Water Pumps Market Size, Share, Trends, Demand, Growth and Competitive Analysis| MarkNtel
MarkNtel Advisors
recently published a detailed industry analysis of the Water Pumps Market. The report covers growth trends, geographical marketing
strategies, challenges, opportunities, and drivers influencing the market.
Water Pumps Market Size, Share, and Trends
Analysis Report – Industry Overview and Forecast to 2030
The Water Pumps Market size was valued
at around USD 47.40 billion in 2024 and is projected to
reach USD 58.18 billion by 2030. Along with this, the market is
estimated to grow at a CAGR of around 3.72% during the forecast period, i.e.,
2025-30.
What are
the major Driver the Water Pumps industry?
Extensive Growth of the Oil & Gas
Industries Augmenting the Demand for Water Pumps – The
main sectors in the energy market and important players in the international
economy, oil and natural gas, are the main suppliers of fuel worldwide. The
International Labour Organisation estimates that the oil sector contributed 3%
of GDP in 2020 and that crude oil commerce was worth USD 640 billion, making it
one of the most traded commodities globally. For many industries, such as
electricity generation, petrochemicals, transportation, etc., oil is an
important energy source, which constantly raises demand for it. The continual
rise in demand for oil as a critical energy source for a variety of industries,
including power generation and transportation, has increased the demand for
water pumps used in oil extraction and processing. Furthermore, the major
participants in the oil and gas sectors have been presenting strategies to
increase their production capacity by constructing new production bases or
extending their existing oil manufacturing facilities. For instance,
In 2023, Hindustan
Petroleum Corp. (HPCL) announced plans to start a Barmer refinery and
petrochemical project by 2024 in India to reduce petrochemical imports.
Further, the
governments of countries such as Brazil, Guyana, etc., are also focusing on
strengthening their energy security by planning to establish new oil & gas plants.
Thus, the inception of new oil & gas industries to mitigate the reliance on
other countries for oil & gas imports would further augment the size &
volume of the Global Water Pump Market in the coming years.
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What segments define the Water Pumps market
from 2025 to 2030? How do these segments contribute to market dynamics and
growth?
·
By Type
- Centrifugal Pump–Market Size & Forecast 2020–2030F, USD
Million
- Positive Displacement Pump – Market Size & Forecast 2020 –
2030F, USD Million
According to report, Centrifugal pumps are high-speed
pumps that cause the shearing of fluid, making them suitable for the
transportation of low-viscosity materials.
·
By End User
- Oil & Gas - Market Size & Forecast 2020-2030F, USD Million
- Power Generation - Market Size & Forecast 2020-2030F, USD Million
- Residential – Market Size & Forecast 2020-2030F, USD Million
- Agriculture & Irrigation – Market Size & Forecast
2020-2030F, USD Million
- Commercial Building – Market Size & Forecast 2020-2030F, USD
Million
- HVAC – Market Size & Forecast 2020-2030F, USD Million
- Chemicals – Market Size & Forecast 2020-2030F, USD Million
- Water & Wastewater – Market Size & Forecast 2020-2030F,
USD Million
- Food & Beverage – Market Size & Forecast 2020-2030F, USD
Million
- Others– Market Size & Forecast 2020-2030F, USD Million
According to report, the power generation
segment holds a significant market share due to the increasing demand for
energy and the need for continuous power supply to cities and industrial units.
Explore the Complete Water Pumps Market
Analysis Report – https://www.marknteladvisors.com/research-library/global-water-pumps-market.html
Geographical Analysis: Water Pumps Market
- Asia-Pacific
- North America
- South America
- Europe
- Middle East & Africa
Water Pumps Market Share & Competitive
Landscape:
The Water Pumps
Market is characterized by intense competition, with several key players
driving growth through innovation, market expansion, and strategic investments.
The competitive landscape provides valuable insights into the industry's
leading companies, highlighting their strengths, financial performance, and
market influence.
Leading Companies in the Water Pumps Market are:
·
Flowserve
Corporation
·
Pentair
PLC
·
Sulzer
Limited
·
Kirloskar
Brothers Limited (KBL)
·
Grundfos
·
Xylem
Inc.
·
KSB
Group
·
Wilo
·
ITT
Inc.
·
Torishima
Pump MFG. Co. LTD.
Water Pumps Industry
Recent Development:
- 2023: WILO SE signed a MoU with the Ministry of Investment in Saudi Arabia
to expand its presence in the Kingdom. As part of the agreement, the
company aims to invest in an assembly facility that allows the company to
assemble pumps & systems locally for the Saudi market, as well as grow
its existing sales office into regional headquarters.
- 2023: KSB SE & Co. KGaA supplied wastewater pumps to the Bailonggang wastewater
treatment plant in Shanghai, Asia's largest wastewater treatment plant.
The company has supplied a total of 300 submersible pumps to the project
to clean one-third of all the wastewater from a catchment area of over 270
km².
- 2023: Xylem Inc. acquired Evoqua Water Technologies, a leader in North
American water treatment, by purchasing its all-stock value of USD 7.5
billion, aiming to tap into a growing global awareness of risks around
water scarcity.
- 2023: Kirloskar Brothers Limited launched a new end suction pump, the DB xe, which offers
world-class features to meet the global benchmark minimum efficiency
index. Through this launch, the company aims to export the product into
key international markets such as the UK, the USA, Africa, Southeast Asia,
the Middle East, and countries in the Indian Subcontinent.
Questions Addressed in this Study
1.What factors are
driving the Water Pumps Market growth?
2.How is the Water
Pumps Market expected to grow over the next five years?
3.What are the key
insights into the current trends in the Water Pumps Market?
4.What is the
current size of the Water Pumps Market, and how is it projected to change in
the future?
6.What is the
future outlook for the Water Pumps Market in terms of technological
advancements and market expansion?
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