Industrial Pump Rental Market Report

Industrial Pump Rental Market Overview

The Industrial Pump Rental Market size was valued at USD 3218.76 million in 2024 and is expected to reach USD 5535.65 million by 2033, growing at a CAGR of 6.1% from 2025 to 2033.

The industrial pump rental market is experiencing significant growth, driven by the increasing demand for temporary pumping solutions across various industries. In 2024, the market was valued at approximately USD 3.41 billion, with projections indicating a steady rise in the coming years. This growth is attributed to factors such as the rising need for cost-effective and flexible pumping solutions in sectors like construction, mining, and oil & gas.

Additionally, the market is witnessing a surge in demand for high-capacity pumps, with rentals of pumps exceeding 500 horsepower accounting for over 30% of the total market share in 2024. The adoption of advanced technologies, such as remote monitoring and IoT-enabled pumps, is also contributing to market expansion, with approximately 25% of rental pumps equipped with such features in 2024.

Key Findings

Driver: The primary driver of the industrial pump rental market is the increasing demand for cost-effective and flexible pumping solutions across various industries.

Top Country/Region: North America leads the market, accounting for approximately 35% of the global market share in 2024.

Top Segment: The centrifugal pump rental segment dominates the market, representing over 40% of the total market share in 2024.

Industrial Pump Rental Market Trends

The industrial pump rental market is characterized by several emerging trends that are shaping its growth trajectory. One notable trend is the increasing adoption of digital technologies, such as IoT and remote monitoring, in rental pumps. In 2024, approximately 25% of rental pumps were equipped with IoT capabilities, allowing for real-time monitoring and predictive maintenance. This technological integration enhances operational efficiency and reduces downtime, making rental solutions more attractive to end-users. Another significant trend is the growing preference for environmentally friendly and energy-efficient pumps. In response to stringent environmental regulations, rental companies are expanding their fleets with electric and hybrid pumps. By 2024, electric pumps constituted around 15% of the rental fleet, reflecting a shift towards sustainable solutions.

The market is also witnessing increased demand from the municipal sector, driven by infrastructure development and wastewater management projects. Municipal applications accounted for approximately 20% of the total market share in 2024. Furthermore, the mining industry is emerging as a significant end-user, with a market share of about 18% in 2024, due to the need for dewatering solutions in mining operations. Geographically, the Asia-Pacific region is experiencing rapid growth, with a market share increase from 22% in 2023 to 25% in 2024. This growth is attributed to industrialization, urbanization, and infrastructure development in countries like China and India. The Middle East & Africa region is also showing promising growth, with a market share of approximately 10% in 2024, driven by oil & gas and construction activities.

Industrial Pump Rental Market Dynamics

DRIVER

Rising demand for cost-effective and flexible pumping solutions.

The industrial pump rental market is primarily driven by the increasing need for cost-effective and flexible pumping solutions across various industries. Companies are opting for rental services to avoid the high capital expenditure associated with purchasing pumps. In 2024, the cost of renting a pump was approximately 30% lower than purchasing one, making rentals an attractive option. Additionally, rental services offer flexibility in terms of equipment selection and duration, catering to short-term and project-based requirements. This flexibility is particularly beneficial in industries like construction and mining, where project timelines and requirements can vary significantly.

RESTRAINT

Limited availability of specialized and high-capacity pumps.

One of the main restraints in the industrial pump rental market is the limited availability of specialized and high-capacity pumps. While demand for pumps exceeding 500 horsepower is increasing, rental companies often face challenges in maintaining an adequate inventory of such equipment. In 2024, high-capacity pumps constituted only about 10% of the total rental fleet, leading to supply constraints. This limitation can result in project delays and increased costs for end-users, potentially hindering market growth.

OPPORTUNITY

Expansion into emerging markets and sectors.

The industrial pump rental market presents significant opportunities for expansion into emerging markets and sectors. Regions like Asia-Pacific and the Middle East & Africa are witnessing rapid industrialization and infrastructure development, leading to increased demand for rental pumps. In 2024, the Asia-Pacific region accounted for 25% of the global market share, up from 22% in 2023. Additionally, sectors such as municipal water management and renewable energy are emerging as potential growth areas. For instance, the municipal sector's share increased to 20% in 2024, highlighting the potential for rental companies to diversify their offerings and tap into new markets.

CHALLENGE

Managing equipment maintenance and operational efficiency.

Managing equipment maintenance and ensuring operational efficiency pose significant challenges in the industrial pump rental market. Rental companies must maintain their equipment in optimal condition to meet customer expectations and minimize downtime. In 2024, maintenance costs accounted for approximately 15% of the total operational expenses for rental companies. Additionally, the integration of advanced technologies, such as IoT and remote monitoring, requires investment in training and infrastructure. Ensuring the availability of skilled technicians and implementing effective maintenance protocols are crucial for sustaining market competitiveness.

Industrial Pump Rental Market Segmentation

The industrial pump rental market is segmented based on type and application. By type, the market includes positive displacement pumps, centrifugal pumps, impulse pumps, and others. By application, it encompasses the oil and gas industry, water and wastewater industry, chemical industry, mining industry, municipal sector, and others. In 2024, centrifugal pumps dominated the market, accounting for over 40% of the total share, while the oil and gas industry was the leading application segment, representing approximately 30% of the market.

By Type

Positive Displacement Pumps Rental: are essential for applications requiring consistent flow rates, regardless of pressure variations. In 2024, this segment accounted for approximately 25% of the total market share. These pumps are widely used in the chemical and oil & gas industries due to their ability to handle viscous fluids and high-pressure applications. The demand for positive displacement pumps is expected to grow, driven by the need for precise fluid handling in various industrial processes.
Centrifugal Pumps Rental: are the most commonly rented pump type, owing to their versatility and efficiency in handling large volumes of fluids. In 2024, they held a dominant market share of over 40%. These pumps are extensively used in water and wastewater management, construction, and mining applications. Their simple design, ease of maintenance, and cost-effectiveness contribute to their popularity in rental fleets.
Impulse Pumps Rental: including hydraulic ram pumps and airlift pumps, are used in specific applications where conventional pumps are not feasible. In 2024, this segment represented approximately 10% of the market. These pumps are favored for their ability to operate without external power sources, making them suitable for remote or off-grid locations. However, their limited flow rates and specific application scope restrict their widespread adoption.
Others: category includes specialized pumps such as diaphragm pumps, peristaltic pumps, and submersible pumps. In 2024, this segment accounted for about 25% of the market. These pumps cater to niche applications across various industries, including chemical processing, food and beverage, and pharmaceuticals. The demand for these specialized pumps is driven by specific process requirements and regulatory compliance needs.

By Application

Oil and Gas Industry: is the largest application segment in the industrial pump rental market, accounting for approximately 30% of the total market share in 2024. Pumps are essential for various operations, including drilling, well servicing, and pipeline transportation. The industry's dynamic nature and fluctuating project requirements make rental solutions a cost-effective and flexible option.
Water and Wastewater Industry: is a significant end-user of rental pumps, representing about 25% of the market in 2024. Pumps are crucial for water supply, sewage treatment, and flood control applications. The increasing focus on water conservation and infrastructure development drives the demand for rental pumps in this sector.
Chemical Industry: accounted for approximately 15% of the market share in 2024. Pumps are used for transferring chemicals, handling corrosive fluids, and maintaining process flows. The need for specialized pumps that can handle aggressive fluids and meet stringent safety standards contributes to the demand for rental solutions in this industry.
Mining Industry: represented around 18 % of the industrial pump rental market share in 2024. Pumps are vital for dewatering operations, tailings management, and slurry transfer in both open-pit and underground mines. Given the temporary and remote nature of many mining operations, rental solutions provide flexibility and reduce capital investment. Submersible and high-capacity centrifugal pumps are frequently rented to handle large volumes of water, particularly during monsoon seasons or in water-intrusive mines. The rising demand for minerals and metals globally continues to boost pump rental demand within the mining sector.
Municipal: applications accounted for approximately 20% of the total market share in 2024. Rental pumps are widely used in sewage bypass, flood control, and infrastructure maintenance projects. In regions facing aging water infrastructure, temporary pump systems provide essential support during pipeline replacements or system upgrades. For example, in 2024, several U.S. cities deployed large-volume rental pumps during seasonal flooding and emergency management operations, highlighting their critical role in disaster response and urban planning.
Others: category includes sectors such as food & beverage, pharmaceuticals, and manufacturing, which collectively held around 12% of the market in 2024. These industries require pumps for short-term projects, cleaning processes, and utility support. Due to strict sanitation standards and variability in production schedules, many companies opt for rentals to maintain operational continuity without committing to long-term capital investment. Diaphragm and hygienic pumps are commonly preferred in these applications.

Industrial Pump Rental Market Regional Outlook

The industrial pump rental market displays varied performance across different regions based on infrastructure development, industrial activities, and environmental factors. North America leads the global market, followed by Europe and Asia-Pacific, with the Middle East & Africa exhibiting rapid growth due to ongoing industrialization and oil & gas projects.

North America

dominated the global industrial pump rental market with a 35% share in 2024. The U.S. remains the largest contributor due to robust construction activities, aging water infrastructure, and oil & gas operations. In 2024, over 1,000 municipal projects across the U.S. involved pump rentals, especially in stormwater management and temporary bypass systems. Canada also saw increased pump rental usage, particularly in Alberta and British Columbia, driven by mining and pipeline maintenance needs.

Europe

held about 22% of the global market share in 2024. Countries like Germany, the UK, and France are leading users of rental pumps due to stringent environmental regulations and an emphasis on wastewater treatment infrastructure. Germany alone had more than 200 rental pump projects in 2024, driven by its ambitious water quality initiatives. Flood control in Central Europe also spurred demand for high-capacity rental pumps, particularly during spring runoff and flash flood events.

Asia-Pacific

region accounted for 25% of the global market in 2024, up from 22% in 2023. Rapid urbanization, infrastructure expansion, and industrial development in China and India are major contributors. In 2024, India recorded over 500 construction projects utilizing rental pump systems, especially in urban metros. China’s Belt and Road Initiative also increased pump rental demand for cross-border infrastructure development. Southeast Asian countries like Indonesia and Vietnam are emerging markets due to their focus on flood management and water supply networks.

Middle East & Africa

contributed approximately 10% of the global market share in 2024. The region’s growth is largely driven by oil & gas activities and water scarcity challenges. Countries such as Saudi Arabia and the UAE heavily rely on rental pumps for pipeline construction and refinery maintenance. In Africa, South Africa and Nigeria saw increasing pump rentals for mining and municipal water projects. In 2024, over 50 major projects across the region used diesel and electric rental pumps for short-term operations.

List of Top Industrial Pump Rental Companies

Xylem
MWI
United Rentals
Cornell Pump
Thompson Pump
Holland Pump
Integrated Pump Rental
Selwood
ACTION
Global Pump
Barco Pump
Tsurumi

Xylem: captured over 15% of the global pump rental market share. The company’s comprehensive rental solutions and smart pump technologies, including telemetry-enabled dewatering systems, have strengthened its leadership position across North America and Europe.

United Rentals: accounted for approximately 13% of the global market share in 2024. The company boasts a fleet of more than 50,000 pump units across the U.S. and Canada. Their rapid deployment capability and nationwide service network make them a preferred choice for municipal and industrial applications.

Investment Analysis and Opportunities

Investments in the industrial pump rental market are increasingly focused on fleet expansion, digital integration, and geographic diversification. In 2024, global investment in pump rental services exceeded USD 1.8 billion, reflecting increased confidence in temporary pumping solutions across end-user industries. North America witnessed substantial capital allocation toward expanding electric and hybrid rental pumps. For instance, United Rentals invested over USD 120 million in 2024 to electrify its rental fleet, responding to rising environmental regulations and customer demand for sustainable equipment. Xylem, similarly, launched new rental hubs in Texas and Ontario, expanding its rapid response capabilities. In Asia-Pacific, investors are focusing on building regional hubs to serve construction and municipal sectors. India alone saw over USD 150 million invested in rental fleets by domestic and international players. Localized manufacturing and partnerships with public agencies are strategies adopted to penetrate this high-potential market.

