From GlobeNewswire: 2025-06-28 10:00:00

The global Water Pump Market was valued at USD 67.85 billion in 2024 and is projected to reach USD 95.08 billion by 2032, with a CAGR of 4.36%. Growth in urban water infrastructure investment and irrigation systems worldwide will drive market growth, driven by the demand for energy-efficient pumping solutions to combat water scarcity in agriculture, industrial, and residential sectors.

In the U.S., the water pump market size was valued at USD 21.67 billion in 2024 and is expected to reach USD 19.99 billion by 2032, with a CAGR of 5.59% over the forecast period.

Centrifugal pumps dominate the market, generating the highest revenue share of 65.22% in 2024. They are widely used in industry, agriculture, and water treatment processes due to their simplicity, high efficiency, and large pumping capacities.

The agriculture sector holds the largest share of the water pump market in 2024, driven by the need for water-conserving and efficient irrigation systems to achieve higher yields and sustainability.

North America is expected to register a steady CAGR of 5.95%, with a strong regulatory environment supporting demand for energy-efficient and smart pump adoption, as well as infrastructure upgrades in Canada.

The Asia Pacific region accounted for the largest revenue share in the water pump market, driven by urbanization, agricultural modernization, and infrastructure projects in China, India, and Southeast Asia. Governments are investing in urban water and sewer systems, leading to market growth.

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