Global Water Pump Market Report 2021-2029: Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast
DUBLIN, August 09, 2021– (COMMERCIAL THREAD)–The “Water Pump Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecast, 2021-2029” report was added to ResearchAndMarkets.com offer.
The water pump market is expected to grow at a compound annual growth rate of 6%
The growth can be attributed to increasing urbanization, industrialization and industrial use. Water pumps move water through a piping system and create sufficient pressure for its intended use using various mechanical and hydraulic principles. A pump is powered by an electric motor to convert kinetic or rotational energy into hydrodynamic energy for fluid flow.
This report covers all the quantitative components of the Water Pump industry and also discusses its major drivers, obstacles they face, development potential of the market, and its future prospects.
Wastewater treatment to increase the demand for water pumps
The growing need for wastewater treatment in the industrial sector is expected to lead to an increase in the demand for water pumps in the years to come. In addition, ongoing developments in the industrial sector, especially in electricity and energy, and agriculture, have dramatically increased the current demand for water pumps.
The water pump market is expected to grow in the near future due to several government programs to recycle wastewater to prevent water pollution on a global scale. The need to consume clean water to maintain a healthy and disease-free lifestyle, the development of water recycling industries and the growing demand for solar water pumps are all expected to generate substantial growth potential for stakeholders. of the water pump market in the years to come. .
There are, however, factors hampering the water pump market, the growing threat posed by unorganized competitors in Asia-Pacific, especially in the agricultural sector. Poor farmers in underdeveloped countries are price sensitive and prefer to acquire low cost water pumps rather than brand name pumps.
Centrifugal water pumps dominate the market
The market has been segmented on the basis of type, end user and region. On the basis of type segment, the water pump market is divided into centrifuges, positive displacement and axial flow. Centrifugal water pumps are widely used in industrial applications such as buildings, wells, fire protection systems and hot water circulation. In hydraulic systems, positive displacement water pumps are used.
Centrifugal pumps dominated the water pump market, accounting for more than half of the market share. A large number of applications involve centrifugal pumps and can be used in various configurations such as axial and mixed flow pumps, single stage pumps, submersible pumps, multistage pumps and circulatory and non-circulating pumps. joint to solve the difficulties of flow control in various end uses.
Based on the end user, the market is divided into industrial, municipal, agricultural and domestic. The general industrial sector has dominated the market due to increasing urbanization and industrialization in countries like India and China.
Asia-Pacific leads the world market
This geographic expansion could be attributed to ongoing infrastructural developments in developing countries like China and India. In addition, the region’s growing dependence on groundwater for agriculture and irrigation purposes due to erratic monsoons is expected to lead to increased demand for water pumps in the coming years.
Over the next few years, North America should offer significant growth opportunities. Increasing domestic business in developed countries such as Canada and United States is expected to drive the growth of the region’s water pump market. In addition, the increase in government initiatives in the United States to recycle wastewater is expected to boost the North American water pump market during the forecast period.
Gardner Denver, Torishima Pump Mfg. Co., Ltd., Kirloskar Brothers Limited, Baker Hughes Incorporated, Weatherford International Inc, General Electric Company, Ebara Corporation, V-Guard, CRI Pumps Pvt. Limited and Xylem Inc. are the main players in this market.
Players have used a range of marketing techniques to stay competitive in the global water pump market, including new product launches, expansion, joint ventures, and acquisitions. The report contains an in-depth review of the major companies as well as a discussion of the competition in the market. Product launch is a crucial tactic for the major players in the water pump market.
Main topics covered:
Chapter 1. Preface
Chapter 2. Executive summary
Chapter 3. Water Pumps Market: Market Dynamics and Future Prospects
3.1. Market Snapshot
3.2. Current scenario: new product launches, increased animal-free testing
3.6. Attractive investment proposition, by geography, 2020
3.7. Competitive landscape (key players)
3.7.1. Mergers and Acquisitions Analysis
3.7.2. Agreements, collaborations and partnerships
3.7.3. New product launches
Chapter 4. Water Pump Market, by Type, 2019-2029 (US $ M)
4.3. Positive displacement
4.4. Axial flow
Chapter 5. Water Pump Market, by End User, 2019-2029 (US $ M)
Chapter 6. Water Pumps Market, by Regional Market Analysis, 2019-2029 (US $ M)
6.1. Definition and scope
6.2. Regional market share analysis, 2019 and 2029
6.3. Regional market dashboard
6.4. Regional market overview
6.5. Regional market share analysis 2019 to 2029
Chapter 7. North America Water Pumps Market, Regional Market Analysis, 2019-2029 (USD Million)
Chapter 8. Latin America Water Pumps Market, Regional Market Analysis, 2019-2029 (USD Million)
Chapter 9. Europe Water Pump Market, Regional Market Analysis, 2019-2029 (USD Million)
Chapter 10. Asia-Pacific Water Pumps Market, Regional Market Analysis, 2019-2029 (USD Million)
Chapter 11. Middle East & Africa (MEA) Water Pumps Market, Regional Market Analysis, 2019-2029 (Million US $)
Chapter 12. Company Profiles
12.1. Company presentation
12.2. Financial information (subject to data availability)
12.3. Application portfolio
12.4. Key developments
Torishima Pump Mfg. Co. Ltd.
Kirloskar Brothers Limited
Baker Hughes Incorporated
Weatherford International Inc
General Electricity Company
CRI Pumps Pvt. Limit
For more information on this report, visit https://www.researchandmarkets.com/r/xs1u5z
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210809005417/en/
Laura Wood, Senior Press Director
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