Digitalization is a key investment area. Companies are equipping rental pumps with sensors, GPS, and remote monitoring systems. In 2024, over 25% of global pump rentals included telematics, reducing unplanned downtime by 20%. These smart systems allow real-time analytics on pump performance and enable predictive maintenance, increasing customer satisfaction and equipment longevity. Opportunities abound in the municipal sector. With over 4,000 wastewater treatment plants across Europe due for upgrades in the next five years, temporary pump systems will be essential. Additionally, frequent natural disasters, including floods and hurricanes, have highlighted the critical need for emergency pump deployments. Rental companies that invest in high-volume, quick-deployment pump systems are likely to capture significant market share in disaster-prone regions. Emerging economies in Africa also present untapped opportunities. In 2024, pump rentals in Nigeria and Kenya grew by over 15% due to water infrastructure projects funded by international aid organizations. Local players with affordable rental plans and on-ground service networks are poised to benefit.

New Product Development

The industrial pump rental market has become a hub of innovation, driven by technological advancements and changing customer demands. New product development is focused on enhancing efficiency, sustainability, and usability. In 2024, Xylem launched its “Godwin NC100S Dri-Prime” rental pump featuring smart diagnostics, remote monitoring, and noise-reducing technology. The unit is capable of handling solids-laden fluids up to 75 mm in diameter and operates with up to 60% greater energy efficiency compared to traditional models. United Rentals introduced a hybrid diesel-electric centrifugal pump model designed for heavy-duty dewatering applications. This innovation reduced fuel consumption by up to 40% and emissions by 35%, making it ideal for environmentally sensitive projects. In trials across 20 sites, the new pump delivered consistent performance while reducing operating costs. Selwood released a high-performance submersible pump for the rental market, rated at 5,000 gallons per minute.

Its corrosion-resistant build makes it suitable for chemical and saltwater applications. Integrated control panels and plug-and-play setup improved deployment speed by 30% in pilot projects across Europe. In the impulse pump category, Tsurumi launched a new airlift pump model designed for remote mining operations. Operating without external power and with minimal moving parts, the unit reduced downtime and maintenance costs by over 25% during field testing in Australian mines. ACTION added a battery-powered, portable diaphragm pump to its rental fleet in early 2024. The unit, designed for short-term jobs in confined spaces, provided up to 8 hours of continuous operation per charge and targeted urban maintenance crews and emergency services. These developments reflect the industry’s focus on customer needs: energy efficiency, ease of use, smart features, and application-specific configurations. Rental companies increasingly offer these advanced solutions as part of turnkey packages, including installation, monitoring, and post-deployment support.

Five Recent Developments

Xylem opened a new rental hub in Ontario, Canada in Q1 2024, increasing its coverage in Eastern Canada and adding 3,000 units to its fleet.
United Rentals deployed 200 smart pumps in California’s drought-response initiative (2023), resulting in a 25% increase in efficiency for water redistribution operations.
Selwood expanded its UK rental network with 5 new locations in 2024, focusing on quick-response solutions for municipal applications.
Integrated Pump Rental launched a new dewatering solution for African mines in late 2023, which reduced water removal time by 35% in trial operations.
Holland Pump introduced a solar-powered trailer-mounted pump in 2024, offering a zero-emission solution for flood control and agricultural irrigation.

Report Coverage of Industrial Pump Rental Market

This report provides a comprehensive analysis of the global industrial pump rental market, evaluating trends, segments, and performance metrics across multiple regions and end-user industries. Covering data up to 2024, the report identifies key growth drivers, technological advancements, investment flows, and market dynamics. Segmentation analysis includes detailed breakdowns by pump type—centrifugal, positive displacement, impulse, and others—and by application, covering sectors such as oil and gas, municipal, water and wastewater, chemical, mining, and others. Each segment is analyzed in terms of market share, deployment volume, and performance benchmarks. Regional analysis spans North America, Europe, Asia-Pacific, and the Middle East & Africa, with insights into local market conditions, regulatory impacts, infrastructure development, and sectoral growth.

For example, North America’s 35% market share is driven by municipal and construction projects, while Asia-Pacific's 25% share is buoyed by infrastructure expansion and industrial activity. The report tracks developments from leading companies like Xylem, United Rentals, Selwood, and Tsurumi, outlining product innovations, rental fleet expansions, and strategic partnerships. Over 12 major market players are reviewed for their offerings, technological investments, and regional strategies. Investment and opportunity analysis highlights areas such as fleet digitalization, sustainable pump development, and expansion into emerging markets. The scope of the report also includes analysis of market challenges such as maintenance complexity, high capital outlays, and limited availability of specialized pumps.