Electric Pumps Market Size (2025-2030)

The Global Electric Pumps Market was valued at USD 49.3 billion in 2024 and will grow at a CAGR of 6.8% from 2025 to 2030. The market is expected to reach USD 73.16 billion by 2030.

Electric pumps are essential devices used to move fluids using electrical energy across applications such as water and wastewater management, agriculture, industrial processing, and oil and gas operations. Their efficiency, compact design, and ease of control have made them a preferred choice over conventional mechanical pumps. With increasing urbanization, industrial automation, and the global push toward energy-efficient systems, the adoption of electric pumps has expanded significantly. Governments and industries are emphasizing energy savings and sustainability, leading to the integration of smart electric pump systems equipped with sensors, variable frequency drives (VFDs), and IoT connectivity. This market is also witnessing strong growth in developing economies where water management and irrigation modernization are prioritized.

Key Market Insights:

Centrifugal pumps hold the largest market share, contributing to more than 45% of total sales in 2024.

Rapid infrastructure development in Asia-Pacific is significantly boosting demand for electric pumps in water management and construction applications.

The oil and gas industry’s transition to electrically powered systems to reduce emissions has supported pump modernization.

IoT-enabled and variable speed electric pumps are emerging as key technological advancements, improving efficiency and reducing operational costs.

Electric submersible pumps are witnessing growing adoption in groundwater extraction and wastewater treatment facilities.

Renewable energy integration in pumping systems, especially solar-powered electric pumps, is expanding across agricultural sectors.

Key players are focusing on mergers, acquisitions, and smart technology development to strengthen their global footprint and offer customized solutions.

Global Electric Pumps Market Drivers:

Growing Demand for Water and Wastewater Management Solutions is driving the market growth
One of the primary drivers of the electric pumps market is the increasing global demand for efficient water and wastewater management systems. With urbanization and industrial growth, the volume of wastewater generated has risen exponentially, requiring effective treatment and distribution systems. Electric pumps play a crucial role in this infrastructure, ensuring consistent fluid transfer, pressure maintenance, and sewage circulation. Municipalities and industries are increasingly adopting electric pumps to enhance water recycling efficiency and minimize environmental impact. Furthermore, government initiatives supporting smart city projects and clean water access are driving public investment in electric pumping systems. In agriculture, electric pumps facilitate efficient irrigation, reducing water wastage and enhancing crop yields, particularly in drought-prone regions. The introduction of solar-powered and energy-efficient electric pumps further contributes to this trend, addressing sustainability challenges while reducing dependency on fossil fuels. As environmental regulations tighten globally, industries are expected to replace outdated mechanical systems with electric alternatives, supporting long-term market expansion.

Technological Advancements in Energy-Efficient Pumping Systems is driving the market growth
The rapid advancement of technology in electric pumping systems has become a major growth catalyst. Manufacturers are developing high-efficiency pumps integrated with variable frequency drives (VFDs), smart sensors, and digital control systems that optimize performance based on real-time operational conditions. These smart electric pumps can automatically adjust speed and power consumption, leading to significant energy savings. Moreover, the integration of the Internet of Things (IoT) enables remote monitoring and predictive maintenance, reducing downtime and operational costs. Technological innovation is also focusing on improving the durability and lifespan of pumps, using materials that resist corrosion and handle varying fluid viscosities. The rise of automation and Industry 4.0 has led to higher demand for connected and self-regulating pumping solutions across industrial and commercial sectors. Furthermore, energy efficiency policies and global efforts to curb carbon emissions have encouraged end-users to adopt electric pumps that align with sustainability goals. This transition toward intelligent, eco-friendly pump technologies is expected to propel the market significantly through 2030, ensuring both economic and environmental benefits.

Global Electric Pumps Market Challenges and Restraints:

High Initial Costs and Maintenance Requirements is restricting the market growth
Despite the growing adoption of electric pumps, high initial costs and maintenance requirements continue to restrain market growth. The integration of smart technologies, IoT features, and high-quality materials in electric pumps increases their upfront cost compared to traditional mechanical systems. For small-scale industries and agricultural users in developing economies, this cost factor poses a major barrier to adoption. Moreover, maintenance of electric pumps—especially high-capacity models used in industrial applications—requires skilled technicians and periodic system checks, adding to operational expenses. Issues such as motor overheating, vibration, and electrical faults can further lead to unexpected downtimes and repair costs. In areas with inconsistent power supply, the dependency on stable electricity also becomes a limitation, necessitating the use of power backup systems. Additionally, fluctuations in raw material prices, particularly metals and electronic components, have affected manufacturing costs. While long-term operational savings offset some of these expenses, the high initial investment remains a deterrent for cost-sensitive markets. Manufacturers must therefore focus on offering modular and affordable pump systems, as well as financing and leasing models, to enhance accessibility and sustain long-term market growth.

