South Korea Water Pump Market Report: Trends, Growth and Forecast (2026-2032)
By Pump Type (Centrifugal Pumps (Overhung Pumps (Vertical Line, Horizontal End Suction), Split Case Pumps (Single/Two Stage, Multi Stage), Vertical Pumps (Turbine, Axial, Mixed Flow), Submersible Pumps (Solid Handling, Non-Solid Handling)), Positive Displacement Pump (Diaphragm Pumps, Piston Pumps, Gear Pumps, Lobe Pumps, Progressive Cavity Pumps, Screw Pumps, Vane Pumps, Peristaltic Pumps, Others)), By End User (Oil & Gas, Power, Residential, Agriculture & Irrigation, Commercial Building, HVAC, Chemical, Water & Wastewater, Food & Beverage, Others)
- Energy & Power
- Nov 2025
- VI0324
- 119
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South Korea Water Pump Market Statistics and Insights, 2026
- Market Size Statistics
- Water Pump in South Korea is estimated at $ 1.92 Billion.
- The market size is expected to grow to $ 2.33 Billion by 2032.
- Market to register a CAGR of around 2.8% during 2026-32.
- Pump Type Segment
- Centrifugal Pumps grabbed market share of 90%.
- Competition
- More than 10 companies are actively engaged in producing Water Pump in South Korea.
- Top 5 companies acquired the maximum share of the market.
- ITT, IDEX, Dover, Flowserve, Sulzer AG etc., are few of the top companies.
- End User
- Water & Wastewater grabbed 20% of the market.
South Korea Water Pump Market Outlook
South Korea's water pump market is seeing strong growth underpinned by growing industrial demand and urgent infrastructure requirements. In 2022, public water supply to industry accounted for 2,363 million cubic meters, up 28.4% year on year. This growth highlights the significance of dependable pumping systems in manufacturing processes like cooling, chemical transfer, and wastewater treatment. High-technology industries such as semiconductor production demand precise, contamination-free pumping technologies for cleanroom applications, which contribute to increased demand for advanced pumps.
The aging water infrastructure is another major driver of the market. With 72.3% of water infrastructure likely to deteriorate by 2035, pipeline and pumping system replacement has become a pressing issue. Water supply pipes with ages of more than 30 years currently occupy 9.6% of the network, a percentage that is set to increase exponentially to 65.4% by 2035. This elderly infrastructure translates into hefty investment requirements, although the provided budget of 2.4 trillion KRW for rehabilitation is less than the approximated 18 trillion KRW necessary for renewal, thereby continuously necessitating innovative, efficient pump systems.
Smart water management programs are revolutionizing the market by leveraging IoT sensors, remote monitoring, and AI-based optimization in pumping systems. Such projects as the Paju Smart Water City have boosted direct tap water usage from 1% to 36.3% through ICT solutions. K-water's implementation of smart water management for 21 local governments enables mass adoption of smart pumps with real-time performance optimization, predictive maintenance, and energy efficiency, presenting new technological possibilities.
Water and wastewater is the largest end-user segment with a 20% market share due to extensive infrastructure development and population coverage of almost 99%. The food and beverage industry is the quickest-growing end user with a CAGR of 6.44%, which requires hygienic and effective pumping solutions for various processing applications. On the whole, the South Korea water pump market is worth a projected $1.92 billion in 2025 and will rise to $2.33 billion by 2032, demonstrating robust growth in municipal as well as industrial segments.
South Korea Water Pump Market Growth Driver
Expanding Industrial Demand Drives Infrastructure Growth
South Korea's manufacturing industry continues to drive water pump uptake in manufacturing and processing plants. The nation's public water supply to the manufacturing sector totaled 2,363 million cubic meters in 2022, up by 28.4% compared to the previous year. The high growth showcases the growing manufacturing base that needs efficient pumping equipment for production activities. Manufacturing plants increasingly need specialized pumps for cooling systems, chemical transfer, and wastewater treatment to ensure operational efficiency.
The technologically advanced facilities call for high-precision pumping systems in chemical handling and cleanroom processes, where zero contamination tolerance calls for sophisticated pump technologies. With South Korea's sustained drive for technology development and its ranking as a worldwide manufacturing center, industrial water usage trends portend ongoing demand for high-tech pumping solutions in various manufacturing industries.
