Global Industrial Pump Rental Market Applications: Water and Wastewater Leads the Market with a Share of 43.57% in 2024

Global Industrial Pump Rental Market Overview

According to Global Market Monitor, the global industrial pump rental market size is $3541.09 million in 2024 with a CAGR of 7.46% from 2024 to 2029.

An industrial pump is usually a heavy-duty process pump used to transport many different types of products, including water, chemicals, petroleum, wastewater, oil, sludge, mud, or food. To maximize the use of budget and storage space and save maintenance costs, enterprises can rent industrial pumps.

China Market Status

The oil and gas exploitation industry is one of the industries that China encourages and supports.In 2023, China will achieve fruitful results in oil and gas exploration and development, with 1.3 billion tons of new proven geological reserves of oil and nearly trillion cubic meters of natural gas. It produced 209 million tons of crude oil and 235.3 billion cubic meters of natural gas. Advances in oil and gas exploration and development theory, technology, and equipment have supported breakthroughs in deep-water and deep oil and gas exploration and development. In the first half of 2024, the oil and gas production increase also achieved significant results. The Yanan gas field of Yanchang Petroleum in Shaanxi Province has a capacity of 12.8 billion cubic meters and will produce more than 10 billion cubic meters this year and 15 billion cubic meters in 2025. The construction of a 10 billion square atmosphere area in the southern Ordos Basin will realize the scale-efficient development of multi-layer complex superimposed tight gas reservoirs.

The oil and gas industry is one of the main downstream industries for industrial pump leasing, and the growing demand of the downstream industry will drive the development of industrial pump leasing.

Urbanization Drives Market Development.

According to World Bank data, about 55% of the world's population (4.2 billion people) live in cities. This trend is expected to continue. By 2050, 7/10 people in the world will live in cities, because the urban population will be more than twice the current population. With the acceleration of urbanization, the number of buildings and construction projects is also increasing. On construction sites, pumps are used to dehydrate or remove excess water. During heavy rain, the site without a drainage system may suffer from accumulated water, forcing the work to be suspended. Many factories need an industrial water pump to remove excess water. Without effective treatment, groundwater, rainwater, and surface water may become a problem. With the increasing difficulty of construction projects and the increasing demand of the construction industry, the demand for industrial pump rental industry will be promoted.

By Type	Bypass pumping
	Dewatering
	Wastewater (surface mounted) pump
	Others
	The bypass pumping segment contributes the largest market share.
By Application	Oil and gas industry
	Chemical industry
	Mining industry
	Power industry
	Construction
	Municipal
	Others
	The largest segment by application is the water and wastewater industry, with a market share of 43.57% in 2024.

For more industry information, please refer to our latest released "2023 Global Industrial Pump Rental Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast".