Worldwide Water Pumps: The APAC Region Will Lead the Water Pumps Market Through 2028| At a CAGR of 5.6%
The Water Pumps market research delivers comprehensive research on the present stage of the market, covers market size with respect to assessment as sales volume, and provides a precise forecast of the market scenario over the estimated period. Also focuses on the product, application, manufacturers, suppliers, and regional segments of the market. Water Pumps market report research highlights market driving factors, an overview of the market growth, industry size, and market share. Subsequently Water Pumps market report depicts the constantly evolving needs of clients, vendors, and purchasers in different regions, it becomes simple to target specific market and generate large revenues in the global industry.
Some of these key players include: Grundfos, Flowserve, Xylem, KSB, Ebara, Sulzer, Pentair, WILO, Shanghai Kaiquan, East Pump, LianCheng Group, CNP, DBP, SHIMGE, Kirloskar Brothers Ltd, Goulds Pumps, Leo Group, Dayuan Pumps Industry, ITT Goulds Pumps, Pedrollo and others.
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Water Pump Market size was valued at US$ 50.45 Bn. in 2021 and the total revenue is expected to grow at 5.6 % through 2021 to 2029, reaching nearly US$ 78.02 Bn.
Market Drivers:
Growing dependency on groundwater and irregularity in monsoon are catalysing demand for water pumps in the agricultural segment. Government efforts to improve water infrastructure, water supply and sanitation services across the country are expected to further drive the use of water pumps in the country. Increase in focus on the development of wastewater treatment plants and desalination plants in the country coupled with various government initiatives for strengthening and developing existing structure. New infrastructure projects are some of the other major factors that are expected to propel demand for water pumps in India during the forecast period.
Industry News:
In May 2021, KSB SE & Co. KGaA launched a new generation of its time-tested submersible grey water pumps on the market, the AmaDrainer 3 type series. This pump is having compact design, integrated float switch, and a diameter of no more than 155 mm make the type series suitable for narrow spaces such as light wells. As a result, it can be used for emergency drainage as well as other purposes including draining exterior basement stairwells and underground corridors. It can also be used to drain shafts and cellar rooms as well as to extract water from reservoirs and rivers.
In September 2021, Kirloskar Brothers Limited launched a new product, NEO series 4-inch borewell submersible pumps. These pumps provide a 60% reduction in electricity costs because to their energy-saving features. Even, this pump is available in a wide range of 40 models.
In March 2022, Sulzer Ltd. Ensival Moret (EM) which is a part of Moret Industries and it offers a wide range of industrial pumps with strong positions in a broad range of industrial applications such as fertilizers, sugar, mining, and chemicals.
Global Water Pumps Market by Type:
Centrifugal Pump
Positive Displacement Pump
Global Water Pumps Market by Application:
Industrial
Building
Agricultural
Municipal
Others
Regional Assessment:
Geographically, the global Water Pumps market is classified into four major regions including North America (the US and Canada), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia-Pacific (India, China, Japan, and Rest of Asia-Pacific), and Rest of the World (Latin America and the Middle East and Africa (MEA)).
Market Segment Analysis:
The Water Pumps Report provides a primary review of the industry along with definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed in addition to manufacturing strategies and fee systems are also analysed. This file additionally states import/export consumption, supply and demand, charge, sales and gross margins.
The Research covers the following objectives:
– To study and analyze the Global Water Pumps consumption by key regions/countries, product type and application, history data from 2016 to 2021, and forecast to 2028.
– To understand the structure of Water Pumps market by identifying its various sub-segments.
– Focuses on the key global Water Pumps manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, Porter’s five forces analysis, SWOT analysis and development plans in next few years.
– To analyze the Water Pumps with respect to individual growth trends, future prospects, and their contribution to the total market.
– To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
– To project the consumption of Water Pumps submarkets, with respect to key regions (along with their respective key countries).
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