Global Pump Market Outlook 2025

We estimate that world pump consumption rose by 1.7% in 2024 to US$57.0 billion. Activity was supported by restocking and an uptick in industrial activity as lower energy prices began to feed through.

However, the impact of past rises in interest rates were continuing to filter through, capping growth in pumps demand. In 2025, we are expecting a deceleration in global pumps demand to 1.0% as the global economy contends with new headwinds.

Fill in the form to download a sample of 2025 Global Pump Outlook Report. Some of our key findings include:

• The impact of global tariffs, a high degree of policy uncertainty, and higher for longer US interest rates are expected to curb global economic growth. Industrial production is expected to be hit even harder with the world expected to enter a technical industrial recession in 2025.
• Certain key pump consuming sectors such as power generation, oil & gas will have better prospects.
• However investment-led and interest-sensitive sectors are likely to see some of the weakest growth. For instance, the construction sector is expected to grow at the slowest pace since the global financial crisis.
• On a regional basis, we expect pump demand in the Middle East to grow at the strongest pace. Demand will be broad-based with the unwinding of OPEC+ cuts this year supporting demand from the oil & gas sector. At the same time, demand from the non-oil sector will be supported by strong activity in sectors such as construction. This is especially the case in Saudi Arabia, where diversification efforts led by projects such as Vision 2030 will boost pump demand.

Would like to purchase the full 2025 Global Pump Market Outlook report?

The 2025 Global Pump Outlook, now in its eighth edition, provides a comprehensive forecast of the global pump market, covering over 70 countries, more than 30 end-use sectors, and 5 pump categories. This report identifies key growth markets, potential laggards and risks to the outlook.

In addition to the PDF report, you will receive access to an interactive Tableau dashboard, allowing you to visually navigate insights and download the charts and data. Additionally, experts from our Industry Team will be available to answer any related questions.

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