The global industrial pumps market is projected to reach USD 100.76 billion by 2032, with a CAGR of 4.9% from 2022 to 2032. The Indian market is also expected to grow, reaching USD 1140.5 million by 2028 with a CAGR of 4.8%.
Centrifugal pumps remain the dominant type, accounting for about 64.3% of the industrial pumps market share in 2022
The Asia-Pacific region was a significant contributor to market revenue in 2022, accounting for over 47.3%.
Growth drivers include ongoing infrastructure development projects, increasing demand for water and wastewater management, and expanding industrial production, notes SkyQuest Technology.
