The global pumps market was valued at $65 billion in 2025 and is projected to reach $88.36 billion by 2031, representing a 5.25% compound annual growth rate, or 5.2% on the report's rounded key-attributes table. Growth is being supported by water and wastewater infrastructure, industrial modernization, construction and renovation, and demand for energy-efficient pumping systems. Electric pumps accounted for about 65% of the market in 2025, while centrifugal pumps held the largest product share. Multistage pumps are forecast to grow fastest among stage types, at a 6.57% CAGR. Asia-Pacific represented more than 40% of the global market in 2025, with China the largest contributor and India the fastest-growing market. The fragmented industry is responding with smart pumps, variable-speed drives, digital dosing, predictive monitoring, acquisitions and expanded renewable-energy applications.