This page analyzes the global market share, industry ranking and market size of the pumps industry. It also provides an overview of global pump manufacturers such as Grundfos, ITT, Flowserve, Wilo, KSB, Suzler, Ebara, Weir Group and Nikkiso.
Market share
The market shares can be estimated using the pump segment revenue of each pump company in 2021 relative to the overall market size estimated in the following section.
On that basis, Grundfos Holding appears to be the global market leader, followed by Flowserve Corporation and Weir Group.
Pump Company Market Share and Industry Ranking in 2021
| Ranking | Compnay | Market Share |
|---|---|---|
| No1 | Grundfos Holding | 7.0% |
| No2 | Flowserve Corporation | 4.1% |
| No3 | Weir Group | 3.1% |
| No4 | Wilo | 2.9% |
| No5 | Ebara Corporation | 2.8% |
| No6 | KSB | 2.7% |
| No7 | Kawasaki Heavy | 2.4% |
| No8 | Shanghai Kaiquan Pump | 1.6% |
| No9 | IDEX Corporation | 1.5% |
| No10 | ITT Corporation | 1.4% |
| No11 | Nikkiso | 1.3% |
| No12 | Ingersoll-Rand | 1.3% |
| No13 | Sulzer Limited | 1.1% |
| No14 | Roper Technologies | 0.8% |
| No15 | Fujikoshi | 0.8% |
In first place is Grandfoss of Denmark, which has been the industry leader in pump-related acquisitions since the 2000s.
In the second place is Flowserve in the U.S., which is expanding its pump business from the perspective of fluid control.
In the third place is the Weir Group, which is strong in exhaust pumps in the United Kingdom.
In the fifth place is Ebara Corporation in Japan.
In terms of Chinese pump makers, Shanghai Kaiquan Principal is in the top ten.
Market Size
Based on third-party market research data laid out below, DealLab estimates the global market size was worth $61.6 billion in 2021. The data used for reference is as follows.
According to research firm Grand View Research, the global market size of the industrial pumps industry will be $61.6 billion in 2021, and is expected to grow at a CAGR of 4.9% through 2030.
What is a pump？
A pump is a general term for a device that adjusts the speed and pressure of a liquid coming in from the inlet and sends it to the outlet. For example, a pump is used in a fire hydrant to adjust the pressure of the water so that firefighting can be done effectively. Pumps are broadly classified into positive displacement pumps and non-positive displacement pumps. They are also divided into hydraulic pumps, pneumatic pumps, and electric pumps according to the method of pressure transmission.
Overview of pump manufacturers
ITT
ITT’s ancestral business was a telecommunications company that was created in 1920 as International Telephone & Telegraph. In the course of strategy development, the company acquired Sheraton Hotels and Hartford Life Insurance, and later spun off to become a manufacturer of industrial equipment such as brake pads, shims, shock absorbers, pumps, and connectors. Pumps are sold under the Goulds Pumps brand. Xylem, a water treatment equipment company, was also spun off from ITT and is listed on the New York Stock Exchange.
Flowserve
Flowserve was founded in 1997 through the merger of BW/IP and Durco International, two leading fluid equipment manufacturers, and strengthened its business through the acquisition of IDP, a leading pump manufacturer, in 2000, and SIHI Group, a leading Italian manufacturer of vacuum and fluid pumps, in 2014.
KSB
KSB is a long-established, comprehensive pump manufacturer based in Germany, founded in 1871. The company is a family-owned company and its shares are not publicly traded.
Sulzer
Sulzer is a long-established Swiss machinery manufacturer founded in 1834. Sulzer Pumps is the company’s pump business. Renova Group, a Russian investment company, is the largest shareholder.
Grundfos
Grundfos is a leading industrial pump manufacturer based in Denmark. Grundfos specializes in pumps for water treatment. The company offers centrifugal pumps, single-suction pumps, coolant pumps, submersible pumps, metering pumps, and circulation pumps for heating, air conditioning, water supply, industrial, chemical dosing, sterilization, and miscellaneous drainage applications. The company acquired Hilge GmbH, a German pump manufacturer in 2004, Alldos International AG, a Swiss company; in 2005, Tesla, Srl, an Italian company in 2005, PACO Pumps, a North American manufacturer of pumps for HVAC applications, in 2007. It sold Hilge GmbH, a manufacturer of pumps for the food and beverage industry, to GEA, a German company.
Ingersoll-Rand
Ingersoll-Rand is a U.S.-based industrial equipment manufacturer founded in 1871, which merged with Gardner Denver, a manufacturer of industrial machinery such as vacuum pumps and compressors, in 2020. Prior to the merger, the HVAC business was spun off as Train Technologies. In the past, Ingersoll Rand has been home to some of the top companies in their respective fields, such as Allegion for locks and Hasman for refrigerated showcases (sold to Panasonic in 2015). The company is also strong in the field of compressors and air tools and refrigeration equipment for transportation.
Roper Technologies
Roper Technologies manufactures applications for access control, SaaS services for fire insurance, construction estimating software, truck space and cargo load brokerage services, control equipment, flow management, radio frequency products, precision rubber and polymer testing equipment and data analysis software, and specialty pumps.
Gorman-Rupp
Gorman-Rupp is a North American based pump manufacturer founded in 1934. The company manufactures pumps for use in water, wastewater, construction, dewatering, industrial, petroleum, original equipment, agricultural, fire protection, heating, ventilation, air conditioning, military, and other liquid handling applications.
Ebara
Ebara Corporation, established in 1912, is one of Japan's leading comprehensive pump manufacturers, and in 2020 acquired Vansan, a leading deep-well motor pump manufacturer in Turkey, with the aim of expanding its business in Europe, the Middle East, and Africa. compressor business is operated globally by our subsidiary Elliott. EBARA's position in Japan is so solid that it is said that one out of every three faucets turned on in Japan uses EBARA pumps.
Nikkiso
Nikkiso is a major pump manufacturer based in Japan. The company manufactures leak-free pumps, metering pumps, high-speed centrifugal pumps, dialysis machines, and artificial pancreas equipment.
Wilo Group
Wilo’s ancestral business is the copper and brass manufacturing business established in 1872. Today, it provides pumps and pumping systems for the water management and industrial sectors. The company is based in Germany and Wilo-Foundation owns approximately 90% of the shares.
Weir
Weir is a leading and well-established pump manufacturer based in Scotland, UK, founded by the Weir brothers in 1871. The company’s strength lies in slurry pumps, displacement pumps and abrasive rolls used in the mining and oil sands markets. The company is listed on the London Stock Exchange.
