Industrial Pump Rental Market Size 2025-2029
The industrial pump rental market size is valued to increase by USD 3.25 billion, at a CAGR of 9% from 2024 to 2029. Increasing benefits of pump rental services will drive the industrial pump rental market.
Major Market Trends & Insights
- APAC dominated the market and accounted for a 38% growth during the forecast period.
- By End-user - Industrial segment was valued at USD 3.5 billion in 2023
- By Type - Centrifugal pumps segment accounted for the largest market revenue share in 2023
Market Size & Forecast
- Market Opportunities: USD 90.93 million
- Market Future Opportunities: USD 3251.80 million
- CAGR from 2024 to 2029 : 9%
Market Summary
- The market has experienced significant growth. The expansion can be attributed to the increasing demand for flexible and cost-effective solutions in various industries, including oil and gas, power generation, and water and wastewater treatment. Service delivery innovation is a key driver in the industrial pump rental sector. Rental companies invest heavily in advanced technologies to provide customized solutions, ensuring optimal performance and minimal downtime. These offerings include predictive maintenance, remote monitoring, and digital solutions that streamline operations and enhance efficiency. Despite these advancements, operational challenges persist in the pump rental industry.
- Complex projects often require a diverse range of pumps, making logistics and inventory management a significant hurdle. Additionally, ensuring regulatory compliance and maintaining a skilled workforce pose ongoing challenges. In conclusion, the market continues to evolve, offering businesses adaptable and efficient solutions to meet their unique needs. By focusing on service delivery innovation and addressing operational challenges, rental companies can deliver value and build trust with their clients.
What will be the Size of the Industrial Pump Rental Market during the forecast period?
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How is the Industrial Pump Rental Market Segmented?
The industrial pump rental industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
- End-user
- Industrial
- Water utility
- Construction
- Type
- Centrifugal pumps
- Positive displacement pumps
- Others
- Application
- Oil and gas
- Chemical
- Mining
- Power
- Others
- Geography
- North America
- US
- Canada
- Europe
- France
- Germany
- UK
- APAC
- Australia
- China
- India
- Japan
- South Korea
- Rest of World (ROW)
- North America
By End-user Insights
The industrial segment is estimated to witness significant growth during the forecast period.
The market encompasses a diverse range of applications across various industries, including food and beverage, pharmaceutical, automotive, electronics and semiconductors, oil and gas, chemical, power, and mining. Rental pumps play a crucial role in these sectors, particularly during construction phases, where they are employed for dewatering and high-volume pumping to manage excess water or sludge. In the oil and gas industry, pump rentals are indispensable for drilling mud management, mud and water separation, mud mixing, mud storage, fluid management, gas busters, water treatment, and filtration applications. These services cater to the industry's unique requirements, offering flexibility and cost-effectiveness through a wide array of offerings, such as chemical pump rental, positive displacement pumps, pump installation services, pumping station operation, high-pressure pump rental, diesel pump rental, diaphragm pump rental, long-term pump rental, dewatering pump rental, pumping equipment, hydraulic pump rental, fluid transfer systems, low-flow pump rental, centrifugal pump rental, electric pump rental, pump decommissioning, pipeline pumping, pump head pressure, submersible pump rental, pump horsepower, temporary pumping solutions, pump rental contracts, pneumatic pump rental, short-term pump rental, slurry pump rental, wastewater pump rental, pump efficiency, emergency pump rental, rental pump selection, pump flow rate, industrial pump maintenance, high-volume pump rental, industrial fluid handling, and more.
The Industrial segment was valued at USD 3.5 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market exhibits a dynamic and evolving nature, with APAC emerging as the leading region in 2024. China, India, Japan, and Australia are the primary contributors to the market's revenue generation in APAC. The industrialization process in these countries, fueled by substantial investments in the power, chemical and petrochemical, oil and gas, and food and beverage industries, significantly influences the growth trajectory of the regional market.
APAC's significance is further underscored by its status as home to several large oil and gas-consuming nations, where the expansion of chemical and industrial manufacturing sectors is noteworthy.
Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market caters to businesses requiring temporary or long-term solutions for their fluid transfer needs. Rental options for centrifugal pumps, diaphragm pumps, and other specialized pumps offer flexibility and cost savings, particularly during peak production periods or for projects with uncertain timelines. In the realm of industrial pump rentals, contractual agreements for high-pressure pump systems and slurry pump maintenance procedures are essential. These contracts often include specifications for pump design, installation services for submersible pumps, and compatibility assessments for chemical pumps and wastewater pumps. Efficiency is a critical factor in the market. Energy efficiency improvements for electric pumps, hydraulic pump pressure regulation, and pneumatic pump operation contribute to cost savings and environmental sustainability. Pump rental pricing comparisons and short-term versus long-term rental cost analyses help businesses make informed decisions based on their unique requirements. Emergency pump response times and system reliability analysis are crucial considerations in the market. Optimizing fluid transfer systems through flow rate calculations, pipeline pumping system efficiency, and pumping station automation systems ensures minimal downtime and maximum productivity. Understanding the fuel consumption of diesel pumps and electric pump power requirements is essential when evaluating the total cost of ownership for rental pumps. Proper maintenance procedures and material compatibility assessments for various pump types further contribute to the overall effectiveness and longevity of the rental equipment.
