Mining Pump Market Size - By Pump Type, By Power Source, By Flow Rate, By Horsepower, By Technology, By Application, By Distribution Channel, Forecast 2025 - 2034

Mining Pump Market Size

The mining pump market was valued at USD 7.1 billion in 2024 and is expected to reach USD 11.5 billion by 2034, growing at a CAGR of 4.9% from 2025 to 2034. Emerging economies have greatly increased the need for minerals and metals, causing a global rise in mining activity. This has also created a need for better pumping systems to deal with different materials and fluids in mining. Best modern pumps that have belt driven features like, efficiency, long life and automation have made it even more interesting to the mining companies because they are trying to improve their operations and reduce cost.
 

In addition, Environmental regulations have become stringent, thereby increasing the requirement of pumps for treated wastewater and mine dewatering with less impact to the environment. U.S. Environmental Protection Agency (EPA) states mining accounts for about 40% global industrial water consumption, which highlight the importance of pumps in water management. The need for efficient pumps to effectively work under tough conditions for deeper mining has increased, which drives the growth of the market for mining pumps. This means mining pumps market is growing and manufacturers are focusing more on creativity and individuality to meet the constant change in the industry.
 

The International Council on Mining and Metals (ICMM) states that there is a noticeable increase in the global production of mining volumes which adds to the demand for advanced pumping technology. As an example, the US Geological Survey (USGS) points out that the worlds’ mineral production rose by 5% in 2023 from 2022 due to higher requirements for essential minerals such as lithium and cobalt primary components of batteries. Also, the World Pump Association (WPA) draws attention to the development in the field as pumps for the wastewater and dewatering known for meeting ecologically strict conditions are now more commonplace than ever before. Furthermore, the US Department of Energy (DOE) adds that energy-saving pumps are able to lower expenditure on mining by as much as 20% thereby offering further encouragement to adopt such pumps.
 

One of the challenges in the market is the harsh operating environment in mines, which subjects pumps to extreme wear and tear from abrasive materials, corrosive fluids, and high pressures. This necessitates frequent maintenance and replacement, increasing operational costs for mining companies. Fluctuating commodity prices also pose a challenge, as they directly affect mining activities and, consequently, the demand for pumps.
 

Mining Pump Market Trends

One key trend is the growing use of smart pumps using IoT and AI technologies that facilitate real time tracking, predictive servicing, and enhanced efficiencies. With an increase in the digitalization of processes, mining companies are able to better their performance and minimize delays.
 

The other substantial trend is in the increase in the use of energy-efficient pumps for economic reasons as well as for the protection of the environment. There is increased focus among manufacturers to make pumps with better efficiency ratings and less power or energy usage. There is also an increasing preference for submersible pumps, particularly in deep mining activities, because of their capability to operate under high pressures while in constricted environments. The use of new pump materials that resist corrosion is increasing in order to cope with the severe mining conditions and increase the longevity of the equipment’s in use which is why the market is booming.
 

Mining Pump Market Analysis

Based on pump type, the market is segmented into centrifugal pumps, dewatering pumps, slurry pumps, multi-stage pumps, diaphragm pumps and others (piston pumps, peristaltic pumps, etc). The centrifugal pump segment was worth over USD 2.2 billion in 2024 and is expected to reach USD 3.8 billion by 2034.
 

Firstly, the global surge in mining activities, particularly in emerging economies, is driving increased demand for efficient pumping solutions. Centrifugal pumps, known for their versatility and ability to handle high flow rates, are particularly well-suited for various mining applications. Additionally, technological advancements in pump design have led to improved efficiency, durability, and performance, making centrifugal pumps more attractive to mining operators looking to optimize their processes and reduce operational costs.
 

Based on horsepower, the mining pump market is classified as below 100 HP, 100 - 500 HP and above 500 HP. Mining pumps of horsepower below 100 HP dominated the market in 2024, with a market share of 55.3%.
 

