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Global Pump Market Size to Exceed USD 88.36 Billion by 2031 as Smart Pump Adoption Expands Across Industries – Arizton

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Global Pump Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast 2026–2031.

CHICAGO, July 29, 2026 /PRNewswire/ — According to Arizton’s latest research, the global pump market is projected to grow from USD 65 billion in 2025 to USD 88.36 billion by 2031, expanding at a CAGR of 5.25% during the forecast period. The market is driven by rising investments in water and wastewater infrastructure, industrial manufacturing, and energy-efficient pumping solutions. Increasing adoption of smart pumps and continued infrastructure development across key industries are creating new growth opportunities for pump manufacturers worldwide.

To Know More, Click: https://www.arizton.com/market-reports/pump-market-size-analysis

Browse in-depth TOC on the Global Pump Market

Pages- 276
Region- 5
Countries- 28
Company- 84
Segment-8

Global Pump Market Snapshot

Market Size (2031)

USD 88.36 Billion

Market Size (2025)

USD 65 Billion

CAGR (2025-2031)

5.25 %

Historic Year

2022- 2024

Base Year

2025

Forecast Year

2026-2031

Segments Covered

Operation Type, Product Type, Centrifugal Pump Stage Type, Reciprocating Pump Type, Rotary, End-User, Industrial, and Geography

Geographic Analysis

North America, Europe, APAC, Latin America, & Middle East & Africa

Strategic Growth Opportunities are Expanding Across the Global Pump Market

Infrastructure modernization and rising industrial investments are creating significant opportunities for the industrial pumps market by increasing demand for reliable and energy-efficient pumping systems across major end-use industries.Traditional industries, including chemicals, mining, and oil & gas, remain the primary demand-generating sectors, supported by capacity expansions, process optimization, and ongoing infrastructure upgrades.Emerging industries, such as semiconductor manufacturing, data centers, hydrogen production, and battery manufacturing, are generating new demand for high-performance pumps used in precision fluid handling, cooling, and advanced manufacturing processes.Stringent environmental regulations and increasing emphasis on water conservation are accelerating the adoption of energy-efficient pumps and advanced fluid management systems, helping industries improve operational efficiency, reduce energy consumption, and meet sustainability goals.The growing adoption of industrial automation and digitalization is driving demand for IoT-enabled pumps with predictive maintenance, remote monitoring, and smart diagnostics, enabling greater equipment reliability, reduced downtime, and optimized lifecycle costs.

View Free Report Sample: https://www.arizton.com/request-sample/5169

Energy Efficiency Is Becoming a Competitive Advantage

Energy efficiency is emerging as one of the strongest investment themes across the global pump market. Pumps account for a significant share of industrial electricity consumption, making operational efficiency a growing priority for industrial operators facing rising energy costs and stricter environmental regulations. As industries focus on reducing operating expenses while meeting sustainability targets, demand for high-efficiency pumps, intelligent pumping systems, and advanced motor technologies continues to grow. Manufacturers are responding through product innovation. In 2025, Wilo introduced the Wilo-Stratos GIGA2.0-I, a smart vertical in-line pump designed to improve energy efficiency and operational performance across HVAC and industrial applications.

Innovation Continues to Reshape the Competitive Landscape

Grundfos patented its next-generation DDA Smart Digital Dosing pump in 2025, designed to deliver precise and consistent chemical dosing while supporting more sustainable operations across industrial facilities, commercial buildings, and utilities.

Flowserve introduced the world’s first double hermetically sealed sealless magnetic drive pump in 2025. Featuring an independent secondary containment system, the innovation enhances operational safety and minimizes the impact of potential pump failures.

Shakti Pumps Limited approved an approximately USD 1.4 million equity investment in its subsidiary, Shakti Energy Solutions, in 2025. The investment supports the establishment of a DCR-compliant solar cell and module manufacturing facility in Pithampur, Madhya Pradesh, strengthening the company’s presence in the fast-growing solar pump market.

APAC Leads Global Demand While Europe Accelerates Smart Pump Adoption

Regional investment trends continue to reshape the global pump market. APAC accounted for over 40% of global revenue in 2025, supported by rapid industrialization and sustained investments in water infrastructure, irrigation, and urban development. China remains the region’s largest market, while India is emerging as one of the fastest-growing markets, backed by major government infrastructure programs, including PMAY, Jal Jeevan Mission, PMKSY, and AMRUT.

