Booster Pump Market: Global Industry Analysis and Forecast (2023 -2029) Trends, Statistics, Dynamics, Segmentation by Type, Application, End-user, and Region

The Booster Pump Market size was valued at USD 2.45 Bn. in 2022 and the total Booster Pump revenue is expected to grow by 4.8 % from 2023 to 2029, reaching nearly USD 3.56 Bn.
Booster Pump Market Overview:
Booster pumps boost the pressure in existing fluid flow systems. They are intended to assist pumping systems in reaching higher flow rates and overcoming high system heads. Booster pumps are typically used in water systems or applications with low waste contamination. They have commercial, municipal, and military applications, and they are used in a variety of industries such as aerospace, mining, and food processing. They are used to improve the performance of an existing pumping system. Booster pumps are centrifugal pumps that use one or more impellers to draw and move fluid.

Ongoing technological advancements that have enabled deep-water and ultra-deepwater explorations are expected to boost oil production and provide market growth opportunities for the Booster Pump Market under consideration. For example, Flowserve Corporation, a major provider of flow control products and services for global infrastructure markets, signed a contract in June 2022 to supply pumps to TMGcore, Inc., a Texas-based leading provider of high-performance computing solutions specializing in liquid immersion cooling technology.

The growing population of many developing countries is expected to drive demand for residential construction. The construction process necessitates the consumption of a large amount of water. As a result of the increase in water consumption from single water sources and the municipal corporation's poor water management, the demand for booster pump installation is increasing. The government's strict regulation of energy usage and the upgrade of domestic water booster pumps has been shown to save energy, which increases the demand for energy-efficient Booster Pump markets globally.
Competitive landscape
The global Booster Pump market is highly competitive, with several key players operating in the industry. Some of the leading players in the market include Grundfos, Sulzer Ltd., KSB SE & Co. KGaA, Xylem Inc., Flowserve Corporation, Torishima Pump Mfg. Co. Ltd., WILO SE, Kirloskar Brothers Limited, Ebara Corporation, and ITT Inc. These companies are investing heavily in research and development activities to introduce advanced products and gain a competitive edge in the Booster Pump Market. They are also engaging in strategic partnerships, collaborations, and mergers and acquisitions to expand their product portfolios and increase their market share. In addition, these companies are focusing on developing energy-efficient booster pumps that consume less energy and provide better performance. They are also emphasizing on providing after-sales services and support to customers, which helps in building strong relationships with them.

According to MMR research, the global industrial pumps market is currently worth approximately $2.45 billion and is expected to reach $3.56 billion in 2029. As low-cost Asian players have steadily increased their market share in the commoditized pump segment, speciality booster pump OEMs and distributors have focused on differentiation through product quality, reliability, and service to drive organic growth, particularly in regulated or critical applications such as oil and gas. Furthermore, leading OEMs and distributors have continued to seek value creation through acquisitions.To know about the Research Methodology :- Request Free Sample Report
Market Dynamics:
Incremental product innovation

R&D investment remains an important strategy for OEMs to differentiate on high-quality products, many of which must meet increasingly stringent technical specifications. For example, the new water booster pump system drives down energy consumption by 80% and increases reliability. General Motors (GM) needed to relocate the facility's city water booster pumping system due to major renovations at their Pontiac Operations Complex. A highly efficient pumping system suitable for current plant requirements was developed using a systems approach and careful planning. The demand for city water had decreased significantly due to a significant decrease in the workforce and production at this facility. GM was able to replace the five original 60- to 100-hp pumps with three 15-hp pumps whose speed could be adjusted to meet plant requirements by relocating the pumping system. As a result, GM cut pumping system energy consumption by 80% (225,100 kWh per year), saving $11,255 in annual pumping costs.

GM estimates a simple payback of 4.0 years with a capital investment of $44,966 in the energy efficiency portion of their new system. The report covered the detailed analyses of new investment plans and advancement done by key players in the Booster Pump Market report.

Booster station expands to meet the growing demand for drinking water

The booster pump market has been experiencing a steady growth trend in recent years and is expected to continue growing in the coming years. The market is driven by a combination of factors such as increasing demand for clean water, growing urbanization, and the need for energy-efficient solutions. One of the main reasons for the growth of the booster pump market is the increasing demand for clean water. As populations continue to grow and urbanization increases, the demand for clean water also increases. Booster pumps are used to increase water pressure and ensure a steady supply of clean water to households, industries, and commercial buildings. With increasing awareness of the importance of clean water, there has been a significant increase in the installation of booster pumps, especially in developing countries.

Growing demand for pump systems and energy-efficient solutions in Booster Pump

Energy-efficient solutions are another factor driving the growth of the booster pump market is the need for. Booster pumps consume a significant amount of energy, and as energy costs continue to rise, there is a need for more efficient solutions that can reduce energy consumption while still providing the required level of performance. This has led to the development of more energy-efficient booster pumps that are equipped with advanced technologies such as variable frequency drives (VFDs) and smart controls that can optimize pump performance and reduce energy consumption. In addition, the booster pump market is also being driven by the increasing demand for pump systems that can handle a wide range of fluids and applications. Booster pumps are being used for a variety of applications such as water supply and distribution, HVAC systems, firefighting, and industrial processes. This has led to the development of more versatile and reliable booster pumps that can handle a wide range of fluids and applications.

