Mechanical Pump Market Size, Trends and Growth Analysis by 2027

The global mechanical pump market is projected to expand significantly, increasing from US$ 49,639.6 million in 2021 to US$ 72,732.2 million by 2028. This growth represents a compound annual growth rate (CAGR) of 5.6% over the period from 2021 to 2028.

A mechanical pump is defined as a device that utilizes mechanical action to transport fluids, which can include liquids, gases, and slurries. These pumps are categorized based on their operational mechanisms, yet they all fundamentally rely on the principle of energy consumption to facilitate fluid movement through mechanical means. The demand for mechanical pumps is primarily driven by eight key industries: coal, fertilizers, oil and gas, refinery products, steel, cement, and electrical sectors. Additionally, agriculture and construction services represent significant end-use markets, particularly in emerging economies such as India and China. Major players in the mechanical pump sector are concentrating on delivering high-quality products at competitive prices. A crucial factor for success in the global landscape is the establishment of a robust brand presence and the expansion into new geographical markets.

The mechanical pump market can be segmented based on several criteria: stage, type, application, and geography. In terms of stage, the market is divided into single stage and multi stage pumps. When categorized by type, the market includes positive displacement and centrifugal pumps. Applications of these pumps are classified into residential, commercial, and industrial sectors. Furthermore, the geographical segmentation encompasses North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Impact of COVID-19 Pandemic on Mechanical Pump Market

The Asia Pacific (APAC) region, characterized by numerous developing nations, a strong industrial base, and a favorable economic outlook, is witnessing substantial growth opportunities for mechanical pump manufacturers. The rapid urbanization and industrialization in APAC countries are contributing to this trend. The adoption of advanced technologies, including the Industrial Internet of Things (IIoT) across various industrial sectors, along with increasing safety regulations in countries like India, Japan, and China, is further driving the demand for mechanical pumps in the region.

However, the COVID-19 pandemic has severely impacted the manufacturing sector, leading to significant disruptions in supply chains. This situation resulted in a shortage of essential raw materials needed for the production of mechanical pumps, particularly since many key suppliers are based in China and Taiwan. Additionally, the ongoing trade tensions between the United States and China have adversely affected the trade of raw materials and the overall demand for mechanical pumps. The scarcity of these materials has also led to rising prices, consequently increasing the manufacturing costs of mechanical pumps.

Despite these challenges, the demand for mechanical pumps in the Asia Pacific market remains strong, driven by the growing need for power generation in countries such as India, Japan, and Indonesia. The integration of IoT technologies, which enable mechanical pumps to monitor, analyze, and enhance productivity, is expected to positively influence market growth.

The overall size of the mechanical pump market has been determined through a combination of primary and secondary research methodologies. The research process commenced with extensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. This approach also aimed to provide a comprehensive overview and forecast of the mechanical pump market across all segments. Furthermore, primary interviews were conducted with industry stakeholders and experts to validate the data and gain deeper analytical insights. Participants in this research included industry professionals such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the mechanical pump sector.

Some of the prominent players in the mechanical pump market include EBARA CORPORATION, Grundfos Holding A/S, KIRLOSKAR BROTHERS LIMITED, KSB SE and Co. KGaA, PLEUGER INDUSTRIES, Sulzer Ltd, The Weir Group PLC, Tsurumi Manufacturing Co., Ltd., WILO SE, and Xylem Inc. These companies are profiled in detail within this report.