Meanwhile, the Europe pump market remains one of the world’s most advanced markets, supported by strict environmental regulations, ongoing industrial modernization, and continued investments in water infrastructure. Demand is growing as industries focus on improving energy efficiency, conserving water, and upgrading aging infrastructure across municipal, industrial, commercial, and residential sectors. As businesses seek to improve operational efficiency and reduce long-term operating costs, the adoption of advanced pumping systems with variable-speed drives, intelligent controls, and digital monitoring capabilities continues to grow.

Get detailed market forecasts, competitive benchmarking, and pricing trends: https://www.arizton.com/market-reports/pump-market-size-analysis

The Report Covers 84 Major Vendors in the Global Pump Market

Key Company Profiles

Grundfos Holding A/SXylem Inc.EBARA CorporationWILO SEFlowserve CorporationAlfa LavalBaker Hughes CompanyBosch RexrothCircor InternationalDesmiDoverFranklin ElectricGeneral Electric CompanyIDEXKirloskar Brothers LimitedKSB LimitedNikkisoPentairSLBSPX FLOW, Inc.Sulzer LtdThe Weir Group PLCTorishima Pump Mfg. Co., Ltd.Weatherford

Other Prominent Company Profiles

Atlas Copco ABArian PumpsAR North AmericaCNP India Private LimitedCP Pumpen AGDickow Pump CompanyGlobal PumpGorman-Rupp PumpHaight PumpsHERMETIC-PUMPENHCP Pump Manufacturer Co., Ltd.Ingersoll Rand Inc.IWAKI AmericaJetox Motor PumpsKlaus UnionKracht Corp.MasdafMarzocchi Pompe S.p.A.Naniwa Pump MfgNetzschNorm Hydrophore PumpPRORILPumpportRoper PumpsRoth PumpsRuthrpumpenRyan Herco Flow SolutionsSahinler Submersible PumpsSamsun Makina SanayiSEKOSEMPAShakti Pumps Ltd.Sumak PumpsSummit PumpsSundyneTark Inc.Teikoku Electric Mfg. Co., Ltd.Vaughan CompanyVestapumpWPIL LimitedDanfossWEGZhejiang Doyin Technology Co. Ltd.Zoeller Pump CompanyMoogRoto pumpsJyotiAqua GroupAngle PumpsLubi Industries LLPC.R.I. Pumps Private LimitedBestenDeccan IndustriesDover India Pvt. LTD.Duke Pumping Solutions Private LimitedEkki Water TechnologiesEllen GroupEndura PumpsHavellsJasco Pumps Pvt. LTD.

The Pump Market Size, Share & Trends Analysis Report By

Operation Type: Electrical and MechanicalProduct Type: Centrifugal Pump, Reciprocating Pump, and Rotary PumpCentrifugal Pump Stage Type: Single-Stage and Multi-StageReciprocating Pump Type: Piston And DiaphragmRotary: Gear, Screw, Lobe, Vane, and Other Rotary PumpsEnd-User: Industrial, Agricultural, Commercial, and ResidentialIndustrial: Water & Wastewater, Chemical, Food & Beverage, Power, Oil & Gas, Pharmaceutical, Mining, and Other Industrial SegmentGeography: North America, Europe, APAC, Latin America, and Middle East & Africa

What Key Findings Will Our Research Analysis Reveal?

What is the growth rate of the global pump market?How big is the global pump market?What are the key trends in the global pump market?Which region dominates the global pump market?Who are the major players in the global pump market?

Some of Our Top Selling Market Reports

Europe Pump Market Research Report 2026-2031
https://www.arizton.com/market-reports/europe-pump-market

Global Pool Heat Pump Market Research Report 2025–2030
https://www.arizton.com/market-reports/pool-heat-pump-market-size-analysis

About Us: 
Founded in 2017, Arizton Advisory & Intelligence delivers data-driven market research and strategic consulting that empowers clients to make informed decisions and drive growth. Combining quantitative and qualitative insights, we provide in-depth analysis across industries including Agriculture, Consumer Goods, Technology, Automotive, Healthcare, Data Centers, and Logistics. Recognized by top-tier media, our expert team transforms complex market data into actionable strategies, helping clients anticipate trends, seize opportunities, and stay ahead of the competition.

Contact Us                                   
Mail: enquiry@arizton.com
Contact Us: https://www.arizton.com/contact-us 
Website: https://www.arizton.com/
Call: +1 312-680-2940

 

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China’s Long March: The Journey Goes On

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MACAO, Oct. 21, 2026 /PRNewswire/ — This is a report from Xinhua News Agency:

There is a chapter of history every Chinese child learns in school.

