The Global Market for Water Pumps Estimated at USD 53400 Million In the Year 2022, Is Projected To Reach A Revised Size Of USD 72900 Million By 2030, Growing At A CAGR Of 4.10% Over The Forecast Period 2022-2030.
A water pump is a device that increases the water pressure in order to propel the flow of liquid water from one point to another with a greater force.
Water pump is a tool that raises water pressure so that it may be moved from one place to another. Modern water pumps are utilized globally to deliver water for agricultural, industrial, municipal, and residential uses.
Top Key Players Covered in The Water Pumps Market
· Ebara International Corporation (Japan)
· Flowserve Corporation (US)
· Gorman-Rupp Company (US)
· KGAA (Germany)
· Sulzer LTD 9 (Switzerland)
· Tsurumi Manufacturing Co. Ltd. (Japan)
· ATLAS COPCO (Sweden)
· Baker Hughes (US)
· WILO SE (Germany)
· Grundfos (Denmark)
· Husqvarna AB (Sweden)
· Xylem (US) and Other Major Players
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The need for pumps rises as the oil and gas sectors expand, which is expected to accelerate the expansion of the water pump market. In addition, the demand for water pumps is increasing due to the ease with which ordinary valves may be modified utilizing automated actuators or control systems. Additionally, the food and beverage sector, particularly in developing countries, has seen significant growth in demand for water pumps. The major components of a pump body are the body, seat, and stem, which may or may not be made of the same material.
Segmentation Analysis Of The Water Pumps Market
Water Pumps market segments cover the Type, Driving Force, and Application. By Application, the oil & gas segment is Anticipated to Dominate the Market Over the Forecast period.
The oil & gas segment generated the highest revenue and water/wastewater is expected to grow at the highest CAGR during the forecast period. The oil & gas industry is the highest consumer of water pumps, mainly owing to the high demand for water pumps from nearly all its activities.
By Type
· Centrifugal Pumps
· Positive Displacement Pumps
By Driving Force
· Electric Driven
· Engine Driven
By Application
· Oil & Gas
· Chemicals
· Power Generation
· Water/wastewater
· Others
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The large presence of agricultural land as well as the high growth of industries such as water & wastewater treatment, and food & beverages are raising the demand for water pumps in the region. Moreover, the decarbonization efforts for sustainable development of sectors such as power, oil & gas, fertilizers, etc., owing to the high rate of emissions of these sectors, are enlarging the demand for clean energy. This would lead to high demand generation for water pumps for upcoming renewable power projects in the coming years.
By Region
• North America (US, Canada, Mexico)
• Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
• Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
• Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
• South America (Brazil, Argentina, Rest of SA)
The inflating investments in agricultural infrastructure and the increasing reliance on groundwater for farming activities are primarily driving the India water pumps market. Besides this, the development of sewage treatment plants (STPs) which rely on municipal wastewater pumps that effectively transport sewage, stormwater, sludge, and mechanically treated wastewater from treatment tanks, is acting as another significant growth-inducing factor.
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