Industry News, News

The Global Industrial Pump Market Expected to Reach $87.4 Billion by 2030, QEEHUA PUMP Enabling Industry Development

Pump Market Statistics

According to the latest research report, the global industrial pump market is expected to reach $87.4 billion by 2030. This growth trend demonstrates the increasing importance of industrial pumps in the global economy. In 2023, the global industrial pump market is estimated at $62.7 billion and expected to reach $87.4 billion by 2030, with a compound annual growth rate (CAGR) of 4.2% during the period. Centrifugal pumps represent the major sub-segment of the market and are projected to grow at a CAGR of 4.2% to reach $58 billion by the end of the analysis period. Growth momentum for positive displacement pumps is also quite strong, with an estimated CAGR of 4.6% over the next eight years.

The industrial pump market includes multiple types such as centrifugal pumps, magnetic drive pumps, vertical pumps, and positive displacement pumps, each with unique application scenarios in water and wastewater treatment, oil and gas, and chemical processing. Although the market faces some challenges, growing demand from various end-use industries is likely to fuel rapid market expansion. Centrifugal pumps are expected to continue dominating as the leading product category driven by their widespread usage in diverse industrial applications.

Market Growth Drivers: Centrifugal and Positive Displacement Pumps

Take Center Stage The report indicates that centrifugal pumps, as a major sub-segment of the industrial pump market, are projected to maintain a CAGR of 4.2% over the next 8 years, reaching a market size of $58 billion. Meanwhile, positive displacement pumps are also exhibiting robust growth momentum, with an estimated CAGR of 4.6%. This growth is primarily attributed to ongoing investments in water treatment, oil and gas, and chemical processing industries globally. In these areas, QEEHUA PUMP has gained favor with many customers through its efficient, reliable, and stable magnetic drive and chemical transfer pumps and filtration products.

Regional Market Outlook: United States and China Lead Globally

By region, the United States market size is estimated at $11.3 billion in 2023. As the second largest economy globally, China’s industrial pump market is projected to reach $22.7 billion by 2030, with a CAGR of 5.8%. Other major markets such as Japan and Canada are expected to grow at CAGRs of 2.5% and 3.4% respectively between 2023-2030. In Europe, Germany is projected to grow at approximately 3.1% CAGR. In the Asia Pacific region, driven by countries including Australia, India, and South Korea, the market size is expected to reach $16.3 billion by 2030.

QEEHUA PUMP: A Professional Industrial Pump Manufacturer

In this rapidly growing market, QEEHUA PUMP has established a strong global presence as a leading and reliable manufacturer of chemical pumps and filtration products through excellent products and technology innovations. QEEHUA PUMP’s core products include magnetic drive pumps, mechanical seal centrifugal pumps, vertical pumps, and chemical filtration equipment. The company has obtained ISO9001, ISO14001, CE, SGS and other certifications with over 100 qualified pre- and post-sales engineers serving business across more than 30 countries and regions with over 10,000 global customers.

With deep understanding of chemical transfer needs and concerns across industries, QEEHUA PUMP is able to provide scientific pump selection solutions for customers. Its patented core technologies, especially the self-developed “internal magnet injection molding” technique, perfectly address issues such as leakage, corrosion, poor heat dissipation, cracking, gas inclusion and damage that plague traditional chemical pumps, keeping QEEHUA PUMP’s products at the forefront of industry in terms of technical performance and quality.

QEEHUA PUMP’s industrial pump product lines include:

Our products are widely used in PCB, electroplating, coating, surface treatment, semiconductor, chemical and pharmaceutical, exhaust, wastewater treatment, liquid flow energy storage, photovoltaic solar and other fields, highly praised by customers. QEEHUA PUMP remains committed to providing customers with the highest quality products and services, enabling industry development.

Related Posts