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In 2021, the market size for pumps was estimated at USD 45.8 billion. During the projection period (2023 - 2030), the pumps market industry is anticipated to increase from USD 47.9 billion in 2022 to USD 66.1 billion, registering a compound yearly growth rate (CAGR) of 5.70%. A significant market driver for the pumps industry is the rapid expansion of the building and construction, as well as the food and beverage industries.
On Earth, more than two thirds of people live in areas where there is a water shortage for at least one month each year. China and India are the countries where this level of water scarcity is most prevalent. As a result, it is projected that the need for wastewater treatment would rise, improving water efficiency and supplying water to both the municipal and industrial sectors. In 2020, high-income countries are expected to treat around 74% of the industrial and municipal wastewater they produce, compared to 43% for upper-middle-income countries and roughly 26% for lower-middle-income countries, according to the United Nations University Institute of Water, Environment and Health. Due to an increasing water shortage and increased environmental awareness, emerging nations will likely require more water treatment facilities and, as a result, pumps in those facilities. The modular architecture of wastewater treatment plants has minimised the initial issue of a high initial outlay and provided an economical solution. Thus, it is predicted that over the projection period, demand for pumps would increase as a result of growing concerns over the environmental effects of wastewater and water scarcity, rigorous governmental regulations, and declining costs of water treatment plants.
The pumps market has grown as a result of improved infrastructure and greater industrial activity. Pumps are increasingly needed, especially given how swiftly the chemical industries throughout the world have grown. Recent improvements in corrosion-resistant pumps have increased the usage of pumps in chemical transfer systems. These pumps make it simple to move chemicals like sodium hydrochloride and sulfuric acid. Unique developments like leak detection pressure switches that ensure safety during chemical activities have helped the growth of the pumps industry in recent years. As a result, this aspect has recently increased the CAGR of the pumps market internationally.
In addition, a number of developing countries, including India, are actively seeking international alliances to get access to foreign markets. By offering financial support, India in particular is fostering technological development and enhancing its small businesses so they may enter high-tech industries like aerospace and defence. Additionally, a large number of lesser-known pump manufacturers are actively advertising pricing for high-quality alternatives to the expensive pumps on the market. These investments and activities have increased the market value of pumps in recent years.
Energy-saving products are more expensive in North America, Europe, and Asia. The governments of such countries have also put in place stringent government regulations to encourage the production of energy-efficient products across all industries. The Indian government has offered details on how solar water pumps might be used to generate cheap electricity. These widespread notifications to farmers and agriculturalists have stimulated the building of irrigation facilities. resulting in an increase in pump market revenue.
Report Coverage
Global Pumps research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pumps report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pumps 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 Pumps 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 Pumps market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pumps 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
Rundfos (Denmark), Sulzer (Switzerland), Flowserve (US), ITT Corporation (US), Danfoss (Denmark), Ingersoll-Rand (Ireland), The Weir Group (UK), Ebara Corp (Japan), KSB (Germany), Schlumberger (US), Nikkiso Co Ltd (Japan), Wilo AG (Germany) and Roper Industries (US)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Pumps market based on the below-mentioned segments:
Global Pumps Market, By Type
Positive Displacement
Dynamic
Global Pumps Market, By End User
Oil & Gas
Water & Wastewater
Power Generation
Chemicals
Pharmaceutical
Food & Beverage
Others
Global Pumps market, Regional Analysis
On Earth, more than two thirds of people live in areas where there is a water shortage for at least one month each year. China and India are the countries where this level of water scarcity is most prevalent. As a result, it is projected that the need for wastewater treatment would rise, improving water efficiency and supplying water to both the municipal and industrial sectors. In 2020, high-income countries are expected to treat around 74% of the industrial and municipal wastewater they produce, compared to 43% for upper-middle-income countries and roughly 26% for lower-middle-income countries, according to the United Nations University Institute of Water, Environment and Health. Due to an increasing water shortage and increased environmental awareness, emerging nations will likely require more water treatment facilities and, as a result, pumps in those facilities. The modular architecture of wastewater treatment plants has minimised the initial issue of a high initial outlay and provided an economical solution. Thus, it is predicted that over the projection period, demand for pumps would increase as a result of growing concerns over the environmental effects of wastewater and water scarcity, rigorous governmental regulations, and declining costs of water treatment plants.
The pumps market has grown as a result of improved infrastructure and greater industrial activity. Pumps are increasingly needed, especially given how swiftly the chemical industries throughout the world have grown. Recent improvements in corrosion-resistant pumps have increased the usage of pumps in chemical transfer systems. These pumps make it simple to move chemicals like sodium hydrochloride and sulfuric acid. Unique developments like leak detection pressure switches that ensure safety during chemical activities have helped the growth of the pumps industry in recent years. As a result, this aspect has recently increased the CAGR of the pumps market internationally.
In addition, a number of developing countries, including India, are actively seeking international alliances to get access to foreign markets. By offering financial support, India in particular is fostering technological development and enhancing its small businesses so they may enter high-tech industries like aerospace and defence. Additionally, a large number of lesser-known pump manufacturers are actively advertising pricing for high-quality alternatives to the expensive pumps on the market. These investments and activities have increased the market value of pumps in recent years.
Energy-saving products are more expensive in North America, Europe, and Asia. The governments of such countries have also put in place stringent government regulations to encourage the production of energy-efficient products across all industries. The Indian government has offered details on how solar water pumps might be used to generate cheap electricity. These widespread notifications to farmers and agriculturalists have stimulated the building of irrigation facilities. resulting in an increase in pump market revenue.
Report Coverage
Global Pumps research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Pumps report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Pumps 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 Pumps market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Rundfos (Denmark), Sulzer (Switzerland), Flowserve (US), ITT Corporation (US), Danfoss (Denmark), Ingersoll-Rand (Ireland), The Weir Group (UK), Ebara Corp (Japan), KSB (Germany), Schlumberger (US), Nikkiso Co Ltd (Japan), Wilo AG (Germany) and Roper Industries (US) |
| 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 Pumps Market from 2021 to 2030.
- Market Forecast for Pumps Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Pumps competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Pumps
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Pumps market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Pumps 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
Rundfos (Denmark), Sulzer (Switzerland), Flowserve (US), ITT Corporation (US), Danfoss (Denmark), Ingersoll-Rand (Ireland), The Weir Group (UK), Ebara Corp (Japan), KSB (Germany), Schlumberger (US), Nikkiso Co Ltd (Japan), Wilo AG (Germany) and Roper Industries (US)
Primary Target Market
- Market Players of Pumps
- 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 2030. INFINITIVE DATA EXPERT has segmented the global Pumps market based on the below-mentioned segments:
Global Pumps Market, By Type
Positive Displacement
Dynamic
Global Pumps Market, By End User
Oil & Gas
Water & Wastewater
Power Generation
Chemicals
Pharmaceutical
Food & Beverage
Others
Global Pumps 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
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