South Korea Water Pump Market Challenge
Aging Infrastructure Creates Replacement Urgency
South Korea has acute infrastructure replacement requirements with 72.3% of total water infrastructure projected to deteriorate by 2035. Water supply pipes aged more than 30 years are currently 9.6% of the network, but will rise to 65.4% by 2035, generating unprecedented demand for replacement. Seoul, which contains one-fifth of the population, exhibits especially alarming rates of aging with 14.7% of its water supply pipes being more than 30 years old in service, the highest rate of the large cities. Such aging directly corresponds to higher failure rates and service interruptions necessitating forthwith pumping system upgrades.
The government recognizes such a challenge with significant investment pledges. The relatively meager 2.4 trillion KRW budget for pipe rehabilitation pales in comparison with the 18 trillion KRW called for by full system replacement. Such a funding shortfall requires strategic infrastructure asset management strategies, focusing on essential pump system replacements to ensure service reliability. Local water agencies need to adopt data-driven risk assessments to maximize limited resources, generating long-term demand for efficient, modern pumping solutions within municipal water supply networks.
South Korea Water Pump Market Trend
Smart Technology Integration Transforms Operations
South Korea adopts digital innovation in water management via whole smart water city systems, revolutionizing the requirements of pumping systems to their core. Paju Smart Water City exemplifies this transformation, expanding direct tap water usage from 1% to 36.3% via ICT integration across the entire process of water supply. IoT sensors, remote monitoring, and predictive maintenance are now part of smart pumping systems, allowing real-time optimized performance and early fault detection. These technology advancements minimize downtime and enhance system performance in municipal and industrial applications.
The integration goes beyond simple monitoring to involve artificial intelligence for optimizing operations. Intelligent pumps with sophisticated algorithms can learn to adjust flow rates, pressure settings, and energy use automatically based on real-time demand trends. K-water's extension of smart water management to 21 local governments by 2021 sets the stage for mass adoption of intelligent pumping systems. This transition to digital infrastructure opens up huge opportunities for manufacturers creating connected, data-enabled pumping technologies that synergize with South Korea's Industry 4.0 strategy and urban smart development ambitions.
South Korea Water Pump Market Opportunity
Food and Beverage Industry Expansion Drives Specialized Demand
South Korea's quickly expanding food and beverage industry presents huge opportunities for dedicated pumping solutions, fuelled by shifting consumer trends and processing demands. The industry requires clean pump solutions with the ability to handle varying viscosities while upholding rigid contamination management standards. Centrifugal pumps are the leaders in this application category, with a market share of more than 70% because they can provide constant flow rates and manage medium viscous liquids necessary for the transportation of dairy products, syrups, and sauces. These pumps provide smooth handling properties and simple cleaning functionalities, which make them very suitable for applications where hygiene is still the top concern.
The food and beverage sector's trend toward processed and convenience foods intensifies system requirements through pumping systems in production plants. This trend especially gains pace in cities where hectic lifestyles promote consumption of packaged foods, frozen foods, and canned drinks. Pumping facilities are needed that are strong enough to meet all the different processes such as transferring ingredients, cleaning systems, waste disposal, and cooling processes. The increasing focus of the industry on automation and efficiency levels presents prospects for energy-efficient, automated pumping solutions that maximize productivity while satisfying high levels of hygiene standards necessary for food safety regulations.
| Report Coverage | Details |
|---|---|
| Market Forecast | 2026-32 |
| USD Value 2025 | $ 1.92 Billion |
| USD Value 2032 | $ 2.33 Billion |
| CAGR 2026-2032 | 2.8% |
| Largest Category | Centrifugal Pumps segment leads with 90% market share |
| Top Drivers | Expanding Industrial Demand Drives Infrastructure Growth |
| Top Challenges | Aging Infrastructure Creates Replacement Urgency |
| Top Trends | Smart Technology Integration Transforms Operations |
| Top Opportunities | Food and Beverage Industry Expansion Drives Specialized Demand |
| Key Players | ITT, IDEX, Dover, Flowserve, Sulzer AG, KSB, Xylem, Grundfos, Ebara, SPX Flow and Others. |
South Korea Water Pump Market Segmentation Analysis
By Pump Type
- Centrifugal Pump
- Overhung Pumps
- Vertical Line
- Horizontal End Suction
- Split Case Pumps
- Single/Two Stage
- Multi Stage
- Vertical Pumps
- Turbine
- Axial
- Mixed Flow
- Submersible Pumps
- Solid Handling
- Non-Solid Handling
- Overhung Pumps
- Positive Displacement Pump
- Diaphragm Pumps
- Piston Pumps
- Gear Pumps
- Lobe Pumps
- Progressive Cavity Pumps
- Screw Pumps
- Vane Pumps
- Peristaltic Pumps
- Others
The most market-share-intensive segment under the Pump Type is Centrifugal Pumps, which remains at the forefront of market trends. Centrifugal pumps have more than 90% share in food and beverage processing, reflecting their adaptability and dependability in various industrial applications. Their supremacy is a result of the capacity to provide consistent flow rates and manage medium viscous fluids efficiently, thus finding their use in applications ranging from water supply networks to industrial processing. The proven market history of the technology in South Korea's fast-growing infrastructure development projects further supports its market dominance.
