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From 2024–2031, the worldwide market for water pumps is expected to expand from an initial valuation of $56.10B to an estimated $86.13B, a compound annual growth rate (CAGR) of 6.4%.
One way to move water from one area to another is with the help of a water pump, which works by increasing the pressure of the water. Agricultural, municipal, industrial, and domestic water delivery systems rely on modern water pumps. Sewage treatment plants also make use of water pumps for the conveyance of wastewater. Although electricity is the most common energy source for water pumps, other options including gasoline or diesel engines are also in use.
A mechanism that moves water through pipes is called a water pump. Among the many mechanical equipment that have end-users in homes and businesses, water pumps rank high. Water pumps have several applications, but its main function is to ensure a constant flow of water to homes, businesses, hospitals, and other public and private structures. Several commonplace household items make use of water pumps, such as lawn sprinklers, water coolers, and indoor water features. Depending on the type of pump and the material utilized, it can also feed and convey different types of liquid.
More and more money is going into traditional oil and gas production and exploration, which means more and more water pumps are being used all over the place. The prediction for the water pump market is being driven by upstream activities in the oil and gas industry, which are anticipated to increase output volumes. One important aspect that is driving the expansion of the water pump market is the fact that centrifugal pumps, with their double-entry design, counterbalance the axial hydraulic forces. Global demand for water pumps is projected to rise due to increased use in applications such as water plants, air conditioning, irrigation, drainage, electric power, shipbuilding, firefighting, and industrial water supply systems.
An increase in the demand for pumps, caused by the expansion of the oil and gas sectors, is anticipated to enhance the growth of the water pumps market. An example of this is the predicted increase in oil and gas infrastructure, which is expected to reach $895 million by 2035 from $685 million in 2018, as stated in the NAMISA report. The ease with which automated actuator systems and control systems can replace ordinary valves is another factor fueling the expansion of the water pumps market. There has been a dramatic uptick in the food and drink industry's need for water pumps, particularly in the emerging economies of Latin America and Asia.A single material may or may not be used to produce the three primary components of a pump body: the body, the seat, and the stem. In addition, depending on the needs of the sector, industrial pumps can be either custom-designed and built or purchased with pre-designed valves.
Additionally, pumps are becoming increasingly popular in several well-known processing industries, including the oil and gas, food and beverage, power generating, water and wastewater, chemical, and pharmaceutical sectors. The food and beverage processing business has also grown rapidly in nations like Brazil, India, and others due to a combination of factors, including a dramatic increase in agricultural output and a corresponding increase in the demand for processed foods. Because of this, the processing industries' need for water pumps has skyrocketed, leading to the expansion of the water pumps market. In addition, the water pumps market is expected to be constrained by fluctuations in raw material prices. However, new developments in water pump technology are expected to open up promising potential for the expansion of the water pump market.
The government-imposed lockdowns in numerous countries in 2020 led to low demand from many industries, which in turn reduced the demand for water pumps. Prolonged lockdowns in key global countries caused by the COVID-19 pandemic have halted manufacture of numerous products for the end-user of water pumps. Because of this, the water pump industry has been unable to expand as rapidly as expected during the pandemic. Once upon a time, the demand for equipment and machinery was primarily driven by the United States, Germany, Italy, the United Kingdom, and China. However, due to the spread of the coronavirus, demand for these items came to a standstill in China. Protecting their employees, operations, and supply chains should be the top priority for equipment and machinery manufacturers as they deal with pressing problems and, as the number of COVID-19 infections begins to decline, seek for innovative solutions.
Because of their ability to detect variations in pipeline pressure and shut off when not in use, high efficiency water pumps typically provide an extra benefit to their end customers by decreasing power usage. In addition, the system can run at high speeds with less maintenance thanks to water pumps with excellent efficiency. Since electric water pumps produce fewer carbon emissions than diesel pumps, their replacement with diesel ones is another major driver expected to drive the water pump market growth. The agricultural industry is projected to have a high need for water pumps because of its increasing reliance on groundwater as a result of unpredictable rainfall.
Report Coverage
Global Green Energy research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Green Energy report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Green Energy competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Green Energy market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Green Energy market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Green Energy market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Grundfos Holding A/S, Baker Hughes Inc., Flowserve Corporation, EBARA CORPORATION, Kirloskar Brothers Limited, Xylem, KSB SE & Co. KGaA, Husqvarna AB, Atlas Copco AB, Sulzer Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Green Energy market based on the below-mentioned segments:
Global Green Energy Market, By Type
Centrifugal Pumps
Positive Displacement Pumps
Global Green Energy market, By Application
Oil and Gas
Chemicals
Power Generation
Water/wastewater
Others
Global Green Energy Market, By Driving Force
Electric Driven
Engine Driven
Global Green Energy market, Regional Analysis
One way to move water from one area to another is with the help of a water pump, which works by increasing the pressure of the water. Agricultural, municipal, industrial, and domestic water delivery systems rely on modern water pumps. Sewage treatment plants also make use of water pumps for the conveyance of wastewater. Although electricity is the most common energy source for water pumps, other options including gasoline or diesel engines are also in use.
