Water and Wastewater Pump Market: Valued at USD 10 Billion in 2024 & to Achieve 4.2% CAGR in 2024-32
As per the research report by Report Cube, the Global Water and Wastewater Pump Market size was valued at nearly USD 10 billion in 2024, and is estimated to grow at a CAGR of about 4.2% during the forecast period, 2024-32.
The need for clean water is rising due to several factors, like urbanization, the oil & gas industry, technological advancements, and the developing industry. Urbanization has led to the need for new sewage, water treatment, and drainage infrastructure to be built. Consequently, this innovation has a big effect on how pumps are used to control wastewater treatment & water distribution. Furthermore, other issues like biodiversity loss, declining land fertility, and degradation of natural habitat are pushing governments & other corporations in Japan, China, and the European Union countries to invest in water & wastewater treatment infrastructure. This has led to a noticeable rise in the requirement for a wide range of pumps to support varied treatment processes.
Additionally, the recycling & reuse of wastewater is becoming more & more vital as the scarcity of water has become a severe issue in several regional countries globally. By purifying & reusing wastewater for use in homes, businesses, and even agriculture, wastewater recycling assists in conserving water resources. Pumps for water & wastewater are in great demand due to the growth of sectors like chemical, F&B. energy, medicines, etc. Also, in addition to using a lot of water in their daily operations, these industries generate a lot of wastewater that needs to be treated before being disposed of.
Furthermore, in response to the rising need for wastewater treatment & ecological energy sources, new technologies are being created. The Sludge-to-Energy system is an additional illustration of this type of technology. It uses thermal hydrolysis as a pre-treatment to turn sewage sludge into biogas. Waste management, pollution, and energy consumption are some of the ecological problems that this technology is meant to be crucial in resolving. Due to this, it is becoming more & more well-liked in both developed & developing countries, such as China, the US, Brazil, and Norway. This is generating even more lucrative prospects for the market in the forecast years, further states the research study, Global Water and Wastewater Pump Market Analysis, 2024.
Analyzing the Water and Wastewater Pump Market Segmentation
Municipal Water & Wastewater Segment to Grab Highest Market Share
By end user, the Global Water and Wastewater Pump Market is bifurcated into: Industrial Water & Wastewater and Municipal Water & Wastewater.
Of the two, Municipal Water & Wastewater accounted for the largest share of the Water and Wastewater Pump Industry. The rising demand for consistent water supply & efficient wastewater treatment in urban areas is the cause of this dominance in the global market. Owing to the increasing urbanization, population expansion, and aging water infrastructure, municipalities have had to invest heavily in modernizing waste distribution systems & expanding wastewater treatment facilities. Moreover, government & public sector groups are also focusing on improving wastewater treatment methods & raising access to potable water to meet environmental regulations.
Asia-Pacific to Dominate the Global Water and Wastewater Pump Market
The Asia-Pacific region dominated the Global Water & Wastewater Pump Market, capturing the largest market share. This is attributed to the growing usage of decentralized wastewater treatment systems, the expansion of PPP (public-private partnerships), and the industrialization of the area. The amount of funding allocated to the governments in the region to upgrade their wastewater management infrastructure has been steadily rising. Moreover, the players in the Asia-Pacific Water & Wastewater Market are working with the appropriate authorities to install the pumps at the wastewater treatment facilities for municipalities.
Water and Wastewater Pump Market Companies Analysis
With the strategic analysis & market study the leading companies, including Flowserve Corporation, Pentair PLC, Sulzer Limited, Kirloskar Brothers Limited (KBL), Grundfos, Xylem Inc, KSB Group, Wilo, Ebara Corporation, Franklin Electric , Armstrong Fluid Technologies , Other, are predicted to contribute in the growing market outlook.