas, chemicals, power generation, and manufacturing.
4. Technological Advancements – Smart pumps with IoT, AI, and predictive maintenance.
5. Sustainability Goals – Increased adoption of solar-powered and energy-efficient pumps.

Market Restraints & Challenges

• High Initial Costs – Smart and advanced pumping systems require significant investment.
• Energy Consumption – Conventional pumps contribute to high electricity use.
• Raw Material Price Volatility – Steel and component costs affect production margins.
• Maintenance & Operational Challenges – Particularly in remote or underdeveloped regions.

Market Segmentation

By Type
• Centrifugal Pumps
• Positive Displacement Pumps
• Submersible Pumps
• Others

By End-use Industry
• Agriculture & Irrigation
• Municipal Water & Wastewater
• Oil & Gas
• Power Generation
• Chemicals & Industrial Manufacturing
• Residential & Commercial

By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

Market Trends & Innovations

1. Smart & Connected Pumps – IoT integration for real-time monitoring and predictive maintenance.
2. Solar-powered Pumps – Addressing energy challenges in off-grid and rural areas.
3. High-efficiency Designs – Pumps with low lifecycle costs and reduced energy consumption.
4. Expansion of Desalination Plants – Boosting demand for large-capacity pumps.
5. Sustainable Solutions – Low-emission and recyclable material usage in pump manufacturing.

Future Outlook

The global water pump market is projected to surpass US$ 102.1 Bn by 2035, driven by urbanization, industrial growth, and sustainable water management initiatives. Demand will increasingly shift toward smart, energy-efficient, and solar-powered pumps, making water pump technology central to addressing climate resilience and water scarcity challenges.

Key future trends include:

• Expansion of smart city water management projects.
• Rising deployment of solar and hybrid pumping systems in agriculture.
• Advanced pump technologies for desalination and wastewater treatment plants.
• Strong market penetration in Asia-Pacific and Middle East due to infrastructure investments.

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Important FAQs with Answers

Q1. What was the global market size of water pumps in 2024?
A1. The market was valued at US$ 64.1 Bn in 2024.

Q2. What is the projected market size by 2035?
A2. The market is expected to reach US$ 102.1 Bn by 2035.

Q3. What is the CAGR for 2025–2035?
A3. The industry is projected to grow at a CAGR of 4.3%.

Q4. What are the major applications of water pumps?
A4. Agriculture, municipal water & wastewater, oil & gas, industrial, and residential/commercial sectors.

Q5. Who are the key players in the market?
A5. Grundfos, Xylem, KSB, Flowserve, Sulzer, Wilo, Ebara, and Pentair.

Q6. What trends will shape the future of the industry?
A6. Smart pumps, solar-powered systems, desalination projects, and sustainable manufacturing will define industry growth.

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