Market Opportunities

The electric pumps market presents significant opportunities across multiple sectors due to global industrialization, digitalization, and the shift toward sustainable technologies. One of the most promising areas of growth is the adoption of electric pumps in renewable energy-driven applications, particularly solar-powered irrigation systems. These pumps are increasingly being used in agriculture to improve water utilization efficiency while reducing dependence on fossil fuels. Additionally, the ongoing modernization of water and wastewater treatment infrastructure across emerging economies such as India, Brazil, and Indonesia creates vast opportunities for electric pump manufacturers. The integration of smart pumping systems equipped with IoT and artificial intelligence offers potential for predictive maintenance and real-time monitoring, making operations more efficient and cost-effective. Another major opportunity lies in industrial automation, where electric pumps are essential for fluid transfer, chemical processing, and manufacturing operations. The global push toward carbon neutrality is driving industries to replace diesel-powered systems with clean, electric alternatives. This transition is being supported by government incentives, subsidies, and stringent emission regulations, especially in the European Union and North America. The expansion of the oil and gas sector, alongside growth in the construction industry, further enhances demand for high-capacity electric pumps. Moreover, advancements in material science and 3D printing are allowing manufacturers to design lightweight, corrosion-resistant components that extend equipment life and reduce maintenance costs. The growing adoption of electric submersible and centrifugal pumps in mining, residential water supply, and smart building systems will also play a pivotal role in market expansion. With increased investment in research and innovation, manufacturers are expected to develop customized and application-specific electric pumps that cater to unique industrial demands. As digital transformation continues to accelerate, the combination of efficiency, connectivity, and sustainability will create vast growth potential for the electric pumps market through 2030.

ELECTRIC PUMPS MARKET REPORT COVERAGE:

Electric Pumps Market Segmentation:

Electric Pumps Market Segmentation By Type:

• Centrifugal Pumps
• Positive Displacement Pumps
• Submersible Pumps

Centrifugal pumps dominate the market, accounting for the largest share in 2024 due to their versatility and efficiency in transferring fluids across industrial, agricultural, and municipal applications. Their design simplicity, low maintenance, and adaptability to varying flow conditions make them ideal for continuous operations. As industries modernize and focus on reducing energy consumption, advanced centrifugal electric pumps with improved motor efficiency and corrosion resistance are increasingly being adopted, cementing their dominance through the forecast period.

Electric Pumps Market Segmentation By Application:

• Water and Wastewater
• Agriculture
• Industrial
• Residential
• Oil and Gas

The water and wastewater segment holds the leading market position, driven by the rising global focus on water conservation and sanitation infrastructure development. Electric pumps are essential for water supply networks, sewage treatment, and desalination plants, ensuring consistent and energy-efficient operations. Government projects aimed at improving rural and urban water access, coupled with growing investments in wastewater recycling and desalination facilities, are reinforcing the dominance of this segment in the global market.

Electric Pumps Market Regional Segmentation:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa

Asia-Pacific dominates the global electric pumps market, fueled by rapid industrialization, urban expansion, and agricultural mechanization. Countries like China, India, and Japan are witnessing strong demand for water management systems and irrigation technologies, supporting large-scale electric pump adoption. Government initiatives promoting rural electrification and sustainable agriculture further enhance regional growth. In addition, industrial development and infrastructure projects in Southeast Asia are driving high-volume procurement of electric pumps for construction and energy applications. The region’s growing manufacturing base and expanding consumer markets make Asia-Pacific the fastest-growing and most influential region in the global electric pumps industry.