Single-stage pumps dominate the centrifugal pump market with more than 50% revenue share due to the economy of their cost and their applicability to general purposes. These pumps provide superior performance for normal industrial and municipal water supply applications with lower capital and operational expenses than multi-stage counterparts.
By End User
- Oil & Gas
- Power
- Residential
- Agriculture & Irrigation
- Commercial Building
- HVAC
- Chemical
- Water & Wastewater
- Food & Beverage
- Others
The most significant market segment under the End User is Water & Wastewater, which accounted for 20% of the market. The industry is the biggest usage area for pumping systems in South Korea's growing municipal infrastructure and industrial plants. The predominance is due to the nationwide holistic water infrastructure development, which has more than 98.9% coverage of population on water supply and 93.2% on wastewater services with enormous investments on infrastructures. Municipal water authorities need large pumping systems for treatment plants, distribution systems, and sewage treatment facilities to provide such high levels of service.
The Food & Beverage segment is the Fastest Growing End User with a CAGR of 6.44%, showing the industry's rate of expansion and growing need for automation. This growth indicates South Korea's changing food processing sector as a result of urbanization and shifting consumption trends towards processed and convenience foods. Food and drink plants require specialized pumps for handling ingredients, cleaning systems, and waste disposal with strict hygiene controls. The industry drive toward automation and efficiency presents scope for sophisticated pumping solutions to improve productivity and food safety compliance throughout manufacturing processes.
Top Companies in South Korea Water Pump Market
The top companies operating in the market include ITT, IDEX, Dover, Flowserve, Sulzer AG, KSB, Xylem, Grundfos, Ebara, SPX Flow, etc., are the top players operating in the South Korea Water Pump Market.
Frequently Asked Questions
Related Report
1. Market Segmentation
1.1. Research Scope
1.2. Research Methodology
1.3. Definitions and Assumptions
2. Executive Summary
3. South Korea Water Pump Market Policies, Regulations, and Standards
4. South Korea Water Pump Market Dynamics
4.1. Growth Factors
4.2. Challenges
4.3. Trends
4.4. Opportunities
5. South Korea Water Pump Market Statistics, 2022-2032F
5.1. Market Size & Growth Outlook
5.1.1.By Revenues in US$ Million
5.1.2.By Units Sold in Million Units
5.2. Market Segmentation & Growth Outlook
5.2.1.By Pump Type
5.2.1.1. Centrifugal Pumps- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.1. Overhung Pumps- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.1.1. Vertical Line- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.1.2. Horizontal End Suction- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.2. Split Case Pumps- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.2.1. Single/Two Stage- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.2.2. Multi Stage- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.3. Vertical Pumps- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.3.1. Turbine- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.3.2. Axial- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.3.3. Mixed Flow- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.4. Submersible Pumps- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.4.1. Solid Handling- Market Insights and Forecast 2022-2032, USD Million
5.2.1.1.4.2. Non-Solid Handling- Market Insights and Forecast 2022-2032, USD Million
5.2.1.2. Positive Displacement Pump- Market Insights and Forecast 2022-2032, USD Million
5.2.1.2.1. Diaphragm Pumps- Market Insights and Forecast 2022-2032, USD Million