A mechanism that moves water through pipes is called a water pump. Among the many mechanical equipment that have end-users in homes and businesses, water pumps rank high. Water pumps have several applications, but its main function is to ensure a constant flow of water to homes, businesses, hospitals, and other public and private structures. Several commonplace household items make use of water pumps, such as lawn sprinklers, water coolers, and indoor water features. Depending on the type of pump and the material utilized, it can also feed and convey different types of liquid.
More and more money is going into traditional oil and gas production and exploration, which means more and more water pumps are being used all over the place. The prediction for the water pump market is being driven by upstream activities in the oil and gas industry, which are anticipated to increase output volumes. One important aspect that is driving the expansion of the water pump market is the fact that centrifugal pumps, with their double-entry design, counterbalance the axial hydraulic forces. Global demand for water pumps is projected to rise due to increased use in applications such as water plants, air conditioning, irrigation, drainage, electric power, shipbuilding, firefighting, and industrial water supply systems.
An increase in the demand for pumps, caused by the expansion of the oil and gas sectors, is anticipated to enhance the growth of the water pumps market. An example of this is the predicted increase in oil and gas infrastructure, which is expected to reach $895 million by 2035 from $685 million in 2018, as stated in the NAMISA report. The ease with which automated actuator systems and control systems can replace ordinary valves is another factor fueling the expansion of the water pumps market. There has been a dramatic uptick in the food and drink industry's need for water pumps, particularly in the emerging economies of Latin America and Asia.A single material may or may not be used to produce the three primary components of a pump body: the body, the seat, and the stem. In addition, depending on the needs of the sector, industrial pumps can be either custom-designed and built or purchased with pre-designed valves.
Additionally, pumps are becoming increasingly popular in several well-known processing industries, including the oil and gas, food and beverage, power generating, water and wastewater, chemical, and pharmaceutical sectors. The food and beverage processing business has also grown rapidly in nations like Brazil, India, and others due to a combination of factors, including a dramatic increase in agricultural output and a corresponding increase in the demand for processed foods. Because of this, the processing industries' need for water pumps has skyrocketed, leading to the expansion of the water pumps market. In addition, the water pumps market is expected to be constrained by fluctuations in raw material prices. However, new developments in water pump technology are expected to open up promising potential for the expansion of the water pump market.
The government-imposed lockdowns in numerous countries in 2020 led to low demand from many industries, which in turn reduced the demand for water pumps. Prolonged lockdowns in key global countries caused by the COVID-19 pandemic have halted manufacture of numerous products for the end-user of water pumps. Because of this, the water pump industry has been unable to expand as rapidly as expected during the pandemic. Once upon a time, the demand for equipment and machinery was primarily driven by the United States, Germany, Italy, the United Kingdom, and China. However, due to the spread of the coronavirus, demand for these items came to a standstill in China. Protecting their employees, operations, and supply chains should be the top priority for equipment and machinery manufacturers as they deal with pressing problems and, as the number of COVID-19 infections begins to decline, seek for innovative solutions.
Because of their ability to detect variations in pipeline pressure and shut off when not in use, high efficiency water pumps typically provide an extra benefit to their end customers by decreasing power usage. In addition, the system can run at high speeds with less maintenance thanks to water pumps with excellent efficiency. Since electric water pumps produce fewer carbon emissions than diesel pumps, their replacement with diesel ones is another major driver expected to drive the water pump market growth. The agricultural industry is projected to have a high need for water pumps because of its increasing reliance on groundwater as a result of unpredictable rainfall.
Report Coverage
Global Green Energy research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Green Energy report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Green Energy competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Green Energy market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2031 |
| Base Year | 2023 |
| Forecast Period | 2023-2031 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Grundfos Holding A/S, Baker Hughes Inc., Flowserve Corporation, EBARA CORPORATION, Kirloskar Brothers Limited, Xylem, KSB SE & Co. KGaA, Husqvarna AB, Atlas Copco AB, Sulzer Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Green Energy Market from 2021 to 2031.
- Market Forecast for Green Energy Market from 2021 to 2031.
- Regional Market Share and Revenue from 2021 to 2031.
- Country Market share within region from 2021 to 2031.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Green Energy competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Green Energy
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Green Energy market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Green Energy market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Grundfos Holding A/S, Baker Hughes Inc., Flowserve Corporation, EBARA CORPORATION, Kirloskar Brothers Limited, Xylem, KSB SE & Co. KGaA, Husqvarna AB, Atlas Copco AB, Sulzer Ltd.
Primary Target Market
- Market Players of Green Energy
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Green Energy market based on the below-mentioned segments:
Global Green Energy Market, By Type
Centrifugal Pumps
Positive Displacement Pumps
Global Green Energy market, By Application
Oil and Gas
Chemicals
Power Generation
Water/wastewater
Others
Global Green Energy Market, By Driving Force
Electric Driven
Engine Driven
Global Green Energy market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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