There is a poem that generations of Chinese people have learned by heart.

There is a song millions can sing from its very first notes.

In stories, in verses, in melodies, they all point to the same chapter of history: the Long March.

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SOURCE Xinhua News Agency

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Target Makes it Easier for Guests to Discover Stylish Holiday Gifts They Can’t Wait to Give

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Target is offering more than 8,000 new gifts, with more than half exclusive to the retailerMost new holiday items at Target are $20 or less, including thousands $5 and underNew AI-powered shopping experiences, daily deals and early Black Friday savings simplify gifting

MINNEAPOLIS, Oct 21, 2026 /PRNewswire/ — Target Corporation (NYSE: TGT) is putting gifting at the heart of the holidays, bringing guests more than 8,000 new stylish gifts they can’t wait to give. More than half of the new assortment is available only at Target, with thousands of gifts priced at $5 and under. New AI-powered shopping experiences, fresh ways to discover gifts and deals throughout the season will make it easier for guests to find something special for everyone on the list.

“This holiday season, guests will see and feel the changes we’ve been making across Target, bringing together the style, design and value they expect from us with an experience that makes shopping easier and more inspiring,” said Michael Fiddelke, chief executive officer, Target. “We know guests turn to Target for gifting, gathering and everything in between, and our team is ready to help busy families discover more joy in those moments throughout the season.”

Stylish gifts at an incredible value
As consumers continue to look for affordable ways to give gifts that feel special, Target is leaning into one of the season’s biggest trends: luxe-for-less gifting. This year’s assortment includes 100% cashmere (excluding functional trim) starting at $25, pajamas for all from $10, festive decor from $5, faux fur throws at $30, top toys from LEGO, Barbie and Nintendo, new and exclusive gifts from prestige, emerging and global beauty brands at Target Beauty Studio, nostalgic sweet treats and host gifts from Favorite Day and exclusive finds for sports and wellness fans, making it easy for guests to find gifts that feel elevated at every price point.

“Guests tell us they want to give gifts that are thoughtful and personal, while feeling good about what they’re spending,” said Cara Sylvester, executive vice president and chief merchandising officer, Target. “That’s why we’ve brought together the brands they love, exciting trends and unexpected finds they won’t see anywhere else — all at prices that make it easier to get that ‘I can’t wait to give this’ gift.”

More ways to discover the perfect gift
New this season, Ask Target, an AI-powered shopping assistant available in beta on Target.com and the Target app, helps guests find inspiration, narrow their choices and shop with confidence and ease. Additional AI-powered features and a digital holiday kids catalog offer more ways to discover gifts for everyone on the list.

Target’s new Academy of Giftology holiday marketing campaign, launching in November, will tackle familiar gifting dilemmas with playful inspiration to help guests gift it their all and find gifts they’ll be excited to give.

More ways to save, from the first gift to the last
Beginning Nov. 1, guests can shop a new Deal of the Day every day through Dec. 24, with a first-ever one-day preview of upcoming offers to help them plan ahead. Early Black Friday deals run Nov. 5–7, followed by new limited-time offers every weekend throughout the holiday season.

The joy of gift giving
Through Target’s partnership with St. Jude Children’s Research Hospital, guests can give a gift that helps give back with the Gigglescape St. Jude bear, with a donation tied to each purchase while supplies last.

About Target
Target Corporation (NYSE: TGT) brings together style, design and value to offer a distinct assortment and elevated shopping experience across more than 2,000 U.S. stores and online. Powered by more than 400,000 team members, Target serves millions of families each week and invests in the communities where they live and work to support growth and opportunity for all.

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SOURCE Target Corporation

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illumend CEO: Building a COI Tracker with AI Is Easy. Verifying Insurance Compliance Is Not.

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Kristen Nunery warns that homegrown Certificate of Insurance tracking tools can create a false sense of security when businesses mistake collecting insurance documents for verifying coverage and compliance

INDIANAPOLIS, Oct. 21, 2026 /PRNewswire/ — As general-purpose artificial intelligence (AI) makes it easier for businesses to build their own software, Kristen Nunery, founder and CEO of illumend, is warning construction and property management companies against a costly misconception: that building a Certificate of Insurance (COI) tracking system is the same as verifying that contractors and other third parties have the insurance coverage their contracts require.

In her new article, “You Can Build a COI Tracker with AI. That Doesn’t Mean You Should,” Nunery explains that general-purpose AI tools such as ChatGPT can help businesses create applications that collect certificates, track expiration dates, and automate reminders. But those capabilities address only part of the insurance compliance process. Determining whether coverage satisfies contractual requirements involves interpreting insurance documents, reviewing endorsements, identifying exclusions and resolving discrepancies that basic tracking software may overlook.