Mining pumps below 100 HP are gaining popularity in the industry due to their versatility, cost-effectiveness, and energy efficiency. These smaller pumps offer a range of advantages, including ease of installation, mobility, and scalability, making them ideal for both small-scale operations and modular systems in larger mines. Recent technological advancements have significantly improved their performance and durability, allowing them to handle demanding mining applications effectively. Their compact size is particularly beneficial in confined mining spaces, while their lower power consumption aligns with the industry's focus on reducing energy costs and environmental impact.
 

U.S. mining pump market size exceeded USD 1.5 billion in 2024 and is expected to reach USD 2.4 billion by 2034. The increasing demand for metals like gold, copper, and lithium, used in industries like electronics, automotive, and renewable energy, leads to more mining activities. This, in turn, drives the need for efficient pumping systems to handle water, slurry, and other materials during mining processes. Mining operations often face issues with groundwater, surface water, or stormwater that infiltrates mining sites. Dewatering pumps are essential to remove water from the mines and prevent flooding or structural damage, which increases demand for pumps.
 

Country-level Analysis

North America: The U.S. dominated the North America market with revenue of around USD 1.4 billion in 2023 and with a CAGR of 5.2% for the forecast period of 2024 to 2032. The U.S. mining pumps market is experiencing steady growth, driven by several key factors. The resurgence of domestic mining activities, particularly in sectors such as rare earth elements and critical minerals, has bolstered demand for advanced pumping solutions. Stringent environmental regulations have spurred investments in more efficient and eco-friendly pump technologies, encouraging mining companies to upgrade their equipment. The ongoing shift towards automation and digitalization in the mining industry has increased the adoption of smart pumps with IoT capabilities, enhancing operational efficiency and predictive maintenance.
 

Europe: Germany led the Europe market with revenue of around USD 370 million in 2023 and is growing at a CAGR of 5.3% for the forecast period of 2024 to 2032. Germany's strong emphasis on technological innovation and engineering excellence has led to the development of highly efficient and advanced pumping solutions, making German-made pumps sought after in the global mining industry. The country's transition towards renewable energy sources has paradoxically boosted demand for certain minerals, particularly those used in battery production and renewable energy technologies, indirectly supporting the mining pump sector, thereby propelling the market.
 

Asia Pacific: China spearheaded the Asia Pacific market with revenue of around USD 889 million in 2023 and is growing at a CAGR of 5.4% for the forecast period of 2024 to 2032. The country's rapid industrialization and urbanization have significantly increased the demand for minerals and metals, thereby boosting mining activities. Additionally, advancements in pump technology and innovations have led to more efficient and durable mining pumps, which are essential for handling abrasive and corrosive materials. Government initiatives and investments in infrastructure development and the mining sector further contribute to the market's expansion. Environmental regulations necessitate the adoption of advanced pumping solutions to manage wastewater and slurry, driving demand for specialized mining pumps.
 

Mining Pump Market Share

• The top 5 companies in the market include Ebara Corporation, Flowserve Corporation, Grundfos Holding, JEE Pumps, KSB and they collectively hold a share of 10-15% in 2024.
   
• Ebara Corporation is a prominent player in the global pump market, including the mining pump sector. While it has a broad product portfolio across various industries, its role in mining pump solutions is notable. Ebara’s mining pumps are primarily used in water management, slurry transportation, and dewatering applications, critical for large-scale mining operations. The company’s innovative pump technology, including its high-efficiency centrifugal pumps and dewatering systems, positions it well in the mining market. Ebara has a strong presence in Asia-Pacific and North America, benefiting from its established reputation for reliability and performance. The company is well-regarded for its focus on energy-efficient and durable pumping solutions, which have become increasingly important in the mining industry. Although it is not the largest player in terms of market share in the U.S., Ebara holds a significant position, with its products widely used in both industrial and mining operations.
   