Growing raw material prices are affecting SMEs in the pump Industry

The increasing cost of raw materials has grown up the price of powered pumps several times in the last few years. Pump manufacturers faced challenges, due to the price of copper having risen dramatically in the last year. In one year, the price of copper increased from Rs 450 per kg to Rs 950. In addition, the price of cast iron has risen to Rs 110 per kg from Rs 65 per kg, stainless steel to Rs 140 from Rs 95, and stamping charges to Rs 120 from Rs 90. "The increase in raw material prices caused a slowdown in the industry, which triggered a demand.

Approximately 3000 small-scale pump manufacturing units are in operation. More than half of small businesses are in deep financial trouble because they cannot compete on price with the big players." The cost of a 0.5 HP pump has risen from Rs 1500 to Rs 2,500. Similarly, the price of a 1 HP set has increased from Rs 6000 to Rs 9,000, and the price of a 5 HP pump has increased from Rs 16,000 to Rs 20,000. These constantly fluctuating prices hamper the booster pump market. Steel prices are not the only thing, which increases costs for manufacturing. Steel, copper, and aluminium are the three primary metals used in motors, with steel accounting for the vast majority. Prices for cast iron rolled steel frames and lamination steel also affected booster pump industry growth.


Booster Pump Market Segment Analysis:
Based on Type, the Booster pump market is segmented into single-stage and multi stage. The multi stage booster pump market is expected to dominate the booster pump market during the forecast period. A single-stage booster pump is suitable for independent houses and residential buildings with moderate pressure requirements. A single-stage booster pump is usually sufficient for a single building. When the demand for water pressure is extremely high, a multi-stage booster pump comes in conveniently. Pumping water uphill or for a residential area with multiple buildings, maintaining city water pressure, and transporting water over a very long pipeline are examples of such applications.

Nuclear Power Corporation of India Ltd received a main boiler feed water pump, BFP (RHD-350), and Booster Pump-BP (YNK 350-620) from KSB Ltd, a pump manufacturing company (NPCIL). It was a watershed moment for KSB Ltd. In developing the pump for 700 MW Indian Pressurised Heavy Water Reactors (PHWRs) and adding a new product to its already extensive nuclear pump portfolio.

Based on the Application, the Booster pump market is segmented into Household, Agriculture, Water and Wastewater, Industrial, and Other. Industrial pumps are expected to dominate the booster pump market during the forecast period. Booster pumps are useful in a variety of industries, including cosmetics, winemaking, dairy, agriculture, mining, food processing, chemicals, petroleum, power generation plants, pharmaceuticals, and others.

Industrial pumps are specifically designed for use in harsh or heavy-duty applications. These pumps are also useful for wastewater management, drainage, boiler feed applications, flood control, and irrigation. Aside from that, they have a wide range of building applications. They are used to pump the general water supply as a booster service and for domestic water supplies in buildings. Also used in sprinkler systems for fire protection and heating and cooling.


Booster Pump Market Regional Insights:
Asia Pacific is expected to dominate the Booster Pump Market during the forecast period. A booster pump will be required if a commercial building or house does not have sufficient water supply pressure from the water supply authority. To transport water to a large hotel, a large commercial booster pump is required. Booster pumps are also used to re-pressurize tank water and transfer it to a tap or the home. Booster pumps are also useful for moving water from other processes such as rainwater harvesting, toilet flushing, and laundry washing due to the demand for booster pumps market is high.

Agriculture is an important part of the Indian economy. More than half of India's population depends on the agriculture sector for a living. It has become an important component of the country's economy. The government of India has launched a scheme to promote sustainability and best framing practices, soil conservation, soil nutrient management, and good water management practices in order to make the agricultural sector more productive, sustainable, remunerative, and climate-friendly. With increased government support and training for farmers, demand for booster pumps is expected to rise for large-scale producers, boosting the growth of the Asia Pacific booster pump market.
Booster Pump Market Scope: Inquiry Before Buying



Booster Pump Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
USD 2.45 Bn.


Forecast Period 2023 to 2029 CAGR:
4.8 %
Market Size in 2029:
USD 3.56 Bn.


 Segments Covered:
by  Type
1.Single Stage
2.Multi-Stage


by Application
1. Household
2. Agriculture
3. Water and Wastewater
4. Industrial
5. Other


by Sales Type
1. New Sales
2. Aftermarket



Booster Pump Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Booster Pump Key Players
1. Xylem, Inc
2. Pentair PLC
3. Franklin Electric Co., Inc
4. Witte Pumps & Technology GmbH (Dover Corporation)
5. Alfred Karcher SE & Co. KG
6. Aquatec International, Inc
7. Dab Pumps Spa
8. Smith & Loveless, Inc
9. Eddy Pump Corporation
10. Alfred Kärcher SE & Co. KG,
11. Aquatec International Inc.
12. Dab Pumps Spa
13. Davey Water
14. Franklin Electric
15. Pentair
16. Smith & Loveless
17. Witte Pumps & Technology GmbH
18. Xylem
19. Zodiac Pool Systems LLC

Frequently Asked Questions:

1] What segments are covered in the Global Booster Pump Market report?
Ans. The segments covered in the Booster Pump Market report are based on Type, Application, End-user, and Region.

2] Which region is expected to hold the highest share in the Global Booster Pump Market?
Ans. The Asia Pasific region is expected to hold the highest share of the Booster Pump Market.

3] What is the market size of the Global Booster Pump Market by 2029?
Ans. The market size of the Booster Pump Market by 2029 is expected to reach US$ 3.56 Bn.

4] What is the forecast period for the Global Booster Pump Market?
Ans. The forecast period for the Booster Pump Market is 2022-2029.

5] What was the market size of the Global Booster Pump Market in 2021?
Ans. The market size of the Booster Pump Market in 2022 was valued at US$ 2.45 Bn.