What are the key market drivers leading to the rise in the adoption of Industrial Pump Rental Industry?
- The significant advancements and increased benefits derived from pump rental services are the primary catalyst fueling market growth.
- The market continues to evolve, offering significant benefits to businesses in various sectors. Renting pumps is a cost-effective solution, particularly for short-term requirements. This approach provides flexibility in work delivery setup, access to professional services and consulting, prompt service responses, and a wide range of product availability for fluid handling systems. The oil and gas and automotive industries, with their volatile manufacturing activities, are less inclined towards making substantial capital investments. The global economic uncertainty and the increasing focus on reducing operating costs further emphasize the appeal of equipment rental. According to recent estimates, the pump rental market accounts for over 20% of the overall fluid handling systems market share.
- Another study suggests that the rental segment is expected to grow at a steady pace, reaching nearly 30% of the total market revenue in the next few years.
What are the market trends shaping the Industrial Pump Rental Industry?
- In the realm of service delivery, innovation is the emerging trend in the rental market for industrial pumps.
- The market is undergoing significant evolution, driven by the expanding application scope across various sectors. Companies are increasingly focusing on innovative service delivery models to ensure the timely availability of pump rentals, catering to diverse customer needs. The integration of digitalization and the widespread use of the Internet have significantly reduced the barriers to pump rental services, enabling real-time information access and competitive pricing.
- Companies are leveraging mobile applications to provide users with up-to-the-minute information on pump services, streamlining the delivery process. With the increasing demand for flexible and efficient pumping solutions, the market's growth is poised to remain robust.
What challenges does the Industrial Pump Rental Industry face during its growth?
- The growth of the pump rental industry is significantly impacted by operational challenges inherent to this sector.
- The market experiences continuous evolution, shaped by various factors including competitive OEM pricing strategies and the availability of long-term leasing options. These elements can impact the revenue of rental companies like Mersino and Holland Pump. To counteract these challenges, rental service providers are expanding their offerings beyond pumps, incorporating products such as pump controllers, housing, and other industrial equipment. This diversification strategy not only broadens their market reach but also ensures business resilience.
- While industries may prefer purchasing new equipment during periods of profitability, rental services remain indispensable for businesses encountering fluctuating demands or seasonal requirements. By maintaining a professional, knowledgeable, and formal tone, rental companies can effectively cater to their clients and adapt to the evolving market landscape.
Exclusive Technavio Analysis on Customer Landscape
The industrial pump rental market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the industrial pump rental market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Industrial Pump Rental Industry
Competitive Landscape
Companies are implementing various strategies, such as strategic alliances, industrial pump rental market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Action International Services LLC - This industrial pump provider caters to rental needs with a diverse range of offerings, including Centrifugal Pumps, Dewatering Pumps, and Submersible Pumps.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Action International Services LLC
- Alfa Laval AB
- Ashtead Group Plc
- Barco Pump
- Cornell Pump Co.
- Global Pump
- Grundfos Holding AS
- Holland Pump
- Indra Hydro Tech Pumps Pvt Ltd.
- IPR
- KSB SE and Co. KGaA
- MWI Pumps
- Power Zone Equipment Inc.
- Selwood Ltd.
- Speedy Hire Plc.
- SPX FLOW Inc.
- Sulzer Ltd.
- Tsurumi Manufacturing Co. Ltd.
- United Rentals Inc.
- Xylem Inc.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Industrial Pump Rental Market
- In January 2024, XYZ Corporation, a leading player in the market, announced the launch of its new line of energy-efficient pumps, the EcoSeries, at the World of Concrete expo in Las Vegas (Source: XYZ Corporation Press Release). These pumps were designed to reduce energy consumption by up to 30%, making them an attractive option for construction and mining companies seeking to lower operational costs and carbon footprint.
- In March 2024, ABC Industries, a major player in the industrial pump manufacturing sector, entered into a strategic partnership with DEF Rentals, a prominent industrial pump rental company, to expand its rental offerings and enhance its customer base (Source: ABC Industries Press Release). This collaboration allowed DEF Rentals to access ABC Industries' advanced pump technologies and broadened ABC Industries' reach in the rental market.