• Flowserve Corporation is one of the key leaders in the global industrial pump market, with a substantial share in the mining pump sector. Flowserve’s expertise in providing engineered pump solutions for complex and high-demand applications, such as mining, has made it a go-to supplier for mining companies in the U.S. The company offers a comprehensive range of products designed for mining operations, including slurry pumps, dewatering pumps, and other specialized pumps designed to handle the harsh conditions of mining environments. Flowserve’s reputation for manufacturing robust, high-performance pumps with exceptional durability has helped it secure a significant share of the mining pump market. The company's strong market presence in North America, combined with its focus on pump innovation, energy efficiency, and sustainability, has positioned Flowserve as one of the top players in the U.S. mining pump industry.
   
• Grundfos Holding is a global leader in the pump manufacturing industry, with a notable presence in the mining sector. Known for its innovation and sustainable pump solutions, Grundfos offers a range of mining pumps designed to meet the specific needs of water handling and slurry management in mining operations. The company’s pumps are well-regarded for their energy efficiency, reliability, and ease of integration with modern mining infrastructure. Grundfos has a strong market share in the U.S. due to its emphasis on advanced pump technologies, including variable speed drives and IoT connectivity for real-time monitoring and performance optimization. These technological advancements appeal to mining companies focused on reducing energy consumption and improving operational efficiency. Grundfos' significant focus on sustainability and environmental responsibility has further increased its demand within the mining sector, especially among environmentally conscious companies.
   

Mining Pump Market Share

Major players operating in the mining pump industry include:

• Ebara Corporation
• Flowserve Corporation
• Grundfos Holding
• JEE Pumps
• KSB
• Metso Outotec Corporation
• Multotec Group
• NETZSCH Pumpen & Systeme
• Schurco Slurry
• Sulzer
• The Gorman-Rupp Company
• The Weir Group
• Tsurumi Manufacturing
• Xylem
   

The global mining pump market is fragmented, with prominent players, such as The Weir Group PLC, Grundfos Holding A/S, Xylem Inc., Flowserve Corporation and PKSB SE & Co. KGaA holding a market share of 20-25%. These companies dominate the market due to their extensive research and development capabilities, strong global distribution networks, and strategic partnerships within the industry.
 

Mining Pump Market News

• In March 2024, Metso Outotec announced the launch of its new MDM900 slurry pump, designed specifically for heavy-duty mining applications. The pump offers improved efficiency and wear resistance, addressing the growing demand for more durable equipment in challenging mining environments.
   
• In February 2024, Xylem announced a partnership with a leading Australian mining company to implement its smart pump monitoring system across multiple sites. This collaboration highlights Xylem's push towards digitalization in the mining sector, offering real-time data analytics to improve pump performance and reduce downtime.
   
• In January 2024, Weir Group reported a significant contract win to supply its Warman slurry pumps to a major copper mine expansion project in Chile.
   

The mining pump market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Thousand Units) from 2021 to 2032, for the following segments:

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Market, By Pump Type

• Centrifugal Pump
• Dewatering Pumps
• Slurry Pumps
• Multi-Stage Pumps
• Diaphragm Pumps
• Others (Piston Pumps, Peristaltic Pumps, etc)

Market, By Power Source

• Electric & Solar Pumps
• Diesel Pumps
• Others (Gasoline Solar, Etc)

Market, By Flow Rate

• Below 100 m³/h
• 100 - 500 m³/h
• Above 500 m³/h

Market, By Horsepower

• Below 100 HP
• 100 - 500 HP
• Above 500 HP

Market, By Technology

• Conventional
• Smart

Market, By Application

• Mine Dewatering
• Mineral Processing
• Water & Wastewater Treatment
• Dust Suppression
• Others (Lubrication, etc)

Market, By Distribution Channel

• Direct
• Indirect

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea 
• Latin America
  • Brazil
  • Mexico 
• MEA
  • Saudi Arabia
  • UAE
  • South Africa