Market Report Summary
Market – Water Pump Market
Market Value – US$ 64 Bn in 2029
Market CAGR Value – 4.2% in 2019 to 2029
Market Forecast Year – 2019 to 2029
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Various end-use industries, particularly chemicals, power, and oil & gas, are undertaking refurbishment activities of plants and various pumping systems to increase production efficiency. Growing demand for retrofitting, upgrades, and replacement of aging assets and industrial systems in developed regions is projected to drive the growth of the water pumps market during the forecast period (2019-2029).
The global water pumps market is estimated to reach US$ 64 Bn valuation by the end of 2029.
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Key Players:
The report has profiled some of the Important players prevalent in the global like – KSB SE & Co. KGaA, Flowserve Corporation, Sulzer AG, Ebara Corporation, GRUNDFOS, The Weir Group PLC, Wilo SE, Xylem Inc., Kirloskar Brothers Limited, Ruhrpumpen Group, Gardner Denver, Inc., Megator Corporation, Viking Pump, Inc., Gorman-Rupp Pumps, Tsurumi Manufacturing Co. Ltd., Mitsubishi Heavy Industries, Ltd., LEWA GmbH, PSG (Dover Corporation), Atlas Copco Group and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Water Pump.
Key Insights of Water Pumps Market Study
- Adoption of IoT-enabled smart pumping systems in industrial activities for performance monitoring and energy efficiency will drive global water pumps market growth.
- Market focus on technological up-gradations, such as smart water pumps for water management systems, will offer major opportunities to enhance sales of water pumps among developing economies in Asia.
- Efficiency of water pumps is projected to play a key role in propelling the demand for centrifugal pumps. Deployment of water pumps with high efficiency has resulted in a 15% rise in sales in developed economies such as the U.S., and this number is expected to grow during the forecast period.
- South Asia and East Asia are projected to be prominent regional markets for water pumps, on the back of growing application in agriculture, water and wastewater treatment, and domestic applications, especially in India and China. Further, increasing government initiatives in India to provide clean drinking water are anticipated to amplify the demand for water pumps.
“Miniaturization of water pumps will increase their demand, especially submersible pumps that are used for domestic applications to get sufficient water. Moreover, it is expected to be a fast-growing and cost-efficient solution for next-generation production processes,” says a PMR analyst.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
Water Pump Market Manufacturers
Water Pump Market Distributors/Traders/Wholesalers
Water Pump Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Water Pump Market Report:
- The Water Pump Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Water Pump Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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