The 2022 global size for industrial pumps market amounted to USD 6 billion and is projected to reach USD 99.29 billion by 2032, with a robust compound annual growth rate (CAGR) of 5% anticipated throughout the forecast period. Key drivers of this revenue surge include the escalating trends of urbanization and industrialization, coupled with a growing demand for industrial pumps characterized by energy efficiency and environmental friendliness, particularly in the context of water and wastewater treatment.

The escalating need for industrial pumps, designed to transport water, slurry, and various fluids, is closely tied to the increasing demand for water and wastewater treatment within the industrial sector. Furthermore, a rising public consciousness regarding the importance of clean water, combined with stringent regulatory constraints on wastewater discharge into water bodies, is contributing to the heightened demand for water treatment and wastewater treatment solutions. Industrial pumps play a pivotal role in the water and wastewater treatment domain, being extensively employed in diverse processes such as disinfection, coagulation, flocculation, and sludge dewatering.

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Major Companies and Competitive Landscape:

Some of the major companies operating in the global industrial pumps market are:

• Xylem Inc.
• Grundfos Holding A/S
• KSB SE & Co. KGaA
• Sulzer Ltd.
• Ebara Corporation
• Danfoss A/S
• ITT Inc.
• Wilo SE
• Flowserve Corporation

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Strategic Developments:

·         In 2021, Xylem Inc. unveiled its strategy to acquire Valor Water Analytics, a water treatment technology company, with the goal of augmenting Xylem's capabilities in delivering advanced water solutions to its clientele.

·         During 2020, Grundfos Holding A/S introduced a new generation of intelligent water pumps, incorporating artificial intelligence and internet of things (IoT) technology to optimize water flow and energy consumption in commercial and industrial structures.

·         In the same year, KSB SE & Co. KGaA bolstered its product portfolio in the valve industry and fortified its market standing in Europe through the acquisition of Isoria Group, a fluid handling company.

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