“AI has democratized the ability to build software. It hasn’t democratized the expertise to make the right insurance decision,” said Nunery, who has spent 16 years in insurance compliance. “If you don’t have a compliance process today, you’re not automating a process. You’re automating your best guess.”

Why a COI Tracker Is Not an Insurance Compliance Verification System

According to Nunery, the critical distinction is between tracking the existence and expiration of insurance documents and verifying whether the underlying coverage meets contractual obligations.

A homegrown COI tracker may confirm that a certificate is current, record policy limits, and flag missing documents. But a current certificate does not necessarily mean a contractor is adequately insured or compliant with an agreement’s terms.

For example, a subcontractor may submit a certificate showing sufficient general liability limits and additional insured status. Yet the underlying endorsement may be a CG 20 10 covering ongoing operations only, while the contract also requires completed-operations coverage under a CG 20 37 or equivalent endorsement. A basic tracker could mark the subcontractor as compliant despite the missing coverage.

“The tracker didn’t misread anything,” Nunery said. “It never had the contract requirement, the endorsement language, or the connection between the two.”

Other potential gaps include incorrectly named insured entities, missing endorsements, inadequate completed-operations coverage, and policy provisions that fail to satisfy contractual insurance requirements. Identifying these issues requires evaluating insurance evidence in context, not simply extracting data from a certificate.

Why Insurance Compliance Verification Requires Specialized Technology

Nunery argues that businesses seeking to move beyond basic COI tracking need technology designed specifically for insurance compliance verification, with insurance expertise embedded in how the system evaluates coverage.

Unlike homegrown tracking tools, specialized compliance platforms such as illumend compare insurance documents against established contractual requirements, examine supporting endorsements, identify coverage gaps, and explain findings that require attention.

This approach powers Lumie, illumend’s specialized AI-powered insurance compliance expert. Lumie reviews certificates and endorsements against established requirements, flags potential deficiencies and provides supporting evidence for its determinations, while allowing compliance professionals to review and resolve exceptions.

“AI should do more than flag a problem. It should show you what it found, which requirement it evaluated, and the evidence behind its assessment,” Nunery said. “Lumie applies insurance expertise at scale and creates a clear record of its findings, so teams can act on routine determinations efficiently and focus their attention on exceptions that need a closer look.”

Nunery’s perspective draws on her experience building myCOI, whose technology has reviewed more than 45 million insurance documents and identified more than 2 million coverage gaps before they became claims, according to company figures.

Build a COI Tracker or Buy a Compliance Platform? The Questions Businesses Should Ask

For organizations considering building their own COI software, Nunery recommends first determining whether they need a document-tracking application or a comprehensive insurance compliance verification system.

Basic tracking needs may be addressed with spreadsheets, conventional software, or applications built with general-purpose AI. But verifying compliance requires substantially more: translating contractual insurance requirements into rules, reviewing endorsements and policy evidence, identifying exceptions, documenting decisions, and maintaining an auditable compliance process.

Businesses must also consider who will keep insurance requirements current, validate the system’s determinations, investigate discrepancies, and maintain the records needed to support compliance decisions during claims or audits.

“Building the software happens once,” Nunery said. “Running a compliance system means keeping requirements, evidence, follow-ups, decisions and the audit trail current, every day it’s in use.”

To read Nunery’s full article, visit https://www.illumend.ai/evaluation-buying/build-vs-buy-coi-tracking-software-ai

About illumend
Founded in 2025, illumend™ is the AI-powered platform redefining how businesses manage third-party insurance compliance and risk. Backed by myCOI, the leader in third-party insurance compliance management with more than 16 years of expertise, illumend reimagines compliance by guiding every step of the process—from document review and expiration tracking to risk flagging, communication, and resolution—within one intuitive system. Built on myCOI’s institutional foundation—having processed more than 45 million documents, managed over 1.2 million agreements, cleared more than 750,000 third-party partners, and identified more than two million coverage gaps before claims—illumend brings this depth of compliance intelligence into an AI-native platform. At its core is Lumie, illumend’s conversational AI guide that reads complex insurance documents, flags issues in real time, and explains them in language anyone can act on. To learn more, visit https://www.illumend.ai.

Media contact:
Michael Tebo
Gabriel Marketing Group (for illumend)
Phone: 571-835-8775
Email: michaelt@gabrielmarketing.com

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SOURCE illumend

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