High Demand For Water Pumps Majorly In Municipal Water & Wastewater Drives The Global Water Pump


Posted September 19, 2017 by Dineshpatel

Global Water Pump Market is estimated to reach $67.9 billion by 2024; growing at a CAGR of 5.5% from 2016 to 2024.

 
Global Water Pump Market Report, published by Variant Market Research, forecast that the global market is expected to reach $67.9 Billion by 2024 from $44.3 Billion in 2016, growing at a CAGR of 5.5% from 2016 to 2024. By geography, Asia-Pacific and RoW are expected to grow at a CAGR of 6.3% and 5.7%, respectively, during the forecast period.

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Growth in urbanization and industrialization, water scarcity in certain parts of the region, and high demand for water pumps from various sectors are some of the factors that drive the global water pump market. However, high competition and accessibility to second-rate products may restrict the market growth. Irrespective of the challenges, wastewater treatment plants, rising construction of new water recycling plants, and brownfield projects in the coming years may provide several growth opportunities during the forecast period.

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Global Water Pump Market is categorized as technology, end-user and geography. Technology segment comprises of positive displacement water pump, and centrifugal water pump. With respect to it, centrifugal water pump accounted for the largest market share, whereas, positive displacement water pump is estimated to lead the segment with fastest CAGR. End user is further divided into municipal water & wastewater, oil & gas, energy, chemical, and others. In the year 2016, municipal water & wastewater, and chemicals dominated the segment with supreme market share.

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North America, Europe, Asia-Pacific, and Rest of the World (RoW) are the primary geographical segments of global water pump market. In 2016, Asia-Pacific accounted for the largest market share of 42.9%, owing to rising disposable income, tremendous increase in the usage of pumps in agriculture sector, and surge in brownfield projects. In addition, Asia-Pacific is also projected to grow at the fastest CAGR during the forecast period i.e. 2016-2024. Likewise, Europe held for the second largest market share with 22.2%, in the year 2016.

Major market players include General Electric Company, Weatherford International Inc, Gardner Denver, Inc., Weir Group PLC, Sulzer Ltd., ITT Inc., PROCON Products, Torishima Pump Mfg. Co., Kirloskar Brothers Limited, and KSB Group, among others.

Scope of Water Pump Market

Technology Segments
• Centrifugal Water Pump
• Positive Displacement Water Pump

End-User Segments
• Municipal Water & Wastewater
• Chemical
• Oil & Gas
• Energy
• Other End-Users

Geography Segments
• North America
o U.S.
o Canada
o Mexico

• Europe
o UK
o Russia
o Germany
o France
o Italy
o Others

• Asia-Pacific
o India
o China
o Japan
o South Korea
o Others

• RoW
o South America
o Middle East
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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Issued By Dinesh Patel
Website Variant Market Research
Phone Tel: +1-415-680-2785
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Country United States
Categories Energy
Tags water pump market , water pump market forecast , water pump market global scenario , water pump market outlook , water pump market size , water pump market trend
Last Updated September 19, 2017