Recent Release | 11 Jul 2023

Global Pump Market Outlook

Industry Services Team

Oxford Economics

The Global Pump Outlook contains data and forecasts (2023 to 2027) on the usage of pumps by country and end-user industry. It contains analysis of the economic drivers of pump usage and how they are projected to change in the future.

In the seventh annual market report commissioned by Europump and the Hydraulic Institute, Oxford Economics investigates how the usage of pumps has increased recently and is forecast to change in the future. It analyses how usage has been impacted by the increase in inflationary pressure, the rises in interest rates, and slowdown in global growth in 2022H2 and 2023. It looks forward to see how rapidly demand is forecast to recover out to 2027.

Pump consumption is analysed by global region and the 34 largest using countries. The report reveals the countries and regions where demand has been growing the most rapidly and how growth rates are forecast to change out to 2027.

The report also examines how demand for pumps has changed from the perspective of different end-user industries. It explores the economic drivers of usage in the water and waste water, oil and gas, power generation, and other major user industries. The detailed analysis reviews industry-specific and broader macroeconomic developments as they impact each end user industry’s usage. The forecasts show how we expect demand for pumps from each end-user industry to change out to 2027 and reviews the major factors behind those projections.

The report then digs deeper, looking at the usage of different type of pumps. It reviews how demand for each type has changed and is forecast to evolve in the future.

The expert behind the research

Our Industry Team analyses and forecasts industries’ performance. They combine their expert insight with our state-of-the-art economic models and tools to answer the crucial questions facing our clients. Lead consultants on the project were: