Global Water Pump Market
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The Global Water Pump Market is anticipated to register a CAGR of around 4.2% during the forecast period, i.e., 2024-32. Also, the market size was valued at nearly USD 44.9 billion in 2023. Throughout the forecast period, the market is predicted to rise steadily. It is also predicted that rising investments in the construction industry in regions like the Middle East & Africa along with favorable policies, such as China’s 13th Five-year plan, which aims at proper wastewater treatment, and India’s Ganga rejuvenation policy would drive global water demand. Pumps are employed to move fluid at a faster rate of discharge or to raise the fluid’s pressure. They are used in chemical manufacture and during oil & gas exploration to precisely dose reactants & reagents during the synthesis of compounds as well as to raise fluid pressure. Water pump sales are anticipated to upscale in the succeeding years due to the growing industrialization.
Moreover, the expansion of the Water Pump Market is projected to be significantly influenced by the anticipated large surge of the agricultural industry globally during the forthcoming years. Also, the relevance of wastewater management is growing as a result of the drastic alterations in global climate & the frequent occurrence of droughts. Furthermore, in residential, commercial, and industrial areas, wastewater treatment is essential, therefore the expansion of the wastewater treatment across numerous end-use sectors is affecting the demand graph of the Water Pumps Market.
Moreover, the large amount of new funding is being attracted by the development of the urban population worldwide and the increase in manufacturing output, Water pumps are predicted to become more in demand throughout the projection period as a result of these upgrades, which should be made to both new & existing facilities. With the exception of certain nations where government programs aim to promote the usage of water pumps in irrigation, municipal buildings, and wastewater treatment plants, the adoption of modern water pumps that are IOT-based is observed to be in great demand, thus creating profitable grounds for the expansion of the Global Water Pump Market in the future years.
Water Pump Market Dynamics
- Increasing Requirement for Water Pumps with Large Capacity to Drive the Market Growth
The Water Pump Market is expanding due to the rising need for large-capacity pumps, especially in industries, including industrial operations, agriculture, and water supply. Large-capacity pumps are necessary to move substantial amounts of water over long distances, generally in regions experiencing water scarcity or fast development, as the demand for effective water management systems grows globally. Large pumps are essential for irrigation in agriculture and for cooling, wastewater treatment, and dewatering activities in sectors such as building and power generation.
Moreover, expanding infrastructure projects & improvements in pump technology, which enhance efficiency and lower energy usage & make them more appealing to end customers, further stimulating the need for large capacity pumps. This, in turn, is aiding in driving the Water Pump Market share.
- Intricate Integration of Advanced Motor Pumps & their High Initial Cost Hinder Market Growth
IoT or Smart water pump integration into current infrastructure & control systems is crucial as it calls for the usage of the right personnel and digital technologies. Additionally, there can be compatibility problems when IoT pumps are integrated with pre-existing networks, software programs, or data management systems. This enhances user complexity and expenses, which deters consumers from adopting the technology and limits the market for Internet of Things water pumps in small-scale economies.
Additionally, the combination of expensive sensors, communication modules, and sophisticated control systems makes them typically more expensive initially than conventional water pumps. Also, the elevated cost of the water pumps makes consumers uneasy, especially in price-sensitive areas such as Africa, India, etc., hence limiting the Water Pump Industry growth.
- Growing Trends in Technological Developments to Fuel the Industry
Advancements in pump technology have resulted in enhanced basic process operations, heightened pump reliability, and a sustained reduction in routine operating procedures. Several companies that use technologically advanced pumps are chemical, agriculture, and various others. Further, the launch of new products is another area that manufacturers are focusing on to satisfy the shifting industry expectations. Thus, to meet greater energy efficiency standards, manufacturers would have to replace their pumps.
Moreover, in the upcoming years, the market for water pumps is predicted to be supported by increasing investments in the oil & gas sector. Technological progress in pump manufacturing & the introduction of new products with an emphasis on enhanced performance are projected to assist the industry's growth. Furthermore, these developments have improved the dependability & performance of pumps while consuming less energy. As these state-of-the-art pumps are used in varied end-use industries, like power, chemicals, agriculture, and others, demand for them is predicted to rise over the forecast period.
Water Pump Market Segment-wise Analysis
By Water Pump Type:
- Centrifugal Pumps
- Positive Displacement Pumps
The Global Water Pump Market has been dominated by the Centrifugal Pumps, as the segment captures the potential market share. This is supported by the wide range of sizes & forms of centrifugal pumps that are available, as well as the fact that they are widely used in both large & small industrial applications, including axial flow pumps and mixed flow pumps. Also, the majority of pumps are utilized in chemical, sewage applications, and petroleum. Hence, this is probably going to make centrifugal pumps even more popular.
Furthermore, centrifugal pumps have no issues with leaks, and they can pump out hazardous liquids without losing any of their performance. Additionally, there is very little possibility of wear & tear on centrifugal pumps due to their straightforward design. Hence, these elements are probably going to drive the centrifugal pumps segment’s market share in the water pump industry.
By End User:
- Oil & Gas
- Power Generation
- Residential
- Agriculture & Irrigation
- Commercial Building
- HVAC
- Chemicals
- Water & Wastewater
- Food & Beverage
- Others
With a high revenue share in 2023, the Agriculture segment led the Global Water Pump Market. The pump’s ability to provide a consistent & adequate flow of water is one of the key aspects propelling the market’s expansion. Building a diverse agricultural supply chain & enhancing the competitiveness & modernity of agriculture in rural areas are other priorities for growing nations such as China & India.
Moreover, building an adequate irrigation system is a major investment for the governments of China & India in their efforts to modernize agriculture. Further, when it comes to sustaining the water supply, centrifugal pumps are typically picked in the agricultural industry.
Regional Projection of Water Pump Industry
The Global Water Pump Market is geographically diversified, covering:
- North America
- Europe
- South America
- The Middle East & Africa
- Asia-Pacific
With the vast agricultural areas & growing end-user industries (food & beverage, water & wastewater, etc.) that are driving up demand for water pumps, the Asia-Pacific region is leading the Global Water Pump Market. To further lessen their reliance on imported fossil fuels as their main energy source, this region’s demand for clean energy has been steadily increasing as a means of decarbonizing several industrial sectors, like oil & gas, power, etc. Thus, owing to these factors the Asia-Pacific Water Pump Market is making substantial investments for renewable energy projects throughout the region.
What Does Our Water Pump Market Research Study Entail?
- Global Water Pump Market Research Report highlights the forecast growth rate or CAGR by anticipating the market size & share.
- The market analysis puts light upon the primary industry trends, driving aspects, potential opportunities, growth challenges, and other major factors.
- Global Water Pump Market Research Report entails details about the most critical shifts in market share in the prominent regions.
- Considering the statistics & the developments by the primary market competitors, our report also strives to demonstrate the most sought-after strategies of the key players.
Table of Contents
- Introduction
- Objective of the study
- Product Definition
- Market Segmentation
- Study Variables
- Research Methodology
- Secondary Data Points
- Companies Interviewed
- Primary Data Points
- Break Down of Primary Interviews
- Secondary Data Points
- Executive Summary
- Market Dynamics
- Drivers
- Challenges
- Opportunity Assessment
- Recent Trends and Developments
- Policy and Regulatory Landscape
- Import and Export Statistics
- Global Water Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Size, By Volume (Billion Units)
- Market Share, By Type of Pumps
- Centrifugal
- End Suction
- Split Case
- Vertical
- Turbine
- Axial Pump
- Mixed Flow Pump
- Submersible Pumps
- Positive Displacement Pumps
- Progressing Cavity
- Diaphragm
- Gear Pumps
- Others
- Centrifugal
- Market Share, By End User Industry
- Oil & Gas
- Power Generation
- Residential
- Agriculture & Irrigation
- Commercial Building
- HVAC
- Chemicals
- Water & Wastewater
- Food & Beverage
- Others
- Market Share, By Region
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Europe
- Germany
- Italy
- UK
- France
- Spain
- Asia-Pacific
- India
- China
- Japan
- Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
- North America
- North America Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Market Share, By Country
- US Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Canada Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Mexico Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- South America Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Market Share, By Country
- Brazil Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Argentina Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Europe Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Market Share, By Country
- Germany Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Italy Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- UK Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- France Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Spain Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Middle East and Africa Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Market Share, By Country
- UAE Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Market Share, By Application
- Saudi Arabia Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- South Africa Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Asia-Pacific Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Market Share, By Country
- India Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- China Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Japan Water & Wastewater Pumps Market Overview (2020-2032)
- Market Size, By Value (in USD Billions)
- Market Share, By Pump Type
- Market Share, By End User
- Competitive Outlook (Company Profiles – Partial List)
- Flowserve Corporation
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Gardner Denver
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Sulzer Limited
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Kirlosker Brothers Ltd.
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- General Electric Company
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Halliburton Company
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- KSB Group
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- CRI Pumps Pvt. Ltd.
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Ebara Corporation
- Company Overview
- Business Segments
- Strategic Alliance/Partnerships
- Recent Developments
- Others
- Flowserve Corporation
- Contact Us & Disclaimer
List of Figure
Figure 1: Market Size by Value (USD Billions), Global Water Pumps Market (2020-2032)
Figure 2: Market Size by Volume (Billion Units), Global Water Pumps Market (2020-2032)
Figure 3: Market Share by Type of Pumps, Global Water Pumps Market
Figure 4: Market Share of Centrifugal Pumps
Figure 5: Market Share of End Suction Pumps
Figure 6: Market Share of Split Case Pumps
Figure 7: Market Share of Vertical Pumps
Figure 8: Market Share of Turbine Pumps
Figure 9: Market Share of Axial Pumps
Figure 10: Market Share of Mixed Flow Pumps
Figure 11: Market Share of Submersible Pumps
Figure 12: Market Share of Positive Displacement Pumps
Figure 13: Market Share of Progressing Cavity Pumps
Figure 14: Market Share of Diaphragm Pumps
Figure 15: Market Share of Gear Pumps
Figure 16: Market Share of Other Pump Types
Figure 17: Market Share by End User Industry, Global Water Pumps Market
Figure 18: Market Share in Oil & Gas Industry
Figure 19: Market Share in Power Generation Industry
Figure 20: Market Share in Residential Sector
Figure 21: Market Share in Agriculture & Irrigation
Figure 22: Market Share in Commercial Buildings
Figure 23: Market Share in HVAC Sector
Figure 24: Market Share in Chemicals Industry
Figure 25: Market Share in Water & Wastewater Sector
Figure 26: Market Share in Food & Beverage Industry
Figure 27: Market Share in Other End User Industries
Figure 28: Market Share by Region, Global Water Pumps Market
Figure 29: Market Size by Value, North America (2020-2032)
Figure 30: Market Share by Pump Type, North America
Figure 31: Market Share by End User, North America
Figure 32: Market Size by Value, US (2020-2032)
Figure 33: Market Share by Pump Type, US
Figure 34: Market Share by End User, US
Figure 35: Market Size by Value, Canada (2020-2032)
Figure 36: Market Share by Pump Type, Canada
Figure 37: Market Share by End User, Canada
Figure 38: Market Size by Value, Mexico (2020-2032)
Figure 39: Market Share by Pump Type, Mexico
Figure 40: Market Share by End User, Mexico
Figure 41: Market Size by Value, South America (2020-2032)
Figure 42: Market Share by Pump Type, South America
Figure 43: Market Share by End User, South America
Figure 44: Market Share by Country, South America
Figure 45: Market Size by Value, Brazil (2020-2032)
Figure 46: Market Share by Pump Type, Brazil
Figure 47: Market Share by End User, Brazil
Figure 48: Market Size by Value, Argentina (2020-2032)
Figure 49: Market Share by Pump Type, Argentina
Figure 50: Market Share by End User, Argentina
Figure 51: Market Size by Value, Europe (2020-2032)
Figure 52: Market Share by Pump Type, Europe
Figure 53: Market Share by End User, Europe
Figure 54: Market Share by Country, Europe
Figure 55: Market Size by Value, Germany (2020-2032)
Figure 56: Market Share by Pump Type, Germany
Figure 57: Market Share by End User, Germany
Figure 58: Market Size by Value, Italy (2020-2032)
Figure 59: Market Share by Pump Type, Italy
Figure 60: Market Share by End User, Italy
Figure 61: Market Size by Value, UK (2020-2032)
Figure 62: Market Share by Pump Type, UK
Figure 63: Market Share by End User, UK
Figure 64: Market Size by Value, France (2020-2032)
Figure 65: Market Share by Pump Type, France
Figure 66: Market Share by End User, France
Figure 67: Market Size by Value, Spain (2020-2032)
Figure 68: Market Share by Pump Type, Spain
Figure 69: Market Share by End User, Spain
Figure 70: Market Size by Value, Middle East & Africa (2020-2032)
Figure 71: Market Share by Pump Type, Middle East & Africa
Figure 72: Market Share by End User, Middle East & Africa
Figure 73: Market Share by Country, Middle East & Africa
Figure 74: Market Size by Value, UAE (2020-2032)
Figure 75: Market Share by Pump Type, UAE
Figure 76: Market Share by End User, UAE
Figure 77: Market Share by Application, UAE
Figure 78: Market Size by Value, Saudi Arabia (2020-2032)
Figure 79: Market Share by Pump Type, Saudi Arabia
Figure 80: Market Share by End User, Saudi Arabia
Figure 81: Market Size by Value, South Africa (2020-2032)
Figure 82: Market Share by Pump Type, South Africa
Figure 83: Market Share by End User, South Africa
Figure 84: Market Size by Value, Asia-Pacific (2020-2032)
Figure 85: Market Share by Pump Type, Asia-Pacific
Figure 86: Market Share by End User, Asia-Pacific
Figure 87: Market Share by Country, Asia-Pacific
Figure 88: Market Size by Value, India (2020-2032)
Figure 89: Market Share by Pump Type, India
Figure 90: Market Share by End User, India
Figure 91: Market Size by Value, China (2020-2032)
Figure 92: Market Share by Pump Type, China
Figure 93: Market Share by End User, China
Figure 94: Market Size by Value, Japan (2020-2032)
Figure 95: Market Share by Pump Type, Japan
Figure 96: Market Share by End User, Japan
List of Table
Table 1: Objective of the Study
Table 2: Product Definition and Specifications
Table 3: Market Segmentation Criteria
Table 4: Study Variables Description
Table 5: Research Methodology Overview
Table 6: Secondary Data Sources
Table 7: Companies Interviewed for Primary Research
Table 8: Breakdown of Primary Interviews by Region/Industry
Table 9: Executive Summary - Key Market Statistics
Table 10: Market Drivers and Their Impact Analysis
Table 11: Market Challenges and Risk Factors
Table 12: Opportunity Assessment by Segment
Table 13: Recent Trends and Developments Summary
Table 14: Policy and Regulatory Framework Overview
Table 15: Import and Export Statistics (Historical and Forecast)
Table 16: Global Water Pumps Market Size (Value in USD Billion) 2020-2032
Table 17: Global Water Pumps Market Size (Volume in Billion Units) 2020-2032
Table 18: Market Share by Pump Type – Global
Table 19: Market Share by End User Industry – Global
Table 20: Market Share by Region – Global
Table 21: North America Market Size and Forecast
Table 22: Market Share by Pump Type – North America
Table 23: Market Share by End User – North America
Table 24: Country-wise Market Size – US, Canada, Mexico
Table 25: South America Market Overview and Size
Table 26: Market Share by Pump Type – South America
Table 27: Market Share by End User – South America
Table 28: Country-wise Market Size – Brazil, Argentina
Table 29: Europe Market Overview and Size
Table 30: Market Share by Pump Type – Europe
Table 31: Market Share by End User – Europe
Table 32: Country-wise Market Size – Germany, Italy, UK, France, Spain
Table 33: Middle East & Africa Market Overview and Size
Table 34: Market Share by Pump Type – Middle East & Africa
Table 35: Market Share by End User – Middle East & Africa
Table 36: Country-wise Market Size – UAE, Saudi Arabia, South Africa
Table 37: Asia-Pacific Market Overview and Size
Table 38: Market Share by Pump Type – Asia-Pacific
Table 39: Market Share by End User – Asia-Pacific
Table 40: Country-wise Market Size – India, China, Japan
Table 41: Competitive Landscape – Key Company Financials and Market Share
Table 42: Flowserve Corporation – Business Segments and Strategic Partnerships
Table 43: Gardner Denver – Business Segments and Strategic Partnerships
Table 44: Sulzer Limited – Business Segments and Strategic Partnerships
Table 45: Kirlosker Brothers Ltd. – Business Segments and Strategic Partnerships
Table 46: General Electric Company – Business Segments and Strategic Partnerships
Table 47: Halliburton Company – Business Segments and Strategic Partnerships
Table 48: KSB Group – Business Segments and Strategic Partnerships
Table 49: CRI Pumps Pvt. Ltd. – Business Segments and Strategic Partnerships
Table 50: Ebara Corporation – Business Segments and Strategic Partnerships
Table 51: Summary of Recent Developments by Key Players
Top Key Players & Market Share Outlook
- Gardner Denver
- Torishima Pump Mfg. Co.
- General Electric Company
- Weir Group PLC
- Weatherford International Inc
- ITT Inc.
- PROCON Products
- KSB Group
- Kirloskar Brothers Limited
- Sulzer Ltd.
- Atlas Copco
- Baker Hughes Incorporated
- Busch LLC
- ClydeUnion Pumps
- Ebara Corporation
- Flowserve Corporation
- Halliburton Company
- ULVAC Technologies
- Jyoti Ltd
- Shakti Pumps India Ltd
- CNP Pumps India Pvt Ltd
- CRI Pumps Pvt Ltd
Frequently Asked Questions