5.2.1.2.2. Piston Pumps- Market Insights and Forecast 2022-2032, USD Million
5.2.1.2.3. Gear Pumps- Market Insights and Forecast 2022-2032, USD Million
5.2.1.2.4. Lobe Pumps- Market Insights and Forecast 2022-2032, USD Million
5.2.1.2.5. Progressive Cavity Pumps- Market Insights and Forecast 2022-2032, USD Million
5.2.1.2.6. Screw Pumps- Market Insights and Forecast 2022-2032, USD Million
5.2.1.2.7. Vane Pumps- Market Insights and Forecast 2022-2032, USD Million
5.2.1.2.8. Peristaltic Pumps- Market Insights and Forecast 2022-2032, USD Million
5.2.1.2.9. Others- Market Insights and Forecast 2022-2032, USD Million
5.2.2.By End User
5.2.2.1. Oil & Gas- Market Insights and Forecast 2022-2032, USD Million
5.2.2.2. Power- Market Insights and Forecast 2022-2032, USD Million
5.2.2.3. Residential- Market Insights and Forecast 2022-2032, USD Million
5.2.2.4. Agriculture & Irrigation- Market Insights and Forecast 2022-2032, USD Million
5.2.2.5. Commercial Building- Market Insights and Forecast 2022-2032, USD Million
5.2.2.6. HVAC- Market Insights and Forecast 2022-2032, USD Million
5.2.2.7. Chemical- Market Insights and Forecast 2022-2032, USD Million
5.2.2.8. Water & Wastewater- Market Insights and Forecast 2022-2032, USD Million
5.2.2.9. Food & Beverage- Market Insights and Forecast 2022-2032, USD Million
5.2.2.10. Others- Market Insights and Forecast 2022-2032, USD Million
5.2.3.By Competitors
5.2.3.1. Competition Characteristics
5.2.3.2. Market Share & Analysis
6. South Korea Centrifugal Pump Water Pump Market Statistics, 2022-2032F
6.1. Market Size & Growth Outlook
6.1.1.By Revenues in US$ Million
6.1.2.By Units Sold in Million Units
6.2. Market Segmentation & Growth Outlook
6.2.1.By Pump Type- Market Insights and Forecast 2022-2032, USD Million
6.2.2.By End User- Market Insights and Forecast 2022-2032, USD Million
7. South Korea Positive Displacement Pump Water Pump Market Statistics, 2022-2032F
7.1. Market Size & Growth Outlook
7.1.1.By Revenues in US$ Million
7.1.2.By Units Sold in Million Units
7.2. Market Segmentation & Growth Outlook
7.2.1.By Pump Type- Market Insights and Forecast 2022-2032, USD Million
7.2.2.By End User- Market Insights and Forecast 2022-2032, USD Million
8. Competitive Outlook
8.1. Company Profiles
8.1.1.Hyosung Goodsprings
8.1.1.1. Business Description
8.1.1.2. Product Portfolio
8.1.1.3. Collaborations & Alliances
8.1.1.4. Recent Developments
8.1.1.5. Financial Details
8.1.1.6. Others
8.1.2.WILO SE
8.1.2.1. Business Description
8.1.2.2. Product Portfolio
8.1.2.3. Collaborations & Alliances
8.1.2.4. Recent Developments
8.1.2.5. Financial Details
8.1.2.6. Others
8.1.3.Vaughan Chopper Pumps
8.1.3.1. Business Description
8.1.3.2. Product Portfolio
8.1.3.3. Collaborations & Alliances
8.1.3.4. Recent Developments
8.1.3.5. Financial Details
8.1.3.6. Others
8.1.4.The Weir Group
8.1.4.1. Business Description
8.1.4.2. Product Portfolio
8.1.4.3. Collaborations & Alliances
8.1.4.4. Recent Developments
8.1.4.5. Financial Details
8.1.4.6. Others
8.1.5.SLB
8.1.5.1. Business Description
8.1.5.2. Product Portfolio
8.1.5.3. Collaborations & Alliances
8.1.5.4. Recent Developments
8.1.5.5. Financial Details
8.1.5.6. Others
8.1.6.SPX FLOW
8.1.6.1. Business Description
8.1.6.2. Product Portfolio
8.1.6.3. Collaborations & Alliances
8.1.6.4. Recent Developments
8.1.6.5. Financial Details
8.1.6.6. Others
8.1.7.Grundfos
8.1.7.1. Business Description
8.1.7.2. Product Portfolio
8.1.7.3. Collaborations & Alliances
8.1.7.4. Recent Developments
8.1.7.5. Financial Details
8.1.7.6. Others
8.1.8.JEE Pumps Limited
8.1.8.1. Business Description
8.1.8.2. Product Portfolio
8.1.8.3. Collaborations & Alliances
8.1.8.4. Recent Developments
8.1.8.5. Financial Details
8.1.8.6. Others
8.1.9.KSB Korea Ltd.
