The report Water pump market (by Pump Type ( Centrifugal Pump, positive displacement water pump, Others)-by End-User (Oil and Gas and Refining, Chemical, Power Generation, Water and Wastewater, General Industry)-by Geography (Europe, Asia-Specific, North America, Middle East & Africa, Latin America))-is expected to reach US$ 70 Bn 2026 at a CAAGR of 5.5%
A water pump is a machine that is used for moving water through pipelines. Water pumps are one of the most important mechanical devices with End-User in several industries and households. Uses of water pumps are plenty, but they are primarily used to provide a continuous supply of water in industrial and commercial buildings, hospitals, houses, and other infrastructures. Water pumps find their usage in several household End-Users including in-house water fountain, gardening, and water coolers. It is also used to supply and transport various forms of liquid depending on the Pump Type and material of the pump used.
Growing dependency on groundwater and irregularity in monsoon is catalysing demand for water pumps in the agricultural segment. Water pumps are an important key factor in agriculture sector to ensure the controlled supply of water to farms. 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 development of wastewater treatment plants and desalination plants in the country coupled with various government initiatives for strengthening and developing existing. The key factors restraining the water pump market includes availability of substandard pumps and high competition. 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.
Centrifugal pump segment dominates the market contributing substantial share compared to positive displacement pumps of the total water pump market
In terms of pump type, centrifugal water pumps are used widely in buildings, wells, fire protection system and hot water circulation in industries, whereas positive displacement design type water pumps are used in hydraulic systems. Centrifugal pump segment dominates the market contributing substantial share compared to positive displacement pumps of the total water pump market.
The demand of water pumps from power generation sector is expected to gain traction during the forecast period during 2018-2026
In terms of end-user, increase in the utilization of water pumps in the oil and gas sector can be attributed to the rise in demand for energy. New technologies in water pumps enable efficient separation processes for liquids and gas. The demand of water pumps from power generation sector is expected to gain traction during the forecast period particularly due to the increasing investment in power and energy sector in emerging economies.
Asia Pacific region dominates the global Water Pump Market in 2018
In terms of region, Asia Pacific region dominates the global water pump market followed by Europe and North America. The economic growth along with infrastructural development in the emerging countries like Asia pacific such as China and India is expected to drive the market for water pumps market in the region.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Gardner Denver, Inc., Torishima Pump Mfg. Co., General Electric Company, Weir Group PLC, Weatherford International Inc, ITT Inc., PROCON Products, KSB Group, Kirloskar Brothers Limited, Atlas Copco, Baker Hughes Incorporated, Busch LLC, ClydeUnion Pumps, Ebara Corporation, Flowserve Corporation, Halliburton Company, ULVAC Technologies, Jyoti Ltd, Shakti Pumps India Ltd, CNP Pumps India Pvt Ltd, CRI Pumps Pvt Ltd, and Sulzer Ltd., among others.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the Water pump market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Water pump market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Water pump market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on https://www.maximizemarketresearch.com/market-report/water-pump-market/12429/
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