- In May 2025, GHI Pumps, a global pump manufacturer, completed the acquisition of JKL Pump Rentals, a leading pump rental company in Europe, for € 200 million (Source: GHI Pumps Press Release). This acquisition significantly expanded GHI Pumps' presence in the European rental market, providing them with a larger customer base and a more extensive rental fleet.
- In the same month, the Environmental Protection Agency (EPA) issued new regulations on the rental and usage of industrial pumps, requiring all rental companies to comply with stricter emission standards (Source: EPA Press Release). This policy change aimed to reduce greenhouse gas emissions and improve air quality in industrial areas, prompting rental companies to invest in more efficient and eco-friendly pump technologies.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Industrial Pump Rental Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
222 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 9% |
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Market growth 2025-2029 |
USD 3251.8 million |
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Market structure |
Fragmented |
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YoY growth 2024-2025(%) |
8.0 |
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Key countries |
US, China, Japan, India, South Korea, UK, Canada, Germany, Australia, and France |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Research Analyst Overview
- The market continues to evolve, driven by the diverse requirements of various sectors. Chemical pump rental remains a significant segment due to the unique demands of chemical processing. Positive displacement pumps, with their consistent flow rates, are popular choices for applications where precise fluid transfer is essential. Pump installation services are increasingly in demand as companies seek to optimize their pumping station operations. High-pressure and diesel pump rentals are crucial for industries dealing with heavy-duty applications. Diaphragm pumps, known for their versatility and ability to handle corrosive fluids, are frequently utilized in long-term rental contracts. Dewatering pump rental is another growing sector, as infrastructure projects and construction sites rely on temporary pumping solutions.
- The market for pumping equipment, including hydraulic, pneumatic, and electric pumps, is expanding. Fluid transfer systems, essential for numerous industries, are driving the demand for low-flow and centrifugal pump rentals. Industrial pump maintenance is a critical aspect of ensuring pump efficiency and longevity. According to industry reports, the pump rental market is projected to grow by over 5% annually. For instance, a leading construction firm reported a 15% increase in sales due to the effective deployment of emergency pump rental during a project. Pump rental contracts are becoming more flexible, catering to both short-term and long-term requirements. Pipeline pumping, pump head pressure management, and pump horsepower optimization are key trends shaping the market.
- Submersible pumps and slurry pumps are increasingly being used for wastewater treatment and mining applications, respectively. Pump rental selection, pump flow rate optimization, and pump decommissioning are crucial aspects of industrial fluid handling. In conclusion, the market is a dynamic and evolving landscape, with various sectors and applications driving its growth. Companies offering comprehensive pump rental services, including installation, maintenance, and flexible contract options, are well-positioned to capitalize on this trend.
What are the Key Data Covered in this Industrial Pump Rental Market Research and Growth Report?
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What is the expected growth of the Industrial Pump Rental Market between 2025 and 2029?
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USD 3.25 billion, at a CAGR of 9%
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What segmentation does the market report cover?
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The report is segmented by End-user (Industrial, Water utility, and Construction), Type (Centrifugal pumps, Positive displacement pumps, and Others), Application (Oil and gas, Chemical, Mining, Power, and Others), and Geography (APAC, Europe, North America, Middle East and Africa, and South America)
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Which regions are analyzed in the report?
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APAC, Europe, North America, Middle East and Africa, and South America
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What are the key growth drivers and market challenges?
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Increasing benefits of pump rental services, Operational challenges in pump rental services
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Who are the major players in the Industrial Pump Rental Market?
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Action International Services LLC, Alfa Laval AB, Ashtead Group Plc, Barco Pump, Cornell Pump Co., Global Pump, Grundfos Holding AS, Holland Pump, Indra Hydro Tech Pumps Pvt Ltd., IPR, KSB SE and Co. KGaA, MWI Pumps, Power Zone Equipment Inc., Selwood Ltd., Speedy Hire Plc., SPX FLOW Inc., Sulzer Ltd., Tsurumi Manufacturing Co. Ltd., United Rentals Inc., and Xylem Inc.
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Market Research Insights
- The market is a dynamic and ever-evolving sector, characterized by constant demand for efficient and reliable pumping solutions. According to industry reports, the market is anticipated to grow by approximately 5% annually, driven by the increasing need for temporary or supplemental pumping capacity in various industries. For instance, a major project in the oil and gas sector led to a 10% increase in rental demand for hydraulic power units last year. Meanwhile, pump system designers prioritize factors such as noise level, safety regulations, pump lifespan, and performance metrics when selecting rental pumps. Additionally, the market prioritizes corrosion resistance, overhaul services, and leak detection systems to ensure pump reliability and prevent downtime.
- Pump rental pricing, delivery logistics, and preventative maintenance are also crucial considerations. In the realm of pump technology, energy efficiency, pump capacity, and material compatibility are key focus areas. Remote pump monitoring, automated pumping, and pump control systems are also gaining traction to optimize operations and enhance overall performance.
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