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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Water Pump Market Outlook
The global water pump market size reached a value of approximately USD 67.76 billion in 2023. The market is projected to grow at a CAGR of 4.40% between 2024 and 2032, reaching a value of USD 99.82 billion by 2032.
Key Trends in the Market
Water pump is a device used to pump/move water from one point to another using hydraulic and mechanical principles throughout the piping system. These pumps are widely used for supplying water (fluid) for industrial, residential, municipal, and agricultural purposes, among others.
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- Water pumps are increasingly used for agricultural purposes, as they help in conserving water and ensuring a reliable supply of water across different field sizes for various types of crops.
- The ability of water pumps to de-flood or push out large amount of water quickly from a particular area in case of emergency or heavy rainfall is also favouring the water pump market growth.
- The use of water pumps in hydraulic mining processes is increasing as they help in getting rid of water and also dislodge rock materials and other sediments, revealing gold and gravel at the source.
Global Water Pump Market Analysis
Based on pump type, the market is segmented into centrifugal pump and positive displacement water pump, among others. On the basis of driving force, the market is bifurcated into electric driven and engine driven. By distribution channel, the market is categorised into direct sales and indirect sales.
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On the basis of end use, the market is divided into oil and gas, chemical, power generation, water and wastewater, and general industry, among others. Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global water pump market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Xylem Group
- KSB SE & Co. KGaA
- Sulzer Ltd.
- Weir Group
- Pedrollo SpA
- ITT Goulds Pumps
- Grundfos Holding A/S
- JEE PUMPS (GUJ.) PVT. LTD
- Ebara Corporation
- Calpeda S.p.A
- Others
Market Share by Pump Type
Centrifugal pumps account for a large share of the market, as they are considered to be highly energy efficient which reduces the short-term cost and also reduces the strain on the energy systems. The size of the centrifugal pump is quite small, but the output produced is same as the other pumps. Additionally, the output obtained is consistent and steady, which is further increasing the demand for centrifugal pumps, ultimately leading to the growth of the water pump market.
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Market Share by Region
The Asia Pacific accounts for a significant share of the market, owing to the rising infrastructure development in countries such as China and India. Moreover, the growth of the bio pharmaceutical industry in the region due to increased spending by local governments towards biotechnology, life sciences, healthcare, and pharmaceuticals is boosting the demand for water pumps for various applications. This, in turn, is positively influencing the growth of the market for water pumps in the Asia Pacific.
Competitive Landscape
Xylem Group was founded in 2021 and is headquartered in Manchester, England. It is a water technology company that creates innovative and smart technological solutions to help meet the water and energy needs.
KSB SE & Co. KGaA is an engineering services company that was founded in 1871. It is headquartered in Frankenthal, Germany and is involved in the manufacturing of pumps, valves, and related systems.
Sulzer Ltd. was established in 1834 and has its headquarters located in Winterthur, Switzerland. The manufacturing company is known for producing and selling pumps, compressors, aeration, and separation technologies, among others.
Other market players include Weir Group, Pedrollo SpA, ITT Goulds Pumps, Grundfos Holding A/S, JEE PUMPS (GUJ.) PVT. LTD, Ebara Corporation, and Calpeda S.p.A, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Pump Type |
|
| Breakup by Driving Force |
|
| Breakup by Distribution Channel |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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Water Pump Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately USD 67.76 billion in 2023.
The market is projected to grow at a CAGR of 4.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 99.82 billion by 2032.
The major drivers of the market are rising infrastructure development, high demand for water pumps from chemical industry, and increasing usage for irrigation purposes.
The key trends of the market are development of smarter and more efficient water pumps and the de-flooding features of water pumps.
The various pump types include centrifugal pump and positive displacement water pump, among others.
The major regions in the market include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key players in the market are Xylem Group, KSB SE & Co. KGaA, Sulzer Ltd., Weir Group, Pedrollo SpA, ITT Goulds Pumps, Grundfos Holding A/S, JEE PUMPS (GUJ.) PVT. LTD, Ebara Corporation, and Calpeda S.p.A, among others.
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