COVID-19 Impact Analysis on the Electric Pumps Market

The COVID-19 pandemic had a mixed impact on the electric pumps market, initially disrupting supply chains and slowing manufacturing activity due to lockdowns and trade restrictions. During the early stages of the pandemic in 2020, global production of electric pumps was hampered by labor shortages, raw material delays, and reduced industrial output. However, the market began recovering rapidly in 2021 as the demand for essential services like water treatment, healthcare, and agriculture surged. The pandemic highlighted the critical importance of reliable water supply and sanitation infrastructure, prompting increased investment in electric pump installations across both municipal and private sectors. Additionally, the crisis accelerated digital transformation, leading to the adoption of remote monitoring and predictive maintenance technologies in pumping systems. This shift allowed industries to maintain operations while minimizing human intervention. The agricultural sector benefited from government stimulus programs promoting food security and irrigation improvements, which boosted demand for electric pumps. Conversely, some industrial and construction projects faced delays, temporarily impacting commercial pump sales. Post-pandemic, the market has witnessed a strong rebound, driven by infrastructure investments, manufacturing recovery, and sustainability initiatives. Companies have focused on building resilient supply chains, increasing local production, and integrating automation into manufacturing processes. The emphasis on clean energy and energy-efficient equipment has further strengthened market recovery. As economies reopen and water infrastructure projects resume, the electric pumps market is expected to experience steady growth through 2030, underpinned by increased awareness of sustainability and operational reliability.

Latest Trends/Developments

The electric pumps market is undergoing significant transformation, shaped by technological innovation and the global focus on sustainability. One of the most prominent trends is the rise of smart and connected pumping systems equipped with IoT sensors, data analytics, and AI-driven diagnostics. These technologies enable real-time monitoring, predictive maintenance, and energy optimization, helping industries minimize downtime and improve performance efficiency. The integration of variable frequency drives (VFDs) is another major development, allowing pumps to adjust operational speed based on fluid demand and thereby reduce power consumption. Manufacturers are increasingly focusing on energy-efficient designs and the use of eco-friendly materials to meet environmental regulations. Solar-powered electric pumps are gaining traction, especially in agricultural and rural water applications, due to their cost-effectiveness and low carbon footprint. Another trend is the growing demand for compact and modular pump systems suitable for smart cities and residential use, reflecting the global movement toward urban sustainability. The industrial sector is also witnessing advancements in heavy-duty electric pumps for oil, gas, and chemical applications, featuring improved corrosion resistance and higher flow rates. Companies are investing in research and collaborations to develop next-generation pumps capable of handling extreme conditions and viscous fluids. Additionally, digital twin technology is being introduced to simulate pump performance and optimize system efficiency before deployment. Sustainability commitments and decarbonization targets are encouraging industries to replace fossil-fuel-driven pumps with fully electric models. As the world transitions toward clean energy solutions, the convergence of digitalization, automation, and green technology is setting new benchmarks for performance and reliability in the electric pumps market.

Key Players:

1. Grundfos
2. Xylem Inc.
3. Flowserve Corporation
4. Sulzer Ltd.
5. Ebara Corporation
6. KSB SE & Co. KGaA
7. Wilo SE
8. Pentair Plc
9. ITT Inc.
10. Franklin Electric Co. Inc.
11. Tsurumi Manufacturing Co. Ltd.
12. Atlas Copco AB
13. Weir Group PLC
14. SPX Flow Inc.
15. Kirloskar Brothers Limited

Market News:

• On October 30, 2025, MHI Thermal Systems launched two new models of its "Hydrolution EZY" series of air-to-water (ATW) heat pumps for the European market, utilizing R290 (propane), a natural refrigerant with a very low environmental impact.
• On June 23, 2025, PSG, an operating company of Dover Corporation, acquired ipp Pump Products, a specialized manufacturer of sanitary pump technologies (hygienic lobe, progressive cavity, and other processing equipment) headquartered in Germany, expanding its portfolio for food and beverage, pharmaceuticals, and other hygienic applications.
• In April 2025, Havells India announced a USD 70.49 million investment to acquire up to a 9.24% stake in Goldi Solar, a solar module manufacturer, as a strategy to secure a reliable solar cell and module supply and expand its presence in the renewable energy market, which includes solar pumps.
• In July 2025, Shakti Pumps Limited approved an approximately USD 1.4 million equity investment in its subsidiary, Shakti Energy Solutions, to bolster its expansion into solar cell and module manufacturing, strengthening its position in the growing solar pump segment in India.
• In February 2025, Grundfos introduced the MIXIT HVAC solution and IE5 pump systems at ACREX India, a move designed to enhance energy efficiency in data centers and district cooling systems.