8.1.9.1. Business Description
8.1.9.2. Product Portfolio
8.1.9.3. Collaborations & Alliances
8.1.9.4. Recent Developments
8.1.9.5. Financial Details
8.1.9.6. Others
8.1.10. Dae‑A Pump Co., Ltd.
8.1.10.1. Business Description
8.1.10.2. Product Portfolio
8.1.10.3. Collaborations & Alliances
8.1.10.4. Recent Developments
8.1.10.5. Financial Details
8.1.10.6. Others
9. Disclaimer
| Segment | Sub-Segment |
|---|---|
| By Pump Type |
|
| By End User |
|
Research Methodology
This study followed a structured approach comprising four key phases to assess the size and scope of the electro-oxidation market. The process began with thorough secondary research to collect data on the target market, related markets, and broader industry context. These findings, along with preliminary assumptions and estimates, were then validated through extensive primary research involving industry experts from across the value chain. To calculate the overall market size, both top-down and bottom-up methodologies were employed. Finally, market segmentation and data triangulation techniques were applied to refine and validate segment-level estimations.
Secondary Research
The secondary research phase involved gathering data from a wide range of credible and published sources. This step helped in identifying industry trends, defining market segmentation, and understanding the market landscape and value chain.
Sources consulted during this phase included:
- Company annual reports, investor presentations, and press releases
- Industry white papers and certified publications
- Trade directories and market-recognized databases
- Articles from authoritative authors and reputable journals
- Gold and silver standard websites
Secondary research was critical in mapping out the industry's value chain and monetary flow, identifying key market segments, understanding regional variations, and tracking significant industry developments.
Other key sources:
- Financial disclosures
- Industry associations and trade bodies
- News outlets and business magazines
- Academic journals and research studies
- Paid industry databases
Primary Research
To validate secondary data and gain deeper market insights, primary research was conducted with key stakeholders across both the supply and demand sides of the market.
On the demand side, participants included decision-makers and influencers from end-user industries—such as CIOs, CTOs, and CSOs—who provided first-hand perspectives on market needs, product usage, and future expectations.
On the supply side, interviews were conducted with manufacturers, industry associations, and institutional participants to gather insights into current offerings, product pipelines, and market challenges.
Primary interviews provided critical inputs such as:
- Market size and revenue data
- Product and service breakdowns
- Market forecasts
- Regional and application-specific trends
Stakeholders consulted included:
- Leading OEM and solution providers
- Channel and distribution partners
- End users across various applications
- Independent consultants and industry specialists
Market Size Estimation and Data Triangulation
- Identifying Key Market Participants (Secondary Research)
- Goal: To identify the major players or companies in the target market. This typically involves using publicly available data sources such as industry reports, market research publications, and financial statements of companies.
- Tools: Reports from firms like Gartner, Forrester, Euromonitor, Statista, IBISWorld, and others. Public financial statements, news articles, and press releases from top market players.
- Extracting Earnings of Key Market Participants
- Goal: To estimate the earnings generated from the product or service being analyzed. This step helps in understanding the revenue potential of each market player in a specific geography.
- Methods: Earnings data can be gathered from:
- Publicly available financial reports (for listed companies).
- Interviews and primary data sources from professionals, such as Directors, VPs, SVPs, etc. This is especially useful for understanding more nuanced, internal data that isn't publicly disclosed.
- Annual reports and investor presentations of key players.
- Data Collation and Development of a Relevant Data Model
- Goal: To collate inputs from both primary and secondary sources into a structured, data-driven model for market estimation. This model will incorporate key market KPIs and any independent variables relevant to the market.
- Key KPIs: These could include:
- Market size, growth rate, and demand drivers.
- Industry-specific metrics like market share, average revenue per customer (ARPC), or average deal size.
- External variables, such as economic growth rates, inflation rates, or commodity prices, that could affect the market.
- Data Modeling: Based on this data, the market forecasts are developed for the next 5 years. A combination of trend analysis, scenario modeling, and statistical regression might be used to generate projections.
- Scenario Analysis
- Goal: To test different assumptions and validate how sensitive the market is to changes in key variables (e.g., market demand, regulatory changes, technological disruptions).
- Types of Scenarios:
- Base Case: Based on current assumptions and historical data.
- Best-Case Scenario: Assuming favorable market conditions, regulatory environments, and technological advancements.
- Worst-Case Scenario: Accounting for adverse factors, such as economic downturns, stricter regulations, or unexpected disruptions.
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