Pump Casting Market size is estimated to be USD 5.3 Billion in 2024 and is expected to reach USD 8.1 Billion by 2033 at a CAGR of 5% from 2026 to 2033.
The global Pump Casting Market size was valued at USD 5.2 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030. This growth is attributed to the increasing demand for efficient, durable pump components across various industrial applications, including water management, oil & gas, and power generation. The demand for high quality castings for pumps is driven by the growing need for water and wastewater treatment, industrial process pumps, and chemical pumps, where reliability and longevity are crucial. Regional expansion in the emerging economies, especially in Asia Pacific and Latin America, is also a significant factor contributing to the markets overall growth. The Asia Pacific region is expected to dominate the market with a projected market share of approximately 45% by 2030, driven by the large manufacturing base in countries like China and India.
In terms of regional analysis, North America and Europe are expected to witness moderate growth during the forecast period, with the demand driven primarily by the ongoing modernization of infrastructure and technological advancements in pump manufacturing. The North American region accounted for around 20% of the global market share in 2022. Europe is also a key player, driven by the presence of several manufacturing hubs and advancements in industrial pump casting technologies. Latin America and the Middle East & Africa regions are anticipated to experience steady growth due to the increasing demand for pumps in the oil and gas industry, water management, and agricultural sectors. With ongoing infrastructure developments in these regions, there are significant opportunities for market players to enhance their presence and drive market growth.
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CALMET
CFS foundry
D. K. Technocast
Energy Technocast
Investment Casting Foundry & Machining
MEERA TECHNOCAST
Metflow Cast Pvt Ltd
OTTOMMO Casting
Premier Die Casting
Rajmani Castings
Shanghai Casting and Machining Ltd
Suyash Casting
Tamboli Castings Limited
The Allied Founders Pvt. Ltd.
U.S. Casting Company
Unideritend
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Pump Casting Market
Centrifugal Pumps
Positive Displacement Pumps
Diaphragm Pumps
Gear Pumps
Screw Pumps
Cast Iron
Stainless Steel
Bronze
Polymer Composites
Aluminum
Water and Wastewater Management
Oil and Gas
Chemical Processing
Food and Beverage
Pharmaceuticals
Small Pumps (up to 50 HP)
Medium Pumps (51 HP - 150 HP)
Large Pumps (151 HP - 500 HP)
Extra-Large Pumps (above 500 HP)
Direct Sales
Distributors and Dealers
Online Sales
Retail Outlets
Service Providers
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Pump Casting Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Pump Casting Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Pump Casting Market, By Type
6. Global Pump Casting Market, By Application
7. Global Pump Casting Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Pump Casting Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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