Delray Beach, FL, June 17, 2025 (GLOBE NEWSWIRE) — The Pumps Market size has grown significantly in recent years. Projected to surge from $61.32 billion to $79.01 billion in 2029, the market’s compound annual growth rate CAGR will see an increase of 5.2%. Emerging revenue pockets for the global Pumps Market include an increased adoption of smart and IoT-enabled pumps that enable predictive maintenance and optimized performance across sectors, as well as increasing uses of energy-efficient pumps, driven by more stringent regulations and sustainability goals. Improving investment in infrastructure will serve as a significant growth stimulant in developing regions, most notably within the Asia-Pacific and the Middle East markets. At the same time, the adoption of electric-driven pumps in renewable energy, water & wastewater treatment, and agriculture sectors offers new avenues for revenue, as those industries continue to grow in response to global environmental and resource management challenges.
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Global Pumps Market Dynamics
- Driver: Rapid industrialization and urbanization
- Restraint: Regulatory complexity and high cost of compliance
- Opportunity: Adoption of smart and IoT-enabled pumps
- Challenge: Complexity in retrofitting and integrating pumping systems
Rotary pumps segment, by type, hold the second-largest market share in global Pumps Market due to their suitability for handling thick viscous fluids and offering smooth continuous flow without pulsation, which makes them worthwhile in oil and gas, chemicals, pharmaceuticals, and food and beverage industries. They are particularly very efficient in transferring thick sticky or abrasive liquids where other pump types cannot cope. Other factors like operational efficiency and flexibility of rotary pumps in lubricants, adhesives, paints, and …