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With a predicted CAGR of 6.4% from 2023–2031, the worldwide water pump market size is expected to increase from $56.11 billion in 2023 to $86.13 billion in 2031. 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.
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 agriculture sector is driving demand for water pumps due to factors such as an increasing reliance on groundwater and the unpredictability of the monsoon. The government's plans to upgrade the country's water infrastructure, water supply, and sanitation services are likely to increase demand for water pumps. The country's wastewater treatment plants and desalination plants are receiving more attention, and there are a number of government projects aimed at improving and enhancing the current infrastructure. Water pump demand in India is likely to be driven, in large part, by new infrastructure developments in the coming years.
As existing pumps are improved and used more often in industrial applications, there is expected to be a rise in demand for new, high-efficiency water pumps. The substitution of electric pumps for diesel pumps is another important factor that will have a positive impact on the water pump market. Particularly water pump service providers and manufacturers are stressing the significance of taking advantage of this increasing demand.
An increase in demand in the construction sector, boosted by rapid urbanization and a growing labor force, is poised to propel the global market towards substantial growth. In particular, as of 2023, the construction industry in the US commands a large labor force—nearly 10 million people, or about 8% of the overall workforce. An important building tool, the water pump is most often used to fill spaces between pavers made of different materials, such as concrete, stone, or rock. This adaptable material is becoming increasingly important in the construction industry due to the increasing number of projects aimed at creating pathways, bike lanes, and walkways.
The water pump industry is seeing rapid expansion, but there are a number of obstacles that could derail its future success. The intricacy and accuracy needed for installation constitute a major constraint. Inexperienced users or contractors may find it challenging to achieve ideal outcomes due to the meticulous application and adherence to certain rules. The aesthetic attractiveness of Water Pump can be negatively affected by problems like white haze or residue, which can occur when the material is exposed to moisture during installation or early curing.
Report Coverage
Global Water Pump research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Water Pump report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Water Pump 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 Water Pump 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 Water Pump market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Water Pump 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
Xylem, Kirloskar Brothers Limited, Baker Hughes Inc., KSB SE & Co. KGaA, Sulzer Ltd., Flowserve Corporation, EBARA CORPORATION, Grundfos Holding A/S, Husqvarna AB, Atlas Copco AB
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2031. INFINITIVE DATA EXPERT has segmented the global Water Pump market based on the below-mentioned segments:
Global Water Pump Market, By Type
Centrifugal Pumps
Positive Displacement Pumps
Global Water Pump market, By Application
Oil and Gas
Chemicals
Power Generation
Water/wastewater
Others
Global Water Pump Market, By Driving Force
Electric Driven
Engine Driven
Global Water Pump market, Regional Analysis
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 agriculture sector is driving demand for water pumps due to factors such as an increasing reliance on groundwater and the unpredictability of the monsoon. The government's plans to upgrade the country's water infrastructure, water supply, and sanitation services are likely to increase demand for water pumps. The country's wastewater treatment plants and desalination plants are receiving more attention, and there are a number of government projects aimed at improving and enhancing the current infrastructure. Water pump demand in India is likely to be driven, in large part, by new infrastructure developments in the coming years.
As existing pumps are improved and used more often in industrial applications, there is expected to be a rise in demand for new, high-efficiency water pumps. The substitution of electric pumps for diesel pumps is another important factor that will have a positive impact on the water pump market. Particularly water pump service providers and manufacturers are stressing the significance of taking advantage of this increasing demand.
An increase in demand in the construction sector, boosted by rapid urbanization and a growing labor force, is poised to propel the global market towards substantial growth. In particular, as of 2023, the construction industry in the US commands a large labor force—nearly 10 million people, or about 8% of the overall workforce. An important building tool, the water pump is most often used to fill spaces between pavers made of different materials, such as concrete, stone, or rock. This adaptable material is becoming increasingly important in the construction industry due to the increasing number of projects aimed at creating pathways, bike lanes, and walkways.
The water pump industry is seeing rapid expansion, but there are a number of obstacles that could derail its future success. The intricacy and accuracy needed for installation constitute a major constraint. Inexperienced users or contractors may find it challenging to achieve ideal outcomes due to the meticulous application and adherence to certain rules. The aesthetic attractiveness of Water Pump can be negatively affected by problems like white haze or residue, which can occur when the material is exposed to moisture during installation or early curing.
Report Coverage
Global Water Pump research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Water Pump report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Water Pump 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 Water Pump 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 | Xylem, Kirloskar Brothers Limited, Baker Hughes Inc., KSB SE & Co. KGaA, Sulzer Ltd., Flowserve Corporation, EBARA CORPORATION, Grundfos Holding A/S, Husqvarna AB, Atlas Copco AB |
| 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 Water Pump Market from 2021 to 2031.
- Market Forecast for Water Pump 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, Water Pump competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Water Pump
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Water Pump market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Water Pump 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
Xylem, Kirloskar Brothers Limited, Baker Hughes Inc., KSB SE & Co. KGaA, Sulzer Ltd., Flowserve Corporation, EBARA CORPORATION, Grundfos Holding A/S, Husqvarna AB, Atlas Copco AB
Primary Target Market
- Market Players of Water Pump
- 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 Water Pump market based on the below-mentioned segments:
Global Water Pump Market, By Type
Centrifugal Pumps
Positive Displacement Pumps
Global Water Pump market, By Application
Oil and Gas
Chemicals
Power Generation
Water/wastewater
Others
Global Water Pump Market, By Driving Force
Electric Driven
Engine Driven
Global Water Pump 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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