Water Pump Market size was valued at US$ 53.27 Bn. in 2022 and the total revenue is expected to grow at 5.6 % through 2023 to 2029, reaching nearly US$ 78.02 Bn.
Water Pump Market Overview:
The purpose of this study is to provide an in-depth analysis of the Water Pump Market by component, application, industry, and geography. The study provides detailed information on the major factors influencing the growth of the Water Pump industry. The study also provides a thorough examination of the market's value chain.
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Water Pump Market Scope:
The research method used to assess and forecast the Water Pump market begins with gathering revenue data from key suppliers using secondary research sources. When defining market segmentation, vendor offerings are also considered. Using the bottom-up method, the income of major corporations was utilized to assess the total size of the Water Pump market.
Water Pump Market Drivers:
Growing dependency on groundwater and irregularity in monsoon are catalysing demand for water pumps in the agricultural segment. Government efforts to improve water infrastructure, water supply and sanitation services across the country are expected to further drive the use of water pumps in the country. Increase in focus on the development of wastewater treatment plants and desalination plants in the country coupled with various government initiatives for strengthening and developing existing structure. New infrastructure projects are some of the other major factors that are expected to propel demand for water pumps in India during the forecast period.
Demand for new high-efficiency water pumps are estimated to grow as outdated pumps and water pumps are upgraded in industrial application. Another key aspect that will favourably affect the water pump market is the alternative of diesel pumps with electric ones. Water pump service companies and manufacturers, in particular, are emphasising the importance of capitalising on this growing demand.
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Water Pump Market Segmentation:
by Pump Type
Centrifugal Pump
Positive Displacement water pump
Others
by End-User
Oil and Gas
Chemical
Power Generation
Water and Wastewater
General Industry
by Driving Force
Electric Driven
Engine Driven
by Distribution Channel
Direct Sales
Indirect Sales
Water Pump Market Key Players: The key players are
1.Gardner Denver
2.Torishima Pump Mfg. Co.
3.General Electric Company
4.Weir Group PLC
5.Weatherford International Inc
6.ITT Inc.
7.PROCON Products
8.KSB Group
9.Kirloskar Brothers Limited
10.Sulzer Ltd.
11.Atlas Copco
12.Baker Hughes Incorporated
13.Busch LLC
14.ClydeUnion Pumps
15.Ebara Corporation
16.Flowserve Corporation
17.Halliburton Company
18.ULVAC Technologies
19.Jyoti Ltd
20.Shakti Pumps India Ltd
21.CNP Pumps India Pvt Ltd
22.CRI Pumps Pvt Ltd
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Water Pump Market Regional Analysis:
Market share information for North America, Europe, Asia-Pacific, the Middle East, and Africa, and South America are available separately. Maximize analysts assess competitive strengths and conduct competitive analysis on each rival separately.
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COVID-19 Impact Analysis on Water Pump Market: The report also includes the detailed impact of COVID-19 on the Water Pump market.
Key Questions Answered in the Water Pump Market Report are:
- Which segment had the largest share in the Water Pump market?
- How is the competitive scenario of the Water Pump market in 2020?
- Which are the key drivers impacting the Water Pump market growth?
- Which region holds the maximum share in the Water Pump market?
- What will be the CAGR of the Water Pump market during the forecast period (2021-2027)?
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