Pump Equipment Rental and OEM Sales Benefit from Megaprojects, Digital Innovation, and ESG-Driven Upgrades
SAN ANTONIO, TX — August 27, 2025 — A new analysis by Verify Markets reveals a moderate but strategically important expansion across the North American pump equipment rental and manufacturing markets, driven by megaproject investments, infrastructure upgrades, and increasing digitalization. Despite competitive and operational headwinds, the sector is adapting through innovation, resilience, and customer-centric service models.
The combined market—comprising both pump equipment rentals and OEM sales—has entered a mature but upward trajectory. The rental market, in particular, is expected to grow at a CAGR of 4.0 percent through 2031, reflecting sustained demand across municipal, industrial, and construction sectors.
The sector’s expansion is fueled by robust infrastructure investment, especially in wastewater and stormwater upgrades supported by the Bipartisan Infrastructure Law. Concurrently, the surge in semiconductor fabrication, data center construction, and clean energy projects is accelerating demand for high-performance pumping systems—particularly through rental channels. These megaprojects require rapid deployment of adaptable solutions, offering lucrative opportunities for rental providers.
Additionally, the oil & gas and mining industries are seeing renewed activity. Elevated energy prices and increased shale production, especially in the Permian Basin, are boosting demand for high-pressure pumps and fluid handling systems. The mining sector, supported by strong commodity prices and expansion in critical materials, is also increasing procurement of dewatering and slurry pumps.
However, growth is not without obstacles. Labor shortages, especially of skilled pump technicians, are straining service quality and limiting operational capacity. A broader slowdown in commercial construction is also curbing demand for pump equipment, particularly across retail, warehouse, and manufacturing projects.
The market’s profitability is further challenged by intense price competition, particularly from low-cost Asian imports. While recent tariffs have partially rebalanced the playing field in favor of U.S. manufacturers, price sensitivity remains a persistent challenge for many players.
Pump technology is evolving rapidly. Digitalization, IoT integration, and predictive analytics are becoming standard, particularly among OEMs serving municipal and industrial clients. Energy efficiency is another key trend, with the adoption of IE5 motors, VFDs, and smart control systems helping reduce operating costs and meet sustainability goals.
Leading competitors in the rental segment include United Rentals, Rain for Rent, and Sunbelt Rentals, while the manufacturing market is led by Flowserve Corporation, Gorman-Rupp, and Xylem. Major OEM market participants include: Flowserve Corporation, Gorman-Rupp Pumps, Xylem Inc., Sulzer Ltd., ITT Gould Pumps, KSB, Wilo, Gundfos, EBARA International Corporation, and Pentair, among others.
This report provides an in-depth analysis of the overall North American Pump Equipment OEM and Rental Markets, capturing growth drivers, restraints, market revenues and forecasts, technology trends, and competitive landscape.
A copy of the 2025 North American Pump Equipment Market research report can be obtained at www.verifymarkets.com. Follow us for more updates on LinkedIn @verify_markets. This report is part of Verify Markets’ Energy & Power Equipment market research and consulting practice. Other power rental market reports:
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Verify Markets’ research methodology consists of extensive primary interviews with key participants in the industry along with analysis of secondary resources to validate information. For more information on this report and other research (including custom reports and consulting), contact info@verifymarkets.com or call +1 210.595.9687.